Financial Results For (2010 - 2011)

UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 31 st March, 2011
(Rs. in Lakhs)
Sl Particulars For the Quarter Ending Year Ended Year Ended
No. 31.03.2011 31.03.2010 31.03.2011 31.03.2010
(Un-audited) (Un-audited) (Un - Audited) (Audited)
1 Net Sales/ Income from operations 1470.06 785.12 2408.00 2269.05
2 Expenditure
a) (Increase)/Decrease in Stock 396.80 102.34 (83.62) 9.66
b) Materials and Services 372.49 255.49 822.77 948.28
c) Excise Duty 131.22 33.19 180.76 114.65
d) Employee Cost 89.58 78.87 330.71 311.71
e) Depreciation 28.02 29.92 111.40 123.35
f) Manufacturing Expenditure 75.07 40.44 167.87 161.54
g) R&D Expenses 73.80 90.54 290.46 299.98
h) Other Expenditure 56.16 50.89 192.22 166.54
i) Total 1223.13 681.68 2012.56 2135.70
3 Profit from Operations before Interest & Exceptional items (1-2) 246.93 103.44 395.43 133.35
4 Other Income 0.91 1.91 7.21 11.88
5 Profit before Interest & Exceptional items (3+4) 247.84 105.34 402.64 145.22
6 Interest 23.94 5.84 42.65 28.24
7 Profit after Interest but before Exceptional items (5-6) 223.90 99.50 359.99 116.98
8 Exceptional Items - - - -
9 Profit before Tax (7-8) 223.90 99.50 359.99 116.98
10 Tax Expense 44.63 11.05 71.75 10.55
11 Net profit from Ordinary activities after Tax (9-10) 179.28 88.45 288.24 106.43
12 Extra-ordinary items (Net of Tax Expenses) (0.21) - (0.21) (16.99)
13 Net Profit for the period (11-12) 179.07 88.45 288.04 123.43
14 Paid up equity share capital ( Value: Rs. 10/-) 470.71 470.71 470.71 470.71
15 Reserves (Excluding Revaluation Reserves) 1226.04 978.63 1226.04 938.00
16 Earnings Per Share (EPS)
a. Basic and diluted EPS before Extra-Ordinary items 3.81 1.88 6.12 2.26
b. Basic and diluted EPS After Extra-Ordinary items 3.78 1.88 6.09 2.21
17 Public Shareholding
Number of Shares 3231995 3172589 3231995 3172589
Percentage of Shareholding 68.67% 67.40% 68.67% 67.40%
18 Promoters and promoter group shareholding
a. Pledged/Encumbered
- Number of Shares - - - -
- Percentage of Shares - - - -
b. Non-Encumbered
- Number of Shares 1474478 1533884 1474478 1533884
- Percentage of Shares as a percentage of total
shareholding of Promoters and Promoter group 100.00% 100.00% 100.00% 100.00%
-Percentage of shares 31.37% 32.59% 31.37% 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 April, 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 : 2, Resolved : 2, Closing : Nil.


For Avantel Limited
By order of the Board

Place : Hyderabad
Date : 30th April,2011

Dr. A Vidyasagar
Managing Director