 |
|
|
|
 |
 |
| Un Audited Financial Results For The Quarter & Nine Months Ended 31 st December 2007 |
(Rs in lakhs) |
| |
|
Consolidated Financials |
Independent Financials |
| S.
No |
Particulars |
Quarter
Ended
(Un Audited) |
Nine Months
Ended
(Un Audited) |
For the
Year Ended
(Audited) |
Quarter
Ended
( Un Audited ) |
Nine Months
Ended
( Un Audited ) |
For the
Year
Ended
(Audited) |
| 31-Dec-07 |
31-Dec-06 |
31-Dec-07 |
31-Dec-06 |
31-Mar-07 |
31-Dec-07 |
31-Dec-06 |
31-Dec-07 |
31-Dec-06 |
31-Mar-07 |
| 1 |
Net Sales / Income from Operations |
1,079.67 |
809.70 |
3,325.75 |
2,342.72 |
3,349.30 |
895.24 |
803.08 |
2,705.46 |
2,277.74 |
3,300.49 |
| 2 |
Other income |
7.67 |
0.95 |
9.93 |
5.14 |
17.09 |
12.36 |
0.95 |
24.30 |
5.08 |
16.48 |
| 3 |
Profit on Sale of Undertaking |
- |
- |
- |
- |
657.68 |
- |
- |
- |
- |
657.68 |
| 4 |
Total income ( 1+2+3 ) |
1,087.34 |
810.65 |
3,335.68 |
2,347.86 |
4,024.07 |
907.60 |
804.03 |
2,729.76 |
2,282.82 |
3,974.64 |
| 5 |
Expenditure |
|
|
|
|
|
|
|
|
|
|
| |
a) ( Increase) / Decrease in stock in trade and Work In Progress |
(2.76) |
0.04 |
(47.73) |
(11.12) |
5.39 |
(2.76) |
0.04 |
(47.73) |
(11.13) |
5.16 |
| |
b) Consumption of Raw Materials |
227.05 |
41.53 |
813.33 |
371.41 |
343.42 |
251.77 |
79.23 |
825.21 |
386.04 |
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 |
343.72 |
227.40 |
944.27 |
666.13 |
989.14 |
261.26 |
214.07 |
723.08 |
631.18 |
945.16 |
| |
e) Depreciation |
62.58 |
33.94 |
166.75 |
98.52 |
139.62 |
28.72 |
33.94 |
80.85 |
98.52 |
139.62 |
| |
f) Other Expenditure |
224.76 |
207.36 |
724.32 |
569.92 |
883.11 |
142.22 |
201.19 |
489.98 |
553.02 |
857.87 |
| |
g) Total Expenditure |
912.55 |
675.87 |
2,790.49 |
1,958.93 |
2,938.58 |
725.56 |
669.31 |
2,240.36 |
1,895.24 |
2,879.31 |
| 6 |
Interest |
41.96 |
33.96 |
124.34 |
89.25 |
131.95 |
41.19 |
33.97 |
122.42 |
89.25 |
124.57 |
| 7 |
Exceptional Items |
- |
- |
- |
- |
453.37 |
- |
- |
- |
- |
453.37 |
| 8 |
Profit (+) / Loss (-) from Ordinary Activities
Before tax (4)-(5+6+7) |
132.83 |
100.82 |
420.85 |
299.68 |
500.17 |
140.84 |
100.75 |
366.99 |
298.33 |
517.39 |
| 9 |
Minority interest |
(3.52) |
(0.01) |
(1.61) |
(0.26) |
(4.37) |
- |
- |
- |
- |
- |
| 10 |
Tax Expense |
92.13 |
21.45 |
164.65 |
21.17 |
85.85 |
71.90 |
9.63 |
114.97 |
21.17 |
85.58 |
| |
a. Current Tax |
17.75 |
14.75 |
49.52 |
14.47 |
50.02 |
15.96 |
8.10 |
41.58 |
14.47 |
49.75 |
| |
b. Deferred Tax |
73.02 |
0.78 |
107.79 |
0.78 |
22.39 |
55.09 |
(0.36) |
68.17 |
0.78 |
22.39 |
| |
c. Fringe Benefit Tax |
1.37 |
5.92 |
7.34 |
5.92 |
13.44 |
0.85 |
1.89 |
5.22 |
5.92 |
13.44 |
| 11 |
Net Profit (+) / Loss (-) from ordinary activities
after tax ( 8-9-10) |
44.22 |
79.38 |
257.82 |
278.77 |
418.70 |
68.94 |
91.12 |
252.02 |
277.16 |
431.81 |
| 12 |
Extraordinary Items ( Net of Tax Expense ) |
|
|
|
|
|
|
|
|
|
|
| 13 |
Net Profit (+) / Loss (-) for the period ( 11-12) |
44.22 |
79.38 |
257.82 |
278.77 |
418.70 |
68.94 |
91.12 |
252.02 |
277.16 |
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) |
0.38 |
0.71 |
2.32 |
2.51 |
(2.19) |
0.62 |
0.82 |
2.26 |
2.49 |
(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) |
0.38 |
0.71 |
2.32 |
2.51 |
3.77 |
0.62 |
0.82 |
2.26 |
2.49 |
3.89 |
| 17 |
Public Shareholding |
|
|
|
|
|
|
|
|
|
|
| |
No.of shares |
|
|
4,566,463 |
4551463 |
4,566,463 |
|
|
4,566,463 |
4551463 |
4,566,463 |
| |
% to total capital |
|
|
41.37% |
41.24% |
41.37% |
|
|
41.37% |
41.24% |
41.37% |
| 1. |
The results for the quarter ended December 31, 2007 have been taken on record at the Board of Directors in its meeting held on January 28, 2008 |
| 2. |
Auditors have carried out the Limited Review audit of the Financial results for the quarter ended 31st December 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 of India |
| 4. |
Consolidated Accounts for the Quarter Includes the Results of the following subsidiary companies
M/s Accel Academy Limited - 100% Subsidiary
M/s Accel North America Inc. - 100% Subsidiary
M/s Accel Solutions Japan Corporation - 75% Subsidiary
|
| 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 the year ended 31 st March 2007 / Quarter ended 31st December 2006 of the company includes the operations of the Training Division, Whereas for the current year these operations are included in the consolidated results only considering the transfer of Training division to a subsidiary as referred to in (5) a, above |
| 5(c) |
The Consolidated Results include the results of Accel North America Inc( ANAI ). for the period ended 31.12.2007. ANAI has its registration formalities completed on 18.10.2007 and the company is yet to start generating revenues |
| 5(d) |
The company has installed the Motion Capture Studios at KINFRA Animation SEZ, Trivandrum and the trial runs have started.A new animation studio is being commissioned in the fourth quarter as an STPI unit at T. Nagar, Chennai. |
| 6. |
Previous year / Quarter figures have been regrouped / recasted wherever necessary, to make them comparable with current period layout. |
| 7. |
The company is in the process of completing the process of issuing preferential warrants convertible into equity shares. The company has received Rs. 84.15 Lacs towards share application money towards the same. The proceeds have been used for working capital requirements and fixed assets purchase. The inprinciple approval from Bombay Stock |
| 8. |
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:Chennai
Date : January 28, 2008 |
For & On behalf
of the Board,
S T Prabhu
Director |
|
| |
|
|
| |
|
Segmentwise Revenue & Results |
| S.No |
Particulars |
For the Quarter Ended 31 st December |
For the Nine Months Ended 31 st December |
For the Year Ended 31 st March |
| 2007 |
2006 |
2007 |
2006 |
2007 |
| 1 |
Revenue by Industry segment |
|
|
|
|
|
| |
Systems & Services |
606.10 |
401.32 |
1,838.93 |
1,026.50 |
1,585.37 |
| |
Training |
- |
169.84 |
- |
635.49 |
807.95 |
| |
Software Services |
239.85 |
232.73 |
806.63 |
718.87 |
967.67 |
| |
Animation |
96.03 |
43.78 |
190.22 |
48.70 |
150.41 |
| |
Others |
6.24 |
- |
6.29 |
- |
663.30 |
| |
TOTAL |
948.22 |
847.67 |
2,842.06 |
2,429.55 |
4,174.71 |
| |
Less : Inter - segment revenue |
- |
- |
|
|
|
| |
Net Revenue from Operations |
948.22 |
847.67 |
2,842.06 |
2,429.55 |
4,174.71 |
| 2 |
Segment profit before tax, interest, |
|
|
|
|
|
|
|
|
|
|
|
|
|
Systems & Services |
111.81 |
86.69 |
343.69 |
138.91 |
195.92 |
|
Training |
- |
13.45 |
- |
115.55 |
102.07 |
|
Software Services |
33.35 |
22.55 |
122.86 |
181.40 |
167.34 |
|
Animation |
57.88 |
24.91 |
65.23 |
7.08 |
59.22 |
|
Others |
- |
- |
- |
- |
567.37 |
| |
TOTAL |
203.04 |
147.60 |
531.79 |
442.93 |
1,091.93 |
| |
Less : Interest ( Net ) |
35.80 |
33.42 |
105.30 |
88.31 |
121.17 |
| |
Other un-allocable expenditure |
26.40 |
15.43 |
59.49 |
58.30 |
453.37 |
| |
(excluding un-allocable income) |
|
|
|
|
|
| |
Total Profit / ( Loss ) before tax |
140.84 |
98.75 |
366.99 |
296.33 |
517.39 |
| 3 |
Capital Employed |
|
|
|
|
|
|
Segment Assets - Segment Liabilities |
|
|
|
|
|
|
Systems & Services |
491.41 |
820.01 |
491.41 |
820.01 |
788.80 |
|
Training * |
- |
137.02 |
- |
137.02 |
- |
|
Software Services |
213.59 |
257.48 |
213.59 |
257.48 |
219.66 |
|
Animation |
152.56 |
(547.18) |
152.56 |
(547.18) |
47.32 |
| |
Total |
857.56 |
667.33 |
857.56 |
667.33 |
1,055.78 |
Note: Training Division has been floated as a 100% subsidiary effective 30.03.2007 Hence the Current year figures are not indicated in the segment results. The Above Segment reporting is only for the stand alone operations of the company. |
| |
|
|
