RICO AUTO INDUSTRIES LIMITED

Regd. Office : 69 KM Stone, Delhi - Jaipur Highway , Dharuhera, Distt. Rewari (Haryana)
Corp. Office : 38 KM Stone, Delhi - Jaipur Highway, Gurgaon - 122001 (Haryana) CIN:L34300HR1983PLC023187

UNAUDITED FINANCIAL RESULTS

FOR THE QUARTER AND HALF YEAR ENDED 30TH SEPTEMBER, 2015
(Rs. in Crores)
PART - I
Particulars

1.

Gross revenue

30.09.2015
Unaudited

Quarter ended
30.06.2015
30.09.2014
Unaudited
Unaudited

250.10

236.45

249.98

Half-year ended
30.09.2015 30.09.2014
Unaudited
Unaudited

Year ended
31.03.2015
Audited

486.55

479.95

943.90

Income from operations

2.

Net sales/ income from operations (net of excise duty)

- Domestic
- Export

3.

Other operating income

Total income from operations

219.45

209.52

215.61

428.97

411.09

801.68

165.44

155.83

164.57

321.27

314.63

609.04

54.01

53.69

51.04

107.70

96.46

192.64

7.46

6.86

7.25

14.32

15.82

52.05

226.91

216.38

222.86

135.40
15.04
(1.64)

143.97
0.81

115.32
(3.77)

21.42
8.93
10.76
24.90

21.17
9.31
9.63
23.56

214.81

426.91

853.73

279.37
15.04
(0.83)

222.25
(5.69)

433.30
2.78

27.36
16.10
27.30
37.41

42.59
18.24
20.39
48.46

55.37
32.26
51.10
64.80

116.90
64.22
94.59
137.28

208.45

219.72

423.26

420.09

849.07

12.10

7.93

3.14

20.03

6.82

4.66

5.76

4.71

9.55

10.47

18.95

18.53

17.86

12.64

12.69

30.50

25.77

23.19

6.50

5.95

15.17

12.45

26.94

46.97

9. Profit/ (loss) from ordinary activities after finance cost but

before exceptional items

11.36

6.69

(2.48)

18.05

(1.17)

(23.78)

10. Exceptional items { Income / ( Expenses) }

(0.57)

(0.63)

(1.08)

(1.20)

(2.56)

220.94

11. Profit/ (loss) from ordinary activities before tax

10.79

6.06

(3.56)

16.85

(3.73)

197.16

12. Tax expense/ ( Credit )

2.82

0.92

(1.50)

3.74

(0.94)

25.29

13. Net profit/ (loss) from ordinary activities after tax

7.97

5.14

(2.06)

13.11

(2.79)

171.87

4.

Expenses
a) Cost of materials consumed
b) Purchase of traded goods
c) Change in inventories of finished goods and
work-in-progress
d) Employee benefit expense
e) Depreciation and amortisation
f) Power and fuel
g) Other expenditure

Total expenses
5. Profit from operations before other income, finance cost and
exceptional items
6.

Other income

7. Profit from ordinary activities before finance cost and

exceptional items
8.

Finance cost

14. Extraordinary items (net of tax)

15. Net profit/ (loss) for the period
16. Paid-up equity share capital of Re.1/- each
17. Reserves excluding revaluation reserves as per balance sheet
of previous accounting year

443.29

7.97

5.14

(2.06)

13.11

(2.79)

171.87

13.53

13.53

13.53

13.53

13.53

13.53

428.97

18. Earning per Share (before and after extraordinary items, not
annualised)
- Basic ( Rs.)
- Diluted ( Rs.)

0.59
0.59

0.38
0.38

(0.16)
(0.16)

0.97
0.97

(0.21)
(0.21)

12.70
12.70

NOTE 1

(Rs. in Crores)

STATEMENT OF ASSETS AND LIABILITIES

STAND ALONE
PERIOD ENDED
30.09.2015
31.03.2015

CONSOLIDATED
PERIOD ENDED
30.09.2015
31.03.2015

13.53
452.25
465.78

13.53
437.47
451.00

3.69

3.66

103.25
12.62
1.84
13.06
130.77

87.65
11.63
1.11
11.57
111.96

80.77
146.94
64.54
34.89
327.14

58.45
140.68
76.06
36.59
311.78

927.38

878.40

I. EQUITY AND LIABILITIES

(1) SHAREHOLDERS' FUNDS
(a) Share Capital
(b) Reserve & Surplus

(2)

MINORITY INTEREST

(3)

NON-CURRENT LIABILITIES
(a) Long-Term Borrowings
(b) Deferred Tax Liabilities (net)
(c) Other Long-Term Liabilities
(d) Long-Term Provisions

(4)

385.35
0.50
48.04
84.13
0.30
518.32

398.72
0.28
34.19
66.85
0.05
500.09

32.61
122.51
162.25
5.82
71.26
14.61
409.06

48.50
108.60
146.58
5.40
58.81
10.42
378.31

927.38

878.40

CURRENT LIABILITIES
(a) Short-Term Borrowings
(b) Trade Payables
(c) Other Current Liabilities
(d) Short-Term Provisions

TOTAL
II. ASSETS
(1) NON-CURRENT ASSETS
(a) Fixed Assets
(i) Tangible Assets
(ii) Intangible Assets
(iii) Capital Work-in-Progress
(b) Non-Current Investments
(c) Long-Term Loans & Advances
(d) Other Non-Current Assets

(2)

CURRENT ASSETS
(a) Current Investments
(b) Inventories
(c) Trade Receivable
(d) Cash and Cash Equivalents
(e) Short-Term Loans & Advances
(f) Other Current Assets

TOTAL

13.53
441.71
455.24

13.53
428.97
442.50

102.38
12.43
1.46
6.30
122.57

86.19
11.51
1.11
5.90
104.71

78.88
149.18
45.36
34.14
307.56
885.37

55.40
122.53
65.53
33.73
277.19
824.40

289.28
36.44
136.87
62.20
0.26
525.05

299.06
0.13
26.55
111.87
67.70
505.31

29.11
50.51
180.39
3.12
85.06
12.13
360.32

45.00
45.43
143.34
0.82
74.63
9.87
319.09

885.37

824.40

UNAUDITED CONSOLIDATED FINANCIAL RESULTS OF

RICO AUTO INDUSTRIES LIMITED AND ITS SUBSIDIARIES AND JOINT VENTURE
FOR THE QUARTER AND HALF YEAR ENDED 30TH SEPTEMBER, 2015
(Rs. in Crores)

Particulars

30.09.2015
Unaudited

Quarter ended
30.06.2015
Unaudited

30.09.2014
Unaudited

Half year ended

30.09.2015
30.09.2014
Unaudited
Unaudited

Year ended
31.03.2015
Audited

1. Gross revenue
Income from operations
2. Net sales/ income from operations (net of excise duty)
- Domestic
- Export

267.49

275.09

435.62

542.58

837.95

1,519.18

235.90
221.36
14.54

245.40
230.15
15.25

378.35
356.41
21.94

481.30
451.51
29.79

724.42
690.51
33.91

1,299.45
1,228.94
70.51

3. Other operating income

Total income from operations

7.87
243.77

5.97
251.37

9.71
388.06

13.84
495.14

20.57
744.99

46.85
1,346.30

100.12
19.48
(4.66)
32.54
11.69

137.82
(5.47)
32.16
12.20

224.66
0.64
37.75
21.89

237.94
19.48
(10.13)
64.70
23.89

441.16
(1.84)
75.50
43.90

791.82
(2.73)
150.78
84.60

28.55
41.44

25.31
39.83

31.85
57.77

53.86
81.27

59.94
104.46

111.18
198.26

229.16

241.85

374.56

471.01

723.12

1,333.91

14.61

9.52

13.50

24.13

21.87

12.39

5.28

3.21

8.00

8.49

15.66

32.43

19.89

12.73

21.50

32.62

37.53

44.82

6.66

6.24

17.22

12.90

30.57

52.76

4.

Expenses
a) Cost of materials consumed
b) Purchase of traded goods
c) Change in inventories of finished goods and work-in-progress
d) Employee benefit expense
e) Depreciation and amortisation
f) Power and fuel
g) Other expenditure

Total expenses
5. Profit from operations before other income, finance cost and
exceptional items
6.

Other income

7.

Profit from ordinary activities before finance cost and exceptional items

8.

Finance cost

9. Profit/ (loss) from ordinary activities after finance cost but before
exceptional items

13.23

6.49

4.28

19.72

6.96

10. Exceptional items { Income / ( Expenses) }

(0.57)

(0.63)

(1.18)

(1.20)

(2.64)

194.49

11. Profit/ (loss) from ordinary activities before tax (9+10)

186.55

(7.94)

12.66

5.86

3.10

18.52

4.32

12. Tax expense/ ( Credit )

3.25

1.53

1.41

4.78

3.91

32.93

13. Net profit/ (loss) from ordinary activities after tax

9.41

4.33

1.69

13.74

0.41

153.62

(0.01)

0.05

9.42

4.28

1.69

13.70

0.41

153.43

13.53

13.53

13.53

13.53

13.53

13.53

437.47

14. Minority Interest

15. Net profit/ (loss) for the period
16. Paid-up equity share capital of Re.1/- each
17. Reserves excluding revaluation reserves as per balance sheet of
previous accounting year
18. Earning per Share (before and after extraordinary items, not
annualised)
- Basic ( Rs.)
- Diluted ( Rs.)

0.69
0.69

0.32
0.32

0.12
0.12

0.04

1.01
1.01

0.03
0.03

0.19

11.34
11.34

The Consolidated Financial Results include Results of the following Companies:

% Shareholding & voting power of Rico
Auto Industries Ltd.

Nature of Interest

1. Rico Auto Industries Inc. USA

100%

Subsidiary

2. Rico Auto Industries (UK) Limited

Name of the Company

100%

Subsidiary

3. Uttarakhand Automotives Limited

100%

Subsidiary

4. AAN Engineering Industries Limited

100%

Subsidiary

5. Rico Investments Limited *

6. Magna Rico Powertrain Private Limited

92.56%

Subsidiary
Joint Venture

50%
* Rico Investments Limited has further three subsidiaries namely, Rasa Autocom Limited, Rico Jinjei Wheels Limited and Rico Aluminium and Ferrous Auto Components
Limited.