WHEELS INDIA LIMITED
Regd. Office : 21, Patullos Road, Chennai - 600 002.
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Unaudited Financial Results (Provisional) for the quarter ended 30th June, 2009

                                                                                                                                                                            (Rs. In lakhs)
Particulars Three Months Ended Year Ended
Audited
30.06.2009 30.06.2008 31.03.2009
Net Sales/Income from Operations 22567 36745 112802
Other Operating Income 147 408 1391
Expenditure
 a) (Increase)/Decrease in stock in trade and work in progress (399) (377) 1226
 b) Consumption of raw materials 15956 26624 80689
 c) Employees cost 2271 2645 8969
 d) Depreciation 847 903 3378
 e) Other expenditure 3453 5347 14720
 f) Total 22128 35142 108982
Profit from Operations before Other income , Interest and Exceptional Items 586 2011 5211
Other Income
Profit before Interest and Exceptional Items 586 2011 5211
Interest 962 838 4677
Profit/(Loss) after Interest but before Exceptional Items (376) 1173 534
Exceptional Items - - -
Profit/(Loss) from Ordinary Activities before tax (376) (1173) 534
Tax Expense (128) 525 312
Net Profit/(Loss) from Ordinary Activities after tax (248) 648 222
Extraordinary Items(Previous year -Net of tax expense Rs 515 Lakhs) - - 1894
Net Profit/(Loss) for the period (248) 648 2116
Paid-up Equity share capital(Face Value Rs.10/-) 987 987 987
Reserves(Revaluation Reserves - NIL)     18272
Earnings per share(EPS)      
Basic and Diluted EPS before Extraordinary Items (2.51)*
 6.57* 2.25
Basic and Diluted EPS after Extraordinary Items (2.51)*
 6.57* 21.43
*(not annualised)  
    
Public Shareholding      
 -No of Shares 1411196 1411196 1411196
 -Percentage of shareholding 14.30 14.30 14.30
Promoters and Promoter Group Shareholding      
a)Pledged/ Encumbered      
  Number of Shares NIL - NIL
  Percentage of Shares promoter group NA - NA
  Percentage of Shares to total share capital NA - NA
b)Non Encumbered      
  Number of Shares 8458248 - 8458248
  Percentage of Shares promoter group 100.00 - 100.00
  Percentage of Shares to total share capital 85.70 - 85.70
   1.The above results were reviewed by the Audit Committee and approved by the Board of
     Directors in their meeting held on 25.07.2009
   2.In pursuance of the option exercised by the company under the Notification of the Ministry
     of Company Affairs dated 31st March, 2009 relating to the treatment of exchange
     differences on long term foreign currency monetary items, the loss for the quarter under
     review is higher by Rs 585.75 lakhs. Hence the figures for the quarter are not comparable
     with the corresponding quarter of the previous year
   3.The Company operates in only one segment viz. Automotive Components.
   4.Previous year's figures have been regrouped wherever necessary to conform to this year's
     classification.
   5.Statutory auditors of the Company have carried out a limited review of the above financial
     results.
   6.Investors' Complaints :
     Pending as at the beginning and end of the quarter - NIL
     Received and disposed off during the quarter - 3 

   Chennai                                                                SRIVATS RAM
   25.07.2009			                		       Managing Director