APEEJAY TEA LIMITED

Registered Office :Talap 786 156, Assam

Unaudited Financial Results

for the quarter / half-year ended September 30, 2006

Rs. in lacs

Quarter Ended

Half Year Ended

Year Ended

31.03.2006

(Audited)

30.09.2006

30.09.2005

(Unaudited)

1. Gross Sales ( including claims )

5,351

3,884

9,418

Less : Cess

Net Sales/Income from Operations

5,330

3,866

9,373

2. Other Income @

612

310

729

3. Total Expenditure

4,518

3,468

10,029

a) (Increase)/Decrease in Stock

(1,893)

(2,408)

(304)

b) Consumption of Raw Materials (Note 3)

168

173

217

c) Staff Cost

3,363

3,114

5,576

d) Power and Fuel

998

978

1,548

e) Stores and Spares Consumed

578

615

920

f) Other Expenditure

1,304

996

2,072

4. Interest

274

149

425

5. Depreciation

181

168

338

6. Profit / (Loss) before Tax * (1+2-3-4-5)

969

391

(690)

7. Provision for Taxation ( Note 4 )

Current Tax

(8)

Deferred Tax ( net credit )

(10)

(11)

(24)

Fringe Benefit Tax

8. Net Profit / (Loss) (6-7)

913

364

(691)

9. Paid up Equity Share Capital

600

(Face value Rs.10/- per share)

10. Reserves excluding Revaluation Reserve

5,763

11. Basic and Diluted EPS (Rs.)

15.22

6.07

(11.52)

12. Aggregate of Public Shareholding

- Number of Shares

15,43,550

- Percentage of Shareholding

25.73

@including Profit on Redemption of investment in Preference Shares

279

* after considering Exchange (Gain) / Loss - Net

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

Quarter Ended

Half Year Ended

Year Ended
31.03.2006

30.06.2006

30.06.2005

1. Segment Revenue (Net Sales/Income from Operations)

a) Export

645

312

b) Domestic

4,685

3,768

9,061

Total

5,330

3,866

9,373

Less: Inter Segment Revenue

Net Sales / Income from Operations

5,330

3,866

9,373

2. Segment Result (Profit before Interest and Tax from segment)

a) Export

162

b) Domestic

868

535

(296)

Total

1,030

539

(288)

Less: Interest

274

149

425

Add: Unallocated Income net of unallocable expenditure

213

Profit / (Loss) before Tax

969

391

(690)

3. Capital Employed ( Debtors less Brokerage liability )

a) Export

477

b) Domestic

606

415

140

Total

1,083

498

167

Add: Unallocable corporate assets (net of corporate liabilities)

17,494

18,743

17,497

Total Capital Employed

18,577

19,241

17,664

Notes :

1. The above results have been taken on record at the Board Meeting held on Monday, October 30, 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 September, 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 September 30, 2006.

No. of complaints

Pending as at 01.07.2006

Received during the quarter

Attended to/disposed

Pending as

of during the quarter

at 30.09.2006

Nil 5

Nil

6. Tea industry is seasonal in character and as such results for three months ended September 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, October 30, 2006

Director

# Unaudited Financial Results for the year ended September 30, 2006

# Unaudited Financial Results for the year ended June 30, 2006

# Audited Financial Results for the year ended March 31, 2006

# Unaudited Financial Results for the quarter/ half-year ended December 31, 2005

# Unaudited Financial Results (Provisional)for three months ended September 30, 2005

# Unaudited Financial Results (Provisional)for three months ended June 30, 2005

# Audited Financial Results for the year ended March 31, 2005

# Unaudited Financial Results (Provisional) for three months ended December 31, 2004

# Unaudited Financial Results (Provisional) for three months ended September 30, 2004

# Unaudited Financial Results (Provisional) for three months ended June 30, 2004

# Audited Financial Results for the year ended March 31, 2004