AilC Bearings Lillliletl Regd Office 402-B Poonam Chambers Dr Annie Besant Road Worli Mumbai - 400 018

CIN L29130MH 1961PLC012028 Phone +912224964500 Fax +91 22 24950527 E-mailregdoffabcbearingscom Websitewwwabcbearings com

AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 31ST MARCH 2017 Rs In Lacs

Sr No

1

2

3

4 5

6

7

8 9

10 11

12

13 14

15

16

Quarter ended Year ended Particulars 31032017 31122016 31032016 3l032017 3103 2016

Audited Unaudited Audited Audited Audited Income from operations a) SalesIncome from operations 576347 524479 584370 20 94655 1991931

(Including excise duty) b) Other Operatinq Income 2527 1l02 3520 12181 14905 Total Income from operationsJnet) 5 78874 525581 587890 2106836 20 06836 Expenses a) Cost of Materials Consumed 247493 202571 232873 904078 795691 b) Purchase of Stock -in-trade 4052 1697 188 5749 2ff50 c) Change in inventories of finished goods work-inshyprogress and stock-in-trade 15721 25676 22076 (20l54 ) 99088 d) Employee Benefit Expenses 54l74 54267 54661 217l09 208729 e) Depreciation and Amortisation Expenses 30853 30363 31718 125774 125149 f) Excise Duty Expenses 52287 51560 57640 211879 201080 g) Other Expenses 1 27714 1 12520 1 26683 475072 426342 Total Expenses 5322 94 478654 525839 1919507 1858929 Profit from Operations before Other Income Finance Costs and Exceptional Items (1-2) 46580 46927 62051 187329 147907 Other Income 674 1124 2385 5750 5709 ProfitCloss) from ordinary activities before finance cost and Exceptional Items (3+4) 47254 48051 64436 193079 153616 Finance costs 12634 13l19 15l30 513 37 69784 Profit (Loss) from ordinary activities after finance costs but before Exceptional Items (5-6) 34620 349 32 49306 141742 83832 Exceptional Items 350 00 - - 35000 Profit(+) Loss(-) from Ordinary A-ctivities before Tax (7-8) 69620 349 32 49306 176742 838 32 Tax Expense 20862 12200 17408 58273 29037 Net Profit (+)(Loss) (-) from Ordinary Activities after tax (9-10) 487 58 22732 31898 1184 69 54795 Extraordinary Items - - - -

(Net of Ta x Expenses Rs Nil) Net Profit j(Loss) for the period (11-12) 48758 22732 31898 118469 54795 Paid up Equity Share Capital

(Face value Rs 10 per share) 1 15500 115500 115500 115500 1 15500 Reserves Exciuding Revaluation Reserves as per balance sheet of previous accountinq year - - - 1272587 1154117 Earnings Per Share i) Basic amp diluted EPS before Extraordinary

items for the period (Not Annualised) 422 l97 276 1026 474 ii) Basic amp diluted EPS after Extraordinary

items for theperiod (Not Annualised) 422 197 276 1026 474

Notes 1 Exceptional item pertains to surplus on disposal of Long-term Investments 2 The figures of quarter ended 31st March2017 are the balancing figures between audited figures of the full financial year upto 31st

March 2017 and the unaudited published year-to-date figures upto 31st December2016 which were subjected to limited review 3 The Company is primarily engaged in the business of Bearings and accordingly there are no separate reportable segments

pursuant to Accounting Standard-17 on Segment Reporting 4 The Board of Directors has recommended dividend 20 ie Rs 2- per Equity Share of Rs10- each 5 The above results Iave been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on

24th May 2017 The statutory auditors have audited the results and have issued an unqualified report

6

7

Statement of Assets and Labilities as at 31st March 2017 are as under

Particulars

EQUITY AND LIABILITIES Sha reholders fu nds (a) Share capital (b) Reserves and surplus Sub-total - Shareholders funds

Non-current liabilities (a) Long- term borrowings (b) Deferred tax liabilities (net ) (c) Other long-term liabilities (d) Long-term provisions

Sub-total - Non-current liabilities

Current liabilities (a) Short-term borrowings (b) Trade payables (c) Other current liabilities (d) Short-term provisions

Sub-total - Current liabilities

TOTAL - EQUITY AND LIABILITIES ASSETS Non-curren t assets

(a) Fixed assets (b) Non-current investments (c) Long-term loans and advances

Sub-total - Non-current assets

Current assets (a) Inventories (b) Trade receivables (c) Cash and cash equivalents (d) Short-term loans and advances (e) Other current assets

Sub-total - Current assets TOTAL - ASSETS

Figures have been regrouped wherever necessary for comparison

Place Mumbai Date 24th May 20 17

As at

31st March 2017

Audited

115500 1272587

1388087

65286 172815

702 08 13673

321982

192675 236168 1318 64

2838 563545

2273614

1506148 -

115752 1621900

312299 276315

338 61 27562

1677 651714

2273614

As at

31st March 2016

Audited

115500 1154117

1269617

257641 144147

716 29 13153

4865 70

174349 261502 23 1269

32420 699540

2455727

1611005 125000 112172

1848177

298849 235582

34583 37114

1422 607550

2455727

I I I I t 1

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PARIKH amp SHAH (REGD)

CHARTERED ACCOUNTANTS

D B MOHINI BComFCA V M PARIKH BComFCA H K DESAI BCom FCA A R PARIKH BComACA

To The Board of Directors ABC Bearings Limited MUMBAI

Tel No 2363 02 69 23632374 2361 8373

Fax 91-22-2361 8472 E-mai l parikhnshahgmailcom Bhupatl Chambers 1st Floor 13 Mathew Road Opera House MUMBAI - 400 004

We have audited the quarterly financial results of ABC Bearings Limited for the quarter ended 31 sl March 2017 and the year to date results for the period 01042016 to 31 032017 attached herewith being submitted by the company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations2015 These quarterly financial results as well as the year to date financial results have been prepared from the Financial Statements which are the responsibility of the Company s management Our responsibility is to express Cln opinion on these financial results based on our audit of such financial statements which have been prepared in accordance with the Accounting Standards prescribed under Section 133 of the Companies Act2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India

We conducted our audit in accordance with the auditing standards generally accepted in India Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial results are free of material misstatements An audit includes examining on a test basis evidence supporting the amounts disclosed in financial results An audit also includes assessing the accounting principles used and significant estimates made by management We believe that our audit provides a reasonable basis for our opinion

In our opinion and to the best of our information and according to the explanations given to us these quarterly financial results as well as the year to date results

(i) are presented in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 in this regard and

(ii) give a true and fair view of the net profit and other financial information for the quarter ended 31 Sl March2017 as well as the year to date results for the period from 01042016 to 31032017

I Date 24052017 r 1111 I rYl h ~

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