| AUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2008 |
(Rs. in Lacs except per share data) |
| |
|
(A) |
(B) |
(C) |
| Sl No |
Particulars |
Three months Ended June 30-08 |
Three months Ended June 30-07 |
Audited Year Ended Mar. 31-08 |
| 1 |
Income from Operations |
11,941 |
7,015 |
36,613 |
| 2 |
Other Income( See Note - 6 ) |
422 |
354 |
2,181 |
| 3 |
Total Income |
12,363 |
7,369 |
38,794 |
| |
|
|
|
|
| |
a. Production Expenses |
6,985 |
1,384 |
12,165 |
| |
b. Personnel Expenses |
4,884 |
3,105 |
14,845 |
| |
c. Special employee bonus |
- |
787 |
906 |
| |
d. Marketing, Distribution & Promotional Expenses |
5,719 |
1,181 |
12,560 |
| |
e. Operating & Administrative Expenses |
3,541 |
1,336 |
9,924 |
| |
f. Depreciation |
705 |
496 |
2,309 |
| 4 |
Total Expenditure |
21,834 |
8,253 |
52,709 |
| |
|
|
|
| 5 |
Profit/(Loss) before Interest, Depreciation & Tax |
(9,471) |
(884) |
(13,915) |
| |
|
|
|
|
| 6 |
Finance cost |
1,015 |
205 |
2,419 |
|
|
|
|
|
| 7 |
Operating Profit/(Loss) |
(10,486) |
(1,089) |
(16,334) |
| 8 |
Cost of stock options |
628 |
334 |
1,350 |
| 9 |
Amount arising on dilution of stake in a subsidiary (See Note -2 ) |
64,253 |
- |
- |
| 10 |
Tax Expense |
|
|
|
| |
- Current |
70 |
98 |
390 |
| |
- Tax for Earlier Years |
- |
0 |
0 |
| |
- Deferred |
148 |
(78) |
179 |
| |
- Fringe Benefit Tax |
438 |
49 |
312 |
| 11 |
Profit/(Loss) after Tax before minority interest and Profit/(Loss) of Associate |
52,483 |
(1,492) |
(18,565) |
| 12 |
Share of Minority Interest |
(181) |
(31) |
(21) |
| 13 |
Share in Profits of Associate |
- |
(14) |
(313) |
| 14 |
Net Profit/(Loss) |
52,664 |
(1,475) |
(18,857) |
| |
|
|
|
|
| 15 |
Paid -up Equity Share Capital |
2,503 |
2,500 |
2,503 |
| |
(Face value Rs 4/- per share) |
|
|
|
| 16 |
Reserves (Excluding Revaluation Reserve) |
- |
- |
(17,308) |
| 17 |
EarningsPer Share (of Rs.4/-each) |
|
|
|
| |
Before Extraordinary Items |
|
|
|
| |
- Basic |
84.15 |
(2.39) |
(30.16) |
| |
- Diluted |
81.53 |
(2.39) |
(30.16) |
| |
After Extraordinary Items |
|
|
|
| |
- Basic |
84.15 |
(2.39) |
(30.16) |
| |
- Diluted |
81.53 |
(2.39) |
(30.16) |
| |
|
|
|
|
| 18 |
Aggregate of Public Shareholding |
|
|
|
| |
- No. of equity shares of Rs 4/- each (See Note - 5) |
30,602,843 |
29,200,967 |
24,439,017 |
| |
- percentage of Shareholding |
48.90% |
46.72% |
39.05% |
| Notes : |
| 1 |
The financial results have been taken on record by the Board of Directors in its meeting held on July 29, 2008. The financial results are audited and the auditors' report contains no qualification.The auditors report on the consolidated financial statements for the year ended March 31, 2008 contains no qualification other than remuneration of Rs. 254 Lacs paid to the directors including directors of its subsidiaries for the years ended March 31,2008 and March 31,2007 which is subject to Central Government approval due to inadequacy of profits for which the Company has initiated the process of obtaining the necessary approvals. Additionally, 100,000 stock options of the Company granted in previous year and 35,278 shares of its subsidiaries granted is subject to approval of the shareholders of the respective Companies. |
| 2 | During the quarter, the Group entered into a share subscription agreement with Universal Studios International B.V. and NBC Universal Inc. for subscription of 915,498 shares into the said overseas subsidiary for an amount of US$ 150 million (Rs,64,253 lacs) resulting in effective dilution of the Groups’ stake in the downstream subsidiaries from 100% to 74%.
|
| 3 | The Company currently operates primarily in a single segment of television media and accordingly, there is no separate reportable segment. |
| 4 | As per the terms of Clause 41 of the Listing Agreement, given below is the information on investor complaints for the quarter ended June 30, 2008: |
| |
| Pending at the beginning of the quarter |
Received during the quarter |
Disposed of during the quarter |
| Nil |
5 |
5 |
|
| 5 | Public Shareholding (Col A) disclosed above includes 12,922,498 shares representing 20.65% offered to the promoter and promoter group pursuant to an open offer which are held in an escrow account pending transfer in their favour.
|
| 6 |
Previous period figures have been regrouped/recast wherever considered necessary. |
| 7 | The above results are the
consolidated financial results for the quarter ended June 30, 2008. The standalone
financial results for the quarter ended June 30, 2008 are available on the
Company's website www.ndtv.com/Investors and also on the website of National stock Exchange, www.nseindia.com and Bombay Stock Exchange, www.bseindia.com. |
| For and On Behalf of
Directors |
| |
| Chairman |
| Place: New
Delhi |
| Date: July
29, 2008 |