Un-Audited Financial Results for the Quarter Ended 30th JUNE, 2003 | |||||||
(Rs. in Lakhs) |
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Particulars |
Quarter Ended |
Quarter Ended |
Year Ended |
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30.06.2003 Un-Audited |
30.06.2002 Un-Audited |
31.03.2003 Audited |
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Net Sales |
36.34 |
63.00 |
662.05 |
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Other Income |
1.98 |
1.03 |
13.85 |
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Increase/(Decrease in Stock) | 5.28 |
39.67 |
(14.63) |
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Total Revenue |
43.60 |
103.70 |
661.27 |
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(a) Material Consumption |
24.31 |
36.58 |
191.20 |
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(b) Staff Cost |
23.16 |
39.67 |
99.17 |
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(c) Manufacturing & other Expenses |
8.71 |
11.08 |
109.16 |
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(d) Administrative & other Expenses | 11.36 |
14.23 |
97.73 |
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Total Expenditure | 67.54 |
101.56 |
497.26 |
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Profit Before Interest, Depn & Taxes | (23.94) |
2.14 |
164.01 |
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Financial Expenses |
12.06 |
14.45 |
55.87 |
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Misc. Expenses Written of |
- |
- |
22.52 |
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Depreciation | - |
- |
67.58 |
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Profit/(Loss) Before Tax | (36.00) |
(12.31) |
18.04 |
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Provision for Deferred Tax Liability | - |
- |
1.36 |
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Profit/(Loss) After Tax | (36.00) |
(12.31) |
16.68 |
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Paid-up Equity Share Capital | 515.28 |
515.28 |
515.28 |
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Reserves (Share Premium) | 711.54 |
711.54 |
711.54 |
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Accumulated Losses | (210.93) |
(203.92) |
(174.93) |
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EPS (Rs) not Annualised | (0.70) |
(0.24) |
0.32 |
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Aggregate of Non-Promoter Shareholding Number of Shares |
33,91,899 |
33,99,899 |
33,91,899 |
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Percentage of Shareholding |
65.81% |
65.97% |
65.81% |
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Notes: Sales inclusive of Excise Duty of Rs.2,25,510/-and correspondingly forms part of the Manufacturing & Other Expenses. Previous period figures have been regrouped/recast to confirm to the current period presentation. Research & Development expenditure amounting to Rs 2,58,19,425 which is to be amortised as per accounting standard 26 - "Intangible Assets" will be provided at the year-end. Depreciation and Deferred Revenue Expenditure will be provided at the year-end. During the Quarter 21 Complaints were received form investors and same were resolved to the satisfaction of investors. The above results were considered and taken on record at the Board Meeting held on 29th July, 2003. For Avantel Softech Limited By order of the Board Place: Hyderabad Date : 29-06-2003 A.Venkateswara Rao Chairman |