Quadrant Televentures Limited.
CIN:L00000MHI946PLCI97474
Regd. Office : Autocars Compound, Adalat Road,Aurangabad (Maharashtra) - 431 005.
Tel: 91-240-2320754 Email: secretarial@infotelconnect.com Website: www.connectzone.in
Statement of Unaudited Stand Alone Financial Results for the Quarter ended September 30, 2014
(Rs in Lacs)
    Unaudited Unaudited Unaudited Unaudited Unaudited Audited
Sr. No Particulars Three months ended 30.09.14 Three months ended 30.06.14 Three months ended 30.09.13 Six months ended 30.09.14 Six months ended 30.09.13 Year ended 31.03.2014
1 Income from operations        
  (a) Income from Operations/ Services 12,715.83 11,772.63 9,975.56 24,488.46 19,185.19 40,599.52
  (b) Other Operating Income
           
  Total Income From Operations (net) 12,715.83 11,772.63 9,975.56 24,488.46 19,185.19 40,599.52
           
2 Expenses            
  (a) Employee benefits expenses 2,074.86 1,915.51 1,710.20 3,990.37 3,131.03 6,883.00
  (b)Depreciation and amortization expenses 3,232.22 3,439.08 3,277.06 6,671.30 6,376.36 12,678.05
  (c)Network operation expenditure 3,473.41 3,445.53 3,791.72 6,918.94 6,366.02 12,633.89
  (d) Interconnect Usage Charges 6,622.30 5,342.29 6,550.69 11,964.60 9,140.59 19,800.91
  (e) Infrastructure sharing charges 1,418.64 1,415.97 1,369.42 2,834.61 2,675.39 5,406.44
  (f) Sales & Marketing Expenditure 931.05 706.04 1,044.71 1,637.10 1,618.81 2,810.10
  (g) Other Expenses 1,194.11 1,053.44 1,131.94 2,247.55 1,966.82 4,067.60
  Total expenses 18,946.60 17,317.86 18,875.74 36,264.46 31,275.02 64,279.99
       
3 Profit / (Loss) from operations before other income, finance costs and exceptional items (1-2) (6,230.77) (5,545.23) (8,900.18) (11,776.00) (12,089.83) (23,680.47)
4 Other income 60.71 78.80 63.41 139.50 171.89 294.38
5 Profit / (Loss) from ordinary activities before finance costs and exceptional items (3-4) (6,170.06) (5,466.43) (8,836.77) (11,636.50) (11,917.94) (23,386.09)
6 Finance costs 669.12 676.23 683.19 1,345.34 1,379.48 2,729.99
7 Profit / (Loss) from ordinary activities after finance costs but before exceptional items (5-6) (6,839.18) (6,142.66) (9,519.96) (12,981.84) (13,297.42) (26,116.08)
8 Exceptional items - - - - - -
9 Profit / (Loss) from ordinary activities before tax (7-8) (6,839.18) (6,142.66) (9,519.96) (12,981.84) (13,297.42) (26,116.08)
10 Tax expense - - - - - -
11 Net Profit / (Loss) from ordinary activities after tax (9-10) (6,839.18) (6,142.66) (9,519.96) (12,981.84) (13,297.42) (26,116.08)
12 Extraordinary items - - - - - -
13 Net Profit / (Loss) for the period (6,839.18) (6,142.66) (9,519.96) (12,981.84) (13,297.42) (26,116.08)
14 Share of profit /(loss) of associates - - - - - -
15 Minority Interest - - - - - -
16 Net Profit / (Loss) after taxes, minority interest and share of of Profit / (Loss) of Associate (6,839.18) (6,142.66) (9,519.96) (12,981.84) (13,297.42) (26,116.08)
17 Paid up Equity Share Capital (Face Value - Rs. 10 each) 6,122.60 61,226.03 61,226.03 6,122.60 61,226.03 61,226.03
18 (a)Reserves excluding Revaluation Reserve 685.67 - 685.67 685.67 685.67 685.67
(b) Profit & Loss Account (Including accumulated losses) (151,848.68) - (181,151.61) (151,848.68) (181,151.61) (193,970.27)
19 (a) Basic and Diluted Earning Per Share before Extraordinary items (1.12) (1.01) (1.55) (2.12) (2.17) (4.27)
(b) Basic and Diluted Earning Per Share after Extraordinary items (1.12) (1.01) (1.55) (2.12) (2.17) (4.27)
Select information for the Quarter ended September 30,2014
    Unaudited Unaudited Unaudited Unaudited Unaudited Audited
Sr. No Particulars Three months ended 30.09.14 Three months ended 30.06.14 Three months ended 30.09.13 Six months ended 30.09.14 Six months ended 30.09.13 Year ended 31.03.2014
A Particulars of Shareholding
1 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%
2 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%
Particulars Three months ended 30.09.14
B INVESTOR COMPLAINTS
Pending at the beginning of the quarter Nil
Received during the quarter Nil
Disposed of during the quarter Nil
Remaining unresolved at the end of the quarter Nil
               
Statement of assets and liabilities as at September 30,2014
Unaudited Audited
Sr. No Particulars Six months ended 30.09.14 Six months ended 30.09.13 Year ended 31.03.2014
A EQUITY AND LIABILITIES
1 Shareholders' Funds
(a) Share capital 28,607.15 83,710.57 83,710.57
(b) Reserves and surplus (151,163.01) (180,465.95) (193,284.61)
Sub-Total Shareholder's funds (122,555.86) (96,755.38) (109,574.04)
2 Share application money pending allotment
3 Non-current liabilities
(a) Long-term borrowings 58,723.85 58,723.85 58,723.85
(b) Deferred tax liabilities (Net) - - -
(c) Other Long term liabilities 11,767.24 11,261.70 11,644.53
(d) Long-term provisions 543.27 432.81 472.88
Sub-Total Non-current liabilities 71,034.36 70,418.36 70,841.26
4 Current liabilities
(a) Short-term borrowings 547.14 603.09 1,006.17
(b) Trade payables 14,327.07 14,692.94 12,921.37
(c) Other current liabilities 98,249.83 76,193.72 87,428.26
(d) Short-term provisions 267.88 237.71 238.56
Sub-Total Current liabilities 113,391.93 91,727.46 101,594.36
TOTAL EQUITY AND LIABILITIES 61,870.43 65,390.44 62,861.58
B ASSETS
1 Non-current assets
(a) Fixed assets
(i) Tangible assets 34,202.66 38,014.98 37,048.37
(ii) Intangible assets 10,961.94 14,254.53 12,670.90
(iii) Capital work-in-progress 4,005.20 2,223.97 2,169.49
(b ) Non-current investments 1.00 1.00 1.00
(c) Long-term loans and advances 1,436.99 1,080.67 1,095.27
Sub-Total Non-current Assets 50,607.79 55,575.15 52,985.03
2 Current assets
(a) Current investments - - -
(b) Inventories 234.17 241.01 217.32
(c) Trade receivables 4,998.84 5,663.11 4,606.29
(d) Cash and cash equivalents 1,138.73 748.72 992.71
(e) Short-term loans and advances 4,848.91 3,136.75 4,028.87
(f) Other current assets 41.98 25.70 31.36
Sub-Total Non-current Assets 11,262.63 9,815.29 9,876.55
TOTAL ASSETS 61,870.42 65,390.44 62,861.58
NOTES:
1In terms of CDR Package dated August 13, 2009 stipulating the reduction of paid up capital and pursuant to the Order of the
Hon'ble Bombay High Court dated July 4, 2014 under Section 100 to 105 of Companies Act, 1956, which was duly registered by the
Registrar of Companies, Mumbai on Sept 3, 2014,the paid up value of the 61,22,60,268 equity shares stood reduced from Rs. 10 per
share to Re. 1 per share w.e.f. Sept 3, 2014; Consequently, paid up equity share capital also stood reduced from Rs. 612.26 Crore to
Rs. 61.22 Crore and the Accumulated Losses were written-off to the extent of Rs. 551.03 Crore on Sept 3, 2014.
2Pursuant to the notification of Schedule II of the Companies Act, 2013 ("the Act"), by the Ministry of Corporate Affairs effective 01.04.2014, the management has reassessed and changed,
wherever necessary the useful lives of its Fixed Assets to compute depreciation, to conform to the requirements of the Act.
3The 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.
4Previous period/years figures have been reclassified, wherever necessary, to make them comparable with those of the current period.
5Above results have been reviewed by the Audit Committee and taken on record by the Board of Directors in their meeting held on November 14, 2014. The same have been reviewed by the Statutory Auditor of the Company
 
By Order of the Board
For QUADRANT TELEVENTURES LIMITED.
Place : Mohali (Mr. Vinay Kumar Monga)
Date : November 14, 2014 Director
(DIN No. 03029345)