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UNAUDITED
FINANCIAL RESULTS FOR THE QUARTER ENDED ON 30th June 2007 |
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(Rs.
in Lacs) |
1 |
2 |
3 |
4 |
|
S.No.
|
Particulars |
Quarter ended 30.06.2007 |
Quarter ended 30.06.2006 |
15 months ended 30.06.2007 |
Year ended 31.03.2006 |
|
UnAudited |
Audited |
UnAudited |
Audited |
I
|
Net Sales/Income from operations |
2,259.95 |
2,002.13 |
7,401.53 |
11,316.86 |
II
|
Other Income |
199.27 |
17.97 |
391.61 |
421.44 |
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Total |
2,459.22 |
2,020.10 |
7,793.14 |
11,738.30 |
III |
Expenditure |
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|
|
|
a)
|
( Increase)/decrease in stock in trade & Work In Progress |
481.94 |
(37.04) |
(110.17) |
380.71 |
b) |
Staff Cost |
128.71 |
119.43 |
554.29 |
370.49 |
c) |
Raw Material Consumed |
1,041.21 |
947.15 |
3,939.14 |
5,435.02 |
d) |
Excise duty |
239.85 |
237.42 |
764.45 |
1,458.49 |
e) |
Increase/(decrease) in Excise Duty on stock |
(71.41) |
3.82 |
(2.82) |
(49.06) |
f) |
Other expenditure |
372.77 |
309.87 |
1,333.64 |
1,040.97 |
IV |
Interest |
106.56 |
72.35 |
493.45 |
311.36 |
V |
Profit before tax |
19.23 |
229.86 |
175.02 |
2,228.05 |
VI
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Depreciation |
140.36 |
137.24 |
646.14 |
562.27 |
VII
|
Less:Tax Expenses |
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| -Fringe Benefit Tax |
0.60 |
0.83 |
4.05 |
3.12 |
| -Income Tax |
2.18 |
25.79 |
19.66 |
128.73 |
| -Deferred Tax |
(5.96) |
67.69 |
76.42 |
742.11 |
VIII
|
Add:MAT Credit Entitlement |
2.18 |
25.79 |
19.66 |
128.73 |
IX
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Net profit/(loss)after tax |
24.59 |
161.34 |
94.55 |
1,482.82 |
X |
Paid -up Equity Share Capital (Face value of Rs 5 per share) |
1,137.60 |
1,101.89 |
1,137.60 |
1,101.89 |
XI |
Reserves excluding Revaluation Reserve |
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|
5,914.16 |
XII |
Earnings Per Share ( Rs.) |
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-Basic |
0.11 |
0.73 |
0.43 |
6.73 |
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-Diluted |
0.09 |
0.73 |
0.39 |
6.73 |
XIII |
Aggregate of public shareholding |
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No. of Equity Shares |
15,844,747 |
15,269,538 |
15,844,747 |
15,271,053 |
| Percentage of Shareholding |
69.64 |
69.29 |
69.64 |
69.29 |
SEGMENT WISE REVENUE, RESULTS & CAPITAL EMPLOYED FOR THE QUARTER ENDED
30th JUNE, 2007 |
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(Rs.
in Lacs) |
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|
1 |
2 |
3 |
4 |
|
S.No.
|
Particular
|
Quarter ended 30.06.2007 |
Quarter ended 30.06.2006 |
15 months ended 30.06.2007 |
Year ended 31.03.2006 |
UnAudited |
Audited |
UnAudited |
Audited |
I
|
Segment Revenue ( Sales/Income) |
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a.
|
Manufacturing |
2,459.22 |
2,020.10 |
7,793.14 |
11,738.30 |
b. |
Services |
- |
- |
- |
- |
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Total |
2,459.22 |
2,020.10 |
7,793.14 |
11,738.30 |
II |
Segment Results ( Profit/(loss) (before tax and interest ) |
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|
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a)
|
Manufacturing |
102.05 |
302.21 |
498.86 |
2,539.41 |
b) |
Services |
- |
- |
- |
- |
c) |
Total |
102.05 |
302.21 |
498.86 |
2,539.41 |
(d) |
(Add)/Less - Interest |
106.56 |
72.35 |
493.45 |
311.36 |
e) |
- Unallocated Expenses/(Income) |
(23.74) |
- |
(169.61) |
- |
f) |
Total Profit/(Loss) before Tax |
19.23 |
229.86 |
175.02 |
2,228.05 |
III
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Capital Employed(Segment Assets-Segment Liabilities) |
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a.
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Manufacturing |
9,330.66 |
8,191.51 |
9,330.66 |
7,868.44 |
b.
|
Services |
2,549.03 |
- |
2,549.03 |
- |
c.
|
Others |
755.00 |
- |
755.00 |
- |
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Total |
12,634.69 |
8,191.51 |
12,634.69 |
7,868.44 |
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The above unaudited financial results were approved by the Audit Committee and taken on record by the Board of Directors in its Meeting held on 28th July,2007 and a limited review of the same has been carried out by the Statutory Auditors of the Company.
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The Hon'ble High Court of Delhi vide its order dated 29th May,2007 has approved the Amalgamation of Aksh Optifibre Limited and Aksh Broadband Limited.The merger has become effective on 25th July,2007 upon filing of the certified copy of the order with the Registrar of Companies and thus the results for the quarter ended 30th June,2007 have, been prepared on the existing basis.
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714,032 Equity share of Rs. 5/- each at a price of Rs 62/- per share have been allotted on 4th April 2007 pursuant to the conversion notice received from one of the investor in respect of conversion of Bonds of an aggregate value of USD 1 million.
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The Financial Year of the Company has been extended by a period of six months. Accordingly the current Financial Year will be for a period of 18 months to end on 30th September 2007.
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During the quarter 15 investor grievances were received and resolved.There was no investor complaint pending for redressal at the beginning and at the end of the quarter.
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Figures have been regrouped and rearranged wherever necessary.
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For
and on behalf of the board of Directors
AKSH OPTIFIBRE LIMITED
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Place:
Gurgaon
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KAILASH
S CHOUDHARI |
Date:
28th July,2007
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Managing
Director |
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