Financial Results For (2011 - 2012)

UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30th SEPTEMBER, 2011
(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
31.03.2011
(Un-Audited)
(Un-Audited)
(Un-Audited)
(Un-Audited)
(Audited)
1
Net Sales/ Income from operations
536.42 345.44 993.15 614.75 2406.70
2
Expenditure          
a) (Increase)/ Decrease      in Stock -315.30 (110.45) -266.76 (175.66) (83.62)
b) Materials and Services
257.75 119.75 339.94 201.13 825.37
c) Excise Duty 7.66 18.65 37.12 28.50 180.58
d) Employee Cost
94.24 81.22 180.39 156.65 341.43
  e) Depreciation 29.95 27.95 55.55 55.28 114.69
   f) Manufacturing     Expenditure 34.49 27.01 59.92 46.63 167.01
  g) R & D Expense 99.74 99.08 185.49 176.91 291.36
  h) Other Expenditure 53.49 58.60 109.79 94.21 224.80
  i) Total 262.02 321.81 701.44 583.66 2061.62
3 Profit from Operations before Interest & Exceptional items (1-2) 274.40 23.63 291.71 31.09 345.09
4 Other Income 1.75 5.18 4.09 10.44 8.48
5
Profit before Interest & Exceptional items (3+4) 276.15 28.81 295.80 41.52 353.57
6 Interest 3.15 4.39 4.04 6.81 40.63
7 Profit after Interest but before Exceptional items   (5-6) 273.00 24.42 291.76 34.71 312.94
8 Exceptional Items 0.00 - 0.00 - -
9 Profit before Tax (7-8) 273.00 24.42 291.76 34.71 312.94
10 Tax Expense
-
- 62.40
11 Net profit from Ordinary activities after Tax (9-10) 273.00 24.42 291.76 34.71 250.54
12 Extraordinary items (Net of Tax Expenses) 0.00 - 0 - 4.94
13 Net Profit for the period  (11-12) 273.00 24.42 293.73 34.71 245.60
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) 1343.27 972.71 1343.27 972.71 1101.28
16
Earnings Per Share (EPS)
       
    a. Basic and diluted EPS       before Extra-Ordinary       items 5.80 0.52 6.23 0.74 5.32
    b. Basic and diluted EPS       After Extra-Ordinary       items 5.80 0.52 6.23 0.74 5.32
17

Public Shareholding
      Number of Shares


3189661

3,231,995

3189661

3,231,995

3231995
 

      Percentage of       Shareholding

67.77% 68.67% 67.77% 68.67% 68.67%
18 Promoters and promoter group shareholding




    a. Pledged/Encumbered




      - Number of Shares
- - - -
      - Percentage of       Shares
- - -
    b. Non-Encumbered




      - Number of Shares 1516812 1,474,478 1516812 1,474,478 1,474,478
      - 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 32.23% 31.33% 32.23% 31.33% 31.33%
 

Notes:
The above results have been reviewed by the Audit Committee, considered and approved by the Board of Directors at their meeting held on 13th October, 2011.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 Complaints:

Opening : Nil, Received during the Quarter : 1, Resolved : 1, Closing : Nil.

For Avantel Limited
By order of the Board


Place : Hyderabad
Date : 31st January, 2012


A. Vidya Sagar
Managing Director

STATEMENT OF ASSETS & LIABILITIES AS ON 30th SEPTEMBER, 2011 ANNEXURE - IX
(Rs. in Lakhs)

Particulars

Six months ended 30th September 2011
Six months ended 30th September 2010
SHAREHOLDERS FUNDS

(a) Capital 470.71 470.71
(b) Reserves & Surplus
1,549.83 1,142.60
     
Secured Loans 249.04 127.58
TOTAL
2,269.58 1,740.89
FIXED ASSETS 1,012.85 565.16
INVESTMENTS
-
-
CURRENT ASSETS, LOANS AND ADVANCES    
(a) Inventories 711.51 601.41
(b) Sundry Debtors 615.78 415.03
(c) Cash and Bank Balances 44.89 33.96
(d) Loans and Advances 382.68 628.26
Less: Current Liabilities and Provisions    
(a) Liabilities 300.97 314.85
(b) Provisions 197.17 188.10
MISCELLANEOUS EXPENDITURE (NOT WRITTEN OFF OR ADJUSTED)

-

-
PROFIT AND LOSS ACCOUNT - -
TOTAL 2,269.58 1,740.89
Place: Hyderabad
Date:  13-10-2011
For Avantel Limited

By order of the Board
Sd/-
Dr A. VIDYASAGAR
MANAGING DIRECTOR
 

* Applicable in the case of consolidated results.

Notes : 1. The above results were reviewed and recommended by the Audit Committee and approved by the Board of Directtors of the Company at their meeting held on 30th April, 2012.
2.The Board of Direcrors has recommended Equity Dividend of 20% (Previous Year 15%) for the financial year 2011-2012.
3.Tax Expenses inculde Income Tax and Deferred Tax.
4.The Figures of the last quarter are the balancing figures between audited figures in respect of the full financial year and the published year to date figures upto the third quarter of the current financial year.
5. Previous period figures have been regrouped/recast/ reclassified, wherever necessary.


For Avantel Limited
By order of the Board


Place : Hyderabad
Date : 31st March, 2012


A. Vidya Sagar
Managing Director