INFO EDGE (INDIA) LIMITED

BALANCE SHEET AS AT DECEMBER 31, 2007

ScheduleAs atAs atDecember 31 2007

March 31, 2007

(RS.'OOO)(Rs.'OOO)(Rs.'OOO) (Rs.'OOO)

SOURCES OF FUNDSSHAREHOLDERS FUNDS

Capital

1272,953272,953Stock Options Outstanding Account

219,1464,851Reserves and Surplus

32,255,7211,856,959

LOAN FUNDSSecured Loans

44,9943,829

2.552814

2,138,592

APPLICATION OF FUNDS FIXED ASSETS

5Gross Block

242,285203,567Less: Depreciation

139475102023Net Block

102,810101,544

Capital Advances

243665346,4752012 103,556

Deferred Tax Asset (Net)

610,1256,724

INVESTMENTS

72,512,7152,180,297

ADVANCE RECOVERABLE FROM ESOP TRUST

16,29216,292

CURRENT ASSETS, LOANS AND ADVANCES Sundry Debtors

830,518 22,579Cash and Bank Balances

9346,737 415,159Loans and Advances and Other Current Assets

10118057 97870495,312

535,608

LESS: CURRENT LIABILITIES AND PROVISIONS

11

Current liabilities

795,904664,468Provisions

32 20139417

828,105703,885

NET CURRENT ASSETS(332,793)(168,277)

MISCELLANEOUS EXPENDITURE

12

( to the extent not written off or adjusted)

2.552814

2,138,592

rhis is the Balance Sheet referred to in our report of even date.

Kaushik Dutta

Partner

Membership Number F-88540For and on behalf of

Price Waterhouse

Chartered Accountants

For and on behalf of the Board of Directors

Place: Naida

Date: January 22, 2008

Sd/-

Sanjeev Bikhchandani

Managing Director

Sd/-

Ambarish RaghuvanshiDirector & CFO

INFO EDGE (INDIA) LIMITED

PROFIT AND LOSS ACCOUNT FOR THE NINE MONTHS PERIOD ENDED DECEMBER31, 2007

Particulars ScheduleNine months period endedYear endedDecember 31 2007

March 31 2007(RS.'OOO)

(RS.'OOO)(RS.'OOO)(RS.'OOO)INCOME

Sales

1,714,9241,575,152Less: Service Tax

075512'1,539,412(1794571,395,695Other Income

13167,25875,938

1706670

1471633

EXPENDITUREAdvertising and Promotion Cost

327,586300,377Administration and Other expenses

14186,010171,922Personnel expenses

15540,633492,362Network and Other charges

1643,16058,988Finance and Bank Charges

177,4556,969Depreciation

539,44446,192

1,144,288

1,076,810

Net Profit before Tax

562,382394,823

Tax Expense- Current Tax (including for earlier years)

160,561125,987- Deferred Tax

6(3,401)(7,707)- Fringe Benefit Tax

6,4605,871

Net Profit after Tax

398762270672

Balance brought forward

253,5506,828Transfer from Stock Options Outstanding Account

6,610

Appropriations Proposed dividend

-20,471

Dividend Tax

-3,479

Transfer to General Reserve (Employee Stock Options

-6,610

Outstandinq Account) Transfer to General Reserve

-Balance carried to the balance sheet

652312253550

Earnings Per Share - Basic and Diluted

This is the Profit and Loss Account referred to in our report of even date

Kaushik DuttaPartner

Membership Number F-88540For and on behalf ofPrice WaterhouseChartered Accountants

Place: Naida

Date: January 22, 2008

14.61

For and on behalf of the Board of Directors

Sd/-

Sanjeev BikhchandaniManaging Director

Sd-

Ambarish RaghuvanshiDirector & CFO

11.31

Info Edge (India) LimitedCash Flow Statement for the nine months period ended December 31, 2007

A. Cash flow from operating activities:Net profit before tax

Adjustments for:DepreciationInterest ExpenseInterest IncomeInterest received on income tax refund

Income from Investment - Dividends

(Profit)/Loss on Fixed Assets sold{ProfiULoss on sale of InvestmentsProvision for Bad"& Doubtful Debts

Liability no longer required written backProvision for Gratuity & Leave EncashmentTDS on revenue receipts

Employee Stock Option Scheme Compensation ExpenseOperating profit before working capital changes

Adjustments for changes in working capital:

- (INCREASE)/DECREASE in Sundry Debtors- (INCREASE)/DECREASE in Loans, Advances and Other Current Assets- INCREASE/(DECREASE) in Current Liabilities and Provisions

Cash generated from operating activities

- Taxes (Paid) / Received (Net of TDS)

Net cash from operating activities

B. Cash flow from Investing activities:

For the nine months period endedDecember 31,2007

Amount (Rs.'OOO)

562,382

39,444290

(25,285)(2,191 )

(113,764)(191)

(14,748)5,325

(8,589)8,642

(73,382)14,296

392,229

(13,264)(17,561)142,043

503,447

(65,265)

438,182

For the year endedMarch 31,2007

Amount (Rs.'OOO)

394,823

46,192259

(20,215)

(46,125)(56)

(9)4,000

(8,991)4,756

(44,763)5,208

335,079

(14,355)(33,710)

314,077

601,091

(81,128)

519,963

Purchase of fixed assets

Proceeds from Sale of fixed assetsProceeds from Sale of InvestmentsPurchase of Investments

Interest Received (Revenue)Interest received on income tax refundDividend Received

Amount Paid on Acquisition

Net cash used in investing activities

c. Cash flow from financing activities:

Proceeds from long term borrowings (Net)Proceed from fresh issue of share capital (Net)Interest PaidDividend PaidDividend Tax Paid

Net cash used in financing activities

Net Increase/(Decrease) in Cash & Cash Equivalents

Opening Balance of Cash and cash equivalents

Closing Balance of Cash and cash equivalents

Cash and cash equivalents compriseCash in handBalance with Scheduled Banks

~in current acounts (Refer note 2 and 3 below)-in fixed deposits

Total

(285,973) (53,618)1,780

1872,636,935

1,235,731(2,934,611)

(3,290,000)2,375

15,0512,191 113,764

46,125

(19,995) (483,534)(2,046,524)

1,165

2,0181,637,617(285)

(243)(20,471)

(16,377)(3,479)

(2,297)

(23,070)

1,620,718

(68,422)

94,157

415,159

321,002

346,737

415,159

1,540

1,416

66,954

96,031278,243

317,712

346,737

415,159

Notes:

1 The above Cash Flow Statement has been prepared under the indirect method as setout in Accounting Standard -3 on "Cash Flow Statement"

issued by The Institute of Chartered Accountants of India.

2 Balance with scheduled bank in current account includes Rs 221 ,860 (previous period 2,290,825) in respect of unpaid application money

due for refund, which is not available for use by the company.

3 Balance with scheduled bank in current account includes Rs 48,857 (previous period Nil) in respect of unclaimed dividend due for refund,

which is not available for use by the company.

4 Figures in brackets indicate cash outflow.

This is the Cash Flow Statement referred to in our report of even date

Kaushik OuttaPartner

Membership Number F-88540For and on behalf ofPrice WaterhouseChartered Accountants

Place: Naida

Date: January 22, 2008

For and on behalf of the Board of Directors

Sd/-

Sanjeev BikhchandaniManaging Director

Sd/-

Ambarish RaghuvanshiDirector & CFO

SCHEDULE 4

SECURED LOANS

Deferred payment liability

(Secured by way of hypothecation of vehicles)

[Payable within one year Rs 2,312 Thousand (Previous Period Rs. 1,682

Thousand)]

4,994

4,994

3,829

3,829

INFO EDGE (INDIA) LIMITED

SCHEDULES FORMING PART OF THE BALANCE SHEET

SCHEDULE S

FIXED ASSETS

"-'."' •...•...

GROSS BLOCK (AT COST

DEPRECIATIONNET BLOCKDescription

As atAdditionsDeletionsAsatUptoDepreciation! AmortisationAccumulatedUp toAs atAs atApril 1, 2007

during theduring theDecember 31,2007April 1, 2007for the nine monthsDepreciation onDecember 31, 2007December 31, 2007March 31, 2007D"l"tion.OWN ASSETS

Intangible AssetsGoodwill

265 265203 25 2283762

Operating and Marketing Rights

27,560 27,56014,044 4,153 18,1979,36313,516

Tangible Assets Leasehold Improvements

35,83711,020 46,85714,253 6,888 21,14125,71621,584

Computers and Software

83,97016,07445799,58742,619 18,22619760,64838,93941,351

Plant and Machinery

11,2441,20594111,5087,651 1,0128297,8343,6743,593

Furniture and Fixtures

15,889545 16,4349,879 1,674 11,5534,8816,010

Office Equipment

19,1959,13521328,11710,017 5,5412215,53612,5819,178

Vehicles

733-733441 69 510223292

Leased AssetsVehicles

8,8744,3191,96911,2242,916 1,8569443,8287,3965,958

Total

203,S6742,2983,S80242,285102,023 39,4441,992139,47S102,810101,544

Capital Advances

243,6652,0121

Previous Period

151,24152,984658203,56756,358 46,192527102,023101,54494,883

INFO EDGE (INDIA) LIMITED

SCHEDULES FORMING PART OF THE BALANCE SHEET

SCHEDULE 6

DEFERRED TAX (ASSET)/LlABILITIES

LJeferredTax Asset 1 (Liability)- Opening Balance- Deferred Tax asset on adoption of AS-15 (Revised 2005)- I\djustment for the current Period

SCHEDULE 7

INVESTMENTS

Non Trade- Short Term (UnQuoted)

NIL (Previous Period-3,000,000) Units of Rs. 10(- each in PrudentialICICI FMP Series XXVIII - Institutional Cumulative

NIL (Previous Period 1,998,002) Units of Rs.10(- each in P133IGPrudential ICICI FMP Series-XII Institutional 1 Growth

NIL (i'revious Period 5,261,055) Units of Rs. 10(- each in P163RDPrudential ICICI FMP Series35 Three months Dlan A Retail Dividend

NIL (Previous Period 10,000,000) Units of Rs. 10(- each in P168RD

I'rudential ICICI FMP Series34 Six months plan Retail Dividend

10,088,000 (Previous Period NIL) Units of Rs. 10(- each in ICICI

Prudential Interval Fund Quarterly Interval Plan 1 Retail DividendReinvest

NIL (Previous Period 1.000,000) Units of Rs 101- each in HDFC FMPInstitutional Plan Growth

NIL (Previous Period 3,038,229) Units of Rs. 101- each in HDFC FMP900 March 2007 (4) -Wholesale Plan- Dividend- Reinvest

10,000,000 (Previous Period NIL) Units of Rs. 101- each In HDFC FMPIBM November 2007 (VI)- Wholesale Plan Growth

5.103,585 (Previous Period NIL) Units of Rs. 101- each in HDFCQuarterly Interval Fund- Plan C Wholesale Dividend

NIL (Previous Period 1,000,000) Units of Rs 101- each in BIRLA FTP­Series H Growth

NIL (Previous Period 10,182,691 ) Units of Rs. 101- each in B827D Birla

FTP Half Periodly Series 2 Dividend Payout

NIL (Previous Period 5,000,000 ) Units of Rs. 101- each in B840D Birla

FTP Quarterly Series 11 Dividend Payout

10,008,113 (Previous Period NIL) Units of Rs. 101- each in B857G BirlaFTP- Inst-Series X- Growth

4,894,302 (Previous Period NIL) Units of Rs, 101- each in B83 Birla SunLife Short Term Fund Monthly Dividend Reinvestment

2,073,084 (Previous Period NIL) Units of Rs, 101- each in B332DD Birla

Sunlife Liquid Plus Inst Daily Dividend Reinvestment

1,501,105 (Previous Period NIL) Units of Rs, 101- each in B874D BirlaBSL Interval Income Fund- INSTL-Quarterly-Series 2- Dividend-Payout

NIL (Previous Period 1,000,000) Units of Rs 101- each In Deutche FixedTerm Fund Series 5- Growth Option

NIL (Previous Period 1,000,000) Units of Rs 101- each In DeutscheFixed Term Fund- Series 14- Growth Option

NIL (Previous Period 10,000,000 ) Units of Rs, 10 each in DeutscheFixed Term Fund- Series 23- Dividend Option

As atDecember 31, 2007

(Rs.'OOO)

6.724

3,40110,125

As at

March 31, 2007(RS.'OOO)

(2,372)1,389

7,7076,724

NIL (Previous Period 5,233,188) Units of Rs. 10 each in Deutsche FixedTerm Fund- Series 27- Dividend Option

5,000,000 (Previous Period NIL) Units of Rs. 10 each in DWS FixedTerm Fund- Series 41- Institutional Growth

NIL (Previous Period 10,000) Units of Rs 1,000/- each in DSP MerillLynch Fixed Term Plan Series 3A Growth

NIL (Previous Period - 122,863) units of Rs. 1000/- each in DSP MerrillLynch Fixed Term Plan series 1-1 Dividend Institutional

124,369,477 (Previous Period - NIL) units of Rs. 10/- each in DSPMLCash Plus- Institutional- Daily Dividend

~2,6~2 (Previous Period - NIL) units of Rs. 1000/- each in DSP MerrillLynch Strategic Bond Fund - Institutional - Weekly Dividend

60,055 (Previous Period - NIL) units of Rs. 1000/- each in DSP Merrill

Lynch Fixed Term Plan Series 3 F- Institutional Growth

7,000,000 (Previous Period - NIL) units of Rs. 1000/- each in DSPMLFixed Term Plan 3 M Series 1- Instl Dividend

NIL (Previous Period 2,000,000) Units of Rs 10/- each in JM FixedMaturity Fund

NIL (Previous Period 1,000,000) Units of Rs 10/- each in HSBC FixedTerm Series 131nst Growth

NIL (Previous Period 2,000,000) units of Rs. 10/- each in OFTS9GHSBC FIXED TERM SERIES 9-GROWTH

NIL (Previous Period 552,704) Units of Rs. 10.01/- each in OCFPDDHSBC Cash Fund Institutional Plus Daily Dividend

10,000,000 (Previous Period 10,000,000) Units of Rs. 10/- each inOF211 G HSBC FIXED TERM SERIES 21 Inst -GROWTH

NIL (Previous Period 11,523,904 ) Units of Rs. 10/- each in OF261DHSBC FIXED TERM SERIES 26 Inst -Dividend

5,000,000 (Previous Period - NIL) units of Rs. 10/- each in HSBC FTS36 Inst Growth

5,160,295 (Previous Period - NIL) units of Rs. 10/- each in HSBC FixedTerm Series 32 Inst Growth

5,000,000 (Previous Period - NIL) units of Rs. 10/- each in HSBC FixedTerm Series 33 Inst Growth

6,119,621 (Previous Period - NIL) units of Rs. 10/- each in HSBC LiquidPlus Inst Plus Daily Dividend

13,319,035 (Previous Period - NIL) units of Rs. 10/- each in HSBCInterval fund Plan 1 Instl Div

NIL (Previous Period 1,000,000) Units of Rs 10/- each in TATA FixedHorizon Fund Series 3- Scheme C (13 Months)

NIL (Previous Period 7,154,214) units of Rs. 10/- each in TFDRP9 TataFixed Horizon Fund series 9- Scheme D Periodic Div

NIL (Previous Period 1,000,000) Units of Rs. 10/- each in TFHCD3 TataFixed Horizon Fund series 6- Scheme A Growth

NIL (Previous Period 11,784,984) Units of Rs. 10/- each in TFHHD6Tata Fixed Horizon Fund series 6- Scheme H Dividend

8,720,078 (Previous Period NIL) Units of Rs. 10/- each in TFLD TataFloater Fund Daily Dividend

2,001,492 (Previous Period NIL) Units of Rs. 10/- each in Tata FixedHorizon Fund Series 13 Scheme B- IG Growth

1,086,230 (Previous Period NIL) Units of Rs. 10/- each in Tata FixedHorizon Fund Series 14 Scheme B- IG Growth

NIL (Previous Period 14,377) Units of Rs. 1000/- each in -G70 StandardChartered Liquidity Manager- Plus- Daily Dividend

Nil (Previous Period 10,084,700) units of Rs. 10/- each in G181

Standard Chartered Fixed Maturity Plan- Quarterly Series 5- Dividend

Nil (Previous Period 10,000,000) Units of Rs. 10/- in G191 Standard

Chartered Fixed Maturity Plan- Half Periodly Series 2- Dividend

3,164,051 (Previous Period Nil) Units of Rs. 10/- in G50 Grindlays

Floating Rate fund l T Inst Plan B Daily Dividend

5.000,000 (Previous Period Nil) Units of Rs. 10/- in G540 STANDARDCHARTERED Fixed Maturity Plan- Quarterly Series 19

Nil (Previous Period 5,000,000) Units of Rs. 10/- each in PRINCIPALPNB FIXED MATURITY PLAN (FMP-34) 91 DAYS Series VII Feb 07

Nil (Previous Period 6,226,253) Units of Rs. 10/- each in PRINCIPALPNB FIXED MATURITY PLAN (FMP-35) 91 DAYS Series VIII Feb 07

5,983,622 (Previous Period Nil) Units of Rs. 10/- each in PrincipalIncome Fund Short Term Plan Instl Plan Dividend Reinvestment

Weekely

Nil (Previous Period 1,000,000) Units of Rs. 10/- each in M131YG ABNAmro FTP 3 Periodly Plan Growth

Nil (Previous Period 6,566,263) units of Rs. 10/- each M146QD ABNAMRO FTP Series 4 Quarterly Plan C - Dividend on maturity

Nil (Previous Period 10,198,970) units of Rs. 10/- each in M150QDABN AMRO FTP Series 4 Quarterly Plan E - Dividend on maturity

Nil (Previous Period 5.088,774) Units of Rs. 10/- each in ABN AMROFTP Series 6 Quarterly Plan C - Dividend on maturity

5,389,409 (Previous Period Nil) Units of Rs. 10/- each in M17DD ABNAMRO Money Plus Institutional Plan Daily Dividend

6,081.320 (Previous Period Nil) Units of Rs. 10/- each in M1881G ABNAMRO FTP S8 Yearly Plan D- Inst Growth

6.697,978 (Previous Period Nil) Units of Rs. 10/- each in M515QD ABNAMRO Interval Fund Quarterly Plan G- Quarterly Dividend Reinvestment

5,100,000 (Previous Period Nil) Units of Rs. 10/- each in M5151D ABNAMRO Interval Fund Quarterly Plan Hint Div Ren

Nil (Previous Period 3078121 ) units of Rs. 10/- each in UTI FMPQuarterly Series QFMP/0207/1 Dividend Plari- Reinvestment

Nil (Previous Period 1,511,361) units of Rs. 10/- each in UTI FMP(HFMP/0207/1)- Dividend Plan- Reinvestment

Nil (Previous Period 5,030,738) units of Rs. 10/- each in UTI FMPQuarterly Plan (QFMP/0207!11)- Dividend Plan- Reinvestment

15,947,927 (Previous Period Nil) Units of Rs. 10/- each in UTI Fixed

Income Interval Fund - Quarterly Plan Series 1IIInst Div PlanReinvestment

NIL (Previous Period 10,002,000 ) Units of Rs. 101- each in DBS CholaFMP Series 6 Otriy Plan 3 Div

8,310,934 (Previous Period NIL) Units of Rs. 101- each in C222 DBSChola Freedom Income STP Inst- Daily Div Reinvestment Plan

NIL (Previous Period 5,087,920) units of Rs. 101- each in SundaramBNP Paribas FTP Series XXII (90 Days) Div Plan

5,382,214 (Previous Period NIL) units of Rs. 101- each in S335

Sundaram BNP Paribas FTP 90 days Series 1 Inst Div

5,122,815 (Previous Period NIL) units of Rs. 101- each in S361Sundaram BNP Paribas Interval fund Oly Plan C Inst Div

NIL(Previous Period 5,078,406 ) units of Rs. 101- each in Reliance FixedHorizon Fund II Otrly Plan Series IV Retail Dividend Plan

5,810,473 (Previous Period NIL) units of Rs. 101- each in TempletonFloating rate Income Fund Long Term Plan Super Instl

102,862 (Previous Period NIL) units of Rs. 10001- each in TempletonIndia Short Term Income Plan Institutional

5,000,786 (Previous Period NIL) units of Rs. 101- each in 1330 ING FixedMaturity Fund - XXX- Dividend

5,000,000 (Previous Period NIL) units of Rs. 101- each in 1365 ING FixedMaturity Fund-34 Inst Dividend

2,545,028 (Previous Period NIL) units of Rs. 101- each in AIG IndiaTreasury Plus Fund Institutional Daily Dividend

2,544,583 (Previous Period NIL) units of Rs. 101- each in JPPDIJPMORGAN India Liquid Plus Fund - Dividend Plan reinvest

5,000,000 (Previous Period NIL) units of Rs. 101- each in Kotak FMP17M Series 1 Institutional - Growth

5,053,893 (Previous Period NIL) units of Rs. 101- each in Kotak FMP 3MSeries 26- Dividend

- Long Term (UnQuoted)

Investments in Subsidiary Companies

9,998 (Previous Period - 9,998) shares of Naukri Internet Services Pvt.

Ltd. of Rs. 10/- each fully paid up

10,000 (Previous Period - 10,000) shares of Jeevansathi Internet

Services Pvt. Ltd. of Rs. 10/- each fully paid up

500,000 (Previous Period - NIL) shares of Info Edge (India) Mauritius

Limited of USD 1/- each fully paid up

Other Investments

15,000 (Previous Period - 45,000) shares of Only Research Pvt. Ltd. ofRs. 10/- each fullv paid UP

SCHEDULE 8

SUNDRY DEBTORS

(Unsecured ,Considered good unless specifically indicated)

Debts outstanding for a periodexceeding six months

Considered doubtfulLess: Provision for Doubtful Debts

Other Debts

Considered good

Considered doubtfulLess: Provision for Doubtful Debts

(Rs.'OOO)

121121

5,2045,204

100

100

19,995

°

2,512,715

As at

December 31, 2007(Rs.'OOO) (Rs.'OOO)

329329

30,518

3,6713,671

30,518

100

100

°

2,180,297

As atMarch 31, 2007

(Rs.'OOO)

22,579

22,579

INFO EDGE (INDIA) LIMITED

SCHEDULES FORMING PART OF THE BALANCE SHEET

SCHEDULE 9

CASH AND BANK BALANCES

(Rs.'OOO)

As atDecember 31, 2007

(Rs.'OOO) (Rs.'OOO)

As at

March31, 2007(Rs.'OOO)

Cash in handBank Balances with scheduled banks in current account

Fixed Deoosit AccountsUnDaid ADDlicatiDn Money received by the comDany for allotment of securitiesand due for refund ** (Not available for use by the comDany)

SCHEDULE 10

lOANS AND ADVANCES AND OTHER CURRENT ASSETS

(Unsecured, considered qood)

Advance to Subsidiary

loan to SubsidiaryAdvance recoverable in cash or in kind or for value to

be received *Balance with Service Tax Authorities

Security Deoosits

Advance TaxLess: Provision for Tax

Interest Accrued on Fixed DeDas its

I.S40 1.41666,732

93.740278,243

317.712222

2,291

346,737

41S,159

270 344400 39,7S6

23,834

14,303

9.3S839.706

43,3392S6,611 236,921

19,69023,622

1.30S

1.1.lL..O.SL

97870

* Includes Rs 1,660 Thousand (Previous Period Rs 1,106 Thousand) outstanding with directorsMaximum amount outstandinq durinq the Period Rs 2,979 Thousand (Previous Period Rs 2,072 Thousand)

SCHEDULE 11

CURRENT LIABILITIES AND PROVISIONS

CURRENT LIABILITIES

Sundry CreditorsCredit Bank Balances

Amount Due to Subsidiary ComDanyDeferred Sales Revenue

Accrued Bonus

UnDaid ADDlication Money received by the comDany for allotment of securitiesand due for refund *Unclaimed Dividend (F,y, 2006-07) *Other liabilitiesInterest accrued but not due on loans

* Will be credited to Investor Education and Protection Fund as and when due

PROVISIONS

223.407 141.95738 74

100

502,581477,578

31.718

23,360222

2,291

4937,790

19,16225

20

795,904

664.468

EmDloyee benefitsProvision for TaxLess: Advance Tax

Provision for Frinqe Benefit Tax [Net of Advance Tax 16,306 Thousand

(Previous Period Rs, 8,116 Thousand)]

ProDosed DividendDividend Tax

SCHEDULE 12

MISCellANEOUS EXPENDITURE

(To the extent not written off or adiusted)

ODeninq Balance

Add: Additions durinq the PeriodLess: Written off aQainst securities premium

366,548

357,359

22,994

9,189

18

32,201

14,352

1.115

20.4713.479

39.417

300

103,S73103,873

INFO EDGE (INDIA) LIMITED

SCHEDULES FORMING PART OF THE PROFIT AND LOSS ACCOUNT

SCHEDULE 13

OTHER INCOME

Nine months period endedDecember 31, 2007

(Rs.'OOO)

Year ended

March 31, 2007(Rs.'OOO)

Interest Received:

On Fixed Deposits[Tax deducted at source Rs. 182 Thousand (PreviousPeriod Rs. 4,209 Thousand )]Others[Tax deducted at source Rs. 411 Thousand (PreviousPeriod Nil)]

Dividend Income from Mutual FundsProfit on sale of Investment

Profit on sale of Fixed Assets (net)Provision no longer required written backInterest received on Income Tax RefundMiscellaneous Income

SCHEDULE 14

ADMINISTRATION AND OTHER EXPENSES

23,473

1,812 25,285

113,76416,810

1918,5892,191

428

167,2S8

20,215

20,215

46,1259

56

8,991

542

75,938

Electricity and WaterRent

Repairs and Maintenance (Building)Repairs and Maintenance (Machinery)Loss on sale of InvestmentLegal and Professional ChargesRates & TaxesInsurance

Communication expensesTravel & ConveyanceBad DebtsProvision for Doubtful Debts

Miscellaneous expenses

SCHEDULE IS

PERSONNEL EXPENSES

Salaries,Wages and BonusContributions to Provident and other fundsSales Incentives and CommissionsStaff Welfare and Benefits

Employee Stock Option Scheme CompensationOther Employee Expenses

SCHEDULE 16

NETWORK AND OTHER CHARGES

14,253 13,47548,451

38,5447,825

8,1664,400

5,3402,062

313,267

10,93123,219

3,00325,944

25,97027,904

30,6194,8795,325

4,00033,360

26,990

186,010

171,922

389,624 319,88117,655

18,16275,800

100,46724,892

20,31114,296

5,20818,366

28,333

540,633

492,362

Internet and Server ChargesOthers

SCHEDULE 17

FINANCE AND BANK CHARGES

Interest on fixed loans

Bank Charges

40,4842,676

43,160

290

7,1657,455

51,5257,463

58,988

259

6,7106,969