Quarter ended

Half Year ended

Year ended

30.09.2006

30.09.2005

30.09.2006

30.09.2005

31.03.2006

(Unaudited)

(Unaudited)

(Unaudited)

(Unaudited)

(Audited)

1.

Gross Sales including Excise Duty / Income from Operations

456.79

389.86

870.34

800.76

1584.18

Less : Excise Duty

42.46

35.11

74.49

67.82

123.24

Net Sales / Income from Operations

414.33

354.75

795.85

732.94

1460.94

2.

Other Income (Note 2)

9.74

12.73

82.20

13.76

134.07

Total Revenue

424.07

367.48

878.05

746.70

1595.01

3.

Total Expenditure

a) Decrease / (Increase) in Stock in Trade

11.29

1.67

(12.14)

(6.63)

(21.87)

b) Consumption of Raw Materials

232.66

206.97

476.37

445.50

888.92

c) Staff Cost

30.55

25.46

58.03

47.72

97.31

d) Other Expenditure

96.68

73.88

187.45

154.93

323.28

Total Expenditure

371.18

307.98

709.71

641.52

1287.64

Profit before Interest, Depreciation and Tax

52.89

59.50

168.34

105.18

307.37

4.

Interest

2.93

3.45

6.00

6.56

13.18

5.

Depreciation

12.54

11.06

26.27

22.49

48.56

6.

Net Profit before Tax

37.42

44.99

136.07

76.13

245.63

7.

Provision for Taxation

- Income Tax

- Current Year

9.71

15.73

19.57

22.16

47.50

- Previous Years

3.62

- Deferred Tax

0.92

(2.73)

(0.13)

(1.95)

8.79

- Fringe Benefit Tax

0.42

0.61

0.80

1.13

2.79

8.

Net Profit

26.37

31.38

115.83

54.79

182.93

9.

Paid-up Equity Share Capital
[Face Value Per Equity Share of Rs.2 (Previous Periods Rs. 10) - Note 3]

36.95

36.95

36.95

36.95

36.95

10.

Reserves and Surplus

495.15

11.

Basic and Diluted Earnings Per Share (in Rs.) - Not Annualised

- Pre Split Face Value Per Share of Rs. 10

8.49

14.83

49.50

- Post Split Face Value Per Share of Rs. 2 (Note 3)

1.43

1.70

6.27

2.97

9.90

12.

Aggregate of Public Shareholding

Number of Shares - Pre Split

17535705

17828105

Number of Shares - Post Split

89130705

87678525

89140525

% of Shareholding

48.24%

47.45%

48.24%

The above results have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on 31st October, 2006. They have been subjected to a Limited Review by the Statutory Auditors of the Company.

Effective 8th June 2006, One (1) Equity Share of Rs. 10 each has been sub-divided into Five (5) Equity Shares of Rs. 2 each. Hence, the Earnings per Share for the previous periods has been restated based on the Face Value Per Equity Share of Rs. 2 for comparability.

During the quarter, 10 investor complaints were received and resolved. There was no complaint pending both at the beginning and end of the quarter.

Previous periods' figures have been regrouped where necessary.

Quarter ended

Half Year ended

Year ended

30.09.2006

30.09.2005

30.09.2006

30.09.2005

31.03.2006

(Unaudited)

(Unaudited)

(Unaudited)

(Unaudited)

(Audited)

1

Segment Revenue

Cycles / Components

134.85

112.16

259.44

241.13

465.86

Engineering

211.31

180.47

402.82

380.03

759.36

Metal Formed Products

81.49

66.09

156.55

128.78

269.18

Total

427.65

358.72

818.81

749.94

1494.40

Less : Inter Segment Revenue

13.32

3.97

22.96

17.00

33.46

Net Sales

414.33

354.75

795.85

732.94

1460.94

2

Segment Results (Profit before Interest and Tax from each Segment)

Cycles / Components

5.98

5.78

9.00

9.38

12.73

Engineering

22.09

24.93

44.64

50.59

108.54

Metal Formed Products

12.02

10.64

24.37

20.20

46.90

Total

40.09

41.35

78.01

80.17

168.17

Less :

Interest

2.93

3.45

6.00

6.56

13.18

Other Un-allocable Expenditure Net of Un-allocable Income

(0.26)

(7.09)

(64.06)

(2.52)

(90.64)

Net Profit before Tax

37.42

44.99

136.07

76.13

245.63

3

Capital Employed (Segment Assets - Segment Liabilities)

Cycles / Components

77.91

129.16

88.90

Engineering

339.58

295.41

325.99

Metal Formed Products

173.30

142.33

165.37

Other Un-allocable Assets Net of Un-allocable Liabilities

314.68

218.85

237.64

Total

905.47

785.75

817.90