Year Ended March 31, 2008 - Lumax Auto Technologies Ltd.

Consolidated Profit & Loss account for the year ended March 31, 2008ParticularsINCOMEGross SalesLess : Excise DutyNet SalesOther IncomeEXPENDITUREPurchase of Traded goodsMaterial ConsumedDecrease/(Increase) In InventoryManufacturing CostEmployee CostAdministrative CostInterest CostDepreciationYear endedSchedule 31.03.2008(Amount in Rs.)Year ended31.03.2007O 3,250,967,171 2,543,355,318339,476,755 379,098,3182,911,490,416 2,164,257,000P 10,370,389 2,591,2482,921,860,805 2,166,848,2481,050,842,133 375,823,056Q 1,235,585,101 1,407,148,459R (18,323,330) (37,908,821)S 171,868,210 168,868,465T 136,808,606 74,493,933U 97,352,713 46,534,313V 26,487,648 12,890,71240,713,898 23,629,5222,741,334,979 2,071,479,639PROFIT BEFORE TAXLess: Provision for TaxationFor Earlier YearsFor Current YearDeferred TaxFringe Benefit TaxPROFIT AFTER TAXBalance brought forward from earlier yearPrior period adjustmentsAdd: Adjustments made during the yearBalance available for appropriationLess :Provision for DividendProvision for Tax On DividendTransferred to General ReserveBalance carried to Balance Sheet180,525,826 95,368,609415,512 561,76041,408,300 24,100,00018,437,774 8,575,4001,204,740 765,362119,059,500 61,366,08759,711,486 20,297,342(5,000,935) -- 1,210,540173,770,051 82,873,96917,447,312 17,447,3122,965,170 2,965,1712,700,000 2,750,000150,657,569 59,711,486Outstanding No. of Shares (F.V. Rs. 10/-)11,631,541 11,631,541Earnings Per ShareBasicDiluted(Face Value Per Share Rs. 10/-)10.24 6.9010.24 6.60Notes of AccountsWAs per our report of even dateFor D. R. Barve & CompanyChartered AccountantFor and on behalf of the Board of Directors of Lumax Auto Technologies Ltd.CA D. R. BarveProprietorM. No. 17661Place : GurgaonDate : June 28, 200870D. K. JainChairmanAshish DubeyHead FinanceUsha JainManaging DirectorMilita BharCompany Secretary