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Unaudited Financial Results

USHA INTERNATIONAL LIMITED
Regd. Office :19, Kasturba Gandhi Marg,New Delhi-110001
UNAUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 31ST OCTOBER ' 2008
					LAC/RS
PARTICULARS	THREE MONTHS ENDED( UNAUDITED)		SIX MONTHS ENDED( UNAUDITED)		ACCOUNTING YEAR ENDED (AUDITED)
	30.09.2008	30.09.2007	30.09.2008	30.09.2007	31.03.2008
1.Net Sales/Income from Operations	19751	16253	41147	34332	70724
2.Expenditure
a.(Increase) / Decrease in Stock in Trade and Work in Progress	(373)	127	(257)	734	346
b.Consumption of Raw Materials	1543	1387	3893	3624	6607
c.Purchases of Traded Goods	12426	9149	24726	18397	40129
d.Commisson & Discounts	1760	1606	3724	3304	6578
e.Employees Cost	1471	1214	2858	2352	5107
f.Depreciation	171	162	312	308	625
g.Other Expenditure	2357	2343	4825	5068	9592
h.Total	19355	15988	40081	33787	68984
3.Profit from Operations before Other Income, Interest & Exceptional Items (1-2)	396	265	1066	545	1740
4.Other Income	108	101	155	273	494
5.Profit before Interest & Exceptional Items (3+4)	504	366	1221	818	2234
6.Interest(Net)	67	12	105	86	167
7.Profit after Interest but before Exceptional Items (5-6)	437	354	1116	732	2067
8.Exceptional items	-	-	-	-	-
9.Profit (+)/Loss (-) from Ordinary Activities before Tax (7+8)	437	354	1116	732	2067
10.Tax Expenses	149	30	207	(132)	(131)
11.Net Profit after tax from ordinary activity (9-10)	288	324	909	864	2198
12.Extraordinary Items ( Net of tax expenses Rs. NIL )	-	-	-	-	-
13.Net Profit for the period (11-12)	288	324	909	864	2198
14.Paid up Equity Share Capital (Face value of Rs. 10 /- each)	1107	1107	1107	1107	1107
15. Reserves excluding Revaluation Reserves					6628
16. Earning Per Share(Rs.)
a) Before Extra Ordinary Items
- Basic	2.45	2.74	7.87	7.43	19.10
- Diluted	1.14	1.32	3.60	3.52	8.96
a) After Extra Ordinary Items
- Basic	2.45	2.74	7.87	7.43	19.10
- Diluted	1.14	1.32	3.60	3.52	8.96
17. Public Shareholding - Number of Shares	5088967	9236041	5088967	9236041	5088967
- Percentage of holding	45.95	43.85	45.95	43.85	45.95
I Segment Revenue (Net Sales / Income from Operations)
a) Consumer Durables	15347	12786	33019	27846	55111
b) Engines , Pumpsets & Motors	2689	1902	4918	3627	9571
c) Auto Products	1692	1552	3156	2828	5975
d) Others	23	13	54	31	67
TOTAL	19751	16253	41147	34332	70724
II Segment Results (Profit)(+) / loss (-) Before Unallocable Expenditure/Depreciation ,Interest & Tax
a) Consumer Durables	1119	1279	2440	2733	4957
b) Engines , Pumpsets & Motors	148	19	286	81	672
c) Auto Products	212	163	398	257	692
d) Others	1	(21)	10	(7)	(11)
	1480	1440	3134	3064	6310
LESS: I. Interest	67	12	105	86	167
ii.Un-allocable Expenditure / Depreciation (net of unallocable income)	976	1074	1913	2246	4076
Total Profit Before Tax	437	354	1116	732	2067
III Segmentwise Capital Employed
a) Consumer Durables	8563	7956	8563	7956	8073
b) Engines , Pumpsets & Motors	(55)	538	(55)	538	118
c) Auto Products	2241	1943	2241	1943	1804
d) Others	90	97	90	97	75
TOTAL	10839	10534	10839	10534	10070

Notes

1. Paid up Equity Share Capital does not include the equity shares 1,44,66,027 of Rs. 10/- each issued by the Board of Directors in their meeting held on 15.09.2008 against the conversion of 7,00,000 10% Redeemable Cumulative Optionally Convertible Preference Shares ( RCOCPS) of Rs. 100/- each along with arrears of dividend till the date of issue for which in principal approval for allotment has been received from Delhi and Calcutta Stock Exchange and allotment has been done on 20.10.2008.

2.Basic and diluted EPS have been calculated recognizing that the dividend to Preference Shareholder is payable up to date of issue.

3.Net Sales/Income from Operations excludes sales of Rs. 12.5 Crores ( Last Year - This Term Rs. 15.1 Crores Last Financial Year Rs. 31.6 Crores ) by Principals against orders booked by the Company.

4.The above financial results have been reviewed by Audit Committee and taken on record by the Board of Directors in their Meeting held on 31st October 2008.

5. The Auditors of the Company have carried out the " Limited Review " of the above Unaudited Financial Results and there are no adverse comments.

6. Since the carry forward losses and unabsorbed depreciation would be fully offset by the profits during the financial year 2008-09, no provision for tax under section 115JB has been made. The provision made represent the affect of Deffered Tax and Fringe Benefit Tax.

7. The figures of the Previous Year are of the merged companies and have been regrouped whereever necessary to make them correspond with Current Year.

8. Shareholders Complaints :