Regd. Office : B - 71, Phase - VII, Industrial Focal Point, Mohali, Punjab
| Unaudited | Unudited | Unaudited | Unaudited | Audited | |
| Particulars | Three months ended 30.09.09 | Three months ended 30.09.08 | Six months ended 30.09.09 |
Six months ended 30.09.08 |
Year ended 31.03.09 |
| Net Income From Operations / Services | 5,096.04 | 5,828.84 | 10,283.84 | 11,756.52 | 22,357.07 |
| Other Operating Income | 67.61 | 753.61 | 92.39 | 785.76 | 138.55 |
| Total Income | 5,163.65 | 6,582.45 | 10,376.23 | 12,542.28 | 22,495.62 |
| Network Operation Expenditure | 1,592.88 | 1,689.23 | 3,108.51 | 3,400.43 | 6,687.14 |
| Interconnect Usage Charges | 880.93 | 1,187.48 | 1,797.80 | 2,382.86 | 4,649.58 |
| Personnel Cost | 1,351.25 | 1,136.35 | 2,392.63 | 2,349.15 | 4,821.62 |
| Sales & Marketing Expenditure | 194.88 | 393.06 | 359.95 | 823.25 | 1,549.97 |
| Administrative & Other Expenses | 769.20 | 883.69 | 1,446.99 | 1,789.04 | 2,876.11 |
| Depreciation and Amortisation | 2,382.33 | 2,634.13 | 4,773.95 | 5,106.53 | 9,917.37 |
| Total Expenditure | 7,171.47 | 7,923.94 | 13,879.83 | 15,851.26 | 30,501.79 |
| Operating Profit before Finance Cost, Loss/ (Gain) on sale/discard of Fixed Assets, Diminution in value of Investments, Foreign exchange (Gain) / Loss and Exceptional items | (2,007.82) | (1,341.49) | (3,503.60) | (3,308.98) | (8,006.17) |
| Diminution in value of Investments | - | - | - | 7,176.71 | |
| (Gain) on sale of Fixed Assets | (114.25) | (965.60) | (126.17) | (930.61) | (3,372.35) |
| Loss on Discarded Fixed Assets | 46.22 | 66.95 | 1,552.97 | ||
| Interest & Finance Cost | 1,703.40 | 1,762.19 | 3,482.60 | 3,471.71 | 6,782.94 |
| Foreign exchange (Gain) / Loss | (0.84) | 354.39 | (210.43) | 732.53 | 1,067.61 |
| Profit/(Loss) before Prior Period Expenditure and Tax from ordinary activities | (3,642.35) | (2,492.47) | (6,716.55) | (6,582.61) | (21,214.04) |
| Prior Period Expenditure (Net) | 40.67 | 103.06 | 48.87 | 139.11 | 206.62 |
| Profit / (Loss) from ordinary activities before Tax | (3,683.02) | (2,595.53) | (6,765.42) | (6,721.72) | (21,420.66) |
| Provision for Taxation | |||||
| Taxation for earlier year | - | - | - | - | |
| Fringe Benefit Tax | (4.45) | 11.10 | (0.00) | 27.16 | 52.29 |
| Net Profit / (Loss) from ordinary activities | (3,678.57) | (2,606.63) | (6,765.42) | (6,748.88) | (21,472.95) |
| Extraordinary items | - | - | - | - | - |
| Net Profit / (Loss) for the period | (3,678.57) | (2,606.63) | (6,765.42) | (6,748.88) | (21,472.95) |
| Paid up Equity Share Capital (Face Value - Rs. 10 each) | 61,226.03 | 52,551.72 | 61,226.03 | 52,551.72 | 52,551.72 |
| Advance against Share Application Money | - | 8,674.31 | - | 8,674.31 | 8,674.31 |
| Reserves excluding Revaluation Reserve | 685.67 | 685.67 | 685.67 | 685.67 | 685.67 |
| Profit & Loss Account (Including accumulated losses) | (118,704.22) | (97,214.74) | (118,704.22) | (97,214.74) | (111,938.80) |
| Basic and Diluted Earning Per Share before Extraordinary items of Rs 10/- Each (not annualized) | (0.61) | (0.50) | (1.20) | (1.28) | (4.09) |
| Basic and Diluted Earning Per Share before Extraordinary items of Rs 10/- Each (not annualized) | (0.61) | (0.50) | (1.20) | (1.28) | (4.09) |
| Public Shareholding | |||||
| - No of Shares | 285,555,268 | 199,812,152 | 285,555,268 | 199,812,152 | 199,812,152 |
| - % of Shareholding | 46.64% | 38.02% | 46.64% | 38.02% | 38.02% |
| Promoters and Promoter Group Shareholding | |||||
| a) Pledged/Encumbered | |||||
| Number of Shares | 326,705,000 | 209,500,000 | 326,705,000 | 209,500,000 | 209,500,000 |
| Percentage of Shares (as % of the total Shareholding of Promoter and Promoter group) | 100.00% | 64.32% | 100.00% | 64.32% | 64.32% |
| Percentage of shares (as a % of the total share capital of the Company) | 53.36% | 39.87% | 53.36% | 39.87% | 39.87% |
| b) Non encumbered | |||||
| Number of Shares | - | 116,205,000 | - | 116,205,000 | 116,205,000 |
| Percentage of Shares(as % of the total Shareholding of Promoter and Promoter group) | 0.00% | 35.68% | 0.00% | 35.68% | 35.68% |
| Percentage of shares (as a % of the total share capital of the Company) | 0.00% | 22.11% | 0.00% | 22.11% | 22.11% |
| Notes: | |||||||
| 1. Foreign exchange gain includes Rs 5.20 lacs representing the exchange differences arising in the three months period on the amount due and paid under theBuyers Credit Facility (Loan in foreign currency from foreign bank). | |||||||
| 2. Corporate Debt Restructuring ('CDR') cell vide their letter no CDR (JCP) No 563 / 2009-10 dated August 13, 2009 has approved a new restructuring package, which includes the induction of strategic investor / change of management. Since the CDR scheme is yet to be approved individually by all the Term Lenders, noeffect has yet been given to the books of account of the Company | |||||||
| 3. During the quarter ended 30th September 2009, the Company issued 86,743,116 equity shares of Rs 10 each (at par) fully paid up, pursuantto conversion of OFCDs and these shares have been listed on Bombay Stock Exchange w.e.f. August 14, 2009 and Madras Stock Exchange w.e.f. September 01, 2009. | |||||||
| 4. Information on investors' complaints for the year Opening Balance: Nil, New: Nil, Disposal: Nil, Closing Balance: Nil. | |||||||
| 5. IDBI Bank Ltd has nominated Mr. Viney Kumar as their Nominee Director in place of Mr. R.K. Bansal w.e.f. September 29, 2009 | |||||||
| 6.The company is operating in a single segment viz.providing Unified Telephony Services. | |||||||
| 7. Previous period/years figures have been reclassified, wherever necessary, to make them comparable with those of the current period. | |||||||
| 8. Above results have been reviewed by the Audit Committee and taken on record by the Board of Directors in their meeting held on October 31, 2009. The same havebeen reviewed by the Statutory Auditors of the Company | |||||||
| 9. The Company Law Board (Northern Bench) has vide its Order dated August 31,2009 accorded its approval for shifting of the registered office from the State of Punjab to State of Maharashtra; consequently Form 21 and Form 18 have been duly filed with Registrar of Companies ('RoC'); However the Certificate confirming the change of registered office to be issued by the RoC is awaited. | |||||||
| Place : New Delhi | By Order of the Board | ||||||
| Dated: October 31, 2009 | for HFCL Infotel Limited | ||||||
| Mahehdra Nahata | |||||||
| Chairman | |||||||