Financial Results For (2003 - 2004)

Unaudited Financial Results for the Quarter and Nine Months Period Ended 31st DECEMBER, 2003
(Rs. in Lakhs)
 
Particulars
Quarter Ended
9 Months Ended
Year Ended
31.12.2003
31.12.2002
31.12.2003
31.12.2002
31.03.2003
Audited
Net Sales
414.22
95.07
578.86
300.79
662.05
 
  Other Income
0.51
4.08
5.10
6.51
13.85
 
  Increase/(Decrease) in Stock
(24.94)
27.88
(18.88)
58.28
(14.63)
 
  Total Income
389.79
127.03
565.08
365.58
661.27
 
  Materials Consumption
156.90
48.66
235.16
102.42
191.20
 
  Manufacturing & other Expenditure

55.52

15.20

82.04

43.60

109.16
 
  Staff Cost
23.46
24.02
69.55
91.96
99.17
 
  Administrative & other Exp.
31.30
17.15
62.76
49.20
97.73
 
  Financial Expenses
18.64
11.62
47.06
39.96
55.88
 
  Misc. Expenses Written off
16.89
-
16.88
-
22.52
 
  Depreciation
36.58
-
36.58
-
67.58
 
  Total Expenditure
339.29
116.65
550.03
327.14
643.24
 
  Profit/(Loss) Before Tax
50.50
10.38
15.05
38.44
18.03
 
  Paid-up Equity Share Capital
515.28
515.28
515.28
515.28
515.28
 
  Reserves Excluding Revaluation Reserves

387.96

558.37

387.96

558.37

536.61
 
  Aggregate of Non-Promoter Shareholding
      Number of Shares


34,13,109


33,99,899


34,13,109


33,99,899


33,91,899
 
        Percentage of Shareholding
66.22%
65.96%
66.22%
65.96%
65.81%
 
  EPS
1.02
0.20
0.30
0.75
0.35
 
 
Notes:
Depreciation has been provided for 9 months. Miscellaneous Expenses has been written off proportionately.
Presently the Company is operating in only one segment Viz, Tele-Communication.
Previous period figures have been regrouped/ recast to confirm to the current period presentation.
During the quarter 13 complaints were received from the investors and the same were resolved to the satisfaction of investors.
The capaitalised Research & Development Expenditure and accumulated losses as on 31st March 2003 has been set off against share premium account as per order of the Hon'ble high Court, Andhra Pradesh.
The above results were considered and taken on record at the Board Meeting held on 30th January,2004.

For Avantel Softech Limited
By order of the Board

Place: Hyderabad
Date : 30-01-2004

A.Venkateswara Rao
Chairman