Audited Financial Results for
the Quarter and Half-year ended September 30, 2000.
| |
Particulars |
Quarter |
Ended |
Half-Year |
Ended |
|
| Sep 30, 2000
|
Sep 30, 1999 |
Sep 30, 2000 |
Sep 30, 1999 |
Year ended
March 31, 2000 |
| 1 |
Net Sales/Income from operations |
4440 |
2398 |
8020 |
4369 |
10729 |
| 2 |
Other Income |
325 |
85 |
580 |
183 |
336 |
| 3 |
Total Income |
4765 |
2483 |
8600 |
4552 |
11065 |
| 4 |
Total Expenditure
a) Staff Cost
b) Travelling and Conveyance
c) Other Expenditure |
2956
1242
463
1251 |
1450
837
160
453 |
5418
2392
901
2125 |
2814
1656
298
860 |
6610
3318
1019
2273 |
| 5 |
Interest |
0 |
0 |
0 |
0 |
0 |
| 6 |
Depreciation |
346 |
300 |
681 |
573 |
1186 |
| 7 |
profit (+)/loss (-) before
tax and extraordinary item and prior period adjustments
(3-4-5-6) |
1463 |
733 |
2501 |
1165 |
3269 |
| 8 |
Extraordinary items |
- |
- |
- |
- |
1010 |
| 9 |
Prior Period Adjustments |
25 |
- |
25 |
- |
- |
| 10 |
Profit(+)/Loss(-) before
tax (7-8-9) |
1438 |
733 |
2476 |
1165 |
4279 |
| 11 |
Provision for taxation |
124 |
2 |
234 |
25 |
509 |
| 12 |
Net Profit(+)/Loss(-) after
tax (10-11) |
1314 |
731 |
2242 |
1140 |
3770 |
| 13 |
Paid-up equity share capital
(Face value Rs.5/- per share) |
1671 |
1575 |
1671 |
1575 |
1663 |
| 14 |
Reserves excluding revaluation
reserve |
- |
- |
- |
- |
12514 |
| 15 |
Earning per Share (Face
value Rs.5/- per share)
Basic * (Rs.)
Diluted ** (Rs.) |
3.93
3.75 |
2.19
2.09 |
6.71
6.41 |
3.41
3.26 |
11.28
10.77 |
|
* Basic EPS has been computed on the basis of paid-up equity share
capital as on September 30, 2000 after giving effect to the stock
split.
** Diluted EPS has been computed after taking into consideration
all outstanding stock options.
Notes:
1. The above results were considered and taken on record by the
Board of Directors in their meeting held on October 19, 2000.
2. The Company has incurred a sum of Rs. 2789 lakhs on the ongoing
Capital Expenditure, additional working capital requirement and
public issue expenditure till date against the total amount of
Rs. 6040 lakhs as disclosed in the Offer Document. The balance
amount has been invested in Gilt-edged schemes of mutual funds
and fixed deposits with banks.
3. Other income of the last year includes reversal of provision
of Rs. 91 lakhs made on account of year 2000 transition.
4. The extraordinary income for last year represents the interest
income of Rs. 1010 lakhs on Initial Public Offering (IPO) funds.
5. During the quarter, the paid-up equity capital of the company
has increased from Rs. 1668 lakhs to Rs. 1671 lakhs as a result
of allotment of 32,000 equity shares to eligible employees under
the Employees Stock Offer Plan Scheme of the company.
6. The break up of Exports and domestic sales for the current
quarter/half-year versus corresponding quarter/half-year of last
year and for the financial year 1999-2000 is as under:
| |
Quarter |
Ended |
Half-year |
Ended |
Rs.
in lakhs |
| Particulars |
Sep 30, 2000 |
Sep 30, 1999 |
Sep 30, 2000 |
Sep 30, 1999 |
Year ended
Mar 31, 2000 |
| Export Sales |
4249 |
2339 |
7696 |
4288 |
10,585 |
| Domestic Sales |
191 |
59 |
324 |
81 |
144 |
| Total |
4440 |
2398 |
8020 |
4369 |
10,729 |
|
7. The break up of revenue mix ( in percentage) for the current
quarter/half-year versus corresponding quarter/half-year of last
year and for the financial year 1999-2000 is as under:
| |
Quarter |
Ended |
Half-year |
Ended |
|
| Particulars |
Sep
30, 2000 |
Sep
30, 1999 |
Sep
30, 2000 |
Sep
30, 1999 |
Year
ended Mar 31, 2000 |
| HNS
Services |
37% |
66% |
39% |
67% |
54% |
| Other
Services |
34% |
23% |
34% |
23% |
26% |
| Products |
29% |
11% |
27% |
10% |
20% |
|
8. Trading in the shares of the Company has been made compulsory
in dematerialised form for all investors with effect from June
26, 2000.
9. The shareholders of the company had approved the 2-for-1 split
of equity shares in the Annual General Meeting held on August
02, 2000.The Board of Directors had fixed September 29, 2000 as
the Record Date for determining the shareholders eligible for
stock split. The split has been given effect and the same has
been reflected in the financial statement given above.
By the Order of the Board
For Hughes Software Systems Ltd.
Place: New Delhi
Place: October 19, 2000
Arun Kumar
Managing Director
Last updated : February 2, 2004
|
