Quadrant Televentures Limited
 Regd. Office : Autocars Compound, Adalat Road, Aurangabad (Maharashtra) – 431 005.
Statement of Audited Financial Results for the Year ended March 31, 2012
                  (Rs. In Lacs)
  Standalone Financial results Standalone Financial results Consolidated Financial Results
Audited Unaudited Audited Audited Audited
Particulars Three months ended 31.03.12 Three months ended 31.12.11 Three months ended 31.03.11 Year ended 31.03.12 Year ended 31.03.11 Year ended 31.03.12 Year ended 31.03.11
1 Income from operations              
  (a )Income from Operations/ Services 7,397.34 6,871.24 6,696.98 28,130.19 23,605.12 28,157.01 23,611.51
  (b) Other Operating Income - - - - - - -
                 
  Total Income From Operations (net) 7,397.34 6,871.24 6,696.98 28,130.19 23,605.12 28,157.01 23,611.51
                 
2 Expenses              
  (a) Cost of Material Consumed - - - - - - -
  (b)Purchase of Stock-in -trade - - - - - 12.58 -
  (c) Changes in inventories of finished goods, work in progress and stock in trade - - - - - 12.47 44.67
  (d) Employee benefits expenses 1,071.76 1,115.00 1,154.08 4,462.15 4,537.84 4,435.59 4,494.06
  (e) Depreciation and amortization expenses 3,178.71 2,979.99 2,995.20 12,017.11 12,302.40 12,080.06 12,337.31
  (f) Network operation expenditure 2,079.94 2,276.45 2,321.49 9,161.34 8,906.14 9,161.04 8,906.14
  (g) Interconnect Usage Charges 1,864.97 1,714.88 1,915.33 7,188.26 5,384.84 7,188.26 5,384.84
  (h) Infrastructure sharing charges 1,259.90 1,204.45 1,343.47 5,300.33 5,494.66 5,300.33 5,494.66
  (i) Sales & Marketing Expenditure 564.29 444.87 708.37 2,037.80 4,023.11 2,037.80 4,023.11
  (j) Other Expenses 490.40 1,060.63 391.79 3,226.35 2,764.79 3,234.66 2,775.08
  Total expenses 10,509.97 10,796.27 10,829.73 43,393.34 43,413.78 43,462.79 43,459.87
                 
3 Profit / (Loss) from operations before other income, finance costs and exceptional items (1-2) (3,112.63) (3,925.03) (4,132.75) (15,263.15) (19,808.66) (15,305.78) (19,848.36)
4 Other income 76.24 25.88 101.69 158.89 228.69 156.33 229.43
5 Profit / (Loss) from ordinary activities before finance costs and exceptional items (3-4) (3,036.39) (3,899.15) (4,031.06) (15,104.26) (19,579.97) (15,149.45) (19,618.93)
6 Finance costs 711.27 704.02 691.57 2,811.77 2,786.71 2,811.94 2,786.78
7 Profit / (Loss) from ordinary activities after finance costs but before exceptional items (5-6) (3,747.66) (4,603.17) (4,722.63) (17,916.03) (22,366.68) (17,961.39) (22,405.71)
8 Exceptional items - - - - -    
9 Profit / (Loss) from ordinary activities before tax (7-8) (3,747.66) (4,603.17) (4,722.63) (17,916.03) (22,366.68) (17,961.39) 22,405.71)
10 Tax expense - - - - - 5.94 (7.12)
11 Net Profit / (Loss) from ordinary activities after tax (9-10) (3,747.66) (4,603.17) (4,722.63) (17,916.03) (22,366.68) (17,955.45) (22,412.83)
12 Extraordinary items - - - - -    
13 Net Profit / (Loss) for the period (3,747.66) (4,603.17) (4,722.63) (17,916.03) (22,366.68) (17,955.45) (22,412.83)
14 Share of profit /(loss) of associates - - - - -    
15 Minority Interest - - - - -    
16 Net Profit / (Loss) after taxes, minority interest and share of of Profit / (Loss) of Associate (3,747.66) (4,603.17) (4,722.63) (17,916.03) (22,366.68) (17,955.45) (22,412.83)
                 
17 Paid up Equity Share Capital (Face Value - Rs. 10 each) 61,226.03 61,226.03 61,226.03 61,226.03 61,226.03 61,226.03 61,226.03
                 
18 (a) Reserves excluding Revaluation Reserve 685.67 685.67 685.67 685.67 685.67 685.67 685.67
                 
  (b) Profit & Loss Account (Including accumulated losses) (154,285.97) (150,538.30) (136,369.95) (154,285.97) (136,369.95) 154,435.74 136,480.30
                 
19 (a) Basic and Diluted Earning Per Share before Extraordinary items (0.62) (0.75) (1.70) (2.93) (3.65) 2.93 3.66
  (b) Basic and Diluted Earning Per Share after Extraordinary items (0.62) (0.75) (1.70) (2.93) (3.65) 2.93 3.66
Select information for the Quarter and Year ended March 31,2012
  Standalone Financial results Standalone Financial results Consolidated Financial Results
Audited Audited Audited
Particulars Three months ended 31.03.12 Three months ended 31.12.11 Three months ended 31.03.11 Year ended 31.03.12 Year ended 31.03.11 Year ended 31.03.12 Year ended 31.03.11
A Particulars of Shareholding              
1 Public Shareholding              
  - No of Shares 285,555,268 285,555,268 285,555,268 285,555,268 285,555,268 285,555,268 285,555,268
  - % of Shareholding 46.64% 46.64% 46.64% 46.64% 46.64% 46.64% 46.64%
2 Promoters and Promoter Group Shareholding              
  (a)Pledged/Encumbered              
  Number of Shares 218,704,937 218,704,937 218,704,937 218,704,937 218,704,937 218,704,937 218,704,937
  Percentage of Shares (as % of the total Shareholding of Promoter and Promoter group) 66.94% 66.94% 66.94% 66.94% 66.94% 66.94% 66.94%
  Percentage of shares (as a % of the total share capital of the Company) 35.72% 35.72% 35.72% 35.72% 35.72% 35.72% 35.72%
  (b) Non encumbered              
  Number of Shares 108,000,063 108,000,063 108,000,063 108,000,063 108,000,063 108,000,063 108,000,063
  Percentage of Shares(as % of the total Shareholding of Promoter and Promoter group) 33.06% 33.06% 33.06% 33.06% 33.06% 33.06% 33.06%
  Percentage of shares (as a % of the total share capital of the Company) 17.64% 17.64% 17.64% 17.64% 17.64% 17.64% 17.64%
Statement of assets and liabilities as at March 31,2012
                  (Rs. In Lacs)
  Standalone Financial results Consolidated Financial Results
  Audited Audited
Particulars Year ended 31.03.12 Year ended 31.03.11 Year ended 31.03.12 Year ended 31.03.11
A EQUITY AND LIABILITIES        
1 Shareholders' Funds        
  (a) Share capital 83,710.57 83,710.57 83,710.57 83,710.57
  (b) Reserves and surplus (153,602.80) (135,684.28) (153,750.07) (135,794.63)
  Sub-Total Shareholder,s funds (69,892.23) (51,973.71) (70,039.50) (52,084.06)
2 Share application money pending allotment        
3 Non-current liabilities        
  (a) Long-term borrowings 58,723.85 58,724.56 58,723.85 58,724.56
  (b) Deferred tax liabilities (Net) - - - -
  (c) Other Long term liabilities 9,661.09 8,186.77 9,661.09 8,186.77
  (d) Long-term provisions 327.26 263.73 343.56 278.73
  Sub-Total Non-current liabilities 68,712.20 67,175.06 68,728.50 67,190.06
4 Current liabilities        
  (a) Short-term borrowings 1,701.68 1,716.31 1,701.68 1,716.31
  (b) Trade payables 10,320.27 11,888.52 10,369.12 11,973.26
  (c) Other current liabilities 65,679.33 55,055.83 65,691.28 55,067.47
  (d) Short-term provisions 182.07 154.42 187.84 159.86
  Sub-Total Current liabilities 77,883.35 68,815.08 77,949.92 68,916.90
  TOTAL EQUITY AND LIABILITIES 76,703.32 84,016.43 76,638.92 84,022.90
           
B ASSETS        
1 Non-current assets        
  (a) Fixed assets        
  (i) Tangible assets 45,448.42 49,126.63 45,450.82 49,129.42
  (ii) Intangible assets 18,750.32 22,146.73 18,875.67 22,334.11
  (iii) Capital work-in-progress 1,844.31 3,054.26 1,845.65 3,055.60
  (b) Deferred tax Assets - - 8.58 2.64
  (c ) Non-current investments 1.00 1.00 -  
  (d) Long-term loans and advances 1,258.34 858.13 983.53 613.62
  Sub-Total Non-current Assets 67,302.39 75,186.75 67,164.25 75,135.39
2 Current assets        
  (a) Current investments - - - -
  (b) Inventories 184.46 230.88 191.12 250.01
  (c) Trade receivables 5,370.67 4,961.82 5,395.73 4,961.82
  (d) Cash and cash equivalents 1,150.69 858.43 1,164.11 863.21
  (e) Short-term loans and advances 2,678.81 2,724.23 2,706.93 2,757.85
  (f) Other current assets 16.30 54.32 16.78 54.62
  Sub-Total Non-current Assets 9,400.93 8,829.68 9,474.67 8,887.51
  TOTAL ASSETS 76,703.32 84,016.43 76,638.92 84,022.90
NOTES:
1 Comment on the auditors qualification.
  The Company has given effect to the term of the Revised Corporate Debt Restructuring ('CDR') Scheme dated August 13, 2009. Though the compliance of some of the terms and conditions are yet to be implemented. The Company is confident of fulfilling the remaining conditions.
2 The primary reporting of the Company has been performed on the basis of business segments. The Company has only one business segment, which is provision of unified telephony services. Accordingly, the amounts appearing in these financial results relate to this primary business segment. Further, the Company provides services only in the State of Punjab (including Chandigarh and Panchkula) and, accordingly, no disclosures are required under secondary segment reporting.
3 Information on investors' complaints for the quarter; Opening Balance: Nil, New: Zero, Disposal: Zero, Closing Balance: Nil.
4 Previous period/years figures have been reclassified, wherever necessary, to make them comparable with those of the current period.
5 The figures of last quarter ended March 31,2012 are the balancing figures between audited figures year ended March 31,2012 in respect of the full financial year 2011-12 and the published year to date figures upto the third quarter ended December 31,2011of the current financial year 2011-12.
6 Above results have been reviewed by the Audit Committee and taken on record by the Board of Directors in their meeting held on May 28, 2012. The same have been audited by the Statutory Auditor of the Company
         
         
         
Place : Mohali     By Order of the Board
    For QUADRANT TELEVENTURES LIMITED.
Date : May 28, 2012   (Mr. Babu Mohanlal Panchal)
      Director