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 31st December, 2007
(Rs. In lakhs)                         

Particulars Quarter Ended Nine Months Ended Year Ended(Audited)
31.12.2007 31.12.2006 31.12.2007 31.12.2006 31.03.2007
Net Sales/ Income from Operations 28986 26267 81128 73034 100327
Other Income 408 99 944 423 964
Total Income 29394 26366 82072 73457 101291
Expenditure
 a) (Increase)/Decrease in stock in trade
and work in progress
-172 -654 -924 -1141 -210
 b) Consumption of raw
    materials
20668 19510 58179 52524 71050
 c) Employees cost 2375 2093 6807 5868 8077
 d) Depreciation 831 697 2265 1986 2672
 e) Other Expenditure 3606 3476 10358 10526 14052
 f) Total 27308 25122 76685 69763 95641
Interest 839 557 2361 1462 2052
Exceptional Items - - - - -
Profit from Ordinary Activities before tax 1247 687 3026 2232 3598
Tax Expense 433 242 1072 798 1237
Net Profit from Ordinary Activities after tax 814 445 1954 1434 2361
Extraordinary Items (net of tax expense Rs.29 lacs) - 58 - 242 242
Net Profit for the period 814 503 1954 1676 2603
Paid - up Equity share capital
(Face Value Rs. 10/-)
987 987 987 987 987
Reserves
(Revaluation Reserves - NIL)
        15003
Basic and Diluted Earnings per share(Rs.)
 
- Before Extraordinary Item 8.25 *
4.51 * 19.80 * 14.53 * 23.92
- After Extraordinary Item 8.25 *
5.09 * 19.80 * 16.98 * 26.37
Public shareholding          
 -No of Shares 1411196 1411196 1411196 1411196 1411196
 -Percentage of
  shareholding
14.30 14.30 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 31.01.2008
   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.The provision towards Employee Benefits in accordance with Limited
     Revision to Accounting Standards (AS 15)(Revised 2005)
     issued by ICAI has been made on an estimated basis pending adjustment
     if any to be made at the year end.
   6.The Board of Directors at their meeting held on 31.01.2008 resolved to pay
     an interim dividend of 30% amounting to an appropriation of Rs.346.41
     lakhs (including dividend tax and education cess of Rs.50.32 lakhs) for
     which the record date has been fixed as 15.02.2008.
   7.Investors' Complaints :
     Pending as at the beginning and end of the quarter - NIL
     Received and disposed off during the quarter - 1

  Chennai					           S.RAM
  31.01.2008	                                 Chairman & Managing Director

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