

APEEJAY TEA LIMITED

Unaudited Financial Results
for three months ended June 30, 2006
			Rs. in lacs
	Three Months ended		Year ended
	30.06.2006	30.06.2005	31.03.2006
	(Unaudited)	(Unaudited)	(Audited)
1. Gross Sales ( including claims )	1,468	1,301	9,418
Less : Cess	4	2	45
Net Sales/Income from Operations	1,464	1,299	9,373
2. Other Income	186	165	729
3. Total Expenditure	1,383	1,494	10,029
a) (Increase)/Decrease in Stock	(1,433)	(1,101)	(304)
b) Consumption of Raw Materials (Note 3)	71	80	217
c) Staff Cost	1,530	1,399	5,576
d) Power and Fuel	422	388	1,548
e) Stores and Spares	331	339	920
f) Other Expenditure	462	389	2,072
4. Interest	148	62	425
5. Depreciation	86	78	338
6. Profit / (Loss) before Tax * (1+2-3-4-5)	33	(170)	(690)
7. Provision for Taxation ( Note 4 )
Current Tax	2	24	(8)
Deferred Tax ( net credit )	(5)	(5)	(24)
Fringe Benefit Tax	4	7	33
8. Net Profit / (Loss) (6-7)	32	(196)	(691)
9. Paid up Equity Share Capital	600	600	600
(Face value Rs.10/- per share)
10. Reserves excluding Revaluation Reserve			5,763
11. Basic and Diluted EPS (Rs.)	0.53	(3.27)	(11.52)
12. Aggregate of Public Shareholding
- Number of Shares	15,43,550	15,43,550	15,43,550
- Percentage of Shareholding	25.73	25.73	25.73

* after considering Exchange (Gain) / Loss - Net	23	(4)	23

REPORTING OF SEGMENTWISE RESULTS AND CAPITAL EMPLOYED UNDER CLAUSE 41 OF THE LISTING AGREEMENT

	Three Months ended		Year ended
	30.06.2006	30.06.2005	31.03.2006
1. Segment Revenue (Net Sales/Income from Operations)
a) Export	37	-	312
b) Domestic	1,427	1,299	9,061
Total	1,464	1,299	9,373
Less: Inter Segment Revenue	-	-	-
Net Sales / Income from Operations	1,464	1,299	9,373
2. Segment Result (Profit before Interest and Tax from segment)
a) Export	4	-	8
b) Domestic	176	(134)	(296)
Total	180	(134)	(288)
Less: Interest	148	62	425
Add: Unallocated Income net of unallocable expenditure	1	26	23
Profit / (Loss) before Tax	33	(170)	(690)
3. Capital Employed ( Debtors less Brokerage liability )
a) Export	37	-	27
b) Domestic	404	373	140
Total	441	373	167
Add: Unallocable corporate assets (net of corporate liabilities)	17,255	18,308	17,497
Total Capital Employed	17,696	18,681	17,664

Notes :

1. The above results have been taken on record at the Board Meeting held on Monday, July 31, 2006, after due consideration
of the same by the meeting of the Audit Committee held on the same date.

2. The Accounting Standard ( AS ) - 15 ( Revised ) on 'Employee Benefits' issued by the Institute of Chartered Accountants of India
has become applicable during the current quarter and the Company is in the process of ascertaining impact, if any , on certain
accrued employee costs upto the quarter ended 30th June, 2006 in terms of the said AS.This will be accounted for on completion of aforesaid process.

3. Consumption of Raw Material shown above represents cost of green leaf purchased from others .The value of consumption
of green leaf harvested from the Company's own estates is not ascertainable because of integrated operation of harvesting
green leaf to manufacture of black tea .

4.a) Provision for tax for the quarter ended June 30, 2006 is based on estimate of taxable profits of the relevant period after
considering depreciation on fixed assets on the basis of the Calcutta High Court in CIT vs Suman Tea & Plywoods
Industries Private Limited reported in 204 ITR 719. The ultimate tax liability would be on the basis of taxable income
for the year ending March 31, 2007.

b) Deferred Tax Assets ( net ) pertaining to Agricultural Income Tax Losses have not been recognised in the absence of virtual
certainty of availability of taxable Income in future years.

5. Status of investor grievances for the three months ended June 30, 2006.
No. of complaints
Pending as at 01.04.2006 Received during the	Attended to/disposed	Pending as
quarter	of during the quarter	at 30.06.2006
Nil 1	1	Nil

6. Tea industry is seasonal in character and as such results for three months ended June 30, 2006 should not be construed
as representative of the likely result of the Company for the financial year ending March 31, 2007.

7. Pending approval of the Scheme of Arrangement to demerge Kharjan Tea Estate to Kharjan Tea Estate Private Limited ( proposed
to be effective from 1st April,2005 ) by the Honourable High Court of Guwahati, no effect of the said scheme has been given in
these accounts.

8. Comparative figures have been regrouped / rearranged wherever necessary.

		By Order of the Board
	APEEJAY TEA LIMITED


		Sd/- Jit Paul
Kolkata, July 31, 2006		Director