Financial Results For (2003 - 2004)

Unaudited Financial Results for the Quarter and Nine Months Period Ended 30^st SEPTEMBER, 2003

				(Rs. in Lakhs)
	Particulars	Three Months Ended 30.09.2003	Corresponding Three Months Ended 30.09.2002	Six Months Ended 30.09.2003	Corresponding Six Months Ended 30.09.2002	Year Ended 31.03.2003 Audited
	Sales	128.30	142.72	164.64	205.72	635.25
	Other Income	2.61	1.40	4.59	2.40	13.85
	Increase/(Decrease) in Stock	0.79	(9.26)	6.07	30.41	(14.62)
	Total Revenue	131.70	134.86	175.30	238.53	634.48
	Material Consumed	53.94	17.18	78.25	53.76	191.19
	Manufacturing Expenses	17.80	17.32	26.51	28.40	35.49
	Payment & Other benefits to Employees	22.94	28.27	46.09	67.94	99.17
	Administrative & Other Expenses	20.10	17.82	31.46	32.05	97.73
	Financial Expenses	16.37	13.89	28.43	28.34	55.88
	Total Expenses	131.15	94.48	210.74	210.49	479.46
	Profit/(Loss) Before Tax	0.55	40.37	(35.44)	28.06	18.03
	Paid-up Equity Share Capital (Face Value of Rs. 10/- each)	515.39	515.39	515.39	515.39	515.39
	Reserves Excluding Revaluation Reserves as on 31.03.2003 .	-	-	-	-	711.54
	Aggregate of Non-Promoter Shareholding Number of Shares	33,96,809	33,91,899	-	-	33,91,899
	Percentage of Holding	65.91%	65.81%	-	-	65.81%

Notes:
Sales inclusive of Excise Duty of Rs.7,86,496/- and correspondingly forms part of the Manufacturing and Other Expenses.
Presently the Company is operating in only one segment Viz, Tele-Communication.
Previous period figures have been regrouped/recast to confirm to the current period presentation.
Depreciation and Deferred Revenue Expenditure will be provided at the year end.
During the Quarter 17 complaints were received from the investors and the same were resolved to the satisfaction of investors.
The above results were considered and taken on record at the Board Meeting held on 28th October,2003.

For Avantel Softech Limited
By order of the Board

Place: Hyderabad
Date : 28-10-2003

A.Venkateswara Rao
Chairman