Rs. In Lacs |
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED
31ST DECEMBER, 2003 |
Sr.
No. |
Particulars |
I.T.
|
Other
than I.T. |
Total |
Year
to date |
Audited |
For the Quarter ended 31.12.03 |
For the Quarter ended 31.12.02 |
For the Quarter ended 31.12.03 |
For the Quarter ended 31.12.02 |
For the
Quarter ended 30.09.03 |
For the
Quarter ended 31.12.02 |
Nine Months
ended
31.12.03 |
Nine Months
ended
31.12.02 |
Previous
Year
ended
31.03.03 |
1 |
Total Income |
3880.20
|
2713.30 |
688.51 |
247.56 |
4568.71 |
2960.86 |
12169.36 |
8234.10 |
11446.59 |
|
Sales / Income from Operations |
3880.03 |
2712.92 |
356.79 |
231.85 |
4236.82 |
2944.77 |
11676.60 |
8014.50
|
11186.64 |
|
Profit / (Loss) on sale of Investments |
0.00 |
0.00 |
330.12 |
10.77 |
330.12 |
10.77 |
488.38 |
158.45 |
178.31 |
|
Other Income |
0.17 |
0.38 |
1.60 |
4.94 |
1.77 |
5.32 |
4.38 |
61.15 |
81.64 |
|
|
|
|
|
|
|
|
|
|
|
2 |
Total Expenditure |
2016.24 |
976.01 |
141.93 |
129.07 |
2158.17 |
1105.08 |
5718.15 |
2913.02 |
4448.70 |
|
|
|
|
|
|
|
|
|
|
|
|
a) Direct Cost, Product charges and Connectivity
Cost |
677.83 |
98.32 |
0.00 |
0.00 |
677.83 |
98.32 |
1543.95 |
188.46 |
366.16 |
|
b) Staff Cost |
784.29 |
579.91 |
40.89 |
46.69 |
825.18 |
626.60 |
2368.80 |
1664.08 |
2294.50 |
|
c) Rent and Compensation Charges |
76.70 |
34.66 |
21.27 |
21.24 |
97.97 |
55.90 |
212.37 |
168.62 |
223.43 |
|
d) Legal and Professional Charges |
31.27 |
11.40 |
16.27 |
21.24 |
47.54 |
32.64 |
161.43 |
121.94 |
146.34 |
|
e) Discounts and Commission |
208.47 |
82.94 |
0.00 |
0.00 |
208.47 |
82.94 |
557.89 |
202.43 |
483.15 |
|
f) Other |
237.68 |
168.78 |
63.50 |
39.90 |
301.18 |
208.68 |
873.71 |
567.49 |
935.12 |
|
|
|
|
|
|
|
|
|
|
|
3. |
Interest and other Finance Charges |
0.00 |
2.23 |
0.00 |
0.24 |
0.00 |
2.47 |
0.16 |
8.96 |
0.00 |
|
|
|
|
|
|
|
|
|
|
|
4. |
Gross Profit (after Interest but
before Depreciation, Tax & Exceptional Items ) |
1863.96 |
1735.06
|
546.58 |
118.25 |
2410.54
|
1853.31 |
6451.05 |
5312.12 |
6997.89 |
|
|
|
|
|
|
|
|
|
|
|
5. |
Less : Depreciation / Amortisation |
97.10 |
85.18 |
8.83 |
7.05 |
105.93 |
92.23 |
317.88 |
234.29 |
385.96 |
|
|
|
|
|
|
|
|
|
|
|
6. |
Profit / ( Loss ) before Tax |
1766.86
|
1649.88 |
537.75 |
111.20 |
2304.61
|
1761.08
|
6133.17 |
5077.83
|
6611.92 |
7. |
Provision for Taxation ( incl. Deferred
Tax ) |
0.00 |
65.00 |
50.00 |
45.00 |
50.00 |
110.00 |
125.00 |
425.00 |
408.87 |
8. |
Profit / ( Loss ) after Tax |
1766.86
|
1584.88 |
487.75 |
66.20 |
2254.61 |
1651.08 |
6008.17 |
4652.83 |
6203.05 |
9. |
Paid-up Equity Share Capital ( Face Value
Rs. 10/- ) |
|
|
|
|
4,090.39 |
4,090.39 |
4,090.39 |
4,090.39 |
4,090.39 |
10. |
Final Dividend |
|
|
|
|
|
|
|
|
2,863.27 |
11. |
Reserves Excluding Revaluation Reserve |
|
|
|
|
|
|
|
|
38,303.93 |
12. |
Basic and Diluted E.P.S. ( not annualised
) ( Rs.) |
|
|
|
|
5.51 |
4.04 |
14.69 |
11.38 |
15.16 |
|
|
|
|
|
|
|
|
|
|
|
13. |
Aggregate of Non-Promoter Shareholding: |
|
|
|
|
|
|
|
|
|
|
- Number of shares |
|
|
|
|
|
|
10,230,764 |
|
10,228,264 |
|
- Percentage of Shareholding ( % ) |
|
|
|
|
|
|
25.01 |
|
25.01 |
|
|
|
Notes : |
1. |
Pursuant to the Board approval, the Company
is in the process of acquiring controlling interest and
management control in Customer Contact Centre (C3), a
large offshore call centre based in Philippines. |
2. |
The Company has added one more large US health insurance
company as its customer with a new BPO contract , initially
for a period of three years. |
3. |
The Company has taken on lease additional premises admeasuring
80,000 sq ft. to provide for 1400 seats to meet the expanding
requirements of its customers. |
4. |
Previous period figures have been regrouped wherever
necessary. |
5. |
During the quarter, 6 fresh investor complaints were
received. All the complaints were resolved and there was
no complaint pending as on 31st December, 2003. |
|
|
|
|
Accreditions : |
1. |
The Company has been rated as the Second
Best Employee Friendly Company in the recently released
DQ-IDC BPO Employee Satisfaction Survey. |
2. |
In the insurance claim processing business, the Company
is rated as the Second Largest in India by Business World
Magazine in terms of number of processors. |
3. |
Deloitte Touche Tohmatsu Asia Pacific Technology Fast
500 Program, 2003 has recognized the Company as one of
the Asia Pacific leading technology companies in 2003. |
|
|
The Statutory Auditors have carried out a limited review of
the financial results of quarter ended December 31, 2003 as
per Clause 41 of the Listing Agreement with Stock Exchange.
The above results were reviewed by the Audit Committee and taken
on record by the Board of Directors at its meeting held on 20th
January, 2004. |
|
Segment information as per Clause 41 of the Listing
Agreement for the quarter ended 31st December, 2003 |
Rs. In Lacs |
Particulars |
Quarter
ended
December 31, 2003 |
Quarter
ended
December 31, 2002 |
Nine
months ended
December 31, 2003 |
Nine
months ended
December 31, 2002 |
Year
ended
March 31, 2003 |
|
|
|
|
|
|
Segment Revenues
|
a) Convergence Activities |
|
|
|
|
|
i) I.T. |
3880.03 |
2713.30 |
10717.34 |
7064.87 |
9977.81 |
ii) Media - Telecom |
188.72 |
179.11 |
618.06 |
670.65 |
890.14 |
|
4068.75 |
2892.41 |
11335.40 |
7735.52 |
10867.95 |
b) Treasury |
499.63 |
63.48 |
831.02 |
474.36 |
497.00 |
c) Others ( unallocated ) |
0.33 |
4.97 |
2.94 |
24.22 |
81.64 |
Total Income |
4568.71 |
2960.86 |
12169.36 |
8234.10 |
11446.59 |
|
|
|
|
|
|
Segment Results-
Profit / (Loss) before tax and interest from segment |
a) Convergence Activities |
|
|
|
|
|
i) I.T. |
1766.86 |
1652.11 |
5149.25 |
4332.86 |
5787.28 |
ii) Media - Telecom |
108.26 |
96.89 |
401.13 |
474.68 |
514.84 |
|
1875.12 |
1749.00 |
5550.38 |
4807.54 |
6302.12 |
b) Treasury |
490.65 |
53.94 |
780.64 |
448.16 |
461.41 |
c) Others ( unallocated ) |
(61.16) |
(39.39) |
(197.69) |
(168.91) |
(151.61) |
|
2304.61 |
1763.55 |
6133.33 |
5086.79 |
6611.92 |
Less : Interest |
0.00 |
2.47 |
0.16 |
8.96 |
0.00 |
|
|
|
|
|
|
Total Profit before Tax |
2304.61 |
1761.08 |
6133.17 |
5077.83 |
6611.92 |
|
|
|
|
|
|
Capital Employed (Segment Assets
- Segment Liabilities) |
a) Convergence Activities * |
|
|
|
|
|
i) I.T. |
9078.42 |
7196.92 |
9078.42 |
7196.92 |
7654.42 |
ii) Media - Telecom |
29141.35 |
25964.64 |
29141.35 |
25964.64 |
28679.94 |
|
38219.77 |
33161.56 |
38219.77 |
33161.56 |
36334.36 |
b) Treasury |
9158.69 |
8154.55 |
9158.69 |
8154.55 |
8602.03 |
c) Others ( unallocated ) |
1,024.07 |
634.06 |
1,024.07 |
634.06 |
(2542.07) |
Total |
48402.53 |
41950.17 |
48402.53 |
41950.17 |
42394.32 |
|
|
There are no Inter Segment Revenues |
* This includes
capital employed in TMT (Technology, Media and Telecom) subsidiaries.
|
|
|
Place :
Mumbai
Date : 20th January, 2004 |
For
Hinduja TMT Limited
S. Solomon Raj
Vice Chairman |
|