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| LANCO INDUSTRIES LIMITED |
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| Regd. Office & Works: Rachagunneri-517641 |
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| Srikalahasthi Mandal, Chittoor District, Andhra Pradesh |
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| website: www.lancoindustries.com |
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| UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30th JUNE,
2008 |
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(Rs. in Lakhs) |
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| Particulars |
Quarter Ended |
Year Ended |
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| 30th June' 08 |
30th
June' 07 |
31st Mar' 08 |
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| (Unaudited) |
(Audited) |
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| Gross
Sales/Income from operations |
14,596.15 |
10,805.88 |
49,472.02 |
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| Less: Excise Duty |
969.79 |
755.35 |
3,106.39 |
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| 1. Net Sales/Income
from operations |
13,626.36 |
10,050.53 |
46,365.63 |
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| 2. Other Income |
0.91 |
11.37 |
93.21 |
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| 3. Total Income (1+2) |
13,627.27 |
10,061.90 |
46,458.84 |
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| 4. Expenditure : |
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| a. (Increase)/decrease in stock in trade |
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| and work in
progress |
(815.06) |
(21.02) |
(14.16) |
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| b. Consumption of Raw Materials |
9,198.27 |
5,741.51 |
24,779.93 |
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| c. Purchase of traded goods |
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659.16 |
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| d. Employees cost |
539.80 |
381.99 |
1,862.53 |
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| e. Depreciation |
396.88 |
358.31 |
1,512.99 |
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| f. Stores and spares |
1,519.02 |
1,710.39 |
7,107.49 |
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| g. Manufacturing expenses |
567.54 |
533.20 |
1,767.31 |
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| h. Other Expenditure |
398.89 |
465.24 |
2,479.56 |
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| Total Expenditure |
11,805.34 |
9,169.62 |
40,154.81 |
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| 5. Interest # |
889.44 |
186.31 |
2,302.59 |
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| 6. Profit/(Loss)
before tax (3)-(4+5) |
932.49 |
705.97 |
4,001.44 |
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| 7. Tax expense : |
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| - Current |
105.65 |
79.21 |
453.41 |
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| - MAT credit entitlement |
(105.65) |
(79.21) |
(453.41) |
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| - Deferred |
316.95 |
237.63 |
1,392.16 |
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| - Fringe benefit tax |
3.00 |
3.50 |
17.54 |
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| 8. Net Profit After Tax (6-7) |
612.54 |
464.84 |
2,591.74 |
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| 9. Paid-up equity share capital (Rs.10 each) |
3,976.36 |
3,976.36 |
3,976.36 |
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| 10. Reserves excluding revaluation reserves |
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7,179.70 |
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| 11. Earnings per share (EPS) in Rs. |
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| - Basic &
Diluted (not annualised) |
1.54 |
1.17 |
6.52 |
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| 12. Public shareholding |
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| - No. of shares |
21333708 |
19963656 |
21333708 |
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| - Percentage of
shareholding |
53.65% |
50.21% |
53.65% |
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| # Interest includes
exchange fluctuation on Foreign Currency Borrowings/Transactions. |
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| Notes:- |
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| 1) |
The above results were reviewed by the Audit Committee and taken on record by the Board of Directors
in their meeting held on 19th July, 2008. |
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| 2) |
The Company
has only "Pipes" as a significant reportable segment. |
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| 3) |
Details
of number of investors' complaints for the quarter ended 30th June, 2008: |
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Beginning -
Nil, Received -10, Disposed off -10, and Pending - Nil. |
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| 4) |
Figures of
the previous period/year have been regrouped wherever necessary. |
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| 5) |
The Auditors of the Company have carried out a Limited Review of
the aforesaid financial results for the quarter ended 30th June, 2008 in
terms of Clause 41 of the Listing Agreement with Stock Exchanges. |
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For Lanco
Industries Limited |
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| Place:Chennai |
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Mayank
Kejriwal |
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| Date
:19th July, 2008. |
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Managing
Director |
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