SRIL - Un-Audited Balance Sheet as on 30-09-06

S.R. INDUSTRIES LIMITED
Regd. Office : Village Kuranwala, Barwala Road
Derabassi, Distt. Mohali (Pb.)
UNAUDITED FINANCIAL RESULTS (PROVISIONAL) FOR THE HALF YEAR/QUARTER ENDED SEPTEMBER 30, 2006
(Rs. in lacs)
      QUARTER  QUARTER  HALF YEAR HALF YEAR YEAR 
  PARTICULARS ENDED ON ENDED ON ENDED ON ENDED ON ENDED ON
  30.09.2006 30.09.2005 30.09.2006 30.09.2005  31.03.2006
      (UNAUDITED) (UNAUDITED) (UNAUDITED) (UNAUDITED) (AUDITED)
               
1 NET SALES/INCOME FROM OPERATIONS 1013.11 1068.76 1940.78 1854.24 3730.40
2 OTHER INCOME  33.90 33.00 65.59 44.36 124.08
3 TOTAL EXPENDITURE          
  a) INCREASE(-)/DECREASE(+) IN STOCK IN TRADE (76.48) (14.75) (35.39) 51.16 (163.35)
  b) CONSUMPTION OF RAW MATERIALS & STORES 701.55 680.61 1224.29 1095.39 2471.68
  c) POWER & FUEL 76.20 72.13 143.71 123.89 231.10
  d) STAFF COST 62.80 55.58 117.16 102.41 208.93
  e) SELLING EXPENSES 44.47 39.27 94.01 70.98 175.09
  f) OTHER EXPENDITURE 90.59 56.05 146.46 96.49 237.23
4 INTEREST & OTHER FINANCIAL EXPENSES 37.89 26.66 65.38 44.59 114.43
5 DEPRECIATION 80.84 57.25 137.64 112.92 227.89
6 PROFIT(+)/LOSS(-) FOR THE PERIOD (1+2-3-4-5) 29.15 128.96 113.11 200.77 351.48
7 EXPENSES RELATING TO PREVIOUS YEARS - - - - 2.34
8 PROFIT(+)/LOSS(-) BEFORE TAX (6+7-8) 29.15 128.96 113.11 200.77 349.14
9 PROVISION FOR TAXATION          
   - CURRENT TAXES 2.45 10.85 9.52 16.89 29.00
   - DEFFERED TAXES - - - 9.40 (6.00)
   - FRINGE BENFIT TAX 1.20 1.15 2.20 1.15 4.69
10 PROVISION FOR TAX NOT REQUIRED - - - - (13.50)
10 NET PROFIT(+)/LOSS (-)  (9-10) 25.50 116.96 101.39 173.33 334.95
11 PAID-UP EQUITY SHARE CAPITAL 1133.11 1133.10 1133.11 1133.10 1133.11
12 RESERVES (EXCLUDING REVALUATION RESERVES) 145.75 128.61 145.75 128.61 128.61
13 EARNING PER SHARE (Rs.) 0.22 1.03 0.89 1.53 2.95
14 AGGREGATE OF NON-PROMOTER SHAREHOLDING          
   - NUMBER OF SHARES 8279900 7553900 8279900 7553900 8279900
   - PRECENTAGE OF SHAREHOLDING 72.89 66.50 72.89 66.50 72.89
               
NOTE :- (i) The company has substantial unabsorbed depreciation and carried forward business losses under the Income Tax Act 1961. However, income tax provision for MAT has been made.
(ii)  During the quarter ended September 30, 2006 nine complaints were received, which were promptly attended by the Company/RTA. No complaint is pending either at the beginning or at the end of the quarter.
(iii)  The above results were taken on record by the Board of Directors at its meeting held on October 25, 2006.
(iv)  The Limited Review by the Auditors as required under Clause 41 of the Listing Agreement has been carried out. 
For S.R.INDUSTRIES LTD.
SD/-
Place  : Derabassi R.C.MAHAJAN
Date   : October 25, 2006 MANAGING DIRECTOR
Weaving together the fabric of success ................