LANCO INDUSTRIES LIMITED
	Regd. Office & Works: Rachagunneri-517641
	Srikalahasthi Mandal, Chittoor District, Andhra Pradesh
	website: www.lancoindustries.com
	UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED SEPTEMBER 30, 2008
							(Rs. In Lakhs)
	Sl. No.	Particulars	Quarter    Ended September 30, 2008  Unaudited	Quarter    Ended September 30, 2007  Unaudited	Half Year Ended September 30, 2008 Unaudited	Half Year Ended September 30, 2007 Unaudited	Year     Ended  March 31, 2008  Audited
	1	a. Net Sales/Income from Operations	15,813.13	9,593.89	29,439.49	19,644.42	46,365.63
		b. Other Operating Income	183.06	7.29	183.97	18.66	93.21
		c. Total	15,996.19	9,601.18	29,623.46	19,663.08	46,458.84
	2	Expenditure
		a. Increase/decrease in stock in trade and work in progress	(610.22)	384.83	(1,425.28)	362.88	(14.16)
		b. Consumption of raw materials	10,420.90	4,729.01	19,619.17	10,470.52	24,779.93
		c. Purchase of traded goods	-	-	-	-	659.16
		d. Employees cost	488.67	450.99	1,028.47	832.97	1,862.53
		e. Depreciation	400.89	363.93	797.77	722.24	1,512.99
		f. Stores and spares	2,236.78	1,588.99	3,755.80	3,299.38	7,107.49
		g. Manufacturing expenses	673.98	420.85	1,241.52	954.99	1,767.31
		h. Other expenditure	565.81	488.39	964.70	953.63	2,479.56
		i. Total	14,176.81	8,426.99	25,982.15	17,596.61	40,154.81
	3	Profit from Operations before Other Income, Interest (1-2)	1,819.38	1,174.19	3,641.31	2,066.47	6,304.03
	4	Interest #	1,335.61	468.37	2,225.05	654.68	2,302.59
	5	Profit from Ordinary Activities before Tax (3-4)	483.77	705.82	1,416.26	1,411.79	4,001.44
	6	Tax expense
		- Current	54.81	80.75	160.46	159.96	453.41
		- MAT credit entitlement	(54.81)	(80.75)	(160.46)	(159.96)	(453.41)
		- Deferred	164.43	242.24	481.38	479.87	1,392.16
		- Fringe benefit tax	2.50	1.73	5.50	5.23	17.54
	7	Net Profit from Ordinary Activities after tax for the period (5-6)	316.84	461.85	929.38	926.69	2,591.74
	8	Paid-up equity share capital (Face Value Rs.10/- per Share)	3976.36	3976.36	3976.36	3976.36	3976.36
	9	Reserve excluding Revaluation Reserves as per balance sheet of previous accounting year	-	-	-	-	7179.70
	10	Earnings Per Share (EPS)
		a. Basic and diluted EPS before Extraordinary items for the period, for the year to date and for the previous year (not to be annualized)	0.80	1.16	2.34	2.33	6.52
		b. Basic and diluted EPS after Extraordinary items for the period, for the year to date and for the previous year (not to be annualized)	0.80	1.16	2.34	2.33	6.52
	11	Public Shareholding
		- No. of shares	20713708	19963656	20713708	19963656	21333708
		- Percentage of shareholding	52.09%	50.21%	52.09%	50.21%	53.65%
		# Interest includes exchange fluctuation on foreign currency borrowings/transactions.
		Notes:-
	1	The above results were reviewed by the Audit Committee and  taken on record by the Board of Directors at their meeting held on 23rd October, 2008.
	2	The Company has only "Pipes" as a significant reportable segment.
	3	Details of number of investors' complaints for the quarter ended 30th September, 2008:
		Beginning - Nil, Received -5, Disposed off -5, and Pending - Nil.
	4	Figures of the previous period/year have been regrouped wherever necessary.
	5	The Auditors of the Company have carried out a Limited Review of the aforesaid financial results for the quarter ended 30th September, 2008 in terms of Clause 41 of the Listing Agreement with Stock Exchanges.
						For Lanco Industries Limited
		Place:Chennai				Mayank Kejriwal
		Date :23rd October, 2008.				Managing Director