Particulars

Standalone

Consolidated

Quarter ended

Nine Months ended

Year ended

Quarter ended

Nine Months ended

Year ended

31.12.2008

31.12.2007

31.12.2008

31.12.2007

31.03.2008

31.12.2008

31.12.2007

31.12.2008

31.12.2007

31.03.2008

(Unaudited)

(Unaudited)

(Unaudited)

(Unaudited)

(Audited)

(Unaudited)

(Unaudited)

(Unaudited)

(Unaudited)

(Audited)

1.

(a)

Net Sales / Income from Operations

434.07

417.61

1607.99

1275.47

1762.33

602.89

552.99

2124.61

1648.92

2306.11

(b)

Other Operating Income

4.86

1.80

9.90

4.90

8.32

18.53

11.29

42.99

19.91

30.15

2.

Total Revenue

438.93

419.41

1617.89

1280.37

1770.65

621.42

564.28

2167.60

1668.83

2336.26

3.

Expenditure

a) Decrease / (Increase) in Stock in Trade and Work In Progress

17.59

(1.77)

(31.42)

(28.67)

(11.38)

17.55

(1.56)

(31.42)

(28.53)

(11.51)

b) Consumption of Raw Materials (Net)

277.67

256.65

1077.40

815.10

1105.74

279.71

257.20

1080.55

817.13

1107.62

c) Employee Cost

38.85

35.95

119.72

104.35

141.90

62.23

56.09

190.40

162.13

221.09

d) Depreciation

13.87

13.88

42.99

38.90

53.15

19.33

16.52

57.07

46.37

65.50

e) Other Expenditure

104.20

94.21

354.00

287.82

395.47

226.35

175.66

714.17

498.08

724.77

f) Total

452.18

398.92

1562.69

1217.50

1684.88

605.17

503.91

2010.77

1495.18

2107.47

4.

Profit / (Loss) From Operations before Other Income, Interest and Exceptional Items { 2 - 3 }

(13.25)

20.49

55.20

62.87

85.77

16.25

60.37

156.83

173.65

228.79

5.

Other Income

2.65

3.37

13.60

12.37

11.72

2.10

3.41

13.16

12.49

12.00

6.

Profit / (Loss) Before Interest and Exceptional Items { 4 + 5 }

(10.60)

23.86

68.80

75.24

97.49

18.35

63.78

169.99

186.14

240.79

7.

Interest

9.23

6.18

22.31

14.72

19.97

59.16

34.88

163.11

94.85

137.16

8.

Profit / (Loss) After Interest but before Exceptional Items { 6 - 7}

(19.83)

17.68

46.49

60.52

77.52

(40.81)

28.90

6.88

91.29

103.63

9.

Exceptional Items

a) Profit on Sale of Long Term Investments

0.00

1.25

46.66

1.25

1.25

0.00

1.25

46.66

1.25

1.25

b) Profit on Sale of Land and Buildings

0.00

5.11

0.00

5.11

4.67

0.00

5.11

0.00

5.11

4.67

10.

Profit / (Loss) Before Tax from Ordinary Activities { 8 + 9}

(19.83)

24.04

93.15

66.88

83.44

(40.81)

35.26

53.54

97.65

109.55

11.

Tax Expense (including Deferred Tax and Fringe Benefit Tax)

(6.08)

6.49

16.54

19.52

26.94

(7.98)

11.41

15.58

32.47

39.97

12.

Profit / (Loss) After Tax { 10 - 11 }

(13.75)

17.55

76.61

47.36

56.50

(32.83)

23.85

37.96

65.18

69.58

Minority Interest

(0.11)

(0.15)

(0.67)

(2.57)

(1.89)

13.

Net Profit

(13.75)

17.55

76.61

47.36

56.50

(32.94)

23.70

37.29

62.61

67.69

14.

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

15.

Reserves and Surplus

681.02

722.67

16.

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

(0.74)

0.95

4.15

2.56

3.06

(1.78)

1.28

2.02

3.39

3.66

17.

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

(0.74)

0.95

4.15

2.56

3.06

(1.78)

1.28

2.02

3.39

3.66

18.

Aggregate of Public Shareholding

Number of Shares

72607420

84290670

72607420

84290670

80907920

72607420

84294670

72607420

84290670

80907920

% of Shareholding

39.29%

45.62%

39.29%

45.62%

43.79%

39.29%

45.62%

39.29%

45.62%

43.79%

The above results have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on 30th January 2009.

During the quarter, the Compensation and Nomination Committee approved the grant of 54,000 Stock Options to certain employees of the Company. The Options would vest on 31st October, 2009 (20%), 31st October, 2010 (20%), 31st October, 2011 (30%) and 31st October 2012 (30%), 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. 24.25, being the closing price of the share on the National Stock Exchange on 29th October, 2008.

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 and nine months ended 31st December, 2008.

During the quarter, 2 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.

Particulars

Standalone

Consolidated

Quarter ended

Nine Months ended

Year ended

Quarter ended

Nine Months ended

Year ended

31.12.2008

31.12.2007

31.12.2008

31.12.2007

31.03.2008

31.12.2008

31.12.2007

31.12.2008

31.12.2007

31.03.2008

(Unaudited)

(Unaudited)

(Unaudited)

(Unaudited)

(Audited)

(Unaudited)

(Unaudited)

(Unaudited)

(Unaudited)

(Audited)

1

Segment Revenue

Cycles / Components

138.22

124.70

533.85

405.05

577.07

138.22

124.70

533.85

405.05

577.07

Engineering

200.76

215.46

797.90

656.81

884.89

203.95

215.46

802.60

656.81

884.90

Metal Formed Products

116.55

94.84

353.41

263.42

369.86

119.64

96.65

360.16

268.81

376.81

Insurance

86.91

54.68

250.99

164.84

248.86

Other Financial Services

74.76

80.86

254.84

204.95

291.46

Others

0.72

0.48

1.80

1.30

1.98

Total

455.53

435.00

1685.16

1325.28

1831.82

624.20

572.83

2204.24

1701.76

2381.08

Less : Inter Segment Revenue

21.46

17.39

77.17

49.81

69.49

21.31

19.84

79.63

52.84

74.97

Net Sales

434.07

417.61

1607.99

1275.47

1762.33

602.89

552.99

2124.61

1648.92

2306.11

2

Segment Results (Profit / (Loss) before Interest and Tax from each Segment except Other Financial Services)

Cycles / Components

2.18

3.17

22.25

14.69

21.80

2.18

3.17

22.25

14.69

21.80

Engineering

(14.05)

12.22

30.00

36.85

42.85

(17.77)

12.22

22.50

36.85

37.90

Metal Formed Products

8.26

14.01

40.62

36.33

55.58

8.24

14.14

40.81

36.89

56.19

Insurance

0.90

0.90

4.94

13.40

10.54

Other Financial Services (Profit / (Loss) After Interest and Before Tax)

(17.47)

10.07

(30.13)

21.23

24.18

Others

0.12

0.12

0.26

0.28

0.43

Total

(3.61)

29.40

92.87

87.87

120.23

(23.80)

40.62

60.63

123.34

151.04

Less :

Interest

9.23

6.18

22.31

14.72

19.97

9.35

6.18

22.55

14.72

19.97

Other Un-allocable Expenditure Net of Un-allocable Income

6.99

(0.82)

(22.59)

6.27

16.82

7.66

(0.82)

(15.46)

10.97

21.52

Net Profit / (Loss) before Tax

(19.83)

24.04

93.15

66.88

83.44

(40.81)

35.26

53.54

97.65

109.55

3

Capital Employed (Segment Assets - Segment Liabilities)

Cycles / Components

92.61

73.73

83.98

92.61

73.73

83.98

Engineering

418.73

400.25

362.05

448.49

424.33

388.89

Metal Formed Products

306.89

235.07

269.63

312.97

240.79

275.18

Insurance

144.30

148.67

145.70

Other Financial Services

178.15

168.73

162.89

Others

1.78

1.54

1.61

Other Un-allocable Assets Net of Un-allocable Liabilities

370.90

350.13

372.45

70.79

92.51

111.89

Total

1189.13

1059.18

1088.11

1249.09

1150.30

1170.14