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31 March 2006 |
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Audited Financial Results
for the year ended 31st March 2006. |
| (Rs. in lacs) |
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Consolidated |
| Particulars |
9 months Ended |
Quarter Ended |
Year Ended |
Year Ended |
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31.12.05 |
31.03.06 |
31.03.05 |
31.03.06 |
31.03.05 |
31.03.06 |
31.03.05 |
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Reviewed |
Unaudited |
Audited |
Audited |
Audited |
Audited |
| Domestic Sales (Net) |
7971.26 |
2928.76 |
2459.02 |
10900.02 |
8867.74 |
13532.83 |
10608.79 |
| Export Sales |
4008.92 |
1766.20 |
1191.06 |
5775.12 |
4939.14 |
5775.12 |
4939.14 |
| Net Sales/ Income from operations |
11980.18 |
4694.96 |
3650.08 |
16675.14 |
13806.88 |
19307.95 |
15547.93 |
| Other Income |
67.38 |
19.83 |
22.84 |
87.21 |
116.37 |
128.98 |
153.58 |
| Total Income |
12047.56 |
4714.79 |
3672.92 |
16762.35 |
13923.25 |
19436.93 |
15701.51 |
| Total Expenditure |
10514.11 |
4035.18 |
3224.68 |
14549.29 |
12117.86 |
16656.56 |
13566.77 |
| a) (Increase)/ Decrease in stock |
(350.03) |
92.19 |
(10.48) |
(257.84) |
46.06 |
(217.31) |
(2.57) |
| b) Consumption of raw material |
4540.27 |
1203.56 |
1313.43 |
5743.83 |
4723.29 |
5743.83 |
4723.29 |
| c) Staff cost |
1631.42 |
547.15 |
510.15 |
2178.57 |
1995.59 |
2325.64 |
2092.44 |
| d) Other expenditure |
| - Sub contract charges |
1568.32 |
623.28 |
549.49 |
2191.60 |
1870.86 |
2191.60 |
1870.86 |
| - Others |
3124.13 |
1569.00 |
862.09 |
4693.13 |
3482.06 |
6612.80 |
4882.75 |
| Interest |
527.51 |
190.58 |
179.73 |
718.09 |
674.20 |
727.40 |
689.34 |
| Depreciation |
441.83 |
176.11 |
123.42 |
617.94 |
465.56 |
658.22 |
498.96 |
| Profit before tax |
564.11 |
312.92 |
145.09 |
877.03 |
665.63 |
1394.75 |
946.44 |
| Provision for taxation |
| - Current |
241.71 |
91.66 |
37.95 |
333.37 |
235.77 |
517.94 |
346.46 |
| - FBT |
28.29 |
16.21 |
0.00 |
44.50 |
0.00 |
44.70 |
0.00 |
| - Deferred |
(51.82) |
27.80 |
44.54 |
(24.02) |
26.76 |
(44.05) |
23.63 |
| Net Profit |
345.93 |
177.25 |
62.60 |
523.18 |
403.10 |
876.16 |
576.35 |
| Paid-up equity share capital |
1004.17 |
1004.17 |
602.50 |
1004.17 |
602.50 |
1004.17 |
602.50 |
| Reserves excluding Rev. Reserve |
- |
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5108.88 |
3172.52 |
5887.25 |
3657.89 |
Basic & Diluted EPS (Rs.)
(Face value of Rs.10/- per share) |
3.44 |
1.77 |
1.04 |
6.60 |
5.98 |
11.05 |
8.56 |
Aggregate of Non-Promoters
Shareholding: No. of Shares |
3133644 |
3133644 |
1867684 |
3133644 |
1867684 |
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| % of Non-promoters Shareholding |
31.21 |
31.21 |
31.00 |
31.21 |
31.00 |
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Notes:
- The above financial results as reviewed by the Audit Committee were taken on record by the Board of Directors in their meeting held on June 27, 2006.
- The Board have recommended a Dividend of Rs.1.50 per share (15%) for the year ended March 31, 2006 subject to the approval of shareholders.
- The Company is operating only in one segment viz. Fasteners.
- Consolidated results are inclusive of figure in respect of Indian Fasteners Ltd., LPS Bossard Pvt. Ltd. and LPS Bossard Information Systems Pvt. Ltd.
- The Company has deployed all the proceeds of rights issue of Equity Shares towards objects mentioned in the Letter of Offer.
- EPS of current and previous year have been recasted as per Accounting Standard 20 of ICAI, New Delhi.
- During the quarter two investor complaints were received, which were promptly attended by the Company. No complaints were pending either at the beginning or at the end of quarter.
- Previous year's figures have been regrouped wherever necessary to make them comparable with that of current year
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Place: Rohtak
Date : 27.06.2006 |
Lalit Kumar Jain
Chairman & Managing Director |
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