ELGI EQUIPMENTS LIMITED = RESULTS FOR = Q1 FY 2012 (Q/E JUNE 2011) = NPT DOWN 10.43% YoY

Elgi Equipments Limited

NSE Symbol        ELGIEQUIP

ELGI EQUIPMENTS has declared lack luster results (Stand Alone) for the first quarter of FY 2012 ending June 2011.

Net Sales stands at Rs.180.74 cr – up by 5.29% from the corresponding quarter of Q1 FY 2011.

Total Expenditure has increased more than proportionately to Revenue and stands at Rs.160.67 Cr - up by 9.07% from Q1 FY 2011.

Consequently, Profit from Operations at Rs. 20.37 cr is down by 18.05% from Q1 FY 11.

Profit  before tax at Rs.23.59 cr – is down by 11.8% from Q1 FY 11.

Net Profit  at Rs.16.62 Cr is down by 10.43% from Q1 FY 2011.

On a Face Value of Rs.1 - Basic EPS comes to Rs.1.05 in Q1 FY 12; Rs.0.91 in Q4 FY 11; and Rs.2.37 in Q1 FY 11.

ANNOUNCEMENT TO NSE

19-07-2011          Elgi Equipments Limited has informed the Exchange that the Company has incorporated a wholly owned subsidiary in Australia under the name and style of ELGI EQUIPMENTS AUSTRALIA PTY LTD on July 12, 2011.

RESULTS TABLE :

ELGI EQUIPMENTS	30-Jun-11	31-Mar-11	30-Jun-10
Net Sales	18073.65	19644.6	17164.98
Other Operating Income	30.8	68.31	51.64
Increase in SIT / WIP	-750.69	14.52	55.7
Raw Materials	9296.2	10153.11	8909.17
Traded Goods	2569.41	1611.34	1496.38
Employees Cost	1840.48	1699.88	1567.23
Depreciation	260.46	276.29	220.13
Other Expenditure	2851.22	3421.03	2481.92
Total Expenditure	16067.08	17176.17	14730.53
Profit from Operations	2037.37	2536.74	2486.09
Other Income	48.16	55.25	39.24
Interest	-273.56	-266.05	-149.28
Profit  before tax	2359.09	2858.04	2674.61
Tax expense	697.4	1010	819.5
Net Profit	1661.69	1445.04	1855.11
Face Value (In Rs	1	1	1
Paid Up Equity	1584.55	1584.55	781.68
Basic EPS	1.05	0.91	2.37
Public holding (%)	66.84	66.81	67.15

*   *   *    E  N  D   *   *   *

MCLEOD RUSSEL INDIA LTD = RESULTS FOR = Q1 FY 2012 ( Q/E JUNE 2011) = VERY GOOD PERFORMANCE = NPT UP 98% YoY

Mcleod Russel India Limited

NSE Symbol       MCLEODRUSS

McLeod Russel India Limited has declared good results for Q1 FY 20112 ending June 2011.

Net Sales at Rs.147.31 cr  is up by 20.3% from  the corresponding quarter of Q1 FY 2011.

Total Expenditure at Rs.110.70 cr  is down by 1.91% from Q1 FY 2011.

Profit from Operations  at Rs.39.60 cr – is  up by a huge 221.43% from Q1 FY 2011.

Profit  before tax at Rs.37.33 cr – is up by 98.04% from Q1 FY 2011, after taking into account higher Interest expense.

Net Profit  at Rs.37.33 cr – is up 98.04% from Q1 FY 2011.

Against a Face Value of Rs.5, Basic EPS  in Q1 FY 12 stands at Rs.3.41 – against Rs.12.36 in previous quarter and Rs.1.72 in corresponding qtr o Q1 FY 11. The previous quarter is not a comparable quarter.

Against the corresponding quarter of q1 FY 2011, the results are very Good.

ANNOUNCEMENTS TO NSE

29-07-2011          Mcleod Russel India Limited standalone Results for the quarter ended on 30-JUN-2011 as follows: Net Sales of Rs. 14731 lacs for quarter ending on 30-JUN-2011 against Rs. 12245 lacs for the quarter ending on 30-JUN-2010. Net Profit / (Loss) of Rs. 3733 lacs for the quarter ending on 30-JUN-2011 against Rs. 1885 lacs for the quarter ending on 30-JUN-2010.

30-05-2011          Mcleod Russel India has recommended dividend of Rs.5/- per share (100%) on the Equity Shares of Rs.5/- each for the financial year ended March 31, 2011.

30-05-2011          Mcleod Russel India Limited standalone Results for the year ended on 31-MAR-2011 as follows: Net Sales of Rs. 107313 lacs for year ending on 31-MAR-2011 against Rs. 107682 lacs for the year ending on 31-MAR-2010. Net Profit / (Loss) of Rs. 23223 lacs for the year ending on 31-MAR-2011 against Rs. 24033 lacs for the year ending on 31-MAR-2010.

30-05-2011          Mcleod Russel India Limited consolidated Results for the year ended on 31-MAR-2011 as follows: Net Sales of Rs. 124119 lacs for year ending on 31-MAR-2011 against Rs. 110620 lacs for the year ending on 31-MAR-2010. Net Profit / (Loss) of Rs. 24647 lacs for the year ending on 31-MAR-2011 against Rs. 23092 lacs for the year ending on 31-MAR-2010.

11-05-2011          Mcleod Russel India Limited has informed the Exchange that Borelli Tea Holdings Limited, the wholly owned subsidiary of the Company has set up a wholly owned subsidiary in Dubai by the name of 'McLeod Russel Middle East DMCC' which has been granted the required license on May 09, 2011 for doing business in Tea Blending and Trading. By virtue of the above, McLeod Russel Middle East DMCC, on its incorporation, has become a step down subsidiary of the Company.

RESULTS TABLE :

mcleod russel	30-Jun-11	31-Dec-10	30-Jun-10
Net Sales	14731	36666	12245
Other Operating Income	299	1189	273
Increase in SIT / WIP	-12442	2518	-8435
Raw Materials	8541	6363	6201
Employees Cost	10846	9763	9601
Depreciation	706	702	676
Other Expenditure	3419	4437	3243
Total Expenditure	11070	23783	11286
Profit from Operations	3960	14072	1232
Other Income	263	57	944
Interest	490	598	291
Profit  before tax	3733	13531	1885
Net Profit	3733	13531	1885
Face Value (In Rs	5	5	5
Paid Up Equity	5473	5473	5473
Basic EPS	3.41	12.36	1.72
Public Holding (%)	54.33	54.33	54.57

*  *  *   E  N  D   *  *  *