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Gulshan Sugars + Nahar Industries + Godfrey Phillips

June 21, 2007

Net profit of Gulshan Sugars & Chemicals rose 78.57% to Rs 1.50 crore in the quarter ended March 2007 as against Rs 0.84 crore during the previous quarter ended March 2006. Sales rose 38.15% to Rs 12.24 crore in the quarter ended March 2007 as against Rs 8.86 crore during the previous quarter ended March 2006.

For the full year, net profit rose 83.57% to Rs 5.14 crore in the year ended March 2007 as against Rs 2.80 crore during the previous year ended March 2006. Sales rose 19.05% to Rs 49.13 crore in the year ended March 2007 as against Rs 41.27 crore during the previous year ended March 2006.

Net profit of Nahar Industrial Enterprises declined 35.09% to Rs 21.35 crore in the quarter ended March 2007 as against Rs 32.89 crore during the previous quarter ended March 2006. Sales rose 17.12% to Rs 211.34 crore in the quarter ended March 2007 as against Rs 180.44 crore during the previous quarter ended March 2006.

For the full year, net profit declined 15.67% to Rs 67.86 crore in the year ended March 2007 as against Rs 80.47 crore during the previous year ended March 2006. Sales rose 29.75% to Rs 900.63 crore in the year ended March 2007 as against Rs 694.14 crore during the previous year ended March 2006.

Net profit of Godfrey Phillips India rose 472.98% to Rs 18.45 crore in the quarter ended March 2007 as against Rs 3.22 crore during the previous quarter ended March 2006. Sales rose 38.04% to Rs 232.51 crore in the quarter ended March 2007 as against Rs 168.44 crore during the previous quarter ended March 2006.

For the full year, net profit rose 46.52% to Rs 88.10 crore in the year ended March 2007 as against Rs 60.13 crore during the previous year ended March 2006. Sales rose 15.29% to Rs 772.54 crore in the year ended March 2007 as against Rs 670.11 crore during the previous year ended March 2006.

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