Unaudited Financial Results ( Provisional) as on 30th Septmeber, 2005
					(Rupees in lacs)
Sr.		Quarter Ended		Half year ended		Year Ended
No.	Particulars	30.09.2005	30.09.2004	30.09.2005	30.09.2004	31.03.2005
		(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Audited)
1	Net Sales / Income from Operations:-
	-- Money Changing Division	-	0.45		1.66	1.33	-
	-- Money Transfer	-			3.82	3.82	-
	-- Arbitrage Income	-	60.86		111.36	117.29	-
	-- Portfolio Management Services	1.09		1.24	-	0.10	0.15
		1.09	61.31	1.24	116.84	122.54	0.15
2	Other Income	10.48	22.15	33.87	30.97	167.37	23.39
3	Total Expenditure	12.14	41.35	22.83	74.49	106.56	10.69
	a) Increase / decrease in stock in trade	-			-	-	-
	b) Consumption of raw materials	-			-	-	-
	c) Staff Cost	2.72	5.44	5.50	14.60	24.02	2.78
	d) Other Expenditure	9.41	10.89	17.32	18.49	41.14	7.91
	e) Bad Debts	-	2.66		2.66	2.66	-
	f)Arbitrage Expenses	-	22.37		38.74	38.74	-
4	Interest (Net)	-	1.59	0.15	4.60	4.33	0.15
5	Depreciation	4.81	2.53	9.67	7.44	29.59	4.86
6	Profit (+)/Loss(-) Before Tax (1+2-3-4)	(5.38)	37.99	2.46	61.28	149.43	7.84
7	Extra-Ordinary Income	-			118.14	-	-
8	Provision for Taxation
	>-- Current	-	3.00		11.00	8.50	-
	>-- Deferred	-			-	(9.94)	0.65
	>-- Fringe Benefit Tax	0.09		0.15	-	-
9	Net Profit (+)/Loss(-)	(5.47)	34.99	2.31	168.42	150.87	7.19
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(0.16)	Rs.1.02	Rs0.06	Rs.         4.89	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 28.10.2005 and is
	subject to review by the Statutory Auditors.
2	Other Income for the quarter ended Sep'05 includes Rent Income of Rs 8.82 lacs.
3	Other Expenditure for the quarter ended Sep'05 includes Professional fees of Rs 3.92 lacs; Property taxes Rs.0.93 lacs.
4	There were no investor complaints at the beginning of the quarter and pending for disposal at the end of the quarter.No
	complaint was received during the quarter.
5	The company during the quarter operated only in one segment, viz - 'Portfolio Management Services'.
6	The Members' of the CompanyapprovedtheSchemeofAmalgamation between Nucleus Netsoft And GIS (India) ltd. wth
	the Company atthe Court convened meeting held on 11.10.2005.The Scheme ofAmalgamation, 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
Mumbai				Asit C. Mehta
28.10.2005				Chairman & Managing Director