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AUDITED FINANCIAL RESULTS FOR THE PERIOD ENDED ON 31.03.2003

(Rs. in Lacs)        

    
1
2
3
4
5
6
7
S.No.
Particulars
Quarter ending
31-03-2003
(3 Months)
Quarter ending
31-03-2002
(3 Months)

Twelve Months Ended
31-03-2003
(12 Months)

Twelve Months Ended
31-03-2002
(12 Months)
Year ended
31-03-2003
(Consolidated)
Year ended
31-03-2003
(Consolidated)
I
Net Sale/ Income from operation
2,844.50
5877.49
9074.83
23170.60
9159.15
22578.07
II
Other Income
26.85
44.12
224.92
124.80
222.85
124.80
III
 Total Expenditure -- -- -- --
--
--
    
(a) (Increase) / decrease in stock in trade
292.63
229.56
201.63
-85.15
201.63
(85.15)
  (b) Staff Cost
123.70
182.18
546.75
692.02
589.96
692.02
  (c) Raw Material Consumption
1,738.97
3717.62
5481.96
13753.29
5481.96
13095.02
   (d) Excise Duty
357.20
616.02
1054.58
2853.35
1054.58
2853.35
   (e) Other Expenditure
449.93
534.34
1565.36
2864.98
1601.98
3219.71
IV
Interest
109.07
97.17
416.84
308.98
416.84
308.98
V
Depreciation
97.23
122.16
458.30
543.17
459.71
543.17
VI
Profit (+)/ Loss (-) before tax (1+2-3-4-5)
(297.38)
422.56
(425.67)
2364.76
(424.66)
2175.77
VII
 Share of Loss on investment in associates -- --
--
 --
(3.34)
 --
VIII
Provision for Taxation
(193.43)
106.74
(219.16)
470.33
(218.60)
470.33--
IX
Net profit(+)/ Loss(-) after tax (6-8+7)
(103.95)
315.82
(206.51)
1894.43
(209.40)
1705.44
X
 Paid-up Equity Share Capital
1101.89
1101.89
1101.89
1101.89
1101.89
1101.89
--
 EPS
-0.47
1.43
(0.94)
8.60
(0.95)
7.74
  Aggregate of Non-promoter and shareholding -- -- -- -- -- --
-- - No. of Shares
--
--
9604734.00
7803536.00
--
--
-- - Percentage of Shareholding
--
--
43.58 %
35.41 %
--
--

  1. The above results were reviewed by the Audit Committee and subsequently approved by the Board of Directors at its meeting held on 17th May, 2003.
  2. The company operates only in one segment i.e. in Telecom Cables, hence segment reporting as define in Accounting Standard 17 is not applicable.
  3. During the year, Company has no profit, hence no dividend is proposed by the Board of Directors.
  4. Consolidated financial statements as per Accounting Standards 21 and 23 include the interest in the wholly owned subsidiary. Aksh Networks Ltd. and an associate, Aksh Broadband Ltd. to the extent on investment by the holding company.
  5. Previous year's figures have been regrouped/rearranged wherever necessary.
  6. There is no qualification in the Auditor's Report for the year.
  7. Provision for tax liability includes provision for deferred tax also.
  8. Reduced sales and loss is due to depressed market condition coupled with sluggish demand and poor realization.
  9. Statement as per Clause 43 of the Listing agreement

Projected Profitability as per Prospectus Vs Actual
(Rs. in millions)

Particulars
Promise
Performance
Variations
Total Income (Net of Excise)
2463
825
(1638)
PBT
321
(43)
(364)
Taxation
123
(22)
(145)
PAT
197
(21)
(218)
Dividend Including Tax
31
--
(31)
Net Cash Accruals
214
(177)
(391)
Equity Share Capital
102
110
8
Reserves & Surplus
749
714
(35)
Net Worth
851
810
(41)
Total Debt Equity Ratio
0.32
0.55
0.23

Place : Gurgaon
Date : 17.05.2003
For and on behalf of the Board of Directors
AKSH OPTIFIBRE LIMITED
Sd/-
 KAILASH S CHOUDHARI
Managing Director

 
 
 

 

 

 
     
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