Unaudited Financial Results for the IInd Quarter and Half Year ended on 30/09/2008
(Rs. In Lacs)
Particulars
For the Quarter ended on 30-09-08 Unaudited
For the Quarter ended on 30-09-07 Unaudited
(Regrouped)
For the
Half Year
ended on
30-09-08
Unaudited
For the Half Year ended on
30-09-07 Unauditied (Regrouped)
For the year ended on 31-03-08
Audited (Regrouped)
Income from Operations
290.20
257.32
707.97
473.60
1,302.94
Total Revenue
290.20
257.32
707.97
473.60
1,302.94
Operational Expenses
-
-
-
-
-
Staff & Administrative Costs
217.35
112.64
430.92
193.95
610.10
Total Expenditure
217.35
112.64
430.92
193.95
610.10
Operating Profit (EBITA)
72.85
144.68
277.05
279.65
692.84
Less: Interest
7.54
7.63
15.11
15.24
30.61
Less: Depreciation/Amortisation
25.20
18.53
52.24
37.44
70.58
Less:Misc. Experditure Written off
1.75
-
3.56
-
-
Profit/(Loss) on Sale of Fixed Assests
-
-
-
0.23
0.23
Add : Other Income
-
-
1.41
-
1.02
Profit Before Tax
38.36
118.52
207.55
227.20
592.90
Less : Provision for Current tax
-
-
-
-
-
Less: Provision for fringe benefit tax
0.21
0.18
0.59
0.35
1.29
Add: Deferred tax credit
13.30
-
13.30
-
-
Profit After Tax before ExtraOrdinary Items
51.45
118.34
220.26
226.86
591.61
Provision/Earlier Year Expenses Written off /(back)
-
0.37
-
0.31
76.39
FPO Expenses Written off
-
204.91
-
204.91
204.91
Profit/Loss after ExtraOrdinary Items
51.45
(86.94)
220.26
21.63
310.31
Equality Share Capital of Rs. 2/- each
1065.55
1065.55
1065.55
1065.55
1065.55
EPS
0.10
(0.16)
0.41
0.04
0.58
Aggregate of Non-Promoter Shareholding
-
-
--
-
-
Number of Shares
19,624,440
19,624,440
19,624,440
19,624,440
19,624,440
Percentage of Shareholding (%)
36.83
36.83
36.83
36.83
36.83
Notes:
1.
The above financial results have been reviewed by the Audit Committee at it's meeting held on 31st October, 2008 and the same have been approved and taken on record by the Board of Directors at their meeting held on the same date and are subject to limited review by statutory auditors of the company.
2.
The company withdrew the scheme of merger with Marketplace Technologies Pvt. Ltd. filed with the Hon. High Court of Mumbai. However, the Scheme of Merger with Orient Information Technology Limited and Company, is ongoing and in the process of approval with the Honorable High Court of Judicature Mumbai.
3.
In terms of clause 41 of the Listing Agreement, investors complaints received and disposed of during the quarter ended 30 September 2008
Complaints pending at the beginning of the quarter
NIL
Complaints received during the quarter
1
Complaints resolved durning the quarter
1
Complaints pending at the end of the quarter
NIL
4.
The previous period/year figures have been regrouped, wherever necessary,to correctly reflect current quarter's performance
Mumbai : 31st October, 2008
For and on behalf of the Board of Directors
sd/-
Ketan Sheth
Managing Director
