GANDHIMATHI APPLIANCES LIMITED
AUDITED FINANCIAL RESULTS  FOR THE YEAR ENDED 31st MARCH,2005
Regd. Office : 143, Vandalur Kelambakkam Road, Pudupakkam Village, Kelambakkam - 603 103
    Rs.in Lakhs
    UNAUDITED AUDITED
S.No. PARTICULARS 9 months period ended 31.12.2004    Quarter ended 31.03.2005    Quarter ended 31.03.2004 Year        ended 31.03.2005 Year         ended 31.03.2004
1 Net Sales/income from Operations    1,597.78    519.97         375.01      2,117.75      1,593.21
2 Other Income         17.24     37.62           18.04          54.86           21.70
  TOTAL  1,615.02  557.59     393.05  2,172.61  1,614.90
             
3 TOTAL EXPENDITURE          
             
  (a) (Increase)/Drecrease in Stock-in-Trade           3.65       (8.11)           10.47            3.68         131.93
  (b) Consumption of Raw Materials,        831.31   244.58         270.24     1,067.75        744.46
       Components/Stores & Spares        
  (c) Staff Cost       142.74     49.73           52.54        192.47         153.79
  (d) Excise Duty       198.30     64.49           59.46        262.79        222.85
  (e) Advertisment and Publicity       143.78     28.75         175.55        172.53         596.41
  (f) Packaging         44.87      11.44            21.31          56.31          57.08
  (g) Other Expenditure       273.99    139.80         135.44        413.79        352.09
4 Interest       337.24    (62.48)          116.62        274.76        434.66
5 Depreciation         82.96      24.81           27.59        107.77         109.53
             
  TOTAL  2,058.83  493.01     869.22  2,551.85  2,802.80
             
6 Profit/(Loss) Before Tax (1+2-3-4-5)   (443.81)   64.58     (476.17)    (379.23)  (1,187.90)
7 Provision for Douftful Debts no longer required        -             -            110.79               -           110.79
  Provision for Taxation          
    -Current Year              -             -                  -                 -                  -  
    -Deferred tax Asset       109.50    (65.98)         368.87          43.52        573.68
             
8 Exceptional Item - Waiver of finance charges              -     505.99                -          505.99  
             
9 Net Profit/(Loss)   (334.31)  504.59        3.49    170.28  (1,077.11)
                       -      
  Paid Up Equity Share Capital       568.46   568.46         568.46        568.46        568.46
  (face value of Rs.10/- per equity share)          
  Reserves excluding revaluation reserves              -             -                  -          200.86        200.86
             
  Earning per share  (not annualised)              -             -                  -                 -                  -  
  Aggregate of Non-Promoters Shareholding          
  (No. of Shares) 2427920 2427920    2,427,920 2427920   2,427,920
  % of Share 42.45 42.45           42.45 42.45          42.45
             
   
1 The operation of the Company relates to only one segment,  viz.,  domestic appliances.  
   
2 The Company has entered into an agreement with Industrial Development Bank of India towards restructing of its dues payable to them after waiver of interest/penal interest/liquidated damages  of Rs.505.99 lakhs chrged upto 31.3.2004.  The waiver amount is taken in the profit and loss account as exceptional item. Interest for the current year has been charged to the profit and loss account in terms with the revised contracted rate and adjustment of Rs.127.60 lakhs has been carried out in the quarter ended 31.03.2005.
   
3 The Company has carried out the assessment of impairment of assets and there is no impairment of assets as defined in Accounting Standard AS-28.
   
4 Number of Investors' Complaints:  
  i) Received during the quarter ended 31st March, 2005. 28  
  ii) Lying unresolved as on 31st March, 2005. Nil  
  iii) Disposed off during the quarter ended 31st March, 2005. 28  
   
5 Figures for the previous periods have been regrouped/rearranged wherever necessary to conform to the current periods' classifications.
   
6 The above results as reviewed by Audit Committee were taken on record by the Board of Directors at its meeting held on 30th June, 2005
   
  for GANDHIMATHI APPLIANCES LIMITED
   
  Place : CHENNAI - 600 018 (V.M. BALASUBRAMANIAM)  
  Date: 30th June, 2005.     MANAGING DIRECTOR