S. B. & T. International Limited
	Regd. Office : 138, Shreeji Chambers, 1st Floor, Tata Road No. 2, Opera House, Mumbai - 400 004 (India)
	UNAUDITED FINANCIAL RESULTS (PROVISIONAL) FOR THE SECOND QUARTER ENDED 30TH SEPTEMBER, 2008 (UNCONSOLIDATED)
							(Rs. in lacs)
		Particulars	Three	Corresponding	Year to date	Year to date	Year
	Sr.		months	Quarter	figures for current	figures forPrevious	ended
	No.		ended	ended	Period ended	Period ended	31.03.2008
			30.09.2008	30.09.2007	30.09.2008	30.09.2007
			(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Audited)
	1	Net Sales / Income from Operation	2,635.78	1,491.04	4,807.23	3,011.05	9,449.46
	2	Other Income	12.88	35.95	21.10	54.78	113.34
	3	Total Income (1+2)	2,648.66	1,526.99	4,828.33	3,065.83	9,562.80
	4	Expenditure
		(a) (Increase) / Decrease in Stock-in-trade & WIP	-	-	-	-	-
		(b) Consumption of raw materials	2,522.09	1,260.21	4,319.49	2,365.02	8,375.88
		(c) Purchase of traded goods	-	-	-	-	-
		(d) Employees Cost	54.29	57.90	101.87	102.78	200.51
		(e) Depreciation	8.47	9.13	16.82	17.88	37.24
		(f) Foreign Exchange Loss ( Net off of forex gain/loss)	(286.48)	43.80	(158.87)	218.12	272.22
		(g) Other expenditure	65.84	71.88	124.29	132.75	248.47
		(h) Total	2,364.20	1,442.93	4,403.59	2,836.54	9,134.33
	5	Interest	71.53	44.74	137.41	84.55	199.36
	6	Exceptional  Items	-	-	-	-	-
	6	Profit(+) / Loss (-) from Ordinary Activities before Tax (3) -(4+5)	212.93	39.32	287.33	144.75	229.12
	7	Tax Expenses	87.63	24.75	97.57	55.43	126.01
	8	Net Profit / Loss from Ordinary Activities after tax    (6+7-8)	125.30	14.57	189.76	89.32	103.10
	9	Prior Period Adjustments					45.02
	10	Extraordinary Items (net of tax expenses)	-	-	-	-	-
	10	Net Profit(+)/Loss(-)  for the Period(8+9+10)	125.30	14.57	189.76	89.32	148.13
	11	Paid up Equity Share Capital (Face Value Rs.10/-)	1,685.00	1,635.00	1,685.00	1,635.00	1,635.00
	12	Reserves excluding revaluation reserves as per balance sheet of previous accounting year	-	-	-	-	8,937.90
	13	Basic & Diluted Earning per Share before Extraordinary items (not annualised)
		-  Basic	0.74	0.09	1.13	0.55	0.91
		-  Diluted	0.74	0.09	1.13	0.55	0.91
	14	Basic & Diluted Earning per Share after Extraordinary & Exceptional items (not annualised)
		-  Basic	0.74	0.09	1.13	0.55	0.91
		-  Diluted	0.74	0.09	1.13	0.55	0.91
	15	Public Shareholding
		-  Number of shares	119.49	119.20	119.49	119.20	118.20
		-  Percentage of Shareholding	70.91	72.91	70.91	72.91	72.30
	a	The above financial results were reviewed by the Audit Committee and taken on record by the Board of Directors at its meeting held on October 31, 2008 and are subject to review by the Statutory Auditors.
	b	The company's business consists of trading & manufacturing  of Gems & Jewellery. Company considers the same as one business only. The Fixed Assets & Expenditure used for the business, or liability committed for, are not identifiable to one particular segments. Hence, the relevant data on segment capital employed & expenses have not been quantified.
	c	In terms of resolution approved in the meeting of the Board of Directors of the company held on 17th December 2007 and in the Extraordinary General Meeting of its members held on 9th January, 2008, the company has acquired on 8th April,2008 ( date of transfer of shares of Mimansa Jewelery Private Limited ) 100% Equity shares of Mimansa Jewellery (P) Ltd.  by issue of 500000 Equity shares @ Rs. 40/- per share on 15th April, 2008.
	d	In terms of the above resolution, the company has also issued on 4th April, 2008 on preferential basis, 18 lacs share warrants @ Rs. 40/- for subsequent conversion into same number of Equity shares.
	e	There was no investor complain that was unresolved as on 1st July 2008. During the quarter ended 30th September, 2008, the company did not receive any complaints from investors.
	f	Tax expenses includes Income Tax, Fringe Benefit Tax and Deferred Tax
	g	Figures of  the previous periods have been rearranged/regrouped wherever necessary.
	UNAUDITED SEGMENT REPORT FOR THE QUARTER ENDED 30TH SEPTEMBER, 2008
	PURSUANT TO CLAUSE 41 OF THE LISTING AGREEMENT
							(Rs. in lacs)
		Particulars	Three	Corresponding	Year to date	Year to date	Year
			months	Quarter	figures for current	figures forPrevious	ended
			ended	ended	Period ended	Period ended	31.03.2008
			30.09.2008	30.09.2007	30.09.2008	30.09.2007
			(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)
	1	Net Sales / Income from Operation	2,635.784	1,491.041	4,807.234	3,011.050	9,449.459
		Sales to USA	138.626	434.754	140.826	589.534	636.353
		Sales to UAE	377.943	332.494	728.723	659.753	1,582.677
		Sales to UK	-	-	-	-	3.116
		Sales in India	2,081.779	723.792	3,900.249	1,761.763	7,162.980
		Sales to other countries	37.436	-	37.436	-	64.333
	2	Segment Results	113.692	230.828	487.742	646.033	1,019.620
		USA	5.980	67.304	14.288	126.487	63.789
		UAE	16.302	51.473	73.936	141.553	158.660
		UK	-	-	-	-	0.312
		India	89.796	112.050	395.720	377.994	718.030
		Mauritius			-		72.390
		Other countries	1.615	-	3.798	-	6.449
	3	The Capital Employed are not identifiable to one particular segment and hence have not been quantified.
					For and on behalf of the Board
		Place: Mumbai			Varij Sethi
		Date : 28th November, 2008			(Managing Director)
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