Global Broadcast News Quarter ended March, 2007 Results

(All amounts in Rs. Lakhs)

  Particulars Quarter ended 31.03.2007 (unaudited) Year ended 31.03.2007 (unaudited) Year ended 31.03.2006 (audited)
  3 Months 12 Months 12 Months
 
1. Revenue 2906.96 7993.61 622.90
 
  (a) Revenue from operations 2798.14 7685.75 591.53
  (b) Other Income 108.82 307.86 31.37
 
2. Expenditure 2306.92 9866.52 4726.56
 
  (a) Staff costs 739.31 3210.93 1873.62
  (b) Other expenditure 1162.64 4163.80 2018.68
  (c) Marketing, Distribution & Promotional Expenses 404.97 2491.79 834.26
 
3. Operating Profit 600.04 -1872.91 -4103.66
 
4 Interest (Net) 161.25 128.20 -4103.66
 
5 Depreciation & non cash write offs 127.87 509.55 340.69
 
6 Net profit / (loss) before tax 310.92 -3118.47 -4572.55
 
7 Provision for tax (Fringe Benefit Tax) 32.50 85.00 36.00
 
8 Net profit / (loss) after tax 278.42 -3203.47 -4608.55
 
9 Paid-up Equity Share Capital 2672.82 2672.82 1000.00
  (Face value Rs. 10/-)
10 EPS (Not annualised)
  (a) Basic 1.27 -14.58 -47.52
  (b) Diluted 1.27 -14.58 -47.52
 
11 Aggregate of Public shareholding
  (a) Number of Shares 10898420 10898420 0
  (b) Percentage of Shareholding 40.78 40.78 0.00
  (c) Face Value per share (Rs.) 10/- 10/- 10/-
Notes:

  1. The Company thanks the investors for their overwhelming response towards its maiden IPO which was oversubscribed heavily and consequently the paid up capital of the Company has increased to Rs. 2,672.82 Crores, the total funds raised through the IPO being

  2. The Company holds 49% shares in BK Fincap Private Limited (BKF) since August 2006. 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. 439 lak

  3. 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 provi

  4. The Company received 1,320 investors complaints during the quarter ended 31 March, 2007 and all the complaints were resolved during the quarter.

  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 April 30, 2007.

  6. The Statutory Auditors have carried out a "Limited Review" of the results for the year ended 31 March, 2007.

  7. The financial results for the quarter ended 31 March, 2006 have not been published since the same were not prepared for the previous period due to no such statutory requirement in the past as the company was not listed on the stock exchange.

  8. The Earnings per Share (EPS) has been computed in accordance with the Accounting Standard (AS-20). The EPS for the quarter and year ended 31 March, 2007 has been computed with reference to weighted average number of equity shares outstanding during each p

  9. The Company is operating in only one business segment that is 'News operations'.

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