SHRIRAM EPC LIMITED Registered Office: No.5, T.V. Street, Chetpet, Chennai - 600 031.

www.shriramepc.com
 
 
Unaudited Financial Results for the quarter ended June 30, 2008 (standalone)
 
    Quarter Ended Quarter Ended Year Ended
    Unaudited Unaudited Unaudited
    June 30, 2008 June 30, 2007 March 31, 2008
1. Net Income from sales / services

16,131.76

 5,021.95 64,629.93
2. Other Income         43.77    121.94       289.26
3. Total Income (1+2) 16,175.53 5,143.89 64,919.19
4. Total Expenditure:      
  a) Accretion / Decretion to Stock in Trade & Work in progress (1,425.17) (2,066.31) (2,063.08)
  b) Consumption of Raw Materials 15,198.71 6,287.92 57,008.78
  c) Employee Cost      456.91    298.21   1,595.15
  d) Depreciation       118.97      34.20      278.73
  e) Other Expenditure      384.37    225.58   1,453.38
 

Total   

14,733.79 4,779.60 58,272.96
5. Gross Profit / (Loss)   1,441.74    364.29   6,646.23
6. Interest (Net)      308.74    193.41   1,165.33
7. Exceptional Items         -       -        -
8. Profit / (Loss) before Taxation from Ordinary Activities   1,133.00    170.88         5,480.90
9. Provision for Taxation / Tax Expenses      398.66      30.00    1,941.04
10. Net Profit / (Loss) after Taxation from Ordinary Activities      734.34    140.88   3,539.86
11. Extraordinary Items (net of Tax Expenses)         -       -        -
12. Net Profit (Loss) for the period      734.34    140.88   3,539.86
13. Paid up Equity Share Capital (Face value of Rs. 10 per equity share)   4,312.95 3,786.78   4,286.78
14. Reserves         -       - 29,651.22
15. Earnings per Share (EPS) - Basic          1.71        0.70        10.57
  Earnings per Share (EPS) - Diluted         -        0.37          8.71
16. Public Shareholding      
  - Number of Shares 2,46,71,133   2,44,09,436
  - Percentage of Shareholding           57.20             56.94
 
 
Segment Reporting under Clauses 41 of the Listing Agreement with Stock Exchange for the quarter ended June 30, 2008 (standalone)
 
    Quarter Ended Quarter Ended Year Ended
1. Segment Revenue : Unaudited Unaudited Unaudited
(Net Sales / Income from each Segment Gross of Excise) June 30, 2008 June 30, 2007 March 31, 2008
  a) Contracts

16,095.76

 4,241.95 52,089.30
  b) Windmill        36.00    780.00 12,540.63
Sub-Total 16,131.76 5,021.95 64,629.93
Less : Intersegmental Revenue         -       -        -
  Net Sales / Income from Operations 16,131.76 5,021.95 64,629.93
2. Segment Results : (Profit (+) / Loss (-) before Tax and Interest from each segment)      
  a) Contracts   2,353.12    600.68   8,834.71
  b) Windmill          5.10    199.66      849.52
Sub-Total   2,358.22    800.34   9,684.23
  Less : (I) Interest (net)      308.74    193.41   1,165.33
           (II) Other un-allocable expenditure net of un-allocable income      916.48    436.05   3,038.00
  Total Profit Before Tax   1,133.00    170.88   5,480.90
3. Capital Employed (Segment Assets - Segment Liabilities)      
  a) Contracts

16,095.76

 4,241.95 52,089.30
  b) Windmill        36.00    780.00 12,540.63
Sub-Total
 16,131.76 5,021.95 64,629.93
 
 
1.  The results were reviewed by the Audit Committee of the Board on 28th JulyZ005snd approved by the Scent of Directors at their meeting held on 29th July2008. The standalone
      results for the quarter ended 30th June 2008 have been subjected to a Limited Review by the Statutory Auditors.
2.  The standalone results for the quarter ended 30th June, 2007 have not been subjected to Limited Review by the Statutory Auditors.
3.  The Earning Per Share (EPS) has been computed in accordance will, the Accounting Standard (AS 20) on ‘Earning Per Shams’ issued by ICAI. The EPS has been computed with
      reference to weighted average number of equity shame outstanding during the quarter / year.
4.  The status of complaints received from Investors and redressalthemofdurtngthequerterendedJune30, 2008 is as follows:
     Complaints pending at the beginning of the quarter                Complaints received during the quarter               Complaints resolved during the quarter              Complaints pending at
                                                                                                                                                                                                                                                                                 the end of the quarter
                                NIL                                                                                                     16                                                                        16                                                                       NIL
5.  The Company has Instituted two Employees Stock Options Schemes, viz - Shriram EPC Employee Stock Option Scheme, 2006 and Shriram EPC Employee Stock Option Scheme,
      2007. Pursuant to the exercise of options under the 2006 Scheme- 2,61,697 Shares were allotted during the quarter to the eligible employees.
6.  Out of Ra. 76620 lath of IPO proceeds; Pa. 67.68 lath has been spent till June 30, 2006 as expenditure towards purchase of capital equipments of pipe rehabilation on projects, .
     The hinds raised for other objects through IPO proceeds have been fully utilised for the purposes stated In the offer document
7.  Subject to Shareholders’ approval and based upon Board approval, on 16th May2008, the Company proposes to transfer the business of 250 KW Wind Turbines inducing assets
      net of liabilities to the tune of Rs. 209.30 lakh end Rs. 1,19024 lakh’ (including stocks of Rs. 135.lakh and Rs.l,015.8slskh) with effect from 1st April, 2008 to its subsidiary company-
     Shriram, Leitwind Limited and associate company - Leitnar Shriram Manufacturing Limited. The above results include a profit of Rs. 5.10 lakhs from discontinuing operations.
8.  Figures of the previous periods have been regrouped & reclassified wherever necessary in order to conform to current year classification.
       

Place: Chennai
Date: 29th July2003

   

For Shriram EPC Limited
Sd/-
T.Shivaraman
Managing Director