WALCHAND PEOPLEFIRST LIMITED
( Formerly Known as Walchand Capital Ltd.)
Registered Office: 5, Construction House, Walchand Hirachand Marg,
Ballard Estate, Mumbai 400 001.
AUDITED FINANCIAL RESULTS FOR THE FINANCIAL YEAR  ENDED MARCH 31, 2007.						(Rs. In Lacs)
	PARTICULARS	Nine Months Ended	Three Months Ended		Year Ended	Year Ended
		December 31	March 31		March 31	March 31
		Unaudited	Audited        Unaudited		Audited	Audited
		2006	2007	2006	2007	2006
1	Dale Carnegie  Income	371.93	221.51	93.39	593.44	317.87
2	Investment Income	58.98	37.87	41.19	96.85	86.79
3	Other Income	53.23	20.72	85.48	73.95	166.14
4	Provision written Back ( Investments )	0.00	0.00	0.00	0.00	19.09
	Total Revenue	484.14	280.10	220.06	764.24	589.89
5	Total Expenditure
	a)  Staff Cost	180.05	82.68	40.05	262.72	126.69
	b)  Training expenses	70.08	25.37	11.90	95.45	62.73
	c)  Other Expenditure	123.98	36.40	50.24	160.38	152.34
	d)  Advertisemnet & Sales Promotion Expenses	58.99	14.06	25.97	73.05	49.98
	e)  Royalty	47.60	27.26	11.51	74.86	40.45
	f)  Bad Debts/ Doubtful Assets Written Off	0.00	17.90	68.97	17.90	68.97
	g) Loss on sale of Investments	2.10	0.90	0.31	3.00	19.29
6	Interest	1.16	0.38	1.51	1.54	1.64
	Total Expenditure	483.95	204.95	210.46	688.90	522.09
7	Gross Profit/(Loss) after Interest but	0.19	75.15	9.60	75.34	67.80
	before Depreciation and Taxation
8	Depreciation , Amortisation & Impairment	29.51	11.52	13.64	41.02	39.16
9	Profit/(Loss) before Tax(7-8)	(29.32)	63.63	(4.04)	34.32	28.64
10	Provision for Taxation
	-  Fringe  Benefit Tax	3.96	1.77	0.91	(5.73)	5.06
	-  Current Tax	0.00	3.12	0.76	(3.12)	3.24
	-  Provision for Tax Earlier years	0.52	-	0.00	(0.52)	0.00
	-  Deferred Tax	0.00	227.67	0.00	227.67	0.00
11	Net Profit/(Loss)  (9-10)	(33.80)	296.19	(5.71)	252.62	20.34
12	Provision for Income Tax Written back ( Earlier Years )	0.00	0.00	14.66	0.00	14.66
13	Net Profit/(Loss)  after adjustments (11+12)	(33.80)	296.19	8.95	252.62	35.00
14	Paid-up Equity Share Capital				284.89	284.89
	(Face Value of Rs.100/- Each)
15	Reserves excluding revaluation reserve				1356.09	1136.81
16	Basic and Diluted EPS (Rs.) (Before Interest on Income Tax	(13.40)	100.53	3.14	87.13	(12.37)
	Refund)
17	Basic and Diluted EPS (Rs.)	(11.86)	100.53	3.14	88.67	12.29
18	Aggregate of Public Shareholding
	(a) Number of Shares	143,093	133,790	143,093	133,790	143,093
	(b) Percentage of Shareholding	50.23%	46.96%	50.23%	46.96%	50.23%
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 April 26,2007
2	The Company has relinquished it's status of Non Banking Financial Company during the year.
3	The Company has recognised Deferred Tax Asset amounitng to Rs. 227.67 lacs in accordance with Accounting Standard 22
	" Accounting Taxes On Income "
4	Line No. 3 (Other Income) : Previous year figures includes one time interest  income of Rs. 70.23 lacs received on Refund of Income Tax.
5	A  dividend of 10% has been recommended at the Board Meeting  subject to the approval of Shareholders .
6	Previous year's figures have been regrouped/rearranged wherever necessary.
7	There were no Investor complaints pending at opening and closing of the quarter. One complaint was received & resolved
	during the quarter.
	SEGMENT - WISE REVENUE RESULTS AND CAPITAL EMPLOYED
						(Rs. In Lacs)
	PARTICULARS	Nine Months Ended	Three Months Ended		Year Ended	Year Ended
		Dec 31,2006	March 31		March 31,2007	March 31,2006
		Unaudited	Unaudited		Audited	Audited
		2006	2007	2006
1	Segment Revenue:
a)	Investment activities	110.11	58.59	125.77	168.71	271.47
b)	Dale Carnegie Training Division	371.93	221.51	93.39	593.44	317.87
c)	Unallocated	2.10	0.00	0.90	2.10	3.60
	Income from Operations	484.14	280.10	220.06	764.24	592.94
2	Segment Results (PBT)
a)	Investment activities	39.26	32.35	25.37	71.62	80.48
b)	Dale Carnegie Training Division	(26.69)	45.55	(9.87)	18.86	3.82
c)	Less: Financial Expenses	1.16	0.38	1.51	1.54	1.64
d)	Less Unallocable Expenses net of
	unallocable income)	(40.73)	(14.39)	(18.03)	(55.12)	(54.02)
3	Total Profit Before Taxation	(29.32)	63.63	(4.04)	34.32	28.64
4	Capital Employed (Segment Assets-
	Segment Liabilities)				1,413.31	1,421.71
Note:
	Segmental Capital employed:
	Assets & Liabilities used by the Company can not be directly attributable /allocate to the reportable
	segments, hence capital employed shown above is consolidated figure.
			By order of the Board
	Mumbai,		(PALLAVI JHA)
	April 26th ,2007		Chairperson & Managing Director