|
Investor
Relations
[BACKGROUND] [ANNUAL
REPORTS] [SHARE
HOLDING PATTERN] [FINANCIAL
RESULTS] [OTHER
REPORTS]
Financial
Results:
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
UNAUDITED
FINANCIAL RESULTS� FOR THE QUARTER AND NINE MONTHS ENDED�
31ST DECEMBER� 2002.
|
|
|
Unaudited |
Unaudited |
Audited |
| |
|
Quarter
ended 31.12.2002 |
Quarter
ended 31.12.2001 |
Nine
months ended 31.12.2002 |
Nine
months ended 31.12.2001 |
Year
ended
31.3.2002 |
| 1. |
Net
Sales/Income from operations |
100.96 |
103.17 |
299.76 |
360.70 |
475.10 |
| 2. |
Other
Income |
2.41 |
1.44 |
6.46 |
5.34 |
8.20 |
| 3. |
Total
Income |
103.37 |
104.61 |
306.22 |
366.04 |
483.30 |
| 4. |
Total
Expenditure |
98.35 |
102.50 |
296.80 |
342.70 |
453.94 |
|
|
a)
(Increase)/Decrease in stock in trade |
1.01 |
(1.96) |
(1.17) |
9.43 |
12.43 |
|
|
b)
Consumption of raw materials |
17.06 |
20.71 |
67.03 |
73.59 |
102.47 |
|
|
c)
Staff Cost |
29.99 |
29.54 |
85.45 |
91.53 |
120.05 |
|
|
d)
Overseas Business expenses |
27.43 |
24.65 |
78.54 |
85.52 |
112.10 |
|
|
e)
Other expenditure |
22.86 |
29.56 |
66.95 |
82.63 |
106.89 |
| 5. |
Interest |
0.08 |
0.27 |
0.68 |
1.02 |
1.24 |
| 6. |
Depreciation |
3.12 |
3.99 |
10.10 |
12.21 |
16.06 |
| 7. |
Profit
/ (Loss) before Tax |
1.82 |
(2.15) |
(1.36) |
10.11 |
12.06 |
| 8. |
Provision
for Taxation ( Net)
Current
Tax
Deferred
Tax
Tax
Adjustment for prior years |
0.12
(1.08)
(2.11) |
(1.15)
(1.20)
(2.00) |
0.61
(2.47)
(7.36) |
5.49
(3.06)
(5.90) |
2.56
(3.16)
(7.84) |
| 9. |
Net
Profit after all Taxes |
4.89 |
2.20 |
7.86 |
13.58 |
20.50 |
| 10. |
Paid-up
Equity Share Capital(Face
Value Rs.10/- per share) |
18.38 |
18.38 |
18.38 |
18.38 |
18.38 |
| 11. |
Reserves
excluding revaluation reserves |
- |
- |
- |
- |
�������������
172.24 |
| 12. |
Basic
& Diluted EPS (Rs) (not
annualised for the quarter/nine months) |
2.66 |
1.20 |
4.28 |
7.39 |
11.15 |
| 13. |
Aggregate
of non-promoter�s share holding |
|
|
|
|
|
| |
No.
of shares |
4644737 |
4641737 |
4644737 |
4641737 |
4641737 |
|
|
%
of shareholding |
25.27 |
25.25 |
25.27 |
25.25 |
25.25 |
Segment
wise Revenue, Results and Capital employed under clause 41
of the Listing Agreement
| |
Unaudited |
Unaudited |
Audited |
| |
Quarter
ended 31.12.2002 |
Quarter
ended 31.12.2001 |
Nine
months ended
31.12.2002 |
Nine
months ended
31.12.2001 |
Year
ended 31.3.2002 |
| 1.
Segment Revenue |
|
|
|
|
|
| a.
System Integration Services |
81.98
|
85.56
|
251.58
|
307.63
|
403.12
|
| b.
Manufacturing Services |
11.24
|
9.40
|
31.27 |
28.81 |
40.16
|
| c.
Education Services |
8.63 |
8.39
|
19.25 |
24.98
|
33.96 |
| Net
Sales/Income from Operations |
101.85 |
103.35 |
302.10 |
361.42 |
477.24 |
| |
|
|
|
|
|
| 2.
Segment Results |
|
|
|
|
|
| a.
System Integration Services |
(1.58) |
(3.61) |
(3.23) |
8.74 |
8.60 |
| b.
Manufacturing Services |
3.82 |
3.57 |
10.82 |
13.14 |
17.76 |
| c.
Education Services |
0.77
|
(0.42) |
(4.41) |
(3.97) |
(5.54) |
| Total |
3.01 |
(0.46) |
3.18 |
17.91 |
20.82 |
| Less
: Interest |
0.08 |
0.27 |
0.68 |
1.02 |
1.24 |
| Less:
Unallocable expenditure net of unallocable income |
1.11 |
1.42 |
3.86 |
6.78 |
7.52 |
|
Total Profit / (Loss) before Tax |
1.82 |
(2.15) |
(1.36) |
10.11 |
12.06 |
| |
|
|
|
|
|
| 3.
Segment Capital Employed |
|
|
|
|
|
| a.
System Integration Services |
106.92 |
143.28 |
106.92 |
143.28 |
134.54 |
| b.
Manufacturing Services |
17.42 |
10.84 |
17.42
|
10.84 |
9.59
|
| c.
Education Services |
(1.85)
|
(3.49)
|
(1.85) |
(3.49) |
(3.48) |
|
Total Segment Capital Employed |
122.49 |
150.63 |
122.49 |
150.63 |
140.65 |
Notes:
-
The
above unaudited results have been taken on record by the
Board of Directors at the meeting held on�24th
January 2003.
-
The
Company�s operations continue to be impacted by a lower
demand for its products and services. Some of the measures
taken by the Company to improve its profitability have
resulted in a net profit after tax of Rs. 4.89 crores
in the third quarter ended 31st December 2002
(previous year's third quarter : Rs 2.20 crores) on a
marginally lower level of total income of Rs 103.37 crores.
For the nine months ended 31st December 2002
the total income declined to Rs. 306.22 crores (previous
year nine months : Rs 366.04 crores) and the net profit
after tax for the same period fell to Rs 7.86 crores(previous
year nine months : Rs 13.58 crores).
-
Other
expenditure includes bad debts written off and provision
for bad and doubtful debts of Rs.3.54 crores (net) for
the third quarter (previous year's third quarter: Rs 5.36
crores-net) and Rs 6.64 crores (net) for the nine month
period (previous year nine months : Rs 11.62 crores-net).
-
The
Company has invested Rs. 10.65 crores in acquiring 40%
of the share capital of Sitel India Pvt. Ltd., a joint
venture between Systems Integrated Telemarketing Netherlands
BV (a subsidiary of Sitel Corporation, USA) and the Tata
group. This company is engaged in the IT enabled services
business(Contact/Call Center Services).
-
Segment
Revenue includes Other Income attributable to the respective
segments.
-
Figures
for the previous period have been re-grouped wherever
necessary.
| Place
: Mumbai
Date : 24th
January 2003 |
For and
on behalf of the Board of Director
F. K. Kavarana
Chairman |
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