(Rs. In Lacs)
	PARTICULARS	STANDALONE - WPFL						CONSOLIDATED
		Quarter  Ended		Half Year Ended			Year Ended	Quarter Ended	HY Ended	Year Ended
		30-Sep		30-Sep			31-Mar	30-Sep	30-Sep	31-Mar
		Unaudited		Unaudited			Audited	Unaudited	Unaudited	Audited
		2008	2007	2008	2007	2006	2008	2008	2008	2008
1	(a) Income from Operations -Training  Income	-	277.92	-	445.23	115.63	497.21	392.26	659.27	992.21
	Investment Income	1.36	24.66	3.16	54.52	7.41	133.64	1.36	3.16	133.64
	(b) Other Operating Income	-	-	-	-		-	27.28	35.11	-
	Total (a+b)	1.36	302.58	3.16	499.75	123.04	630.85	420.91	697.54	1,125.85
2	Expenditure
	a)  Staff Cost	9.39	138.40	22.05	283.61	50.78	398.40	185.23	392.75	716.60
	b)  Training expenses	-	61.45	-	85.09	20.02	92.27	23.18	44.72	167.72
	c)  Other Expenditure	6.59	64.89	16.97	115.57	30.22	163.33	59.26	115.46	311.01
	d)  Advertisement & Sales Promotion Expenses	0.32	32.46	0.43	48.65	25.20	44.28	11.36	31.10	151.63
	e)  Rental Expenses	-	8.71	-	14.21		25.05	50.32	101.10	114.16
	f)  Royalty	-	35.93	-	57.66	14.91	65.28	43.92	86.81	140.58
	g)  Bad Debts/ Doubtful Assets Written Off	-	-	-	-	-	12.50	-	-	12.50
	h)  Loss on sale of Investments	2.04	0.93	2.59	2.38	0.12	5.63	2.04	2.59	5.63
	I)   Depreciation , Amortisation & Impairment	4.93	11.97	9.85	24.04	9.30	37.31	15.50	30.86	54.89
	j)  Total	23.27	354.74	51.89	631.21	150.55	844.05	390.81	805.39	1,674.72
3	Profit / (Loss) from Operations before Other Income, Interest & Exceptional Items ( 1- 2 )	(21.91)	(52.16)	(48.73)	(131.46)	(27.51)	(213.20)	30.09	(107.86)	(548.87)
4	Other Income	28.65	19.95	43.91	36.54	21.86	88.86	29.21	45.19	91.68
5	Profit / (Loss) from Operations before Interest & Exceptional Items ( 3 + 4 )	6.74	(32.21)	(4.82)	(94.92)	(5.65)	(124.34)	59.30	(62.67)	(457.19)
6	Interest	2.85	0.37	3.05	0.77	0.25	1.09	6.03	8.01	1.35
	Total  (4+5)	62.87	645.44	97.21	1,073.36	290.05	1,440.50	906.25	1,493.46	2,436.41
6	Profit / (Loss) after Interest but	(61.51)	(342.86)	(94.05)	(573.61)	(167.01)	(809.65)	(1,152.51)	(795.93)	(1,310.55)
	before Depreciation and Taxation
7	(LOSS)/ PROFIT BEFORE EXCEPTIONAL ITEM & TAX	(66.44)	(354.83)	(103.90)	(597.65)	(176.31)	(846.96)	(1,168.01)	(826.79)	(1,365.44)
7	Profit / (Loss)  from Operations before Exceptional Items  ( 5 - 6 )	3.89	(32.58)	(7.87)	(95.69)	(5.90)	(125.43)	53.27	(70.68)	(458.54)
8	Exceptional Item (Profit on Sale of Training Business )	-	-	-	-		906.44	-	-
	Exceptional Item (Provision for income tax written back )		-	-	-		-			-
9	Profit/(Loss) from ordinary activities before Tax  ( 7+ 8 )	3.89	(32.58)	(7.87)	(95.69)	(5.90)	781.01	53.27	(70.68)	(458.54)
10	Tax Expenses
	-  Fringe  Benefit Tax	(0.25)	(2.70)	(0.50)	(4.80)	(1.06)	(8.00)	(2.95)	(4.20)	(9.00)
	-  Income Tax - Current period	-	-	-	-	-	(81.45)	-	-	(81.45)
	-  Income Tax - Earlier year	(0.70)	-	(0.70)	-		-	(0.70)	(0.70)	-
	-  Wealth  Tax	(0.78)	(0.78)	(1.56)	(1.56)	-	(3.13)	(0.78)	(1.56)	(3.13)
	-  Provision for Fringe Benefit Tax of earlier years	-	-	-	-	-	-	-	-	-
	-  Deferred Tax	(40.97)	-	(37.68)	25.40	-	(53.04)	(40.97)	(37.68)	(53.04)
	Total	(42.70)	(3.48)	(40.44)	19.04	(1.06)	(145.62)	(45.40)	(44.14)	(146.62)
11	Profit / (Loss) from ordinary activities after Tax  ( 9 - 10 )	(38.81)	(36.06)	(48.31)	(76.65)	(4.84)	635.39	7.87	(114.82)	(605.16)
12	Extraordinary  Items	-	-	-	-		-	-	-	-
13	Net Profit / (Loss) for the period	(38.81)	(36.06)	(48.31)	(76.65)	(4.84)	635.39	7.87	(114.82)	(605.16)
14	Paid-up Equity Share Capital	284.89	284.89	284.89	284.89		284.89	284.89	284.89	284.89
	(Nominal Value of Rs.100/- each)
15	Reserves excluding revaluation reserve	-	-	-	-		1,956.77	-	-	1,993.34
16	Basic and Diluted EPS before and after Extraordinary items for the period. (not to be annualized) (Rs.)	(13.62)	(12.67)	(16.96)	(26.91)	(1.70)	223.03	2.76	(40.30)	(212.42)
	Diluted EPS before and after Extraordinary items for the period. (not to be annualized) (Rs.)	-	-	-	-	(1.70)	-	-	-	-
17	Dividend Per Share ( DPS) (Rs)	-	-	-	-		10.00	-	-	10.00
18	Aggregate of Public Shareholding
	(a) Number of Shares	133,952	133,790	133,952	133,790	143,093	133,952	133,952	133,952	133,952
	(b) Percentage of Shareholding	47.02%	46.96%	47.02%	46.96%	50.23%	47.02%	47.02%	47.02%	47.02%
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  24 ' 2008
2	The statutory auditors of the Company have carried out Limited Review of the above Financial Results of the Company for the period ended September 30, 2008.
3	The financial statements have been prepared in accordance with the Accounting Standard prescribed by the Institute of Chartered Accountants of India.
4	Since Walchand TalentFirst Ltd. is a 100% subsidary of Walchand Peoplefirst Ltd,  there is no Minority Interest.
5	In accordance  with Accounting Standard 22 " Accounting for Taxes on Income", Walchand TalentFirst Ltd has not recognised in its financial statements the deferred Tax Asset amounting to Rs  112.28 Lacs for the want of virtual certainty of realisation of such assets.
6	No Investor complaints were pending at opening and at the end of the quarter.
	Complaints received during the quarter - Nil
7	Investment income includes dividend, interest on securities and profit realised on sale of investments.
8	For comparable period September 30,  2007, there was no subsidiary company at that time and hence no consolidated figures have been shown for that period.
9	Previous year's figures have been regrouped / rearranged wherever necessary.
	Place: Mumbai,
	July 31, 2008
	SEGMENT - WISE REVENUE RESULTS AND CAPITAL EMPLOYED
										(Rs. In Lacs)
	PARTICULARS	STANDALONE -WPFL						CONSOLIDATED
		Quarter  Ended		Half Year  Ended			Year Ended	Quarter	Half Year	Consolidated
		30-Sep		30-Sep			31-Mar	30-Sep	30-Sep	31-Mar
		Unaudited	Unaudited	Unaudited	Unaudited		Audited	Unaudited	Unaudited	Audited
		2008	2007	2008	2007	2006	2008	2008	2008	2008
1	Segment Revenue:
	a) Investment activities	1.36	24.66	3.16	54.52	6.51	133.64	1.36	3.16	133.64
	b) Training activities	-	277.92	-	445.23	115.63	497.21	419.55	694.38	992.21
	c) Others  - Profit from slump sale	-	-	-	-		906.44	-	-	-
	d) Unallocated	-	-	-	-	0.90	-
	Net Income from Operations	1.36	302.58	3.16	499.75	123.04	1537.29	420.91	697.54	1125.85
2	Segment Results (PBIT)
	a) Investment activities	(2.50)	17.69	(14.06)	39.69	(164.51)	30.32	(2.50)	(14.06)	30.32
	b) Training activities	-	(49.89)	-	(134.61)	(0.81)	(154.66)	52.55	(57.86)	(487.51)
	c) Other - Profit from slump sale	-	-	-	-		906.44	-	-
	Total	(2.50)	(32.20)	(14.06)	(94.92)	(165.32)	782.10	50.05	(71.92)	(457.19)
	Less : i)  Interest Expenses	(2.85)	(0.37)	(3.05)	(0.77)	0.25	(1.09)	(6.03)	(8.01)	(1.35)
	ii) Loss on Sales of Investments	-	-	-	-	0.12	-	-	-	-
	ii) Interest Income	9.24	-	9.24	-	(10.87)	-	9.24	9.24	-
	Total Profit Before Taxation	3.89	(32.57)	(7.87)	(95.69)	(175.82)	781.01	53.27	(70.68)	(458.54)
3	Capital Employed (Segment Assets-Segment Liabilities)
	a) Investment activities	2,289.70	957.69	2,289.70	957.69	1103.00	2312.56	1433.64	1433.64	923.08
	b) Training activities	-	139.10	-	139.10	96.92	-	(446.26)	(446.26)	148.93
	c) Unallocated	(96.37)	217.23	(96.37)	217.23	233.92	(70.91)	(101.07)	(101.07)	(70.91)
	Total	2,193.33	1,314.02	2,193.33	1,314.02	1,433.84	2,241.65	886.30	886.30	1,001.10
								By order of the Board
	Mumbai							(PALLAVI JHA)
	October 24, 2008							Chairperson & Managing Director