Investors

Quarterly results – I & three months ended - 30 - 06 - 11
Quarterly results – IV & 12 months ended - 31 - 03 - 11
Quarterly results – III & 9 months ended - 31 - 12 - 10

Quarterly results – II & half year ended - 30 - 09 - 10

Quarterly results – I & three months ended - 30 - 06 - 10
Quarterly results – IV & 12 months ended - 31 - 03 - 10
Quarterly results – III & 9 months ended - 31 - 12 - 09
Quarterly results – II & half year ended - 30 - 09 - 09
Quarterly results – I & three months ended - 30 - 06 - 09
Quarterly results – IV & 12 months ended - 31 - 03 - 09
Quarterly results – III & 9 month ended - 31 - 12 - 08
Quarterly results – II & half year ended - 30 - 09 - 08
Quarterly results – I & three months ended - 30 - 06 - 08
Quarterly results – IV & 12 Months ended - 31 - 03 - 08
Quarterly results – III & 9 months ended - 31 - 12 -07
Quarterly results – II & half year ended - 30 - 09 -07
Quarterly results – I & three months ended - 30 - 06 - 07
Quarterly results – IV & 12 Months ended - 31 - 03 - 07
Quarterly results – III & 9 Month ended - 31 - 12 - 06
Quarterly results – II & half year ended - 30 - 09 -06
Quarterly results – I & three month ended 30 - 06 - 06
Quarterly results – IV & 12 months ended 31 - 03 - 06
Quarterly results – III & 9 month ended 31 - 12 - 05
Quarterly results – II & half year ended 30 - 09 - 05
Quarterly results – I & three month ended 30 - 06 - 05

 Unaudited Financial Results For The Quarter Ended 30 th June 2008
  Rs. In Lacs
Consolidated Financials Independent Financials
Sl. No. Particulars Quarter Ended
( Un Audited )
For the Year Ended
( Audited )
Quarter Ended
( Un Audited )
For the Year Ended ( Audited )
30-Jun-08 30-Jun-07 31-Mar-08 30-Jun-08 30-Jun-07 31-Mar-08
  A ) Income 1 2 3 5 6 8
1 Net Sales / Income from Operations 923.11 1,056.33 4,599.82 898.41 858.06 3736.4
2 Other income 6.61 0.56 63.06 2.96 5.77 61.19
3 Profit on Sale of Investment / Undertaking - - 349.62 - - 306
4 Total income ( 1+2+3 ) 929.72 1,056.89 5,012.50 901.37 863.83 4,103.59
5 Expenditure






a) ( Increase) / Decrease in stock in trade and Work In Progress 10.10 (20.51) (35.13) 10.10 (20.51) -35.13

b) Consumption of Raw Materials 169.42 151.27 740.77 169.42 175.75 755.29

c) Purchase of Traded Goods 95.35 173.07 663.28 119.24 140.84 631.82

d) Employees Cost 394.13 286.06 1,370.54 377.53 219.43 1032.56

e) Depreciation 50.05 49.21 259.73 50.05 25.06 140.43

f) Other Expenditure 233.97 246.66 1,376.96 214.19 163.30 919.98

g) Total Expenditure 953.02 885.76 4,376.15 940.53 703.87 3,444.95
6 Interest 74.91 38.12 249.84 74.19 37.41 224.12
7 Exceptional Items - - 38.09 - - 38.09
8 Profit (+) / Loss (-) from Ordinary Activities Before tax (4)-(5+6+7) (98.21) 133.01 348.42 (113.35) 122.55 396.43
9 Tax Expense (21.06) 31.42 141.43 (21.06) 9.63 96.08
  a. Current Tax - 11.29 50.53 - 8.10 50.33
  b. Deferred Tax (23.53) 17.34 69.61 (23.53) (0.36) 27.12
  c. Fringe Benefit Tax 2.47 3.31 12.48 2.47 1.89 10.15
  c. Taxes of earlier Years written off - - 8.48 - - 8.48
10 Minority interest (0.08) (0.52) 0.33 - - -
11 Net Profit (+) / Loss (-) from ordinary activities after tax ( 8-9-10) (77.07) 102.11 206.66 (92.29) 112.92 300.35
12 Extraordinary Items ( Net of Tax Expense ) - - - - - -
13 Net Profit (+) / Loss (-) for the period ( 11-12) (77.07) 102.11 206.66 (92.29) 112.92 300.35
14 Paid up Equity share capital - Face Value Rs. 10 Each 1,103.74 1,103.74 1,103.74 1,103.74 1,103.74 1,103.74
15 Reserves Excluding Revaluation Reserves as per Balance Sheet of Previous Accounting Year - - 17.83 - - 17.83
16 Basic and diluted EPS






a) Basic and diluted EPS before Extraordinary Items for the period , for the Year to date and for the Previous Year ( not to be Annualized) (0.70) 0.71 (0.70) (0.84) 0.82 (0.83)

b) Basic and diluted EPS after Extraordinary Items for the period , for the Year to date and for the Previous Year ( not to be Annualized) (0.70) 0.71 (0.70) (0.84) 0.82 (0.83)
17 Public Shareholding






No.of shares 4,569,463 4,566,463 4,719,911 4,569,463 4,566,463 4,719,911

% to total capital 41.40% 41.37% 42.76% 41.40% 41.37% 42.76%

Notes:
1.

The results for the quarter ended June 30th 2008 have been taken on record at the Board of Directors in its meeting held on July 28th 2008.

2.

Consolidated Accounts for the quarter end includes the results of the following subsidiary companies incorporated as per AS 21 of the Companies (Accounting Standards) Rules, 2006.

 
I M/s. Accel North America Inc. - 100% subsidiary;
II M/s. Accel Solutions Japan Inc. – 75% subsidiary;
 

The income and expenditure for the year ended 31.03.2008 and quarter ended 30.06.2007 includes operations of the Erstwhile Indian Subsidiary M/s Accel Academy Limited for the period up to 24.03.2008 on which date 51% of the companies holding in that company was divested. Proportionate share of Profit of that company has been considered in the consolidated financial statements for the quarter-ended 30.06.2008 as per AS 23 0f the Companies (Accounting Standards) Rules, 2006.

3.

1.Company has so far Invested Rs.17.22 crores in its Animation Division and both the units in animation division are operational as of 30th June 2008. Though there is a loss in Animation division during the quarter, the revenues commensurate with the investments are expected to accrue from the second quarter.

4. (a) The investors who have subscribed to 25,50,000 convertible warrants at a price of Rs.33/- per warrant and have paid 10% of the amount equivalent to Rs.84.15 lacs have not yet exercised their option to convert the same into Equity Shares by paying the balance amount as per the terms of the issue. They are eligible to exercise this option on or before May 2009.

(b) The Company had redeemed its convertible preference shares ( 210000) on 15.05.2008.
5. Information on Investor complaints(numbers)
 

Pending at the beginning of the quarter : NIL
Received during the quarter : 18
Resolved/replied during the quarter : 18
Unresolved at the end of the quarter since resolved : NIL

6. The above results have been subjected to “Limited Review” by the statutory auditors of the company.
7. Previous year/quarter figures have been regrouped/recasted wherever necessary, to make them comparable with the current period layout.
 
Place: Chennai
Date : July 28, 2008
For and on behalf of the Board Director

SEGMENTWISE REVENUE & RESULTS
(Rs in lakhs)
Sl.No Particulars
For the Quarter Ended 30th June For the Year Ended 31st March
2008 2007 2008
1 Revenue by Industry segment
Systems & Services 477.01 529.22 2544.23
Software Services 281.31 276.14 1039.91
Animation 137.55 52.67 213.84
Others 2.57 0.03 312.28
TOTAL 898.44 858.06 4,110.26
Less : Inter - segment revenue - - -
Net Revenue from Operations 898.44 858.06 4,110.26
2 Segment profit before tax, interest,
Systems & Services 45.49 114.19 346.43
Software Services 53.13 29.84 141.24
Animation (114.29) 25.38 (23.26)
Others (26.06) - 232.62
TOTAL (41.73) 169.41 697.03
Less : Interest ( Net ) 71.62 31.76 213.60
Other un-allocable expenditure 0.00 15.12 97.00
(excluding un-allocable income)


Total Profit / ( Loss ) before tax (113.35) 122.53 386.43
3 Capital Employed


Segment Assets - Segment Liabilities


Systems & Services 747.27 478.66 489.76
Software Services 346.85 276.78 198.22
Animation 451.61 115.76 561.21
Total 1,545.73 871.20 1,249.19
4 Revenue by Geography Segment




Inside India 617.06 581.92 2918.61
Outside India 281.38 276.14 1191.65
Capital employed as also Assets and Liabilities of the Company are not capable of being stated separately geographically since all the assets and liabilities are held under composite undertaking for both the geographic segments.