Swaraj Enterprises: Swaraj Mazada First Quarter Report

SWARAJ AUTOMOTIVES LIMITED

Regd. Office : Phase IV, S.A.S.Nagar-160 055, Punjab

UNAUDITED FINANCIAL RESULTS (PROVISIONAL) FOR THE

FIRST QUARTER ENDED 30TH JUNE, 2008

			(Rs. Crores)
Particulars	Unaudited		Audited
	Quarter Ended		Year Ended
	30.06.2008	30.06.2007	31.03.2008

Net Sales / Income from Operations	18.48	15.87	67.75

Expenditure
a) (Increase) / Decrease in Stock in Trade	0.05	(0.84)	(1.01)
and WIP
b) Consumption of Raw Materials	12.42	12.14	48.58
c) Employees cost	1.94	1.84	7.30
d) Depreciation	0.23	0.19	0.85
e) Other Expenditure	1.04	0.89	3.99
Total Expenditure	15.68	14.22	59.71

Profit Before Interest & Tax	2.80	1.65	8.04

Net Interest	(0.01)	-	(0.20)

Profit Before Tax	2.81	1.65	8.24

Tax Expenses - Current	0.96	0.55	2.84
- Fringe Benefit	0.01	0.02	0.03
- Deferred	(0.03)	(0.01)	(0.02)
- Total	0.94	0.56	2.85

Profit After Tax	1.87	1.09	5.39

Paid-up Equity Share Capital (Face Value Rs.10/-)	2.40	2.40	2.40
Reserves (excluding Revaluation Reserves )	-	-	11.69

Basic / Diluted Earnings Per Share	7.80	4.54	22.48
(not annualised)

Public Shareholding
- Number of shares	1266440	1674242	1266450
- Percentage of shareholding	53%	70%	53%

The above results have been subjected to a 'Limited Review' by Auditors of the Company and were approved by the Board of Directors in their meeting held at New Delhi on 21st July, 2008.

The Company is primarily engaged in the business of Automobile Parts. As the basic nature of these activities are governed by same set of risk and returns, these have been grouped as single segment in above disclosure as per Accounting Standard 17 dealing with "Segment Reporting".

The Company did not have any investor complaints pending as on 1st April, 2008 and 30th June, 2008. No investor complaint was received during the said quarter.

Previous year figures have been regrouped / recast, wherever necessary.

for and on behalf of
the Board of Directors

Anjanikumar Choudhari
Chairman