Hindustan Motors
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FINANCIAL RESULTS
Report - Annual
Audited Financial results for the Year ended 31st March, 2006.
(Rupees in Lacs)
  Particulars Hindustan Motors Limited Consolidated
6 Months ended 31.12.05 Quarter ended 31.03.06 Quarter ended 31.03.05 9-months period ended 31.03.06
(Audited)
15-months period ended 30.06.05
(Audited)
9-months period ended 31.03.06
(Audited)
15-months period ended 30.06.05
(Audited)
1 Net Sales/Income from Operations 23647  19032  26960  42679  104864  42925  105062
2 Other Income 955  466  629  1421  20650  1416  20649
3 Total Expenditure
  a) Consumption of raw materials 18346  14134  19509  32480  69744  32491  69805
b) (Increase)/ Decrease in stock (77)  219  (71)  142  1720  142  1720
c) Staff Cost 3393  1690  2809  5083  13531  5164  13658
d) Prior Period Items - - - - 2932  - 2932
e) Other Expenditure 4390  3025  3656  7415  17360  7624  17473
26052  19068  25903  45120  105287  45421  105588
4 Interest 585  299  956  884  4834  875  4810
5 Depreciation 1198  602  1025  1800  5106  1803  5110
6 Profit (+) / Loss (-) before Tax (1+2-3-4-5) -3233  -471  -295  -3704  10287  -3758  10203
7 Provision for Tax        
  a) Current Tax 575  57  579  9
b) Deferred Tax - 4129   - 4132
c) Wealth Tax 8
d) Fringe Benefit Tax 56  27  83  30  84  30
8 Net Profit (+) /Loss (-) (6-7) -3295  -1074  -297  -4369  6120  -4428  6024
9 Paid-up Equity Share Capital * (Face Value = Rs.10) 16117  16117 16117 16117 16117 16117 16117
10 Reserves (excl. Revaluation Reserves) 336 448 336 448
11 Basic/Diluted Earnings per share (Rs.) -2.04  -0.67  -0.18  -2.71  3.80  -2.75  3.74
12 Aggregate of Non-Promoter Shareholding      
   - No. of shares 114027969  114027969  113925428  114027969  113939973    
   - Percentage of shareholding 70.75%  70.75%  70.69%  70.75%  70.69%    
  *Excluding amount paid in respect of forfeited shares
Notes: 
1 The above results have been reviewed by the Audit Committee and taken on record by the Board of Directors at their respective meetings held on 27th April 2006. 
2 The figures for the corresponding periods in the previous year, are not comparable with the current period’s figures due to the following reasons:
  1. The current financial year started on 1st July 2005 and thus, the cumulative figures are for the nine months period ended 31st March’06, whereas the figures for the corresponding period are for fifteen months ended 30th June’05.
  2. Figures pertaining to the different periods of the previous year are inclusive of Power Unit Plant and Power Products Division, which have been sold to AVTEC Limited on 28th June 2005.
3 As in the past, the company has not provided against certain doubtful debts, claims and advances, as it is hopeful of recovering these amounts. The above matter was referred to by the auditors in their report for the period ended 30th June 2005.
4 Other income includes Rs.759 Lacs (Rs.269 Lacs for the current quarter) being profit on sale of immovable property and investments for the nine months period ended 31st March’06. 
5 Prior period figures have been re-grouped/rearranged, wherever necessary. 
6 In view of book profit for the period from 1st April 2005 to 31st March 2006, Minimum Alternate Tax as per Section 115 JB of Income Tax Act, 1961 is provided for as Current Tax.
7 Number of Investor complaints:
  1. Pending at the beginning of this quarter – 4, 
  2. Received during the quarter – 32, 
  3. Disposed off during the quarter – 30, 
  4. Lying unresolved at the end of the quarter – 6.
Segment-wise Revenue, Results and Capital Employed

(Rupees in Lacs)

Particulars                            Hindustan Motors Limited
6-months ended 31.12.05 Quarter ended 31.03.06  Quarter ended 31.03.05  9-months period ended 31.03.06 (Audited)  15-months period ended 30.06.05 (Audited)
Segment Revenue (Net Sales)
a) Automobiles 23627  19025  23359  42652  89294
b) Automatic Transmissions 3597  15479
c) Others 20  27  91
Total 23647  19032  26960  42679  104864
Less :Inter Segment Revenue - - - - -
Total net sales/income from operations 23647  19032  26960  42679  104864
Segment Results
Profit(+)/Loss(-) before Interest & Taxes
a) Automobiles -2476  -204  -40  -2680  3103
b) Automatic Transmissions 809  8436
c) Others -73  -48  -38  -121  -155
Total -2549  -252  731  -2801  11384
Less :Interest 585  299  956  844  4834
Less: Unallocable Expenses, Net of unallocable income 99 -80 70 19 -3737
Profit(+)/Loss(-) before tax -3233  -471  -295  -3704  10287
Capital Employed for reportable segments (As at the end of the Period)
a) Automobiles 17166  17993  31458  17993  23517
b) Automatic Transmissions 7344 
c) Others 158  149  114  149  288
Capital Employed in reportable segments 17324  18142  38916  18142  23805
The products covered in the reportable business segments are as follows: -
Automobiles Passenger Cars, Utility Vehicles, Components & Accessories.
Transmissions Automatic Powershift Transmissions & Components thereof for off highway and on highway applications (sold to AVTEC Limited in June’05).
Others Remote Services Division engaged in Engineering Services.
New Delhi 
Dated: 27th April 2006
By Order of the Board

R. Santhanam
Managing Director