AUDITED
FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED
DECEMBER 31, 2006 |
(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 December 31-06 |
Three months Ended December 31-05 |
Nine months Ended December 31-06 |
Nine months Ended December 31-05 |
Audited Year Ended Mar 31 -06 |
Three months Ended December 31-06 |
Three months Ended December 31-05 |
Nine months Ended December 31-06 |
Nine months Ended December 31-05 |
Audited Year Ended Mar 31 -06 |
| 1 |
Income from Operations |
79.12 |
68.32 |
197.00 |
151.04 |
221.00 |
67.33 |
62.39 |
168.01 |
138.73 |
191.29 |
| 2 |
Other Income |
0.26 |
0.58 |
0.96 |
2.43 |
2.90 |
0.20 |
0.56 |
0.87 |
2.39 |
2.86 |
| 3 |
Total Income |
79.38 |
68.90 |
197.96 |
153.47 |
223.90 |
67.53 |
62.95 |
168.88 |
141.12 |
194.15 |
|
a.Production Expenses (See Note - 1(b) ) |
12.34 |
10.49 |
38.74 |
26.25 |
37.71 |
11.28 |
10.51 |
37.73 |
26.13 |
37.80 |
|
b.Personnel Expenses (See Note - 1(b) ) |
24.82 |
21.83 |
71.32 |
58.14 |
80.13 |
18.11 |
18.55 |
56.83 |
50.12 |
68.34 |
|
c.Marketing, Distribution & Promotional Expenses |
10.69 |
6.69 |
29.41 |
15.54 |
23.11 |
10.69 |
6.72 |
29.41 |
15.54 |
23.11 |
|
d.Operating & Administrative Expenses (See Note - 1(b) ) |
12.13 |
10.33 |
34.26 |
25.92 |
37.55 |
9.45 |
8.94 |
27.59 |
22.77 |
32.01 |
| 4 |
Total Expenditure |
59.98 |
49.34 |
173.73 |
125.85 |
178.50 |
49.53 |
44.72 |
151.56 |
114.56 |
161.26 |
| 5 |
Profit/(Loss) before Interest, Depreciation & Tax |
19.40 |
19.56 |
24.23 |
27.62 |
45.40 |
18.00 |
18.23 |
17.32 |
26.56 |
32.89 |
| 6 |
Interest |
0.28 |
0.02 |
0.43 |
0.02 |
|
0.28 |
0.02 |
0.43 |
0.02 |
|
| 7 |
Depreciation |
5.01 |
4.21 |
13.47 |
11.41 |
15.40 |
4.77 |
4.10 |
12.89 |
11.10 |
14.94 |
| |
| 8 |
Operating Profit/(Loss) |
14.11 |
15.33 |
10.33 |
16.19 |
30.00 |
12.95 |
14.11 |
4.00 |
15.44 |
17.95 |
| 9 |
Cost of stock options (See Note - 1(b) & 3 ) |
6.78 |
11.47 |
28.95 |
18.92 |
27.88 |
5.09 |
11.47 |
24.21 |
18.92 |
26.16 |
| 10 |
Tax Expense |
|
|
|
|
|
|
|
|
|
|
|
- Current |
1.54 |
0.99 |
1.62 |
0.99 |
4.13 |
|
0.75 |
0.01 |
0.75 |
|
|
- Deferred |
0.40 |
(0.34) |
(14.64) |
(1.12) |
(3.78) |
0.35 |
(0.35) |
(14.75) |
(1.12) |
(3.77) |
|
- Fringe Benefit Tax |
0.51 |
0.57 |
1.45 |
1.35 |
2.12 |
0.45 |
0.49 |
1.25 |
1.18 |
1.81 |
| 11 |
Profit/(Loss) after Tax before minority interest |
4.88 |
2.64 |
(7.05) |
(3.95) |
(0.35) |
7.06 |
1.75 |
(6.72) |
(4.29) |
(6.25) |
| 12 |
Profit after Tax (before current quarter/period ESOP & Minority Interest) |
9.95 |
14.11 |
12.16 |
14.97 |
27.53 |
10.44 |
13.22 |
9.34 |
14.63 |
19.91 |
| 13 |
Share of Minority Interest |
0.90 |
0.13 |
1.91 |
0.05 |
1.63 |
|
|
|
|
|
| 14 |
Share in Profits of Associate |
0.84 |
|
1.49 |
|
|
|
|
|
|
|
| 15 |
Net Profit/(Loss) carried to Reserves & Surplus |
4.82 |
2.51 |
(7.47) |
(4.00) |
(1.98) |
7.06 |
1.75 |
(6.72) |
(4.29) |
(6.25) |
| 16 |
Paid -up Equity Share Capital |
24.56 |
24.32 |
24.56 |
24.32 |
24.32 |
24.56 |
24.32 |
24.56 |
24.32 |
24.32 |
|
(Face value Rs 4/- per share) |
|
|
|
|
|
|
|
|
|
|
| 17 |
Reserves (Excluding Revaluation Reserve) |
|
|
|
|
46.69 |
|
|
|
|
35.36 |
| 18 |
Earnings Per Share (of Rs.4/-each) |
|
|
|
|
|
|
|
|
|
|
|
Before ESOP cost: |
|
|
|
|
|
|
|
|
|
|
|
- Basic & Diluted |
1.52 |
2.30 |
1.92 |
2.46 |
4.26 |
1.70 |
2.17 |
1.53 |
2.41 |
3.28 |
|
After ESOP cost: |
|
|
|
|
|
|
|
|
|
|
|
- Basic |
0.78 |
0.41 |
(1.22) |
(0.66) |
(0.32) |
1.15 |
0.29 |
(1.10) |
(0.70) |
(1.03) |
|
- Diluted |
0.75 |
0.41 |
(1.22) |
(0.66) |
(0.32) |
1.09 |
0.29 |
(1.10) |
(0.70) |
(1.03) |
| 19 |
Dividend per share (face value of Rs.4 per share) |
|
|
|
|
|
|
|
|
|
|
|
Final Dividend (Rs. per share) |
|
|
|
|
|
|
|
|
|
0.80 |
|
Dividend percentage |
|
|
|
|
|
|
|
|
|
20% |
| 20 |
Aggregate of Non Promoter Shareholding |
|
|
|
|
|
|
|
|
|
|
|
- No. of equity shares of Rs 4/- each |
28,097,282 |
27,496,032 |
28,097,282 |
27,496,032 |
27,496,032 |
28,097,282 |
27,496,032 |
28,097,282 |
27,496,032 |
27,496,032 |
|
- percentage of Shareholding |
45.76% |
45.22% |
45.76% |
45.22% |
45.22% |
45.76% |
45.22% |
45.76% |
45.22% |
45.22% |
| Notes : |
| 1a) |
The Company in the current quarter has incorporated a new subsidiary, NDTV Networks BV in Netherlands. 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. All these subsidiaries are currently wholly owned by their respective parents and would engage in implementing the new business initiatives to be undertaken by the Company. |
| b) |
The standalone results for the quarter and the nine months ended December 31, 2006 (Col F& Col H respectively) are net of costs amounting to Rs. 5.21 crores reimbursable by NDTV Networks Plc and its subsidiaries, being the costs attributable to these initiatives. |
| 2 |
The Company operates in a single segment of television media and accordingly, there is no separate reportable segment. |
| 3 |
During the quarter ended December 31, 2006 , the Company has issued 197,250 (previous year nil) shares pursuant to the exercise of stock options by certain employees under the ESOP scheme. |
| 4 |
As per the terms of Clause 41 of the Listing Agreement, given below is the information on investor complaints for the quarter ended December 31, 2006: |
|
| Pending at the beginning of the quarter |
Received during the quarter |
Disposed of during the quarter |
| Nil |
13 |
13 |
|
| 5 |
Consolidated results include the results of 100% (previous period 100%) subsidiary NDTV News Limited and 75.20% (previous period 85%) subsidiary NDTV Media Limited, 100% (previous period nil) of NDTV Networks BV group and 20% (previous period nil) of its associate Astro Awani Network Limited. |
| 6 |
The quarterly financial statements have been taken on record by the Board of Directors in its meeting held on January 17,2007.The financial statements are audited and the auditors' report contains no qualifications. |
| 7 |
The auditors' report for the year ended March 31,2006 contains no qualification except for remuneration of Rs. 1.74 crores paid to the directors which is subject to Central Government approval and/or shareholders' approval as the case may be, due to inadequacy of profits. The Company has obtained the shareholders' approval in the annual general meeting held on July 18, 2006 and also obtained the approval from the Central Government for remuneration paid to the directors except for the employee stock options granted to one of the directors for which the Central Government approval is awaited. |
| 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: 17th January , 2007 |