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

Unaudited Financial Results for the Quarter ended 30 September, 2008

(Rupees in Lakhs)

Particulars

Quarter Ended 30.09.2008 (Unaudited)

Corresponding Quarter Ended 30.09.2007 (Unaudited)

Half-Year Ended 30.09.2008 (Unaudited)

Corresponding Half-Year Ended 30.09.2007 (Unaudited)

Year Ended 31.03.2008 (Audited)

1. (a) Income from Operations

9.72

2.31

15.47

4.13

11.68

(b) Other Operating Income

6.60

12.04

16.83

27.17

55.17

2. Expenditure

a. Employees cost

2.02

1.74

3.97

3.42

7.45

b. Depreciation

15.83

17.90

31.49

31.57

78.94

c. Other expenditure

7.10

6.14

15.56

15.00

30.18

d. Total

24.95

25.78

51.02

49.99

116.57

10% of the total expenditure:

Depreciation

15.83

17.90

31.49

31.57

78.94

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

(8.63)

(11.43)

(18.72)

(18.69)

(49.72)

4. Other Income

10.06

15.40

29.59

31.94

71.60

5. Profit before Interest and Exceptional Items (3+4)

1.43

3.97

10.87

13.25

21.85

6. Interest - Financial Expenses

1.55

0.00

1.79

0.00

0.03

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

(0.12)

3.97

9.08

13.25

21.85

8. Exceptional Items

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

(0.12)

3.97

9.08

13.25

21.85

10. Provision for Taxation

2.00

5.00

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

(0.12)

3.97

9.08

11.25

16.85

12. Exordinary Item (net of tax expense.)

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

(0.12)

3.97

9.08

11.25

16.85

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.

107.17

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)

0.07

0.15

0.22

0.36

(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)

0.07

0.15

0.22

0.36

17. Public Shareholding

- Number of Shares

2455000

- % of Shareholding

40.92

The above Financial Results for the Q/E September 30, 2008 were taken on record by the Board of Directors at their Meeting held on 30.10.2008. The above results have been reviewed by the Audit Committee and approved by the Board of Directors.
The Limited Review report issued by the Statutory Auditor in respect of Financial results for the Q/E 30.09.2008 was taken on record by the Board of Directors at their meeting held on 30.10.2008.
Provision for Taxation has not been made for this quarter.
The figures of previous periods have been re-grouped, wherever necessary, to conform to current quarter/ half year's classification.
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.
The operations of the Company relate to one segment viz NBFC operations.

For Abirami Financial Services (India) Limited

Chennai
30.10.2008

(P. SANKARAN)
EXECUTIVE DIRECTOR