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SAVEN TECHNOLOGIES LIMITED
(Registered Office: No. 302, My Home Sarovar Plaza, Secretariat Road, Hyderabad – 500 063)
Unaudited Financial Results for the Quarter ended June 30, 2011
(Rs. in lakhs)

Sl.

No

Particulars STANDALONE CONSOLIDATED
Quarter ended Unaudited Year   ended Audited Quarter ended Unaudited Year ended Audited
30.06.2011 30.06.2010 31.03.2011 30.06.2011 30.06.2010 31.03.2011
1. Net Sales/Income from Operations 113.90 80.47 357.75 1431.88 1342.12 5110.26
2. Other Income 2.53 4.51 8.07 2.85 4.51 16.63
3. Total Income (1+2) 116.43 84.98 365.82 1434.73 1346.63 5126.89

4.

Expenditure:

a) Employees Cost 

b) Depreciation
c) Other Expenditure

d) Total

68.56

6.29

29.99

104.84

47.07

5.50

20.61

73.18

209.75

22.91

93.86

326.52

1257.91

8.27

93.65

1359.83

1212.79

7.57

79.29

1299.65

4634.74

30.76

404.61

5070.11

5. Interest 0.09 0.17 0.55 2.36 1.58 7.71
6. Exceptional items -- -- -- -- -- --

7.

Profit (+) /(Loss) (-) from Ordinary Activities before tax (3) - (4+5+6)

11.50

11.63

38.75

72.54

45.40

49.07

. Tax Expense -- -- -- 22.00 6.92 28.72
9. Net Profit (+) / (Loss) (-) from Ordinary Activities after tax, before Minority Interest (7-8) 11.50 11.63 38.75 50.54 38.48 20.35
10. Extraordinary items (net of tax expenses) -- -- -- -- -- --
11. Minority Interest -- -- -- 15.28 10.51 (7.18)
12. Net Profit (+) / (Loss) (-) for the period (9-10-11)  11.50 11.63 38.75 35.26 27.97 27.53
13. Paid-up Equity Share Capital
(Face value Rs. 10/- per share)
1087.87 1087.87 1087.87 1087.87 1087.87 1087.87
14. Reserves excluding Revaluation Reserves as at 31.03.2011 -- -- 236.33 -- -- 236.33

15.

EPS (in Rs.)  Basic and Diluted (not annualized)

0.11

0.11

0.36

0.32

0.26

0.25

16.

Public shareholding

a) No. of shares

b) % of shareholding

 

62,67,079

57.61

 

62,67,079

57.61

 

62,67,079

57.61

 

62,67,079

57.61

 

62,67,079

57.61

 

62,67,079

57.61

17.

Promoters and Promoter group Shareholding

a) Pledged/Encumbered 

    No. of Shares 

    Percentage of shares (as a % of

    the total shareholding of promoter

    and promoter group) 

    Percentage of shares (as a % of

    the total share capital of the

    Company)

b) Non-encumbered 

    No. of Shares 

    Percentage of shares (as a % of

    the total shareholding of promoter

    and promoter group)

    Percentage of shares (as a % of

    the total share capital of the

    Company)

0

0

0

NIL

0

NIL

0

0

NIL

0

0

46,11,669

100.00

0

0

42.39

0

0

0

0

0

NIL

0

NIL

0

0

NIL

0

0

46,11,669

100.00

0

0

42.39

0

0

0

0

0

NIL

 0

NIL

 0

0

NIL

 0

0

46,11,669

100.00

0

0

42.39

0

0

0

0

0

NIL

0

NIL

0

0

NIL

0

0

46,11,669

100.00

0

0

42.39

0

0

0

0

0

NIL

0

NIL

0

0

NIL

0

0

46,11,669

100.00

0

0

42.39

0

0

0

0

0

NIL

0

NIL

0

0

NIL

0

0

46,11,669

100.00

0

0

42.39

0

0

 

a.

SEGMENT WISE RESULTS

(Rs. in lakhs)

Particulars

STANDALONE

CONSOLIDATED

Quarter ended Unaudited Year ended Audited Quarter ended Unaudited Year ended Audited
30.06.2011 30.06.2010 31.03.2011 30.06.2011 30.06.2010 31.03.2011
1. Segment Revenue (net sale / income) . . . . . .

  a) Technology Consultancy Services 

  b) I T Enabled Services 

  c) Software Development & Services 

Total

Less: Inter Segment Revenue

--

2.26

111.64

113.90

--

--

1.31

79.16

80.47

--

--

8.04

349.71

357.75

--

1317.98

2.26

111.64

1431.88

--

1261.65

1.31

79.16

1342.12

--

4752.51

8.04

349.71

5110.26

--

Net Sales / Income from Operations 113.90 80.47 357.75 1431.88 1342.12 5110.26
2. Segment Results Profit (+) / (Loss) (-)  before Tax and Interest              

  a) Technology Consultancy Services 

  b) I T Enabled Services 

  c) Software Development & Services 

  Total

Less: (i)  Interest 

   (ii) Other Un-allocable Expenditure

        net of un-allocable income

--

0.25

15.10

15.35

0.09

3.76

--

0.11

12.68

12.79

0.17

0.99

--

0.90

53.24

54.14

0.55

14.84

64.03

0.25

15.10

79.38

1.42

5.42

37.25

0.11

12.68

50.04

1.58

3.06

(125.05)

0.90

53.24

(70.91)

7.71

14.13

Total Profit before Tax 11.50 11.63 38.75 72.54 45.40 49.07
  Notes:
1.

The above Unaudited Financial Results for the quarter ended June 30, 2011 have been reviewed by the Audit Committee and approved by the Board of Directors at the meeting held on August 11, 2011. In compliance with clause 41 of the Listing agreement with the Stock Exchanges, the Unaudited Financial Results of the Standalone Company will be subjected to "Limited Review" by the Statutory Auditors.

2.

The Consolidated Financial Results include results of the subsidiary, Saven Technologies Inc., USA. This has been prepared in accordance with Accounting Standard 21 on Consolidated Financial Statements issued by the Institute of Chartered Accountants of India.

3.

There were no investors' complaints pending at the beginning and end of the quarter. During the quarter, no Complaint was received.

4.

The Company believes that it is currently not practical to provide segmentwise disclosures relating to total assets and liabilities.

5.

The corresponding previous periods' figures have been regrouped / reclassified wherever necessary.

for Saven Technologies Limited
    

   

Place    : Hyderabad Murty Gudipati
Date     : August 11, 2011 Executive Director