Quadrant Televentures Limited
 CIN:L00000MHI946PLCI97474
 Regd. Office : Autocars Compound, Adalat Road, Aurangabad (Maharashtra) – 431 005.
 Tel: 91-172-5090000 Fax: 91-172-5090125 Email: secretarial@infotelconnect.com Website: www.connectzone.in

Statement of Audited Financial Results for the Year ended March 31, 2015
                (Rs. In Lacs)
  Standalone Financial results Standalone Financial results Consolidated Financial Results
Audited Unaudited Audited Audited Audited
Particulars Three months ended 31.03.15 Three months ended 31.12.14 Three months ended 31.03.14 Year ended 31.03.15 Year ended 31.03.14 Year ended 31.03.15 Year ended 31.03.14
1 Income from operations              
  (a )Income from Operations/ Services 14,117.55 13473.41 10647.26 52079.42 40599.52 52529.44 40880.14
  (b) Other Operating Income - - - - - - -
                 
  Total Income From Operations (net) 14,117.55 13,473.41 10,647.26 52,079.42 40,599.52 52,529.44 40,880.14
                 
2 Expenses              
  (a) Cost of Material Consumed - - - - - -
  (b)Purchase of Stock-in -trade - - - - 131.32 14.20
  (c) Changes in inventories of finished goods, work in progress and stock in trade - - - - (43.03) (1.79)
  (d) Employee benefits expenses 2,104.57 1,943.56 1,952.67 8,038.50 6,883.00 8,457.53 7,131.52
  (e) Depreciation and amortization expenses 3,738.40 3,489.89 3,164.04 13,899.59 12,678.05 13,906.68 12,744.15
  (f) Network operation expenditure 3,367.30 3,465.84 3,081.00 13,752.08 12,633.89 13,752.08 12,633.89
  (g) Interconnect Usage Charges 6,209.88 6,717.56 5,311.61 24,892.03 19,800.91 24,892.03 19,800.91
  (h) Infrastructure sharing charges 1,501.46 1,440.02 1,414.73 5,776.09 5,406.44 5,776.09 5,406.43
  (i) Sales & Marketing Expenditure 932.83 1,114.52 447.29 3,684.44 2,810.10 3,684.44 2,810.10
  (j) Other Expenses 485.33 971.56 1,187.90 3,704.43 4,067.60 3,745.55 4,085.52
  Total expenses 18,339.77 19,142.95 16,559.24 73,747.16 64,279.99 74,302.69 64,628.51
                 
3 Profit / (Loss) from operations before other income, finance costs and exceptional items (1-2) (4,222.22) (5,669.54) (5,911.98) (21,667.74) (23,680.47) (21,773.25) (23,748.37)
4 Other income 103.11 119.82 61.65 362.43 294.38 362.93 293.74
5 Profit / (Loss) from ordinary activities before finance costs and exceptional items (3-4) (4,119.11) (5,549.72) (5,850.33) (21,305.31) (23,386.09) (21,410.32) (23,454.63)
6 Finance costs 661.66 676.99 669.46 2,683.99 2,729.99 2,684.28 2,731.13
7 Profit / (Loss) from ordinary activities after finance costs but before exceptional items (5-6) (4,780.77) (6,226.71) (6,519.79) (23,989.30) (26,116.08) (24,094.60) (26,185.76)
8 Exceptional items - - - - -    
9 Profit / (Loss) from ordinary activities before tax (7-8) (4,780.77) (6,226.71) (6,519.79) (23,989.30) (26,116.08) (24,094.60) (26,185.76)
10 Tax expense - - - - - 28.38 16.45
11 Net Profit / (Loss) from ordinary activities after tax (9-10) (4,780.77) (6,226.71) (6,519.79) (23,989.30) (26,116.08) (24,066.22) (26,169.31)
12 Extraordinary items - - - - -    
13 Net Profit / (Loss) for the period (4,780.77) (6,226.71) (6,519.79) (23,989.30) (26,116.08) (24,066.22) (26,169.31)
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 (4,780.77) (6,226.71) (6,519.79) (23,989.30) (26,116.08) (24,066.22) (26,169.31)
                 
17 Paid up Equity Share Capital (Face Value - Rs. 1 each) 6,122.60 6,122.60 61,226.03 6,122.60 61,226.03 6,122.60 61,226.03
                 
18 (a) Reserves excluding Revaluation Reserve 685.67 - 685.67 685.67 685.67 685.67 685.67
                 
  (b) Profit & Loss Account (Including accumulated losses) (162,903.03) - (193,970.27) (162,903.03) (193,970.27) (163,235.22) (194,224.54)
                 
19 (a) Basic and Diluted Earning Per Share before Extraordinary items (0.78) (1.02) (1.07) (3.92) (4.27) (3.93) (4.27)
  (b) Basic and Diluted Earning Per Share after Extraordinary items (0.78) (1.02) (1.07) (3.92) (4.27) (3.93) (4.27)
Select information for the Quarter and Year ended March 31,2015
Particulars Three months ended 31.03.15 Three months ended 31.12.14 Three months ended 31.03.14 Year ended 31.03.15 Year ended 31.03.14 Year ended 31.03.15 Year ended 31.03.14
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%
  Particulars Three months ended 31.03.15
  INVESTOR COMPLAINTS
  Pending at the beginning of the quarter Nil
  Received during the quarter Nil
  Disposed of during the quarter Nil
  Remaining unresolved at the end of the quarter Nil
Statement of Assets and Liabilities as at March 31,2015
                    (Rs. In Lacs)
  Standalone Financial results Consolidated Financial Results
  Audited Audited
Particulars Year ended 31.03.15 Year ended 31.03.14 Year ended 31.03.15 Year ended 31.03.14
A EQUITY AND LIABILITIES        
1 Shareholders' Funds        
  (a) Share capital 28,607.15 83,710.57 28,607.15 83,710.57
  (b) Reserves and surplus (162,217.36) (193,284.61) (162,549.56) (193,538.88)
  Sub-Total Shareholder,s funds (133,610.21) (109,574.04) (133,942.41) (109,828.31)
2 Share application money pending allotment - - - -
3 Non-current liabilities        
  (a) Long-term borrowings 58,723.85 58,723.85 58,723.85 58,723.85
  (b) Deferred tax liabilities (Net) - - - -
  (c) Other Long term liabilities 11,915.41 11,644.53 11,915.41 11,644.53
  (d) Long-term provisions 533.92 472.88 652.03 510.47
  Sub-Total Non-current liabilities 71,173.18 70,841.26 71,291.29 70,878.85
4 Current liabilities        
  (a) Short-term borrowings 1,058.41 1,006.17 1,058.41 1,006.18
  (b) Trade payables 11,634.41 12,921.37 11,713.94 13,176.48
  (c) Other current liabilities 112,061.33 87,428.26 112,200.42 87,462.41
  (d) Short-term provisions 266.51 238.56 301.86 251.23
  Sub-Total Current liabilities 125,020.66 101,594.36 125,274.63 101,896.30
  TOTAL EQUITY AND LIABILITIES 62,583.63 62,861.58 62,623.51 62,946.84
           
B ASSETS        
1 Non-current assets        
  (a) Fixed assets        
  (i) Tangible assets 36,137.27 37,048.37 36,153.98 37,058.77
  (ii) Intangible assets 9,273.98 12,670.90 9,274.02 12,671.11
  (iii) Capital work-in-progress 3,808.05 2,169.49 3,808.05 2,169.49
  (b) Pre-operative Expenses - - - -
  (c) Deferred tax Assets - - 66.11 37.73
  (d) Non-current investments 2.00 1.00 - -
  (e) Long-term loans and advances 1,595.83 1,095.27 1,598.90 1,099.80
  Sub-Total Non-current Assets 50,817.13 52,985.03 50,901.06 53,036.90
2 Current assets        
  (a) Current investments - - - -
  (b) Inventories 221.75 217.32 271.11 223.65
  (c) Trade receivables 5,192.53 4,606.29 5,296.69 4805.83
  (d) Cash and Bank Balance 1,866.24 992.71 1,889.68 1,043.82
  (e) Short-term loans and advances 4,478.27 4,028.87 4,256.45 3,804.77
  (f) Other current assets 7.71 31.36 8.52 31.87
  Sub-Total current Assets 11,766.50 9,876.55 11,722.45 9,909.94
  TOTAL ASSETS 62,583.63 62,861.58 62,623.51 62,946.84
NOTES:
1 In terms of CDR Package dated August 13, 2009 stipulating the reduction of paid up capital and pursuant to the Order of the Hon’ble Bombay High Court dated July 4, 2014 under Section 100 to 105 of Companies Act, 1956, which was duly registered by the Registrar of Companies, Mumbai on Sept 3, 2014, the paid up value of the 61,22,60,268 equity shares stood reduced from Rs. 10 per share to Re. 1 per share w.e.f. Sept 3, 2014; Consequently, paid up equity share capital also stood reduced from Rs. 612.26 Crore to Rs. 61.22 Crore and the Accumulated Losses were written-off to the extent of Rs. 551.03 Crore on Sept 3, 2014. The trading of Equity Shares with reduced face value of Re.1/- per share has commenced on December 29, 2014 at BSE Ltd.
2 With effect from April 01, 2014, the company has revised the useful life of some of its fixed assets to comply with the useful life as prescribed by schedule II to the Companies Act, 2013. As per Note 7 of Part C of Schedule II to the Companies Act, 2013 the carrying amount of the asset as on the date has to be depreciated over the remaining prescribed useful life of the assets. In case of fixed assets where the use full life was Nil as at April 01, 2014, the Company has adjusted the net residual value aggregating to Rs. 4,687,636 from retained earnings. Further, due to change in rate of depreciation as per Schedule II of the Act during the year, the depreciation for the year is higher by Rs. 89,51,674 and loss is higher by Rs. 89,51,674.
3 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.
4 The figures of last quarter ended 31st March, 2015 are the balancing figure between audited figures in respect of the full financial year and the published year to date figures up to the third quarter of the current financial year.
5 Previous period/ years figures have been reclassified, wherever necessary, to make them comparable with those of the current period.
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 30, 2015. The same have been reviewed by the Statutory Auditor of the Company.
         
         
         
Place : Mohali     By Order of the Board
    For QUADRANT TELEVENTURES LIMITED.
    Sd/-
Date : May 30, 2015   (Mr. Vinay Kumar Monga)
      Director
      (DIN No. 03029345)