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    Quarterly Results
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    AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED
    MARCH 31, 2007
    (Rs. in Crore except per share data)
        Consolidated Standalone
        (A) (B) (C) (D) (E) (F) (G) (H) (I) (J)
    Sl No Particulars Nine Months Ended December 31-06 Three months Ended March 31-07 Three months Ended March 31-06 Audited Year Ended Mar 31 -07 Audited Year Ended Mar 31 -06 Nine Months Ended December 31-06 Three months Ended March 31-07 Three months Ended March 31-06 Audited Year Ended Mar 31 -07 Audited Year Ended Mar 31 -06
    1 Income from Operations 197.00 81.45 69.95 278.45 221.00 168.01 67.37 52.56 235.38 191.29
    2 Other Income 0.96 0.28 0.49 1.24 2.90 0.87 0.23 0.47 1.10 2.86
    3 Total Income 197.96 81.73 70.44 279.69 223.90 168.88 67.60 53.03 236.48 194.15
    a.Production Expenses (See Note - 1(a) ) 38.74 14.56 11.47 53.30 37.71 37.73 13.91 11.49 51.64 37.80
    b.Personnel Expenses (See Note - 1(b) ) 71.32 25.83 22.08  97.15 80.13 56.83 18.33 18.30 75.16 68.34
    c.Marketing, Distribution & Promotional Expenses 29.41 11.31 7.57  40.72 23.11 29.41 11.31 7.57 40.72 23.11
    d.Operating & Administrative Expenses (See Note - 1(b) ) 34.26 22.82 11.36 57.08 37.55 27.59 13.05 9.16 40.64 32.01
    4 Total Expenditure 173.73 74.52  52.48 248.25 178.50 151.56 56.60 46.52 208.16 161.26
    5 Profit/(Loss) before Interest, Depreciation & Tax 24.23 7.21 17.96 31.44 45.40 17.32 11.00 6.51 28.32 32.89
    6 Interest 0.43 0.62 1.05  - 0.43 0.60 -   1.03  - 
    7 Depreciation 13.47  5.42 4.16 18.89 15.40 12.89 4.93 4.01 17.82 14.94
                
    8 Operating Profit/(Loss) 10.33  1.17 13.80 11.50 30.00 4.00 5.47 2.50 9.47 17.95
    9 Cost of stock options (See Note - 1(b) & 5 ) 28.95 6.66 8.96 35.61 27.88 24.21 5.26 7.24 29.47 26.16
    10 Tax Expense                    
    - Current 1.62 1.86 3.14 3.48 4.13 0.01   (0.01) (0.75) -
    -Tax for Earlier Years written back - (0.68) - (0.68) - - (0.11) - (0.11) -
    - Deferred (14.64) 0.09 (2.66) (14.55) (3.78) (14.75) 0.06 (2.65)  (14.69) (3.77)
    - Fringe Benefit Tax 1.45  0.64 0.76 2.09 2.12 1.25 0.44 0.63 1.69 1.81
    11 Profit/(Loss) after Tax before minority interest and Profits of Associate (7.05) (7.40) 3.60 (14.45) (0.35) (6.72) (0.17) (1.97) (6.89) (6.25)
    12 Share of Minority Interest 1.91 0.50 1.58  2.41 1.63
    13 Share in Profits of Associate 1.49 0.65 - 2.14 -
    14 Net Profit/(Loss) carried to Reserves & Surplus (7.47) (7.25) 2.02 (14.72) (1.98) (6.72) (0.17) (1.97) (6.89) (6.25)
    15 Paid -up Equity Share Capital 24.56 24.98 24.32 24.98 24.32 24.56  24.98 24.32 24.98 24.32
    (Face value Rs 4/- per share)                    
    16 Reserves (Excluding Revaluation Reserve) - -     -   26.12 46.69  - - - 22.62 35.36
    17 Earnings Per Share (of Rs.4/-each)                    
    - Basic (1.22) (1.19) 0.33 (2.41) (0.32) (1.10) (0.03) (0.32) (1.13) (1.03)
    - Diluted (1.22) (1.19) 0.33 (2.41) (0.32) (1.10) (0.03) (0.32) (1.13) (1.03)
    18 Dividend per share (face value of Rs.4 per share)                     
    Final Dividend (Rs. per share)                

     0.80

    0.80
    Dividend percentage                

     20%

    20%
    19 Aggregate of Public Shareholding                    
    - No. of equity shares of Rs 4/- each

    28,097,282

    29,150,407

    27,496,032

    29,150,407

    27,496,032

    28,097,282

    29,150,407

    28,097,282

    29,150,407

    27,496,032

    - percentage of Shareholding

    45.76%

    46.67%

    45.22%

    46.67%

    45.22%

    45.76%

    46.67%

    45.76%

    46.67%

    45.22%

    Notes :
    1a) Consolidated results of NDTV Group include the results of 100% (previous period 100%) subsidiary NDTV News Limited and 75.20% (previous period 81.18%) subsidiary NDTV Media Limited, 100% (previous period n.a) of NDTV Networks BV group and 20% (previous period n.a) of its associate Astro Awani Network Limited. NDTV Networks BV wholly owns NDTV Networks Plc and its underlying subsidiaries NDTV Imagine Limited, NDTV Lifestyle Limited, NDTV Convergence Limited and NDTV Labs Limited and 50% in NGEN Media Services Private Limited. The NDTV Group also includes results of100% (previous period n.a) subsidiary Emerging Markets 24X7 B.V. incorporated as a 50% Dutch joint venture with NNPLC. All these subsidiaries would engage in implementing the new business initiatives to be undertaken by the Company.
    b) During the year, NNPLC has incurred costs amounting to Rs.11.2 Crores in relation to these initiatives including Rs 6.4 Crores reimbursed to NDTV for conceptualisng, setting up and other services rendered in relation to the new businesses and Rs 1.53 Crores relating to the issue of shares to ComVentures (Refer note 2 below). The cost incurred during the quarter was Rs 6 Crores.
    2 NNPLC has raised US $20 Million through Investments by ComVentures V.I., L.P in preferred stock and warrants with an option to purchase preferred stock which would automatically convert to common stock at a specified rate in case NNPLC decides for an Initial Public Offering (IPO) resulting in dilution of Group's stake by not below 4.87% from currently 100%.
    3 Subsequent to the year end NNPLC has entered into a non binding agreement with investment bankers for underwriting subscription of upto US$ 100 million step up coupon convertible bonds due 2012. The interest rate varies progressively from 4% in the first 12 months, 6% between 12 to 24 months to 9% between 24 to 60 months. The bondholders have the option to convert the bonds to equity capital at a conversion ratio that vary depending upon the status of predetermined events, as defined in the agreement, at the time of the conversion. The repayment of the bonds is required to be guaranteed by New Delhi Television Limited. The potential dilution on conversion is likely to be not below 20%.
    4 The Company currently operates primarily in a single segment of television media and accordingly, there is no separate reportable segment.
    5 During the quarter and the year ended March 31, 2007, the Company has issued 1,053,125 (previous year nil) and 1,654,375 shares (previous year nil) respectively pursuant to the exercise of stock options by certain employees under the ESOP scheme. This includes 824,375 shares granted pursuant to accelerated vesting of options, which were due to be vested in the normal course during July to December 2007. The additional cost of stock options as a result of accelerated vesting amounting to Rs 2.54 crores has been charged to expenditure during the current quarter.
    6 As per the terms of Clause 41 of the Listing Agreement, given below is the information on investor complaints for the quarter ended March 31, 2007:
    Pending at the beginning of the quarter Received during the quarter Disposed of during the quarter
    Nil 5 5
    7 The audited financial statements for the year ended March 31, 2007 have been taken on record by the Board of Directors in its meeting held on May 22, 2007.The financial statements are audited and the auditors' report contains no qualifications except for remuneration of Rs.0.64 Crores paid to the directors which is subject to Central Government approval due to inadequacy of profits. The information presented above is extracted from audited financial statements as stated.
    8 Previous period figures have been regrouped/recast wherever considered necessary.
    For and on behalf of Board of Directors
    Dr.Prannoy Roy
    Chairman
    Place: New Delhi
    Date: 22nd May , 2007