UNAUDITED  FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER  30, 2009.
										( Rs. In Lakhs)					(Rs. In Lacs)
	PARTICULARS	Stand Alone - WPFL					WTFL					Consolidated
		Quarter  Ended		Half Year Ended		Year Ended	Quarter  Ended		Half Year Ended		Year Ended	Quarter  Ended		HY Ended		Year Ended
		30-Sep		30-Sep		March 31					March 31	30-Sep		30-Sep		March 31
		Unaudited		Unaudited		Audited	Unaudited		Unaudited		Audited	Unaudited		Unaudited		Audited
		2009	2008	2009	2008	2009	2009	2008	2009	2008	2009	2009	2008	2009	2008	2009
1	a) Income from Operation - Training & Consulting Income					-	276.20	392.26	488.35	659.27	1,168.06	276.20	392.26	488.35	659.27	1,168.06
	-  Investment Income	6.11	1.36	13.78	3.16	28.83	0		-			1.01	1.36	3.96	3.16	10.60
	b) Other Operating Income					-	-
	Total (a+b)	6.11	1.36	13.78	3.16	28.83	276.20	392.26	488.35	659.27	1,168.06	277.21	393.62	492.31	662.43	1,178.65
2	Expenditure
	a)  Staff Cost	11.41	9.39	22.60	22.05	42.72	99.64	175.84	219.08	370.70	678.04	111.02	185.23	241.67	392.75	720.75
	b) Trainng Expenses				-	-	16.36	23.18	26.79	44.72	87.79	16.36	23.18	26.79	44.72	87.79
	c)Training Centre Expense						52.53		107.02		51.61	52.51		107.00		58.44
	d)  Other Expenditure	8.49	4.61	13.21	13.72	27.34	29.09	49.13	69.32	93.91	179.68	37.60	53.73	82.55	107.75	200.18
	e)  Advertisement & Sales Promotion Expenses	0.27	0.32	0.53	0.43	0.97	1.71	11.04	1.71	30.66	36.37	1.98	11.36	2.24	31.10	37.34
	f) Rental Expenses	0.02	0.07	0.04	0.13	0.27	33.99	50.26	68.72	101.10	180.61	34.01	50.32	68.76	101.10	180.88
	g)  Royalty				-	-	26.71	43.92	44.21	86.81	145.22	26.71	43.92	44.21	86.81	145.22
	h) Professional Expense	3.68	1.91	4.36	3.12	4.89	0.93	3.61	1.78	4.58	6.83	4.61	5.53	6.14	7.71	11.73
	h) Loss on sale of Investments	0.00	2.04	0.07	2.59	3.59	-	-	-	-	-	0.00	2.04	0.07	2.59	3.59
	i) Depreciation , Amortisation & Impairment	7.46	4.93	11.63	9.85	19.60	33.54	35.75	66.82	71.37	141.81	15.82	15.50	28.09	30.86	60.69
	j) Total	31.32	23.27	52.42	51.89	99.38	294.51	392.73	605.46	803.85	1,507.96	300.62	390.81	607.52	805.39	1,506.61
3	Profit /(Loss) from Operations before Other Income, Interest & Exceptional Items (1-2)	(25.21)	(21.91)	(38.64)	(48.73)	(70.55)	(18.31)	(0.47)	(117.11)	(144.58)	(339.90)	(23.41)	2.81	(115.21)	(142.96)	(327.96)
4	Other Income	27.65	28.65	58.35	43.91	104.26	1.57	27.84	11.84	36.38	45.45	29.22	56.49	70.19	80.30	149.71
5	Profit /(Loss)from Operations before Interest & Exceptional Items (3+4)	2.44	6.74	19.71	(4.82)	33.71	(16.74)	27.37	(105.27)	(108.20)	(294.45)	5.81	59.30	(45.02)	(62.66)	(178.25)
6	Interest	0.84	2.85	1.71	3.05	4.49	12.66	3.18	24.17	4.95	32.88	8.40	6.03	16.06	8.01	19.15
7	Profit /(Loss)from Operations before Exceptional Items (5-6)	1.60	3.89	18.00	(7.87)	29.22	(29.40)	24.19	(129.44)	(113.15)	(327.33)	(2.59)	53.27	(61.08)	(70.67)	(197.40)
7	(LOSS)/ PROFIT BEFORE EXCEPTIONAL ITEM & TAX		(45.34)			(1,006.78)										(2,188.14)
8	Exceptional Item	-	-	-	-	-	-	-			-	-	-			0.00
9	Profit/(Loss) from ordinary activities before Tax  (7-8)	1.60	3.89	18.00	(7.87)	29.22	(29.40)	24.19	(129.44)	(113.15)	(327.33)	(2.59)	53.27	(61.08)	(70.67)	(197.40)
UNAUDITED  FINANCIAL RESULTS FOR THE QUARTER  ENDED SEPTEMBER  30, 2009.
																(Rs. In Lacs)
	PARTICULARS	Stand Alone - WPFL					WTFL					Consolidated
		Quarter  Ended		Half Year Ended		Year Ended	Quarter  Ended		Half Year Ended		Year Ended	Quarter  Ended		Half Year Ended		Year Ended
		30-Sep		30-Sep		March 31					March 31	30-Sep		30-Sep		March 31
		Unaudited		Unaudited		Audited	Unaudited		Unaudited		Audited	Unaudited		Unaudited		Audited
		2009	2008	2009	2008	2009	2009	2008	2009	2008	2009	2009	2008	2009	2008	2009
10	Tax Expenses
	-  Fringe  Benefit Tax	-	0.25	-	0.50	0.74	-	2.70	-	3.70	7.90	-	2.95	-	4.20	8.63
	-  Income Tax- Current Period	0.86	-	3.19		2.58	-		-			0.86	-	3.19	-	2.58
	-  Income Tax- Earlier Years	-	0.70	0.17	0.70	(5.21)	-		-			-	0.70	0.17	0.70	(5.21)
	-  Wealth  Tax	0.72	0.78	1.50	1.56	3.15	-		-			0.72	0.78	1.50	1.56	3.15
	-  Provision for Fringe Benefit Tax of earlier years	0.18	-	0.18		-	0.53		0.53			0.71		0.71		-
	-  Deferred Tax	0.00	40.97	2.89	37.68	146.58	-					-	40.97	2.89	37.68	146.58
	Total	1.75	42.70	7.92	40.44	147.84	0.53	2.70	0.53	3.70	7.90	2.28	45.40	8.45	44.14	155.73
11	Net Profit/(Loss) for the period (9-10)	(0.15)	(38.81)	10.08	(48.31)	(118.63)	(29.93)	21.49	(129.97)	(116.85)	(335.23)	(4.87)	7.87	(69.53)	(114.81)	(353.13)
12	Minority Interest		-		-			-	-	-	-	(0.99)		(4.31)	-	(1.95)
13	Net Profit/(Loss) for the Holding Company (11-12)	(0.15)	(38.81)	10.08	(48.31)	(118.63)	(29.93)	21.49	(129.97)	(116.85)	(335.23)	(3.88)	7.87	(65.21)	(114.81)	(351.18)
14	Paid-up Equity Share Capital (Rs)	284.89	284.89	284.89	284.89	284.89	1,308.44	1,265.00	1,308.44	1,265.00	1,308.44	284.89	284.89	284.89	284.89	284.89
	(Nominal Value Of Rs.100 each)
15	Reserves excluding revaluation reserve		-			1,838.14					(619.81)				-	414.56
16	Basic and Diluted EPS before and after Extraordinary	(0.05)	(13.62)			(41.64)						(1.36)				(123.95)
	items for the period (not to be annualized) (Rs.)			3.54	(16.96)		(0.23)	0.21	(0.99)	(1.13)	(2.89)		2.76	(22.89)	(40.30)
17	Aggregate of Public Shareholding
	(a) Number of Shares	137529	133,952	137,529	133,952	133,952	########	-	########	-	########	137,529	133,952	137,529	133,952	133,952
	(b) Percentage of Shareholding	48.27%	47.02%	48.27%	47.02%	47.02%	3.32%	0%	3.32%	0%	3.32%	48.27%	47.02%	48.27%	47.02%	47.02%
18	Promoters and promoter group Shareholding
	(a) Pledged/ Encumbered	NIL		NIL		NIL	NIL		NIL		NIL	NIL		NIL		NIL
	- Number of shares
	- Percentage of shares( as a% of the total shareholding
	of promotor and promotor group)
	- Percentage of shares( as a% of the total share capital
	of the company.)
	(b) Non - encumbered
	- Number of shares	147361		147361		150938	12650000		12650000		12650000	147361		147361		150938
	- Percentage of shares( as a% of the total shareholding	100%		100%		100%	100%		100%		100%	100%		100%		100%
	of promotor and promotor group)
	- Percentage of shares( as a% of the total share capital	51.73%		51.73%		52.98%	96.68%		96.68%		96.68%	51.73%		51.73%		52.98%
	of the company.)
NOTES:
1	The above results have been reviewed by the Audit Committee and were taken on record by the Board of Directors at its meeting
	held on October 30, 2009.
2	The Statutory Auditors of the company have carried out limited review of the above financial results of the company for the
	quarter ended September 30,2009.
3	The financial statements have been prepared in accordance with the Accounting Standard prescribed by   the
	Companies( Accounting Standards) Rules,2006.
4	Walchand TalentFirst Ltd. is a 96.68% subsidary of Walchand Peoplefirst Ltd, hence  Minority Interest has been shown seperately.
5	No Investor complaints were pending at opening and at the end of the quarter.
	Complaints received & resolved  during the quarter -  Nil
6	Investment income includes dividend, interest on securities , Interest on loans & advances and profit realised on sale of investments.
7	Previous year's figures have been regrouped / rearranged wherever necessary.
8	During the current quarter, the Board of Directors of Walchand People First Limited and Walchand Talent First Limited
	have approved the scheme of merger of  Walchand Talent First Limited with Walchand People First Limited.
	The scheme has been filed with the Bombay Stock Exchange for approval.
9	In standalone results for the quarter and half year ended on 30thSep,2009 of  Walchand People First Limited, the interest income from
	Walchand Talent First Limited  ( subsidiary of Walchand People First Limited) of Rs 5.10 lakhs and Rs.9.82 lakhs respectively have been duly
	recognised and would be required to be reversed on the approval  of the merger scheme with effect from the appointed date - 1st April,2009.
									By order of the Board				By order of the Board
	July 31,2009
	Place: Mumbai,
	July 31, 2008
	Place :Mumbai,								(Pallavi Jha)				(PALLAVI JHA)
	Date   :October 30,2009								Chairperson & Managing Director				Chairperson & Managing Director
	SEGMENT - WISE REVENUE RESULTS AND CAPITAL EMPLOYED
					(Rs. In Lacs)
		Consolidated - WPFL					WTFL
	PARTICULARS	Quarter  Ended		Half Year Ended		Year Ended	Quarter  Ended		Half Year Ended		Year Ended
		30-Sep		30-Sep		March 31					March 31
		Unaudited		Unaudited		Audited	Unaudited		Unaudited		Audited
		2009	2008	2009	2008	2009	2009	2008	2009	2008	2009
1	Segment Revenue:
	a) Investment activities	1.01	1.36	3.96	3.16	10.60
	b) Training & Consulting Income	276.20	392.26	488.35	659.27	1168.06	276.20	392.26	488.35	694.38	1168.06
	c) Profit from slump sale		-			0.00
	d) Unallocated					0.00
	c) Unallocated	29.22	56.51	70.19	80.30	149.71	1.57	27.84	11.84	36.38	45.45
	Net Income from Operations	306.43	450.13	562.50	742.73	1328.37	277.77	420.10	500.19	730.76	1213.51
2	Segment Results (PBIT)
	a) Investment activities	(30.31)	(22.15)	(48.22)	(48.73)	(88.51)		0.00			0.00
	b) Training & Consulting Income	6.88	24.71	(66.75)	(94.22)	(239.19)	(18.31)	(0.47)	(117.11)	(144.58)	(339.91)
	c) Profit from slump sale		-					0.00			0.00
	c) Unallocated	29.22	56.77	69.95	80.29	149.44	1.57	27.84	11.84	36.38	45.45
	Total	5.79	59.33	(45.02)	(62.66)	(178.26)	(16.74)	27.37	(105.27)	(108.20)	(294.46)
	Less : i)  Interest Expenses	8.40	6.03	16.06	8.00	19.15	12.66	3.18	24.17	4.95	32.88
	Total Profit Before Taxation	(2.61)	53.27	(61.08)	(70.68)	(197.40)	(29.40)	24.19	(129.44)	(113.15)	(327.34)
3	Capital Employed (Segment Assets-Segment Liabilities)
	a) Investment activities	432.61	1433.64	432.61	1433.64	431.90
	b) Training & Consulting Income	(132.67)	(446.26)	(132.67)	(446.26)	(37.53)	322.75	814.04	322.75	814.04	490.82
	c) Unallocated	371.48	(101.07)	371.48	(101.07)	346.58	235.91		235.91		197.81
	Total	671.42	886.31	671.42	886.30	740.95	558.66	814.04	558.66	814.04	688.63
																1,481.90
			By order of the Board
	Place :Mumbai,		(Pallavi Jha)
	October 30,2009		Chairperson & Managing Director