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Geodesic Information Systems Ltd
Regd Office : B-3 Lunic Industries, Cross Road No. B, MIDC, Andheri (E), Mumbai - 93
Unaudited Financial results for quarter ended 30th June, 2008
Rs.in lacs
Particulars
Quarter ended 30th
June (Unaudited)
Year ended 31st
March (audited)
2008
2007
2008
1. Net sales / income from operations
9,449.74
5,665.82
25,545.56
2. Other Income
497.81
212.90
1,237.55
3. TOTAL INCOME
9,947.55
5,878.72
26,783.11
4. Expenditure
a) Software Development Expenses
2716.15
1,333.34
7,984.78
b) Utilities
31.32
14.28
85.36
c) Staff cost
382.62
208.17
1,137.03
d) Marketing expense
13.24
11.84
91.45
e) Depreciation and amortization
723.59
498.95
3,120.73
f) Other expenditure
276.12
102.23
721.08
g) Exchange loss/ (profit) on forward contracts
300.17
(92.57)
(149.65)
h) Loss due to exchange fluctuation
(139.93)
360.80
467.94
Total Expenditure
4,303.28
2,437.04
13,458.72
5. Interest
932.43
0.23
717.52
6. Exceptional Items
-
-
-
7. Profit from Ordinary Activities before tax
4,711.84
3,441.45
12,606.87
8. Tax Expense
8a. Income Tax
740.00
395.00
1,575.00
8b. Deferred Tax (Credit) / Expense
-
-
(192.26)
8c. Fringe Benefit Tax
10.00
1.35
185.00
9. Net Profit from Ordinary Activities after tax
3,961.84
3,045.10
11,039.13
10. Prior Period Expenditure
0.04
-
(1.29)
11. Net profit for the period / year
3,961.80
3,045.10
11,040.42
12. Paid - up Share Capital
Equity Capital (FV Rs. 2)
1,843.34
1,212.85
1,843.06
Preference Capital (FV Rs. 10)
-
165.00
-
13. Reserves excluding revaluation reserves
-
-
42,308.88
14. Earning Per Share (EPS)
a) Basic and
4.30
3.34
12.09
Diluted EPS before Extraordinary items
4.26
3.33
12.00
for
the period, for the year to date and for the
previous year (not to be annualised)
b) Basic and
4.30
3.34
12.09
Diluted EPS after Extraordinary items for
4.26
3.33
12.00
the period, for the year to date and for the
previous year (not to be annualised)
15. Public shareholding :
- Number of Shares
70308883 45979079
70338687
- Percentage of shareholding
76.28
75.81
76.33
For and on behalf of the Board of Directors of
Geodesic Information Systems limited
sd/-
Date: July 29, 2008
Pankaj Kumar
Place: Mumbai
Chairman
Notes:
1.
The above unaudited results were reviewed by the Audit Committee and were
adopted by the Board of Directors at their meeting held on 29th July 2008.
2.
The unaudited results for the quarter ended 30th June 2008 of the Company on standalone basis, have been subjected to a limited review by the statutory auditors of the company.
3.
Previous period figures have been regrouped and reclassified wherever necessary.
4.
The Company has signed five new Enterprise customers across USA, Europe and
Asia during the quarter ended June 30, 2008.
5.
Geodesic has added 278,000 new retail users for the quarter ended June 30,
2008.
6.
Geodesic has added 30 new software engineers (Contributors) to our Mumbai and
Bangalore office during the period under review.
7.
During the quarter, Chandamama India Limited one of the subsidiaries of the company has launched its multi lingual website available in English, Hindi, Tamil and Telugu. The advertising and promotion revenues have been rampaging after the launch.
8.
“60th Chandamama Anniversary Book” was launched by Mr. Amitabh Bachchan during the quarter ended June 30, 2008. The 60th Anniversary book was extremely well received by users at large and has now gone in its second print cycle.
9.
Our Mundu communication and entertainment platform including the new VoIP
solution for the smart-mobile phone users has been widely accepted by users and
has been rated by prominent Editors and users as one of the ‘must have products’
on smart phones.
10. Geodesic has acquired 10,000 sq ft office space in Seepz (SEZ) Mumbai during
the quarter under review. This office is operational as on date.
11. The Board of Directors in their meeting held on 19th May 2008 has granted 700,000 (Seven Lakh) options to the employees of the Company in accordance with Geodesic Information Systems Limited ESOP Plan, 2002.
12. The Board of Directors at their meeting held on 7th July 2008 have allotted 14,085
equity shares to employees under the Geodesic ESOP Plan.
13. As per the revised guidelines from SEBI dated July 10, 2007, the Company is submitting both the consolidated and stand alone results, but will be publishing only consolidated results. The consolidated results along with stand alone results will be displayed on the company’s website.
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