Rs. In Lacs |
AUDITED FINANCIAL
RESULTS FOR THE QUARTER AND YEAR ENDED 31ST MARCH 2003 |
S.No |
Particulars |
I.T.
|
Other
than I.T. |
Total |
Year
to date |
For
the
Quarter ended
31.03.2003 |
For
the
Quarter ended
31.03.2002 |
For
the
Quarter ended
31.03.2003 |
For
the
Quarter ended
31.03.2002 |
For
the Fourth
Quarter ended
31.03.2003 |
For
the Fourth
Quarter ended
31.03.2002 |
Current
Year
ended 31.03.2003 |
Previous
Year
ended 31.03.2002 |
1 |
Total Income |
2,932.61 |
1,434.58 |
280.08 |
1,066.21 |
3,212.69 |
2,500.79 |
11,446.59 |
7,293.60 |
|
|
|
|
|
|
|
|
|
|
|
Sales / Income from operations
|
2,924.06 |
1,403.85 |
248.08 |
(68.46) |
3,172.14 |
1,335.39 |
11,186.64 |
6,322.78 |
|
Profit / (Loss) on sale of
investments |
- |
- |
19.86 |
1,129.35 |
19.86 |
1,129.35 |
178.31 |
845.06 |
|
Other Income |
8.55 |
30.73 |
12.14 |
5.32 |
20.69 |
36.05 |
81.64 |
125.76 |
|
|
|
|
|
|
|
|
|
|
2 |
Total Expenditure |
1,307.82 |
572.83 |
217.54 |
228.53 |
1,525.36 |
801.36 |
4,448.70 |
2,589.23
|
|
|
|
|
|
|
|
|
|
|
|
a) Staff Cost |
592.94 |
273.84 |
37.48 |
34.76 |
630.42 |
308.60 |
2,294.50 |
1,165.42 |
|
b) Rent and Compensation charges |
33.65 |
32.50 |
10.36 |
37.78 |
44.01 |
70.28 |
223.43 |
292.53 |
|
c) Legal and Professional
charges |
21.48 |
23.11 |
5.08 |
22.04 |
26.56 |
45.15 |
146.34 |
124.88 |
|
d) Direct Cost, Product charges
and Connectivity Cost |
205.85 |
39.84 |
- |
- |
205.85 |
39.84 |
366.16 |
60.42 |
|
e) Provisions / Bad Debts
written off |
14.64 |
11.96 |
- |
31.52 |
14.64 |
43.48 |
14.64 |
43.48 |
|
f) Other |
439.26 |
191.58 |
164.62 |
102.43 |
603.88 |
294.01 |
1,403.63 |
902.50 |
|
|
|
|
|
|
|
|
|
|
3 |
Interest and other Finance
charges |
- |
- |
- |
- |
- |
- |
- |
1.03 |
|
|
|
|
|
|
|
|
|
|
4 |
Gross Profit (after
interest but before Depreciation, Tax and Provision for
exceptional items ) |
1,624.79 |
861.75 |
62.54 |
837.68 |
1,687.33 |
1,699.43 |
6,997.89 |
4,703.34 |
|
|
|
|
|
|
|
|
|
|
5 |
Less : Depreciation / Amortisation |
143.15 |
52.90 |
8.52 |
4.39 |
151.67 |
57.29 |
385.96 |
191.88 |
|
|
|
|
|
|
|
|
|
|
6 |
Add : Exceptional Items |
- |
- |
- |
(26.52) |
- |
(26.52) |
- |
316.63 |
|
|
|
|
|
|
|
|
|
|
7 |
Profit / ( Loss )
before Tax |
1,481.64 |
808.85 |
54.02 |
806.77 |
1,535.66 |
1,615.62 |
6,611.93 |
4,828.09
|
8 |
Provision for Taxation ( incl.
Deferred Tax ) |
(36.24) |
40.00 |
20.12 |
0.75 |
(16.12) |
40.75 |
408.87 |
154.96 |
9 |
Profit / ( Loss )
after Tax |
1,517.88 |
768.85 |
33.90 |
806.02 |
1,551.78 |
1,574.87 |
6,203.06 |
4,673.13 |
|
|
|
|
|
|
|
|
|
|
10 |
Paid up Equity Share Capital
( Face Value Rs. 10/- ) |
|
|
|
|
4,090.39 |
3,558.37 |
4,090.39 |
3,558.37 |
11 |
Dividend ( including interim
dividend ) |
|
|
|
|
|
|
2,863.27 |
2,135.02 |
12 |
Reserves Excluding Revaluation
Reserve |
|
|
|
|
|
|
38,303.93 |
33,739.78 |
13 |
Basic and Diluted E.P.S. (
not annualised ) ( Rs.) |
|
|
|
|
3.79 |
4.43 |
15.16 |
13.13 |
14 |
Aggregate of Non-Promoter
Shareholding: |
|
|
|
|
|
|
|
|
|
- Number of shares |
|
|
|
|
|
|
10,228,264 |
9,831,948 |
|
- Percentage of Shareholding
( % ) |
|
|
|
|
|
|
25.01 |
27.63 |
|
|
|
Notes : |
1. |
The Company has renewed its
BPO contract for a period of two years with an option
for further renewal of one year, and is likely to yield
revenues of approx. Rs. 100 crores (over USD 20 mn) during
this period . |
2. |
The Company has signed up three new major contracts
out of which two are for call centers. |
3. |
Pursuant to High Court Approval for merger of Sarthak
Mercantile Private Limited (SMPL) with the Company, the
Company allotted 53,20,225 shares to the shareholders
of SMPL on 8th April 2003.
As the appointed date of the merger is 1st April, 2002,
the share capital as on 31st March 2003, includes share
capital suspense of Rs. 532.02 lacs. |
4. |
The Board has recommended a Total Dividend at Rs. 7/-
per share for the financial year 2002-03, which includes
Rs. 5/- per share paid as Interim Dividend on 31st May,
2003. |
5. |
Previous Year's figures have been regrouped wherever
necessary. |
|
|
The above results were reviewed by
the Audit Committee and taken on record at the meeting of the
Board of Directors of the Company held on 24th June, 2003. |
|
Segment information as per Clause 41 of the Listing
Agreement for the quarter and year ended 31st March, 2003 |
|
Rs. In Lacs |
S.No. |
Particulars |
Quarter
ended
31.03. 2003 |
Quarter
ended
31.03. 2002 |
Current
Year ended
31.03. 2003 |
Previous
Year ended 31.03.2002 |
1 |
Segment Revenues |
|
|
|
|
|
a) Convergence Activities
|
|
|
|
|
|
i) I.T. |
2,932.94 |
1,434.58 |
9,977.81 |
5,478.61 |
|
ii) Media - Telecom |
219.49 |
1,367.28 |
890.14 |
2,369.91 |
|
|
3,152.43 |
2,801.86 |
10,867.95 |
7,848.52 |
|
b) Treasury |
22.64 |
(306.39) |
497.00 |
(680.68) |
|
c) Others ( unallocated ) |
37.62 |
5.32 |
81.64 |
125.76 |
|
Total Income |
3,212.69 |
2,500.79
|
11,446.59
|
7,293.60 |
|
|
|
|
|
|
|
Segment Results- Profit
/ (Loss) before tax and interest from segment |
|
|
|
|
|
a) Convergence Activities
|
|
|
|
|
|
i) I.T. |
1,481.64 |
812.41 |
5,787.28 |
3,377.08 |
|
ii) Media - Telecom |
40.16 |
1,164.36 |
514.84 |
2,023.54 |
|
|
1,521.80 |
1,976.77 |
6,302.12 |
5,400.62 |
|
b) Treasury |
13.25 |
(336.39) |
461.41 |
(772.43) |
|
c) Others ( unallocated ) |
0.61 |
5.32 |
(151.61) |
200.93 |
|
|
1,535.66 |
1,645.70 |
6,611.92 |
4,829.12 |
|
|
- |
3.56 |
- |
1.03 |
|
Total Profit before
tax |
1,535.66
|
1,642.14
|
6,611.92
|
4,828.09
|
|
|
|
|
|
|
3 |
Capital Employed
(Segment Assets - Segment Liabilities) |
|
|
|
|
|
a) Convergence Activities
* |
|
|
|
|
|
i) I.T. |
7,654.42 |
5,733.84 |
7,654.42 |
5,733.84 |
|
ii) Media - Telecom |
28,679.94 |
26,681.33 |
28,679.94 |
26,681.33 |
|
|
36,334.36 |
32,415.17 |
36,334.36 |
32,415.17 |
|
b) Treasury |
8,602.03 |
4,310.03 |
8,602.03 |
4,310.03 |
|
c) Others ( unallocated ) |
(2,542.07) |
572.95 |
(2,542.07) |
572.95 |
|
Total |
42,394.32 |
37,298.15 |
42,394.32 |
37,298.15 |
|
|
There are no Inter Segment Revenues |
* This includes
capital employed in TMT (Technology, Media and Telecom) subsidiaries.
|
|
|
|
Place :
Mumbai
Date : 24th June, 2003 |
For
Hinduja TMT Limited
S. Solomon Raj
Vice Chairman |
|
|
|
|
|