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Audited Results of GSL (India) Ltd. Company

(Rs in Cr.)	Mar 31, 2008	Mar 31, 2007	Mar 31, 2006	Mar 31, 2005
Operating Income	54.48	55.56	32.51	29.65
Manufacturing Expenses	10.69	11.88	8.46	7.56
Personnel Expenses	6.64	6.83	5.51	6.36
Selling Expenses	0	1.60	0.51	0.43
Administrative Expenses	5.88	1.53	1.64	57.97
Expenses Capitalised	0	0	0	0
Cost Of Sales	53.62	51.50	31.14	85.79
Operating Profit	0.86	4.05	1.37	-56.14
Other Recurring Income	0.43	0.16	0.19	0.44
Adjusted PBDIT	1.30	4.21	1.56	-55.70
Financial Expenses	0	1.59	1.22	1.21
Depreciation	6.53	6.62	0	0
Other Write offs	0	0.02	3.96	2.85
Adjusted PBT	-5.23	-4.02	-3.62	-59.76
Tax Charges	0	0	0	0
Adjusted PAT	-5.23	-4.02	-3.62	-59.76
Non Recurring Items	0	0.16	1.26	0.02
Other Non Cash adjustments	-0.26	0.06	-0.08	3.27
Reported Net Profit	-5.23	-3.86	-2.30	-56.21
Equity Dividend	0	0	0	0
Preference Dividend	0	0	0	0
Retained Earnings	-227.26	-221.77	-217.97	-215.53

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