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    CONSOLIDATED AUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2008

Rs. Lakhs
Standalone Results Consolidated Results
Particulars July 2008
to
Sept 2008
July 2007
to
Sept 2007
April 2008
to
Sept 2008
April 2007
to
Sept 2007

April 2007
to
March 2008

July 2008
to
Sept 2008
July 2007
to
Sept 2007
April 2008
to
Sept 2008
April 2007
to
Sept 2007
April 2007
to
March 2008
  Audited Unaudited  Audited  Unaudited Audited Audited Unaudited Audited Unaudited Audited
1. a.Net Sales/Income
       from Operations
10921.33
10088.35 20591.62 19325.01 40155.19 10968.33 10088.35 20704.98 19325.01 40201.37
    b. Other Operating                 Income 4.98 47.30 5.55 82.56 227.31 4.98 47.30 5.55 82.56 227.31
  10926.31 10135.65 20597.17 19407.57 40382.50 10973.31 10135.65 20710.53 19407.57 40428.68
2. Expenditure                    
   a. (Increase)/Decrease in        stock in trade and work        in progress - - - - - - - - - -
   b. Consumption of raw        materials - - - - - - - - - -
   c. Purchase of traded       goods 755.69 1554.13 1705.87 2648.19 4489.51 800.35 1554.13 1813.54 2648.19 4513.18
   d. Employees cost 5951.08 5516.58 11575.21 10295.14 21359.20 5952.50 5516.58 11576.63 10295.14 21359.20
   e. Depreciation 403.77 313.38 783.28 582.41 1344.13 403.77 313.38 783.28 582.41 1344.13
   f. Other expenditure 1981.42 1583.45 3812.73 3323.02 6842.10 1981.56 1583.45 3815.01 3323.02 6845.16
   g. Total 9091.96 8967.54 17877.09 16848.76 34034.94 9138.18 8967.54 17988.46 16848.76 34061.67
3. Profit from Operations    before Other Income,    Interest & Exceptional    items (1 - 2) 1834.35 1168.11 2720.08 2558.81 6347.56 1835.13 1168.11 2722.07 2558.81 6367.01
4. Other Income - - - - - - - - - -
5. Profit before Interest &     Exceptional
     items (3 + 4)
1834.35 1168.11 2720.08 2558.81 6347.56 1835.13 1168.11 2722.07 2558.81 6367.01
6. Interest 113.69 41.48 193.49 42.25 213.15 113.69 41.48 193.49 42.25 213.15
7. Profit after Interest but     before Exceptional     items (5 - 6) 1720.66 1126.63 2526.59 2516.56 6134.41 1721.44 1126.63 2528.58 2516.56 6153.86
8. Exceptional items - - - - - - - - - -
9. Profit / (Loss) from     Ordinary Activities     before tax (7 + 8) 1720.66 1126.63 2526.59 2516.56 6134.41 1721.44 1126.63 2528.58 2516.56 6153.86
10. Tax expense - Current 75.00 156.00 107.00 286.00 573.01 75.56 156.00 107.77 286.00 574.58
            - Deferred 55.02 40.54 85.93 69.36 179.71 55.02 40.54 85.93 69.36 179.71
            - Fringe benefit tax 29.50 21.00 62.00 42.00 115.00 29.50 21.00 62.00 42.00 115.00
11.Net Profit / (Loss) from      Ordinary Activities
     after tax (9 - 10)
1561.14 909.09 2271.66 2119.20 5266.69 1561.36 909.09 2272.88 2119.20 5284.57
12. Extraordinary item (net       of tax expense ) - - - - - - - - - -
13. Net Profit / (Loss) for       the period (11 - 12) 1561.14 909.09 2271.66 2119.20 5266.69 1561.36 909.09 2272.88 2119.20 5284.57
14. Paid-up Equity Share      Capital (Equity Shares      of Rs.10/ each) 3113.82 3113.82 3113.82 3113.82 3113.82 3113.82 3113.82 3113.82 3113.82 3113.82
15. Reserves excluding      revaluation reserves         8782.07         8800.93
16. Earning Per Share (not       annualised)                    
      - Basic/Diluted EPS         before extraordinary         items 5.01 2.92 7.30 6.81 16.91 5.01 2.92 7.30 6.81   16.97
     - Basic/Diluted EPS        after extraordinary        items 5.01 2.92 7.30 6.81 16.91 5.01 2.92 7.30 6.81 16.97
17. Public shareholding                    
      - Number of Shares 17525488 18646339 17525488 18646339 17595488 17525488 18646339 17525488 18646339 17595488
     - Percentage of        shareholding 56% 60% 56% 60% 57% 56% 60% 56% 60% 57%
 
SEGMENT RESULTS
                                    Standalone   Consolidated
Particulars July 2008 to Sept 2008 July
2007 to Sept
2007
April 2008 to Sept 2008 April 2007 to Sept 2007 April 2007 to March 2008 July 2008
to
Sept 2008
July 2007
to
Sept 2007
April 2008
to
Sept 2008
April 2007
to
Sept 2007
April 2007
to
March 2008
  Audited Unaudited Audited Unaudited  Audited  Audited Unaudited Audited Unaudited  Audited 
1. Segment
    Revenue
               
    a. System
        Integration &         Support
         Services
993.03 1,922.12 2156.20 3,273.48 5,949.84 993.03 1,922.12 2156.20 3,273.48 5,996.02
    b. Software         Development
        & Services
9928.30        8,166.23 18435.42 16,051.53 34,205.35 9975.3 8,166.23 18548.78 16,051.53 34,205.35
    Net income
    from Sales/
    Services
10921.33 10,088.35 20591.62 19,325.01 40,155.19 10968.33     10,088.35 20704.98 19,325.01 40,201.37
2. Segment
    Results
                   
    a. System
       Integration &        Support
       Services
69.72 378.88 199.43 549.36 980.98 69.72 378.88 199.43 549.36 1,000.44
    b. Software         Development &         Services 1939.17 969.40 2890.92 2,348.86 6,047.88 1939.95 969.40 2892.91    2,348.86 6,047.88
    Total 2008.89 1,348.28 3090.35 2,898.22 7,028.86 2009.67 1,348.28 3092.34    2,898.22 7,048.32
    Less: Interest &     Finance     
    Charges
113.69  41.48 193.49 42.25 213.15 113.69 41.48 193.49 42.25 213.15
    Unallocable      Expenditure  
    (net of
     unallocable      income)
174.54 180.17 370.27 339.41  681.30 174.54 180.17 370.27 339.41 681.31
    Profit before
    Tax
1720.66 1,126.63 2526.59 2,516.56 6,134.41 1721.44 1,126.63 2528.58 2,516.56 6,153.86
3. Capital
    Employed.
                   
      a. System
          Integration &           Support
          Services
    596.12 104.47 1,209.96   596.12        104.47 1,257.48
      b. Software          Development
         & Services
    8984.52 6,033.05 9,645.09   9045.33    6,033.05 9,645.09
      9580.64 6,137.52 10,855.05   9641.45    6,137.52 10,902.57
     Add:
     Unallocable
     Capital      
      Employed
    10701.82 8,447.48 7,095.38   10679.64 8,447.48 7,066.71
     Total     20282.46 14,585.00 17,950.43     20321.09  14,585.00 17,969.28

Notes:
1. The above standalone and consolidated results have been reviewed by the Audit Committee and approved by the Board of Directors on     October 17, 2008.
2. The Company incorporated a wholly owned Subsidiary in Singapore in December 2007. The operations of the Subsidiary commenced in the     January - March 2008 quarter. Hence the comparative figures for the corresponding previous quarter / period relate to the standalone      operations of the Company.
3. The current tax liability is net of MAT credit of Rs. 273.00 lakhs that can be carried forward and set off against future tax liabilities in     accordance with the Income Tax Act
4. Previous year's figures have been regrouped wherever necessary
5. Investors complaints pending as at July 1, 2008                    Nil
    Investors complaints received during the quarter                  1
    Investors complaints resolved                                                1
    Complaints pending as at September 30, 2008                       Nil
6. The standalone results of the Company are available on the Company's website - www.tataelxsi.com


Mumbai. October 17, 2008

By Order of the Board
for TATA ELXSI LIMITED

Sd/-
Syamal Gupta
Chairman


 

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