Unaudited Financial Results (Provisional) for Quarter
Ended 31st December 1999
Archives
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Particulars |
Quarter
ended Dec 31, 1999 |
Quarter
ended Dec 31, 1998 (Previous year) |
For the
period April 1, 1999 to Dec 31, 1999 |
Previous
accounting period (15 months ended 31st March 1999)
(Audited) |
| 1 |
Net Sales/Income
from operations |
3031 |
2131 |
7401 |
8558 |
| 2 |
Other Income |
892 |
37 |
1074 |
169 |
| 3 |
Total Income |
3923 |
2168 |
8475 |
8727 |
| 4 |
Total Expenditure |
1831 |
1108 |
4646 |
5259 |
| 5 |
Interest |
0 |
3 |
0 |
44 |
| 6 |
Gross profit
(+)/loss (-) after interest but before depreciation
and taxation (3-4-5) |
2092 |
1057 |
3829 |
3424 |
| 7 |
Depreciation |
295 |
333 |
868 |
1577 |
| 8 |
Provision
for taxation |
365 |
1 |
390 |
14 |
| 9 |
Net profit
(+)/ Loss(-) ( 6-7-8) |
1432 |
723 |
2571 |
1833 |
| 10 |
Paid-up
equity share capital |
1663 |
630 |
1663 |
630 |
| 11 |
Reserves
excluding revaluation
reserves |
- |
- |
- |
4745 |
|
Notes:
1 The above results were considered
and taken on record by the Board of Directors in their meeting
held on 15th January 2000
2 Previous year's quarter figures are on estimated basis,
as there was no requirement of publishing quarterly results
last year.
3 Depreciation for the previous year includes the impact
of change in estimated life of Computer Equipment from 5 years
to 3 years resulting in additional impact on depreciation
amounting to Rs.527 lacs.
4 During the quarter, the paid up equity share capital
of the Company has increased from Rs.1575 lacs to Rs.1663
lacs as result of Initial Public Offer of 8.75 lacs equity
shares at a premium of Rs.620/- per share.Further, 9700 equity
shares were alloted to the eligible employees under
the Employees Stock Offer Plan Scheme of the Company.
5 The Company has netted off its proportionate share of
expenses incurred in connection with the Initial Public Offer
amounting to Rs.230 lacs, against Share Premium arising out
of the issue.
6 The Company has incurred a sum of Rs.14.23 crores on
the ongoing Capital Expenditure and additional working capital
requirement till date for the purposes disclosed in the Offer
Document and balance unutilised money has been kept in fixed
deposits with the Banks.
7 Other income includes one time interest income of Rs.8.37crores.
8 Y2K rollover has happened successfully and our infrastructure
and products have been working as normal as before.
By the order of the Board
For Hughes Software Systems Ltd.
(Arun Kumar)Managing Director
New Delhi
January 15, 2000
Last updated :
February 2, 2004
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