Audited financial results for the year ended on March 31, 2003
		All amounts in Rupees Lacs except earning per share
Particulars	9 months ended (Unaudited)	Quarter ended     (Unaudited)		For the year ended   (Audited)
	31.12.2002	31.03.2003	31.03.2002	31.03.2003	31.03.2002
Sales	1,193.76	395.00	412.91	1,588.76	1,306.20	######
Other income	88.50	26.38	14.26	114.88	153.36	113.58
Total	1,282.26	421.38	427.17	1,703.64	1,459.56	######
Change in process stock & finished goods	55.15	(41.93)	24.78	13.22	(105.22)	-   33.49
Consumption of materials	141.65	59.56	52.36	201.21	182.43	152.92
Power and Fuel	254.12	97.19	80.86	351.31	332.71	268.26
Staff Cost	141.79	59.85	55.60	201.64	191.75	124.89
Excise duty	159.81	51.36	65.62	211.17	195.17	131.30
Other expenditure	278.59	116.78	69.85	395.37	327.20	286.92
Total expenditure	1,031.11	342.81	349.07	1,373.92	1,124.04	930.80
Profit before interest, depreciation & tax	251.15	78.57	78.10	329.72	335.52	346.59
Interest	54.30	16.00	23.07	70.30	99.54	82.99
Depreciation	182.88	45.01	79.31	227.89	261.56	178.29
Profit / (Loss) before tax before prior period items	13.97	17.56	(24.28)	31.53	(25.58)	85.31
Prior period items	0.00	10.16	(1.31)	10.16	11.97
Profit / (Losss) before tax	13.97	7.40	(22.97)	21.37	(37.55)
Provision for taxation-Current	1.10	0.60	0.00	1.70	0.00
Provision for taxation-Deferred	5.02	14.83	(23.76)	19.85	(23.76)	8.50
Profit / (Losss) after tax	7.85	(8.03)	0.79	(0.18)	(13.79)	76.81
Paid-up equity share capital	486.09	486.09	486.09	486.09	486.09
(Face value Rs. 10)
Reserves and Surplus excl. revalluation	-	-	-	1,236.15	1,236.34
Basic and diluted EPS (Rs)				(0.05)	(0.28)
Aggregate of non-promoter shareholding
-Number of shares	-	-	-	1,795,856	1,795,856
-Percentage of shareholding	-	-	-	36.95%	36.95%
Note:-
* The above financial results were taken on record by the Board of Directors at its meeting held on May 5, 2003
* In view of losses, no dividend is recommended by the Board of Directors.
* 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 insingnifacnt.
For G. P. Electronics Limited
S. M. Kulkarni
Director
Mumbai, May 5, 2003