WHEELS INDIA LIMITED
Regd. Office : 21, Patullos Road, Chennai - 600 002.
___________________________________________________________________________________________________________________

Unaudited Financial Results(Provisional) for the quarter ended 31st December, 2009
(Rs. In lakhs)                         

Particulars Quarter Ended Nine Months Ended Year Ended(Audited)
31.12.2009 31.12.2008 31.12.2009 31.12.2008 31.03.2009
Net Sales/ Income from Operations 35072 21355 85146 93020 112802
Other Operating Income 323 332 670 1130 1391
Expenditure
 a) (Increase)/Decrease in stock in trade
and work in progress 		(107) 336 (1565) 186 1226
 b) Consumption of raw materials 25657 14645 61316 65526 80689
 c) Employees cost 2909 1970 7850 7363 8969
 d) Depreciation 845 838 2586 2739 3378
 e) Other Expenditure 4257 2914 11620 13144 14720
 f) Total 33561 20703 81807 88958 108982
Profit from Operations before Other income , Interest and Exceptional Items 1834 984 4009 5192 5211
Other Income - - - - -
Profit before Interest and Exceptional Items 1834 984 4009 5192 5211
Interest 1009 1505 2909 3499 4677
Profit/(Loss) after Interest but before Exceptional Items 825 (521) 1100 1693 534
Exceptional Items - - - - -
Profit/(Loss) from Ordinary Activities before tax 825 (521) 1100 1693 534
Tax Expense 127 (190) 163 608 312
Net Profit/(Loss) from Ordinary Activities after tax 698 (331) 937 1085 222
Extraordinary Items (Previous year-Net of tax expense Rs.515 lakhs) - - - 1894
Net Profit/ (Loss) for the period 698 (331) 937 1085 2116
Paid - up Equity share capital
(Face Value Rs. 10/-) 		987 987 987 987 987
Reserves
(Revaluation Reserves - NIL)		         18272
Earnings Per Share (EPS)          
a)Basic and Diluted Earnings per Share before Extraordinary Items(Rs.) 7.07*
 (3.35)* 9.49* 10.99* 2.25
b)Basic and Diluted Earnings per Share after Extraordinary Items(Rs.)
*(not annualised)		 7.07*
 (3.35)* 9.49* 10.99* 21.43
Public shareholding          
 -No of Shares 1411196 1411196 1411196 1411196 1411196
 -Percentage of
  shareholding		 14.30 14.30 14.30 14.30 14.30
Promoters and Promoter Group Shareholding        
a)Pledged/ Encumbered        
  Number of Shares NIL NILNILNIL NIL
  Percentage of Shares promoter group NA NANANA NA
  Percentage of Shares to total share capital NA NANANA NA
b)Non Encumbered          
  Number of Shares 8458248 845824884582488458248 8458248
  Percentage of Shares promoter group 100.00 100.00100.00100.00 100.00
  Percentage of Shares to total share capital 85.70 85.7085.7085.70 85.70 

  



 
     1.The above results were reviewed by the Audit Committee and approved by the Board of Directors

     in their meeting held on 30.01.2010




				
    2.In pursuance of the option exercised by the company under the Notification of the Ministry 
       of Corporate Affairs dated 31st March, 2009 relating to the adjustment of exchange 
       differences on long term foreign currency monetary items, the profit for the quarter 
     under review is lower by Rs. 527.81 lakhs and for the nine months ended 31-12-2009 
     the profit is lower by Rs 776.25 lakhs. Hence the figures for the quarter and nine  
     months period ended are not comparable with the corresponding quarter and nine months 

     of the previous year
						
				



    3.Tax Expense represents deferred tax liability after taking into account MAT Tax credit entitlement  
       of Rs 140 lakhs for the quarter under review and Rs 187 lakhs for the nine months 
  
     ended 31-12-2009.




    4.The Company operates in only one segment viz. Automotive Components.



 
   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 - ONE 

 




  Chennai					           SRIVATS RAM
  30th January,2010		               	     	 Managing Director