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 September 30, 2011
(Rs. In Lacs)
  Unaudited Unudited Unaudited Unaudited Audited
Particulars Three months ended 30.09.11 Three months ended 30.09.10 Six months
ended 30.09.11
Six months
ended 30.09.10
Year ended
31.03.11
           
Net Income From Operations / Services 6,728.63 5,629.31 13,861.61 10,611.20 23,605.12
Other Operating Income - - - - -
           
Total Income 6,728.63 5,629.31 13,861.61 10,611.20 23,605.12
           
Network Operation Expenditure 3,733.84 4,094.05 7,640.92 7,426.05 14,400.80
Interconnect Usage Charges 1,598.29 1,048.48 3,608.41 1,796.68 5,384.84
Personnel Cost 1,101.64 1,176.17 2,275.38 2,228.98 4,537.84
Sales & Marketing Expenditure 527.85 862.02 1,028.64 2,028.92 4,023.11
Administrative & Other Expenses 951.31 799.54 1,755.82 1,575.28 2,706.05
Depreciation and Amortisation 2,875.30 3,133.17 5,858.42 6,173.08 12,302.40
           
Total Expenditure 10,788.23 11,113.43 22,167.59 21,228.99 43,355.04
           
Operating Profit /(Loss) before Finance Cost, Gain/(Loss) on sale/discard of Fixed Assets, Foreign exchange Gain /( Loss), Prior Period Expenditure, Exceptional items and Other Income (4,059.60) (5,484.12) (8,305.98) (10,617.79) (19,749.92)
           
Other Income 22.05 47.09 56.77 99.49 228.69
Operating Profit / (Loss) before Finance Cost and Exceptional items . (4,037.55) (5,437.03) (8,249.21) (10,518.30) (19,521.23)
           
Interest & Finance Cost 700.12 702.84 1,396.48 1,399.52 2,786.71
           
Profit /(Loss) before Exceptional items (4,737.67) (6,139.87) (9,645.69) (11,917.82) (22,307.94)
           
Prior Period Expenditure (Net) (33.27) 7.57 (80.49) 27.92 58.74
Net Profit / (Loss) from ordinary activities before Tax (4,704.40) (6,147.44) (9,565.20) (11,945.74) (22,366.68)
           
Tax Expenses - - - - -
Net Profit / (Loss) from ordinary activities after Tax (4,704.40) (6,147.44) (9,565.20) (11,945.74) (22,366.68)
           
Extraordinary items - - - - -
           
Net Profit / (Loss) for the period (4,704.40) (6,147.44) (9,565.20) (11,945.74) (22,366.68)
           
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
Reserves excluding Revaluation Reserve 685.67 685.67 685.67 685.67 685.67
Profit & Loss Account (Including accumulated losses) (145,935.14) (125,949.03) (145,935.14) (125,949.03) (136,369.95)
Basic and Diluted Earning Per Share before Extraordinary items of Rs 10/- Each (not annualized) (0.77) (1.00) (1.56) (1.95) (3.65)
Basic and Diluted Earning Per Share after Extraordinary items of Rs 10/- Each (not annualized) (0.77) (1.00) (1.56) (1.95) (3.65)
Public Shareholding          
- No of Shares 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%
           
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
Percentage of Shares (as % of the total Shareholding of Promoter and Promoter group) 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%
b) Non encumbered          
Number of Shares 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%
Percentage of shares (as a % of the total share capital of the Company) 17.64% 17.64% 17.64% 17.64% 17.64%
           
           
 
Statement of Assets and Liabilities
(Rs. In Lacs)
  Unaudited Unaudited
Particulars Six months
ended 30.09.11
Corresponding Six months
ended 30.09.10
(Refer Note 8 below)
Shareholder's Funds:    
(a) Capital 83,710.57 67,726.03
(b) Reserves and Surplus 685.67 685.67
Loan Funds 60,418.93 76,446.08
Total 144,815.17 144,857.78
     
Fixed Assets 48,974.47 51,172.46
Intangible Assets 20,436.17 23,824.55
Investments 1.00 1.00
Current Assets, Loans and Advances    
(a) Inventories 188.81 184.92
(b) Sundry Debtors 5,860.76 3,394.16
(c) Cash and Bank Balances 1,213.45 1,203.82
(d) Other Current Assets 1,689.59 199.07
(e) Loans and Advances 2,954.98 2,310.33
Net Current Liabilities 81,991.26 62,970.60
Net Current Provisions 447.94 410.95
Miscellaneous Expenditure (Not written off or adjusted)    
Profit and Loss Account 145,935.14 125,949.02
Total 144,815.17 144,857.78
 
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 November 12, 2011. The same have been reviewed by the Statutory Auditor of the Company.
 
   
Place : Mohali By Order of the Board
Dated: November 12, 2011 For Quadrant Televentures Limited
 
  (Mr. Babu Mohanlal Panchal)
  Director