Unaudited financial results (Provisional) for the six months ended on September 30, 2003.
	All amounts in Rupees Lacs except earning per share
Particulars	Second quarter ended on		Half year ended		For the year ended     (Audited)
	30.09.2003	30.09.2002	30.09.2003	30.09.2002	31.03.2003
Net Sales	371.04	362.27	655.29	701.39	1,365.08
Other income	18.93	34.93	47.12	56.73	114.88
Total	389.97	397.20	702.41	758.12	1,479.96
Total expenditure
Change in process stock & finished goods	27.32	27.13	6.03	70.08	13.22
Consumption of materials	47.05	49.87	98.77	94.03	201.21
Power and Fuel	81.50	82.57	171.55	156.02	351.31
Staff Cost	45.12	43.89	92.49	93.51	201.64
Excise duty	(3.40)	(19.99)	(0.33)	(26.74)	(12.51)
Other expenditure	99.54	96.73	199.53	180.17	395.37
Total expenditure	297.13	280.20	568.04	567.07	1,150.24
Profit before interest, depreciation & tax	92.84	117.00	134.37	191.05	329.72
Interest	11.18	19.35	22.92	39.33	70.30
Depreciation	52.39	66.53	110.14	132.53	227.89
Profit / (Loss) before tax before	29.27	31.12	1.31	19.19	31.53
Prior Period Items
Prior year Items					10.16
Profit / (Loss) before tax	29.27	31.12	1.31	19.19	21.37
Provision for taxation
Current	9.29	0.00	9.29	0.00	1.70
Deferred	(5.30)	11.09	(22.61)	9.56	19.85
Profit / (Loss) after tax	25.28	20.03	14.63	9.63	(0.18)
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
Basic and diluted EPS (Annualized)	2.08	1.65	0.60	0.40	(0.003)
Aggregate of non-promoter shareholding
Number of shares	1,795,856	1,795,856	1,795,856	1,795,856	1,795,856
Percentage of shareholding	36.95%	36.95%	36.95%	36.95%	36.95%
Note:-
* The results for the quarter and half year ended   September 30, 2003 are subject to Limited Review
by the Auditors of the Company . The results were reviewed by the Audit Committee and taken on record by
by the Board of Directors at its meeting held on October 31, 2003
* 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 30.09.2003.
- Complaints pending as on 01.07.2003				Nil
- Complaints received during the quarter ending on 30.09.2003				Nil
- Complaints pending as on 30.09.2003				Nil
For G. P. Electronics Limited
Ajay G. Piramal