Segmentwise Revenue Results and Capital Employed
Under Clause 41 of the Listing Agreement
As on 31st March, 2003
					(Rupees in lakhs)
Sr		9 months ended	Quarter Ended		Year Ended
No	Particulars	31.12.2002	31.03.2003	31.03.2002	31.03.2003	31.03.2002	2002	2001
		(Unaudited)	(Unaudited)	(Unaudited)	(Audited)	(Audited)
1	Segment Revenue (net sale /income from )
	a) Segment - Money Changing	166.46	44.77	73.75	211.23	277.04	166.46	203.29
	b) Segment - Money Transfer	45.96	14.64	14.73	60.60	45.07	45.96	30.34
	c) Segment - Others	28.99	5.54	6.07	34.53	67.65	28.99	61.58
	Total	241.41	64.95	94.55	306.36	389.76	241.41	295.21
	Less : Inter Segment Revenue
	Net sales / Income from operation	241.41	64.95	94.55	306.36	389.76	241.41	295.21
2	Segment Results Profit (+) Loss (-)
	before tax and interest from segment
	a) Segment - Money Changing	(28.25)	(63.36)	12.75	(91.61)	(16.40)	(28.25)	-30.38
	b) Segment - Money Transfer	32.46	5.25	10.23	37.71	28.04	32.46	17.81
	c) Segment - Others	21.91	(6.45)	2.69	15.46	51.94	21.91	49.25
	Total	26.12	(64.56)	25.67	(38.44)	63.58	26.12	36.68
	Less: I ) Interest	29.20	7.80	6.02	37.01	24.03	29.21	18.01
	ii ) Other unallocable expenditure	56.06	(12.00)	13.14	44.06	28.21	56.06	7.57
	net off unallocable income
	Net Profit Before Tax	(59.14)	(60.36)	6.51	(119.51)	11.34	(59.15)	11.10
3	Capital Employed
	(Segment Assets - Segment Liabilities )
	a) Segment - Money Changing / Money	653.24	592.37	314.65	592.37	314.65
	Transfer (See note 4 )
	Total	653.24	592.37	314.65	592.37	314.65
				For Nucleus Securities Limited
Mumbai				Asit C Mehta
July 8, 2003.				Chairman and Managing Director