(Formerly HFCL Infotel Ltd)
Regd. Office : B - 71, Phase - VII, Industrial Focal Point, Mohali, Punjab
| Unaudited | Unudited | Unaudited | Audited | Audited | Audited | Audited | |
| Particulars | Nine months ended 31.12.07 | Three months ended 31.03.08 | Three months ended 31.03.07 | Year ended 31.03.08 | Year ended 31.03.07 | Consolidated Financial Results Year ended 31.03.08 | Consolidated Financial Results Year ended 31.03.07 |
| Net Income From Operations / Services | 18,487.36 | 6,400.92 | 6,015.65 | 24,888.28 | 27,589.94 | 24,648.14 | 27,948.01 |
| Other Income | 74.52 | 35.01 | 14.31 | 109.53 | 63.47 | 110.83 | 64.05 |
| Total Income | 18,561.88 | 6,435.93 | 6,029.96 | 24,997.81 | 27,653.41 | 24,758.97 | 28,012.06 |
| Network Operation Expenditure | 4,817.05 | 1,220.74 | 1,190.40 | 6,037.79 | 5,034.36 | 6,157.76 | 5,313.64 |
| Interconnect Usage Charges | 4,211.64 | 1,135.25 | 1,427.70 | 5,346.89 | 6,514.13 | 5,346.89 | 6,514.13 |
| Personnel Cost | 3,607.03 | 1,188.27 | 1,197.09 | 4,795.30 | 4,616.77 | 4,931.78 | 4,836.39 |
| Sales & Marketing Expenditure | 1,537.66 | 413.62 | 342.70 | 1,951.28 | 1,311.14 | 1,951.28 | 1,311.14 |
| Administrative & Other Expenses | 3,230.90 | 1,022.30 | 1,236.39 | 4,253.20 | 4,675.08 | 4,511.22 | 5,088.97 |
| Total Expenditure | 17,404.28 | 4,980.18 | 5,394.28 | 22,384.46 | 22,151.48 | 22,898.93 | 23,064.27 |
| Operating Profit before Finance Cost and Depreciation and Loss on sale/discard of Fixed Assets | 1,157.60 | 1,455.75 | 635.68 | 2,613.35 | 5,501.93 | 1,860.04 | 4,947.79 |
| Loss on Sold/Discarded Fixed Assets | 154.71 | 22.18 | 132.05 | 176.89 | 283.59 | 249.47 | 283.60 |
| Finance Charges | 5,077.37 | 1,473.85 | 1,599.58 | 6,551.22 | 6,351.35 | 6,551.22 | 6,351.35 |
| Foreign exchange (Gain) / Loss | (561.33) | 55.03 | - | (506.30) | - | (506.30) | - |
| Depreciation / Amortization | 7,718.68 | 2,669.36 | 2,464.52 | 10,388.04 | 10,218.07 | 10,394.60 | 10,218.11 |
| Profit/(Loss) before Prior Period Expenditure and Tax from ordinary activities | (11,231.83) | (2,764.67) | (3,560.47) | (13,996.50) | (11,351.08) | (14,828.95) | (11,905.27) |
| Prior Period Expenditure (Net)Â | 185.77 | 1.16 | 214.42 | 186.93 | 218.38 | 186.93 | 218.38 |
| Profit / (Loss) before Tax from ordinary activities | (11,417.60) | (2,765.83) | (3,774.89) | (14,183.43) | (11,569.46) | (15,015.88) | (12,123.65) |
| Provision for Taxation | |||||||
| Taxation pertaining to earlier year | - | - | - | - | - | - | - |
| Fringe Benefit Tax | 41.50 | 28.66 | 14.95 | 70.16 | 63.10 | 71.41 | 67.16 |
| Net Profit / (Loss) from ordinary activities | (11,459.10) | (2,794.49) | (3,789.84) | (14,253.59) | (11,632.56) | (15,087.29) | (12,190.81) |
| Extraordinary items | - | - | - | - | - | - | - |
| Net Profit / (Loss) for the period | (11,459.10) | (2,794.49) | (3,789.84) | (14,253.59) | (11,632.56) | (15,087.29) | (12,190.81) |
| Share of Profit/(Loss) of Associate company | - | - | - | - | - | - | (651.83) |
| Net Profit / (Loss) Including share of Profit / (Loss) of Associate company | (11,459.10) | (2,794.49) | (3,789.84) | (14,253.59) | (11,632.56) | (15,087.29) | (12,842.64) |
| Paid up Equity Share Capital | 52,551.72 | 52,551.72 | 52,551.72 | 52,551.72 | 52,551.72 | 52,551.72 | 52,551.72 |
| (Face Value-Rs. 10 each) | |||||||
| Advance against Share Application Money | 8,805.42 | 8,674.31 | 8,805.42 | 8,674.31 | 8,805.42 | 8,674.31 | 8,805.42 |
| Reserves excluding Revaluation Reserve | 1,598.94 | 1,730.05 | 1,598.94 | 1,730.05 | 1,598.94 | 1,730.05 | 1,598.94 |
| Profit & Loss Account (Including accumulated losses) | (88,715.75) | (91,510.23) | (77,256.65) | (91,510.23) | (77,256.65) | (93,413.19) | (78,325.90) |
| Basic and Diluted Earning Per Share before Extraordinary items of Rs 10/- Each (not annualized) | (2.18) | (0.72) | (0.72) | (2.71) | (2.21) | (2.87) | (2.32) |
| Basic and Diluted Earning Per Share after Extraordinary items of Rs 10/- Each (not annualized) | (2.18) | (0.72) | (0.72) | (2.71) | (2.21) | (2.87) | (2.32) |
| Aggregate of Non Promoter Shareholding | |||||||
| - No. of Shares | 199,812,152 | 199,812,152 | 199,812,152 | 199,812,152 | 199,812,152 | 199,812,152 | 199,812,152 |
| - % of Shareholding | 38.02% | 38.02% | 38.02% | 38.02% | 38.02% | 38.02% | 38.02% |
| Notes: | |||||||
| 1. The auditors have qualified their report dated June 28, 2008 | |||||||
| (a) With respect to the uncertainties related to recoverability of investments (arising out of the slump sale of NBFC business in September 2002) in Investment Trust of India ('ITI') | |||||||
| Limited of Rs.71,76.70 lacs and the company's ability to arrange for funding for it to be a going concern. The management, though, is confident of arranging the funding as per its business plan and recovering the value of investments in ITI. | |||||||
| (b) With respect to the terms and conditions which are yet to be finalized in respect of an advance of Rs 1,51,75.00 lacs taken by the Company to fund the entry fee for using | |||||||
| GSM Technology under the existing Unified Access Services License (UASL) for Punjab Service Area. | |||||||
| 2. On March 26, 2008 the Company has entered into a share purchase agreement with Digicable Networks (India) Private Ltd 'DNPL' for sale of shares of CBSL Cable Networks | |||||||
| Limited (erstwhile Connect Broadband Services Limited) 'CBSL' and accordingly DNPL paid an amount of Rs 7,99.00 lacs as advance consideration towards the purchase of shares. The transfer of shares has been completed on April 16, 2008. | |||||||
| 3. Information on investors' complaints for the year is as following: Opening balance: Nil, Received during the year : two, Disposal: two, Closing Balance :Nil. | |||||||
| 4. The company is operating in a single segment viz. providing unified telephony services. | |||||||
| 5. Previous period/years' figures have been reclassified, wherever necessary, to make them comparable with those of the current period. | |||||||
| 6. Above results have been reviewed by the Audit Committee and approved by the Board of Directors in its meeting held on June 28, 2008 | |||||||
| Place : New Delhi | By Order of the Board | ||||||
| Dated: June 28, 2008 | Quadrant Televentures Limited (Formerly Known as HFCL Infotel Limited) |
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| Mahehdra Nahata | |||||||
| Chairman | |||||||