GOLDIAM INTERNATIONAL LIMITED      
                                                                    REGISTERED OFFICE   
                                                          GEMS & JEWELLERY COMPLEX  
                                                                 SEEPZ , ANDHERI (EAST)  
                                                                       MUMBAI  -400096  
                                         Unaudited Financial Results for the Quarter ended   30TH JUNE, 2007  
                
                                                                                                                                                                   (RS.IN LACS)  
    Figures for the  Audited Figures Consolidated 
Sr.               Particulars Quarter Ended on for the year  For the Quarter ended on Audited for
No.     ended year ended
    30.06.2007 30.06.2006 31.03.2007 30.06.2007 30.06.2006 31.03.2007
             
1 Net Sales/ Income from operations 2053.87 4265.95 16554.60 6049.21 7521.84 30398.58
               
2 Other Income 38.25 210.93 568.28 37.53 188.01 402.49
               
3 Total Expenditure            
               
a) (Increase)/decrease in stock in trade (67.14) 14.54 (58.06) (119.83) 6.03 (6.32)
               
b) Consumption of Raw Materials 1768.90 3468.58 12842.24 5132.65 6039.54 23875.42
               
c) Staff Cost 163.96 174.24 788.15 363.29 394.15 1685.49
               
d) Other expenditure 265.09 272.53 1259.65 506.12 443.72 1971.08
    2130.80 3929.89 14831.98 5882.23 6883.45 27525.66
               
4 Interest 10.72 13.64 68.61 73.00 85.11 333.49
               
5 Depreciation  48.40 30.74 184.86 91.24 67.51 325.48
               
6 Profit(+)/Loss(-) beforeTax          (97.81) 502.60 2037.43                   40.28 673.78 2616.44
               
7 Provision for Taxation             
  A)  Current tax 0.00 0.00 0.00 0.00 0.00 0.00
  B)  Deferred Tax -100.43 358.74             1,426.94                   37.76 532.97 2009.68
  C)  Fringe Bebefit Tax 0.00 0.00 0.00 0.00 0.00 0.00
               
8 Net Profit(+)/Loss(-) after tax                -   0.00 0.00                        -   0.00 0.00
               
  Minority Interest                         16.38                  (105.92)              265.80
               
9 Net Profit        (100.43) 358.74 1426.94                   54.14 427.05 1743.88
               
10 Paid up Equity Share Capital 2703.28 2698.28 2703.28 2703.28 2698.28 2703.28
  (Face Value Rs.10/-)            
               
11 Reserves excluding revaluation      14342.60     15172.06
  reserves            
               
12 Basic and diluted EPS for the period,for the            
  year to date and for the previous year (not            
  to be annualised)            
               
a) Basic           (0.37) 1.33 5.28                     0.20 1.58 6.45
b) Diluted           (0.37) 1.33 5.29                     0.20 1.58 6.46
               
               
13 Aggregate of Non Promoter Shareholding            
    0 0 0 0.00 0.00 0
  a) No.of Shares 13302263 12514241 13302263 0.00 0.00 0
  b) Percentage of shareholding           0.00
               
   
1) The above results have been duly considered by the Audit Committee and were taken on record by the Board of Directors  
   of the Company at its meeting held on 30th July,2007
2) The Company has only one segment of activity namely "Jewellery Manufacturing".
3) The Institute of Chartered Accountants of India has issued a revised Accounting Standard (AS-15) of Employee Benefits and is effective to the 
  company from April,2007.The Company is in the process of  reviewing its liabilities in terms of revised Standard, however for the quarter 
  followed the old Standard and made necessary provision.  
4) The Company has opened 70 retail outlets of silver jewellery upto end of June,2007.Response from these outlets is highly encouraging.
5) Consolidated financial statements of the Company and its subsidiarIies have been prepared as per Accounting Standard AS 21    
   issued by The Institute of Chartered Accountants of India.  
6) The twelve complaints received during the quarter have been replied/redressed.No complaints are pending at the end of the quarter.
               For GOLDIAM INTERNATIONAL LIMITED  
   
   
        Place : Mumbai                                                                                                        Rashesh M.Bhansali  
        Dated:  30th JULY,2007                                                                     VICE CHAIRMAN &  MANAGING DIRECTOR          
               
depreciation on goodwill
                                   
                                                    GOLDIAM INTERNATIONAL LIMITED  
                                                                          REGISTERED OFFICE                                                                      
                                                               GEMS & JEWELLERy COMPLEX  
                                                                       SEEPy , ANDHERI (EAST)  
                                                                                   MUMBAI  -400096  
   
                                                                                                 Unaudited Financial Results (Provisional) for 2004 and 2005  
    
                                                                                                                                                                                                                (RS.IN LACS)          
                          Current Previous Consolidated Consolidated CONSOLIDATED FIGURES
Sr.               Particulars Quarter Corresponding Nine Months   Nine Months     Six months Six  Three Three For The For The For The For The year ended year Ended accounting accounting FOR THEQUARTER ENDED
No. Ended quarter In Ended on Ended on     Months Months Months quarter quarter quarter quarter 31.3.2008 31.3.2007 year ended year ended            
  On Previous year 31.12.2007 31.12.2006    Ended Ended Ended Ended         (GOLDIAM)   31.03.2008 31.03.2007            
  31.12.2007 Ended On       On 30.09.2006 6/30/2007 6/30/2006 30.09.2007 30.09.2006 31.03.2008 31.03.2007   (Audited) (Audited) 30.06.2007 30.09.2007 31.12.2007 30.06.2006 30.09.2006 31.12.2006
    31.12.2006       30.09.2007                                  
                                                 
1   Net Sales/ Income from operations   5452.14 2053.87 14040.70   2053.87 8588.55 2053.87 4265.95   4322.60     (2,053.87)         2,513.90   16554.60   30398.58 6049.21     7521.84 14245.20 23534.83
                                               
2   Other Income   265.39 38.25 639.45   38.25 374.07 38.25 210.93           163.14         (38.25)             (71.17) 568.28   402.49           37.53             188.01 354.60 600.07
                                           
3   Total Income                -           5,717.52             2,092.11             14,680.15                          -             2,092.11            8,962.62        2,092.11     4,476.88               -        4,485.74     (2,092.11)         2,442.72                   -       17,122.88               -       30,801.07       6,086.74                -                -         7,709.85     14,599.80  24,134.90
                                               
4   Expenditure                                            
                                               
a)  (Increase)/decrease in stock in trade               64.66                (67.14) 36.46   (67.14) (28.20) (67.14) 14.54   (42.75)   (94.51)            (58.06)   (6.32)         (119.83)                 6.03            (9.40)       (18.62)
                                               
b)  Consumption of Raw Materials   4201.77             1,768.90 10712.99   1768.90 6511.22 1768.90 3468.58   3042.64     (1,768.90) 2129.25   12842.24   23875.42       5,132.65           6,039.54 10861.07 18282.13
                                               
c)   Purchase of Traded Goods                                            
                                               
d)   Employees Cost   136.58               163.96 579.92   163.96 443.34 163.96 174.24   269.10        (163.96) 208.22   788.15   1685.49 363.29     394.15 866.04 1228.81
                                               
e)   Depreciation   52.16 48.40 123.84   48.40 71.67 48.40 30.74   40.93         (48.40) 61.02   184.86   325.48 91.24     67.51 150.08 229.87
                                               
f)   Other expenditure 236.81               265.09 801.25 265.09 564.45 265.09 272.53   291.92        (265.09) 458.40   1259.65   1971.08 506.12     443.72 902.97 1366.68
     
g)   Total 0.00 4691.98 2179.21 12254.46 0.00 2179.21 7562.47 2179.21 3960.63 0.00 3601.84 -2246.34 2762.38 0.00 15016.84 0.00 27851.14 5973.46 0.00 0.00 6950.96 12770.76 21088.88
                                               
5   Interest   14.70 10.72 41.12   10.72 26.42 10.72 13.64   12.77         (10.72) 27.48   68.61   333.49 73.00     85.11 165.02 239.25
                                               
6   Exceptional Items   0 0 0 0
                                               
7   Profit(+)/Loss(-) from Ordinary Activities before 0.00 1010.85 -97.81 2384.57 0.00 -97.81 1373.73           (97.81) 502.60 0.00 871.12 164.95           (347.14) 0.00 2037.43 0.00 2616.44 40.28 0.00 0.00 673.78 1664.01 2806.78
    tax                                            
                                               
8   Tax Expenses              297.50   709.85   2.62              412.35 2.62 143.86   268.49 0             (99.34)   610.50   606.76 2.52     140.81         416.67 715.21
                                               
9   Net Profit(+)/Loss(-) from Ordinary Activities  0.00 713.34 -97.81 1674.72 0.00 -100.43 961.38          (100.43) 358.74 0.00 602.63 164.95           (247.79) 0.00 1426.94 0.00 2009.68 37.76 0.00 0.00 532.97 1247.35 2091.56
    after tax                                            
                                               
10   Extraordinary Items ( net of tax Expense    0.00 0.00 0.00 0.00 0.00 0.00                 -   0.00 0.00 0.00               -   0.00 0.00 0.00 0.00 0.00                -   0.00 0.00 0.00 0.00 0.00
    Rs.                )                                            
                                               
11   Minority Interest                                         265.80           16.38            (105.92) 161.81 247.62
                                               
12   Net Profit(+)/Loss(-) for the period.                -              713.34                (97.81)              1,674.72                          -               (100.43)              961.38          (100.43)        358.74               -           602.63         164.95           (247.79)                   -        1,426.94               -        1,743.88           54.14                -                -           427.05       1,085.53    1,843.94
                                                  
13   Paid up Equity Share Capital   2698.28 2698.28 2698.28   2698.28 2698.28 2703.28 2698.28   2698.28      2,703.28 2703.28   2703.28   2703.28 2703.28     2698.28 2698.28 2698.28
    (Face Value Rs.10/-)                                              
                                                 
14   Reserves excluding revaluation     0.00 0.00   0.00 0.00 0.00             14342.60   15172.06            
    reserves                                              
                                                 
15   Earning Per Share (EPS)                                              
  a) Basic and diluted EPS before Extraordinary                                              
      items for the period for the year to date and                                               
      for the previous year ( not to be annualised)   2.64 (0.36) 6.21   -0.37 3.56             (0.37) 1.33   2.23               -                (0.92)   5.28   6.45             0.20     1.58 4.02 6.83
     
  b) Basic and diluted EPS after Extraordinary  
      items for the period for the year to date and                                               
      for the previous year ( not to be annualised)   2.64 (0.36) 6.21   -0.37 3.56             (0.37) 1.33   2.23            0.61              (0.92)   5.29   6.46             0.20     1.58 4.02 6.83
                                                 
16 Public Shareholdiang                                              
  a) No. of Shares   12402263 12402263 12034700   12485799 12485799 13302263 12514241   12485799 13302263 13302263   13302263                
  b) Percentage of shareholding   45.96 45.96 45.53   46.27 46.27 49.21 46.38   46.27 49.21 49.21   49.21                
                                                 
                                   
  1)            The above unaudited quarterly Financial Results of the Company have been taken on  record by the Board of Directors   
     at the meeting held on 14th January,2000.  
   
#2)             The Company has bought back 1900 Equity shares of Rs.10/- each at the rate of Rs.32.50 per share during the quarter under review.  
   
   
   
                                                                                                                       FOR  GOLDIAM INTERNATIONAL  LTD  
   
   
        Place : Mumbai                                                                                               Rashesh M.Bhansali  
        Dated:  14th Janauary,2000                                                                        MANAGING DIRECTOR