| WALCHAND PEOPLEFIRST LIMITED |
| Registered
Office: 5, Construction House, Walchand Hirachand Marg, |
| Ballard
Estate, Mumbai 400 001. |
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| UNAUDITED
FINANCIAL RESULTS FOR THE QUARTER
ENDED SEPTEMBER 30, 2007. |
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Rs. In Lacs |
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PARTICULARS |
Quarter Ended |
Half Year Ended |
Year Ended |
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Sept 30 |
Sept 30 |
March 31 |
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Unaudited |
Unaudited |
Audited |
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2007 |
2006 |
2007 |
2006 |
2007 |
| 1 |
Dale Carnegie Income |
277.92 |
135.35 |
445.23 |
250.98 |
593.44 |
| 2 |
Investment Income |
24.66 |
15.61 |
54.52 |
23.02 |
96.85 |
| 3 |
Other Income |
19.95 |
17.44 |
36.54 |
39.30 |
73.95 |
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Total Revenue (
1+2+3) |
322.53 |
168.40 |
536.29 |
313.30 |
764.24 |
| 4 |
Total
Expenditure |
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a) Staff Cost |
138.40 |
54.10 |
254.84 |
104.88 |
262.72 |
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b) Training
Expenses |
61.45 |
19.09 |
113.86 |
39.11 |
95.45 |
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c) Other
Expenditure |
73.60 |
39.14 |
129.78 |
69.36 |
160.38 |
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d) Advertisement
& Sales Promotion Expenses |
32.46 |
24.62 |
48.65 |
49.82 |
73.05 |
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e) Royalty |
35.93 |
17.36 |
57.66 |
32.27 |
74.86 |
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e) Bad Debts/Doubtful
Assets Written Off |
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17.90 |
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f) Loss on sale
of Investments |
0.93 |
1.28 |
2.38 |
1.40 |
3.00 |
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| 5 |
Interest |
0.37 |
0.22 |
0.77 |
0.47 |
1.54 |
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Total
Expenditure ( 4+5) |
343.14 |
155.81 |
607.94 |
297.31 |
688.90 |
| 6 |
Profit/(Loss) after Interest but |
(20.61) |
12.59 |
(71.65) |
15.99 |
75.34 |
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before
Depreciation and Taxation |
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| 7 |
Depreciation ,
Amortisation & Impairment |
11.97 |
9.35 |
24.04 |
18.65 |
41.02 |
| 8 |
Profit/(Loss)
before Tax ( 6- 7) |
(32.57) |
3.24 |
(95.68) |
(2.66) |
34.32 |
| 9 |
Provision for
Taxation |
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Fringe
Benefit Tax |
(2.70) |
(1.15) |
(4.80) |
(2.21) |
(5.73) |
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Current Tax |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
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Wealth Tax |
(0.78) |
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(1.56) |
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(3.12) |
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Provision for
Fringe Benefit Tax of earlier years |
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(0.52) |
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Deferred Tax |
0.00 |
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25.40 |
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227.67 |
| 10 |
Net
Profit/(Loss) (8-9) |
(36.05) |
2.09 |
(76.64) |
(4.87) |
252.62 |
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| 11 |
Paid-up Equity
Share Capital |
284.89 |
284.89 |
284.89 |
284.89 |
284.89 |
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(Face Value of
Rs.100/- Each) |
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| 12 |
Reserves excluding
revaluation reserve |
0.00 |
0.00 |
0.00 |
0.00 |
1,356.09 |
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| 13 |
Basic and Diluted EPS
(Rs.) (Before Interest |
(12.66) |
0.73 |
(26.90) |
(1.71) |
87.13 |
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on Income Tax
Refund) |
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| 14 |
Basic and
Diluted EPS (Rs.) |
(12.66) |
0.73 |
(26.90) |
(1.71) |
88.67 |
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| 15 |
Aggregate of
Public Shareholding |
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(a) Number of
Shares |
133,790 |
143,093 |
133,790 |
143,093 |
133,790 |
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(b) Percentage
of Shareholding |
46.96% |
50.21% |
46.96% |
50.21% |
46.96% |
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| NOTES: |
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| 1 |
The above results have been reviewed by The Audit Committee and were
taken on record by the Board |
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of Directors at its meeting held on October 30,2007 |
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| 2 |
Previous year's figures have been
regrouped/rearranged wherever necessary. |
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| 3 |
There
were no Investor complaints pending at opening and closing of the quarter.
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Complaints received during the quarter - 2 , and resolved during the quarter - 2 |
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| 4 |
Investment income includes dividend, interest
and profit realised on sale of investments. |
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| 5 |
Pursuant
to Accounting Standard - 15 ( revised ) on "Employee Benefits"
issued by the Institute of Chartered |
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Accountants
of India, being mandatory from the current financial year , the adjustment on
account of employee |
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benefits
upto March, 31 2007 will be dealt with the opening general reserve as per the
transitional provision at the |
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year end. Current year provisions are made on
estimated basis. |
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| 6 |
The
Board of Directors have approved transfer of Training business to its
fully owned Subsidiary - Walchand Talentfirst Ltd. |
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in the Board meeting held on 15th of October 2007. |
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….. 2 ….. |
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| SEGMENT - WISE
REVENUE, RESULTS AND CAPITAL EMPLOYED |
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(Rs. In Lacs) |
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PARTICULARS |
Quarter Ended |
Quarter Ended |
H.Y.
ending |
H.Y.
ending |
Year Ended |
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Sept 30,2007 |
Sept 30,2006 |
Sept 30,2007 |
Sept 30,2006 |
March 31,2007 |
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Unaudited |
Unaudited |
Unaudited |
Unaudited |
Audited |
| 1 |
Segment Revenue: |
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| a) |
Investment
activities |
44.61 |
77.10 |
91.06 |
94.68 |
168.71 |
| b) |
Dale Carnegie
Training division |
277.92 |
68.40 |
445.23 |
130.48 |
593.44 |
| c) |
Unallocated |
0.00 |
0.90 |
0.00 |
1.80 |
2.10 |
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Income from
Operations |
322.53 |
146.40 |
536.29 |
226.96 |
764.25 |
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| 2 |
Segment Results
(PBIT) |
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| a) |
Investment
activities |
17.69 |
5.76 |
39.69 |
11.54 |
70.08 |
| b) |
Dale Carnegie
Training division |
(33.80) |
9.83 |
(103.91) |
9.02 |
18.86 |
| d) |
Less Unallocable
Expenses net of |
(16.47) |
(12.35) |
(31.47) |
(23.22) |
(54.62) |
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unallocable
income) |
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| 3 |
Total Profit
Before Taxation |
(32.57) |
3.24 |
(95.68) |
(2.66) |
34.32 |
| 4 |
Capital Employed
(Segment Assets- |
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Segment
Liabilities) |
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| a) |
Investment
activities |
892.90 |
1,087.39 |
892.90 |
1,087.39 |
1,041.47 |
| b) |
Dale Carnegie
Training Division |
214.01 |
110.98 |
214.01 |
110.98 |
153.33 |
| c) |
Unallocated |
219.39 |
230.95 |
219.39 |
230.95 |
225.03 |
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By order of the Board |
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| Mumbai, |
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( PALLAVI JHA ) |
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| Otober 30,
2007 |
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Chairperson & Managing Director |
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