WALCHAND PEOPLEFIRST LIMITED
PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED MARCH 31, 2007
			For the Year	For the Year
			Ended	Ended
	Schedule		31.03.2007	31.3.2006
			Rupees in Lacs	Rupees in Lacs
INCOME :
Dividend & Interest	L		44.65	98.03
Profit from Sale of Investments			56.79	57.19
Dale Carnegie Training Income			578.68	312.50
(Tax Deducted Rs. 24.46 Lacs  P. Y.  Rs.13.53 Lacs )
Website development & maintenance Fees			2.10	3.60
(Tax Deducted Rs. 0.05 Lacs P. Y. Rs. 0.08 Lacs )
Other Income	M		82.02	118.57
	TOTAL		764.24	589.89
EXPENDITURE :
Employees' Remuneration & Other Expenses	N		684.36	501.16
Loss on Sale Of Investments			3.00	19.29
Interest			1.54	1.64
Depreciation, Amortisation & Impairment			41.02	39.16
	TOTAL		729.92	561.25
PROFIT BEFORE TAXATION			34.32	28.64
Provision for Fringe Benefit Tax			(5.73)	(5.06)
Provision for  Wealth Tax			(3.12)	(3.24)
Provision for Fringe Benefit Tax (Earlier Year)			(0.52)	0.00
Provision for Taxation - Deferred			227.67	0.00
PROFIT After Taxes For The Year			252.62	20.34
Provision for Income Tax Written back (Earlier Years)			0.00	14.66
NET PROFIT			252.62	35.00
Balance Brought Forward			455.78	453.26
AMOUNT AVAILABLE FOR APPROPRIATION			708.40	488.26
APPROPRIATIONS :
Interim Dividend			-	14.24
Interim Dividend Tax			-	2.00
Proposed Dividend			28.49	14.24
Proposed Dividend Tax			4.84	2.00
			33.33	32.48
Balance carried to Balance Sheet			675.07	455.78
Basic & Diluted Earnings Per Share in Rs. (Refer Note No. 5 in Notes to Accounts)			88.67	12.29
( Face value of Rs. 100 each)
ACCOUNTING POLICIES AND NOTES TO ACCOUNTS	O		FOR AND ON BEHALF OF THE BOARD
As per our attached report of even date
For Haribhakti & Co.	PALLAVI JHA			Chairperson & Managing Director
Chartered Accountants	M. N. BHAGWAT			Director
	V.  K. VERMA			Director
	POONAM BARUA			Director
CHETAN DESAI	SANJAY JHA			Director
Partner	KAMALINI BAHUBALI			Director
	Dr.S.C.JHA			Director
	DIVYA MOMAYA			Company Secretary
	SADANAND MARATHE			Associate Vice President - Finance
Mumbai
Date : 26.04.2007