Unaudited Financial Results for the Quarter Ended 31st December, 2001

(Rs. in Millions)

Particulars

Quarter ended Dec 31, 2001

Corresponding Quarter ended Dec 31, 2000

Nine Month ended
Dec. 31, 2001

Corresponding nine month ended Dec 31, 2000

Year ended
March 31, 2001

Unaudited

Audited

Net Sales/Income from Operations
Other Income

Total Income

Total Expenditure
a) Increase/Decrease in stock-in-trade
b) Consumption of Raw Materials
c) Staff Cost
d) Other expenditure

Profit before Interest, Depreciation and Tax
Interest

Profit before Depreciation & Tax
Depreciation

Profit before Tax
Provision for Taxation - Current
- Deferred

Profit after Tax

Paid up Equity Share Capital
Face value of Share (Rs.)

Reserves (Excluding Revaluation Reserves)

Basic EPS
Diluted EPS

609.10

35.77

644.87

523.50
67.49

242.09

68.69
145.23

121.37

28.02

93.35

49.65

43.70
1.84
6.78

35.08

156.59

10.00

--

2.24
2.24

485.90

9.34

495.24

400.97
(5.86)

267.82

35.66
103.35

94.27

13.32

80.95

25.17

55.78
13.60
--

42.18

156.59

10.00

--

2.69
2.69

1996.57

73.28

2069.85

1660.69
35.12

970.90

191.83
462.84

409.16

84.71

324.45

138.00

186.45
10.31
42.18

133.96

156.59

10.00

--

8.55
8.55

1662.59

36.46

1669.05

1380.27
(11.51)

956.53

109.31
325.94

318.78

41.49

277.29

71.91

205.38
56.60
--

148.78

156.59

10.00

--

9.50
9.50

2303.68

49.49

2353.17

1914.78
(9.91)

1226.00

151.07
547.62

438.39

52.82

385.57

114.60

270.97
106.00
--

164.97

156.59

10.00

731.63

10.54
10.54

Segment Reporting Under Clause 41 Of The Listing Agreement With Stock Exchange For The Quarter Ended December 31, 2001.

(Rs. in Millions)

	Quarter ended Dec 31, 2001	9 month ended Dec 31, 2001
1. Segment revenue (Net Sales/Income from each segment) a) Automotive b) Non - automotive Less inter segment revenue net sales/Income from operations	583.84 61.03 644.87	1946.58 123.27 2069.85
2. Segment result (Profit before tax and interest from each segment) a) Automotive b) Non - automotive Less : (I) Interest (Net) (ii) Other unallocable expenditure net of unallocable income Total Profit before tax	47.13 29.20 76.33 28.02 4.61 43.70	236.67 38.88 275.55 84.71 4.39 186.45
3. Capital employed (segment assets - Segment liabilities excluding revaluation reserve) a) Automotive b) Non - automotive c) Others (including investments)	1869.39 22.58 148.32	1869.39 22.58 148.32

NOTE:

The above financial results were approved by the Board of Directors of the Company at its meeting held on January 31, 2002.
During the period ended December 31, 2001 the Company has amalgamated its subsidiaries, Motherson Sumi Electric Wires Limited (MSEW) and Motherson Automotive Technologies & Engineering Limited (MATE) w.e.f. 01.4.2001. The merger has been approved by the Honourable High Court of Delhi vide their Order dated December 11, 2001. The amalgamation is accounted for by pooling of interest method. The above Financial statements of Motherson Sumi Systems Limited for the nine months ended December 31, 2001 include operating results of MSEW and MATE. In view of the above, the figures for the current period are not comparable with those of the previous period.
In view of Accounting Standard (AS)-22 on "Accounting for Taxes on Income" issued by the Institute of Chartered Accountants of India which is applicable w.e.f. April 1, 2001, the provision for taxation amounting to Rs.52.49 millions for the period ended December 31, 2001 includes deferred tax charge amounting to Rs.42.18 millions. The corresponding figure for the period ended December 31, 2000 has not been recasted as the accumulated deferred tax liability (net) amounting to Rs.7.12 millions upto March 31, 2001 has been deducted from revenue reserves during the period ended December 31, 2001 in accordance with the said accounting standard.

for and on behalf of the Board

Place : New Delhi
Date : January 31, 2002

V.C. SEHGAL
(CHAIRMAN)

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