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AUDITED FINANCIAL RESULTS FOR YEAR ENDED MARCH 31, 2008

(Rs. in Million)
Sl.No. PARTICULARS Year Ended Quarter Ended
    03.31.2008 03.31.2007 31.03.2008 31.03.2007
    Audited Audited Audited Audited
1 Income from Operations 584.31 21.20 184.29 12.50
2 Other Income 0.38 - 0.28 -
  Total Income 584.69 21.20 184.58 12.50
3 Expenditure        
  a) Consumption - - - -
  b) Staff Cost 376.58 2.68 114.64 0.32
  c) Admn & Other Expenses 105.05 10.19 48.97 1.18
  d) Other Expenditure 5.35 0.04 4.99 2.46
  Total Expenditure 486.98 12.92 168.59 3.96
4 Profit/(Loss) before Interest ,Depreciation & Tax 97.71 8.28 15.98 8.55
5 Interest 7.88 - 2.55 -
6 Profit/(Loss) before Depreciation & Tax 89.84 8.28 13.44 8.55
7 Depreciation 2.98 0.57 1.43 0.17
8 Profit/(Loss) before Tax 86.85 7.71 12.01 8.38
9 Extra Ordinary Items Gain/(Loss) - (1.38) - -
10 Profit/(Loss) before Tax 86.85 6.34 12.01 8.38
11 Provision for Tax (Including Fringe Benefit Tax) 13.70 0.11 2.97 0.02
12 Net Profit/(Loss) 73.15 6.22 9.04 8.36
13 Paid up Equity Share Capital 359.10 56.32 359.10 56.32
14 Preference Share Capital 40.56 40.56 40.56 40.56
15 Reserves excluding revaluation reserves 748.54 - 748.54 -
16 Earning Per Share (Rs. )        
  Basic (Rs. ) 0.35 0.11 0.04 0.15
  Diluted (Rs. ) 0.28 - 0.03  
17 Aggregate of Non-Promoter shareholding        
  Number of Shares 356,621,892 538,333,016 356,621,892 538,333,016
  Percentage of Shareholding (%) 99.31 95.58 99.31 95.58
Note:
1. The above audited results have been taken on record by the Board of Directors at their meeting held on 09.05.2008.
2. The above results were considered and approved by the Audit Committee before placing before the Board.
3. Figures are re-grouped wherever necessary.
4. Investors Grievances – Opening – Nil, Received – Nil, Attended – Nil, Redirected - Nil, Closing - Nil.