WALCHAND PEOPLEFIRST LIMITED
Registered Office: 5, Construction House, Walchand Hirachand Marg,
Ballard Estate, Mumbai 400001.
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER  ENDED SEPTEMBER 30, 2006.						Rs. In Lacs
	PARTICULARS	Quarter Ended		Half Year Ended		Year Ended
		Sept 30		Sept 30		March 31
		Unaudited		Unaudited		Audited
		2006	2005	2006	2005	2006
1	Dale Carnegie Income	135.35	68.39	250.98	130.47	317.86
2	Investment Income	15.61	13.89	23.02	27.81	83.74
3	Other Income	16.42	64.12	37.44	68.57	166.14
4	Provision written Back ( Investments )	0.00	0.00	0.00	0.11	19.09
	Total Revenue	167.38	146.40	311.44	226.96	586.83
5	Total Expenditure
	a) Staff Cost	54.11	31.76	104.88	58.94	126.69
	b) Training Expenses	19.10	25.02	39.11	42.59	62.71
	c) Other Expenditure	38.12	22.69	67.50	54.70	149.29
	d) Advertisement & Sales Promotion Expenses	24.62	6.12	49.82	12.86	49.99
	e) Royalty	17.35	8.59	32.27	16.44	40.45
	f) Bad Debts/Doubtful Assets Written Off					68.97
	g) Loss on sale of Investments	1.28	0.00	1.40	0.00	19.29
6	Interest	0.22	0.05	0.47	0.10	1.64
	Total Expenditure	154.80	94.23	295.46	185.63	519.03
7	Gross Profit/(Loss) after Interest but	12.58	52.17	15.98	41.33	67.80
	before Depreciation and Taxation
8	Depreciation , Amortisation & Impairment	9.36	8.48	18.65	16.81	39.16
9	Profit/(Loss) before Tax ( 7- 8)	3.22	43.69	(2.67)	24.52	28.64
10	Provision for Taxation
	Fringe  Benefit Tax	1.15	1.40	2.21	2.30	5.06
	Current Tax	0.00	1.80	0.00	1.80	3.24
11	Net Profit/(Loss)  (9-10)	2.07	40.49	(4.88)	20.42	20.34
12	Provision for Income Tax written back(Earlier Years )					14.66
13	Net Profit/(Loss) after adjustments(11+12)	2.07	40.49	(4.88)	20.42	35.00
14	Paid-up Equity Share Capital	284.89	284.89	284.89	284.89	284.89
	(Face Value of Rs.100/- Each)
15	Reserves excluding	0.00	0.00	0.00	0.00	1,136.81
	Revaluation reserve
16	Basic and Diluted EPS (Rs.) (before Interest on Income Tax Refund)	0.73	(6.78)	(3.25)	(13.83)	(12.37)
17	Basic and Diluted EPS (Rs.)	0.73	14.21	(1.71)	7.17	12.29
18	Aggregate of Non-Promotor
	Shareholding
	(a) Number of Shares	143,093	143,093	143,093	143,093	143,093
	(b) Percentage of Shareholding	50.21%	50.21%	50.21%	50.21%	50.21%
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 October 20,2006
2	Previous half year figures includes one time interest  income of Rs. 59.81 lacs received on Refund of Income Tax.
3	Previous year'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 - Nil
		….. 2 …..
SEGMENT - WISE REVENUE, RESULTS AND CAPITAL EMPLOYED
				(Rs. In Lacs)
	PARTICULARS	Quarter Ended	Quarter Ended	H.Y. ending	H.Y. ending	Year Ended
		Sept 30,2006	Sept 30,2005	Sept 30,2006	Sept 30,2005	March 31,2006
		Unaudited	Unaudited	Unaudited	Unaudited	Audited
1	Segment Revenue:
a)	Investment activities	31.13	77.10	58.66	94.68	265.37
b)	Dale Carnegie Training division	135.35	68.40	250.98	130.48	317.86
c)	Unallocated	0.90	0.90	1.80	1.80	3.60
	Income from Operations	167.38	146.40	311.44	226.96	586.83
2	Segment Results (PBIT)
a)	Investment activities	5.97	53.29	12.00	49.44	77.43
b)	Dale Carnegie Training division	9.83	2.76	9.02	(0.54)	3.82
c)	Less: Financial Expenses	0.22	0.05	0.47	0.10	1.64
d)	Less Unallocable Expenses net of	(12.35)	(12.31)	(23.22)	(24.28)	(50.97)
	unallocable income)
3	Total Profit Before Taxation	3.23	43.69	(2.67)	24.52	28.64
4	Capital Employed (Segment Assets-	-	-	1,416.82	1,437.11	1,421.71
	Segment Liabilities)
	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 )
Otober 20, 2006				Chairperson & Managing Director