WALCHAND PEOPLEFIRST LIMITED
PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED MARCH 31, 2009
				Rupees in Lacs
	Schedule	For the Year Ended 31.03.2009		For the Year Ended 31.3.2008
INCOME :
Dividend & Interest	L	28.48		33.76
Profit from Sale of Investments		0.34		99.88
Dale Carnegie Training Income		-		497.21
(Tax Deducted Rs  Nil   PY Rs 39.41 Lacs )
Other Income	M	104.26		88.86
	TOTAL	133.08		719.71
EXPENDITURE :
Employees' Remuneration & Other Expenses	N	76.19		801.11
Loss on Sale Of Investments		3.59		5.63
Interest		4.49		1.09
Depreciation, Amortisation & Impairment		19.60		37.31
	TOTAL	103.87		845.14
PROFIT BEFORE EXCEPTIONAL ITEM & TAX		29.21		(125.43)
Profit on Sale of Training Business		-		906.44
PROFIT BEFORE TAX (i)		29.21	-	781.01
Profit from continuing operations before tax
From Operating Activity				29.60
From Sale of Training Business				906.44
		-		936.04
Less : Provision for Tax
Minimum Alternative Tax - Current Year	(2.58)		(81.45)
Income Tax - Earlier Year	5.21		-
Fringe Benefit Tax	(0.74)		(8.00)
Deferred Tax	(146.58)		(53.04)
Wealth Tax	(3.15)		(3.13)
Provision for Tax (ii)		(147.84)		(145.62)
(Loss)/Profit from Continuing Operation after Tax		(118.63)		790.42
(Loss)/Profit  from Discontinued operations		-		(155.03)
Net Profit/( Loss )  for the Year		(118.63)		635.39
Balance Brought Forward		1,277.13		675.07
AMOUNT AVAILABLE FOR APPROPRIATION		1,158.50		1,310.46
APPROPRIATIONS :
Proposed Dividend		-		28.49
Dividend Distribution Tax		-		4.84
Balance carried to Balance Sheet		1,158.50		1,277.13
Basic & Diluted Earnings Per Share (refer Note No.6)		(41.64)		223.03
(Face value of Rs. 100 each)
SIGNIFICANT ACCOUNTING POLICIES AND NOTES TO ACCOUNTS	O	FOR AND ON BEHALF OF THE BOARD OF DIRECTORS
As per our attached report of even date		PALLAVI JHA __________________________
For Haribhakti  & Co.		Chairperson & Managing Director
Chartered Accountants
		SANJAY JHA    __________________________
		Whole Time  Director
RAKESH RATHI
Partner
		HARSHAD MANE ________________________
		Company Secretary
		SURESH JHANWAR ______________________
		Associate Vice President - Finance
Place: Mumbai
Date : 28.04.2009