NUCLEUS SECURITIES LIMTIED
Regd. Office : `Nucleus House', Saki-Vihar Road, Andheri (East), Mumbai 400072
Unaudited Financial Results (Provisional)
For the Quarter Ended  30th September, 2002
				(Rupees in	lacs)
Sr.		Quar	ter Ended	Half	year ended	Year Ended
No.	Particulars	30.09.2002	30.09.2001	30.09.2002	30.09.2001	31.03.2002
		(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Audited)
1	Net Sales /Income from Operations:-
	-- Money Changing Division	55.99	61.29	121.39	139.42	277.04
	-- Money Transfer	16.11	10.37	32.06	17.64	45.07
		72.10	71.66	153.45	157.06	322.11
2	Other Income	14.09	39.72	21.72	50.43	67.65
3	Total Expenditure	81.58	77.10	170.09	173.25	328.51
	a)  Increase/decrease in stock in trade	--	--	--	--	--
	b)  Consumption of raw materials	--	--	--	--	--
	c)  Staff Cost	25.94	26.09	49.14	54.42	106.25
	d) Provision for Bad Debts	16.70	(5.47)	34.90	9.39	15.53
	e)  Other Expenditure	38.94	56.48	86.05	109.44	206.73
4	Interest (Net)	13.80	5.20	20.90	12.51	27.18
5	Depreciation	6.08	6.73	11.93	13.23	22.73
6	Profit(+)/Loss(-)Before Tax (1+2-3-4-5)	(15.27)	22.35	(27.75)	8.50	11.34
7	Provision for Taxation (See Note 2)	--	--	--	--	--
8	Net Profit (+) / Loss (-) (6-7)	(15.27)	22.35	(27.75)	8.50	11.34
9	Paid-up Equity Share Capital (F.V. Rs.10/- each)	344.08	344.08	344.08	344.08	344.08
10	Reserves excluding revaluation Reserves	--	--	--	--	451.04
11	Basic and diluted EPS (Rs.10/- each)	Rs.        (0.44)	Rs.        0.65	Rs.       (0.81)	Rs.      0.25	Rs.      0.33
12	Aggregate of non-promoter Shareholding :
	- No. of Shares	850312	1027562	850312	1027562	1027562
	- Percentage of Shareholding	24.71	29.86	24.71	29.86	29.86
Note :-
1)	The   above  results  were taken on record by the Board at its Meeting held on 29.10.2002.
2)	The Provision for Income Tax if any shall be made at the end of the year
3)	The Impact of deferred tax assets / liability shall be incorporated in the accounts at the end of the accounting
	year alongwith the provision for tax for the year.
4)	The above results shall be submitted to the Auditors of the Compay for Limited Review as required under the
	Stock Exchange Listing Agreements.
5)	Fixed assets used or liabilities contracted have not been identifiable to either of the segments as the same
	are interchangeable.
6)	Previous period figures have been regrouped wherever necessary.
		For Nucleus Securities Limited
					Sd/-
Mumbai,		Asit C. Mehta
29th October, 2002		Chairman & Managing Director
	Segmentwise Revenue, Results and Capital Employed
	Under Clause 41 of the Listing Agreement
	As on 30th September, 2002
		(Rupees in lacs)
	Particulars	Half yr. ended	Year ended
		30.09.2002	31.03.2002
1	Segment Revenue
	a)  Segment  - Money Changing	121.39	277.04
	b)  Segment - Money Transfer	32.06	45.07
	c)  Segment - Others	21.72	67.65
	Total	175.17	389.76
	Less : Inter Segment Revenue	---	---
	Net sales/Income from operations	175.17	389.76
2	Segment Expenses (net sale/income from
	a)  Segment  - Money Changing		307.27
	b)  Segment - Money Transfer		17.03
	c)  Segment - Leave & Licence		15.70
	e)  Segment - Others		0.00
	Total		340.01
	Less : Inter Segment Expenses
	Net sales/Income from operations
2	Segment Results  Profit (+) Loss(-) before
	tax and interest from segment
	a)  Segment  - Money Changing	(11.33)	(16.40)
	b)  Segment - Money Transfer	25.16	28.04
	c)  Segment - Others	16.71	51.94
	Total	30.54	63.58
	Less : i)  Interest	20.90	24.03
	ii) Other unallocable expenditure	37.38	28.21
	net off unallocable Income.
	Net Profit Before Tax	(27.75)	11.34
3	Capital Employed
	(Segment Assets - Segment Liabilities)
	a)  Segment  - Money Changing/Money Transfer	329.82	314.65
	(See note 5)
	Total	329.82	314.65
	For Nucleus Securities Limited
Mumbai,                                                                             Asit C. Mehta
October 29, 2002                                         Chairman & Managing Director