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Financial Results
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Un-Audited Financial Results
(Provisional) for the Quarter Ended
30th
JUNE, 2004
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(Rs. in Lakhs) |
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Particulars |
Quarter Ended |
Year Ended |
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30.06.2004
Un-Audited |
30.06.2003
Un-Audited |
31.03.2004
Audited |
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Net Sales |
301.90 |
36.24 |
857.43 |
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Other Income |
2.31 |
1.98 |
8.25 |
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Increase/(Decrease) in Stock |
(34.83) |
5.28 |
(25.17) |
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Total Income |
269.38 |
43.60 |
840.51 |
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Material Consumption |
107.25 |
24.31 |
304.11 |
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Manufacturing & other Expenses |
73.64 |
8.71 |
121.96 |
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Staff Cost |
35.66 |
23.16 |
103.84 |
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Administrative & other Expenses |
28.69 |
11.36 |
91.65 |
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Total Expenses |
245.24 |
67.54 |
621.56 |
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Profit Before Interest, Depn & Taxes |
24.14 |
(23.94) |
218.95 |
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Financial Expenses |
12.42 |
12.06 |
62.37 |
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Misc. Expenses Written of |
-
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- |
22.52 |
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Depreciation |
-
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- |
51.38 |
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Profit/(Loss) Before Tax and Extra-ordinary items |
11.72 |
(36.00) |
82.68 |
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Less: Extra-ordinary items |
- |
- |
(142.66) |
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(Less)/Add: Deferred Tax Liability |
-
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- |
50.32 |
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Add: Excess Provision for Tax |
-
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-
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15.07 |
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Profit/(Loss) After Tax |
11.72 |
(36.00) |
5.41 |
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Paid-up Equity Share Capital |
515.28 |
515.28 |
515.28 |
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Reserves (Excluding Revaluation Reserve) |
374.19
|
711.54 |
374.19 |
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Accumulated Losses |
- |
(210.93) |
- |
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EPS (Rs) Not Annualised |
-
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(0.7) |
- |
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Aggregate of Non-Promoter Shareholding
Number of Shares
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34,31,399
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33,91,899
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34,32,249
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Percentage of Shareholding
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66.58% |
65.81% |
66.59% |
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Notes:
- Net Sales is inclusive of Excise
Duty of Rs.30,99,268/-.
- Depreciation, Deferred Revenue Expenditure and provision for taxation will be provided at the year-end.
- Debtors Amounting to Rs 76,000 has been written off as Bad Debts.
- Though, during this quarter there was a Revenue of Rs.4.46 Lakhs from software Development, the same was not categorised as a separate segment since the revenue and assets relating to such segment was below the norms specified in AS - 17 and Clause 41 of the listing agreement.
- During the Quarter 1 Complaint was
received from investors and same was resolved to the
satisfaction of investors.
- Previous period figures have been regrouped/recast to confirm to the current period presentation.
- The above results were considered and
taken on record at the Board Meeting held on 30th July, 2004.
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| Place: Hyderabad
Date: 30-07-2004
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for Avantel Softech
Limited
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Sd/- |
A.Venkateswara Rao |
Chairman |
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