:: Pennar Industries Ltd. ::

	FINANCIAL RESULTS

UNAUDITED FINANCIAL RESULTS ( PROVISIONAL )
FOR THE QUARTER ENDED 31.03.2008

						Rs.InMillions
S.No	Particulars	Quarter ended 31.03.2008 ( Unaudited )	Quarter ended 31.03.2007 ( Unaudited )	12 Months ended 31.03.2008 ( Unaudited )	12 Months ended 31.03.2007 ( Unaudited )	8 mths period ended 31.03.2007 ( Audited )
1	Gross Sales	183.99	152.60	641.70	560.11	384.60
	Less : Excise Duty	22.95	19.93	80.80	71.68	49.08
2	Net Sales	161.04	132.67	560.90	488.43	335.52

3	Other Income	0.12	0.05	0.27	0.20	0.21

4	Total Income	161.16	132.72	561.17	488.63	335.73

5	Total Expenditure
a	Increase / decrease in stock in trade	(2.61)	0.46	(7.75)	(3.50)	(0.44)
b	Consumption of Raw Material	116.27	96.37	408.19	356.93	243.66
c	Staff Cost	2.97	2.90	12.58	10.90	7.57
d	Depreciation	2.14	1.95	8.37	7.54	4.88
e	Other Expenditure	25.57	18.33	82.45	73.40	49.84
		144.34	120.01	503.84	445.27	305.51

6	Earnings before Interest & Tax ( E B I T )	16.82	12.71	57.33	43.36	30.22

7	Interest	2.23	5.09	16.14	16.61	11.38

8	Profit before Tax ( P B T )	14.59	7.62	41.19	26.75	18.84

9	Deferred Tax Liability	2.12	0.00	5.96	0.00	3.85
	M A T	2.24	0.00	4.64	0.00	0.00
	Fringe Benefit Tax	0.05	0.03	0.14	0.11	0.12

10	Profit after Tax ( P A T )	10.18	7.59	30.45	26.64	14.87

11	Paid up Equity Share Capital ( Face value of Rs. 5/- per equity share )	63.24	46.18	63.24	46.18	46.18

12	Reserves excluding revaluation reserves	75.55	40.89	75.55	40.89	40.89

13	Basic Cash Earnings per Share	4.79	4.44	4.52	4.09	4.18
	Diluted Cash Earnings per Share	4.79	3.60	4.52	3.34	3.41

14	Basic Earnings per Share	3.35	3.50	3.05	3.16	2.63
	Diluted Earnings per Share	3.35	2.51	3.05	2.25	2.31

15	Aggregate of Non-Promoters Shareholding
	- Number of Shares	82,514,373	4,80,44,373	82,514,373	4,80,44,373	4,80,44,373
	- Percentage of Shareholding	65.24	52.02	65.24	52.02	52.02

SEGMENTWISE REVENUE, RESULTS AND CAPITAL EMPLOYED FOR
FOR THE QUARTER ENDED 31.03.2008

Rs.InMillions

S.No

Particulars

Quarter
ended
31.03.2008
( Unaudited )

Quarter
ended
31.03.2007
( Unaudited )

12 Months
ended
31.03.2008
( Unaudited )

12 Months
ended
31.03.2007
( Unaudited

8 months
period ended
31.03.2007
( Audited )

SEGMENT REVENUE - Gross

Formed Products & Components

108.91

78.61

344.40

276.40

195.39

Cold Rolled Products

75.07

73.99

297.29

283.71

189.21

183.98

152.60

641.69

560.11

384.60

SEGMENT REVENUE - Net

Formed Products & Components

95.53

68.54

302.32

241.82

170.74

Cold Rolled Products

65.51

64.13

258.58

246.61

164.78

161.04

132.67

560.90

488.43

335.52

III

SEGMENT RESULTS

Profit before Interest, Depreciation and Tax for -

Formed Products & Components

14.05

10.43

45.55

34.02

25.01

Cold Rolled Products

4.91

4.23

20.15

16.88

10.09

Total

18.96

14.66

65.70

50.90

35.10

Less : Interest

2.23

5.09

16.14

16.61

11.38

Depreciation

2.14

1.95

8.37

7.54

4.88

Total Profit before Tax

14.59

7.62

41.19

26.75

18.84

CAPITAL EMPLOYED

235

212

235

212

Notes

The above financial results were taken on record at the Meeting of the Board of Directors held on 23.04.2008.

The above results are subject to Limited Review by the Statutory Auditors.

Since the deployment of resources is interchangeble within the two segments, identification of Segment wise Capital Employed is not feasible.

Previous figures have been regrouped or reclassified, wherever necessary.

No Investor complaints were pending neither at the beginning nor at the end of the quarter. No complaints were
received during the said quarter.

	By order of the Board
Place : Hyderabad Date : 23.04.2008	Ch. Anantha Reddy Executive Director

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