Quadrant Televentures Ltd
(Formerly HFCL Infotel Ltd)
Regd. Office : B - 71, Phase - VII, Industrial Focal Point, Mohali, Punjab
Unaudited Financial Results for the Quarter and nine months period ended December 31, 2008
Amount  Rs in Lacs
  Unaudited Unudited Unaudited Unaudited Audited
Particulars Three months ended 31.12.08 Three months ended 31.12.07 Nine months
ended 31.12.08
Nine months
ended 31.12.07
Year ended
31.03.08
Net Income From Operations/Services 5,409.32 6,296.49 17,165.84 18,487.36 24,888.28
Other Operating Income 17.47 32.12 803.23 74.52 109.53
Total Income 5,426.79 6,328.61 17,969.07 18,561.88 24,997.81
           
Network Operation Expenditure 1,582.37 2,242.81 4,982.81 4,817.05 6,037.79
Interconnect Usage Charges 1,086.49 1,321.16 3,469.35 4,211.64 5,346.89
Personnel Cost 1,236.25 1,197.47 3,585.40 3,607.03 4,795.30
Sales & Marketing Expenses 533.16 773.56 1,356.41 1,537.66 1,951.28
Administrative & Other Expenses 778.10 986.60 2,567.13 3,230.90 4,253.20
Total Expenditure 5,216.37 6,521.60 15,961.10 17,404.28 22,384.46
           
Operating Profit before Finance Cost and Depreciation and Amortisation and Loss on sale/discard of Fixed Assets and Other Income 210.42 (192.99) 2,007.97 1,157.60 2,613.35
           
Other Income - - - - -
Operating Profit before Finance Cost and Depreciation and Amortisation and Loss on sale/discard of Fixed Assets 210.42 (192.99) 2,007.97 1,157.60 2,613.35
           
Loss / (Profit) on Sold/Discarded Fixed Assets (958.24) 55.35 (1,888.85) 154.71 176.89
Interest & Finance Cost 1,768.47 1,785.37 5,240.18 5,077.37 6,551.22
Foreign exchange (Gain) / Loss 140.92 (54.00) 873.45 (561.33) (506.30)
Depreciation and Amortisation 2,362.30 2,631.78 7,468.83 7,718.68 10,388.04
Profit/ (Loss) before Prior Period Expenditure and Tax from ordinary activities (3,103.03) (4,611.49) (9,685.64) (11,231.83) (13,996.50)
           
Prior Period Expenditure(Net) 34.97 98.97 174.08 185.77 186.93
           
Profit / (Loss) before Tax from ordinary activities (3,138.00) (4,710.46) (9,859.72) (11,417.60) (14,183.43)
           
Fringe Benefit Tax 12.57 15.96 39.73 41.50 70.16
           
Net Profit / (Loss) from ordinary activities (3,150.57) (4,726.42) (9,899.45) (11,459.10) (14,253.59)
           
Extraordinary items - - - - -
           
Net Profit / (Loss) for the period (3,150.57) (4,726.42) (9,899.45) (11,459.10) (14,253.59)
           
Paid up Equity Share Capital(Face Value - Rs. 10 each) 52,551.72 52,551.72 52,551.72 52,551.72 52,551.72
           
Advance against Share Application Money 8,674.31 8,805.42 8,674.31 8,805.42 8,674.31
           
Reserves excluding Revaluation Reserve 685.67 1,598.94 685.67 1,598.94 1,730.05
           
Profit & Loss Account (Including accumulated losses) (100,365.30) (88,715.75) (100,365.30) (88,715.75) (91,510.23)
           
Basic and Diluted Earning Per Share before Extraordinary items of Rs 10/- Each (not annualized) (0.60) (0.90) (1.88) (2.18) (2.71)
Basic and Diluted Earning Per Share after Extraordinary items of Rs 10/- Each (not annualized) (0.60) (0.90) (1.88) (2.18) (2.71)
           
Public Shareholding          
- No of Shares 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%
 
Notes:
1. Foreign exchange loss includes Rs 129.47 lacs representing the exchange difference arising during the three months period on amount due under the Buyers Credit Facility.
(Loan in foreign currency from foreign bank).
2. No accounting treatment is required to be given on the qualifications in Auditor's Review Report on the accounts for the six month periods ended September 30, 2008. and nine months period ended December 31, 2008.
3. Information on investors' complaints for the quarter: Opening Balance: Nil, New: Three, Disposal: Three, 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 taken on record by the Board of Directors in their meeting held on January 31, 2009. The same have been reviewed by the Statutory Auditors of the Company
   
   
Place : New Delhi By Order of the Board
Dated: January 31, 2009 Quadrant Televentures Limited
(Formerly Known as HFCL Infotel Limited)
 
  Mahehdra Nahata
  Chairman