NELCO LIMITED
Regd. Office: Francysters Cybernetics Centre, Eucharistic Congress Building No. III , 5, Convent Street , Colaba, Mumbai -400 001.
Audited Consolidated Financial Results for the Year ended 31st March, 2008
						Rs. in Lakhs
Sr. No.	Particulars	For The Three Months Period Ended	For The Three Months Period Ended	For The Year Ended	For The Year  Ended	For The Six Months Period Ended
		31.03.2008	31.03.2007	31.03.2008	31.03.2007	31.03.07
		(Audited)	(Audited)	(Audited)		(Audited)
1.	Sales / Income from Operations	10387	5131	22255		7787
	Less : Excise Duty	534	327	1315		448
	Net Sales / Income from Operations	9853	4804	20940		7339
2.	Other Income	31	9	136		33
3.	Total Income	9884	4813	21076		7372
4.	Total Expenditure
	a) (Increase)/Decrease in Stock in Trade and Work in progress	1082	(63)	570		210
	b) Consumption of Raw Materials	1860	1544	5627		1379
	c) Purchase of Traded Goods & Spares	765	1252	2922		1309
	d) Expenditure on Property Development	2553		2553
	e) Employees Cost	609	634	2404		977
	f)  Depreciation	154	150	597		337
	g) Other Expenditure	1527	1166	4576		2354
	h) Total	8550	4683	19249		6566
5.	Interest	278	265	1084		449
				125
6.	Deferred Revenue Expenditure (Voluntary Retirement Scheme)	30	31	126		156
7.	Profit / (Loss) before Minority Interest and share of Associates and Provision for Taxation	1026	(165)	618		201
8.	Tax Expenses
	a) Current Tax Provision	63	-	63		140
	b) Deferred Tax Provision	138	-	137		(101)
	c) MAT Credit Availed	(120)		(120)
	d) Fringe Benefit Tax Provision	10	11	47		23
	e) Short / (Excess) Tax Provision For Earlier Years	34	-	34		-
9.	Profit / (Loss) After Tax Before Minority Interest and share of Associate	901	(176)	457		139
10.	Add : Adjustments for Minority Interest and Share of Associate	74	120	353		286
11.	Net Profit / (Loss) After Tax	974	(56)	810		425
12.	Add : Balance brought forward from previous year		-	(132)		(540)
13.	Adjustment pursuant to Scheme of Arrangement		-	-		(17)
14.	Balance in Profit and Loss Account before Appropriations		-	678		(132)
15.	Paid up Equity Share Capital ( Face Value Rs.10/-)	2282	2282	2282		2282
16.	Reserves excluding Revaluation Reserves	122	122	122		122
17.	EPS (Rs.) - Basic & Diluted	4.27	(0.24)	3.55		1.86
	Notes : -
	1. Consolidated Financial Statements of Nelco Limited comprises of Nelco Limited, its associate Nelito Systems Limited and subsidiary Tatanet Services Limited
	2. The above consolidated statement of Audited Financial Result was reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on 15th May, 2008
				For NELCO LIMITED
	Mumbai			P. R. MENON
	Date : 15th May, 2008					CHAIRMAN