|
Unaudited Financial Results for the Quarter Ended 30th June,
2008
| Particulars |
Standalone |
Consolidated |
|
Quarter ended |
Year ended |
Quarter ended |
Year ended |
|
30.06.2008 |
30.06.2007 |
31.03.2008 |
30.06.2008 |
30.06.2007 |
31.03.2008 |
|
(Unaudited) |
(Unaudited) |
(Audited) |
(Unaudited) |
(Unaudited) |
(Audited) |
|
1. |
Net Sales / Income from Operations |
538.16 |
433.22 |
1762.33 |
726.21 |
540.68 |
2306.11 |
|
2. |
Other Income |
4.61 |
3.10 |
20.04 |
13.03 |
8.72 |
42.15 |
|
3. |
Total Revenue { 1 + 2 } |
542.77 |
436.32 |
1782.37 |
739.24 |
549.40 |
2348.26 |
|
4. |
Expenditure |
|
|
|
|
|
|
| |
a) Increase in Stock in Trade and Work In Progress |
(19.43) |
(21.46) |
(11.38) |
(19.48) |
(21.20) |
(11.51) |
| |
b) Consumption of Raw Materials (Net) |
355.93 |
291.91 |
1105.74 |
354.63 |
292.02 |
1107.62 |
| |
c) Employee Cost |
38.12 |
32.99 |
141.90 |
61.02 |
50.35 |
221.09 |
| |
d) Depreciation |
14.49 |
12.63 |
53.15 |
18.62 |
14.30 |
65.50 |
| |
e) Other Expenditure |
123.04 |
94.43 |
395.47 |
249.83 |
150.59 |
724.77 |
| |
f) Total |
512.15 |
410.50 |
1684.88 |
664.62 |
486.06 |
2107.47 |
|
5. |
Profit Before Interest, Tax and Exceptional Items { 3 - 4 } |
30.62 |
25.82 |
97.49 |
74.62 |
63.34 |
240.79 |
|
6. |
Interest |
5.84 |
4.15 |
19.97 |
49.12 |
28.13 |
137.16 |
|
7. |
Exceptional Items |
|
|
|
|
|
|
| |
a) Profit on Sale of Long Term Investments |
31.84 |
0.00 |
1.25 |
31.84 |
0.00 |
1.25 |
| |
b) Profit on Sale of Land and Buildings |
0.00 |
0.00 |
4.67 |
0.00 |
0.00 |
4.67 |
|
8. |
Profit Before Tax { 5 - 6 + 7 } |
56.62 |
21.67 |
83.44 |
57.34 |
35.21 |
109.55 |
|
9. |
Tax expense (including Deferred Tax and Fringe Benefit Tax) |
8.33 |
7.58 |
26.94 |
10.74 |
11.80 |
39.97 |
|
10. |
Profit After Tax { 8 - 9 } |
48.29 |
14.09 |
56.50 |
46.60 |
23.41 |
69.58 |
| |
Less : Minority Interest |
|
|
|
(0.51) |
(1.92) |
(1.89) |
|
11. |
Net Profit |
48.29 |
14.09 |
56.50 |
46.09 |
21.49 |
67.69 |
|
12. |
Paid-up Equity Share Capital
(Face Value of Rs. 2 Each) |
36.95 |
36.95 |
36.95 |
36.95 |
36.95 |
36.95 |
|
13. |
Reserves and Surplus |
|
|
681.02 |
|
|
722.67 |
|
14. |
Basic Earnings Per Share (in Rs.) -
Not Annualised |
2.61 |
0.76 |
3.06 |
2.49 |
1.16 |
3.66 |
|
15. |
Diluted Earnings Per Share (in Rs.) -
Not Annualised |
2.61 |
0.76 |
3.06 |
2.49 |
1.16 |
3.66 |
|
16. |
Aggregate of Public Shareholding |
|
|
|
|
|
|
| |
Number of Shares |
7,26,07,920 |
8,42,94,670 |
8,09,07,920 |
7,26,07,920 |
8,42,94,670 |
8,09,07,920 |
| |
% of Shareholding |
39.29% |
45.62% |
43.79% |
39.29% |
45.62% |
43.79% |
Notes :
| 1. |
The above results have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on 31st July , 2008. |
| 2. |
The Statutory Auditors of the Company have carried out a Limited Review of the above Unaudited Standalone and the Unaudited Consolidated Financial Results for the quarter ended 30th June, 2008. |
| 3. |
During the quarter, 5 investor complaints were received and resolved. There was no complaint pending both at the beginning and end of the quarter. |
| 4. |
Previous periods' figures have been regrouped where necessary. |
Segment wise
revenue, results and capital employed under Clause 41 of the listing agreement
| Particulars |
Standalone |
Consolidated |
|
Quarter ended |
Year ended |
Quarter ended |
Year ended |
|
30.06.2008 |
30.06.2007 |
31.03.2008 |
30.06.2008 |
30.06.2007 |
31.03.2008 |
|
(Unaudited) |
(Unaudited) |
(Audited) |
(Unaudited) |
(Unaudited) |
(Audited) |
| |
|
|
|
|
|
|
|
|
1 |
Segment Revenue |
|
|
|
|
|
|
| |
Cycles / Components |
183.35 |
150.29 |
577.07 |
183.35 |
150.29 |
577.07 |
| |
Engineering |
275.14 |
216.10 |
884.89 |
275.58 |
216.10 |
884.90 |
| |
Metal Formed Products |
108.31 |
82.24 |
369.86 |
110.03 |
84.04 |
376.81 |
| |
Insurance |
|
|
|
85.90 |
53.84 |
248.86 |
| |
Other Financial Services |
|
|
|
101.76 |
54.01 |
291.46 |
| |
Others |
|
|
|
0.50 |
0.38 |
1.98 |
| |
Total |
566.80 |
448.63 |
1831.82 |
757.12 |
558.66 |
2381.08 |
| |
Less : Inter Segment Revenue |
28.64 |
15.41 |
69.49 |
30.91 |
17.98 |
74.97 |
| |
Net Sales |
538.16 |
433.22 |
1762.33 |
726.21 |
540.68 |
2306.11 |
|
2 |
Segment Results (Profit before Interest and Tax from each Segment
except Other Financial Services) |
|
|
|
|
|
|
| |
Cycles / Components |
10.74 |
6.82 |
21.80 |
10.74 |
6.82 |
21.80 |
| |
Engineering |
22.80 |
14.63 |
42.85 |
21.12 |
14.63 |
37.90 |
| |
Metal Formed Products |
13.62 |
10.71 |
55.58 |
13.67 |
10.98 |
56.19 |
| |
Insurance |
|
|
|
3.18 |
10.00 |
10.54 |
| |
Other Financial Services (Profit After Interest and Before Tax) |
|
|
|
(0.88) |
3.21 |
24.18 |
| |
Others |
|
|
|
0.08 |
0.09 |
0.43 |
| |
Total |
47.16 |
32.16 |
120.23 |
47.91 |
45.73 |
151.04 |
| |
Less : |
|
|
|
|
|
|
| |
Interest |
5.84 |
4.15 |
19.97 |
5.87 |
4.18 |
19.97 |
| |
Other Un-allocable Expenditure Net of Un-allocable Income |
(15.30) |
6.34 |
16.82 |
(15.30) |
6.34 |
21.52 |
| |
Net Profit before Tax |
56.62 |
21.67 |
83.44 |
57.34 |
35.21 |
109.55 |
|
3 |
Capital Employed
(Segment Assets - Segment Liabilities) |
|
|
|
|
|
|
| |
Cycles / Components |
58.43 |
58.27 |
83.98 |
58.43 |
58.27 |
83.98 |
| |
Engineering |
391.41 |
371.68 |
362.05 |
423.73 |
383.98 |
388.89 |
| |
Metal Formed Products |
276.56 |
226.26 |
269.63 |
277.10 |
231.85 |
275.18 |
| |
Insurance |
|
|
|
146.50 |
145.60 |
145.70 |
| |
Other Financial Services |
|
|
|
161.62 |
97.42 |
162.89 |
| |
Others |
|
|
|
1.67 |
1.42 |
1.61 |
| |
Other Un-allocable Assets Net of Un-allocable Liabilities |
393.72 |
250.13 |
372.45 |
129.84 |
70.20 |
111.89 |
| |
Total |
1120.12 |
906.34 |
1088.11 |
1198.89 |
988.74 |
1170.14 |
|
|
|
|
|
|
|
For Tube Investments of India Limited
|
| Place : Chennai |
|
L Ramkumar |
| Dated : 31st July, 2008 |
|
Managing Director
|
|
