NUCLEUS SECURITIES LIMITED
Regd. Office :  Nucleus House, Saki-Vihar Rd., Andheri (E), Mumbai - 400 072
Unaudited Financial Results (Provisional)
As on 3lst December, 2005.
						(Rs.in lacs)
Sr.		Quarter Ended		Nine months' ended		Year Ended
No.	Particulars	31.12.2005	31.12.2004	31.12.2005	31.12.2004	31.03.2005
		(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Audited)
1	Net Sales /Income from Operations:-
	-- Money Changing Division	-	-	-	1.66	1.33
	-- Money Transfer	-	-	-	3.82	3.82
	-- Arbitrage Income	-	-	-	111.36	117.29
	-- Portfolio Management Services	2.84	-	2.84	-	0.10
		2.84	-	2.84	116.84	122.54
2	Other Income	43.81	6.88	43.81	37.85	167.37
3	Total Expenditure	41.81	20.24	41.81	97.39	106.56
	a)   Increase/decrease in stock in trade	-	-	-	-	-
	b)   Consumption of raw materials	-	-	-	-	-
	c)   Staff Cost	11.91	5.61	11.91	20.21	24.02
	d)   Other Expenditure	29.90	14.63	29.90	35.78	41.14
	e)   Bad Debts	-	-	-	2.66	2.66
	f)   Arbitrage  Expenses	-	-	-	38.74	38.74
4	Interest (Net)	0.15	0.17	0.15	4.22	4.33
5	Depreciation	11.50	4.92	11.50	12.36	29.59
6	Profit(+)/Loss(-)Before Tax (1+2-3-4-5)	(6.81)	(18.45)	(6.81)	40.72	149.43
7	Extra-ordinary Income	-	-	-	118.14	-
8	Provision for Taxation
	- Current	-	-	-	11.00	8.50
	- Deferred	-	1.20	-	25.62	(9.94)
	- Fringe Benefit Tax	0.08	-	0.23	-	-
9	Net Profit (+) / Loss (-)	(6.89)	(19.65)	(7.04)	122.24	150.87
10	Paid-up Equity Share Capital (F.V. Rs.10/-)	344.08	344.08	344.08	344.08	344.08
11	Reserves excluding Revaluation reserves	-	-	-	-	423.58
12	Debit balance in Profit & Loss account	-	-	-	-	5.76
13	Basic and diluted EPS (Rs.10/- each)	Rs.     -0.27	Rs.     -0.05	Rs     - 0.20	Rs.    3.55	Rs.  4.38
14	Aggregate of non-promoter Shareholding :
	- No. of Shares	855,162	850,312	855,162	850,312	850,312
	- Percentage of Shareholding	24.85	24.71	24.85	24.71	24.71
Notes:
1	The above results were approved and taken on record by the Board of Directors at their meeting held on
	31.01.2006  and is subject to review by the Statutory Auditors.
2	Other Income for the quarter ended Dec'05 includes Rent Income of Rs 8.82 lacs.
3	Other Expenditure for the quarter ended Dec'05 includes Professional fees of Rs 5.16 lacs; property taxes
	Rs 1.31 lacs; Security Expenses Rs.1.55 lacs.
4	Investor complaints
	Beginning of the quarter	Received	Disposed	Lying unresolved
		during the	off during	at the end of
		quarter	the quarter	the Quarter
	Nil	1	1	Nil
5	The company during the quarter had only one reportable business segment, - 'Portfolio Management Services and
	one reportable geographical segment -within India.
6	Auditor's observation in their report for the year ended March 31, 2005:
	The Auditors had qualifed their report in respect of recognition of Deferred Tax Assets amounting to Rs.39.79 lakhs
	which in their opinion, in the absence of virtual certainity,  is  not  in  accordance  with Accountig Standard (AS) 22,
	issued by the Institute of Chartered Accountants of India, and the consequential effect on the profit for  the year and
	the balance of profit carried forward.
	The Company had netted out the deferred tax asset with the liabiltiy as the major component  giving rise to deferred
	tax asset / liability is depreciation, which in the opinion of the Company,  cannot  crystalise  without  the realisation
	of the deferred tax  asset.
	The company, on a going concern basis, is hopeful of realisation of the deferred tax asset in the forseeable future.
7	The Members' of  the Company approved the Scheme  of Amalgamation  between Nucleus  Netsoft And GIS (India)
	Limited  with  the  Company  at  the Court convened meeting held on 11.10.2005. The Scheme of Amalgamation, if
	approved by the Bombay High Court will be effective from  the  appointed date i.e. 1.4.2005.  Pending receipt of the
	approval and compliance of the legal formalities no effect of amalgamation has been given in the aforesaid results.
				For Nucleus Securities Limited
Place : Mumbai				Deena A. Mehta
Date   : 31.01.2006				Director