|
AUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2007 |
(Rs. in Crore except per share data) |
| |
|
Consolidated |
Standalone |
|
|
(A) |
(B) |
(C) |
(D) |
(E) |
(F) |
(G) |
(H) |
(I) |
(J) |
| Sl No |
Particulars |
Three months Ended Sept. 30-07 |
Three months Ended Sept. 30-06 |
Six months Ended Sept. 30-07 |
Six months Ended Sept. 30-06 |
Audited Year Ended Mar 31 -07 |
Three months Ended Sept. 30-07 |
Three months Ended Sept. 30-06 |
Six months Ended Sept. 30-07 |
Six months Ended Sept. 30-06 |
Audited Year Ended Mar 31 -07 |
| 1 |
Income from Operations |
71.74 |
54.21 |
141.89 |
117.88 |
278.45 |
67.77 |
46.27 |
128.73 |
100.67 |
235.38 |
| 2 |
Other Income |
5.75 |
0.31 |
9.29 |
0.70 |
1.24 |
0.14 |
0.29 |
1.06 |
0.67 |
1.10 |
| 3 |
Total Income |
77.49 |
54.52 |
151.18 |
118.58 |
279.69 |
67.91 |
46.56 |
129.79 |
101.34 |
236.48 |
| |
|
|
|
|
|
|
|
|
|
|
|
| |
a.Production Expenses |
19.97 |
13.37 |
33.45 |
26.40 |
53.30 |
16.41 |
13.39 |
29.44 |
26.44 |
51.64 |
| |
b.Personnel Expenses |
33.45 |
23.36 |
64.50 |
46.51 |
96.70 |
21.95 |
19.44 |
43.21 |
38.71 |
75.16 |
| |
c.Special employee bonus |
0.64 |
|
8.51 |
|
0.45 |
0.14 |
|
0.14 |
|
|
| |
d.Marketing, Distribution & Promotional Expenses |
15.37 |
9.77 |
27.18 |
18.72 |
40.72 |
10.29 |
9.77 |
22.10 |
18.72 |
40.72 |
| |
e.Operating & Administrative Expenses |
18.95 |
11.37 |
32.31 |
22.13 |
57.08 |
16.46 |
9.14 |
27.00 |
18.15 |
40.64 |
| 4 |
Total Expenditure |
88.38 |
57.87 |
165.95 |
113.76 |
248.25 |
65.25 |
51.74 |
121.89 |
102.02 |
208.16 |
| |
|
|
|
|
|
|
|
|
|
|
|
| 5 |
Profit/(Loss) before Interest, Depreciation & Tax |
(-10.89) |
(-3.35) |
(-14.77) |
4.82 |
31.44 |
2.66 |
(-5.18) |
7.90 |
(-0.68) |
28.32 |
| |
|
|
|
|
|
|
|
|
|
|
|
| 6 |
Finance cost |
5.79 |
0.08 |
7.84 |
0.15 |
1.05 |
0.64 |
0.08 |
0.89 |
0.15 |
1.03 |
| 7 |
Depreciation |
5.21 |
4.36 |
10.17 |
8.46 |
18.89 |
4.68 |
4.16 |
9.21 |
8.12 |
17.82 |
| |
|
|
|
|
|
|
|
|
|
|
|
| 8 |
Operating Profit/(Loss) |
(-21.89) |
(-7.79) |
(-32.78) |
(-3.79) |
11.50 |
(-2.66) |
(-9.42) |
(-2.20) |
(-8.95) |
9.47 |
| 9 |
Cost of stock options (See Note - 3) |
2.53 |
11.17 |
5.87 |
22.17 |
35.61 |
2.31 |
8.13 |
5.32 |
19.13 |
29.47 |
| 10 |
Tax Expense |
|
|
|
|
|
|
|
|
|
|
| |
- Current |
0.42 |
(-1.09) |
1.40 |
0.08 |
3.48 |
|
|
|
0.01 |
|
| |
- Tax for Earlier Years |
(0.00) |
|
|
|
(-0.68) |
|
0.01 |
|
|
(-0.11) |
| |
- Deferred |
(-1.34) |
(-14.66) |
(-2.12) |
(-15.04) |
(-14.55) |
(-1.49) |
(-14.71) |
(-2.30) |
(-15.11) |
(-14.69) |
| |
- Fringe Benefit Tax |
0.58 |
0.48 |
1.07 |
0.94 |
2.09 |
0.47 |
0.39 |
0.87 |
0.80 |
1.69 |
| 11 |
Profit/(Loss) after Tax before minority interest and Profit/(Loss) of Associate |
(-24.08) |
(-3.69) |
(-39.00) |
(-11.94) |
(-14.45) |
(-3.95) |
(-3.24) |
(-6.09) |
(-13.78) |
(-6.89) |
| |
Profit after Tax (before current quarter ESOP & Minority Interest) |
|
|
|
|
|
|
|
|
|
|
| 12 |
Share of Minority Interest |
0.26 |
0.58 |
(-0.05) |
1.01 |
2.41 |
|
|
|
|
|
| 15 |
Dividend ( including dividend tax) |
|
|
|
|
|
|
|
|
|
|
| 13 |
Share in Profits of Associate |
(-0.93) |
0.65 |
(-1.07) |
0.65 |
2.14 |
|
|
|
|
|
| 14 |
Net Profit/(Loss) carried to Reserves & Surplus |
(-25.27) |
(-3.62) |
(-40.02) |
(-12.30) |
(-14.72) |
(-3.95) |
(-3.24) |
(-6.09) |
(-13.78) |
(-6.89) |
| |
|
|
|
|
|
|
|
|
|
|
|
| 15 |
Paid -up Equity Share Capital |
25.01 |
24.48 |
25.01 |
24.48 |
24.98 |
25.01 |
24.48 |
25.01 |
24.48 |
24.98 |
| |
(Face value Rs 4/- per share) |
|
|
|
|
|
|
|
|
|
|
| 16 |
Reserves (Excluding Revaluation Reserve) |
|
|
|
|
26.12 |
|
|
|
|
22.62 |
| 17 |
Earnings Per Share (of Rs.4/-each) |
|
|
|
|
|
|
|
|
|
|
| |
Before Extraordinary Items |
|
|
|
|
|
|
|
|
|
|
| |
- Basic |
(-4.04) |
(-0.59) |
(-6.40) |
(-2.01) |
(-2.41) |
(-0.63) |
(-0.53) |
(-0.98) |
(-2.25) |
(-1.13) |
| |
- Diluted |
(-4.04) |
(-0.59) |
(-6.40) |
(-2.01) |
(-2.41) |
(-0.63) |
(-0.53) |
(-0.98) |
(-2.25) |
(-1.13) |
| |
After Extraordinary Items |
|
|
|
|
|
|
|
|
|
|
| |
- Basic |
(-4.04) |
(-0.59) |
(-6.40) |
(-2.01) |
(-2.41) |
(-0.63) |
(-0.53) |
(-0.98) |
(-2.25) |
(-1.13) |
| |
- Diluted |
(-4.04) |
(-0.59) |
(-6.40) |
(-2.01) |
(-2.41) |
(-0.63) |
(-0.53) |
(-0.98) |
(-2.25) |
(-1.13) |
| |
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|
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| 18 |
Dividend per share (face value of Rs.4 per share) |
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|
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|
|
|
|
|
|
|
| |
Final Dividend (Rs. per share) |
|
|
|
|
|
|
|
|
|
0.80 |
| |
Dividend percentage |
|
|
|
|
|
|
|
|
|
20% |
| 19 |
Aggregate of Public Shareholding |
|
|
|
|
|
|
|
|
|
|
| |
- No. of equity shares of Rs 4/- each |
29217772 |
27900032 |
29217772 |
27900032 |
29150407 |
29217772 |
27900032 |
29217772 |
27900032 |
29150407 |
| |
- percentage of Shareholding |
46.73% |
45.58% |
46.73% |
45.58% |
46.67% |
46.73% |
45.58% |
46.73% |
45.58% |
46.67% |
| Notes : |
| 1 a) |
Consolidated results of New Delhi Television Limited includes the following: |
| |
Effective Shareholding as at |
|
|
Effective Shareholding as at |
| |
September 30, 2007 |
September 30, 2006 |
|
|
September 30, 2007 |
September 30, 2006 |
| |
Subsidiaries |
|
|
Joint Venture |
|
| |
NDTV News Limited |
100% |
100% |
|
NGEN Media Services Private Limited |
50% |
N/A |
| |
NDTV Media Limited |
75.20% |
75.20% |
|
Associate |
|
| |
NDTV BV (formerly NDTV Networks BV) |
100% |
N/A |
|
Astro Awani Network Limited |
20% |
20% |
| |
NDTV Networks Plc |
100% |
N/A |
|
|
|
|
| |
NDTV Imagine Limited |
82.05% |
N/A |
|
|
|
|
| |
NDTV Lifestyle Limited |
100% |
N/A |
|
|
|
|
| |
NDTV Convergence Limited |
100% |
N/A |
|
|
|
|
| |
NDTV Labs Limited |
100% |
N/A |
|
|
|
|
| |
Emerging Markets 24X7 B.V. |
100% |
N/A |
|
|
|
|
|
| b) |
The income from operations in standalone results includes income of Rs.8.72 Crores (previous period 0.37 Crores) for the quarter ended September 30, 2007 (Col F) and Rs. 12.14 Crores (previous period 0.75 Crores) for six months (Col H) ended September 30, 2007 charged from subsidiaries towards the shared services provided by the company.
|
| 2 |
During the quarter ended September 30, 2007, the Company has issued 16,805 shares pursuant to the exercise of stock options by certain employees under the ESOP scheme. The Finance Act, 2007 included Fringe Benefit Tax (“FBT”) on Employees’ Stock Option Plan. FBT liability crystallizes on the date of exercise of stock options. Pending notification of the valuation rules, the Company has not recognised the FBT expenditure.
|
| 3 |
As per the terms of Clause 41 of the Listing Agreement, given below is the information on investor complaints for the quarter ended September 30, 2007:
|
| |
| Pending at the beginning of the quarter |
Received during the quarter |
Disposed of during the quarter |
| Nil |
5 |
5 |
|
| 4 |
The quarterly financial results have been taken on record by the Board of Directors in its meeting held on October 17, 2007.The financial results are audited and the auditors' report contains no qualifications. The auditors' report on the standalone financial statements and the consolidated financial statements for the year ended March 31, 2007 contains no qualification except for remuneration of Rs. 0.33 crores and Rs. 0.64 crores respectively paid to the directors which is subject to Central Government approval due to inadequacy of profits. The Company has initiated the process of obtaining the necessary approvals for the same.
|
| 5 |
The Company currently operates primarily in a single segment of television media and accordingly, there is no separate reportable segment. |
| 6 | Previous period figures have been regrouped/recast wherever considered necessary. |
| For and on behalf of Board of Directors |
| Place: New Delhi |
| Date: 17th October, 2007 |