WALCHAND PEOPLEFIRST LIMITED
( Formerly known as Walchand Capital Ltd.)
Registered Office: 5, Construction House, Walchand Hirachand Marg,
Ballard Estate, Mumbai 400 001.
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER  ENDED JUNE 30, 2007.
				(Rs. In Lacs)
	PARTICULARS	Quarter  Ended		Year Ended
		June 30		March 31
		Unaudited		Audited
		2007	2006	2007
1	Dale Carnegie  Income	167.31	115.63	593.44
2	Investment Income	29.86	7.41	96.85
3	Other Income	16.59	21.86	73.95
	Total (1+2+3)	213.76	144.90	764.24
4	Total Expenditure
	a)  Staff Cost	116.44	50.78	262.72
	b)  Training expenses	52.41	20.02	95.45
	c)  Other Expenditure	56.18	30.22	160.38
	d)  Advertisement & Sales Promotion Expenses	16.19	25.20	73.05
	e)  Royalty	21.73	14.91	74.86
	f)  Bad Debts/ Doubtful Assets Written Off	0.00	0.00	17.90
	g) Loss on sale of Investments	1.45	0.12	3.00
5	Interest	0.40	0.25	1.54
	Total  (4+5)	264.80	141.50	688.90
6	Profit / (Loss) after Interest but	(51.04)	3.40	75.34
	before Depreciation and Taxation
7	Depreciation & Amortisation	12.07	9.30	41.02
8	Profit/(Loss) before Tax(6-7)	(63.11)	(5.90)	34.32
9	Provision for Taxation :
	-  Fringe  Benefit Tax	(2.10)	(1.06)	(5.73)
	-  Current Tax	0.00	0.00	0.00
	-  Wealth  Tax	(0.78)	0.00	(3.12)
	-  Provision for Fringe Benefit Tax of earlier years	0.00	0.00	(0.52)
	-  Deferred Tax	25.40	0.00	227.67
10	Net Profit/(Loss)  (8-9)	(40.59)	(6.96)	252.62
11	Paid-up Equity Share Capital			284.89
	(Face Value of Rs.100/- Each)
12	Reserves excluding revaluation reserve			1,356.09
13	Basic and Diluted EPS (Rs.)	(14.25)	(2.44)	88.67
14	Aggregate of Public Shareholding
	(a) Number of Shares	133,790	143,093	133,790
	(b) Percentage of Shareholding	46.96%	50.23%	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 July 31' 2007. The limited review of the above results have been carried out by the Statutory Auditors.
2	Previous year's figures have been regrouped/rearranged wherever necessary.
3	There were no Investor complaints pending at opening and closing of the quarter.
	Complaints received during the quarter - Nil
4	Investment income includes dividend, interest and profit realised on sale of investments.
5	Impact arising on accounting of provision to be created as per revised Accounting Standard  15 on ' Employee Benefits'
	will be adjusted at the year end against general reserve.
6	The Auditors of the Company, have made comments in the Annexure to Auditors Report on the Annual Accounts for 06-07 with
	regard to certain transactions with parties covered under section 301 and non payment of undisputed taxes. However, there is
	no impact on the above financial statement.
	SEGMENT - WISE REVENUE RESULTS AND CAPITAL EMPLOYED
				(Rs. In Lacs)
	PARTICULARS	Three Months Ended		Year Ended
		June 30		March 31,2007
		Unaudited		Audited
		2007	2006
1	Segment Revenue:
a)	Investment activities	46.45	28.37	168.71
b)	Dale Carnegie Training Division	167.31	115.63	593.44
c)	Unallocated	-	0.90	2.10
	Income from Operations	213.76	144.90	764.25
2	Segment Results (PBT)
a)	Investment activities	23.45	5.90	71.62
b)	Dale Carnegie Training Division	(70.11)	(0.81)	18.86
c)	Less : Financial Expenses	0.40	0.25	1.54
d)	Less: Loss on Sales of Investments	1.45	0.12	3.00
e)	Less Unallocable Expenses (net of unallocable income)	(15.00)	(10.87)	(54.62)
3	Total Profit Before Taxation	(63.11)	(5.90)	34.32
4	Capital Employed (Segment Assets-
	Segment Liabilities)
a)	Investment activities	957.69	1103.00	1046.56
b)	Dale Carnegie Training Division	139.10	96.92	163.66
c)	Unallocated	217.23	233.92	225.04
		By order of the Board
	Mumbai,	(PALLAVI JHA)
	July 31,2007	Chairperson & Managing Director