(Rs. in Crores)

S.N.

PARTICULARS

1.

Net Sales/Income From Operations

159.63

2.

Other Income

9.22

3.

Total Expenditure

144.34

a) (Increase) /decrease in stock in trade

(23.57)

b) Purchase

139.41

c) Staff cost

d) Other expenditure

4.

Interest

5.

Depreciation

6.

Profit / (Loss) before Tax [1+2-3-4-5]

7.

Provision for Tax (incl. Fringe Benefit Tax)

7a.

Deferred Tax

8.

Net Profit / (Loss) [6-7]

9.

Paid up Equity Share Capital of Rs. 10/- each

10.

Reserve excluding Revaluation Reserve

11.

Basic/Diluted EPS (Rs.) - Not Annualised

12.

Aggregate of Non - Promoter Shareholding

- Number of Shares

- Percentage of Shareholding

13.

Number of Shareholders

  NOTES:

1 The above results have been reveiwed by the Audit Committee in its meeting held on 17.10.06 and approved by the Board of Directors in its meeting held on 18.10.06.The Statutory Auditors of the Company have also carried out the "Limited Review" of the above results.

2 In terms of amended clause 41 of the Listing agreement, details of Investors complaints for the quarter ended 30th September 2006 are as under :-
at the beginning of the quarter                                            Nil
received during the quarter                                                135
disposed off during the quarter                                          131
pending at the end of the quarter                                        4                       (since resolved)

3 20,00,000 Equity Shares of Rs 10/- each have been issued against 20,00,000 Share Warrants @ Rs. 75/- per share in the Board Meeting held on 18.09.2006. The proceeds thereof, have been utilised for funding the long term working capital requirements of the company. Also 50,50,000 share warrants have expired on 01.10.2006 and consequently Rs 10.10 Crores received on application thereof, is being transferred to Capital Reserve.

4 Out of the proceeds of zero coupon FCCBs of Rs 267.96 Crores issued in April 2006, Rs. 63.12 Crores have remained unutilised till the end of September 2006.

5 The Accounting Standard AS-15 (Revised 2005) on "Employee Benefits" issued by the Institute of Chartered Accountants of India which is applicable from April 1, 2006 has been complied with.

6 The Board of Directors at their meeting held on 18.10.2006, have allotted 12,19,53,021 equity shares of Rs 10 each as Bonus Shares in the ratio of 1:1 to the existing shareholders whose names appear in the Register of Members on 29.09.2006. The same shall be credited to the accounts of respective shareholders only after receipt of necessary approvals from Stock Exchanges and other relevant authorities.

7 Previous period figures have been regrouped / rearranged wherever considered necessary. In Segment Reporting as per AS-17, previous year's figures are not applicable since the company did not have multiple segments to report.


                                                                                                          By order of the Board
                                                                                         FOR GUJARAT NRE COKE LIMITED



Place : KOLKATA                                                                             A K JAGATRAMKA
Date : 18.10.2006                                                                  Vice Chairman & Managing Director