::: ABIRAMI FINANCIAL SERVICES (INDIA) LIMITED | Unaudited Quarterly Report:::

Audited Financial Results for the year ended 31st March, 2011

(Rupees in Lakhs)

Particulars

Quarter Ended 31/03/2011 (Audited)

Quarter Ended 31/03/2010 (Audited)

Year Ended 31/03/2011 (Audited)

Year ended 31/03/2010 (Audited)

(a) Income from Operations

9.04

6.40

30.93

22.98

(b) Other Operating Income

Expenditure

a. Employees cost

2.60

2.50

10.83

10.35

b. Depreciation

8.25

9.53

32.61

41.12

c. Other expenditure

5.40

9.20

25.69

31.36

d. Total

16.29

21.23

69.13

82.83

10% of the total expenditure:

Employee's Cost

2.64

2.50

10.83

10.35

Repairs & Maintenance

2.37

8.85

Travelling & Conveyance

3.16

Depreciation

8.25

9.53

32.61

41.12

Profit from Operations before Other Income, Interest and Exceptional Items (1-2)

(7.25)

(14.83)

(38.20)

(59.85)

Other Income

22.81

20.53

80.04

103.53

Profit before Interest and Exceptional Items (3+4)

15.56

5.70

41.84

43.68

Interest - Financial Expenses

0.01

0.02

0.04

Profit after Interest but before Exceptional Items (5-6)

15.55

5.68

41.82

43.64

Exceptional Items

0.00

Profit ( + ) / Loss ( - ) from Ordinary Activities before tax (7+8)

15.55

5.68

41.82

43.64

10.

Provision for Taxation

14.26

1.00

27.76

26.71

11.

Net Profit (+)/ Loss (-) from Ordinary Activities after tax (9-10)

1.29

4.68

14.06

16.93

12.

Extraordinary Item (net of tax expense.)

0.00

13.

Net Profit(+)/ Loss(-) for the period (11-12)

1.29

4.68

14.06

16.93

14.

Paid-up equity share capital(Face value: Rs.10/- per share.)

600.00

15.

Reserve excluding Revaluation Reserves as per balance sheet of previous accounting year.

0.00

140.28

126.22

16.

Earnings Per Share (EPS)

(a) Basic and diluted EPS before Extraordinary items for the period, for the year to date and for the previous year (not to be annualized)

0.02

0.08

0.23

0.28

(b) Basic and diluted EPS after Extraordinary items for the period, for the year to date and for the previous year (not to be annualized)

0.02

0.08

0.23

0.28

17.

Public Shareholding

- Number of Shares

2455000

- Percentage of Shareholding

40.92

18.

Promoters and Promoter Group Shareholding**

(a) Pledged/Encumbered

Number of Shares

NIL

Percentage of shares (as a % of the total shareholding of promoter and promoter group)

NIL

Percentage of shares (as a % of the total share capital of the company)

NIL

(b) Non-encumbered

Number of Shares

3545000

Percentage of shares (as a % of the total shareholding of promoter and promoter group)

100

Percentage of shares (as a % of the total share capital of the company)

59.08

The above Financial Results for the year ended 31/03/2010 have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 21/04/2011.
The Auditor's report on Quarterly financial results and year to date results of the Company issued by the Statutory Auditor for the year ended 31/03/2011 was taken on record by the Board of Directors at their meeting held on 21/04/2011.
The operations of the company relate to one segment viz. NBFC operations.
The Company proposes to enlarge the scope of its activities by financing of commercial vehicles, construction equipments & receivables.
Figures have been regrouped/reclassified wherever required.
Status of Investor Complaints: Pending at the beginning of quarter-Nil. Complaints received and disposed off during the quarter-Nil. Pending at the end of the quarter-Nil.

For Abirami Financial Services (India) Limited

Chennai
21/04/2011

P. SANKARAN
EXECUTIVE DIRECTOR