Kadvani Securities Limited announced audited standalone earnings results for the fourth quarter and full year ended March 31, 2013. For the quarter, the company reported loss from operations before other income, finance costs and exceptional items of INR 11.274 million compared to profit from operations before other income, finance costs and exceptional items of INR 6.308 million reported a year ago. Net loss was INR 11.434 million or INR 1.03 per basic and diluted share before and after extraordinary items compared to net profit of INR 36.053 million or INR 3.41 per basic and diluted share before and after extraordinary items reported a year ago. Net sales were INR 36.525 million compared to INR 21.235 million reported a year ago. Loss from ordinary activities before tax was INR 11.276 million against profit from ordinary activities before tax of INR 36.047 million a year ago. For the year, the company reported loss from operations before other income, finance costs and exceptional items of INR 23.384 million compared to INR 31.510 million reported a year ago. Net profit was INR 0.569 million or INR 0.05 per basic and diluted share before and after extraordinary items compared to net loss of INR 1.714 million or INR 0.16 per basic and diluted share before and after extraordinary items reported a year ago. Net sales were INR 41.984 million compared to INR 25.401 million reported a year ago. Profit from ordinary activities before tax was INR 0.727 million against loss from ordinary activities before tax of INR 1.720 million a year ago.

Kadvani Securities Limited, Board Meeting, May 13, 2013. Agenda: To consider the audited results.

Kadvani Securities Limited reported unaudited standalone earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, the company reported total income from operations of INR 7.288 million against total loss from operations of INR 1.495 million for the same period previous year. Loss from operations before other income, finance costs and exceptional items was INR 0.998 million against INR 1.762 million for the same period of previous year. Loss from ordinary activities before tax was INR 0.848 million against INR 1.762 million for the same period of previous year. Net loss was INR 0.848 million or INR 0.08 basic and diluted per share before and after extraordinary items compared to INR 1.762 million or INR 0.17 basic and diluted per share before and after extraordinary items for the same period of previous year. For the nine months period, the company reported total income from operations of INR 5.459 million against INR 3.847 million for the same period previous year. Loss from operations before other income, finance costs and exceptional items was INR 12.121 million against INR 37.824 million for the same period of previous year. Profit from ordinary activities before tax was INR 12.002 million against loss from ordinary activities before tax of INR 37.767 million for the same period of previous year. Net profit was INR 12.002 million or INR 1.14 basic and diluted per share before and after extraordinary items compared to net loss of INR 37.762 million or INR 3.57 basic and diluted per share before and after extraordinary items for the same period of previous year.