UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH SEPTEMBER 2011   S.No Particulars Quarter Ended Half Year Ended Year  Ended 30.09.2011 30.09.2010 30.09.2011 30.09.2010 31.03.2011 Un Audited Un Audited Audited     Rs in lakhs 1 Income             a) Net Income from Operations 71.40 61.46 148.06 124.59 293.74    b) Other Operating Income 0.00 0.00 0.00 0.00 0.00   Total Income ( a+b) 71.40 61.46 148.06 124.59 293.74 2 Expenditure             a.  Employee Cost 16.86 12.93 33.10 25.71 62.33   b.  Depreciation 13.97 10.92 26.70 21.89 44.95   c.  Other Expenditure 37.57 26.90 66.09 51.09 129.43   d.  Dimunition in value of Investments 62.49 3.49 70.37 3.05 0.92   e.  Provision for NPA - - - - -   Total Exependiture 130.89 54.24 196.26 101.74 237.63 3 Profit /(Loss) from Operations before Other Income, Interest & Exceptional Items (1-2) (59.49) 7.22 (48.20) 22.85 56.11 4 Other Income 0.00 0.00 0.00 0.00 0.00 5 Profit /(Loss) before Interest & Exceptional Items (3+4) (59.49) 7.22 (48.20) 22.85 56.11 6 Interest 0.00 0.00 0.00 0.00 0.00 7 Profit /(Loss) after  Interest & Exceptional Items (5-6) (59.49) 7.22 (48.20) 22.85 56.11 8 Exceptional  Items  0.00 0.00 0.00 0.00 0.00 9 Profit/(Loss) from Ordinary actitivities before tax (7+8) (59.49) 7.22 (48.20) 22.85 56.11 10 Tax Expenses 0.89 3.11 3.13 8.34 14.13 11 Net Profit/(Loss) from Ordinary actitivities after tax (9-10) (60.38) 4.11 (51.33) 14.51 41.98 12 Extra Ordinary items ( Net of Tax Expense of Rs………………) 0.00 0.00 0.00 0.00 0.00 13 Net Profit/(Loss) for the period (11-12) (60.38) 4.11 (51.33) 14.51 41.98 14 Paid up Equity shares capital @ Rs. 10/- each. 499.72 499.72 499.72 499.72 499.72 15 Reserves excluding revaluation reserves as per balance sheet of previous accounting year 138.94 126.10 138.94 126.10 138.94 16 Earnings per Share (EPS)             a.  Basic and Diluted EPS before Extra Ordinary Items for the period, for the year to date and for the previous years (not to be annualised) (1.21) 0.08 (1.03) 0.29 0.84   b.  Basic and Diluted EPS after Extra Ordinary Items for the period, for the year to date and for the previous years (not to be annualised) (1.21) 0.08 (1.03) 0.29 0.84 17 Public Shareholding              a.  No of Shares 3619146 3622046 3619146 3622046 3619146   b.  % of Shareholding 72.46 72.52 72.46 72.52 72.46 18 Promoters and Promoter Group Shareholding             a. Pledged/Encumbered - - - - -   b. Non-encumbered             -No of Shares 1375254 1372354 1375254 1372354 1375254    % of Shares ( as a % of the total shareholding of promoter and promoter group) 100.00 100.00 100.00 100.00 100.00   % of Shares ( as a % of the total share capital of the Company) 27.54 27.48 27.54 27.48 27.54   Segment-wise Revenue, Results and Capital Employed under Clause 41 of the Listing Agreement S.No Particulars Quarter Ended Half Year Ended Year  Ended 30.09.2011 30.09.2010 30.09.2011 30.09.2010 31.03.2011 Un Audited Un Audited Audited     Rs in lakhs 1 Segment Revenue (Net sales/Income from each Segment)             a.  Financial Services 1.98 7.84 23.08 15.37 61.91   b.  Travel Services 69.42 53.62 124.98 109.22 231.83   c.  Others 0.00 0.00 0.00 0.00 0.00   Total 71.40 61.46 148.06 124.59 293.74   Less:  Inter Segment Revenue 0.00 0.00 0.00 0.00 0.00   Net Sales/Income from operations 71.40 61.46 148.06 124.59 293.74 2 Segment Results (Profit/(Loss) before Tax and Interest from each segment)             a.  Financial Services (after Interest) (61.74) (4.51) (56.71) (5.08) 29.93   b.  Travel Services 2.25 11.73 8.51 27.93 26.18   c.  Others 0.00 0.00 0.00 0.00 0.00   Total (59.49) 7.22 (48.20) 22.85 56.11   Less:             i.  Interest (Travel Services only) 0.00 0.00 0.00 0.00 0.00   ii.  Other unallocable expenditure net off 0.00 0.00 0.00 0.00 0.00   Total profit/(loss) before Tax (59.49) 7.22 (48.20) 22.85 56.11 3 Capital Employed (Segment Assets -  Segment Liabilities)             a.  Financial Services  428.45 533.11 428.45 533.11 527.80   b.  Travel Services 193.25 107.03 193.25 107.03 142.06   c.  Others (51.34) (13.88) (51.34) (13.88) (17.68)   Total 570.36 626.26 570.36 626.26 652.18   Statement of Assets & Liabilities as per Clause 41((I)(ea) of the Listing Agreement S.No Particulars As at 30.09.2011 30.09.2010 31.03.2011     Un audited Un audited Audited SOURCES OF FUNDS Rs in lakhs 1 Shareholders Funds         a.  Capital 499.72 499.72 499.72   b.  Reserves and Surplus 87.61 140.60 138.94 2 Loan Funds - - - 3 Deferred Tax - - -   Total 587.33 640.32 638.66 APPLICATION OF FUNDS       4 Fixed Assets 89.93 37.26 59.60 5 Investments 228.35 301.66 278.20 6 Current Assets, Loans and Advances         a.  Inventories 53.83 85.28 69.01   b.  Sundry Debtors 63.07 45.74 125.32   c.  Cash & Bank Balances 192.32 207.70 152.20   d.  Other Current Assets - - -   e.  Loans and Advances 82.79 111.12 69.23   Total 392.01 449.84 415.76 7 LESS: Current Liabilities and provisions         a.  Current Liabilities 71.96 55.17 37.91   b.  Provisions 67.97 107.31 92.60 8 Net Current Assets 252.08 287.36 285.25   Miscellaneous Expenditure (not written off or adjusted) - - -   Deferred Tax 16.97 14.04 15.61   Profit and Loss Account - - -   Total 587.33 640.32 638.66   Notes 1 The above results have been recommended by the Audit Committee and approved by the Board of Directors at its meeting held on 09.11.2011. Statutory Auditors have also carried out a Limited Review. 2 There were no pending Investors' complaints at the beginning of the quarter. Duirng the Quarter Received - 4, Settled - 4 , Pending - Nil. 3 Previous year's/Quarter's figures have been regrouped/ reclassified wherever necessary. 4 The above Financial Results are available on the wesite of the company : www.dharanifinance.in (By order of the Board) For Dharani Finance Limited Date  :  09.11.2011 Dr Palani G Periasamy Place: Chennai-34 Chairman