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AUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2007 (Rs. in Crore except per share data)
    Consolidated Standalone
    (A) (B) (C) (D) (E) (F)
Sl No
Particulars Three Months Ended June 30-07 Three Months Ended June 30-06 Audited Year Ended March 31 -07 Three Months Ended June 30-07 Three Months Ended June 30-06 Audited Year Ended March 31 -07
1
Income from Operations ( See Note 1(b) )
70.15
63.67
278.45
60.96
54.41
235.38
2
Other Income
3.54
0.40
1.24
0.92
0.38
1.10
3
Total Income
73.69
64.07
279.69
61.88
54.79
236.48
 
 
 
 
 
 
 
a.Production Expenses
13.48
13.03
53.30
13.03
13.05
51.64
b.Personnel Expenses
31.05
23.15
96.70
21.26
19.28
75.16
c.Special employee bonus
7.87
-
0.45
-
-
-
d.Marketing, Distribution & Promotional Expenses
11.81
8.95
40.72
11.81
8.95
40.72
e.Operating & Administrative Expenses
13.36
10.76
57.08
10.54
9.01
40.64
4
Total Expenditure
77.57
55.89
248.25
56.64
50.29
208.16
 
 
 
 
 
 
 
5
Profit/(Loss) before Finance cost, Depreciation, Cost of stock options & Tax
(3.88)
8.18
31.44
5.24
4.50
28.32
6
Finance cost ( See Note 2 )
2.05
0.07
1.05
0.26
0.07
1.03
7
Depreciation
4.96
4.11
18.89
4.53
3.96
17.82
8
Operating Profit/(Loss) before Cost of stock options & Tax
(10.89)
4.00
11.50
0.45
0.47
9.47
9
Cost of stock options
3.34
10.99
35.61
3.01
10.99
29.47
10
Tax Expense
 
 
 
 
 
 
- Current
0.98
1.17
3.48
-
-
-
- Tax for Earlier Years written back
0
-
(0.68)
-
-
(0.11)
- Deferred
(0.78)
(0.38)
(14.55)
(0.81)
(0.39)
(14.69)
- Fringe Benefit Tax ( See Note 3 )
0.49
0.46
2.09
0.40
0.41
1.69
11
Profit/(Loss) after Tax before minority interest and Profit/(Loss) of Associate
(14.92)
(8.24)
(14.45)
(2.15)
(10.54)
(6.89)
12
Share of Minority Interest
(0.31)
0.43
2.41
-
 
-
13
Share in Profit/(Loss) of Associate
(0.14)
-
2.14
-
-
-
14
Net Profit/(Loss) carried to Reserves & Surplus
(14.75)
(8.67)
(14.72)
(2.15)
(10.54)
(6.89)
15
Paid -up Equity Share Capital
25.00
24.32
24.98
25.00
24.32
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)
 
 
 
 
 
 
- Basic
(2.39)
(1.43)
(2.41)
(0.34)
(1.73)
(1.13)
- Diluted
(2.39)
(1.43)
(2.41)
(0.34)
(1.73)
(1.13)
18
Dividend per share (face value of Rs.4 per share) 
 
 
 
 
 
 
Final Dividend (Rs. per share)
 
 
 
 
 
0.80
Dividend percentage
 
 
 
 
 
20%
19
Aggregate of Public Shareholding
 
 
 
 
 
 
- No. of equity shares of Rs 4/- each
29,200,967
27,496,032
29,150,407
29,200,967
27,496,032
29,150,407
- Percentage of shareholding
46.72%
45.22%
46.67%
46.72%
45.22%
46.67%
Notes :
1 a) Consolidated results of New Delhi Television Limited include the results of 100% (previous period 100%) subsidiary NDTV News Limited and 75.20% (previous period 81.18%) subsidiary NDTV Media Limited. The results of the following companies incorporated after July 06 are included in the consolidated results of this quarter- 100% of NDTV Networks BV group and 20% of its associate Astro Awani Network Limited. NDTV Networks BV wholly owns NDTV Networks Plc (NNPLC) and its underlying subsidiaries 82.05% NDTV Imagine Limited, 100% subsidiaries NDTV Lifestyle Limited, NDTV Convergence Limited, NDTV Labs Limited and 50% NGEN Media Services Private Limited . The Consolidated results also include results of 100% (previous period n.a) subsidiary Emerging Markets 24X7 B.V. incorporated as a 50% Dutch joint venture with NNPLC.
b) The standalone results for the quarter ended June 30, 2007 (Col D) includes income of Rs.3.43 Crores (previous period 0.37 Crores) charged to its subsidiaries towards the shared services provided by it.
2 NNPLC has raised US $ 100 Million on May 30, 2007 through issue of step up coupon convertible bonds due 2012 . In connection with this, the Company has given an undertaking to provide a corporate guarantee for and on behalf of NNPLC, as and when required, in accordance with the terms of the Contracts and the Supplemental Trust Deed executed by the Company. The potential dilution on conversion is likely to be between 20% to 30%. The Interest rate varies progressively from 4% to 9% over the life of the bonds of sixty months.Further, the cost amounting to Rs 21.41 Crores relating to issue of bonds is being amortised over the tenure of the bonds. Accordingly an interest of Rs 1.43 crores and amortisation of costs amounting to Rs 0.35 crores has been included under finance cost in the consolidated results for the quarter ended June 30, 2007.
3 During the quarter ended June 30, 2007, the Company has issued 50,560 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 and the Company would recover the FBT from the employees, hence there is no charge in these financial results.
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, 2007:
Pending at the beginning of the quarter Received during the quarter Disposed of during the quarter
Nil 9 9
5 The quarterly financial results have been taken on record by the Board of Directors in its meeting held on July 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 is in process of making the necessary applications for approval to the Central Government.
6 The Company currently operates primarily in a single segment of television media and accordingly, there is no separate reportable segment.
7 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 July, 2007