|
|
|
UNAUDITED FINANCIAL RESULTS FOR THE
QUARTER ENDED ON JUNE 30, 2008 |
|
|
|
|
|
|
(Rs. in Lacs) |
|
S.No. |
Particular
|
Quarter
ended 30.06.2008 |
Quarter ended
30.06.2007 |
9 months ended
30.06.2008 |
15 months ended
30.06.2007 |
18 months ended
30.09.2007 |
|
Unaudited |
Unaudited |
Unaudited |
Unaudited |
Audited |
|
1 |
Net Sales/Income from
operations |
3,456.82 |
2,259.95 |
12,167.84 |
7,401.53 |
12,748.02 |
|
2 |
Other Income |
96.38 |
199.27 |
197.24 |
391.61 |
292.60 |
|
3 |
Total Income |
3,553.20 |
2,459.22 |
12,365.08 |
7,793.14 |
13,040.62 |
|
4 |
Expenditure |
|
|
a) |
( Increase)/decrease in stock in
trade & Work in Progress |
(130.87) |
481.94 |
(475.00) |
(112.99) |
157.11 |
|
b) |
Consumption of Raw Material
|
2,239.13 |
1,041.21 |
7,858.87 |
3,939.14 |
6,164.99 |
|
c) |
Employee Cost |
270.84 |
128.71 |
738.69 |
554.29 |
872.84 |
|
(d) |
Depreciation |
286.82 |
140.36 |
830.24 |
646.14 |
1,088.65 |
|
e) |
Excise Duty |
283.15 |
239.85 |
1,237.81 |
764.45 |
1,210.61 |
|
f) |
Other Expenditure |
1,485.33 |
301.36 |
3,163.97 |
1,333.64 |
2,312.96 |
|
5 |
Interest |
119.42 |
106.56 |
535.22 |
493.45 |
1,092.84 |
|
6
|
Profit/(Loss) before tax |
(1,000.62)
|
19.23 |
(1,524.72) |
175.02 |
140.62 |
|
7 |
Less: Tax Expenses |
|
|
- Current Tax |
|
2.18 |
|
19.66 |
29.38 |
| - Fringe Benifit Tax |
1.22 |
0.60 |
6.05 |
4.05 |
8.67 |
| - Deferred Tax |
(16.14) |
(5.96) |
(287.21) |
76.42 |
65.29 |
|
8 |
Add: MAT Credit
Entitlement |
|
2.18 |
- |
19.66 |
29.38 |
|
9 |
Net profit/(loss)after
tax |
(985.69)
|
24.59 |
(1,243.56) |
94.55 |
66.66 |
|
10 |
Paid -up Equity Share
Capital |
2,948.37 |
1,137.60 |
2,948.37 |
1,137.60 |
2,148.12 |
| |
(Face value of Rs 5 per share
) |
|
|
11 |
Reserves excluding Revaluation
Reserve |
|
12,753.51 |
|
12 |
Earnings Per Share (
Rs.) |
|
|
|
- Basic |
(1.70) |
0.11 |
(1.60) |
0.43 |
0.16 |
|
|
- Diluted |
(1.34) |
0.09 |
(1.38) |
0.39 |
0.15 |
|
13 |
Public shareholding |
|
|
|
Number of Shares |
41,496,835
|
15,844,747
|
41,496,835
|
|
24,639,283
|
|
Percentage of
Shareholding |
70.37
|
69.64
|
70.37
|
|
57.35
|
|
SEGMENT WISE
REVENUE, RESULTS & CAPITAL EMPLOYED FOR THE QUARTER ENDED JUNE
30, 2008 |
|
|
|
|
|
|
(Rs. in Lacs) |
|
S.No. |
Particular
|
Quarter ended 30.06.2008 |
Quarter ended
30.06.2007 |
9 months ended
30.06.2008 |
15 months ended
30.06.2008 |
18 months ended
30.09.2007 |
|
Unaudited |
Unaudited |
Unaudited |
Unaudited |
Audited |
|
1 |
Segment Revenue (
Sales/Income) |
|
|
a. |
Manufacturing |
3,386.76
|
2,459.22
|
11,968.88
|
7,793.14
|
11,558.60
|
|
b. |
Services |
70.06
|
- |
198.96
|
- |
1,189.42
|
|
|
Total |
3,456.82
|
2,459.22
|
12,167.84
|
7,793.14
|
12,748.02
|
|
2 |
Segment Results
(Profit/(loss) (before tax and interest ) |
|
|
a) |
Manufacturing |
76.82
|
102.05
|
646.68
|
498.86
|
1,419.26
|
|
b) |
Services |
(532.11)
|
- |
(1,073.43)
|
- |
(98.27)
|
|
|
Total |
(455.30)
|
102.05
|
(426.75)
|
498.86
|
1,320.99
|
|
|
(Add)/Less -
Interest |
1,320.99
|
106.56
|
535.22
|
493.45
|
1,092.84
|
|
|
- Unallocated
Expenses/(Income) |
425.89
|
(23.74)
|
562.75
|
(169.61)
|
87.53
|
|
|
Total Profit/(Loss) before
Tax |
(1,000.62)
|
19.23
|
(1,524.72)
|
175.02
|
140.62
|
|
3 |
Capital Employed(Segment
Assets-Segment Liabilities) |
|
|
a. |
Manufacturing |
8,774.88
|
9,330.66
|
8,774.88
|
9,330.66
|
7,595.73
|
|
b. |
Services |
10,451.79
|
2,549.03
|
10,451.79
|
2,549.03
|
7,329.66
|
|
c. |
Unallocated |
18,199.70
|
755.00
|
18,199.70
|
755.00
|
9,374.50
|
| |
Sub Total |
37,426.37
|
12,634.69
|
37,426.37
|
12,634.69
|
24,299.89
|
-
The above financial results were approved by the Audit Committee and taken on record by the Board of Directors in its meeting
held on July 28, 2008 and a Limited Review of the same has been carried out by the Statutory Auditors of the Company.
-
The figures for the quarter and nine months ended June 30, 2008 have been arrived at after giving the effect to the Scheme of
Amalgamation and includes the figures of operation of erstwhile Aksh Broadband Limited and thus are not comparable with the
figures for the corresponding quarter ended June 30, 2007 and for the 15 months ended ended June 30, 2007.
-
During the quarter the Company entered into an agreement with Bharat Sanchar Nigam Ltd.(BSNL) for providing IPTV Services
in 20 cities to customers of BSNL.
-
During the quarter , the equity share capital of the Company is increased from Rs 2878.03 lacs to Rs 2948.37 lacs on account of issue of :
(a) 406,768 equity shares upon conversion of Zero Coupon Fully Convertibe Debentures on preferential basis.
(b) 1,000,000 Equity Shares on preferential basis.
-
As required by Accounting standard 11' Issued by ICAI, loss for the quarter under review included froeign exchange loss (net) of Rs. 414.43 lacs
on liabilities repayable in foreign exchange.
-
During the quarter 4 investor grievances were received and resolved. There were no investor greivance pending for redressal at
the beginning and at the end of the quarter.
-
Figures have been regrouped and rearranged wherever necessary.
|
|
For and on behalf
of the board of Directors AKSH OPTIFIBRE
LIMITED
|
Place:
New Delhi
|
DR. KAILASH S
CHOUDHARI |
Date: 28th
July, 2008
|
Managing
Director |
|
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|