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| Audited Financial Results For The Quarter & Year Ended 31 st March 2008 |
(Rs in lakhs) |
|
|
Independent Financials |
Consolidated Financials |
| Sl. 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 |
| 31/3/2008 |
31/3/2007 |
31/3/2008 |
31/3/2007 |
31/3/2008 |
31/3/2007 |
31/3/2008 |
31/3/2007 |
|
|
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
| 1 |
Net Sales/Income from Operations |
1205.95 |
1006.58 |
4351.70 |
3349.30 |
867.20 |
1022.75 |
3578.25 |
3300.49 |
| 2 |
Other income |
53.13 |
11.96 |
63.06 |
17.10 |
36.89 |
11.40 |
61.19 |
16.48 |
| 3 |
Profit on Sale of Investments / Undertaking |
349.63 |
657.68 |
349.63 |
657.68 |
306.00 |
657.68 |
306.00 |
657.68 |
| 4 |
Total Income
(1+2+3) |
1,428.71 |
1,676.21 |
4,764.39 |
4,024.07 |
1,210.09 |
1,691.82 |
3,945.44 |
3,974.64 |
| 5 |
Expenditure |
|
|
|
|
|
|
|
|
|
a) ( Increase) / Decrease in stock in trade and Work In Progress |
12.60 |
16.28 |
(35.13) |
5.39 |
12.60 |
16.29 |
(35.13) |
5.16 |
|
b) Consumption of Raw Materials |
133.89 |
120.25 |
739.53 |
343.42 |
139.33 |
167.01 |
755.29 |
343.42 |
|
c) Purchase of Traded Goods |
267.00 |
165.59 |
663.00 |
577.90 |
253.61 |
140.84 |
631.82 |
588.08 |
|
d) Employees Cost |
414.24 |
323.01 |
1,358.50 |
989.14 |
309.49 |
313.99 |
1,032.56 |
945.16 |
|
e) Depreciation |
92.98 |
41.09 |
259.73 |
139.62 |
59.58 |
41.10 |
140.43 |
139.62 |
|
f) Other Expenditure |
416.30 |
313.42 |
1,140.62 |
883.11 |
266.25 |
304.85 |
761.82 |
857.87 |
|
g) Total Expenditure |
1,337.01 |
979.65 |
4,126.25 |
2,938.58 |
1,040.86 |
984.07 |
3,286.80 |
2,879.31 |
| 6 |
Interest |
125.76 |
42.70 |
250.11 |
131.95 |
101.70 |
35.32 |
224.12 |
124.57 |
| 7 |
Exceptional Items |
38.09 |
453.37 |
38.09 |
453.37 |
38.09 |
453.37 |
38.09 |
453.37 |
| 8 |
Profit (+) / Loss (-) from Ordinary Activities Before tax (4)-(5+6+7) |
(72.15) |
200.49 |
349.93 |
500.17 |
29.44 |
219.06 |
396.43 |
517.39 |
| 9 |
Minority interest |
1.95 |
(4.11) |
0.33 |
(4.37) |
- |
- |
- |
- |
| 10 |
Tax Expense |
(23.56) |
21.45 |
141.09 |
85.85 |
(18.88) |
9.63 |
96.08 |
85.58 |
| |
a. Current Tax |
1.02 |
14.75 |
50.53 |
50.02 |
8.75 |
8.10 |
50.33 |
49.75 |
| |
b. Deferred Tax |
(38.20) |
0.78 |
69.59 |
22.39 |
(41.04) |
(0.36) |
27.12 |
22.39 |
| |
c. Fringe Benefit Tax |
5.14 |
5.92 |
12.48 |
13.44 |
4.93 |
1.89 |
10.15 |
13.44 |
| |
c. Taxes of earlier Years written off |
8.48 |
- |
8.48 |
- |
8.48 |
- |
8.48 |
- |
| 11 |
Net Profit (+) / Loss (-) from ordinary activities after tax ( 8-9-10) |
(50.55) |
183.15 |
208.51 |
418.70 |
48.32 |
209.43 |
300.35 |
431.81 |
| 12 |
Net Profit (+) / Loss (-) for the period ( 11-12) |
(50.55) |
183.15 |
208.51 |
418.70 |
48.32 |
209.43 |
300.35 |
431.81 |
| 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 |
1,103.74 |
1,103.74 |
| 14 |
Reserves Excluding Revaluation Reserves as per Balance Sheet of Previous Accounting Year |
|
|
17.83 |
17.83 |
- |
- |
17.83 |
17.83 |
| 15 |
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 be Annualized) |
(3.61) |
0.71 |
(0.90) |
(2.19) |
(1.98) |
0.82 |
(0.08) |
(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 be Annualized) |
(0.46) |
0.71 |
1.85 |
3.77 |
0.77 |
0.82 |
2.67 |
3.89 |
| |
a) Basic EPS before Extraordinary Items for the period , for the Year to date and for the Previous Year (not to be Annualized) |
(3.63) |
0.71 |
(0.91) |
(2.19) |
(2.00) |
0.82 |
(0.08) |
(2.07) |
| |
b) Basic EPS after Extraordinary Items for the period , for the Year to date and for the Previous Year (not to be Annualized) |
(0.46) |
0.71 |
1.86 |
3.77 |
0.78 |
0.82 |
2.69 |
3.89 |
| 16 |
Public Shareholding |
|
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|
|
|
|
|
|
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No.of shares |
|
|
4,719,911 |
4,566,463 |
|
|
4,719,911 |
4,566,463 |
|
% to total capital |
|
|
42.76% |
41.37% |
|
|
42.76% |
41.37% |
| 1. |
The results for the quarter and year ended March 31,2008 have been taken on record at the Board of Directors in its meeting held on June 9, 2008. |
| 2. |
Consolidated Accounts for the quarter and year end includes the results of the following subsidiary / Associate companies incorporated as per AS 21 & AS 23 of the Companies ( Accounting Standards ) Rules ,2006. |
| |
| 1 |
M/s Accel North America Inc. -100% subsidiary; |
| 2 |
M/s Accel Solutions Japan Inc. – 75% subsidiary; |
| 3 |
M/s Accel Academy Limited – 49% Associate * |
|
| |
* The above company was a 100% subsidiary upto 24.03.2008, on which date 51% of the shares were divested and hence the company ceased to be subsidiary and became an associate company. The income and expenditure of the Indian Subsidiary for the period upto 24.03.2008 has been consolidated on a line by line basis . Proportionate share of loss in Associate Company from 24th March 2008 to 31st March 2008 has been included in consolidated results |
| 3. |
a) The independent Financials for the year/ Quarter ended 31st March, 2008 do not include the results of the operations of training division hived off during the previous year and hence is not comparable as such with the previous year/quarter ended on that date.
b)Accel north America Inc ( ANAI ) is yet to start generating revenues. |
| 4. |
Previous year/quarter figures have been regrouped/recasted wherever necessary, to make them comparable with the current period layout. |
| 5. |
The company has received in principle approval for issue of 25,50,000 warrants at a price of Rs.33/- per warrant which shall be converted to equity share in the ratio of 1:1. The company has received Rs. 84.15 Lacs during the year |
| 6. |
Information on Investor complaints(numbers) |
| |
| Pending at the beginning of the quarter |
: |
NIL |
| Received during the quarter |
: |
21 |
| Resolved/replied during the quarter |
: |
21 |
| Unresolved at the end of the quarter since resolved |
: |
NIL |
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Place: Trivandrum
Date : June 09, 2008 |
By the order of the Board
S T Prabhu
Director |
|
| SEGMENTWISE REVENUE
& RESULTS |
(Rs in lakhs) |
| Sl.No |
Particulars |
For the Quarter Ended
31st March |
For the Year ended 31 st March |
| 2008 |
2007 |
2008 |
2004 |
| 1 |
Revenue by Industry segment |
|
|
|
|
|
Systems & Services |
705.29 |
558.88 |
2544.23 |
1,585.37 |
|
Training |
0.00 |
172.46 |
0.00 |
807.95 |
|
Software Services |
233.28 |
248.80 |
1039.91 |
967.67 |
|
Animation |
23.62 |
101.71 |
213.84 |
150.41 |
|
Others |
306.00 |
663.30 |
312.29 |
663.30 |
|
TOTAL |
1,268.19 |
1,745.15 |
4,110.26 |
4,174.71 |
|
Less : Inter - segment revenue |
- |
- |
- |
- |
|
Net Revenue from Operations |
1,268.19 |
1,745.15 |
4,110.26 |
4,174.71 |
| 2 |
Segment profit before tax, interest, |
|
|
|
|
|
Systems & Services |
2.74 |
57.02 |
346.43 |
195.92 |
|
Training |
0.00 |
(13.48) |
0.00 |
102.07 |
|
Software Services |
18.37 |
(14.05) |
141.24 |
167.34 |
|
Animation |
(88.49) |
52.15 |
(23.26) |
59.22 |
|
Others |
232.63 |
567.37 |
232.63 |
567.37 |
|
TOTAL |
165.25 |
649.00 |
697.03 |
1,091.93 |
|
Less : Interest ( Net ) |
98.31 |
32.86 |
203.61 |
121.17 |
|
Other un-allocable expenditure |
37.50 |
395.07 |
97.00 |
453.37 |
|
(excluding un-allocable income) |
|
|
|
|
| |
Total Profit / ( Loss ) before tax |
29.45 |
221.06 |
396.43 |
517.39 |
| 3 |
Capital Employed |
|
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|
|
Segment Assets - Segment Liabilities |
|
|
|
|
|
Systems & Services |
489.76 |
788.80 |
489.76 |
788.80 |
|
Training * |
0.00 |
0.00 |
0.00 |
- |
|
Software Services |
198.22 |
219.66 |
198.22 |
219.66 |
|
Animation |
561.21 |
47.32 |
561.21 |
47.32 |
|
Total |
1,249.19 |
1,055.78 |
1,249.19 |
1,055.78 |
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Note: Training services has been transferred to a seperate company and hence are not reflected in the current year Figures. |
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- sd |
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S.T. PRABHU |
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DIRECTOR & COMPANY SECRETARY. |
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