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 & Nine Months Ended 30th September 2008 (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)
30-09-08 30-09-07 30-09-08 30-09-07 31-3-08 30-09-08 30-09-07 30-09-08 30-09-07 31-03-08
1 Net Sales / Income from Operations 1,211.06 1,198.45 2,134.17 2,246.17 4,599.82 1,060.98 940.25 1,959.39 1,810.32 3,736.40
2 Other income 17.28 1.70 23.89 2.26 63.06 1.58 6.17 4.54 11.94 61.19
3 Profit on Sale of investment / Undertaking - - - - 657.68 - - - - 306.00
4 Total income ( 1+2+3 ) 1,228.34 1,200.15 2,158.06 2,248.43 5,012.50 1,062.56 946.42 1,963.93 1,822.26 4,103.59
5 Expenditure                    
  a) ( Increase) / Decrease in stock in trade and Work In Progress 22.26 (24.46) 32.36 (44.98) (35.13) 22.26 (24.46) 32.36 (44.98) (35.13)
  b) Consumption of Raw Materials 169.58 337.10 339.00 529.09 740.77 144.75 337.11 339.00 529.09 755.29
  c) Purchase of Traded Goods 238.04 57.20 333.39 189.55 663.28 169.38 44.35 263.79 168.97 631.82
  d) Employees Cost 441.11 314.49 835.24 600.55 1,370.54 397.11 242.38 774.64 461.81 1,032.56
  e) Depreciation 51.02 54.96 101.07 104.17 259.73 51.02 27.07 101.07 52.13 140.43
  f) Other Expenditure 220.30 261.60 454.27 499.65 1,376.96 205.06 172.55 419.25 347.86 919.98
  g) Total Expenditure 1,142.31 1,000.89 2,095.33 1,878.03 4,376.15 989.58 799.00 1,930.11 1,514.88 3,444.95
6 Interest 91.36 44.26 166.27 82.38 249.84 89.30 43.82 163.49 81.23 224.12
7 Exceptional Items -
-
-
-
38.09 -
-
-
-
38.09
8 Profit (+) / Loss (-) from Ordinary Activities
Before tax (4)-(5+6+7)
(5.33) 155.00 (103.54) 288.02 348.42 (16.32) 103.60 (129.67) 226.15 396.43
9 Tax Expense 3.85 40.58 (17.21) 72.51 141.10 3.42 19.23 (17.64) 43.07 96.08
  a. Current Tax 0.44 20.48 0.44 31.77 50.53 - 16.16 - 25.63 50.33
  b. Deferred Tax - 17.43 (23.53) 34.77 69.61 - 1.46 (23.53) 13.07 27.12
  c. Fringe Benefit Tax 3.41 2.67 5.88 5.97 12.48 3.42 1.61 5.89 4.37 10.15
  c. Taxes of earlier Years written off



8.48



8.48
10. Minority interest 3.46 2.42 3.38 1.91 0.33



-
11 Net Profit (+) / Loss (-) from ordinary activities
after tax ( 8-9-10)
(12.64) 112.00 (89.71) 213.60 206.99 (19.74) 84.37 (112.03) 183.08 300.35
12 Extraordinary Items ( Net of Tax Expense )



-



-
13 Net Profit (+) / Loss (-) for the period ( 11-12) (12.64) 112.00 (89.71) 213.60 206.99 (19.74) 84.37 (112.03) 183.08 300.35
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 Extraordi -nary Items for the period, for the Year to date and for the Previous Year (not to be Annualized) (0.11) 1.03 (0.79) 1.92 1.84 (0.18) 0.76 (1.02) 1.65 2.69
  b) Basic and diluted EPS after Extraordi -nary Items for the period , for the Year to date and for the Previous Year (not to be Annualized) (0.11) 1.03 (0.79) 1.92 1.84 (0.18) 0.76 (1.02) 1.65 2.69
17 Public Shareholding









   No.of shares

4,569,463 4,566,463 4,719,911

4,569,463 4,566,463 4,719,911
  % to total capital

41.40% 41.37% 42.76%

41.40% 41.37% 42.76%


Notes:
1.

The results for the quarter ended September 30th 2008 have been taken on record at the Board of Directors in its meeting held on October 31st 2008.

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.

 
i)M/s Accel North America Inc. -100% subsidiary;
ii)M/s Accel Solutions Japan Inc. – 75% subsidiary;

The income and expenditure for the year ended 31.03.2008 and quarter ended 30.09.2007 includes operations of the Erstwhile Indian Subsidiary M/s Accel Academy Limited for the period up to 24.03.2008 on which date 51% of the companies holding in that company was divested. Proportionate share of Profit of that company has been considered in the consolidated financial statements for the quarter-ended 30.09.2008 as per AS 23 0f the Companies (Accounting Standards) Rules, 2006 under other income.
3.

Company has so far Invested Rs. 18.30 Crores in its Animation Division and all the units in animation division are operational as on 30th September 2008. As a result of this there has been substantial increase in depreciation and interest costs.

4.

a) The investors who have subscribed to 25,50,000 convertible warrants at a price of Rs.33/- per warrant and have paid 10% of the amount equivalent to Rs.84.15 lacs have not yet exercised their option to convert the same into Equity Shares by paying the balance amount as per the terms of the issue. They are eligible to exercise this option on or before May 2009

b) The Company had redeemed its convertible preference shares (210000) on 15.05.2008.

5 Information on Investor complaints (numbers)

Pending at the beginning of the quarter                   : Nil
Received during the quarter                                    : 16
Resolved / replied during the quarter                       : 16
Unresolved at the end of the quarter since resolved   : Nil
6.

The above results have been subjected to “Limited Review” by the statutory auditors of the company.

7. Previous year/quarter figures have been regrouped / recasted wherever necessary, to make them comparable with the current period layout.
 
Place:Chennai
Date : January 28, 2008

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