Astra Microwave Products Limited : Audited Financial statement for the 3rd Quarter

Astra Microwave Products Limited R

Astra Towers, Survey No.12(P), Kondapur

Hi-tech City, Hyderabad - 500 084. A.P., INDIA

www.astramwp.com

Audited Financial Statements for the Third Quarter and Nine Months ended 31.12.2011

(in ` lakh)

Particulars Quarter Ended 31/12/11 30/09/11 31/12/10 Nine Months Ended 31/12/11 31/12/10 Year Ended 31/03/11

1. Net sales/income from operations 4891.65 3,850.46 5688.33 11452.83 11572.71 16113.53
2. Expenditure
a. (Increase)/decrease in stock in trade and work in progress (341.45) (2,148.60) 421.14 (3329.24) (520.90) (311.19) b. Consumption of Raw-materials 1587.42 3,571.00 2209.03 6868.32 5927.71 7806.96 c. Other manufacturing expenditure 220.68 147.12 144.46 473.69 361.70 480.35 d. Employee cost 466.44 407.92 687.35 1414.55 1708.26 2423.54 e. Depreciation 320.52 308.68 310.29 914.27 915.57 1241.70 f. Sales tax, VAT and Service tax 210.36 154.95 183.95 444.67 358.02 506.73 g. Other expenditure 770.01 447.65 257.80 1579.87 627.73 1024.21 h. Total 3233.98 2,888.72 4214.03 8366.13 9378.09 13172.30
3. Profit from Operations before interest & exceptional items(1-2) 1657.67 961.74 1474.30 3086.70 2194.62 2941.23
4. Other income 31.78 28.02 73.51 92.78 164.69 193.85
5. Profit before interest and exceptional items(3+4) 1689.45 989.76 1547.81 3179.48 2359.31 3135.08
6. Interest 160.23 135.71 194.89 388.51 496.51 692.27
7. Profit after interest but before exceptional items(5-6) 1529.22 854.05 1352.92 2790.97 1862.80 2442.81
8. Exceptional items 0.38 -0.01 0.00 0.37 0.45 5.72
9. Profit(+)/Loss(-) before tax (7-8) 1528.84 854.06 1352.92 2790.60 1862.35 2437.09
10. Tax expense 448.20 208.65 299.75 724.13 368.62 577.62
11. Net Profit(+)/Loss(-) from Ordinary Activities after tax (9-10) 1080.64 645.41 1053.17 2066.47 1493.73 1859.47
12. Extraordinary items(net of tax expense `) 0.00 245.46 1.05 245.46 0.07 -1.05
13. Net Profit/(Loss)for the period(11-12) 1080.64 890.87 1054.22 2311.93 1493.80 1860.52
14. Paid-up equity share capital-face value of `2/-each 1636.50 1,636.50 1636.50 1636.50 1636.50 1636.50
15. Reserves excluding Revaluation Reserves as per balance sheet of
previous accounting year. 12839.59
16. Earnings per share
a. Basic and diluted EPS before 1.32 0.79 1.29 2.53 1.83 2.27 extraordinary items for the period.
b. Basic and diluted EPS after
extraordinary items for the period. 1.32 1.09 1.29 2.83 1.83 2.27
17. Public shareholding
- Number of shares 66,243,576 66,210,803 66,307,928 66,243,576 66,307,928 66,351,284
- Percentage of shareholding. 81.00 80.92 81.04 81.00 81.04 81.08
18. Promoters and Promoter group Shareholding
a Pledged/Encumbered Nil Nil Nil Nil Nil Nil
- Number of shares
- Percentage of shares (as a% of the total shareholding of
promoter and promoter group) Nil Nil Nil Nil Nil Nil
- Percentage of shares (as a% of the total share capital of the Company) Nil Nil Nil Nil Nil Nil
b. Non-encumbered
- Number of shares 15,581,649 15,614,422 15,517,297 15,581,649 15,517,297 15,473,941
- Percentage of shares (as a% of the total shareholding of
promoter and promoter group) 100.00 100 100.00 100.00 100.00 100.00

Highlights

For the period ended

31st December, 2011.

@ Surpassed the net profit of the previous year within

9 months of this year.

1%

SALES

34%

PBDIT

55%

PAT

- Percentage of shares (as a% of the total share capital of the Company)
19.04 19.08 18.96 19.04 18.96 18.91

Notes:

l To facilitate comparison, figures of the previous periods/year have been re-arranged where necessary.

l Due to delay in sanction of export license, the Company was not able to bill and export `12 cr worth of exports which were manufactured and kept ready.

l In terms of Listing Agreement, the details of investors complaints for the quarter ended are: Beginning:0;Received and disposed:3;Pending:0

l The Company has one business segment only, viz., design, development and manufacture of Microwave Components and sub-systems and hence segment-wise information is not applicable.

l As on date the Company has `412 cr worth of executable orders on hand.

l The above financial results were reviewed by the Audit Committee and taken on record by the Board of Directors at their meeting held on 28.01.2012.

For and on behalf of the Board of Directors

Hyderabad: 28-01-2012

Shiban.K.Koul

Chairman

Size: 24 x 22 cm