Financial Results For (2002 - 2003)

Un-Audited Financial Results for the Quarter Ended 31st MARCH, 2003
(Rs. in Lakhs)
Particulars
Quarter Ended
Year Ended
 

 

 

31.03.2003
Un-Audited
31.03.2002
Un-Audited
31.03.2003
Un-Audited
31.03.2002
Audited
 
Net Sales
361.26
193.51
662.05
771.80
 
Other Income
7.12
8.49
13.62
17.19
  Total Income
368.38
202.00
675.67
788.99
  (a) (Increase)/Decrease in Stock
72.91
53.68
14.63
116.51
 
(b) Material Consumption
88.78
90.17
191.20
323.52
 
(c) Staff Cost
            8.39
65.56
100.34
162.05
 
(d) Manufacturing & other Expenses
65.32
38.15
108.92
135.36
  (e) Administrative & other      Expenses

48.69

46.27

97.89

118.25
  Total Expenditure
284.09
293.83
512.98
855.69
  Profit Before Interest, Depn & Taxes

84.29

(91.83)

162.69

(66.70)
 
Financial Expenses
15.92
16.38
55.87
76.94
 
Misc. Expenses Written of
22.52
28.19
22.52
28.19
  Depreciation
67.56
54.53
67.56
54.53
  Profit/(Loss) Before Tax
         (21.71)
(190.93)
                 16.74
(226.36)
  Provision for Deferred Tax Liability
-
-
1.36
(53.03)
  Profit/(Loss) After Tax
(21.71)
(190.93)
15.38
(279.39)
  Paid-up Equity Share Capital
515.28
515.28
515.28
515.28
  Reserves
-
-
711.54
711.54
  EPS (Rs) not Annualised
-
-
-
-
  Aggregate of Non-Promoter Shareholding
      Number of Shares


-


-


33,91,899


33,99,899
 

      Percentage of Shareholding

-
-
65.81%
65.96%
 
Notes:
Net Sales is inclusive of Excise Duty of Rs.73,66,991/- and correspondingly forms part of the Manufacturing & Other Expenses.
Technical Know how amounting to Rs.9,10,800 and forming part of the Fixed Assets as on 01.04.2002 has been written off.
Debtors amounting to Rs.23,22,851/- has been written off as Bad Debts.
Previous period figures have been regrouped/recast to confirm to the current period presentation.
The above results were considered and taken on record at the Board meeting held on 29th April 2003.

Segment-wise Revenue, Results and Capital Employed under clause 41 of the listing agreement
(Rs. in Lakhs)
  Sl.No.
Particulars
Quarter
Ended
31.03.2003
Nine Months
Ended
31.03.2003
Year Ended
31.03.2002
Audited
  1.
Segment Revenue :
   
         * Telecom Products
354.02
635.22
768.88
         * Software     
7.24
  
26.83
    
2.92
   
Total
361.26
662.05
771.80
    Less : Inter-segment revenue
-
-
-
   
Net Sales/Income from Operations
361.26
662.05
771.80
 
2.
Segment Results :
     (Profit(+)/Loss(-) before tax and       interest
 
              * Telecom Products    
(8.28)

65.46
   
(86.88)
              * Software         
2.49
         
7.16
         
(59.37)
   
Total
    (5.79)
72.62
(146.25)
    Less : i) Interest
15.92
55.88
76.94
             ii) Other un-allocable expenditure              net off un-allocable Income

-

-
  
76.94
    Total Profit/(Loss) Before Tax
  (21.71)
16.74
  (226.35)
  3. Capital Employed
    (Segment Assets - Segment Liabilities)
              * Telecom Products
946.28
946.28
843.46
              * Software
137.10
137.10
145.26
   
Total
1083.38
1083.38
988.72
 
For Avantel Softech Limited
By order of the Board

Place: Hyderabad
Date : 29-04-2003

A.Venkateswara Rao
Chairman