Financial Results For (2010 - 2011)

UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 31st DECEMBER, 2010
(Rs. in Lakhs)
Sl No.
Particulars
For The Quarter ended
For The Nine Months ended
Year Ended
31.12.2010
(Un-audited)
31.12.2009
(Un-audited)
31.12.2010
(Un-audited)
31.12.2009
(Un-audited)
31.03.2010
(Audited)
1
Net Sales/ Income from operations

323.19

699.28

937.94

1483.93

2269.05
2
Expenditure
  a) (Increase) / Decrease     in Stock

(304.76)

4.34

(480.41)

(92.69)

9.66
  b) Materials and Services
249.15
351.35
450.28
690.55
948.28
  c) Excise Duty
21.04
44.21
49.54
81.46
114.65
  d) Employee Cost
84.48
74.61
241.13
233.04
311.71
  e) Depreciation
28.10
33.40
83.38
93.42
123.35
  f)  Manufacturing     Expenditure

37.56

38.44

84.19

121.04

161.54
  g) R&D Expenses
41.09
81.92
218.00
209.20
299.98
  h) Other Expenditure
56.16
39.34
150.37
113.91
166.54
  i)  Total
212.82
667.61
796.48
1449.93
2135.70
3
Profit from Operations before Interest & Exceptional items (1-2)


110.38


31.67


141.46


34.00


133.35
4
Other Income
0.08
1.16
10.51
8.94
11.88
5
Profit before Interest & Exceptional items (3+4)

110.45

32.83

151.98

42.94

145.22
6
Interest
12.06
11.97
18.88
22.39
28.24
7
Profit after Interest but before Exceptional items (5-6)


98.39


20.86


133.10


20.55


116.98
8
Exceptional Items
-
-
-
-
-
9
Profit before Tax (7-8)
98.39
20.86
133.10
20.55
116.98
10
Tax Expense
-
-
-
-
10.55
11
Net profit from Ordinary activities after Tax (9-10)

98.39

20.86

133.10

20.55

106.43
12
Extraordinary items (Net of Tax Expenses)

1.33

-

1.33

-

(16.99)
13
Net Profit for the period (11-12)

97.06

20.86

131.77

20.55

123.43
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)

1069.76

890.19

1069.76

890.19

938.00
16
Earnings Per Share (EPS)          
  a.Basic and diluted EPS      before Extra-Ordinary      items


2.09


0.43


2.83


0.42


2.26
  b.Basic and diluted EPS    After Extra-Ordinary         items


2.09


0.43


2.83


0.42


2.21
17
Public Shareholding
      Number of Shares

3,231,995

3,143,588

3,231,995

3,143,588

3,172,589
        Percentage of       Shareholding

68.67%

66.79%

68.67%

66.79%

67.41%
18 Promoters and promoter group shareholding          
    a. Pledged/Encumbered          
      - Number of Shares
-
-
-
-
-
      - Percentage of Shares
-
-
-
-
-
    b. Non-Encumbered          
      - Number of Shares
1,474,478
1,562,885
1,474,478
1,562,885
1,533,884
      - 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
31.33%
33.21%
31.33%
33.21%
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 31st January, 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 : 31st March, 2012

A.Venkateswara Rao
Chairman