Financial Results For (2002 - 2003)

Un-Audited Financial Results for the Quarter and Half Year Ended 30^th 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