Particulars

Standalone

Consolidated

Nine Months ended

Quarter ended

Year ended

Year ended

31.12.2006

31.12.2005

31.03.2007

31.03.2006

31.03.2007

31.03.2006

31.03.2007

31.03.2006

(Unaudited)

(Unaudited)

(Unaudited)

(Unaudited)

(Audited)

(Audited)

(Audited)

(Audited)

1.

Gross Sales including Excise Duty / Income from Operations

1293.56

1199.98

468.28

384.20

1761.84

1584.18

2026.24

1689.86

Less : Excise Duty

113.61

97.89

33.19

25.35

146.80

123.24

147.75

123.79

Net Sales / Income from Operations

1179.95

1102.09

435.09

358.85

1615.04

1460.94

1878.49

1566.07

2.

Other Income (Note 3)

86.26

36.51

6.48

97.53

92.74

134.04

103.78

146.76

Total Revenue

1266.21

1138.60

441.57

456.38

1707.78

1594.98

1982.27

1712.83

3.

Total Expenditure

a) (Increase) / Decrease in Stock in Trade

(23.13)

(5.46)

9.31

(16.41)

(13.82)

(21.87)

(13.84)

(21.95)

b) Consumption of Raw Materials

715.93

660.97

260.79

227.95

976.72

888.92

977.86

888.92

c) Staff Cost

87.71

74.53

27.36

22.78

115.07

97.31

161.55

119.48

d) Other Expenditure

274.12

237.68

98.70

85.85

372.82

323.53

512.37

405.21

Total Expenditure

1054.63

967.72

396.16

320.17

1450.79

1287.89

1637.94

1391.66

Profit before Interest, Depreciation and Tax

211.58

170.88

45.41

136.21

256.99

307.09

344.33

321.17

4.

Interest

9.04

10.13

2.25

2.77

11.29

12.90

69.74

20.71

5.

Depreciation

38.52

32.98

11.87

15.58

50.39

48.56

56.42

53.56

6.

Net Profit before Tax

164.02

127.77

31.29

117.86

195.31

245.63

218.17

246.90

7.

Provision for Taxation - Income Tax - Current

29.22

26.25

5.78

21.25

35.00

47.50

41.65

48.54

- Income Tax - Previous Years

-

-

-

3.62

-

3.62

-

3.62

- Deferred Tax (Asset) /Liability

(3.05)

7.14

5.64

1.65

2.59

8.79

2.59

8.79

- Fringe Benefit Tax

1.48

2.13

0.46

0.66

1.94

2.79

2.34

3.41

8.

Profit After Tax

136.37

92.25

19.41

90.68

155.78

182.93

171.59

182.54

Add / (Less) : Minority Interest

(3.24)

0.81

Add : Share of Associate

-

3.75

9

Net Profit

136.37

92.25

19.41

90.68

155.78

182.93

168.35

187.10

10

Paid-up Equity Share Capital

36.95

36.95

36.95

36.95

36.95

36.95

36.95

36.95

[Face Value Per Equity Share of Rs.2 (Previous Periods Rs. 10) - Note 4]

11

Reserves and Surplus

618.90

495.15

654.13

525.85

12

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

- Pre Split Face Value Per Share of Rs.10

24.97

24.54

49.50

50.63

- Post Split Face Value Per Share of Rs.2 (Note 4)

7.38

4.99

1.05

4.91

8.43

9.90

9.11

10.13

13

Aggregate of Public shareholding

Number of Shares - Pre Split

17828105

Number of Shares - Post Split

84290670

% of Shareholding

45.62%

48.24%

1

The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 27th April 2007.

2

The Board of Directors has recommended a final dividend of Rs. 1.50 Per Share.

4

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 co

5

Effective, 1st April, 2006, the Company adopted the revised Accounting Standard (AS 15) on Employee Benefits, though not mandatory in nature. Pursuant to this, obligations of the Company amounting to Rs. 4.38 Cr. (net of Deferred Tax Rs. 2.26 Cr.) has been adjusted against the General Reserve in line with the transitional provisions of the Standard.

6

During the quarter, 6 investor complaints were received and resolved. There was no complaint pending both at the beginning and end of the quarter.

Standalone

Consolidated

Nine Months ended

Quarter ended

Year ended

Year ended

31.12.2006

31.12.2005

31.03.2007

31.03.2006

31.03.2007

31.03.2006

31.03.2007

31.03.2006

(Unaudited)

(Unaudited)

(Unaudited)

(Unaudited)

(Audited)

(Audited)

(Audited)

(Audited)

1

Segment Revenue

Cycles / Components

363.24

364.93

147.89

100.93

511.13

465.86

511.13

465.86

Engineering

613.41

566.50

216.36

192.86

829.77

759.36

829.77

759.36

Metal Formed Products

240.13

195.91

84.74

73.27

324.87

269.18

324.87

269.18

Insurance

127.28

88.40

Others

141.98

19.66

Total

1216.78

1127.34

448.99

367.06

1665.77

1494.40

1935.03

1602.46

Less : Inter Segment Revenue

36.83

25.25

13.90

8.21

50.73

33.46

56.54

36.39

Net Sales

1179.95

1102.09

435.09

358.85

1615.04

1460.94

1878.49

1566.07

2

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

Cycles / Components

10.57

10.83

8.78

1.90

19.35

12.73

19.35

12.73

Engineering

65.18

75.76

17.11

32.78

82.29

108.54

82.29

108.54

Metal Formed Products

38.53

33.20

16.75

13.70

55.28

46.90

55.28

46.90

Insurance

13.78

(2.50)

Others

14.95

3.78

Total

114.28

119.79

42.64

48.38

156.92

168.17

185.65

169.45

Less :

Interest

9.04

10.13

2.25

2.77

11.29

12.90

69.74

20.71

Other Un-allocable Expenditure Net of Un-allocable Income

(58.78)

(18.11)

9.10

(72.25)

(49.68)

(90.36)

(102.26)

(98.16)

Net Profit before Tax

164.02

127.77

31.29

117.86

195.31

245.63

218.17

246.90

3

Capital Employed (Segment Assets - Segment Liabilities)

Cycles / Components

97.43

88.90

97.43

88.90

Engineering

349.95

325.99

349.95

325.99

Metal Formed Products

204.41

165.37

204.41

165.37

Insurance

137.96

126.25

Others

1109.99

631.18

Other Un-allocable Assets Net of Un-allocable Liabilities

252.34

237.64

72.40

70.21

Total

904.13

817.90

1972.14

1407.90