Unaudited Financial Results for the Quarter and Nine Months ended December 31, 2007						Rs. In Lacs
Particulars		Quarter Ended 31st December		Nine Months Ended 31st December		Year Ended 31st March
		Unaudited		Unaudited		Audited
		2007	2006	2007	2006	2007
1	Net Sales / Income from Operations
	Training Income	52.64	120.95	497.87	371.93	593.44
	Investment Income	46.14	35.96	100.66	58.98	96.85
2	Other Income	17.17	15.79	53.71	53.23	73.95
					-	-
3	Total Income (1+2)	115.95	172.70	652.24	484.14	764.24
4	Expenditure
	a) Staff Cost	59.27	75.17	314.11	180.05	262.72
	b) Training Expenses	5.20	30.97	119.06	70.08	95.45
	c) Other Expenditure	23.27	56.48	153.05	123.98	160.38
	d) Advertisement & Sales Promotion Expenses	8.00	9.17	56.65	58.99	73.05
	e) Royalty	7.63	15.33	65.28	47.60	74.86
	f) Bad Debts/Doubtful Assets Written Off	-	-	-	-	17.90
	g) Loss on sale of Investments	2.52	0.70	4.90	2.10	3.00
	h) Depreciation , Amortisation & Impairment	7.46	10.86	31.49	29.50	41.02
	i) Total	113.35	198.68	744.54	512.30	728.38
5	Interest	0.16	0.69	0.94	1.16	1.54
6	Exceptional Items
	Profit on Slump Sale of Training Business	775.68	-	775.68	-	-
7	Profit/(Loss)  from Ordinary Activities  before Tax ( 3-4-5+6)	778.11	(26.67)	682.44	(29.32)	34.32
8	Tax Expenses
	Fringe  Benefit Tax	(2.70)	(1.75)	(7.50)	(3.96)	(5.73)
	Current Tax	(75.00)	-	(75.00)	-	-
	Wealth Tax	(0.78)	-	(2.34)	-	(3.12)
	Provision for Fringe Benefit Tax of earlier years	-	(0.52)	-	(0.52)	(0.52)
	Deferred Tax	(31.57)	-	(6.17)	-	227.67
		(110.05)	(2.27)	(91.01)	(4.48)	218.30
9	Profit/(Loss)  from Ordinary Activities	668.06	(28.94)	591.43	(33.80)	252.62
	After Tax ( 7-8)
10	Extraordinary Items	-	-	-	-	-
11	Net  Profit/(Loss ) for the Period	668.06	(28.94)	591.43	(33.80)	252.62
12	Paid-up Equity Share Capital	284.89	284.89	284.89	284.89	284.89
	(Face Value of Rs.100/- Each)
13	Reserves excluding revaluation reserves as per	-	-	-	-	1,356.09
	balance sheet of previous accounting year
14	Basic and Diluted EPS (Rs.)	234.50	(10.16)	207.59	(11.85)	88.67
16	Aggregate of Public Shareholding
	(a) Number of Shares	133,952	143,093	133,952	143,093	133,790
	(b) Percentage of Shareholding	47.02%	50.21%	47.02%	50.21%	46.96%
Consolidated Unaudited Financial Results for the Quarter and Nine Months ended December 31, 2007						Rs. In Lacs
Particulars		Quarter Ended 31st December		Nine Months Ended 31st December		Year Ended 31st March
		Unaudited		Unaudited		Audited
		2007	2006	2007	2006	2007
1	Training Income	256.34	120.95	701.57	371.93	593.44
2	Investment Income	46.14	35.96	100.66	58.98	96.85
3	Other Income	17.17	15.79	53.71	53.23	73.95
4	Profit on Slump Sale of Training Business	775.68	-	775.68	-	-
1	Total Revenue	1,095.33	172.70	1,631.62	484.14	764.24
5	Total Expenditure
	a) Staff Cost	207.21	75.17	462.05	180.05	262.72
	b) Training Expenses	45.27	30.97	159.13	70.08	95.45
	c) Other Expenditure	133.43	56.48	263.20	123.98	160.38
	d) Advertisement & Sales Promotion Expenses	100.22	9.17	148.87	58.99	73.05
	e) Royalty	38.91	15.33	96.57	47.60	74.86
	f) Bad Debts/Doubtful Assets Written Off	-	-	-	-	17.90
	g) Loss on sale of Investments	2.52	0.70	4.90	2.10	3.00
6	Interest	0.29	0.69	1.06	1.16	1.54
	Total Expenditure	527.85	188.50	1,135.79	483.95	688.90
7	Profit/(Loss) after Interest but before Depreciation and Tax	567.48	(15.79)	495.83	0.20	75.34
8	Depreciation , Amortisation & Impairment	11.57	10.86	35.60	29.51	41.02
9	Profit/(Loss) before Tax (7-8)	555.91	(26.65)	460.23	(29.31)	34.32
10	Provision for Taxation
	Fringe  Benefit Tax	(2.70)	1.75	(7.50)	3.96	(5.73)
	Current Tax	-	-	-	-	-
	Wealth Tax	(0.78)	-	(2.34)	-	(3.12)
	Provision for Fringe Benefit Tax of earlier years	-	0.52	-	0.52	(0.52)
	Deferred Tax	-	-	25.40	-	227.67
2	Profit After Tax	552.43	(24.38)	475.79	(24.83)	252.62
12	Paid-up Equity Share Capital	284.89	284.89	284.89	284.89	284.89
	(Face Value of Rs.100/- Each)
13	Reserves excluding revaluation reserve	-	-	-	-	1,356.09
14	Basic and Diluted EPS (Rs.)	271.90	(10.16)	245.00	(13.40)	87.13
	(Before Interest on Income Tax Refund)
3	Basic and Diluted EPS (Rs.)	193.91	(8.56)	167.01	(8.72)	88.67
16	Aggregate of Public Shareholding
	(a) Number of Shares	133,952	143,093	133,952	143,093	133,790
	(b) Percentage of Shareholding	47.02%	50.21%	47.02%	50.21%	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 31,2008 . The above results have been reviewed by the statutory auditors.
2	During the quarter, with effect from October 24, 2007 the company has transferred its Training business to owned subsidary -
	Walchand TalentFirst Ltd., resulting  into  profit of Rs. 775.68 lacs . Hence previous year's figures are not comparable.
3	Previous period's figures have been regrouped/rearranged wherever necessary.
4	There were no Investor complaints pending at opening and closing of the quarter. -
	Complaints received during the quarter -  2 , and resolved during the quarter -2
5	Investment income includes dividend, interest and profit realised on sale of investments.
6	Pursuant to Accounting Standard - 15 ( revised ) on "Employee Benefits" issued by the Institute of Chartered
	Accountants of India, being mandatory from the current financial year , the adjustment on account of employee
	benefits upto March, 31 2007 will be dealt with the opening general reserve as per the transitional provision at the
	year end. Current year provisions are made on estimated basis.
Segmentwise Revenue, Results and Capital Employed						Rs. In Lacs
Particulars		Quarter Ended 31st December		Nine Months Ended 31st December		Year Ended 31st March
		2007	2006	2007	2006	2007
		Unaudited		Unaudited		Audited
1	Segment Revenue:
	a)  Investment activities	46.14	35.96	154.37	58.98	96.85
	b)  Dale Carnegie Training division	52.64	120.95	497.87	371.93	593.44
	c)  Unallocated	792.84	15.79	775.68	53.23	73.95
	Income from Operations	891.62	172.70	1,427.92	484.14	764.24
2	Segment Results (PBIT)
	a)  Investment activities	44.16	17.25	83.85	38.83	70.08
	b)  Dale Carnegie Training division	(11.01)	(25.71)	(114.91)	(26.25)	18.86
	c)  Less Unallocable Expenses (net of unallocable income)	744.96	(18.21)	713.50	(41.90)	(54.62)
	Total Profit Before Taxation	778.11	(26.67)	682.44	(29.32)	34.32
3	Capital Employed (Segment Assets-Segment Liabilities)
	a)  Investment activities	1,515.44	1,064.62	1,515.44	1,064.62	1,041.47
	b)  Dale Carnegie Training Division	238.50	112.29	238.50	112.29	153.33
	c)  Unallocated	216.55	227.99	216.55	227.99	225.03
				By order of the Board
Mumbai,				(Pallavi Jha)
January 31, 2008				Chairperson & Managing Director