Unaudited financial results (Provisional) for the nine months ended on December 31, 2004.
           
   All amounts in Rupees Lacs except earning per share
Particulars Third quarter ended on Nine Months For the year ended     (Audited)
  31.12.2004 31.12.2003 31.12.2004 31.12.2003 31.03.2004
           
Net Sales 369.10 331.94 1,049.89 987.23 1,287.24
Other income 21.79 24.99 72.48 72.11 85.81
Total  390.89 356.93 1,122.37 1,059.34 1,373.05
           
Total expenditure          
Change in process stock & finished goods (12.56) 4.07 (18.89) 10.10 30.01
Consumption of materials 75.77 51.75 191.44 150.52 206.41
Consumption of Stores & Spares 68.11 64.96 201.71 191.66 251.62
Power and Fuel 109.07 82.39 288.83 253.94 345.97
Staff Cost 57.88 53.65 169.54 146.14 202.54
Other expenditure 41.34 31.38 123.93 103.88 149.65
Total expenditure 339.61 288.20 956.56 856.24 1,186.20
Profit before interest, depreciation & tax 51.28 68.73 165.81 203.10 186.85
           
Interest 1.46 11.95 5.76 34.87 42.22
Depreciation 57.27 56.47 169.77 166.61 219.58
Profit / (Loss) before tax  (7.45) 0.31 (9.72) 1.62 (74.95)
Provision for taxation          
Current 0.00 0.10 0.00 9.39 0.00
Deferred 5.79 0.00 4.02 (22.61) (33.37)
Profit / (Loss) after tax (13.24) 0.21 (13.74) 14.84 (41.58)
Paid-up equity share capital 486.09 486.09 486.09 486.09 486.09
(Face value Rs. 10)          
Reserves and Surplus excl. revalluation         1,194.57
Basic and diluted EPS  (0.27) 0.00 (0.28) 0.31 (0.86)
         
         
Note:-          
 * The result for the quarter and nine month ended December 31,2004  are subject to Limited Review by the Auditors
    of the Company. The result were reviewed by the Audit Committee and taken on record by the Board of
    Directors at its meeting held on January 22,2005.          
* Company is engaged in hard ferrite business, which is the only reportable segment in terms   
   of Accounting Standard - AS17. Geographical segment is not relevant as exports are insignificant.  
* Previous years figures have been regrouped where ever necessary.      
* Status of shareholders complaint received during the quarter ended on 31.12.2004.     
            - Complaints pending as on 30.09.2004                               Nil  
            - Complaints received during the quarter ending on 31.12.2004                             Nil  
            - Complaints pending as on 31.12.2004                               Nil  
         
For G. P. Electronics Limited          
         
         
         
Ajay G. Piramal          
Chairman          
Mumbai, January 22, 2005