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 & Nine Months Ended 31 st December 2008 (Rs in lakhs)

Accel Transmatic Limited
Regd Office: TC 17/27, Jagathy,Trivandrum 695 014
    Consolidated Financials Independent Financials
S. No Particulars Quarter
Ended
(Un Audited)
Nine
Ended
(Un Audited
)
For the
Year Ended
(Audited)
Quarter Ended
( Un Audited )
Nine Months Ended
( Un Audited )
For the
Year
Ended
(Audited)
31-Dec-08 31-Dec-07 31-Dec-08 31-Dec-07 31-
Mar-08
31-Dec-08 31-Dec-07 31-Dec-08 31-Dec-07 31-
Mar-08
1 Net Sales / Income from Operations     883.47   1,079.58    3,017.64    3,325.75     4,599.82     852.51     895.14    2,811.89    2,705.46     3,736.40
2 Profit on Sale of Undertaking - -   349.63 - - - 306.00
3 Total income
( 1+2 )
    883.47 1,079.58    3,017.64 3,325.75 4,949.45 852.51 895.14 2,811.89 2,705.46 4,042.40
4 Expenditure                    
  a) ( Increase) / Decrease in stock in trade and Work In Progress (19.80) (2.75) 12.55 (47.73) (35.13) (19.80) (2.75) 12.55 (47.73) (35.13)
  b) Consumption of Raw Materials 147.78 227.04 486.78 813.33 740.77 147.78 251.77 486.78 825.21 755.29
  c) Purchase of Traded Goods 114.09 57.20 447.48 189.55 663.28 110.49 44.35 374.29 168.97 631.82
  d) Employees Cost 465.58 343.72 1,300.82 944.27 1,370.54 413.62 261.27 1,188.25 723.08 1,032.56
  e) Depreciation 65.91 62.58 166.99 166.75 259.73 65.91 28.72 166.99 80.85 140.43
  f) Other Expenditure 210.01 224.67 664.29 724.32 1,376.96 202.90 142.12 622.15 489.98 919.97
  g) Total Expenditure 983.58 912.46 3,078.91 2,790.49 4,376.15 920.89 725.48 2,851.00 2,240.36 3,444.95
5 Interest 93.39 41.96 259.66 124.34 249.84 89.30 41.19 252.78 122.42 224.12
6 Exceptional Items -     -   -   38.09 -     -   -   38.09
7 Profit (+) / Loss (-) from Ordinary Activities
Before tax (3)-(4+5+6)
(193.49) 125.16 (320.92) 410.92 285.36 (157.69) 128.47 (291.90) 342.68 335.24
8 Tax Expense 4.41 92.14 (12.80) 164.65 141.09 3.40 71.90 (14.24) 114.97 96.08
  a. Current Tax 1.01 17.75  1.44 49.52 50.53 -   15.95 -   41.58 50.33
  b. Deferred Tax -   73.02 (23.53) 107.79 69.59   -   55.10 (23.53) 68.17 27.12
  c. Fringe Benefit Tax 3.40 1.37 9.28 7.34 12.48 3.40 0.85 9.29 5.22 10.15
  d. Taxes of earlier Years written off -   -     8.48 -     -   -   -   8.48
9 Minority interest (2.71) (3.52) 0.66 (1.61) 0.33   -   -   -   -   -  
10 Net Profit (+) / Loss (-) from ordinary activities
after tax ( 7-8-9)
(195.19) 36.54 (308.78) 247.88 143.94 (161.09) 56.57 (277.66) 227.71 239.16
11 Other Income 0.35 7.67 24.23 9.93 63.06 0.57 12.36 5.11 24.30 61.19
12 Extraordinary Items ( Net of Tax Expense )  -    -   -   -   -   -     -   -   -  
13 Net Profit (+) / Loss (-) for the period ( 10-11-12) (194.84) 44.21 (284.55) 257.81 207.00 (160.52) 68.93 (272.55) 252.01 300.35
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 1,103.74 1,103.74 1,103.74 1,103.74
15 Reserves Excluding Revaluation Reserves as per Balance Sheet of Previous Acc -ountingYear         17.83       -   -   102.19
  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 beAnnualized) (1.73) 0.38 (2.52) 2.32 1.84 (1.42) 0.62 (2.42) 2.26 2.69
  b) Basic and diluted EPS before Extraordinary Items for the period , for the Year to date and for the Previous Year (not to beAnnualized) (1.77) 0.38 (2.58) 2.32 1.84 (1.45) 0.62 (2.47) 2.26 2.69
16 Public Shareholding                    
   No.of shares     4,473,842 4,566,463 4,719,911     4,473,842 4,566,463 4,719,911
  % to total capital     40.53% 41.37% 42.76%     40.53% 41.37% 42.76%


Notes:
1.

The results for the quarter ended December 31st 2008 have been taken on record at the Board of Directors in its meeting held on January 27th 2009.

2.

Consolidated Accounts for the quarter end includes the results of the following subsidiary companies, consolidated 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;

3.

The results for the period ended 31/12/2008 are not comparable with the results for the previous period as the income and expenditure for the year ended 31.03.2008 and quarter ended 31.12.2007 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 company's holding in that company was divested. Proportionate share of loss of that company has been considered in the consolidated financial statements for the quarter-ended 31.12.2008 as per AS 23 0f the Companies (Accounting Standards) Rules, 2006 under other expenditure.

4. Company has so far incurred a net expenditure of Rs. 21.19 Crores in its Animation Division till 31.12.2008 and all the units in animation division are operational. As a result of this there has been substantial increase in depreciation and interest costs during the current quarter.
5(a)
    The investors who have subscribed to the  issue of 25,50,000 convertible warrants at a price of Rs.33/- per warrant on a preferential basis and have paid 10% of the amount equivalent to Rs.84.15 lacs as per the terms of the issue 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 the option on or before May 2009
5(b) The Company had redeemed its convertible preference shares (210000) on 15.05.2008
6. Information on Investor complaints (numbers)

Pending at the beginning of the quarter                   : Nil
Received during the quarter                                    : 8
Resolved / replied during the quarter                       : 8
Unresolved at the end of the quarter since resolved   : Nil
7.
    The above results have been subjected to “Limited Review” by the statutory auditors of the company.
8.
    Previous year/quarter figures have been regrouped / recasted wherever necessary, to make them comparable with the current period layout.
 
Place:Chennai
Date : January 27, 2009

For & On behalf of the Board,

Director