Quadrant Televentures Ltd
(Formerly HFCL Infotel Ltd)
Regd. Office : Autocars Compound, Adalat Road, Aurangabad (Maharashtra) - 431 005.
Unaudited Stand Alone Financial Results for the quarter ended December 31, 2011
(Rs. In Lacs)
    Unaudited Unudited Unaudited Unaudited Unaudited Audited
Sl. No Particulars Three months ended 31.12.11 Three months ended 31.09.11 Three months ended 31.12.10 Nine months ended 31.12.11 Nine months ended 31.12.10 Year ended 31.03.11
               
1.a Net Income From Operations / Services 6,871.24 6,728.63 6,296.93 20,732.85 16,908.14 23,605.12
b. Other Operating Income - - - - - -
               
  Total Income 6,871.24 6,728.63 6,296.93 20,732.85 16,908.14 23,605.12
2. Expenditure            
a. Network Operation Expenditure 3,480.90 3,733.84 3,309.79 11,121.82 10,735.84 14,400.80
b. Interconnect Usage Charges 1,714.88 1,598.29 1,672.82 5,323.29 3,469.51 5,384.84
c. Personnel Cost 1,115.00 1,101.64 1,154.78 3,390.39 3,383.76 4,537.84
d. Sales & Marketing Expenditure 444.87 527.85 1,285.82 1,473.51 3,314.74 4,023.11
e. Administrative & Other Expenses 1,098.19 951.31 768.55 2,854.00 2,343.83 2,706.05
f. Depreciation and Amortisation 2,979.99 2,875.30 3,134.13 8,838.40 9,307.20 12,302.40
               
  Total Expenditure 10,833.83 10,788.23 11,325.89 33,001.41 32,554.88 43,355.04
               
3. Operating Profit / (Loss) before Other Income, Finance Cost and Exceptional items (3,962.59) (4,059.60) (5,028.96) (12,268.56) (15,646.74) (19,749.92)
               
4. Other Income 25.88 22.05 27.53 82.65 127.01 228.69
5. Operating Profit / (Loss) before Finance Cost and Exceptional items (3,936.71) (4,037.55) (5,001.43) (12,185.91) (15,519.73) (19,521.23)
               
6. Interest & Finance Cost 704.02 700.12 695.62 2,100.50 2,095.14 2,786.71
               
7. Operating Profit / (Loss) before Exceptional items (4,640.73) (4,737.67) (5,697.05) (14,286.41) (17,614.87) (22,307.94)
               
8. Exceptional Items - Prior Period Expenditure (Net) (37.56) (33.27) 1.23 (118.05) 29.16 58.74
9. Net Profit / (Loss) from ordinary activities before Tax (4,603.17) (4,704.40) (5,698.28) (14,168.36) (17,644.03) (22,366.68)
               
10. Tax Expenses - - - - - -
11. Net Profit / (Loss) from ordinary activities after Tax (4,603.17) (4,704.40) (5,698.28) (14,168.36) (17,644.03) (22,366.68)
               
12. Extraordinary items - - - - - -
               
13. Net Profit / (Loss) for the period (4,603.17) (4,704.40) (5,698.28) (14,168.36) (17,644.03) (22,366.68)
               
14. Paid up Equity Share Capital (Face Value - Rs. 10 each) 61,226.03 61,226.03 61,226.03 61,226.03 61,226.03 61,226.03
15. Reserves excluding Revaluation Reserve 685.67 685.67 685.67 685.67 685.67 685.67
16 Profit & Loss Account (accumulated losses) (150,538.30) (145,935.14) (131,647.31) (150,538.30) (131,647.31) (136,369.95)
17.a Basic and Diluted Earning Per Share before Extraordinary items of Rs 10/- Each (not annualized) (0.75) (0.77) (0.93) (2.31) (2.88) (3.65)
17.b Basic and Diluted Earning Per Share after Extraordinary items of Rs 10/- Each (not annualized) (0.75) (0.77) (0.93) (2.31) (2.88) (3.65)
18 Public Shareholding            
  - No of Shares 285,555,268 285,555,268 285,555,268 285,555,268 285,555,268 285,555,268
  - % of Shareholding 46.64% 46.64% 46.64% 46.64% 46.64% 46.64%
               
19. Promoters and Promoter Group Shareholding            
a. Pledged/Encumbered            
  Number of Shares 218,704,937 218,704,937 218,704,937 218,704,937 218,704,937 218,704,937
  Percentage of Shares (as % of the total Shareholding of Promoter and Promoter group) 66.94% 66.94% 66.94% 66.94% 66.94% 66.94%
  Percentage of shares (as a % of the total share capital of the Company) 35.72% 35.72% 35.72% 35.72% 35.72% 35.72%
b. Non encumbered            
  Number of Shares 108,000,063 108,000,063 108,000,063 108,000,063 108,000,063 108,000,063
  Percentage of Shares(as % of the total Shareholding of Promoter and Promoter group) 33.06% 33.06% 33.06% 33.06% 33.06% 33.06%
  Percentage of shares (as a % of the total share capital of the Company) 17.64% 17.64% 17.64% 17.64% 17.64% 17.64%
               
 
   
Notes:  
1. Comment on the auditors qualification.
  The Company has given effect to the term of the Revised Corporate Debt Restructuring ('CDR') Scheme dated August 13, 2009. Though the compliance of some of the terms and conditions are yet to be implemented. The Company is confident of fulfilling the remaining conditions.
2. The primary reporting of the Company has been performed on the basis of business segments. The Company has only one business segment, which is provision of unified telephony services. Accordingly, the amounts appearing in these financial results relate to this primary business segment. Further, the Company provides services only in the State of Punjab (including Chandigarh and Panchkula) and, accordingly, no disclosures are required under secondary segment reporting.
3. Information on investors' complaints for the quarter; Opening Balance: Nil, New: Zero, Disposal: Zero, Closing Balance: Nil.
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 February 11, 2012. The same have been reviewed by the Statutory Auditor of the Company
 
     
Place : Mohali By Order of the Board
Dated: February 11, 2012 For Quadrant Televentures Limited
 
  (Mr. Babu Mohanlal Panchal)
  Director