*Munjal Auto Industries* disclosed a substantial rise in standalone net
profit for the quarter ended December 2008. During the quarter, the profit
of the company rose 34.07% to Rs 23.61 million from Rs 17.61 million in the
same quarter previous year.

Net sales declined 12.55% to Rs 571.31 million, while total income for the
quarter fell 11.94% to Rs 579.11 million, when compared with the prior year
period.

The company posted earnings of Rs 2.36 a share during the quarter,
registering 34.09% growth over prior year period.


  *Quarterly Results - Standalone (Rs in mn)* *As at* *Dec - 08* *Dec - 07*
*%Change* *Net Sales* 571.31 653.28 (12.55) *Net Profit* 23.61 17.61
34.07 *Basic
EPS* 2.36 1.76 34.09

During the quarter, the operating margin of the company climbed by 155.04
basis points to 6.84% compared with the previous year period. Interest cost
increased 15.58% to Rs 1.78 million while depreciation cost fell 0.49% to Rs
12.22 million over previous year period.

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