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  Kinetic Engineering Limited
Regd.Off. : D-1 Block, Plot No.18/2, Chinchwad, Pune - 411019

AUDITED FINANCIAL RESULTS
FOR THE QUARTER ENDED 30th September, 2005

(Rs. in Lakhs)
              (Rs.in Lakhs)
Sr. Particulars 15 Months Quarter ended 18 Months Year ended
No. ended 30th  September, ended 31st March
  30th June 2005 2004 30th September 2004
  2005     2005  
       (Audited)  (Audited)
01. Sales / Income from operations          
  Gross 18748 3561 4347 22309 23836
  Less : Excise Duty 2132 368 530 2500 3170
  Net 16616 3193 3817 19809 20666
             
02. Profit on Sale of Assets 1470 20 3 1490 5
             
03. Other Income 177 313 34 490 181
             
04. Total Expenditure          
             
  a) (Increase)/Decrease in stock in trade 2145 (336) 1014 1809 (274)
             
  b) Consumption of raw materials  10029 2293 1963 12322 15470
             
  c) Staff cost 3065 518 624 3583 2580
             
  d) Other expenditure 3946 628 686 4574 5963
             
05. Interest 1708 306 419 2014 1832
             
06. Depreciation / Amortisation 1601 300 345 1901 1415
               
07 Profit / (Loss) before extraordinary item (4231) (183) (1197) (4414) (6134)
             
08. Dimunition in value of Investment (extra (1774)            -   (407) (1774)                  -  
  ordinary item)          
             
09. Profit / (Loss) before tax (6005) (183) (1604) (6188) (6134)
             
10. (Provision) / Credit for taxation              -   709            -                    709 968
             
11. Provision for Fringe Benefit Tax 10 7            -                      17                  -  
             
12. Net Profit / (Loss) (6015) 519 (1604) (5496) (5166)
             
13. Paid-up Equity share capital (Face value 406 406 406 406 406
             
  of Rs. 10 per share)          
             
14. Reserves excluding revaluation reserves         6609
             
15. Basic / Diluted EPS for the period       (Rs.) (148.02) 12.77 (39.46) (135.25) (127.15)
         
16. Aggregate of non-promoter shareholding          
               
    No. of shares 1996692 2053010 1987340 2053010 1983841
               
    Percentage of shareholding          
  in their meeting held on               July, 2004.  
   
    Percentage of shareholding 49.14 50.52 48.90 50.52 48.82
Notes :  
  1. The above results have been taken on record by the Board of Directors of the Company at their meeting
  held on 30th December, 2005.  
   
  2. Subsequent to the above results, the Company allotted following securities on 29th November 2005:
        i)   To Reliance Capital Ltd. :  
              a) 7.15 lacs equity share of Rs.10 each at a price of Rs.178 per share amounting to Rs.12.73 Crs.
              b) 150 lacs redeemable preference shares of Rs.10 each amounting to Rs.15 Crs.  
              c) 6 lacs convertible warrants @ Rs.178 with a right to subscribe to one equity share of Rs.10 each.
      ii)  To Ambit Corporate Finance Pvt Ltd. :  
              a) 50,500 equity shares of Rs.10 each at a price of Rs.178 per share amounting to Rs.90 lacs
              b) 1 lac convertible warrants @ Rs.178 with a right to subscribe to one equity share of Rs.10 each
      iii) To Micro Age Instruments Pvt Ltd. - 9 lacs convertible warrants @ Rs.178 with a right to subscribe to 
             one equity share of Rs.10 each  
  3. During  the  quarter  ended  30th  September,  2005 the Company has received  2 investor complaints which
  has been duly attended to.   No investor complaint is lying unresolved as at 30th September, 2005.
 
CONSOLIDATED AUDITED FINANCIAL RESULTS FOR THE PERIOD ENDED 30.09.2005 
        (Rs. in Lakhs)
         
  PARTICULARS Audited  Audited 
Sr. Figures for  Figures for 
No. 18 months  previous year 
  ended  ended 
  30.09.2005 31.03.2004
       
01.  Sales / Income from operations    
    Gross 40393 42913
       
    Less : Excise Duty  5572 6196
         
    Net  34821 36717
       
02. Profit on Sale of Assets  486 5
       
03. Other Income 1195 687
       
       
04. Total Expenditure    
       
  a) (Increase)/Decrease in stock in trade 3505 1406
       
  b) Consumption of raw materials 22028 25206
       
  c) Staff cost 6028 4281
       
  d) Other expenditure 9281 10496
       
05. Interest 2608 2531
       
06. Depreciation / Amortisation 2848 1984
         
07. Profit/(Loss) before Tax (9796) (8495)
       
08. (Provision)/Credit for taxation  706 1602
       
09. Net Profit/(Loss) (9090) (6893)
       
10. Add : Share of Profit/ (Loss) in Associate Companies  284 (1978)
11. Profit / (Loss) for the year (8806) (8871)
       
12. Less : Minority Interest in (Profit) /Loss  1817 820
       
13. Net Profit / (Loss)  after Minority Interest (6989) (8051)
       
14. Paid-up Equity Share Capital 406 406
  ( Face Value of Rs. 10/- per share)    
15. Reserves excluding revaluation reserves   4586
         
16. Basic/ Diluted EPS for the period (Rs.) (171.98) (198.15)
         
Notes :      
   
  1. The above Consolidated Financial Results are prepared by consolidating 
  financial results of the Company and its subsidiaries, i.e  Kinetic Motor 
  Company Ltd. & Kinetic Financial Services Ltd., in accordance with 
  the requirement of Accounting Standard (AS 21), " Consolidated   
  Financial Statements" issued by ICAI.  
  2. Effects of investment in Associates have been recognized in accordance with 
  Accounting Standard (AS 23) on " Accounting for Investment in associates 
  in Consolidated Financial Statements " issued by ICAI.  
  3. Results of following associates are considered in the above - Athena Financial 
  Services Ltd. , Jaya Hind Sciaky Ltd. & Kinetic Marketing and Services Ltd. 
     
   
  For KINETIC ENGINEERING LIMITED 
   
   
  Pune  A.H. Firodia 
  30th December, 2005 Chairman 
 
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