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 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%


Notes:
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.