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UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED ON 31st MARCH 2007

 

          (Rs. in Lacs)
1
2
3
4
S.No.
Particulars
Quarter ended 30.09.2007
Quarter ended 30.09.2006
18 months ended 30.09.2007
Year ended 31.03.2006
Audited
Audited
Audited
Audited
I
Net Sales/Income from operations
3,152.15
901.02
12,748.02
11,316.08
II
Other Income
42.52
52.79
292.60
422.22
III
 Total Income
3,194.67
953.81
13,040.62
11,738.30
IV
 Expenditure
a)
( Increase)/decrease in stock in trade & Work In Progress
(163.01)
(0.15)
157.11
380.71
b)
Consumption of Raw Material
1,936.11
363.63 6,164.99
5,435.03
c)
 Employee Cost
180.08
88.39
872.84
370.49
d)
Depreciation
212.75
109.75
1,088.65
562.26
e)
Excise duty
324.32
81.87
1,210.61
1,458.49
f)
 Other Expenditure
421.53
206.76
2,312.96
991.91
Interest
220.10
100.40
1,092.84
311.36
V
Profit before tax
62.79
3.16
140.62
2,228.05
VI
Less:Tax Expenses
-Current Tax
5.04
0.36
29.38
128.73
-Fringe Benefit Tax
1.29
0.74
8.67
3.12
-Deferred Taxs
15.90
2.92
65.30
742.11
VII
Add:MAT Credit Entitlement
5.04
0.36
29.38
128.73
VIII
Net profit/(loss)after tax
45.60
(0.50)
66.66
1,482.82
IX
 Paid -up Equity Share Capital (Face value of Rs 5 per share)
2,148.12
1,101.89
2,148.12
1,101.89
X
 Reserves excluding Revaluation Reserve
5,914.16
XI
 Earnings Per Share ( Rs.)
-Basic
0.11
(0.00)
0.16
6.73
-Diluted
0.10
(0.00)
0.15
6.73
XII
 Public shareholding
Number of Shares
24,639,283
15,498,387
24,639,283
15,271,053
Percentage of Shareholding
57.35
70.33
57.35
69.29

SEGMENT WISE REVENUE, RESULTS & CAPITAL EMPLOYED FOR THE PERIOD ENDED 30th SEPTEMBER 2007

 

          (Rs. in Lacs)
1
2
3
4
S.No.
Particular
Quarter ended 30.09.2007
Quarter ended 30.09.2006
18 months ended 30.09.2007
Year ended 31.03.2006
Audited
Audited
Audited
Audited
I
Segment Revenue ( Sales/Income)
a.
Manufacturing
3,131.22
901.02
11,558.60
11,316.08
b.
 Services
20.93
-
1,189.42
-
Total
3,152.15
901.02
12,748.02
11,316.08
II
 Segment Results ( Profit/(loss) (before tax and interest )
a)
Manufacturing
325.68
50.77
1,039.14
2,117.19
b)
Services
(85.31)
-
(98.27)
-
c)
 Total
240.37
50.77
940.87
2,117.19
(d)
(Add)/Less - Interest
220.10
100.40
1,092.85
311.36
e)
- Unallocated Expenses/(Income)
(42.52)
(52.79)
(292.60)
(422.22)
f)
 Total Profit/(Loss) before Tax
62.79
3.16
140.62
2,228.05
III
Capital Employed(Segment Assets-Segment Liabilities)
a.
Manufacturing
7,611.32
7,118.54
7,611.32
7,868.44
b.
Services
7,329.66
58.35
7,329.66
-
c.
Unallocated
9,374.50
-
9,374.50
1,057.82
Sub Total
24,315.48
7,176.89
24,315.48
8,926.26

  1. The above financial results were approved by the Board of Directors in its meeting held on November 24, 2007.
  2. Pursuant to the Scheme of Amalgamation (the Scheme) of erstwhile Aksh Broadband Limited(ABL) with the Company approved by Hon'ble High Court of Rajasthan by its order dated February 23, 2007 and the Hon'ble High Court of Delhi by its order dated May 29, 2007, whcich became effective on July 25, 2007 on filing of certified copy of order with the
    Registrar of Companies, all Assets and Liabilities have been transferred to and vested in the Company w.e.f April 1, 2006.
  3. The figures for the quarter and 18 months ended September 30, 2007 have been arrived at after giving effect to the Scheme and include the figures of operations of ABL and are thus not comparable with the figures for the coresponding quarter ended September 30, 2006 and year ended March 31, 2006.
  4. Upon of effectuation of Scheme of Amalgamation, the figure for the 15 months ended June 30, 2007 published earlier have
    been recast as follows:-
   
Published earlier
Recast
 
Rs. Lacs
Rs. Lacs
Total Income
7,793
9,846
Total Expenditure
7,618
9,768
PBT
175
78
  1. In view of the ongoing litigation and disputes between the shareholders and management of AP Aksh Broadband Ltd, a subsidiary of the company, the accounts of the subsidiary have not been prepared and made available to the company and thus the consolidated financial results could not be prepared and published.
  2. The Company has made necessary applications to the Ministry of Corporate Affairs seeking exemption from compliance of Section 212(1).During the quarter 8 investor grievances were received and resolved.There were no investor complaint pending for redressal at the beginning and at the end of the quarter.
  3. VOIP services have been commercially launched on 24th & 31st August 2007 in Delhi and Mumbai respectively. 
  4. Figures have been regrouped and rearranged wherever necessary.
  5. The Company has sucessfully commissioned the Fibre Draw Tower which was earlier impaired. 
  6. With this the fibre drawing capcity has increased to 1.50 Million FKM.
  7. Figures have been regrouped and rearranged wherever necessary.

 
For and on behalf of the board of Directors
AKSH OPTIFIBRE LIMITED
Place: Gurgaon
KAILASH S CHOUDHARI
Date: 24th November 2007
Managing Director

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