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Investor
Relations
[BACKGROUND] [ANNUAL
REPORTS] [SHARE
HOLDING PATTERN] [FINANCIAL
RESULTS] [OTHER
REPORTS]
Financial
Results :
Quarter
ended June 30, 2003
Quarter ended March 31, 2003
Quarter ended December 31, 2002
Quarter
ended September 30, 2002
Quarter
ended June 30, 2002
Quarter
ended March 31, 2002
Quarter ended December 31, 2001
Quarter
ended September 30, 2001
Quarter
ended September 30, 2001
Unaudited
Financial Results for the 3rd Quarter and nine months ended
31st December 2001
| |
UNAUDITED |
AUDITED
|
| |
Quarter
Ended 31.12.2001 |
Quarter
Ended 31.12.2000 |
Nine
months ended 31.12.2001 |
Nine
months ended 31.12.2000 |
|
| 1. |
Net
Sales/Income from operations |
103.35 |
133.94 |
361.24 |
376.53 |
515.20 |
| 2. |
Other
Income |
1.40 |
1.73 |
5.08 |
4.28 |
8.42 |
| 3. |
Total
Income |
104.75 |
135.67 |
366.32 |
380.81 |
523.62 |
| 4. |
Total
Expenditure |
102.64 |
119.40 |
342.98 |
347.04 |
468.78 |
| a) |
(Increase)/Decrease
in stock in trade |
(2.04) |
(1.24) |
9.24 |
(0.18) |
(4.73) |
| b) |
Consumption
of raw materials |
20.80 |
34.32 |
73.78 |
92.84 |
130.22 |
| c) |
Staff
Cost |
29.54 |
25.97 |
91.53 |
79.98 |
106.52 |
| d) |
Overseas
Business expenses |
24.58 |
35.06 |
85.98 |
101.98 |
136.86 |
| e) |
Other
expenditure |
29.76 |
25.29 |
82.45 |
72.42 |
99.91 |
| 5. |
Interest |
0.27 |
0.82 |
1.02 |
2.27 |
3.00 |
| 6. |
Depreciation |
3.99 |
5.26 |
12.21 |
13.58 |
17.70 |
| 7. |
Profit
/ (Loss) before Tax |
(2.15) |
10.19 |
10.11 |
17.92 |
34.14 |
| 8. |
Provision
for Taxation ( Net) |
(4.35) |
1.81 |
(3.47) |
3.97 |
7.60 |
| 9. |
Net
Profit After all Taxes |
2.20 |
8.38 |
13.58 |
13.95 |
26.54 |
| 10. |
Paid-up
Equity Share Capital |
18.38 |
18.38 |
18.38 |
18.38 |
18.38 |
| 11. |
Reserves
excluding revaluation reserves |
- |
- |
- |
- |
157.48 |
| 12. |
Basic
& Diluted EPS |
1.20 |
4.56 |
7.39 |
7.59 |
14.44 |
| 13. |
Aggregate
of non-promoter�s share holding No. of shares |
4641737 |
N.A. |
4641737 |
N.A. |
N.A. |
| |
% of
shareholding |
25.25 |
N.A. |
25.25 |
N.A. |
N.A. |
Segment
wise Revenue, Results and Capital employed for the Quarter
and Nine months ended 31st December, 2001
| |
Quarter
Ended 31.12.2001 |
Nine
months ended 31.12.2001 |
| 1.
Segment Revenue a.
System Integration & Services
b. Manufacturing Services
c. Education Services
Net Sales/Income from Operations |
85.51
9.45
8.39
103.35 |
307.30
28.96
24.98
361.24 |
| 2.
Segment Results* a.
System Integration & Services
b. Manufacturing Services
c. Education Services
Total
Less : Interest
Less: Unallocable expenditure net of unallocable
income
* Total Profit / (Loss) before Tax
* The segment results need to be viewed
in the context of unallocable expenditure of Rs.
5.88 crores (gross) and Rs. 18.94 crores (gross)
for the quarter and nine months ended December
31, 2001 respectively, relating to the three segments.
|
(0.75)
3.62
(0.27)
2.60
0.27
4.48
(2.15) |
15.16
13.46
(3.63)
24.99
1.02
13.86
10.11 |
| 3.
Segment Capital Employed a.
System Integration & Services
b. Manufacturing Services
c. Education Services
Total Segment Capital Employed |
143.27
10.84
(3.49)
150.62 |
143.27
10.84
(3.49)
150.62 |
|
Notes :
-
The Company's
revenue and profitability were impacted severely in the
quarter under review by a greater than anticipated slowdown
in its business. This trend is expected to continue for
the rest of the financial year. The results of increased
marketing efforts in the USA and Europe as well as major
cost reduction measures are expected to be reflected in
the Company's performance only in the next financial year.
-
For the
nine months ended December 31, 2001, Total Income declined
to Rs. 366.32 crores from Rs. 380.81 crores in the previous
year and Net Profit declined to Rs. 13.58 crores from
Rs. 13.95 crores. In the quarter ended December 31, 2001,
Total Income declined to Rs. 104.75 crores from Rs. 135.67
crores in the previous year, and Net Profit declined to
Rs. 2.20 crores from Rs. 8.38 crores.
-
Other expenditure
includes provision for bad and doubtful debts of Rs. 5.36
crores (net) for the quarter ended December 31, 2001 (previous
year's quarter : Rs. 2.46 crores-net ), and Rs. 11.62
crores (net) for the nine months ended December 31, 2001,
(previous year's nine months : Rs. 5.85 crores - net).
-
In accordance
with the new Accounting Standard AS 22 relating to "Accounting
for Taxes on Income", the company has recorded deferred
tax credits for the quarter and nine months ended December
31, 2001 amounting to Rs. 1.20 crores and Rs. 3.06 crores
respectively. Since this standard has become mandatory
from April 1, 2001, figures for the previous period have
not been recast.
-
Provision
for taxation for the quarter and nine months ended December
31, 2001 is net of Rs. 2.10 crores and Rs. 6.30 crores
respectively pertaining to overseas tax written back for
prior years. The comparable figures for overseas tax written
back for the quarter and nine months ended December 31,
2000 amounted to Rs. 1.56 crores and Rs. 3.67 crores respectively.
In view of the decrease in profits, the company has also
reversed Rs. 1.30 crores of the provision for overseas
tax made for the half-year ended September 30, 2001.
-
Figures
for the previous period have been re-grouped wherever
necessary.
-
The above
unaudited results have been taken on record by the Board
of Directors at the meeting held on January 24, 2002.
| Place
: Mumbai
Date : 24th January, 2002 |
For and
on behalf of the Board of Director
Dr. Nirmal Jain
Managing Director |
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