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

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








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%
Notes:
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
 
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




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

  Note: Training services has been transferred to a seperate company and hence are not reflected in the current year Figures.
   
    - sd
    S.T. PRABHU
    DIRECTOR & COMPANY SECRETARY.