Financial Results For (2003 - 2004)

Un-Audited Financial Results for the Quarter Ended 30th JUNE, 2003
(Rs. in Lakhs)
Particulars
Quarter Ended
Quarter Ended
Year Ended
   
30.06.2003 Un-Audited
30.06.2002 Un-Audited
31.03.2003 Audited
 
Net Sales
36.34
 
63.00
 
662.05
 
 
Other Income
1.98
 
1.03
 
13.85
 
  Increase/(Decrease in Stock)
5.28
 
39.67
 
(14.63)
 
 
Total Revenue
43.60
 
103.70
 
661.27
 
 
(a) Material Consumption
24.31
 
36.58
 
191.20
 
 
(b) Staff Cost
23.16
 
39.67
 
99.17
 
 

(c) Manufacturing & other      Expenses

8.71
 
11.08
 
109.16
 
  (d) Administrative & other      Expenses
11.36
 
14.23
 
97.73
 
  Total Expenditure
67.54
 
101.56
 
497.26
 
  Profit Before Interest, Depn & Taxes
(23.94)
 
2.14
 
164.01
 
 
Financial Expenses
12.06
 
14.45
 
55.87
 
 
Misc. Expenses Written of
-
 
-
 
22.52
 
  Depreciation
-
 
-
 
67.58
 
  Profit/(Loss) Before Tax
(36.00)
 
(12.31)
 
18.04
 
  Provision for Deferred Tax Liability
-
 
-
 
1.36
 
  Profit/(Loss) After Tax
(36.00)
 
(12.31)
 
16.68
 
  Paid-up Equity Share Capital
515.28
 
515.28
 
515.28
 
  Reserves (Share Premium)
711.54
 
711.54
 
711.54
 
  Accumulated Losses
(210.93)
 
(203.92)
 
(174.93)
 
  EPS (Rs) not Annualised
(0.70)
 
(0.24)
 
0.32
 
  Aggregate of Non-Promoter Shareholding
      Number of Shares


33,91,899
 


33,99,899
 


33,91,899
 
 

      Percentage of Shareholding

65.81%
 
65.97%
 
65.81%
 
 
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