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Your Location : Home > Investor Relations > Quarterly Releases > Audited Financial Results - Q2 Results 2001


Audited Financial Results for the Quarter ended September 30, 2001


Rs
. in Million
    Quarter Ended Half-year ended Year ended
S.No Particulars Sept 30, 2001 Sept 30, 2000 Sept 30, 2001 Sept 30, 2000 March 31, 2001
1. Net Sales/Income from operations 536 444 1170 802 1985
2. Other Income 38 33 70 58 110
3. Total Income 574 477 1240 860 2095
4.

Total expenditure

-Staff cost

-Other expenditure

443

229

214

296

124

172

859

468

391

542

240

302

1264

592

672

5. Interest 0 0 0 0 0
6. Depreciation 53 35 101 68 149
7. Profit(+)/loss(-) before tax & prior period adjustments. (3-4-5-6) 78 146 280 250 682
8. Prior Period Adjustments - 3 - 3 2
9. Provision for taxation 15 12 30 23 51
10. Net Profit(+)/loss(-) after tax (7-8-9) 63 131 250 224 629
11. Paid-up equity share capital(Face value Rs.5/- per share) 167 167 167 167 167
12. Reserves excluding revaluation reserves NA NA NA NA 1834
13.

Earning Per Share

(Face value Rs.5/- per share)

Basic * ( Rs.)

Diluted* ( Rs.)

 

 

1.88

1.88

 

 

3.93

3.75

 

 

7.48

7.48

 

 

6.71

6.41

 

 

18.85

18.53

14.

Aggregate of non- promoter

Shareholding

Number of shares

Percentage of holding (to total shareholding)

 

 

14,832,631

44.28

14,751,354

44.14

14,832,631

44.28

14,751,354

44.14

14,756,439

44.15


* Basic and Diluted EPS have been computed in accordance with "Accounting Standard 20" issued by the Institute of Chartered Accountants of India.

Notes:

  1. The above results were taken on record by the Board of Directors at their meeting held at New Delhi on October 11, 2001.
  2. During the quarter, the paid-up equity capital of the company has increased from Rs. 167.466 million to Rs. 167.496 million as a
  3. result of allotment of 6,180 equity shares to eligible employees under the Employees Stock Offer Plan Scheme of the company.
  4. The company provides a group of related products and services in telecommunication segment, which are not distinguishable and are subject to same risks and returns. Based on the definition of "business segments" given in Accounting Standard 17 issued by the Institute of Chartered Accountants of India, the company’s operations fall in the Telecommunication Business Segment.

    Rs. In Million
        Quarter Half-year
    S.No Particulars September 30,2001 September30, 2001
    1. Segment Revenue    
      Telecom 536 1170
      Less: Inter Segment Revenue NA NA
      Net Sales/Income from Operations 536 1170
    2. Segment Results    
      Profit(+)/Loss before tax and interest    
      Telecom 40 210
      Less: Interest - -
      Other income 38 70
      Total Profit Before Tax 78 280
    3. Capital Employed    
      Telecom 2257 2257

  5. The break up of Exports and Domestic sales for the current quarter/half year versus corresponding quarter/half year of last year & for the financial year 2000-01 is as under:

    Rs. In Million
      Quarter Ended Half year Ended Financial Year ended
    Particulars Sept. 30, 2001 Sept. 30, 2000 Sept. 30, 2001 Sept. 30, 2000 March 31, 2001
    Export Sales 533 425 1157 770 1929
    Domestic Sales 3 19 13 32 56
    Total 536 444 1170 802 1985

  6. The break up of revenue mix ( in percentage) for the current quarter/half year versus corresponding quarter/half year of last year & for the financial year 2000-01 is as under:

        Quarter Ended Half year Ended Financial Year ended
    S. No. Particulars Sept. 30, 2001 Sept. 30, 2000 Sept. 30, 2001 Sept. 30, 2000 March 31, 2001
    A Services- HNS 46% 37% 41% 39% 36%
    Services- Others 41% 34% 38% 34% 36%
    B Products 13% 29% 21% 27% 28%

  7. Provision for taxation includes Rs. 0.5 million for the current quarter and Rs. 3.2 million for the current half year, towards deferred tax provision.
  8. The shareholders in the Annual General Meeting held on September 28, 2001 have approved inter-alia (a) the proposal for increase in the FII’s Investment limit from 24% to 49 % of the paid up equity capital of the Company (b) dividend @ 40% on the Equity Share capital for the financial year 2000-01 to all the shareholders whose names appeared in Register of Members as on September 22, 2001.
  9. Previous quarter/half year & financial year figures have been regrouped/rearranged, wherever necessary.

By the Order of the Board For
Hughes Software Systems Ltd.
Place: New Delhi
Date: October 11, 2001

Vimal Khanna
Vice President (Finance) & CFO

Arun Kumar
Managing Director

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Last updated : February 2, 2004

 

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