Financial Results For (2011 - 2012)

UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 31^st DECEMBER, 2011
		(Rs. in Lakhs)
S.No.	Particulars	For The Quarter ended			For the nine months ended		Year ended
		31.12.2011	30.09.2010	31.12.2010	31.12.2011	31.12.2010	31.03.2011
		(un-audited)	(un-audited)	(un-audited)	(un-audited)	(un-audited)	(Audited)
1	Income
	a) Sale of products	122.46	501.77	307.47	2152.66	857.52	2246.67
	b) Sale of software and services	80.10	34.65	15.72	148.79	80.42	160.03
	Net sales/Income from operations	1305.56	536.42	323.19	2301.45	937.94	2406.70
2	Expenditure
	a) (Increase) / Decrease in Stock	350.67	(315.30)	(304.76)	83.91	(480.41)	(83.62)
	b) Materials and Services	139.38	257.75	249.15	479.77	450.28	825.37
	c) Excise Duty	13.30	7.66	21.04	50.42	49.54	180.58
	d) Employee Cost	97.99	94.24	84.48	278.24	241.13	341.43
	e) Depreciation	33.12	29.95	28.10	88.67	83.38	114.69
	f) Manufacturing Expenditure	32.56	34.49	37.56	99.65	84.19	167.01
	g) R&D Expenses	154.59	99.74	41.09	339.56	218.00	291.36
	h) Other Expenditure	88.51	53.59	56.16	184.91	150.37	224.80
	i) Total	910.13	262.02	212.82	1605.14	796.48	2061.62
3	Profit from Operations before Interest & Exceptional items (1-2)	395.43	274.40	110.38	696.31	141.46	345.08
4	Other Income	1.54	1.75	0.08	5.18	10.51	8.48
5	Profit before Interest & Exceptional items (3+4)	396.96	276.15	110.45	701.49	151.98	353.56
6	Interest	22.84	3.15	12.06	32.04	18.08	40.63
7	Profit after Interest but before Exceptional items (5-6)	374.13	273.00	98.39	669.45	133.10	312.93
8	Exceptional Items	-	-	-	-	-	-
9	Profit before Tax (7-8)	374.13	273.00	98.39	669.45	133.10	312.93
10	Tax Expense	74.85	-	-	133.94	-	62.40
11	Net profit from Ordinary activities after Tax (9-10)	299.27	273.00	98.39	535.51	133.30	250.53
12	Extraordinary items (Net of Tax Expenses)	-	-	1.33	-	1.33	4.94
13	Net Profit for the period (11-12)	299.27	273.00	97.06	535.51	131.97	245.59
14	Paid up equity share capital (Face Value: Rs. 10/-)	459.53	470.65	470.65	459.53	470.65	470.65
15	Reserves (Excluding Revaluation Reserves)	1635.12	1343.27	1069.76	1635.12	1069.70	1101.28
16	Earning Per Share (EPS)
	a. Basic and diluted EPS before Extra-Ordinary items	6.51	5.80	2.09	11.65	2.83	5.32
	b. Basic and diluted EPS After Extra-Ordinary items	6.51	5.80	2.09	11.65	2.83	5.32
17	Public Shareholding
	Number of Shares	3,078,086	3,189,661	3,231,995	3,078,086	3,231,995	3,231,995
	Percentage of Shareholding	66.98%	67.77%	68.67%	66.98%	68.67%	67.40%
18	Promoters and promoter group shareholding
	a. Pledged/Encumbered
	- Number of Shares	-	-	-	-	-	-
	- Percentage of Shareholding	-	-	-	-	-	-
	b. Non-Encumbered
	- Number of Shares	1,517,312	1,516,812	1,474,478	1,517,312	1,474,478	1,474,478
	- Percentage of Shares as a percentage of total
	shareholding of Promoters and Promoter group	100.00%	100.00%	100.00%	10.00%	100.00%	100.00%
	- Percentage of shares	33.02%	32.23%	31.33%	33.02%	31.33%	31.33%

NOTES:
1 The above results have been reviewed by the Audit Committee, considered and approved by the Board of Directors at their meeting held on 31^st January, 2012.
2 The Auditors of the company have carried out "Limited Review" of the above financial results.
3 Presently the Company is Operating in only one Segment Viz, Electronics & Communication.
4 During the quarter ending 31st December, 2011, the Company bought back 1,11,075 No. of equity shares and the same were extinguished. As on date 2,23,473 No. of equity shares were bought back and the Company completed the buy back process. The No. of issued, subscribed and paid up equity shares after extinguishment of total number of shares bought back will be 44,83,000.
5 Previous period figures have been regrouped/recast to conform to the current period presentation.
6 Summary of Investor Complaints:
Opening : Nil, Received during the Quarter : 1, Resolved : 1, Closing : Nil.

For Avantel Limited
By order of the Board

Place : Hyderabad
Date : 31^st January, 2012

A. Vidya Sagar
Managing Director