WHEELS INDIA LIMITED
Regd. Office : 21, Patullos Road, Chennai - 600 002.
Unaudited Financial Results (Provisional)
for the quarter ended 31st December, 2010
									(Rs. in lakhs)
									Year ended
	Particulars				Quarter ended		Nine Months ended		(Audited)
					31.12.2010	31.12.2009	31.12.2010	31.12.2009	31.03.2010
	Net Sales/Income from Operations				40620	35072	120783	85146	124138
	Other Operating Income				532	323	1913	670	1162
	Expenditure
	a) (Increase)/Decrease in stock in trade and work in progress				(260)	(107)	(411)	(1,565)	(1,946)
	b) Consumption of raw materials				29567	25657	88523	61316	90303
	c) Employees cost				3530	2909	10216	7850	11349
	d) Depreciation				1122	845	3288	2586	3316
	e) Other expenditure				5080	4257	15431	11620	16478
	f) Total				39039	33561	117047	81807	119500
	Profit from Operations before Other income, Interest and Exceptional Items				2113	1834	5649	4009	5800
	Other Income				-	-	-	-	-
	Profit before Interest and Exceptional Items				2113	1834	5649	4009	5800
	Interest				1251	1009	3758	2909	3777
	Profit / (Loss) after interest but before Exceptional Items				862	825	1891	1100	2023
	Exceptional Items				-	-	-	-	-
	Profit / (Loss) from Ordinary Activities before tax				862	825	1891	1100	2023
	Tax Expense				306	127	682**	163	728
	Net Profit / (Loss) from Ordinary Activities after tax				556	698	1209	937	1295
	Extraordinary Items				2	-	126	-	-
	Net Profit / (Loss) for the period				558	698	1335	937	1295
	Paid - up Equity Share Capital (Face Value Rs. 10/-)				987	987	987	987	987
	Reserves (Revaluation Reserves - NIL)					-	-	-	19050
	Earnings Per Share (EPS)
	a) Basic and Diluted Earnings per share (Rs.) before Extraordinary items				5.63*	7.07*	12.25*	9.49*	13.12
	b) Basic and Diluted Earnings per share (Rs.) after Extraordinary items				5.65*	7.07*	13.53*	9.49*	13.12
	* (not annualised)
	Public Shareholding
	- No. of shares				1411196	1411196	1411196	1411196	1411196
	- Percentage of shareholding				14.3	14.30	14.30	14.30	14.3
	Promoters and Promoter Group Shareholding
	a) Pledged / Encumbered
	Number of Shares				NIL	NIL	NIL	NIL	NIL
	Percentage of shares promoter group				NA	NA	NA	NA	NA
	Percentage of shares to total share capital				NA	NA	NA	NA	NA
	b) Non Encumbered
	Number of Shares				8458248	8458248	8458248	8458248	8458248
	Percentage of shares promoter group				100.00	100.00	100.00	100.00	100.00
	Percentage of shares to total share capital				85.70	85.70	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 08.02.2011
	2	The Company has exercised the option as per AS 11 (notified) under the Companies (Accounting
		Standards) Rules, 2006.
	3	** Tax expense for the nine months ended 31st December, 2010 consists of :
		a) MAT of Rs. 387 Lakhs for which tax credit entitlement has been availed.
		b) Deferred tax liability of Rs. 682 Lakhs
	4	Extra-ordinary item of Rs. 126 Lakhs is net of tax expense of Rs. 19 Lakhs.
	5	Automotive Components is the only reportable segment of the Company.
	6	Previous year's figures have been regrouped wherever necessary to conform to this year's
		classification.
	7	Statutory auditors of the Company have carried out a limited review of the above financial results.
	8	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
		8th February, 2011					Managing Director