GOLDIAM INTERNATIONAL LIMITED
MANUFACTURERS & EXPORTERS OF JEWELLERY
REGISTERED OFFICE
GEMS & JEWELLERY COMPLEX
SEEPZ , ANDHERI (EAST)
MUMBAI  -400096
Audited Financial Results for theYear ended 31st March,2008
									(Rs.in Lacs)
		Figures for the		Audited for		Consolidated
Sr.	Particulars	Quarter Ended on		for the Year ended on		Figures for the		Audited for the
No.						Quarter Ended on		Year ended on
		31.03.2008	31.03.2007	31.03.2008	31.03.2007	31.03.2008	31.03.2007	31.03.2008	31.03.2007
1	Net Sales/ Income from operations	1,017.48	2,513.90	9,411.43	16,554.60	5,433.88	6,863.76	28,064.75	30,398.58
	(Net of VAT)
2	Other Income	(225.26)	(71.17)	441.31	568.28	(321.38)	(197.58)	338.42	402.49
3	Total Income	792.22	2,442.72	9,852.73	17,122.88	5,112.50	6,666.17	28,403.18	30,801.07
4	Expenditure
a)	(Increase)/decrease in stock in trade	(81.54)	(94.51)	(299.62)	(58.06)	(201.23)	12.30	(395.23)	(6.32)
b)	Consumption of Raw Materials	499.29	2,094.65	7,294.18	12,737.94	4,254.96	5,577.14	22,823.43	23,814.53
c)	Purchase of Traded Goods	186.34	34.60	644.58	104.31	171.36	16.16	549.69	60.89
d)	Employees Cost	155.00	208.22	664.24	788.15	403.56	456.67	1,523.36	1,685.49
e)	Depreciation	32.67	61.02	182.45	184.86	61.30	95.60	342.71	325.48
f)	Other expenditure	461.69	458.40	1,278.72	1,259.65	829.03	604.39	2,368.65	1,971.08
g)	Total	1,253.45	2,762.38	9,764.56	15,016.84	5,518.97	6,762.26	27,212.61	27,851.14
5	Interest	8.96	27.48	36.43	68.61	42.28	94.24	277.72	333.49
6	Exceptional Items	-	-	-	-	-	-	-	-
7	Profit(+)/Loss(-) from Ordinary Activities before	(470.19)	(347.14)	51.75	2,037.43	(448.75)	(190.34)	912.84	2,616.44
	tax
8	Tax Expenses	(119.35)	(99.34)	62.13	610.50	(96.91)	(108.45)	95.20	606.76
9	Net Profit(+)/Loss(-) from Ordinary Activities	(350.85)	(247.79)	(10.38)	1,426.94	(351.84)	(81.88)	817.64	2,009.68
	after tax
10	Extraordinary Items ( net of tax Expense	-	-	-	-			-	-
	Rs.NIL       )
11	Minority Interest	-	-	-	-	(68.01)	18.17	96.18	265.80
12	Net Profit(+)/Loss(-) for the period.	(350.85)	(247.79)	(10.38)	1,426.94	(283.82)	(100.06)	721.46	1,743.88
13	Paid up Equity Share Capital	2,703.28	2,703.28	2,703.28	2,703.28	2,703.28	2,703.28	2,703.28	2,703.28
	(Face Value Rs.10/-)
14	Reserves excluding revaluation	-	-	14,749.33	14,342.60	16,365.45	15,172.06	16,365.45	15,172.06
	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)	(1.30)	(0.92)	(0.04)	5.28	(1.05)	(0.37)	2.67	6.45
	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)	(1.30)	(0.92)	(0.04)	5.29	(1.05)	(0.37)	2.67	6.46
16	Public Shareholdiang
	a) No. of Shares	13,287,263	13,302,263	13,287,263	13,302,263	13,287,263	13,302,263	13,287,263	13,302,263
	b) Percentage of shareholding	49.15	49.21	49.15	49.21	49.15	49.21	49.15	49.21
1	The above Audited 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 June,2008
2	Consolidated financial statements of the Company and its subsidiaries have been prepared as per Accounting Standard AS 21 issued by The Institute of Chartered Accountants of India
3	Ten complaints received during the quarter have been replied/redressed.There were no complaints pending at the beginning and end of the quarter.
4	Tax Expenses includes Current Tax,Deferred Tax and Fringe Benefit Tax.
5	Members of the Company have, by postal ballot, passed addition of new objects and buy back of shares.The same have been approved by the Registrar of Companies, Maharashtra, Mumbai.
6	The Company has bought back 3,41,981 equity shares through market operations till date
7	The Stand alone results of the Company are available on the Company's website www.goldiam.com and also available on Mumbai Stock Exchange and National Stock Exchange websites
	www.bseindia.com and www.nseindia.com respectively.
8	The figures in Rs.Lacs are rounded off to two decimals.
Segment wise Revenue,Results and Capital Employed under Clause 41of the Listing Agreement
		Figures for the		Audited for		Consolidated
Sr.	Particulars	Quarter Ended on		for the Year ended on		Figures for the		Audited for the
No.						Quarter Ended on		Year ended on
		31.03.2008	31.03.2007	31.03.2008	31.03.2007	31.03.2008	31.03.2007	31.03.2008	31.03.2007
A	PRIMARY SEGMENT:
1	Segment Revenue :
	a) Jewellery	1,017.85	2,607.97	9,465.88	16,653.65	5,376.85	6,908.11	28,067.76	30,482.35
	b) Investments	(225.63)	(165.24)	386.85	469.23	(264.36)	(241.94)	335.41	318.72
	Total	792.22	2,442.73	9,852.73	17,122.88	5,112.50	6,666.17	28,403.18	30,801.07
	Less : Inter Segment Revenue	-	-	-	-	-	-	-	-
	Net Sales/ Income from operation	792.22	2,442.73	9,852.73	17,122.88	5,112.50	6,666.17	28,403.18	30,801.07
2	Segment Results :
	Profit/(Loss) before tax and interest
	a) Jewellery	(214.85)	(81.32)	(223.40)	1,778.55	(118.91)	218.94	932.88	2,772.95
	b) Investments	(241.42)	(229.03)	337.39	372.34	(281.19)	(305.74)	284.90	221.83
	Total	(456.27)	(310.35)	113.99	2,150.89	(400.10)	(86.80)	1,217.78	2,994.78
	Less : i) Interest	8.96	27.49	36.43	68.61	42.28	94.24	277.72	333.49
	ii) Other un - allocable expenditure (Net)	4.96	9.30	25.81	44.85	6.37	9.30	27.22	44.85
	Total Profit Before Tax	(470.19)	(347.14)	51.75	2,037.43	(448.75)	(190.34)	912.84	2,616.44
	Net Assets
	a) Jewellery	11,640.19	12,564.85	11,640.19	12,564.85	14,109.24	12,932.58	14,109.24	12,932.58
	b) Investments	5,073.92	3,271.60	5,073.92	3,271.60	3,310.67	3,271.60	3,310.67	3,271.60
	c) Unallocated assets / (Liabilties)	738.50	1,689.13	738.50	1,689.13	1,648.82	2,150.86	1,648.82	2,150.86
	Total	17,452.61	17,525.58	17,452.61	17,525.58	19,068.73	18,355.04	19,068.73	18,355.04
B	SECONDARY SEGMENT
1	Segment Revenue :
	Within India	(405.75)	7.91	(200.99)	(70.40)	(452.23)	(76.35)	(196.53)	(194.04)
	Exports Outside India	190.90	(89.24)	(22.41)	1,848.95	333.32	295.29	1,129.40	2,966.99
	Total Revenue	(214.85)	(81.32)	(223.40)	1,778.55	(118.91)	218.94	932.88	2,772.95
2	Segment Assets
	Within India	797.89	170.59	797.89	170.59	864.35	340.24	864.35	340.24
	Exports Outside India	13,395.55	14,696.24	13,395.55	14,696.24	27,089.27	24,890.20	27,089.27	24,890.20
	Total Assets	14,193.44	14,866.83	14,193.44	14,866.83	27,953.62	25,230.44	27,953.62	25,230.44
3	Segment Liabilities
	Within India	460.95	49.26	460.95	49.26	460.95	49.26	460.95	49.26
	Exports Outside India	2,092.30	2,252.72	2,092.30	2,252.72	13,383.43	12,248.60	13,383.43	12,248.60
	Total Liabilities	2,553.25	2,301.98	2,553.25	2,301.98	13,844.38	12,297.86	13,844.38	12,297.86
1	The Company has identified Two Reportable Segments viz. Jewellery Manufacturing and Investment Activity. Segment have been identified and reported taking into account nature of products and services, the different risks and returns and the internal business reporting systems.
2	The Company has identified Geographic Segments as its Secondary Segment. Geographic segments of the Company are mainly Local Market in India and Exports out of India.
3	The capital employed in the respective segments is worked out after considering the operating assets and liabilities that are directly attributable to the segments as well as allocated to the
	segments on a reasonable basis.
								For Goldiam International Limited
	Place : Mumbai						Rashesh Bhansali
	Dated : 30th June,2008						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	3818.75	5452.14	8393.95	14040.70		4575.19	8588.55	2053.87	4265.95	2521.33	4322.60	1,017.48	2,513.90	9411.43	16554.60	28064.75	30398.58	6049.21	12220.80	22630.87	7521.84	14245.20	23534.83
2	Other Income	565.97	265.39	666.57	639.45		100.59	374.07	38.25	210.93	62.35	163.14	(225.26)	(71.17)	441.31	568.28	338.42	402.49	37.53	118.35	659.80	188.01	354.60	600.07
3	Total Income	4,384.72	5,717.52	9,060.51	14,680.15	-	4,675.79	8,962.62	2,092.11	4,476.88	2,583.67	4,485.74	792.22	2,442.72	9,852.73	17,122.88	28,403.18	30,801.07	6,086.74	12,339.15	23,290.67	7,709.85	14,599.80	24,134.90
4	Expenditure
a)	(Increase)/decrease in stock in trade	(102.00)	64.66	(218.08)	36.46		(116.09)	(28.20)	(67.14)	14.54	(48.95)	(42.75)	(81.54)	(94.51)	(299.62)	(58.06)	(395.23)	(6.32)	(119.83)	(125.87)	(194.00)	6.03	(9.40)	(18.62)
b)	Consumption of Raw Materials	3316.87	4178.21	6,794.89	10643.29		3478.01	6465.08	1720.65	3428.30	1757.36	3036.78	499.29	2094.65	7294.18	12737.94	22823.43	23814.53	5,100.14	9742.03	18568.47	6,010.62	10829.96	18237.39
c)	Purchase of Traded Goods	223.02	23.56	458.23	69.70		235.22	46.14	48.25	40.28	186.97	5.86	186.34	34.60	644.58	104.31	549.69	60.89	32.50	198.45	378.32	28.91	31.10	44.73
d)	Employees Cost	150.55	136.58	509.25	579.92		358.69	443.34	163.96	174.24	194.74	269.10	155.00	208.22	664.24	788.15	1523.36	1685.49	363.29	752.29	1119.80	394.15	866.04	1228.81
e)	Depreciation	51.10	52.16	149.78	123.84		98.68	71.67	48.40	30.74	50.28	40.93	32.67	61.02	182.45	184.86	342.71	325.48	91.24	185.21	281.41	67.51	150.08	229.87
f)	Other expenditure	214.66	236.81	817.03	801.25		602.37	564.45	265.09	272.53	337.29	291.92	461.69	458.40	1278.72	1259.65	2368.65	1971.08	506.12	1065.34	1539.63	443.72	902.97	1366.68
g)	Total	3854.21	4691.98	8511.10	12254.46	0.00	4656.90	7562.47	2179.21	3960.63	2477.69	3601.84	1253.45	2762.38	9764.56	15016.84	27212.61	27851.14	5973.46	11817.45	21693.64	6950.96	12770.76	21088.88
5	Interest	11.47	14.70	27.47	41.12		16.00	26.42	10.72	13.64	5.29	12.77	8.96	27.48	36.43	68.61	277.72	333.49	73.00	141.36	235.44	85.11	165.02	239.25
6	Exceptional Items									0											-	0	0	0
7	Profit(+)/Loss(-) from Ordinary Activities before	519.05	1010.85	521.94	2384.57	0.00	2.89	1373.73	(97.81)	502.60	100.70	871.12	(470.19)	(347.14)	51.75	2037.43	912.84	2616.44	40.28	380.35	1361.59	673.78	1664.01	2806.78
	tax
8	Tax Expenses	166.74	297.50	181.47	709.85		14.73	412.35	2.62	143.86	12.11	268.49	(119.35)	(99.34)	62.13	610.50	95.20	606.76	2.52	17.80	192.11	140.81	416.67	715.21
9	Net Profit(+)/Loss(-) from Ordinary Activities	352.31	713.34	340.47	1674.72	0.00	(11.84)	961.38	(100.43)	358.74	88.59	602.63	(350.85)	(247.79)	(10.38)	1426.94	817.64	2009.68	37.76	362.55	1169.48	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																96.18	265.80	16.38	51.30	164.20	105.92	161.81	247.62
12	Net Profit(+)/Loss(-) for the period.	352.31	713.34	340.47	1,674.72	-	(11.84)	961.38	(100.43)	358.74	88.59	602.63	(350.85)	(247.79)	(10.38)	1,426.94	721.46	1,743.88	21.38	311.25	1,005.28	427.05	1,085.53	1,843.94
13	Paid up Equity Share Capital	2703.28	2698.28	2703.28	2698.28		2703.28	2698.28	2703.28	2698.28	2703.28	2698.28	2,703.28	2703.28	2703.28	2703.28	2703.28	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						14749.33	14342.60	16365.45	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)	1.30	2.64	1.26	6.21		-0.04	3.56	(0.37)	1.33	0.33	2.23	(1.30)	(0.92)	(0.04)	5.28	2.67	6.45	0.08	1.15	3.72	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)	1.30	2.64	1.26	6.21		-0.04	3.56	(0.37)	1.33	0.33	2.23	(1.30)	(0.92)	(0.04)	5.29	2.67	6.46	0.08	1.15	3.72	1.58	4.02	6.83
16	Public Shareholdiang
	a) No. of Shares	13287263	12402263	13287263	12402263		13287263	12485799	13302263	12514241	13287263	12485799	13287263	13302263	13287263	13302263	13287263	13302263
	b) Percentage of shareholding	49.15	45.96	49.15	45.96		49.15	46.27	49.21	46.38	49.15	46.27	49.15	49.21	49.15	49.21	49.15	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