UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 31ST DECEMBER, 2009
            Rs.in Lacs
Sr. PARTICULARS Unaudited (Reviewed) Unaudited (Reviewed) Audited
No.   Quarter ended Nine Months ended Year ended
    31st December 31st December 31st March
    2009 2008 2009 2008 2009
1 (a) Net sales/Income from Operations 16684.58 16950.64 45428.97 47085.73 66528.68
  (b) Other Operating Income 31.95 19.82 72.47 81.12 300.53
  Total Income (a+b) 16716.53 16970.46 45501.44 47166.85 66829.21
2 Expenditure          
  a) (Increase)/Decrease in stocks (151.38) (381.19) (472.57) (381.33) (6.12)
  b) Consumption of Raw materials & Stores 3678.11 5507.02 10977.98 16360.75 20523.38
  c) Construction Expenses 8606.82 7824.92 22497.67 20489.25 30466.01
  d) Other Manufacturing Expenses 342.97 405.82 919.64 1192.23 1663.30
  e) Works & Office establishments 615.64 598.55 1784.15 1561.58 2256.03
  f) Employees cost 861.65 737.09 2450.26 2043.11 2931.43
  g) Depreciation 178.94 127.35 484.27 343.77 491.30
  h) Other Expenditure 828.24 989.55 2082.36 2452.52 3517.66
  i) Total  Expenditure 14960.99 15809.11 40723.76 44061.88 61842.99
3 Profit from Operations before Other Income, Interest & Exceptional Items (1-2) 1755.54 1161.35 4777.68 3104.97 4986.22
4 Other Income 1.36 1.20 4.17 9.31 10.70
5 Profit before Interest & Exceptional Items (3+4) 1756.90 1162.55 4781.85 3114.28 4996.92
6 Interest (net) 407.39 502.23 1313.58 1158.66 1655.56
7 Profit after Interest but before Exceptional Items (5-6) 1349.51 660.32 3468.27 1955.62 3341.36
8 Exceptional Items     463.00    
  a) Tax Refund for earlier years (net) 0.00 5.11 0.00 5.11 398.53
  b) Excess Provision of Tax for earlier years written back 0.00 0.00 19.72 0.00 0.00
9 Profit from Ordinary Activities before tax (7+8) 1349.51 665.43 3487.99 1960.73 3739.89
10 Tax expenses 463.00 238.70 1193.00 710.70 1209.00
11 Net Profit from Ordinary Activities after tax ( 9-10) 886.51 426.73 2294.99 1250.03 2530.89
12 Extraordinary Items 0.00 0.00 0.00 0.00 0.00
13 Net Profit for the period ( 11-12 ) 886.51 426.73 2294.99 1250.03 2530.89
14 Paid-up Equity Share Capital 484.47 484.47 484.47 484.47 484.47
  (Face Value of Rs.10 each)          
15 Reserves  excluding revaluation reserves         16006.88
16 Earnings Per Share ( EPS ) Not Annualised*        
  a) Basic and Diluted EPS ( in Rs.) before Exceptional Items 18.30* 8.70* 46.96* 25.70* 44.01
  b) Basic and Diluted EPS ( in Rs.) after Exceptional Items 18.30* 8.81* 47.37* 25.80* 52.24
17 Public shareholding          
  -- Number of shares 1457240 1457240 1457240 1457240 1457240
  -- Percentage of Shareholding 30.08 30.08 30.08 30.08 30.08
18 Promoters and Promoter group Shareholding          
  a) Pledged/Encumbered          
  -- Number of shares NIL NIL NIL NIL NIL
  -- Percentage of shares          
  (as a % of the total shareholding of promoter and promoter group) NIL NIL NIL NIL NIL
  (as a % of the total share capital of the Company.) NIL NIL NIL NIL NIL
  b) Non - Encumbered          
  -- Number of shares 3387477 3387477 3387477 3387477 3387477
  -- Percentage of shares          
  (as a % of the total shareholding of promoter and promoter group) 100.00% 100.00% 100.00% 100.00% 100.00%
  (as a % of the total share capital of the Company.) 69.92% 69.92% 69.92% 69.92% 69.92%
SEGMENTWISE REVENUE, RESULTS AND CAPITAL EMPLOYED FOR THE QUARTER AND NINE MONTHS ENDED 31ST DECEMBER, 2009
Rs.in Lacs
Sr. PARTICULARS Unaudited (Reviewed) Unaudited (Reviewed) Audited
No.   Quarter ended Nine Months ended Year ended
    31st December 31st December 31st March
    2009 2008 2009 2008 2009
1 Segment Revenue          
  a. Construction contracts of Water supply          
  schemes, pipe supply & laying projects 16186.20 16748.08 44234.57 46432.07 65250.56
  b. Others 498.38 202.56 1194.40 653.66 1278.12
  Total 16684.58 16950.64 45428.97 47085.73 66528.68
  Less: Intersegment revenue 0.00 0.00 0.00 0.00 0.00
  Net Income from Operations 16684.58 16950.64 45428.97 47085.73 66528.68
2 Segment Results          
  Profit/(Loss) before tax and interest          
  a. Construction contracts of Water supply          
  schemes, pipe supply & laying projects 2213.56 1568.42 6129.37 4285.12 6596.98
  b. Others 87.05 61.01 182.11 70.06 78.88
  Total 2300.61 1629.43 6311.48 4355.18 6675.86
  Less: Interest 407.39 502.23 1313.58 1158.66 1655.56
  Less : Excess of Unallocable Expenditure          
  over Unallocable Income 543.71 466.88 1529.63 1240.90 1678.94
  Total Profit before Tax 1349.51 660.32 3468.27 1955.62 3341.36
3 Capital Employed          
  (Segment Assets - Segment Liabilities)          
  a. Construction contracts of Water supply          
  schemes, pipe supply & laying projects 34776.17 29490.24 34776.17 29490.24 30847.10
  b. Others 553.92 550.23 553.92 550.23 598.22
  Unallocated (16543.74) (14348.17) (16543.74) (14348.17) (14953.97)
  Total Capital Employed 18786.35 15692.30 18786.35 15692.30 16491.35
NOTES
1) The above results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 28th January, 2010.
2) The Statutory auditors of the company have carried out a limited review of the financial results for the quarter ended 31st December, 2009.
3) The balance value of the orders on hand as on date is Rs. 1590 Crores as against Rs.1340 Crores in the corresponding period of the previous year.
4) No Investor complaints were pending at the beginning and at the end of the quarter. Four Investor complaints were received and resolved during the quarter.
5) During the previous financial year 2008-09, the Company's claim under Section 80IA of the Income Tax Act,1961 for the financial year 2002-03 was allowed by the Income Tax Appellate Tribunal, Mumbai, as a result of which the Company had taken credit for tax refund received of Rs.398.53 lacs and interest of Rs.122.85 lacs and as a matter of abundant caution had created "General Reserve No II" by appropriation of an amount equivalent to Income Tax Refund. Though the Finance Act 2009, retrospectively amended explanation to Section 80IA, the Company based on legal advice from senior tax counsel, expects to succeed on this issue in the departmental appeal before the Hon'ble High Court, Mumbai. The Income Tax provisions for all other financial years are without considering benefits U/s 80IA.
6) The figures for the prior period have been regrouped and rearranged wherever necessary.
For THE INDIAN HUME PIPE CO. LTD.
Mumbai RAJAS R DOSHI
Date: 28th January, 2010 CHAIRMAN & MANAGING DIRECTOR