SWARAJ ENGINES 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 50.39 20.24 125.29
Other Income 0.04 - 0.25
Total Income  50.43 20.24 125.54
       
Expenditure      
a) (Increase) / Decrease in stock in trade and W.I.P. (0.65) (0.88) (0.44)
b) Consumption of Raw Materials 38.64 14.63 90.14
c) Employees cost 2.82 2.43 9.16
d) Depreciation 1.15 1.14 4.59
e) Other Expenditure 1.51 0.87 3.32
Total Expenditure 43.47 18.19 106.77
       
Profit Before Interest & Tax 6.96 2.05 18.77
       
Net Interest (0.89) (0.71) (3.27)
       
Profit Before Tax 7.85 2.76 22.04
       
Tax Expenses - Current 2.95 1.10 8.10
                         - Fringe Benefit 0.01 0.01 0.05
                         - Deferred (0.22) (0.17) (0.47)
                         - Total 2.74 0.94 7.68
       
Profit After Tax 5.11 1.82 14.36
       
Paid-up Equity Share Capital (Face Value Rs.10/-) 12.42 12.42 12.42
Reserves (excluding Revaluation Reserves ) - - 70.54
       
Basic / Diluted Earnings Per Share (not annualised) Rs. 4.11 Rs.1.50 Rs. 11.56
       
Public Shareholding      
  - Number of shares 6133403 6140820 6133403
  - Percentage of shareholding  49% 49% 49%

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's business activities relate to diesel engines, diesel engine components & spare parts and fall within a single primary business segment. As such, no separate segment reporting is required under Accounting Standard 17, issued by the Institute of Chartered Accountants of India. 

The Company did not have any investor complaints pending as on 1st April, 2008 and 30th June, 2008. There was one investor compliant received and disposed off within the said quarter.

Previous year figures have been regrouped / recast, wherever necessary.
for and on behalf of
the Board of Directors



(G. S. Rihal)
Managing Director