Financial Results For (2002 - 2003)

Un-Audited Financial Results for the Quarter and Half Year Ended 30th SEPTEMBER, 2002
(Rs. in Lakhs)
Particulars
Quarter Ended
Half Year Ended
Year Ended
 

 

 

30.09.2002
Un-Audited

30.09.2001
Un-Audited

30.09.2002
Un-Audited
30.09.2001
Un-Audited
31.03.2001
Audited
 
Net Sales
130.70
134.24
187.18
306.65
688.73
 
Other Income
1.40
2.98
2.43
7.01
17.19
  Total Income
132.10
137.22
189.61
313.66
705.92
  (a) (Increase)/Decrease in      Stock

9.27

8.30

(30.41)

30.50

116.51
 
(b) Material Consumption
17.18
80.00
53.76
135.97
323.52
 
(c) Staff Cost
28.27
29.49
67.94
63.88
162.05
 
(d) Manufacturing & other      Expenses

5.30

8.56

9.85

26.45

52.28
  (e) Administrative & other      Expenses

17.82

34.80

32.05

55.32

118.25
  Total Expenditure
77.84
161.15
133.19
312.12
772.61
 
Financial Expenses
13.89
30.25
28.34
43.71
76.94
 
Misc. Expenses Written of

-

-

-

-

28.19
  Depreciation
-
-
-
-
54.53
  Profit/(Loss) Before Tax
40.37
(54.18)
28.07
(42.17)
(226.35)
  Provision for Deferred Tax Liability

-

-

-

-

53.03
  Profit/(Loss) After Tax
40.37
(54.18)
28.07
(42.17)
(279.38)
  Paid-up Equity Share Capital

515.28

565.23

515.28

565.23

515.28
  Reserves
-
-
-
-
711.54
  EPS (Rs) not Annualised
-
-
-
-
-
  Aggregate of Non-Promoter Shareholding
      Number of Shares


33,99,899


38,72,099


33,99,899


38,72,099


33,99,899
 


Percentage of Shareholding


65.96%

68.49%

65.96%

68.49%

65.96%
 
Notes:
The above results were reviewed by the Audit Committee in their meeting held on 30th, October, 2002 and were taken on recorded by the Board of Directors at their meeting held of 30th, October, 2002.
Effect of Deffered tax liability for the six months ended 30th September, 2002 cannot be reasonably ascertained at this stage and will be accounted for at the year end based on the ultimate tax liability for the Assessment Year 2003-2004 on the basis of total income for the period 1st April, 2002 to 31st March, 2003.
Previous period figures have been regrouped/recast to confirm to the current period presentation.
The Civil works of Building have been completed and the Registered office of the Company has been shifted to its own premises.

Segment-wise Revenue, Results and Capital Employed under clause 41 of the listing agreement
(Rs. in Lakhs)
  Sl.No.
Particulars

Quarter
Ended
30.09.2002

Half Year
Ended
30.09.2002

Year
Ended
31.03.2002
  1.
Segment Revenue :
   
         * Telecom Products
124.20
174.84
685.81
         * Software
6.50
12.34
2.92
   
Total
130.70
187.18
688.73
    Less : Inter-segment revenue
-
-
-
   
Net Sales/Income from Operations
130.70
187.18
688.73
 
2.
Segment Results :
     (Profit(+)/Loss(-) before tax and      interest
 
              * Telecom Products
53.30
54.47
(86.88)
              * Software
0.96
1.94
(59.37)
   
Total
54.26
56.41
(146.25)
    Less : i) Interest
13.89
28.24
76.93
             ii) Other un-allocable expenditure              net off un-allocable Income
-
-
(3.17)
    Total Profit/(Loss) Before Tax
40.37
28.07
  (226.35)
  3. Capital Employed
    (Segment Assets - Segment Liabilities)
              * Telecom Products
839.86
839.86
843.46
              * Software
147.33
147.33
145.26
   
Total
987.19
987.19
988.72
 
For Avantel Softech Limited
By order of the Board

Place: Hyderabad
Date : 30-10-2002

A.Venkateswara Rao
Chairman