Code Of Conduct
Stock Holdings
Investors

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

Unaudited Financial Results(Provisional) for the quarter ended 30th June, 2008

(Rs. In lakhs)                         

Particulars Three Months ended Previous Year ended
30.06.2008 30.06.2007 31.03.2008
(Audited)
Net Sales/Income from Operations 36745 25068 113021
Other Income 408 190 1761
Net Sales/Income from Operations 36745 25068 113021
Other Income 408 190 1761
Total Income 37153 25258 114782
Expenditure
 a) (Increase)/Decrease
    in stock in trade and workin progress
(377) (801) (1506)
 b) Consumption of raw
    materials
26624 18410 81304
 c) Employees cost 2645 2162 9187
 d) Depreciation 903 702 3127
 e) Other expenditure 5347 3371 15627
 f) Total 35142 23844 107739
Interest 838 714 3069
Exceptional Items - - -
Profit from Ordinary Activities before tax 1173 700 3974
Tax Expense 525 255 1388
Net Profit from Ordinary Activities after tax 648 445 2586
Extra Ordinary Items - - -
Net Profit for the period 648 445 2586
Paid-up Equity share capital
(Face Value Rs.10/-)
987 987 987
Reserves
(Revaluation Reserves - NIL)
    16781
Basic and Diluted Earnings per share(Rs.)
-Before Extraordinary Item 6.57* 4.51* 26.20
-After Extraordinary Item 6.57* 4.51* 26.20
*(not annualised)      
Public Shareholding      
 -No of Shares 1411196 1411196 1411196
 -Percentage of
  shareholding
14.30 14.30 14.30
   1.The above results were reviewed by the Audit Committee and      approved by the Board of Directors in their meeting held
     on 30.07.2008
   2.The Company operates in only one segment viz. Automotive
     Components.
   3.Previous year's figures have been regrouped wherever
     necessary to conform to this year's classification.
   4.Statutory auditors of the Company have carried out a limited
     review of the above financial results.
   5.Investors' Complaints :
     Pending as at the beginning and end of the quarter - NIL
     Received and disposed off during the quarter - 2

   Chennai                                           SRIVATS RAM
  30.07.2008			                Managing Director

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