AUDITED FINANCIAL RESULTS  FOR THE QUARTER ENDED  31.03.08                  
                        ( Rs in Lacs )   ( Rs in Lacs )
  9 MONTHS
 ENDED		 QTR ENDED YEAR ENDED       CONSOLIDATED      
  31.12.07   31.03.08   31.03.07 31.03.08   31.03.07   31.03.08   31.03.07   31.03.07
     DESCRIPTION Reviewed   Reviewed   Reviewed Audited   Audited   Audited   Audited   Audited
                             
                             
1.  SALES /  INCOME  FROM  OPERATIONS 46,071.22   15,985.60   15,189.74 62,056.82   60,199.77   125,646.03   119,245.67    
Less: EXCISE DUTY 6,706.78   2,168.71   2,309.68 8,875.49   8,095.00   8,875.49   8,095.00   47,820.74
Less: SALES TAX 1,606.74   555.70   645.57 2,162.44   2,287.00   2,162.44   2,287.00   417.02
NET SALES /  INCOME  FROM  OPERATIONS 37,757.70   13,261.19   12,234.49 51,018.89   49,817.77   114,608.10   108,863.67   2,132.11
                            58,926.59
2.  OTHER  INCOME 1,033.92   1,349.76   337.96 2,383.68   1,024.37   2,505.75   1,015.65   109,296.46
  38,791.62   14,610.95   12,572.45 53,402.57   50,842.14   117,113.85   109,879.32    
3.  TOTAL  EXPENDITURE                                                 -  
     a) Increase ( - ) /Decrease(+) in stock in trade 838.25   440.27   -900.92 1,278.52   -1,555.19   1,278.52   -1,555.19   109,296.46
     b) Consumption of raw material / Purchase of Finished Goods for Resale 14,851.69   5,343.83   5,742.28 20,195.52   21,700.10   20,195.53   21,700.10    
     c) Employee cost 4,768.90   1,551.33   1,657.83 6,320.23   5,968.45   44,519.94   37,742.91    
     d) Other expenditure 8,968.55   4,812.98   3,252.85 13,781.53   12,552.24   36,604.94   36,308.99    
     e) Share in profit of associate Companies                   -39.80   -36.62   10,271.03
     f) Share of Minority Interest                   -7.53                     -     -644.78
  29,427.39   12,148.41   9,752.04 41,575.80   38,665.60   102,551.60   94,160.19   762.33
                            1,493.81
4.  PROFIT BEFORE INTEREST,DEPRECIATION & TAX 9,364.23   2,462.54   2,820.41 11,826.77   12,176.54   14,562.25   15,719.13   11,882.39
                            2,367.70
5.  INTEREST 1,957.53   597.55   593.78 2,555.08   1,860.43   3,283.54   2,367.70    
                            -422.95
6.  DEPRECIATION 2,036.58   814.18   592.74 2,850.76   2,083.98   4,625.82   3,413.79   9,937.64
                             
7.  PROFIT BEFORE  TAX 5,370.12   1,050.81   1,633.89 6,420.93   8,232.13   6,652.89   9,937.64    
                             
8.  PROVISION  FOR  TAXATION                           33,935.42
                     - CURRENT TAX  -1,668.18   340.38   -483.35 -1,327.80 * -2,564.72 *** -1,477.14   -3,356.46   -137.75
                     - DEFERRED TAX CHARGE ( - ) / CREDIT ( + ) -332.33   -497.48   -479.15 -829.81 ** -638.79 **** -998.29   -295.98   623.68
                     - FRINGE BENEFIT TAX  -51.00   -18.71   -23.10 -69.71   -71.65   -298.21   -262.17   13050.72
                            9,891.91
9.  NET PROFIT ( + ) / LOSS ( - )  3,318.61   875.00   648.29 4,193.61   4,956.97   3,879.25   6,023.03   57,363.98
                             
10.  PAID UP  EQUITY  SHARE  CAPITAL 80.00   80.00   80.00 80.00   80.00   80.00   80.00    
     ( Face value of each share Rs. 10 each )                            
                             
11.  RESERVE  EXCL. REVALUATION  RESERVE                     -                          -                          -           22,324.17          18,010.90           26,282.64          22,720.82    
                             
12.  BASIC EPS FOR THE PERIOD(NOT ANNUALISED) 414.83   109.38   81.04 524.20   619.62   484.91   752.88    
                             
13.  Aggregate of public share holding                            
      Number of shares NIL   NIL   NIL NIL   NIL   NIL   NIL    
      % of shareholding                     -                          -                          -                         -                           -      
                             
                             
NATIONAL ENGINEERING INDUSTRIES LTD.             
REGD. OFFICE:  9/1 R. N. MUKHERJEE  ROAD. KOLKATA - 700001          
AUDITED FINANCIAL RESULTS  FOR THE QUARTER ENDED  31.03.08        
               
    9 MONTHS
 ENDED		 QTR ENDED YEAR ENDED CONSOLIDATED
  SEGMENTWISE REVENUE,RESULTS  31.12.07 31.03.08 31.03.07 31.03.08 31.03.07 31.03.08
  AND CAPITAL EMPLOYED Reviewed Reviewed Reviewed Audited Audited Audited
               
               
1. Segment Revenue            
  a) Bearing Division 36,019.45 12,318.86 11,658.95 48,338.31 47,820.74 48,338.31
  b) Technical Services 228.88 1,092.89 48.23 1,321.77 208.37 1,520.59
  c) Others 1,800.06 935.95 522.69 2,736.01 1,939.05 2,839.35
  d) Software services           63,441.66
  Total Net Sales/Income from  38,048.39 14,347.70 12,229.87 52,396.09 49,968.16 116,139.91
               
  Less : Inter segment revenue                      -                        -                       -                       -                         -                       -  
  Net sale/income from operations 38,048.39 14,347.70 12,229.87 52,396.09 49,968.16 116,139.91
               
2. Segment Results            
  ( from each segment)             
  a) Bearing Division 6,965.25 1,815.69 1,960.68 8,780.94 10,271.03 8,780.94
  b) Technical Services 0.82 -556.25 -52.11 -555.43 -739.67 -459.43
  c) Others 695.59 477.88 144.68 1,173.47 564.83 1,271.06
  d) Software services           712.72
  Segmentwise profit before interest & tax 7,661.66 1,737.32 2,053.25 9,398.98 10,096.19 10,305.29
  Less : i. Interest 1,957.53 597.55 593.78 2,555.08 1,860.43 3,283.54
              ii. Other un-allocable expenditure            
               net off un-allocable income. 334.01 88.96 -174.42 422.97 3.63 368.86
  Total Profit before Tax 5,370.12 1,050.81 1,633.89 6,420.93 8,232.13 6,652.89
               
3. Capital Employed            
  (Segment Assets-Segment Liabilities)            
  a) Bearing Division 39,541.28 41,175.06 33,935.42 41,175.06 33,935.42 41,175.06
  b) Technical Services -272.18 518.02 -327.20 518.02 -327.20 687.03
  c) Others 894.48 1,218.94 486.80 1,218.94 486.80 1,761.17
  d) Software services           15546.93
  e) Un-Allocated 10,751.13 10,950.04 9,891.91 10,950.04 9,891.91 10,950.04
  Total 50,914.71 53,862.06 43,986.93 53,862.06 43,986.93 70,120.23
               
* Including  Rs 48.80 lacs pertaining to previous year                            
** Including charge of Rs 141.53 lacs pertaining to earlier years                            
*** Including Rs 137.72 lacs relating to earlier years                            
**** Including Rs 85.10 lacs (Net) relating to earlier years                            

Notes:
1. The Company has invested Rs.693.00 lacs in the share capital and given a loan of Rs.1631.30 lacs to an unlisted company whose accumulated
losses exceed its paid up capital. However having regard to the long term and strategic involvement of the Company with this company, no provision is
considered necessary on this account.
2. Pursuant to the Scheme of Amalgamation between the Company and Birla Finance Limited, wholly owned subsidiary of the Company, as sanctioned by the
Hon'ble High Court of Kolkata vide order dated Feb., 13 2008, the assets and liabilities including reserves of Birla Finance Limited were transferred to and
vested in the Company with effect from April 1, 2007 .The company has made the necessary filings with the Registrar of the Companies, Kolkata. The
Scheme of Amalgamation has accordingly been given effect to in these accounts.
3. The Company did not have any unresolved investor complaints as at the beginning/end of the quarter. During the quarter, the Company has not received
any complaints.
4. The promoters' group shareholding in the Company has become 100% with effect from 26th May, 2006 under the provisions of Securities and Exchange
Board of India (Substantial Acquisition of Shares and Takeovers) (Amendment) Regulations 2006. Consequently the Company had filed application in the
previous year for delisting with both The Delhi Stock Exchange Association Limited and Madhya Pradesh Stock Exchange, where the shares of the
Company are listed. Madhya Pradesh Stock Exchange has approved delisting of such shares during the quarter ended June 30,2007.
5. Figures have been regrouped / rearranged wherever necessary.
6. The audited financial results have been reviewed by audit committee and taken on record by the Board of Directors of the Company at the meeting held on
7th May 2008.

Place: New Delhi
Date: 7.05.2008                                                                  By order of the Board