SRIL - Un-Audited Balance Sheet as on 30-06-2007

S.R. INDUSTRIES LIMITED
Regd. Office : Village Kuranwala, Barwala Road
Derabassi, Distt. S.A.S Nagar, Mohali (Pb.)
UNAUDITED FINANCIAL RESULTS (PROVISIONAL) FOR THE QUARTER ENDED JUNE 30, 2007
(Rs. in lacs)
            QUARTER  ENDED QUARTER  ENDED YEAR ENDED
  PARTICULARS   30.06.2007 30.06.2006 31.03.2007
            (UNAUDITED) (UNAUDITED) (AUDITED)
                 
1 NET SALES/INCOME FROM OPERATIONS 825.52 927.67 3848.39
2 OTHER INCOME  67.10 31.69 174.31
3 TOTAL EXPENDITURE      
  a) (INCREASE)/DECREASE IN STOCK IN TRADE (95.11) 41.09 (129.28)
  b) CONSUMPTION OF RAW MATERIALS & STORES 608.38 522.74 2505.96
  c) POWER & FUEL 69.73 67.51 287.82
  d) STAFF COST 67.83 54.36 268.64
  e) SELLING EXPENSES 44.33 49.54 230.27
  f) OTHER EXPENDITURE 65.96 55.87 331.95
4 INTEREST & OTHER FINANCIAL EXPENSES 44.28 27.49 147.52
5 DEPRECIATION 83.78 56.80 292.51
6 PROFIT(+)/LOSS(-) FOR THE YEAR/PERIOD (1+2-3-4-5) 3.44 83.96 87.30
7 EXPENSES RELATING TO PREVIOUS YEARS - - 1.69
8 NET PROFIT(+)/LOSS (-)  (6+7-8) 3.44 83.96 85.61
9 PROVISION FOR TAXATION      
   - CURRENT TAXES 0.36 7.07 9.10
   - DEFERRED TAXES - - 68.20
   - FRINGE BENEFIT TAX 0.65 1.00 6.00
10 NET PROFIT(+) AFTER TAXATION  (9-10) 2.43 75.89 2.31
11 PAID-UP EQUITY SHARE CAPITAL 1192.22 1133.11 1192.22
12 RESERVES (EXCLUDING REVALUATION RESERVES) 155.21 128.61 155.21
13 EARNING PER SHARE ( NOT ANNUALISED) (Rs.)       
  - BASIC 0.02 0.67 0.02
  - DILUTED 0.02 0.64 0.02
14 AGGREGATE OF NON-PROMOTER SHAREHOLDING      
   - NUMBER OF SHARES 8279900 8279900 8279900
   - PRECENTAGE OF SHAREHOLDING 69.29 72.89 69.29
                 
NOTE :- (i) No complaint was pending at the beginning and at the end of  the quarter. During the quarter ended June 30, 2007 six complaints were received which were promptly attended to.
(ii) The above results were taken on record by the Board of Directors at its meeting held on July 30, 2007.
(iii) The Limited Review by the Auditors as required under Clause 41 of the Listing Agreement has been carried out. 
(iv) The Company has substantial unabsorbed depreciation and carried forward losses under the Income Tax Act, 1961, hence, the provision, if any for the deferred tax liability will be made at the year end.
For S.R.INDUSTRIES LTD.
sd/-
Place  : Chandigarh  R.C.MAHAJAN
Date   : July 30, 2007 MANAGING DIRECTOR
Weaving together the fabric of success ................