UNAUDITED  FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTH ENDED DECEMBER 31, 2008.
											(Rs. In Lacs)
	PARTICULARS	STANDALONE					CONSOLIDATED
		Quarter  Ended		Nine Months Ended		Year Ended	Quarter  Ended		Nine Months Ended		Year Ended	Year Ended
		31-Dec		31-Dec		March 31	31-Dec		31-Dec		March 31	March 31
		Unaudited		Unaudited		Audited	Unaudited		Unaudited		Audited	Audited
		2008	2007	2008	2007	2008	2008	2007	2008	2007	2008	2007
1	(a) Income from Operations -Training  & Consulting Income	-	52.64	-	497.87	497.21	209.56	256.30	901.72	701.53	992.21	593.44
	'-Investment Income	0.24	46.14	3.40	100.66	133.64	0.24	46.14	3.40	100.66	133.64	96.85
	'-Training Center Income	-	-	-	-	-	-	-	-	-	-
	(b) Other Operating Income	-	-	-	-	-	5.87	-	8.09	-	-
	Total (a+b)	0.24	98.78	3.40	598.53	630.85	215.67	302.44	913.20	802.19	1,125.85	690.29
2	Expenditure
	a)  Staff Cost	10.31	59.27	32.36	314.11	398.40	180.99	207.20	573.74	462.04	716.60	262.72
	b)  Training expenses	-	5.20	-	119.06	92.27	26.01	45.27	68.22	159.13	167.72	95.45
	c)  Other Expenditure	6.72	20.22	23.99	135.79	175.83	49.44	92.81	165.19	208.38	323.51	160.38
	d)  Advertisement & Sales Promotion Expenses	-	8.00	-	56.65	44.28	6.28	100.22	36.94	148.87	151.63	73.05
	e)  Rental Expenses	0.12	3.05	0.25	17.26	25.05	62.07	40.62	163.30	54.83	114.16
	f)  Royalty	-	7.63	-	65.28	65.28	27.65	38.92	116.97	96.57	140.58	74.86
	g)  Bad Debts/ Doubtful Assets Written Off	-	-	-	-		-	-	-	-	-	17.90
	g)  Loss on sale of Investments	1.00	2.52	3.59	4.90	5.63	1.00	2.52	3.59	4.90	5.63	3.00
	h)  Depreciation , Amortisation & Impairment	4.93	7.46	14.78	31.49	37.31	14.64	11.57	45.50	35.60	54.89	41.02
	j) Total	23.08	113.35	74.97	744.54	844.05	368.08	539.13	1,173.46	1,170.32	1,674.72
3	Profit / (Loss) from Operations before Other Income, Interest & Exceptional Items (1-2)	(22.84)	(14.57)	(71.57)	(146.01)	(213.20)	(152.41)	(236.69)	(260.25)	(368.13)	(548.87)
4	Other Income	32.64	17.17	70.64	53.71	88.86	34.85	17.22	74.13	53.76	91.68	73.95
5	Profit / (Loss) from Operations before Interest & Exceptional Items (3 - 4)	9.80	2.60	(0.93)	(92.30)	(124.34)	(117.56)	(219.47)	(186.13)	(314.37)	(457.19)
6	Interest	0.38	0.16	3.43	0.94	1.09	5.45	0.29	13.45	1.07	1.35	1.54
	Total  (4+5)	66.13	232.07	151.51	1,305.43	1,440.50	506.49	639.60	1,988.11	1,712.96	2,436.41	803.88
6	Profit / (Loss) after Interest but	(65.89)	(133.29)	(148.12)	(706.90)	(809.65)	(942.94)	(373.05)	(1,074.92)	(1,207.80)	(1,310.55)	(113.59)
	before Depreciation and Taxation
7	(LOSS)/ PROFIT BEFORE EXCEPTIONAL ITEM & TAX	(70.82)	(140.75)	(162.89)	(738.39)	(846.96)	(957.58)	(384.62)	(1,120.42)	(1,243.40)	(1,365.44)	(154.61)
7	Profit / (Loss) from Operations before Exceptional Items (5 - 6)	9.42	2.44	(4.36)	(93.24)	(125.43)	(123.01)	(219.76)	(199.58)	(315.44)	(458.54)
8	Exceptional Item (Profit on Sale of Training Business )	-	775.68	-	775.68	906.44	-	-	-	-		-
	Exceptional Item (Provision for income tax written back )		-		-	-	-	-	-	-	-
9	Profit / (Loss) from ordinary activities before Tax  (7+ 8 )	9.42	778.12	(4.36)	682.44	781.01	(123.01)	(219.76)	(199.58)	(315.44)	(458.54)	(154.61)
10	Tax Expenses						-
	-  Fringe  Benefit Tax	(0.06)	(2.70)	(0.56)	(7.50)	(8.00)	(2.26)	(2.70)	(6.46)	(7.50)	(9.00)	(5.73)
	-  Income Tax - Current period	-	(75.00)	-	(75.00)	(81.45)	-	(75.00)	-	(75.00)	(81.45)
	-  Income Tax - Earlier year (net of expenses)	(0.00)	-	5.21	-		(0.00)	-	5.21	-	-	0.00
	-  Wealth  Tax	(0.78)	(0.78)	(2.34)	(2.34)	(3.13)	(0.78)	(0.78)	(2.34)	(2.34)	(3.13)	(3.12)
	-  Provision for Fringe Benefit Tax of earlier years	-	-	-	-	-	-	-	-	-	-	(0.52)
	-  Deferred Tax	(62.70)	(31.57)	(100.38)	(6.17)	(53.04)	(62.70)	(31.57)	(100.38)	(6.17)	(53.04)	227.67
	Total	(63.54)	(110.05)	(98.07)	(91.01)	(145.62)	(65.74)	(110.05)	(103.97)	(91.01)	(146.62)
11	Profit / (Loss) from ordinary activities after Tax  (9 - 10)	(54.12)	668.07	(102.43)	591.43	635.39	(188.76)	(329.81)	(303.55)	(406.45)	(605.16)	64.73
12	Extraordinary  Items	-	-	-	-	-	-	-	-	-	-
13	Net Profit / (Loss) for the period (11 +- 12)	(54.12)	668.07	(102.43)	591.43	635.39	(188.76)	(329.81)	(303.55)	(406.45)	(605.16)
14	Paid-up Equity Share Capital	284.89	284.89	284.89	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	-	-	-	-	716.22	1,356.09
16	Basic & Diluted EPS before and after Extraordinary items for the period. (not to be annualized) (Rs.)	(19.00)	234.50	(35.95)	207.60	223.03	(66.26)	(115.77)	(106.55)	(142.67)	(212.42)	22.72
	Diluted EPS before and after Extraordinary items for the period. (not to be annualized) (Rs.)	(19.00)	234.50	(35.95)	207.60	223.03	(66.26)	(115.77)	(106.55)	(142.67)	(212.42)	0.00
17	Dividend Per Share ( DPS)	-	-	-	-	10.00	-	-	-	-	10.00
18	Aggregate of Public Shareholding
	(a) Number of Shares	133,952	133,952	133,952	133,952	133,952	133,952	133,952	133,952	133,952	133,952	133,790
	(b) Percentage of Shareholding	47.02%	47.02%	47.02%	47.02%	47.02%	47.02%	47.02%	47.02%	47.02%	47.02%	46.96%
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 January  27, 2009
2	The statutory auditors of the company have carried out limited review of the above financial results of the company for the quarter and nine months ended December 31, 2008.
3	Consolidated financial results and consolidated segment results for the quarter ended Dec, 2007 and nine months period ended Dec, 2007 have not been subjected to limited review of statutory auditors as the company had not opted to submit the consolidated quarterly results to the stock exchange at that point of time.
4	The financial statements have been prepared in accordance with the Accounting Standard prescribed by the Institute of Chartered Accountants of India.
5	Since Walchand TalentFirst Ltd. is a 100% subsidary of Walchand PeopleFirst Ltd,  there is no minority interest.
6	No Investor complaints were pending at opening and at the end of the quarter.
	Complaints received & resolved  during the quarter -  One
7	Investment income includes dividend, interest on securities and profit realised on sale of investments.
8	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)	(Rs. In Lacs)
		STANDALONE					CONSOLIDATED
	PARTICULARS	Quarter  Ended		9M Ended		Year Ended	Quarter		Nine Months Ended		Year Ended	Year Ended
		31-Dec		31-Dec		March 31	December 31		December 31		March 31	March 31,2007
		Unaudited	Unaudited	Unaudited	Unaudited	Audited	Unaudited	Unaudited	Unaudited	Unaudited	Audited	Audited
		2008	2007	2008	2007	2008	2008	2007	2008	2007	2008
1	Segment Revenue:
	a) Investment activities	0.24	46.14	3.40	100.66	133.64	0.24	46.14	3.40	100.66	133.64	94.75
	b) Training & Consulting Income	-	52.64	-	497.87	497.21	215.43	256.30	909.81	701.53	992.21	593.44
	c) Profit from slump sale	-	775.68	-	775.68	906.44	-	-	-	-	-
	d) Unallocated	-	-	-	-	-						2.10
	Net Income from Operations	0.24	874.46	3.40	1374.21	1537.29	215.67	302.44	913.20	802.19	1125.85	690.29
2	Segment Results (PBIT)
	a) Investment activities	(22.84)	44.32	(71.57)	83.85	30.32	(22.84)	0.00	(71.57)	0.00	30.32	(117.32)
	b) Training & Consulting  Income	-	(11.01)	-	(113.97)	(154.66)	(129.58)	(219.47)	(188.69)	(314.37)	(487.51)	18.86
	c) Profit from slump sale	-	-	-	-	906.44	-	-	-	-	-
	Total	(22.84)	33.31	(71.57)	(30.12)	782.10	(152.41)	(219.47)	(260.25)	(314.37)	(457.19)
	Less : i)  Interest Expenses	(0.38)	(0.16)	(3.43)	(0.94)	(1.09)	(5.45)	(0.29)	(13.45)	(1.07)	(1.35)	1.54
	ii) Loss on Sales of Investments	-	-	-	-	-	-	-	-	-	-	3.00
	ii) Unallocable Expenses (net of unallocable income)	32.64	744.97	70.64	713.50	-	34.85	-	74.13	-	-	(54.62)
	Total Profit Before Taxation	9.42	778.12	(4.36)	682.44	781.01	(123.01)	(219.76)	(199.58)	(315.44)	(458.54)	(154.61)
3	Capital Employed (Segment Assets-Segment Liabilities)
	a) Investment activities	2,265.72	1958.76	2,265.72	1958.76	2312.57	734.93	2203.28	734.93	2203.28	923.09	1046.56
	b) Training & Consulting Income	-	226.13	-	226.13	-	89.12	(222.20)	89.12	(222.20)	148.93	163.66
	c) Unallocated	(126.49)	29.12	(126.49)	29.12	(70.91)	(126.49)	29.12	(126.49)	29.12	(70.91)	225.04
	Total	2,139.23	2,214.02	2,139.23	2,214.02	2,241.66	697.57	2,010.21	697.57	2,010.21	1,001.11
						By order of the Board
	Mumbai					(PALLAVI JHA)
	January 27, 2009					Chairperson & Managing Director