| |
|
| AUDITED FINANCIAL RESULTS FOR THE QUARTER AND THE YEAR ENDED MARCH 31, 2008 |
|
Rs. Lakhs |
| Consolidated Results |
| Particulars |
Jan. 2008
to
Mar. 2008 |
Jan.2007
to
Mar. 2007 |
Apr.2007
to
Mar. 2008 |
Apr.2006
to
Mar. 2007 |
Jan.2008
to
Mar. 2008 |
Apr. 2007
to
Mar. 2008 |
| |
Unaudited |
Unaudited |
Audited |
Audited |
Unaudited |
Audited |
| 1. Net income from Sales/Services |
11,150.84 |
8,912.97 |
40,155.19 |
30,796.30 |
11,197.02 |
40,201.37 |
| 2. Other Income |
80.95 |
7.05 |
227.31 |
42.39 |
80.95 |
227.31 |
| 3. Total |
11,231.79 |
8,920.02 |
40,382.50 |
30,838.69 |
11,277.97 |
40,428.68 |
| 4. Cost of Sales/Services |
|
| a. Cost of materials - Sales/Services |
1,142.50 |
1,036.08 |
4,489.51 |
3,610.29 |
1,166.16 |
4,513.18 |
| b. Staff Cost |
5,624.20 |
4,436.96 |
21,359.20 |
15,429.77 |
5,624.20 |
21,359.20 |
| c. Other expenditure |
1,956.78 |
1,270.78 |
6,842.10 |
4,847.49 |
1,959.84 |
6,845.16 |
| d. Depreciation |
432.02 |
263.60 |
1,344.13 |
869.69 |
432.02 |
1,344.13 |
| 5. Interest |
100.30 |
2.39 |
213.15 |
28.84 |
100.30 |
213.15 |
| 6. Profit before Tax (3-4-5) |
1,975.99 |
1,910.21 |
6,134.41 |
6,052.61 |
1,995.45 |
6,153.86 |
| 7. Provision for Tax - Current |
116.01 |
265.50 |
573.01 |
732.00 |
117.59 |
574.58 |
| - Deferred |
72.90 |
17.10 |
179.71 |
33.92 |
72.90 |
179.71 |
| - Fringe benefit tax |
46.00 |
24.00 |
115.00 |
75.00 |
46.00 |
115.00 |
| 8. Profit after Tax |
1,741.08 |
1,603.61 |
5,266.69 |
5,211.69 |
1,758.96 |
5,284.57 |
9. Paid-up Equity Share Capital
(Equity Shares of Rs.10/ each) |
3,113.82 |
3,113.82 |
3,113.82 |
3,113.82 |
3,113.82 |
3,113.82 |
| 10. Reserves |
|
|
8,782.07 |
6,141.80 |
|
8,799.95 |
| 11. Earning Per Share - Basic/Diluted (not annualised) |
5.59 |
5.15 |
16.91 |
16.74 |
5.65 |
16.97 |
| 12. Public shareholding |
|
| - Number of Shares |
17,595,488 |
19,257,716 |
17,595,488 |
19,257,716 |
17,595,488 |
17,595,488 |
| - Percentage of holding to total holding |
57% |
62% |
57% |
62% |
57% |
57% |
| SEGMENT RESULTS |
|
Rs. Lakhs |
| Consolidated Results |
| Particulars |
Jan.2008
to
Mar. 2008 |
Jan.2007
to
Mar. 2007 |
Apr.2007
to
Mar. 2008 |
Apr.2006
to
Mar. 2007 |
Jan. 2008
to
Mar. 2008 |
Apr.2007
to
Mar. 2008 |
| |
Unaudited |
Unaudited |
Audited |
Audited |
Unaudited |
Audited |
| 1. Segment Revenue |
|
|
| a. System Integration & Support Services |
1,560.86 |
1,565.09 |
5,949.84 |
4,538.59 |
1,607.04 |
5,996.02 |
| b. Software Development & Services |
9,589.98 |
7,347.88 |
34,205.35 |
26,257.71 |
9,589.98 |
34,205.35 |
| Net income from Sales/Services |
11,150.84 |
8,912.97 |
40,155.19 |
30,796.30 |
11,197.02 |
40,201.37 |
| 2. Segment Results |
|
|
| a. System Integration & Support Services |
270.44 |
459.12 |
980.98 |
694.66 |
289.90 |
1,000.44 |
| b. Software Development & Services |
1,990.61 |
1,633.75 |
6,047.88 |
6,164.21 |
1,990.61 |
6,047.88 |
| Total |
2,261.05 |
2,092.87 |
7,028.86 |
6,858.87 |
2,280.51 |
7,048.32 |
| Less: Interest & Finance Charges |
100.30 |
2.39 |
213.15 |
28.84 |
100.30 |
213.15 |
| Unallocable Expenditure (net of unallocable income) |
184.76 |
180.27 |
681.30 |
777.42 |
184.76 |
681.31 |
| Profit before Tax |
1,975.99 |
1,910.21 |
6,134.41 |
6,052.61 |
1,995.45 |
6,153.86 |
| 3. Capital Employed. |
|
|
| a. System Integration & Support Services |
|
1,712.45 |
427.00 |
|
1,759.96 |
| b. Software Development & Services |
|
19,192.33 |
11,158.82 |
|
19,192.33 |
| |
20,904.78 |
11,585.82 |
|
20,952.29 |
| Add: Unallocable Capital Employed |
|
(2,954.35) |
(1,948.72) |
|
(2,983.01) |
| Total |
|
17,950.43 |
9,637.10 |
|
17,969.28 |
Notes:
1. The above figures have been reviewed by the Audit Committee and approved by the Board of Directors on April 30, 2008.
2. Dividend @ 70% for 2007-08 has been recommended by the Board of Directors.
3. The Company incorporated a wholly owned subsidiary in Singapore in December 2007. The operations have commenced in the January - March 2008 quarter. Hence the consolidated results have been given only for the current quarter/year and comparative figures for the corresponding previous quarter/year are not applicable.
4. Investors complaints pending as at January 1, 2008 Nil
Investors complaints received during the quarter 1
Investors complaints resolved 1
Complaints pending as at March 31, 2008 Nil
5. The current tax liability is net of MAT credit of Rs. 313.75 lakhs that can be carried forward and set off against future tax liabilities in accordance with the Income Tax Act
6. Effective April 1, 2007, the Company adopted the revised Accounting Standard (AS) 15 - Employee Benefits and the transitional effect based on actuarial valuation has been adjusted against the opening reserves.
7. Previous year's figures have been regrouped wherever necessary
Mumbai. April 30, 2008
By Order of the Board
for TATA ELXSI LIMITED
Sd/-
Syamal Gupta
Chairman |
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