Financial Results For (2010 - 2011)

UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30th SEPTEMBER, 2010
(Rs. in Lakhs)
Sl No.

Particulars

For The Quarter Ended
For The Half Year Ended
Year Ended
30.09.2010
30.09.2009
30.09.2010
30.09.2009
31.03.2010
(Un-Audited)
(Un-Audited)
(Un-Audited)
(Un-Audited)
(Audited)
1
Net Sales/ Income from operations

345.44

376.56

614.75

784.65

2269.05
2
Expenditure          
a) (Increase)/ Decrease      in Stock

(110.45)

(59.80)

(175.66)

(97.03)

9.66
b) Materials and Services
119.75
180.31
201.13
339.19
948.28
c) Excise Duty
18.65
26.39
28.50
37.25
114.65
d) Employee Cost
81.22
76.88
156.65
158.43
311.71
  e) Depreciation
27.95
29.07
55.28
60.02
123.35
   f) Manufacturing     Expenditure

27.01

38.66

46.63

82.60

161.54
  g) R & D Expense
99.08
69.67
176.91
127.28
299.28
  h) Other Expenditure
58.60
37.74
94.21
74.57
166.54
  i) Total
321.81
398.92
583.66
782.32
2135.70
3 Profit from Operations before Interest & Exceptional items (1-2)


23.63


-22.36


31.09


2.33


133.35
4 Other Income
5.18
1.99
10.44
7.78
11.88
5
Profit before Interest & Exceptional items (3+4)

28.81

-20.36

41.52

10.11

145.22
6 Interest
4.39
6.82
6.81
10.42
28.24
7 Profit after Interest but before Exceptional items   (5-6)


24.42


-27.19


34.71


-0.31


116.98
8 Exceptional Items
-
-
-
-
-
9 Profit before Tax (7-8)
24.42
-27.19
34.71
-0.31
116.98
10 Tax Expense
-
-
-
10.55
11 Net profit from Ordinary activities after Tax (9-10)

24.42

-27.19

34.71

-0.31

106.43
12 Extraordinary items (Net of Tax Expenses)

-

-

-

-

(16.99)
13 Net Profit for the period  (11-12)

24.42

-27.19

34.71

-0.31

123.43
14 Paid up equity share capital (Face Value: Rs. 10/-)


470.65


470.65


470.65


470.65


470.65
15 Reserves (Excluding Revaluation Reserves)

972.71

869.32

972.71

869.32

938.00
16
Earnings Per Share (EPS)
       
    a. Basic and diluted EPS       before Extra-Ordinary       items


0.52


-0.56


0.74


-0.01


2.26
    b. Basic and diluted EPS       After Extra-Ordinary       items


0.52


-0.56


0.74


-0.01


2.21
17

Public Shareholding
      Number of Shares


3,231,995

3,140,558

3,231,995

3,140,588

3,172,589
 

      Percentage of       Shareholding


68.67%


66.73%


68.67%


66.73%


67.41%

18 Promoters and promoter group shareholding          
    a. Pledged/Encumbered          
      - Number of Shares
-
-
-
-
-
      - Percentage of       Shares

-

-

-

-

-
    b. Non-Encumbered          
      - Number of Shares
1,474,478
1,565,885
1,474,478
1,565,885
1,533,884
      - Percentage of Shares       as a percentage of total       shareholding of       Promoters and Promoter       group



100.00%



100.00%



100.00%



100.00%



100.00%
    - Percentage of shares
31.33%
33.27%
31.33%
33.27%
32.59%
 

Notes:
The above results have been reviewed by the Audit Committee, considered and approved by the Board of Directors at their meeting held on 30th October, 2010.
The Auditors of the company have carried out "Limited Review" of the above financial results.
Presently the Company is Operating in only one Segment Viz, Electronics & Communication.
Previous period figures have been regrouped/recast to conform to the current period presentation.
Summary of Investor Compliants:
Opening : Nil, Received during the Quarter : 2, Resolved : 2, Closing : Nil.


For Avantel Limited
By order of the Board

Place : Hyderabad
Date : 30-10-2010

Dr A. VIDYASAGAR
MANAGING DIRECTOR