|
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED ON MARCH 31, 2008 |
|
|
|
|
|
|
(Rs. in Lacs) |
|
S.No.
|
Particular
|
Quarter ended
31.03.2008 |
Quarter
ended 31.03.2007 |
6 months
ended 31.03.2008 |
12 months
ended 31.03.2007 |
18 months
ended 30.09.2007 |
Unaudited |
Unaudited |
Unaudited |
Unaudited |
Audited |
1
|
Net Sales/Income from
operations |
4,801.73 |
1,370.23 |
8,711.02 |
5,141.58 |
12,748.02 |
2
|
Other Income |
19.56 |
71.47 |
100.86 |
192.34 |
292.60 |
3
|
Total Income |
4,821.29 |
1,441.70 |
8,811.88 |
5,333.92 |
13,040.62 |
4 |
Expenditure |
|
a)
|
( Increase)/decrease in stock in
trade & Work in Progress |
(259.37) |
(238.89) |
(344.13) |
(523.52) |
157.11 |
b) |
Consumption of Raw Material |
3,292.31 |
930.01 |
5,619.74 |
2,897.93 |
6,164.99 |
c) |
Employee Cost |
266.86 |
119.28 |
467.85 |
425.58 |
872.84 |
(d) |
Depreciation |
280.90 |
129.30 |
543.42 |
505.78 |
1,088.65 |
e) |
Excise Duty |
513.27 |
130.94 |
954.66 |
524.60 |
1,210.61 |
f) |
Other Expenditure |
1,014.94 |
260.60 |
1,678.64 |
960.87 |
2,312.96 |
5
|
Interest |
167.71 |
99.24 |
415.80 |
386.89 |
1,092.84 |
6
|
Profit before tax |
(455.33) |
11.22 |
(524.10) |
155.79 |
140.62 |
7
|
Less: Tax Expenses |
|
| |
- Current Tax |
|
(1.26) |
|
17.48 |
29.38 |
|
- Fringe Benifit Tax |
1.67 |
1.10 |
4.83 |
3.45 |
8.67 |
|
- Deferred Tax |
(189.00) |
25.19 |
(271.00) |
82.38 |
65.29 |
8
|
Add: MAT Credit
Entitlement |
|
(1.26) |
- |
17.48 |
29.38 |
9
|
Net profit/(loss)after
tax |
(455.33) |
11.22 |
(524.10) |
155.79 |
140.62 |
10
|
Paid -up Equity Share
Capital |
2,878.03 |
1,101.89 |
2,878.03 |
1,101.89 |
2,148.12 |
| |
(Face value of Rs 5 per share) |
|
11 |
Reserves excluding Revaluation
Reserve |
|
12,753.51 |
12 |
Earnings Per Share (
Rs.) |
|
|
- Basic |
(0.49) |
(0.07) |
(0.53) |
0.32 |
0.16 |
|
- Diluted |
(0.44) |
(0.06) |
(0.43) |
0.30 |
0.15 |
13 |
Public
shareholding |
|
|
Number of Shares |
40,090,067 |
15,412,566 |
40,090,067 |
|
24,639,283 |
|
Percentage of
Shareholding |
69.65 |
69.94 |
69.65 |
|
57.35 |
SEGMENT WISE REVENUE, RESULTS & CAPITAL EMPLOYED FOR THE PERIOD ENDED MARCH 31, 2008 |
|
|
|
|
|
|
(Rs. in Lacs) |
|
S.No.
|
Particular
|
Quarter ended
31.03.2008 |
Quarter
ended 31.03.2007 |
6 months
ended 31.03.2008 |
12 months
ended 31.03.2007 |
12 months
ended 30.09.2007 |
Unaudited |
Unaudited |
Unaudited |
Unaudited |
Audited |
1
|
Segment Revenue (
Sales/Income) |
|
a.
|
Manufacturing |
4,721.68 |
1,441.70 |
8,582.12 |
5,333.92 |
11,558.60 |
b. |
Services |
80.05 |
- |
128.90 |
- |
1,189.42 |
|
Total |
4,801.73 |
1,441.70 |
8,711.02 |
5,333.92 |
12,748.02 |
2 |
Segment Results (Profit/(loss) (before tax and interest ) |
|
a)
|
Manufacturing |
164.26 |
131.53 |
569.86 |
623.62 |
1,419.26 |
b) |
Services |
(332.73) |
- |
(541.32) |
- |
(98.27) |
|
Total |
(168.46) |
131.53 |
28.55 |
623.62 |
1,320.99 |
|
(Add)/Less - Interest |
167.71 |
99.24 |
415.80 |
386.89 |
1,092.84 |
|
- Unallocated
Expenses/(Income) |
119.16 |
21.07 |
136.86 |
80.94 |
87.53 |
|
Total Profit/(Loss) before
Tax |
(455.33) |
11.22 |
(524.10) |
155.79 |
140.62 |
3
|
Capital
Employed(Segment Assets-Segment Liabilities) |
|
a.
|
Manufacturing |
9,077.99 |
8,940.24 |
9,077.99 |
8,940.24 |
7,595.73 |
b.
|
Services |
9,345.91 |
1,706.08 |
9,345.91 |
1,706.08 |
7,329.66 |
c.
|
Unallocated |
18,835.45 |
2,381.77 |
18,835.45 |
2,381.77 |
9,374.50 |
| |
Sub Total |
37,259.34 |
13,028.09 |
37,259.34 |
13,028.09 |
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 April 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 six months ended March 31, 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 March 31, 2007 and for the year ended March 31, 2007.
-
During the quarter , the equity share capital of the Company is increased from Rs 2148.12 lacs to Rs 2878.03 lacs on account of issue of :
(a) 65,35,948 Global Depository Receipts (GDR's) underlying 13,071,896 equity shares of an aggregate value of USD 20 Million
(b) 11,29,528,Equity Shares pursuant to the conversion of Foreign Currency Convertible Bonds of an aggregate value of USD 1.5
million allotted in January 2007.
( c ) 396,825 Equity shares pursuant to conversion of Convertible warrants on private placement basis.
-
During the quarter 1 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:
Gurgaon
|
DR. KAILASH S
CHOUDHARI |
Date: 28th
April,2008
|
Managing
Director |
|
|