Elecon - Audited Financial Result For The Year Ended 31st December 2003

Audited Financial Result For Three Months Ended 31st Mar 2005

Rs. in Lakhs

Quarter
ended
31st Mar 2005
(Audited)

Quarter
ended
31st Mar 2004
(Audited)

9 months
ended
31st Dec 2004 (Unaudited)

Year
ended
31st Mar 2005 (Audited)

Year
ended
31st March 2004 (Audited)

Net Sales/Income from operations

10278.79

5727.86

17493.51

27772.30

16082.36

Other Income

116.30

216.34

189.46

305.76

348.14

Total Expenditure

a) Increase/decrease in stock in trade

(511.70)

(1707.68)

28.44

(483.26)

(3164.98)

b) Consumption of raw materials

7085.78

5530.02

11395.87

18481.65

13195.19

c) Staff Cost

464.17

347.91

1109.02

1573.19

1436.91

d) Other expenditure

1811.85

1262.15

3204.78

5016.63

3272.21

Interest

236.13

240.49

689.62

925.75

692.11

Depreciation

221.86

198.77

601.33

823.19

784.35

Profit(+)/Loss(-) before Tax(1+2-3-4-5)

1087.00

72.54

653.91

1740.91

214.71

Provision for taxation

Current

403.00

13.00

98.00

501.00

13.00

Deferred

80.49

(15.24)

155.59

236.08

(15.24)

Net Profit(+)/Loss(-) ( 6-7 )

603.51

74.78

400.32

1003.83

216.95

Paid up Equity Share Capital (Face Value of the share Rs. 10/-)

564.74

564.74

564.74

564.74

Reserves excluding revaluation reserves(as per Balance Sheet)

6765.79

5948.10

Basic and diluted EPS for the period, for the year to date and for the previous year

10.69

1.32

7.09

17.78

3.84

Aggregate of Non-Promoter Shareholding

Number of Shares

3039993

3044593

3039993

3039993

3044593

Percentage of shareholding

53.83

53.91

53.83

53.83

53.91

Note:

1)	The aforesaid results has reviewed by audit committee on 12th May, 2005 and approved by Board of Directors in their meeting held on 17th May, 2005.
2)	The Board of Directors have recommended 25% Dividend subject to approval of shareholders.

3)	Information on investor complaints for quarter ended 31st March, 2005 is as under:
	- Complaints pending as on January 1, 2005	- Nil
	- Complaints received during the quarter	- Nil
	- Complaints pending as on March 31, 2005	- Nil

4)	Previous year/period figures have been regrouped, wherever considered necessary to make them comparable.

5)	A sum of Rs. 352.50 lacs has been charged to Profit & Loss A/c during the year towards VRS and Gratuity write-off, being an item of extra-ordinary nature.

Place: Mumbai Date: 17-05-2005				For and on behalf of Board of Directors
				Chairman & Managing Director

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