| USHA INTERNATIONAL LIMITED |
| Regd. Office :19, Kasturba Gandhi Marg,New Delhi-110001 |
| AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 31ST MARCH ' 2007 |
|
LAC/RS |
| PARTICULARS |
NINE MONTHS ENDED (UNAUDITED) |
THREE MONTHS ENDED (UNAUDITED) |
ACCOUNTING YEAR ENDED (AUDITED) |
CONSOLIDATED ACCOUNTING YEAR ENDED (AUDITED) |
| 31.12.2006 |
31.03.2007 |
31.03.2006 |
31.03.2007 |
31.03.2006 |
31.03.2007 |
31.03.2006 |
| 1.Net Sales/Agency Commission Less: Excise duty |
38640 |
16337 |
13411 |
54977* |
44293* |
62760** |
51179** |
| 155 |
79 |
68 |
234 |
149 |
1740 |
1483 |
| Net Sales/ Agency Commission |
38485 |
16258 |
13343 |
54743 |
44144 |
61020 |
49696 |
| 2. Other Income |
114 |
161 |
104 |
275 |
173 |
447 |
461 |
| 3. Total |
38599 |
16419 |
13447 |
55018 |
44317 |
61467 |
50157 |
| 4. Expenditure |
|
|
|
|
|
|
|
| a.Increase/Decrease in Stock in Trade |
-1183 |
126 |
-459 |
-1057 |
-662 |
-625 |
-823 |
| b.Consumption of Raw Materials (Purchases) |
28814 |
11534 |
9862 |
40348 |
31659 |
41508 |
32622 |
| c.Trade Discounts |
4082 |
1622 |
1330 |
5704 |
5136 |
5981 |
5338 |
| d.Staff Cost |
2137 |
671 |
626 |
2808 |
2463 |
4126 |
3810 |
| e.Other Expenditure |
3591 |
1347 |
1089 |
|
4096 |
7106 |
6584 |
| f.Total |
37441 |
15300 |
12448 |
52741 |
42692 |
58096 |
47531 |
| 5.Interest |
-157 |
-113 |
-154 |
-270 |
-331 |
-11 |
-27 |
| 6.Gross Profit (3-4-5) |
1315 |
1232 |
1153 |
2547 |
1956 |
3382 |
2653 |
| 7.Depreciation |
230 |
93 |
68 |
323 |
275 |
545 |
445 |
| 8.Profit before Tax (6-7) |
1085 |
1139 |
1085 |
2224 |
1681 |
2837 |
2208 |
| 9.Provision for Taxation- Income Tax |
372 |
352 |
343 |
724 |
550 |
909 |
725 |
| - Fringe Benefit Tax |
31 |
24 |
38 |
55 |
80 |
73 |
88 |
| - Deferred Tax |
-15 |
32 |
22 |
17 |
14 |
26 |
27 |
| 10.Net Profit before minority interest (8-9) |
697 |
731 |
682 |
1428 |
1037 |
1829 |
1368 |
| 11Minority Interest |
- |
- |
- |
- |
- |
199 |
63 |
| 12.Net Profit (10-11) |
697 |
731 |
682 |
1428 |
1037 |
1630 |
1305 |
| 13. Paid up Equity Share Capital (Face value of Rs. 10 /- each) |
228 |
228 |
228 |
228 |
228 |
228 |
228 |
| 14. Reserves excluding Revaluation & Capital Reserves |
6542 |
5705 |
5934 |
4450 |
| 15. Earning Per Share- Basic / Diluted (Rs.) |
30.61 |
32.15 |
29.92 |
62.76 |
45.54 |
71.60 |
57.35 |
| 16. Aggregate of Non-Promoters Shareholding |
| - Number of Shares (Lac/Nos.) |
11.23 |
11.23 |
11.24 |
11.23 |
11.24 |
11.23 |
11.24 |
| - Percentage of holding (to total holding) |
49.36% |
49.36% |
49.40% |
49.36% |
49.40% |
49.36% |
49.40% |
| I Segment Revenue (Net Sales / Agency Commission) |
| a)Consumer Durables |
31413 |
13684 |
11037 |
45097 |
37157 |
56703 |
48576 |
| b)Engines , Pumpsets & Motors |
5618 |
1963 |
1780 |
7581 |
5215 |
7601 |
5215 |
| c)Auto Products |
1401 |
596 |
503 |
1997 |
1681 |
5992 |
5323 |
| d)Others |
53 |
15 |
23 |
68 |
91 |
81 |
91 |
| |
38485 |
16258 |
13343 |
54743 |
44144 |
70377 |
59205 |
| Less:Inter-segment revenue |
- |
- |
- |
- |
- |
9357 |
9509 |
| TOTAL |
38485 |
16258 |
13343 |
54743 |
44144 |
61020 |
49696 |
| II Segment Results (Profit)(+) / loss (-) before |
| Unallocable Expenditure/Depreciation ,Interest & Tax |
| a) Consumer Durables |
2624 |
1614 |
1386 |
4238 |
3475 |
4453 |
3671 |
| b) Engines , Pumpsets & Motors |
214 |
122 |
99 |
336 |
227 |
336 |
227 |
| c) Auto Products |
73 |
97 |
65 |
170 |
158 |
832 |
797 |
| d) Others |
33 |
-4 |
9 |
29 |
29 |
29 |
29 |
| |
2944 |
1829 |
1559 |
4773 |
3889 |
5650 |
4724 |
| LESS:I. Interest |
-157 |
-113 |
-154 |
-270 |
-331 |
-11 |
-27 |
| ii.Un-allocable Expenditure / Depreciation (net of |
2016 |
803 |
628 |
2819 |
2539 |
2824 |
2543 |
| unallocable income) |
|
|
|
|
|
|
|
| Total Profit Before Tax |
1085 |
1139 |
1085 |
2224 |
1681 |
2837 |
2208 |
| III Segmentwise Capital Employed |
| a) Consumer Durables |
7230 |
6359 |
5954 |
6359 |
5954 |
6654 |
4850 |
| b) Engines , Pumpsets & Motors |
-57 |
289 |
238 |
289 |
238 |
295 |
238 |
| c) Auto Products |
232 |
187 |
190 |
187 |
190 |
2133 |
1854 |
| d) Others |
99 |
92 |
78 |
92 |
78 |
97 |
78 |
| TOTAL |
7504 |
6927 |
6460 |
6927 |
6460 |
9179 |
7020 |
| |
| *Net Sales/Agency Commission excludes sales of Rs. 118.7 Crores by Principals against orders booked by the Company ( Last year Rs. 104.6 Crores). |
| |
**Net Sales/Agency Commission excludes sales of Rs 30.4 Crores by Principals against orders booked by the Company (Last year Rs. 24.7 Crores.) |
| |
|
| |
Includes a sum of Rs. 223 Lacs paid to a consultancy firm for designing strategic business plans for the Company. |
| |
|
Notes |
1.The Board of Direcotors have recommended Dividend @ 225 % including interim dividend of 125 % on Equity Share Capital for the year ended on 31.03.2007. |
| |
2.The figures of the Previous Year have been regrouped whereever necessary to make them correspond with Current Year. |
| |
3.The above Financial Results have been taken on record by the Board at its meeting held on 25.05.2007. |
| |
4.Shareholders Complaints : |
| |
|
|
Pending as on 01.01.2007 |
Received during the quarter |
Resolved during the quarter |
Pending as on 31.03.2007 |
NIL |
2 |
2 |
NIL |
|
| |
|
| Place : |
On Behalf of the Board |
| Gurgaon |
SUNIL WADHWA |
| Date : 25.05.2007 |
Managing Director |
