Financial Results For (2011 - 2012)

UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 31st 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 31st 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 : 31st January, 2012


A. Vidya Sagar
Managing Director