Un-Audited Financial Results (Provisional) for the Quarter Ended 31st MARCH, 2004 | |||||||
(Rs. in Lakhs) |
|||||||
Particulars |
Quarter Ended |
Year Ended |
|||||
|
31.03.2004 Un-Audited |
31.03.2003 Un-Audited |
31.03.2004 Un-Audited |
31.03.2003 Audited |
|||
Net Sales |
278.55 |
361.26 |
857.43 |
662.05 |
|||
Other Income |
3.00 |
7.12 |
8.10 |
13.85 |
|||
Total Income | 281.55 |
368.38 |
865.53 |
675.90 |
|||
(a) Decrease in Stock | 6.29 |
72.91 |
25.17 |
14.63 |
|||
(b) Material Consumption |
69.90 |
88.78 |
290.05 |
191.20 |
|||
(c) Manufacturing & other Expenses |
25.48 |
65.32 |
122.52 |
109.20 |
|||
(d) Staff Cost |
34.36 |
8.39 |
103.92 |
99.17 |
|||
(e) Administrative & other Expenses | 43.80 |
48.69 |
106.56 |
97.73 |
|||
Total Expenses | 179.83 |
284.09 |
648.22 |
511.89 |
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Profit Before Interest, Depn & Taxes | 101.72 |
84.29 |
217.31 |
164.01 |
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Financial Expenses |
15.22 |
15.92 |
62.29 |
55.88 |
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Misc. Expenses Written of |
5.63 |
22.52 |
22.52 |
22.52 |
|||
Depreciation | 14.80 |
67.56 |
51.38 |
67.58 |
|||
Profit/(Loss) Before Tax and Extra-ordinary items |
66.07 |
(21.71) |
81.12 |
18.03 |
|||
Loss on Discarded Assets | (22.42) |
- |
(22.42) |
-
|
|||
Loss on Revaluation of Assets | (118.24) |
- |
(118.24) |
-
|
|||
Add/(Less): Deferred Tax Liability | 50.32 |
- |
50.32 |
(1.35) |
|||
Add: Excess Provision for Tax | 15.07 |
- |
15.07 |
- |
|||
Profit/(Loss) After Tax | (9.20) |
(21.71) |
5.85 |
16.68 |
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Paid-up Equity Share Capital | 515.28 |
515.28 |
515.28 |
515.28 |
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Reserves (Excluding Revaluation Reserve) | - |
- |
378.04 |
711.54 |
|||
EPS (Rs) not Annualised | |||||||
Aggregate of Non-Promoter Shareholding Number of Shares |
- |
- |
34,32,249 |
33,91,899 |
|||
Percentage of Shareholding |
-
|
- |
66.59% |
65.81% |
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Notes: Net Sales is inclusive of Excise Duty of Rs.52,49,884/- During the quarter all fixed assets were revalued on 31.03.04. the profit on revaluation of assets amounting to Rs.221.51 Lakhs has been transfered to Revaluation Reserve account and the loss on revaluation of assets amounting to Rs.118.24 lakhs has been debited to Profit and Loss Account as per the Accounting Standard 10 "Accounting for Fixed Assets". Based on the experience during the last quarter, the assessment of spares required during warranty period, the provision for warranty expenses was reduced by Rs.20.60 lakhs. Previous period figures have been regrouped/recast to confirm to the current period presentation. During the Quarter 18 Complaints were received form investors and same were resolved to the satisfaction of investors. Though, during this quarter there was a Revenue of Rs.6.75 lakhs from Software Development, the same was not categorised as a separate segment since the revenue was below the limit specified in AS-17. The above results were considered and taken on record at the Board Meeting held on 29th April, 2004. For Avantel Softech Limited By order of the Board Place: Hyderabad Date : 29-04-2004 A.Venkateswara Rao Chairman |