Visesh Infotecnics Ltd.

18th October, 2005. VISESH INFOTECNICS POSTS 449% INCREASE IN PROFIT AFTER TAX.

Visesh Infotecnics Ltd. - a Delhi based Enterprise Software Company announced impressive results for its second Quarter, ending September, 2005. Its revenues for the quarter were up by 22.49% over the previous quarter to INR 184.39 million. Its net earnings were up by 61.8% to INR 26.61 million over last quarter's earnings of INR 16.44 million. As compared to the corresponding quarter last year the company has increased net revenues by 135.26% (y-o-y) to INR 184.39 million whereas net profits have jumped by a whopping 449.28% (y-o-y) to INR 26.61 million.

Commenting on the results Managing Director of Visesh Infotecnics said, “Visesh Infotecnics has a product-oriented business model and has invested heavily in building products that meet customer needs and are innovative in nature. These products are rapidly gaining market acceptance, not just in India but also in overseas markets. We are also in the process of identifying intellectual property developed by other leading research organisations globally, which can be innovatively built into our products in order to offer our clients with unique solutions to their ever-growing technology-based needs. Our recent impressive results are an indication of the acceptability of our products and our diversification into faster growth and higher margin niche-areas in the realm of Information Technology. Going forward we expect to maintain profitable growth through our Mobile Telematics and Knowledge Process Outsourcing initiatives.”

A copy of our Unaudited Second Quarter Results is attached herewith for your reference.

For more information log on to: www.viseshinfo.com
Visesh Infotecnics Limited
Phone : +91-9891148992
Email : info@viseshinfo.com

UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30th September 2005
(Rs. In Lacs)
S.No.	PARTICULARS	QUARTER ENDED 30.09.2005	QUARTER ENDED 30.09.2004	HALF YEAR ENDED 30.09.2005	HALF YEAR ENDED 30.09.2004	YEAR ENDED 31.03.2005 (AUDITED)
1	Net Income from Sales & Services	1,843.95	783.78	3,413.06	1,399.39	3,546.67
2	Other income	1.63	0.27	2.23	1.75	8.75
3	Expenditure
a	(Increase)/Decrease in stock in trade	21.65	(65.63)	(33.55)	(86.67)	9.91
b	Cost of Purchases & Services	1,316.02	692.85	2,555.69	1,199.09	2,826.38
c	Staff cost	43.87	23.57	90.95	41.52	128.91
d	Other Expenditure	54.20	29.38	94.69	52.69	114.77
4	Profit before Depreciation, Interest & Tax	409.84	103.89	707.51	194.52	475.45
5	Interest	16.44	7.25	34.71	12.07	33.92
6	Depreciation	102.82	44.15	202.46	86.27	179.07
7	Profit(+)/loss(-) before tax	290.58	52.49	470.34	96.18	262.46
8	Provision for Tax -Current	24.45	4.04	39.56	7.39	19.75
	- Deferred					47.29
9	Net Profit(+)/loss(-) after tax	266.13	48.45	430.77	88.78	195.42
10	Paid up capital (Face Value of Rs. 10/- per share)	2,697.27	1,492.50	2,697.27	1,492.50	1,492.50
11	Reserves excluding revaluation reserves					2,512.92
12	Basic/Diluted EPS in Rs.	0.99	0.32	1.60	0.59	1.31
13	Aggregate of non-promoter share holding
	Number of shares	11,799,123	7,499,835	11,799,123	7,499,835	7,447,073
	Percentage of Shareholding	43.74	50.25	43.74	50.25	49.90
The Segmentwise results for the quarter ended 30th September, 2005 as per Clause 41 of the Listing Agreement are as follows :
PARTICULARS		QUARTER ENDED 30.09.2005	QUARTER ENDED 30.09.2004	HALF YEAR ENDED 30.09.2005	HALF YEAR ENDED 30.09.2004	YEAR ENDED 31.03.2005 (AUDITED)
I. Segment Revenue
a) I T Solutions & Product Support		1,458.87	700.72	2,674.65	1,237.98	3105.94
b) Mobile Telematics		33.75		59.90
c) Enterprise Software		351.33	83.06	678.51	161.41	440.73
TOTAL		1843.95	783.78	3413.06	1399.39	3546.67
Less: Inter Segment Revenue
Net Sales/Income From Operations		1843.95	783.78	3413.06	1399.39	3546.67
II. Segment Results
Profit/(Loss) before tax & Interest
a) I T Solutions & Product Support		261.28	83.65	439.93	156.17	344.60
b) Mobile Telematics		8.78		21.10
c) Enterprise Software		147.56	24.99	270.58	46.65	147.43
TOTAL		417.62	108.64	731.60	202.82	492.03
Less: (i) Interest		16.44	7.25	34.71	12.07	33.93
(ii) Other un-allocable expenditure Net Off		112.23	49.17	228.79	96.32	204.39
Add: Unallocable income		1.63	0.27	2.23	1.75	8.75
Total Profit before tax		290.58	52.49	470.34	96.18	262.46
III. Capital employed (Segment Assets-Segment Liabilities) Since Fixed Assets used in the Company's Business can not be specifically identified with any of the reportable segments as these are used interchangeably among segments, segmentwise disclosure on capital employed has not been furnished.
NOTES:-
1	The above results after review by the Audit Committee were taken on record at the meeting of the Board of Directors of the Company held on 18th October 2005.
2	Statutory Auditors of the Company have carried out the limited review of the financial results for the quarter ended 30th September 2005.
3	The Deferred Tax Liability will be considered at year end only.
4	Tax provision for Income Tax is as per the Minimum Alternate Tax u/s 115 JB of the Income Tax Act.
5	While there were no investor complaints pending at the beginning of the quarter, 13 Investor complaints were received during the quarter and have been resolved.
6	Hon'ble High Court of Delhi has approved the confirmation petition for merger of MPS Technosoft Limited with the Company vide its order dated 10/05/2005. As such the above financial results include financial results of MPS Technosoft Limited for the quarter and half year ended 30th September 2005.
7	Pursuant to the scheme of amalgamation / merger of MPS Technosoft Limited with Visesh Infotecnics Ltd., the company has allotted 11,047,650 Equity Shares on 28th July 2005 to the shareholders of MPS Technosoft Ltd.
8	Previous year/period figures have been regrouped/rearranged wherever necessary.
					By order of the Board
					For Visesh Infotecnics Limited

Place: New Delhi					KARUN JAIN
Date : 18th October 2005					Executive Director