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Investor
Relations
[BACKGROUND] [ANNUAL
REPORTS] [SHARE
HOLDING PATTERN] [FINANCIAL
RESULTS] [OTHER
REPORTS]
Financial
Results:
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
Audited
Financial Results for the year ended 31st March 2002
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UNAUDITED
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AUDITED |
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Nine
Months Ended
31-12-2001 |
Quarter
Ended
31-3-2002 |
Quarter
Ended
31-3-2001 |
Year
Ended
31-3-2002 |
Year
Ended
31-3-2001 |
| 1 |
Net
Sales/Income from Operations |
361.02 |
114.56 |
138.82 |
475.58 |
515.07 |
| 2 |
Other
Income |
5.34 |
2.86 |
3.99 |
8.20 |
8.55 |
| 3 |
Total
Income |
366.36 |
117.42 |
142.81 |
483.78 |
523.62 |
| 4 |
Total
Expenditure |
343.02 |
111.40 |
121.75 |
454.42 |
468.78 |
| a |
(Increase)
/ Decrease in stock in trade |
9.24 |
3.19 |
(4.55) |
12.43 |
(4.73) |
| b |
Consumption
of raw materials |
73.78 |
28.69 |
37.38 |
102.47 |
130.22 |
| c |
Staff
cost |
91.53 |
28.52 |
26.54 |
120.05 |
106.52 |
| d |
Overseas
Business Expenses |
86.27 |
26.82 |
35.52 |
113.09 |
137.45 |
| e |
Other
expenditure |
82.20 |
24.18 |
26.86 |
106.38 |
99.32 |
| 5 |
Interest |
1.02 |
0.22 |
0.73 |
1.24 |
3.00 |
| 6 |
Depreciation |
12.21 |
3.85 |
4.12 |
16.06 |
17.70 |
| 7 |
Profit
before Tax |
10.11 |
1.95 |
16.21 |
12.06 |
34.14 |
| 8 |
Provision
for Taxation (Net) |
(3.47) |
(4.97) |
3.63 |
(8.44) |
7.60 |
| 9 |
Net
Profit after all Taxes |
13.58 |
6.92 |
12.58 |
20.50 |
26.54 |
| 10 |
Paid-up
Equity Share Capital |
18.38 |
18.38 |
18.38 |
18.38 |
18.38 |
| 11 |
Reserves
excluding revaluation reserves |
- |
- |
- |
172.24 |
157.48 |
| 12 |
Basic
& Diluted EPS (not annualised for the quarter) |
7.39 |
3.76 |
6.85 |
11.15 |
14.44 |
| 13 |
Aggregate
of non-promoter�s shareholding |
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No.
of shares |
4641737 |
4641737 |
4691737 |
4641737 |
4691737 |
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% of
shareholding |
25.25 |
25.25 |
25.52 |
25.25 |
25.52 |
Segment
wise Revenue, Results and Capital employed under clause 41
of the Listing Agreement
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31-3-2002 |
1. Segment
Revenue
a. System Integration
Services
b. Manufacturing Services
c. Education
Services
Net Sales / Income from Operations |
403.12
40.64
33.96
477.72 |
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 before Tax |
8.60
17.76
(5.54)
20.82
1.24
7.52
12.06 |
3. Segment
Capital Employed
a. System Integration
Services
b. Manufacturing Services
c. Education
Services
Total
Segment Capital Employed |
134.54
9.59
(3.48)
140.65 |
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Notes:
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The
above audited results have been reviewed by the Audit
Committee and taken on record by the Board of Directors
at the meeting held on 7th June 2002.
-
In
view of the interim dividend of Rs.4 per share (2000-01
dividend : Rs.6 per share) declared on 16th May 2002 for
the year 2001-02, it has been decided not to recommend
any final dividend.
-
The
company's revenue and profitability continued to be impacted
in the second half of the year due to the greater than
anticipated slow down in its business, both in the domestic
and overseas markets. For the year ended 31st March 2002,
Total Income declined to Rs.483.78 crores from Rs.523.62
crores in the previous year and Net Profit after all taxes
declined to Rs.20.50 crores from Rs.26.54 crores.
-
Other
expenditure includes provision for bad and doubtful debts
of Rs. 0.32 crores (net) for the quarter ended 31st
March 2002, (previous year�s quarter: Rs.4.25 crores -
net) and Rs.11.94 crores (net) for the year ended31st
March 2002 (previous year: Rs.10.10 crores - net).
-
In
accordance with the new Accounting Standards AS 22 relating
to "Accounting for Taxes on Income", the company
has recorded a cumulative net deferred tax asset of Rs.
1.60 crores until 1st April 2001 as an addition to General
Reserves. Deferred tax asset for the quarter and year
ended 31st March 2002 amounted to Rs.0.10 crores and Rs.3.16
crores respectively. Since this standard has become mandatory
from 1st April 2001, figures for the previous periods
have not been recast.
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Provision
for taxation for the quarter and year ended 31st March
2002 is net of Rs.2.17 crores and Rs.8.47 crores respectively
pertaining to overseas tax written back for prior years.
The figures for overseas tax written back for the quarter
and year ended 31st March 2001 amounted to Rs.0.77 crores
and Rs.3.11 crores respectively. The Company has also
reversed Rs.1.60 crores of the provision for overseas
tax made for the half year ended 30th
September 2001, in view of the decrease in profits.
-
Segment
Revenue includes Other Income attributable to the respective
segments.
-
Figures
for the previous periods have been re-grouped wherever
necessary.
| Place
: Mumbai
Date : 7th
June, 2002 |
For and
on behalf of the Board of Director
Dr. Nirmal Jain
Managing Director |
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