Quadrant Televentures Ltd
(Formerly HFCL Infotel Ltd)
Regd. Office : B - 71, Phase - VII, Industrial Focal Point, Mohali, Punjab
Unaudited Financial Results for the Quarter ended September 30, 2008
Amount  Rs in Lacs
  Unaudited Unudited Unaudited Unaudited Audited
Particulars Three months ended 30.09.08 Three months ended 30.09.07 Six months
ended 30.09.08
Six months
ended 30.09.07
Year ended
31.03.08
           
Net Income From Operations / Services 5,828.84 6,121.61 11,756.52 12,219.43 24,888.28
Other Income 753.61 27.95 785.76 42.40 109.53
           
Total Income 6,582.45 6,149.56 12,542.28 12,261.83 24,997.81
           
Network Operation Expenditure 1,689.23 1,389.76 3,400.43 2,565.21 6,037.79
Interconnect Usage Charges 1,187.48 1,469.23 2,382.86 2,923.01 5,346.89
Personnel Cost 1,136.35 1,219.89 2,349.15 2,409.23 4,795.30
Sales & Marketing Expenditure 393.06 469.95 823.25 756.60 1,951.28
Administrative & Other Expenses 883.69 1,093.12 1,789.04 2,244.30 4,253.20
           
Total Expenditure 5,289.81 5,641.95 10,744.73 10,898.35 22,384.46
           
Operating Profit before Finance Cost and Depreciation and Loss on sale/discard of Fixed Assets 1,292.64 507.61 1,797.53 1,363.48 2,613.35
           
Loss / (Profit) on Sold / Discarded Fixed Assets (966.91) 27.28 (931.92) 99.36 Â 176.89
Interest & Finance Cost 1,762.19 1,695.50 3,471.71 3,302.00 6,551.22
Foreign exchange (Gain) / Loss 354.39 (136.55) 732.53 (507.32) (506.30)
Depreciation / Amortization 2,500.10 2,570.59 4,972.50 5,086.90 10,388.04
           
Profit/(Loss) before Prior Period Expenditure and Tax from ordinary activities (2,357.13) (3,649.21) (6,447.27) (6,617.46) (13,996.50)
           
Prior Period Expenditure (Net)Â 103.06 33.58 139.11 66.79 186.93
           
Profit / (Loss) before Tax from ordinary activities (2,460.19) (3,682.79) (6,586.38) (6,684.25) (14,183.43)
           
Fringe Benefit Tax 11.10 12.89 27.16 22.11 70.16
           
Net Profit / (Loss) from ordinary activities (2,471.29) (3,695.68) (6,613.54) (6,706.36) (14,253.59)
           
Extraordinary items - - - - -
           
Net Profit / (Loss) for the period (2,471.29) (3,695.68) (6,613.54) (6,706.36) (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 Â 1,598.94 1,730.05
Profit & Loss Account (Including accumulated losses) (97,079.38) (83,963.01) (97,079.38) (83,963.01) (91,510.23)
Basic and Diluted Earning Per Share before Extraordinary items of Rs 10/- Each (not annualized) (0.47) (0.70) (1.26) (1.28) (2.71)
Basic and Diluted Earning Per Share before Extraordinary items of Rs 10/- Each (not annualized) (0.47) (0.70) (1.26) (1.28) (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 309.99 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. Information on investors' complaints for the quarter: Opening Balance: Nil, New: Two, Disposal: Two, Closing Balance: Nil.
3. The company is operating in a single segment viz.providing unified telephony services.
4. Previous period/years figures have been reclassified, wherever necessary, to make them comparable with those of the current period.
5. Above results have been reviewed by the Audit Committee and taken on record by the Board of Directors in their meeting held on October 30, 2008. The same are subject to limited review by the Statutory Auditors of the Company
   
Place : New Delhi By Order of the Board
Dated: October 30, 2008 Quadrant Televentures Limited
(Formerly Known as HFCL Infotel Limited)
 
  Mahehdra Nahata
  Chairman