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Audited Financial Results

USHA INTERNATIONAL LIMITED
Regd. Office :19, Kasturba Gandhi Marg,New Delhi-110001
AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 31ST MARCH ' 2008
LAC/RS
PARTICULARS	NINE MONTH ENDED (UNAUDITED)	ACCOUNTING YEAR ENDED (AUDITED)		CONSOLIDATED ACCOUNTING YEAR ENDED (AUDITED)
PARTICULARS	31.12.2007	31.03.2008	31.03.2007	31.03.2008
1. Net Sales/Income from Operations	6728	70724	11576	70725
2. Other Income	672	494	809	494
3. Total Income (1+2)	7400	71218	12385	71219
4. Expenditure
a. (Increase) / Decrease in Stock in Trade and Work in Progress	201	346	299	347
b. Consumption of Raw Materials	3595	6607	4927	6607
c. Purchases of Traded Goods	1202	40129	3855	40130
d. Commisson & Discounts	399	6578	602	6578
e. Employees Cost	331	5107	434	5108
f. Depreciation	80	625	91	625
g. Other Expenditure	1280	9592	1813	9594
h. Total	7088	68984	12021	68989
5. Interest(Net)	223	167	240	167
6. Exceptional items	-	-	-	-
7. Profit before Tax (3-4-5-6)	89	2067	124	2063
8 . Tax Expenses	5	-131	7	-131
9. Net Profit after tax(7-8)	84	2198	117	2194
10. Extraordinary Items ( Net of tax expenses Rs. NIL )	-	-	-	-
11. Net Profit for the period (9-10)	84	2198	117	2194
12. Paid up Equity Share Capital (Face value of Rs. 10 /- each)	2106	1107	2106	1107
13. Reserves excluding Revaluation Reserves	-	6628	-	6621
14. Earning Per Share(Rs.) - Basic	0.11	19.10	0.23	19.07
- Diluted	0.16	8.96	0.28	8.95
15. Public Shareholding - Number of Shares	1466041	5088967	9236041	5088967
- Percentage of holding	6.96	45.95	43.85	45.95
I Segment Revenue (Net Sales / Income from Operations)
a) Consumer Durables	6728	55111	11576	55111
b) Engines , Pumpsets & Motors	-	9571	-	9571
c) Auto Products	-	5975	-	5975
d) Others	-	67	-	68
TOTAL	6728	70724	11576	70725
II Segment Results (Profit)(+) / loss (-) Before
Unallocable Expenditure/Depreciation ,Interest & Tax
a) Consumer Durables	312	4957	364	4957
b) Engines , Pumpsets & Motors	-	672	-	672
c) Auto Products	-	692	-	692
d) Others	-	(11)	-	-15
	312	6310	364	6306
LESS: I. Interest	223	167	240	167
ii. Un-allocable Expenditure / Depreciation (net of unallocable income)	-	4076	-	4076

Total Profit Before Tax	89	2067	124	2063
III Segmentwise Capital Employed
a) Consumer Durables	866	8073	284	8073
b) Engines , Pumpsets & Motors	-	118	-	118
c) Auto Products	-	1804	-	1804
d) Others	-	75	-	94
TOTAL	866	10070	284	10089

Notes

Pursuant to the Scheme of Arrangement sanctioned by the Hon’ble High Court of Delhi vide its order dated 26.05.2008, erstwhile Usha International Limited and Shriram Fuel Injection Industries Limited have merged with “The Jay Engineering Works Limited" with effect from 1st April 2007 and the name of the merged Company has been changed to " Usha International Limited" from 20th June 2008.The above Results for the F.Y.Ended on 31.03.08 are of the merged company.

The Figures of Nine Month ended 31.12.07 and Accounting Year ended 31.03.07 are of the The Jay Engineering Works Ltd. on stand alone basis and are therefore not comparable. Previous Year figures have been regrouped / rearranged wherever necessary to make them correspond with Current Year.

Consolidated Financial Results are only for the Current Year in terms of AS-21 as this is the first year of Consolidation for the Company with its new subsidiary.

Net Sales/Income from Operations excludes sales of Rs. 31.6 Crores ( Last Year - NIL) by Principals against orders booked by the Company.

The above financial results have been reviewed by Audit Committee and taken on record by the Board of Directors in their meeting held on 14th August 2008.

Provision for Taxes for the current year has been made after considering carry farword losses and unabsorbed depreciation and includes provision for Deferred and Fringe Benefit Tax.

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