WHEELS INDIA LIMITED
Regd. Office : 21, Patullos Road, Chennai - 600 002.
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Audited Financial Results
for the year ended 31st March, 2011 

                                                                                                                                           (Rs In lakhs)
Particulars Year Ended Audited
31.03.2011 31.03.2010
Net Sales/Income from Operations 167607 124138
Other Operating Income 2609 1162
Expenditure  
 a) (Increase)/Decrease in stock in trade and work in progress 41 (1,946)
 b) Consumption of raw materials 122412 90303
 c) Employees cost 14005 11349
 d) Depreciation 4608 3316
 e) Other expenditure 21059 16478
 f) Total 162125 119500
Profit from Operations before Other income , Interest and Exceptional Items 8091 5800
Other Income -
Profit before Interest and Exceptional Items 8091 5800
Interest 4978 3777
Profit/(Loss) after Interest but before Exceptional Items 3113 2023
Exceptional Items (Net of tax expense of Rs.20 lakhs*) 125 -
Profit/(Loss) from Ordinary Activities before tax 3238 2023
Tax Expense 774* 728
Net Profit/(Loss) from Ordinary Activities after tax 2464 1295
Extraordinary Items -
Net Profit/(Loss) for the period 2464 1295
Paid-up Equity share capital(Face Value Rs.10/-) 987 987
Reserves(Revaluation Reserves - NIL) 20767 19050
Earnings per share(EPS):    
a) Basic and Diluted EPS before Extraordinary Items (Rs) 24.96
 13.12
b) Basic and Diluted EPS after Extraordinary Items (Rs.) 24.96
 13.12
Public Shareholding    
 - No. of Shares 1411196 1411196
 - Percentage of shareholding 14.30 14.30
Promoters and Promoter Group Shareholding    
a)Pledged/ Encumbered    
  Number of Shares NIL NIL
  Percentage of Shares promoters group NA NA
  Percentage of Shares to total share capital NA NA
b)Non Encumbered    
  Number of Shares 8458248 8458248
  Percentage of Shares promoters group 100.00 100.00
  Percentage of Shares to total share capital 85.70 85.70


BALANCE SHEET 
                                                                                                                                                          Rs In lakhs
Particulars As At
31.03.2011
Audited		 As At
31.03.2010
Audited
SOURCES OF FUNDS
Shareholders' Funds:
a)Capital 987 987
b) Reserves and Surplus 20767 19050
Total of shareholders' funds (A) 21754 20037
Loan Funds(B) 32975 37402
Foreign Currency Monetary items translation difference (C) 79 36
Deferred Tax Liabilities (D) 4646 3872
Total (A)+(B)+(C)+(D) 59454 61347
APPLICATION OF FUNDS
Fixed Assets (A) 42951 42624
Investments (B) 1527 1107
Current Assets, Loans and Advances:
a)Inventories 22273 17142
b)Sundry Debtors 22447 19646
c)Cash and Bank Balances 120 264
d)Other Current Assets 6 4
e)Loans and Advances 6155 5483
Sub Total (C1) 51001 42539
Less: Current Liabilities and Provisions    
a) Liabilities 34869 24405
b) Provisions 1156 518
Sub Total (C2) 36025 24923
Net Current Assets (C) [(C1)-(C2)] 14976 17616
Total (A)+(B)+(C) 59454 61347



1 The above results were reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on 30.05.2011

2 The Company has exercised the option as per AS 11 (notified) under the Companies(Accounting Standards) Rules, 2006.

3 *Tax expenses for the year includes:

a) MAT of Rs.649 lakhs against which MAT credit entitlement of Rs.629 lakhs has been availed.

b) Deferred tax liability of Rs.774 lakhs.

4 Automotive Components is the only reportable segment of the Company.

5 Previous year's figures have been regrouped wherever necessary to conform to this year's classification.

6 The Board of Directors have recommended a dividend of Rs 6.50 per share for the year 2010-11

7 Investor's Complaints:

Pending as at the begining and end of the year-NIL
Received and disposed off during the year-NIL


   Chennai                                                                SRIVATS RAM
   30.05.2011			                		    Managing Director