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 2009
  Rs. In Lacs
Consolidated Financials Independent Financials
Sl. No. Particulars Quarter Ended
( Audited )
Twelve Months Ended
( Audited )
Quarter Ended
( Audited )
Twelve Months Ended
( Audited )
31-Mar-09 31-Mar-08 31-Mar-09 31-Mar-08 31-Mar-09 31-Mar-08 31-Mar-09 31-Mar-08
1 Net Sales / Income from Operations 874.43 1,274.07 3,892.08 4,599.82 781.20 1,030.94 3,593.09 3,736.40
2 Profit on Sale of Investment / Undertaking - 349.63 - 349.63 - 306.00 - 306.00
3 Total income ( 1+2 ) 874.43 1,623.70 3,892.08 4,949.45 781.20 1,336.94 3,593.09 4,042.40
4 Expenditure 929.72 1,056.89   5,012.50 901.37 863.83   4,103.59
  a) ( Increase) / Decrease in stock in trade and Work In Progress (180.49) 12.60 (217.43) (35.13) (180.49) 12.60 (217.43) (35.13)
  b) Consumption of Raw Materials 82.02 (72.56) 568.80 740.77 82.02 (69.92) 568.80 755.29
  c) Purchase of Traded Goods 165.55 473.73 662.53 663.28 153.30 462.85 577.08 631.82
  d) Employees Cost 495.39 426.27 1,796.21 1,370.54 420.93 309.49 1,609.18 1,032.56
  e) Depreciation 83.37 92.98 250.36 259.73 83.37 59.58 250.36 140.43
  f) Other Expenditure 363.72 652.64 1,028.00 1,376.96 299.55 429.99 921.69 919.97
  g) Total Expenditure 1,009.56 1,585.66 4,088.47 4,376.15 858.68 1,204.59 3,709.68 3,444.94
5 Interest 98.07 125.51 357.73 249.85 96.61 101.70 349.40 224.13
6
Exceptional Items 68.51 38.09 68.51 38.09 68.51 38.09 68.51 38.09
7
Profit (+) / Loss (-) from Ordinary Activities Before tax (3)-(4+5+6) (301.71) (125.56) (622.63) 285.36 (242.60) (7.44) (534.50) 335.24
8 Tax Expense 5.89 (23.56) (6.91) 141.09 6.01 (18.89) (8.23) 96.08
  a. Current Tax (0.12) 1.01 1.32 50.53 - 8.75 - 50.33
  b. Deferred Tax - (38.20) (23.53) 69.59 - (41.05) (23.53) 27.12
  c. Fringe Benefit Tax 6.01 5.15 15.30 12.49 6.01 4.93 15.30 10.15
  d. Taxes of earlier Years written off - 8.48 - 8.48 - 8.48 - 8.48
9 Minority interest (0.99) 1.94 (0.33) 0.33 - - - -
10 Net Profit (+) / Loss (-) from ordinary activities after tax ( 8-9-10) (306.61) (103.94) (615.39) 143.94 (248.61) 11.45 (526.27) 239.16
11 Other Income 78.41 53.13 102.64 63.06 78.34 36.89 83.44 61.19
12 Extraordinary Items ( Net of Tax Expense ) - - - - -
- -
13 Net Profit (+) / Loss (-) for the period ( 11-12) (228.20) (50.81) (512.75) 207.00 (170.27) 48.34 (442.83) 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
15 Reserves Excluding Revaluation Reserves as per Balance Sheet of Previous Accounting Year


17.83

- 17.83
  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) (1.73) 0.38 (4.54) 1.84 (1.90) 0.62 (3.92) 2.69

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) (2.47) 0.38 (4.65) 1.84 (1.95) 0.62 (4.02) 2.69
17 Public Shareholding

 


 

No.of shares

4,445,949 4,719,911

4,445,949 4,719,911

% to total capital

40.28% 42.76%

40.28% 42.76%


Notes:
1.

The results for the quarter & year ended 31st March 2009 have been taken on record at the Board of Directors in its meeting held on 25th May 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.

 
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 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 loss of that company has been considered in the consolidated financial statements for the quarter & year ended 31.03.2009 as per AS 23 0f the Companies (Accounting Standards) Rules, 2006 under other expenditure.
3. Company has so far incurred a net expenditure of Rs. 24.35 Crores in its Animation Division till 31.03.2009 and accordingly, there has been substantial increase in depreciation and interest costs.
4.

a) The investors who have subscribed to issue of 25,50,000 convertible warrants at a price of Rs.33/- per warrant on a preferential basis and have paid 10% of the amount equivalent to Rs.84.15 lacs as per the terms of the issue 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 the 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 : 4
Resolved/replied during the quarter : 4
Unresolved at the end of the quarter since resolved : NIL
6. 4)Previous year/quarter figures have been regrouped / recasted wherever necessary, to make them comparable with the current period layout.
 
Place: Chennai
Date : 25.05.2009
For and on behalf of the Board
S T Prabhu
Company Secretary.

SEGMENTWISE REVENUE & RESULTS
(Rs in lakhs)
Sl.No Particulars
For the Year Ended 31st March For the Quarter Ended 31st March
2009 2008 2009 2008
1 Revenue by Industry segment
Systems & Services 1892.91 2544.22 369.44 643.80
Software Services 1124.56 1039.91 250.45 233.29
Animation 604.70 213.84 190.28 23.62
Others 3.55 312.29 (0.99) 306.00
Net Revenue from Operations 3,625.72 4,110.26 809.18 1,206.71
Less : Inter - segment revenue - -   -
Net Revenue from Operations 898.44 858.06   4,110.26
2 Segment profit before tax, interest,
Systems & Services 117.90 346.43 (50.46) 2.75
Software Services 224.19 141.24 7.52 18.37
Animation (242.52) (23.26) 87.84 (88.49)
Others (140.03) 232.62 (140.03) 232.63
TOTAL (40.46) 697.03 (95.13) 165.26
Less : Interest ( Net ) 342.09 203.60 93.72 98.31
Other un-allocable expenditure 68.51 97.00 (24.58) 37.50
(excluding un-allocable income)

 
Total Profit / ( Loss ) before tax (451.06) 396.43 (164.27) 29.45
3 Capital Employed

 
Segment Assets - Segment Liabilities

 
Systems & Services 509.83 489.76 509.83 489.76
Software Services 481.50 198.22 481.50 198.22
Animation 849.52 561.21 849.52 561.21
Total 1,840.85 1,249.19 1,840.85 1,249.19
4 Revenue by Geography Segment

 


Inside India 2,073.23 2,918.61 370.84 967.79
Outside India 1,552.49 1,191.65 438.34 238.92
Capital employed as also Assets and Liabilities of the Company are not capable of being stated separately geographically since all the assets and liabilities are held under composite undertaking for both the geographic segments.