Financial Results For (2004 - 2005)

Un-Audited Financial Results (Provisional) for the Quarter Ended 30th JUNE, 2004
(Rs. in Lakhs)
Particulars
Quarter Ended
Year Ended
 

 

 

30.06.2004
Un-Audited
30.06.2003
Un-Audited
31.03.2004
Audited
 
Net Sales
301.90
36.24
857.43
 
Other Income
2.31
1.98
8.25
  Increase/(Decrease) in Stock
(34.83)
5.28
(25.17)
  Total Income
269.38
43.60
840.51
 
Material Consumption
107.25
24.31
304.11
 
Manufacturing & other Expenses
73.64
8.71
121.96
 
Staff Cost
35.66
23.16
103.84
  Administrative & other Expenses
28.69
11.36
91.65
  Total Expenses
245.24
67.54
621.56
  Profit Before Interest, Depn & Taxes
24.14
(23.94)
218.95
 
Financial Expenses
12.42
12.06
62.37
 
Misc. Expenses Written of
-
-
22.52
  Depreciation
-
-
51.38
  Profit/(Loss) Before Tax and          Extra-ordinary items
11.72
(36.00)
82.68
 
Less: Extra-ordinary items
-
-
(142.66)
  (Less)/Add: Deferred Tax Liability
-
-
50.32
  Add: Excess Provision for Tax
-
-
15.07
  Profit/(Loss) After Tax
11.72
(36.00)
5.41
  Paid-up Equity Share Capital
515.28
515.28
515.28
  Reserves (Excluding Revaluation Reserve)
374.19
711.54
374.19
  Accumulated Losses
-
(210.93)
-
  EPS (Rs) Not Annualised
-
                 (0.7)
-
  Aggregate of Non-Promoter Shareholding
      Number of Shares


34,31,399


33,91,899


34,32,249
 

      Percentage of Shareholding

66.58%
65.81%
66.59%
 
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.

For Avantel Softech Limited
By order of the Board

Place: Hyderabad
Date : 30-07-2004

A.Venkateswara Rao
Chairman