GBN for Quarter ended June 07

(All amounts in Rs. Lakhs)

  Particulars Quarter ended 30.06.2007 (Unaudited) Quarter ended 30.06.2006 (Unaudited)(audited) Year ended 31.03.2007 (Audited)
  12 Months
 
1. Revenue 2434.96 1022.31 7993.61
 
  (a) Revenue from operations 2200.40 991.17 7685.75
  (b) Other Income 234.56 31.14 307.86
 
2. Expenditure 2382.25 2086.04 9866.52
 
  (a) Staff costs 854.49 642.02 3210.93
  (b) Royalty and franchise fee 184.62 134.73 714.37
  (c) Travelling and conveyance 203.57 200.84 772.43
  (d) Other expenditure 616.95 660.97 2677.00
  (e) Marketing,Distribution & Promotional Expenses 522.62 447.48 2491.79
 
3. EBITDA 52.72 (1063.73) (1872.91)
 
4 Interest 246.21 120.34 736.01
 
5 Depreciation & non cash write offs 135.92 120.99 509.55
 
6 Net profit / (loss) before tax (329.41) (1305.06) 3118.47
 
7 Provision for tax (Fringe Benefit Tax) 21.05172 15.8 85
 
8 Net profit / (loss) after tax (350.46) (1320.86) (3203.47)
 
9 Paid-up Equity Share Capital 2672.82 2252.82 2672.82
  (Face value Rs. 10/-)
10 EPS (Not annualised)
  (a) Basic -1.31 -5.86 -14.58
  (b) Diluted -1.31 -5.86 -14.58
 
11 Aggregate of Public shareholding
  (a) Number of Shares 10898420 NA 10898420
  (b) Percentage of Shareholding 40.78 0 40.78
  (c) Face Value per share (Rs.) 10/- 10/- 10/-
Notes:

  1. The Company is operating in only one business segment that is 'Media operations'.

  2. The Company has carried out its tax computation in accordance with the mandatory standard on accounting, AS 22 – ‘Taxes on Income’ issued by the Institute of Chartered Accountants of India. Having regard to the accumulated losses the Company has not provided for deferred tax asset / liability as at the year end.

  3. The Company has raised through its IPO, funds Rs. 10,500 lakhs. Out of these funds raised, the Company has utilized Rs. 6,524.99 lakhs till 30 June, 2007 on the object for which it was raised. The balance will be utilised as per proposed schedule of deployment of funds mentioned in the chapter 'Objects of the issue'. The unutilised funds as on 30 June, 2007 have been temporarily deployed in short-term investments.

  4. The Company holds 49% shares in BK Fincap Private Limited (BKF). BKF holds 89.99% shares in Jagaran TV Private Limited (JTV). JTV has had a loss during the quarter. The Company's share of loss based upon its holding in BKF is Rs. 397.89 lakhs for the quarter ended 30 June, 2007. Having regard to the long term and strategic involvement with BKF no provision is considered necessary for diminution in the value of investments in BKF.

  5. The above financial results were reviewed by Audit Commiittee and were taken on record by the Sub committee of the Board of Directors on July 27, 2007.

  6. The Company has received 198 complaints from Equity Shareholders during the quarter ended June 30, 2007 and redressed 191complaints. 7 complaints were pending at the end of the quarter. However, these 7 pending complaints were attended during the first week of July.

  7. The Earnings per Share (EPS) has been computed in accordance with the Accounting Standard (AS-20). The EPS has been computed with reference to weighted average number of equity shares outstanding during each period.

  8. The Statutory Auditors have carried out a "Limited Review" of the results for the quarter ended 30 June, 2007.

  9. Previous period figures have been regrouped, wherever necessary, for the purpose of comparison.