AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 31ST MARCH, 2007
Sl. 
No.
Nine Month ended
31st Dec 2006 
(Unaudited)
Quarter ended
31st Mar 2007 
(Audited)
Quarter ended
31st Mar 2006 
(Audited)
Year ended
31st Mar 2007 
(Audited)
Year ended
31st Mar 2006 
(Audited)
1
Net Sales/Income from operations
43,828.05
 
28,482.56
 
18,737.83
72,310.62
 
44,248.09
2
Other Income
426.14
229.13
125.37
655.27
829.29
3
Total Expenditure
 
a) (Increase)/decrease in stock in trade
  
(3,307.70)
2,337.27
1,476.20
(970.44)
  
(1,758.95)
 
b) Consumption of raw materials
32,191.08
 
17,502.56
 
11,511.05
49,693.64
 
31,114.93
 
c) Staff Cost
1,892.19
816.41
496.05
2,708.61
2,270.66
 
d) Other expenditure
5,773.34
3,931.55
2,455.00
9,704.90
6,656.23
4
Interest
1,359.25
577.10
346.63
1,936.35
1,398.08
5
Depreciation
884.98
337.33
246.95
1,222.30
943.01
6
Profit(+)/Loss(-) before Tax and Extra 
 
Ordinary Items (1+2-3-4-5)
5,461.06
3,209.46
2,031.32
8,670.52
4,453.42
7
Extra Ordinaty Items
172.31
 
57.45
177.53
229.77
355.64
8
Profit(+)/Loss(-) before Tax (6-7) 
5,288.75
3,152.01
1,853.79
8,440.75
4,097.78
9
Provision for taxation
   
Current
1,466.34
983.71
652.95
2,450.05
1,302.95
   
Deferred
161.38
305.07
 
97.94
466.44
(20.70)
   
Fringe Benefit Tax
26.45
7.50
7.02
 
33.95
 
27.16
10
Net Profit(+)/Loss(-) (8-9)
3,634.57
1,855.73
1,095.88
5,490.31
2,788.37
11
Paid up Equity Share Capital (Face
 
Value of the share Rs. 2/-)
613.04
613.04
570.78
618.47
570.78
12
Reserves excluding revaluation
 
reserves(as per Balance Sheet) 
18,171.90
9,695.61
13
Earning Per Share for the period, for the
 
year to date and for the previous year
 
(Face Value of the share Rs. 2/-)
 
- Before Extra Ordinary Items
   
(i)  Basic
12.60
6.19
 
22.54
 
19.07
 
55.67
   
(ii) Diluted
12.30
6.18
 
20.58
 
19.05
 
54.22
 
- After Extra Ordinary Items
   
(i)  Basic
12.03
6.00
 
19.40
 
18.30
 
49.37
   
(ii) Diluted
11.75
6.00
 
17.71
 
18.29
 
48.09
14
Aggregate of Non-Promoter
 
Shareholding
   
Number of Shares
  
17,623,405
17,886,965
 
3,105,360
17,886,965
 
3,105,360
   
Percentage of shareholding
57.50%
58.35%
54.41%
57.84%
54.41%

 

Note : Face Value of Equity shares for the quarter / year ended on 31-03-2006 is Rs. 10/= each.
1)
The aforesaid results were reviewed by the audit committee at its meeting held on 15th June, 2007 and taken on record at the meeting of Board of Directors held on the same date. 
2)
The Board of Directors have recommended 75% Dividend i.e.,  Rs. 1.5  per share of Rs. 2 each
3)
The Board of Directors have recommended, subject to the approval of the Members at its ensuing Annual General Meeting,  2 nos. of Bonus share for every  1 no. of  share held. 
4)
Information on investor complaints for quarter ended 31st March, 2007 is as under:
- Complaints pending as on January 1, 2007
 Nil
- Complaints received during the quarter
 12
- Complaints solved during the quarter
 12
- Complaints pending as on March 31, 2007
 Nil
5)
Extra Ordinary Items includes:
a. Amount written off on account of VRS and Gratuity : For the Quarter Rs. 57.43 Lacs (Corresponding Quarter of Previous year : Rs. 59.37 Lacs). For the year Rs. 229.77 Lacs (previous year: Rs.237.48 Lacs )
b. FCCB Issue Expenses: For the Quarter & Year - NIL. (Corresponding Quarter & Year of Previous year : 118.16 Lacs (Net of Rs. 33.66 Lacs being Interest earned on FCCB Funds held in the form of Deposits) .
6)
The Company has $ 0.1 million worth of FCCB Series 'A' of US$ 1,000 each outstanding, which shall be converted into equity shares of Rs. 2/- each upon receipt of conversion notice from bond holder. Conversion is at the option of Bond Holders.
7)
The Previous Year's figures have been regrouped / recast whereever necessary.
For and on behalf of Board of Directors
Place :
Mumbai
Date  :  
15th June 2007
Prayasvin B. Patel
Chairman & Managing Director

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