Investors

Quarterly results – I & three months ended - 30 - 06 - 11
Quarterly results – IV & 12 months ended - 31 - 03 - 11
Quarterly results – III & 9 months ended - 31 - 12 - 10

Quarterly results – II & half year ended - 30 - 09 - 10

Quarterly results – I & three months ended - 30 - 06 - 10
Quarterly results – IV & 12 months ended - 31 - 03 - 10
Quarterly results – III & 9 months ended - 31 - 12 - 09
Quarterly results – II & half year ended - 30 - 09 - 09
Quarterly results – I & three months ended - 30 - 06 - 09
Quarterly results – IV & 12 months ended - 31 - 03 - 09
Quarterly results – III & 9 month ended - 31 - 12 - 08
Quarterly results – II & half year ended - 30 - 09 - 08
Quarterly results – I & three months ended - 30 - 06 - 08
Quarterly results – IV & 12 Months ended - 31 - 03 - 08
Quarterly results – III & 9 months ended - 31 - 12 -07
Quarterly results – II & half year ended - 30 - 09 -07
Quarterly results – I & three months ended - 30 - 06 - 07
Quarterly results – IV & 12 Months ended - 31 - 03 - 07
Quarterly results – III & 9 Month ended - 31 - 12 - 06
Quarterly results – II & half year ended - 30 - 09 -06
Quarterly results – I & three month ended 30 - 06 - 06
Quarterly results – IV & 12 months ended 31 - 03 - 06
Quarterly results – III & 9 month ended 31 - 12 - 05
Quarterly results – II & half year ended 30 - 09 - 05
Quarterly results – I & three month ended 30 - 06 - 05

Un Audited Financial Results For The Quarter & Half Year Ended 30 th September 2007 (Rs in lakhs)
    Consolidated Financials Independent Financials
S. No Particulars Quarter
Ended
(Un Audited)
Half Year
Ended
(Un Audited
)
For the
Year Ended
(Audited)
Quarter Ended
( Un Audited )
Half Year Ended
( Un Audited )
For the
Year
Ended
(Audited)
30-Sep07 30-Sep06 30-Sep07 30-Sep06 31-
Mar07
30-Sep07 30-Sep06 30-Sep07 30-Sep06 31-
Mar07
1 Net Sales / Income from Operations 1,198.45 871.84 2,246.17 1,533.03 3,349.30 940.25 835.15 1,810.32 1,474.6 3,300.49
2 Other income 1.70 2.68 2.26 4.18 17.09 6.17 2.62 11.94 4.13 16.47
3 Profit on Sale of Undertaking - - - - 657.68 - - - - 657.68
4 Total income ( 1+2+3 ) 1,200.15 874.52 2,248.43 1,537.21 4,024.07 946.42 837.77 1,822.26 1,478.79 3,974.64
5 Expenditure                    
  a) ( Increase) / Decrease in stock in trade and Work In Progress (24.46) (12.11) (44.98) (11.17) 5.39 (24.46) (12.11) (44.98) (11.17) 5.16
  b) Consumption of Raw Materials 337.10 119.21 529.09 164.29 343.42 337.11 120.89 529.09 165.97 343.42
  c) Purchase of Traded Goods 57.20 165.59 189.55 264.07 577.90 44.35 140.84 168.97 237.61 588.08
  d) Employees Cost 314.49 220.55 600.55 438.73 989.14 242.38 209.77 461.81 417.11 945.16
  e) Depreciation 54.96 33.70 104.17 64.58 139.62 27.07 33.70 52.13 64.58 139.62
  f) Other Expenditure 261.60 202.49 499.65 362.56 883.11 172.55 195.89 347.86 351.83 857.87
  g) Total Expenditure 1,000.89 729.43 1,878.03 1,283.06 2,938.58 799.00 688.98 1,514.88 1,225.93 2,879.31
6 Interest 44.26 27.04 82.38 55.29 131.95 43.82 27.04 81.23 55.28 124.57
7 Exceptional Items - - - - 453.37 - - - - 453.37
8 Profit (+) / Loss (-) from Ordinary Activities
Before tax (4)-(5+6+7)
155.00 118.05 288.02 198.86 500.17 103.60 121.75 226.15 197.58 517.39
9 Minority interest 2.42 0.92 1.91 (0.25) (4.37) - - - - -
10 Tax Expense 40.58 11.83 72.51 11.62 85.84 19.23 (0.48) 43.07 11.55 85.58
  a. Current Tax 20.48 6.65 31.77 6.93 50.02 16.16 - 25.63 6.37 49.75
  b. Deferred Tax 17.43 1.14 34.77 (1.32) 22.38 1.46 (2.46) 13.07 1.14 22.39
  c. Fringe Benefit Tax 2.67 4.04 5.97 6.01 13.44 1.61 1.98 4.37 4.04 13.44
11 Net Profit (+) / Loss (-) from ordinary activities
after tax ( 8-9-10)
112.00 105.30 213.60 187.49 418.70 84.37 122.23 183.08 186.03 431.81
12 Extraordinary Items ( Net of Tax Expense )









13 Net Profit (+) / Loss (-) for the period ( 11-12) 112.00 105.30 213.60 187.49 418.70 84.37 122.23 183.08 186.03 431.81
14 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 1,103.74 1,103.74 1,103.74 1,103.74
15 Reserves Excluding Revaluation Reserves as per Balance Sheet of Previous Acc -ountingYear



17.83 - -

17.83
16 Basic and diluted EPS









  a) Basic and diluted EPS before Extraordinary Items for the period, for the Year to date and for the Previous Year (not to beAnnualized) 1.01 0.95 1.92 1.66 (2.19) 0.76 0.67 1.65 1.00 (2.07)
  b) Basic and diluted EPS after Extraordinary Items for the period , for the Year to date and for the Previous Year (not to beAnnualized) 1.01 0.95 1.92 1.66 3.77 0.76 0.67 1.65 1.00 3.89
17 Public Shareholding









   No.of shares

4,566,463
4,566,463

4,566,463
4,566,463
  % to total capital

41.37%
41.37%

41.37%
41.37%


Notes:
1.

The results for the quarter ended September 30, 2007 have been taken on record at the Board of Directors in its meeting held on October 26, 2007.

2.

Auditors have carried out the Limited Review audit of the Financial results for the quarter ended 30 th September 2007 as required under clause 41 of the listing requirements.

3.

Subsidiary companies accounts are consolidated in accordance with AS 21 issued by the Institute of Chartered Accountants

4.(a)

Consolidated Accounts for the Quarter Includes the Results of the following subsidiary companies
M/s Accel Academy Limited - 100% Subsidiary
M/s Accel Solutions Japan Corporation - 75% Subsidiary


(b)

The company has incorporated its wholly owned subsidiary in California, USA, and it will start commercial operations in the thrid quarter.

5(a) Extraordinary income for the quarter and year ended 31st March 2007 amounting to Rs. 657.68 Lacs represents the profit on transfer of Training division of the company to a Wholly Owned Subsidiary Accel Academy Limited, on a slump sale with effect from 30th March 2007 pursuant to a special resolution of the members.
5(b)
The independent results for this year are not comparable with last year independent results as it does not include the operations of the Training Division. Training division operations are included in the consolidated results .
6.

The company is in the process of setting a Motion Capture facility and an Animation Studio in KINFRA Animation SEZ, Trivandrum and a STPI unit for Animation Divison in Chennai.

7. Previous year / Quarter figures have been regrouped / recasted wherever necessary, to make them comparable with current period layout.
8.
The company is planning to issue Warrants Convertible into Equity Shares on a preferential basis to Stratigic Investors, Business Associates and Promoters.
  Information on Investor complaints (numbers)
Pending at the beginning of the quarter                   : Nil
Received during the quarter                                    : 19
Resolved / replied during the quarter                       : 19
Unresolved at the end of the quarter since resolved   : Nil
 
Place:Chennai
Date : October 26, 2007

For & On behalf of the Board,
S T Prabhu
Director & Company Secretary