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| Un Audited Financial Results For The Quarter Ended 30 th June 2009 |
(Rs in lakhs) |
| |
|
Consolidated |
Standalone |
| S.
No |
Particulars |
Quarter Ended
(Un Audited) |
Year Ended
(Audited) |
Quarter Ended
(Un Audited) |
Year Ended
(Audited) |
| 30-Jun-09 |
30-Jun-08 |
31-Mar-09 |
30-Jun-09 |
30-Jun-08 |
31-Mar-09 |
| |
|
1 |
2 |
3 |
4 |
5 |
6 |
| 1 |
Net Sales / Income from Operations |
752.76 |
923.11 |
3,892.08 |
632.62 |
898.41 |
3,593.09 |
| 2 |
Total income |
752.76 |
923.11 |
3,892.08 |
632.62 |
898.41 |
3,593.09 |
| 3 |
Expenditure |
|
|
|
|
|
|
| |
a) ( Increase) / Decrease in stock in trade and Work In Progress |
(60.59) |
10.10 |
(217.43) |
(60.59) |
10.10 |
(217.43) |
| |
b) Consumption of Raw Materials |
131.32 |
169.42 |
568.80 |
131.32 |
169.42 |
568.80 |
| |
c) Purchase of Traded Goods |
111.11 |
95.35 |
662.53 |
89.78 |
119.24 |
577.08 |
| |
d) Employees Cost |
458.39 |
394.13 |
1,796.21 |
384.78 |
377.53 |
1,609.18 |
| |
e) Depreciation |
74.13 |
50.05 |
250.36 |
74.13 |
50.05 |
250.36 |
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f) Other Expenditure |
242.40 |
233.97 |
1,028.00 |
200.51 |
214.19 |
921.69 |
| |
g) Total Expenditure |
956.75 |
953.02 |
4,088.47 |
819.92 |
940.53 |
3,709.68 |
| 4 |
Interest |
98.58 |
74.91 |
357.73 |
97.22 |
74.19 |
349.40 |
| 5 |
Exceptional Items |
- |
- |
68.51 |
- |
- |
68.51 |
| 6 |
Profit (+) / Loss (-) from Ordinary Activities Before tax (2)-(3+4+5) |
(302.57) |
(104.82) |
(622.63) |
(284.53) |
(116.31) |
(534.50) |
| 7 |
Tax Expense |
0.06 |
(21.06) |
(6.91) |
- |
(21.06) |
(8.23) |
| |
a. Current Tax |
0.06 |
- |
1.32 |
- |
- |
- |
| |
b. Deferred Tax |
- |
(23.53) |
(23.53) |
- |
(23.53) |
(23.53) |
| |
c. Fringe Benefit Tax |
- |
2.47 |
15.30 |
- |
2.47 |
15.30 |
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d. Taxes of earlier Years written off |
- |
- |
- |
- |
- |
- |
| |
Minority interest |
(2.75) |
(0.08) |
(0.33) |
- |
- |
- |
| |
Net Profit (+) / Loss (-) from ordinary activities after tax ( 6 - 7- 8 ) |
(299.87) |
(83.68) |
(615.39) |
(284.53) |
(95.25) |
(526.27) |
| 11 |
Other income |
10.29 |
6.61 |
102.64 |
10.32 |
2.96 |
83.44 |
| 12 |
Net Profit (+) / Loss (-) for the period ( 9 + 10) |
(289.59) |
(77.07) |
(512.75) |
(274.21) |
(92.29) |
(442.83) |
| 13 |
Paid up Equity share capital - Face Value Rs. 10 Each |
1,103.74 |
1,103.74 |
1,103.74 |
1,103.74 |
1,103.74 |
1,103.74 |
| 14 |
Reserves Excluding Revaluation Reserves as per Balance Sheet of Previous Accounting Year |
|
|
17.83 |
- |
- |
17.83 |
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Basic and diluted EPS |
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a) Basic and diluted EPS before Extraordinary Items for the period , for the Year to date and for the Previous Year ( not to be Annualized) |
(2.48) |
(0.70) |
(4.54) |
(2.56) |
(0.84) |
(3.92) |
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b) Basic and diluted EPS after Extraordinary Items for the period , for the Year to date and for the Previous Year ( not to be Annualized) |
(2.48) |
(0.70) |
(4.65) |
(2.56) |
(0.84) |
(4.02) |
| 14 |
Public Shareholding |
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|
|
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No.of shares |
4,445,949 |
4,569,463 |
4,445,949 |
4,445,949 |
4,569,463 |
4,445,949 |
| |
% to total capital |
40.28% |
41.40% |
40.28% |
40.28% |
41.40% |
40.28% |
| 15 |
Promoters and Promoter Group Shareholding |
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Pledged / Encumbered |
|
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Number of Shares |
1,300,000 |
|
800,000 |
1,300,000 |
|
800,000 |
| |
Percentage of Shares (as a % of the total shareholding of promoter and promoter group) |
19.72 |
|
12.14 |
19.72 |
|
12.14 |
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Percentage of Shares (as a % of the total share capital of the company) |
11.78 |
|
7.15 |
11.78 |
|
7.15 |
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Non Encumbered |
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Number of Shares |
5,291,452 |
|
5,791,452 |
5,291,452 |
|
5,791,452 |
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Percentage of Shares (as a % of the total shareholding of promoter and promoter group) |
80.28 |
|
87.86 |
80.28 |
|
87.86 |
| |
Percentage of Shares (as a % of the total share capital of the company) |
47.94 |
|
52.57 |
47.94 |
|
52.57 |
| SEGMENTWISE REVENUE
& RESULTS |
(Rs in lakhs)
|
| S.No |
Particulars |
Quarter Ended
30 June |
For the Year Ended |
|
2009 |
2008 |
2009 |
|
1 |
| Revenue
by industry segment |
| Systems & Services |
| Software Services |
| Animation |
| Others |
| Net Revenue from Operations |
|
| 362.79 |
| 264.34 |
| 17.63 |
| (0.01) |
| 644.74 |
|
| 477.01 |
| 281.31 |
| 137.55 |
| 2.57 |
| 898.44 |
|
| 1892.91 |
| 1124.56 |
| 604.70 |
| 3.55 |
| 3,625.72 |
|
|
2 |
| Segment
profit before tax, interest |
| Systems & Services |
| Software Services |
| Animation |
| Others |
| Total |
| Less:
Interest (Net) |
| Other
un-allocable expenditure |
| (excluding un-allocable income) |
| Total
Profit/(Loss) before Tax |
|
| (0.59) |
| 27.06 |
| (165.08) |
| (39.49) |
| (178.08) |
| 96.12 |
| 0.00 |
| |
| (274.21) |
|
| 45.49 |
| 53.13 |
| (114.29) |
| (26.06) |
| (41.73) |
| 71.62 |
| 0.00 |
| |
| (113.35) |
|
| 117.90 |
| 224.19 |
| (242.52) |
| (140.03) |
| (40.46) |
| 342.09 |
| 68.51 |
| |
| (451.06)
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3 |
Capital
Employed
Segment Assets - Segment Liabilities |
| Systems &
Services |
| Software
Services |
| Animation |
| |
| Total |
|
| 370.98 |
| 366.73 |
| 416.63 |
| 1,154.34 |
1,154.34
|
| 747.27 |
| 346.85 |
| 451.61 |
| 1,545.73 |
|
| 509.83 |
| 481.50 |
| 849.52 |
| 1,840.85 |
|
| 4 |
| Revenue by Geography Segment |
| Inside India |
| Outside India |
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| 1. |
The results for the quarter ended 30TH June 2009 have been taken on record at the Board of Directors in its meeting held on 27th July 2009. |
| 2. |
Consolidated Accounts for the quarter end includes the results of the following subsidiary companies, incorporated as per AS 21 of the Companies (Accounting Standards) Rules, 2006.
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M/s Accel North America Inc. -100% subsidiary;
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M/s Accel Solutions Japan Inc. – 75% subsidiary;
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Proportionate share of loss of Accel Academy Limited in which this company is holding 49% equity, has been considered in the consolidated financial statements for the quarter ended 30.06.2009 as per AS 23 0f the Companies (Accounting Standards) Rules, 2006 under other expenditure.
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| 3. |
Investors who have subscribed to the issue of 25,50,000 convertible warrants at a price of Rs.33/- per warrant on a preferential basis in the year 2007-08 and have paid 10% of the amount equivalent to Rs.84.15 lacs as per the terms of the issue have not exercised their option to convert the same into Equity Shares by paying the balance amount as per the terms of the issue within the due date prescribed (I.e.) on or before 31st May 2009. Consequently company has forfeited this amount . |
| 4. |
No provision has been made for Fringe Benefit Tax which is proposed to be abolished as per Finance Bill(2) 2009. |
| 5. |
nformation on Investor complaints (numbers) |
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| Pending at the beginning of the quarter |
: |
NIL |
| Received during the quarter |
: |
9 |
| Resolved/replied during the quarter |
: |
9 |
| Unresolved at the end of the quarter since resolved |
: |
NIL |
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| 6. |
The above results have been subjected to “Limited Review” by the statutory auditors of the company |
| 7. |
Previous period/ year figures have been regrouped / recasted wherever necessary, to make them comparable with the current period/ year layout. |
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Place: Trivandrum
Date: July 27th 2009 |
For & On behalf
of the Board,
S T Prabhu
Company Secretary |
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