Standalone

Consolidated

Quarter ended

Nine Months ended

Year ended

Quarter ended

Nine Months ended

Year ended

31.12.2007

31.12.2006

31.12.2007

31.12.2006

31.03.2007

31.12.2007

31.12.2006

31.12.2007

31.12.2006

31.03.2007

(Unaudited)

(Unaudited)

(Unaudited)

(Unaudited)

(Audited)

(Unaudited)

(Unaudited)

(Unaudited)

(Unaudited)

(Audited)

1.

Net Sales / Income from Operations

417.61

384.10

1275.47

1179.95

1615.04

552.99

453.62

1648.92

1357.96

1878.49

2.

Other Income

5.17

4.06

17.27

14.96

21.05

14.70

8.46

32.40

21.27

32.09

3.

Total Revenue { 1 + 2 }

422.78

388.16

1292.74

1194.91

1636.09

567.69

462.08

1681.32

1379.23

1910.58

4.

Expenditure

a) Increase in Stock in Trade and Work In Progress

(1.77)

(10.99)

(28.67)

(23.13)

(13.82)

(1.56)

(11.05)

(28.53)

(23.17)

(13.84)

b) Consumption of Raw Materials (Net)

253.37

234.35

802.51

703.73

956.27

253.92

234.19

804.54

704.78

957.41

c) Purchase of Traded Goods

3.28

5.21

12.59

12.20

20.45

3.28

5.22

12.59

12.20

20.45

d) Employee Cost

34.16

29.68

99.24

87.71

115.07

54.30

42.32

157.02

120.76

161.55

e) Depreciation

13.88

12.25

38.90

38.52

50.39

16.52

13.78

46.37

42.85

56.42

f) Other Expenditure

96.74

86.67

294.13

274.12

372.82

178.19

127.22

504.39

372.00

512.37

g) Total

399.66

357.17

1218.70

1093.15

1501.18

504.65

411.68

1496.38

1229.42

1694.36

5.

Profit Before Interest, Tax and Exceptional Items { 3 - 4 }

23.12

30.99

74.04

101.76

134.91

63.04

50.40

184.94

149.81

216.22

6.

Interest

5.44

3.04

13.52

9.04

11.29

34.14

18.16

93.65

46.02

69.74

7.

Exceptional Items

a) Profit on Sale of Long Term Investments

1.25

0.00

1.25

71.30

71.30

1.25

0.00

1.25

71.30

71.30

b) Profit on Sale of Land and Buildings

5.11

0.00

5.11

0.00

0.39

5.11

0.00

5.11

0.00

0.39

8.

Profit Before Tax { 5 - 6 + 7 }

24.04

27.95

66.88

164.02

195.31

35.26

32.24

97.65

175.09

218.17

9.

Tax expense (including Deferred Tax and Fringe Benefit Tax)

6.49

7.41

19.52

27.65

39.53

11.41

9.42

32.47

31.57

46.58

10.

Profit After Tax { 8 - 9 }

17.55

20.54

47.36

136.37

155.78

23.85

22.82

65.18

143.52

171.59

Less : Minority Interest

(0.15)

0.17

(2.57)

(1.98)

(3.24)

11.

Net Profit

17.55

20.54

47.36

136.37

155.78

23.70

22.99

62.61

141.54

168.35

12.

Paid-up Equity Share Capital (Face Value of Rs. 2 Each)

36.95

36.95

36.95

36.95

36.95

36.95

36.95

36.95

36.95

36.95

13.

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

0.95

1.11

2.56

7.38

8.43

1.28

1.24

3.39

7.66

9.11

14.

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

0.95

1.11

2.56

7.38

8.43

1.28

1.24

3.39

7.66

9.11

15.

Aggregate of Public Shareholding

Number of Shares

84290670

86803170

84290670

84290670

86803170

84290670

% of Shareholding

45.62%

46.98%

45.62%

45.62%

46.98%

45.62%

The above results have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on 31st January , 2008.

The Statutory Auditors of the Company have carried out a Limited Review of the Unaudited Standalone and the Unaudited Consolidated Financial Results for the quarter and nine months ended 31st December, 2007. The Unaudited Consolidated Financial Results for the quarter and nine months ended 31st December, 2006 were not subjected to Limited Review by the Statutory Auditors.

The Compensation and Nomination Committee, at its meeting held on 31st January, 2008, approved the grant of 1,05,460 Stock Options to certain employees of the Company. The Options would vest after the expiry of one year from the date of grant, subject to the terms of the grant. Each Option is exercisable for 1 Equity Share of face value of Rs. 2 each fully paid up on payment of the exercise price of Rs. 66.10, being the closing price of the share on the National Stock Exchange on 30th January, 2008.

There was 1 complaint outstanding at the beginning of the period and the same was resolved during the quarter. During the quarter, the Company received 5 investor complaints and the same were resolved during the quarter. There was no complaint unresolved at the end of the quarter.

Previous periods' figures have been regrouped where necessary.

Standalone

Consolidated

Quarter ended

Nine Months ended

Year ended

Quarter ended

Nine Months ended

Year ended

31.12.2007

31.12.2006

31.12.2007

31.12.2006

31.03.2007

31.12.2007

31.12.2006

31.12.2007

31.12.2006

31.03.2007

(Unaudited)

(Unaudited)

(Unaudited)

(Unaudited)

(Audited)

(Unaudited)

(Unaudited)

(Unaudited)

(Unaudited)

(Audited)

1

Segment Revenue

Cycles / Components

124.70

103.80

405.05

363.24

511.13

124.70

103.80

405.05

363.24

511.13

Engineering

215.46

210.59

656.81

613.41

829.77

215.46

210.59

656.81

613.41

829.77

Metal Formed Products

94.84

83.58

263.42

240.13

324.87

96.65

85.57

268.81

244.93

330.96

Insurance

54.68

32.98

164.84

93.70

127.28

Other Financial Services

80.86

35.68

204.95

83.42

134.54

Others

0.48

0.36

1.30

0.94

1.35

Total

435.00

397.97

1325.28

1216.78

1665.77

572.83

468.98

1701.76

1399.64

1935.03

Less : Inter Segment Revenue

17.39

13.87

49.81

36.83

50.73

19.84

15.36

52.84

41.68

56.54

Net Sales

417.61

384.10

1275.47

1179.95

1615.04

552.99

453.62

1648.92

1357.96

1878.49

2

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

Cycles / Components

3.17

1.57

14.69

10.57

19.35

3.17

1.57

14.69

10.57

19.35

Engineering

11.48

20.54

35.65

65.18

82.29

11.48

20.54

35.65

65.18

82.29

Metal Formed Products

14.01

14.16

36.33

38.53

55.28

14.14

14.55

36.89

39.02

55.82

Insurance

0.90

0.17

13.40

8.68

13.78

Other Financial Services

38.77

18.76

101.36

44.48

14.09

Others

0.12

0.09

0.28

0.27

0.32

Total

28.66

36.27

86.67

114.28

156.92

68.58

55.68

202.27

168.20

185.65

Less :

Interest

5.44

3.04

13.52

9.04

11.29

34.14

18.16

93.65

46.02

69.74

Other Un-allocable Expenditure Net of Un-allocable Income

(0.82)

5.28

6.27

(58.78)

(49.68)

(0.82)

5.28

10.97

(52.91)

(102.26)

Net Profit before Tax

24.04

27.95

66.88

164.02

195.31

35.26

32.24

97.65

175.09

218.17

3

Capital Employed (Segment Assets - Segment Liabilities)

Cycles / Components

73.73

81.16

97.43

73.73

81.16

97.43

Engineering

400.25

370.84

349.95

424.33

376.51

362.35

Metal Formed Products

235.07

181.32

204.41

240.79

186.16

209.24

Insurance

148.67

133.84

137.96

Other Financial Services

1529.87

976.61

1091.40

Others

1.54

1.31

1.36

Other Un-allocable Assets Net of Un-allocable Liabilities

350.13

273.08

252.34

92.51

99.88

72.40

Total

1059.18

906.40

904.13

2511.44

1855.47

1972.14