Lakshmi Precision Screws Limited
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Financial Results
   31 December 2004
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Unaudited Financial Results (Provisional)
For The Quarter / Nine Months Ended 31st December, 2004
  (Rs. in Lacs)
 Particulars Quarter Ended Nine Months Ended Year Ended
31.12.04 31.12.03 31.12.04 31.12.03 31.03.04
  Unaudited

Reviewed

Unaudited Reviewed Audited
Domestic Sales (Gross) 2818.95 1982.86 7427.79 5404.12 7810.56
Export Sales 1328.43 1060.07 3748.08 3200.07 4469.96
Total Sales 4147.38 3042.93 11175.87 8604.19 12280.52
Less : Excise Duty 383.37 244.00 1019.07 664.00 1083.72
Net Sales/ Income from Operations 3764.01 2798.93 10156.80 7940.19 11196.80
Other Income 62.74 25.53 93.53 80.26 109.14
Total Expenditure 3294.47 2468.16 8890.22 6907.90 9723.50
a. (Increase)/ Decrease in stock in trade 5.44 92.76 56.54 47.06 52.85
b. Consumption of raw material 1306.92 843.77 3409.86 2505.39 3333.55
c. Staff cost 548.82 477.61 1482.48 1334.20 1804.18
d. Other expenditure          
- Sub contract charges 563.15 383.06 1321.37 1070.18 1616.70
- Others 870.14 670.96 2619.97 1951.07 2916.22
Interest 186.38 155.22 497.15 494.58 677.67
Depreciation 122.32 99.30 342.14 313.26 458.79
Profit before tax 223.58 101.78 520.82 304.71 445.98
Provision for taxation - Current 77.82 35.58 197.82 112.58 158.66
- Deferred (6.25) (2.86) (17.78) (16.31) (12.84)
Net Profit 152.01 69.06 340.78 208.44 300.16
Paid-up equity share capital 602.50 602.50 602.50 602.50 602.50
Reserves excluding Rev. Reserve - - - - 2871.61
Basic and diluted EPS (Rs.) 2.52 1.15 5.66 3.46 4.98
Aggregate of Non-Promoters          
Shareholding: No. of Shares 1868184 1868684 1868184 1868684 1868684
% of Non-promoters Shareholding 31.01 31.02 31.01 31.02 31.02
Notes:
  • The above results as reviewed by the Audit Committee were taken on record by the Board of Directors at their meeting held on 31st January, 2005.
  • The Board of Directors have decided issue of new equity shares of Rs.10/- each at a premium of Rs. 40/- to the existing shareholders of the Company on 'Right Basis' in the ratio of two equity shares for every three equity shares held by the shareholders as on the record date to be fixed by the Board lateron.
  • The Company is operating only in one segment viz. Fasteners.
  • During the quarter three investor complaints were received, which were promptly attended to by the Company. No complaints were pending either at the beginning or at the end of the quarter.
  • Previous year's figures have been regrouped wherever necessary to make them comparable with that of current year.

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