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, 2010

                                                                                                                                                                            (Rs. In lakhs)
Particulars Three Months Ended Year Ended
Audited
30.06.2010 30.06.2009 31.03.2010
Net Sales/Income from Operations 38431 22567 124138
Other Operating Income 725 147 1162
Expenditure
 a) (Increase)/Decrease in stock in trade and work in progress (658) (399) (1,946)
 b) Consumption of raw materials 28750 15956 90303
 c) Employees cost 3292 2271 11349
 d) Depreciation 1058 847 3316
 e) Other expenditure 5193 3453 16478
 f) Total 37635 22128 119500
Profit from Operations before Other income , Interest and Exceptional Items 1521 586 5800
Other Income
Profit before Interest and Exceptional Items 1521 586 5800
Interest 1221 962 3777
Profit/(Loss) after Interest but before Exceptional Items 300 (376) 2023
Exceptional Items - - -
Profit/(Loss) from Ordinary Activities before tax 300 (376) 2023
Tax Expense 161 (128) 728
Net Profit/(Loss) from Ordinary Activities after tax 139 (248) 1295
Extraordinary Items(Net of tax expense Rs Nil) 145 - -
Net Profit/(Loss) for the period 284 (248) 1295
Paid-up Equity share capital(Face Value Rs.10/-) 987 987 987
Reserves(Revaluation Reserves - NIL)     19050
Earnings per share(EPS)      
a) Basic and Diluted EPS before Extraordinary Items 1.41*
 (2.51)* 13.12
b) Basic and Diluted EPS after Extraordinary Items 2.88*
 (2.51)* 13.12
*(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 NIL
  Percentage of Shares promoter group NA NA NA
  Percentage of Shares to total share capital NA NA NA
b)Non Encumbered      
  Number of Shares 8458248 8458248 8458248
  Percentage of Shares promoter group 100.00 100.00 100.00
  Percentage of Shares to total share capital 85.70 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 29.07.2010
   2.The Company has exercised the option as per AS 11 (notified) under the Companies (Accounting Standards) Rules, 2006.
   3.Tax expense of Rs 161 lakhs represents deferred tax liability and is net of MAT Tax Credit Entitlement of Rs 89 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.Statutory auditors of the Company have carried out a limited review of the above financial results.
   7.Investors' Complaints :
     Pending as at the beginning and end of the quarter - NIL
     Received and disposed off during the quarter - NIL 

                                                                                  Sd/- 
   Chennai                                                                      SRIVATS RAM
   29th July, 2010			                		       Managing Director