FALCON NET UP 260%

Kolkata, 23 April 2010: Falcon Tyres Ltd, a Ruia Group company engaged in manufacturing tyres for 2&3 wheeler vehicles, has registered a growth of 260% in its Net Profit for the 6 months ended 31st March 2010 compared to the corresponding period last year. In the meeting of its Board of Directors held at Kolkata on Thursday 22 April, the company reported a Net Profit of Rs. 21.68 crore for the period, compared to Rs. 6.03 crore in the same period last year.

In the quarter ended 31 March 2010, the Net Profit has been Rs. 10.02 crore as against Rs 5.42 crore in the quarter ended 31 March 2009. Total income of the Company in the quarter ended 31 March 2010 has been 188.33 crore, while in the corresponding period last year it was Rs 161.03 crore.

For the 6 months ended 31 March 2010 Falcon has registered Total Income of Rs 354.99 crore, a growth of 27% over the Total Income of Rs 280.18 crore in the corresponding 6 months last year.

Commenting on the results Mr Pawan K Ruia, Chairman, Falcon Tyres Ltd. said: “It’s good to see Falcon sustain a spectacular growth. The numbers reflect how Falcon has kept abreast with competition. However, the recent rise in imput costs remains a concern. On our part we are trying our best to maintain the contribution part.”

For any clarifications, please call Mr Sujit Mukherjee at 98304 18061 FALCON TYRES LTD l Regd Office l 50 Residency Road l Bangalore 560 025

Issued by Corp Comn Divn of RUIA GROUP

Ruia Centre l 46 Syed Amir Ali Avenue l Kolkata 700 017 l Phone 2289 4747