New Delhi Television Limited
NSE Symbol NDTV
New Delhi Television Ltd has reported improved results in the first quarter of FY 2012 ending June 2011.The consolidated results are tabulated below showing the first quarter of 2012 – along with the Q4 FY 2011, Q1 FY 2011 and FY2011 total.
Net Sales from Operations have improved to Rs.107.37 cr in Q1 FY 2012 compared to Rs.83.56 cr in the corresponding quarter- Q1 of FY 2011.
Loss from Operations has come down to Rs(-)17.92 cr in Q1 FY 12 from Rs(-)27.53 Cr.
Consolidated Net Loss likewise has come down to Rs(-)17.98 cr in Q1 FY 12 from Rs(-)31.11 Cr in Q1 FY 11.
The other financial details are in the table. If the Progress continues at the same rate or better – the company may return back to Profits quickly.
As can be seen from the Announcements to NSE section – the company has taken a few steps in the recent past in improving its Business operations, M&As etc.
Results table (consolidated) :
| Q1 FY12CS | ||||
| Net Sales from Operations | 10737 | 13,187.00 | 8,356.00 | 41,857.00 |
| Other Operating Income | 330 | 364 | 52 | 766 |
| Raw Materials | 2356 | 2,697.00 | 1,470.00 | 8,227.00 |
| Employees Cost | 3823 | 4,069.00 | 3,949.00 | 14,762.00 |
| Depreciation | 714 | 728 | 752 | 3,084.00 |
| Other Expenditure | 5966 | 7,303.00 | 4,990.00 | 26,809.00 |
| Total Expenditure | 12859 | 14,797.00 | 11,161.00 | 52,882.00 |
| Profit from Operations | -1792 | -1,246.00 | -2,753.00 | -10,259.00 |
| Other Income | 593 | 3,196.00 | 200 | 2,699.00 |
| Interest | 612 | 492 | 517 | 2,205.00 |
| Exceptional items | - | 7,570.00 | - | 7,570.00 |
| Profit before tax | -1811 | -6,112.00 | -3,070.00 | -17,335.00 |
| Tax Expense | 172 | 255 | 79 | 564 |
| Net Profit | -1983 | -6,367.00 | -3,149.00 | -17,899.00 |
| Minority Interest | -149 | -283 | 41 | -404 |
| Shares of Associates | -36 | -4 | -79 | -106 |
| Consolidated Net Profit | -1798 | -6,080.00 | -3,111.00 | -17,389.00 |
| Face Value (in Rs.) | 4 | 4 | 4 | 4 |
| Paid-up Equity | 2579 | 2,579.00 | 2,579.00 | 2,579.00 |
| Reserves | - | - | - | 24,217.00 |
| Basic EPS (in Rs.) | -2.79 | -9.43 | -4.82 | -26.97 |
| Public holding (%) | 38.55 | 38.55 | 38.55 | 38.55 |
ANNOUNCEMENTS TO NSE
03-03-2011 New Delhi Television Limited had informed the Exchange vide its letter dated September 20, 2010 regarding the agreement entered into between NDTV Lifestyle Holdings Pvt. Ltd., an indirect subsidiary of New Delhi Television Limited and Astro All Asia Networks Plc, for the acquisition of 49% stake in the Lifestyle business of the NDTV group by South Asia Creative Assets Limited, a subsidiary of Astro All Asia Networks. Further to the receipt of all the regulatory and statutory approvals required in this regard, NDTV Lifestyle Holdings Private Limited and Astro All Asia Networks Plc have successfully concluded their strategic alliance for lifestyle channels in India. By a subscription of shares for US $ 40 million, Astro All Asia Networks now has an effective indirect stake of 49% in NDTV Lifestyle Holdings Private Limited.
17-12-2010 New Delhi Television Limited has informed the Exchange vide its letter dated December 17, 2010, regarding the Scheme of Arrangement for merger of NDTV Studios Limited, NDTV India Plus Limited, NDTV Business Limited, New Delhi Television Media Limited, NDTV Delhi Limited, NDTV Hindu Media Limited, NDTV 24X7 Limited, NDTV News Limited with New Delhi Television Limited ("Scheme of Arrangement")
21-09-2010 New Delhi Television Limited has informed the Exchange vide its letter dated September 20, 2010 that New Delhi Television Limited (NDTV) and a subsidiary of Astro All Asia Networks plc have reached a definitive agreement to create a strategic alliance for lifestyle channels in India.
18-08-2010 News Verification : The media had reports that New Delhi Television Limited may sell stake in its subsidiary, NDTV Lifestyle.. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. New Delhi Television Limited has vide its letter inter-alia stated, "Negotiations are currently underway for a strategic alliance in the lifestyle business. The proposed alliance is only at the stage of discussions. Also, regulatory approvals would be required for the transaction for which applications have been filed but which have not been received. As and when the transaction is at a definitive stage, the company shall disclose the same to the stock exchanges, in accordance with applicable law."
25-06-2010 New Delhi Television Limited has informed the Exchange that by an order dated June 04, 2010 passed in the New Delhi Television Limited (Applicant/Transferee Company) Application, the Hon'ble High Court of Delhi, has directed that a meeting of Equity Shareholders, Secured Creditors and Unsecured Creditors of the Applicant/Transferee Company be held on July 12, 2010 for the purpose of considering, and if thought fit, approving, with or without modification, the Scheme of Arrangement between NDTV Studios Limited, NDTV India Plus Limited, NDTV Business Limited, New Delhi Television Media Limited, NDTV Delhi Limited, NDTV Hindu Media Limited, NDTV News 24X7 Limited, NDTV News Limited (the Transferor Companies) and New Delhi Television Limited (the Transferee Company).
11-05-2010 New Delhi Television Limited has informed the Exchange that Reorganization Committee of the Board of Directors of the Company, in its Meeting held on May 10, 2010, accorded approval to the Scheme of Arrangement ("Scheme") for the merger of NDTV Studios Limited, NDTV India Plus Limited, NDTV Hindu Media Limited, NDTV Business Limited, NDTV News 24X7 Limited, New Delhi Television Media Limited, NDTV Delhi Limited and NDTV News Limited with the Company including reorganization of reserves. Further to same, the Company shall file the applications to Stock Exchanges in due course to obtain their No objection/ consent to the aforesaid Scheme of Arrangement.
04-05-2010 New Delhi Television Limited has informed the Exchange that: "The NDTV Group and Scripps Networks Interactive Inc. had entered into definitive agreements for a strategic alliance. The NDTV Group has decided to exercise its right to terminate the definitive agreements and is in the process of terminating them ".
03-05-2010 New Delhi Television Limited has informed the Exchange that the Board of Directors of the Company at their meeting held on April 30, 2010 1) Did not recommend payment of Dividend for the financial year ended March 31, 2010. 2) Approved the acquisition of 51% stake in NDTV Studios Limited, an associate of the Company, from NDTV Group Employees' Trust. 3) Have considered the structure of direct and indirect subsidiaries of the Company abroad which were set up for various commercial reasons including to achieve global expansion plans of the Company. However, as the demerger process has been withdrawn and in view of the high administrative and maintenance costs to maintain the structure, the Board decided that the costs be reduced substantially by merging/ winding up /spinning off of companies/ SPVs which are no longer required. Accordingly, to effect the aforesaid objective the Board of Directors accorded in-principle approval to the simplification of international structure of the NDTV Group by way of consolidation, liquidation etc of its direct and indirect subsidiaries in overseas jurisdications.4) Accorded in-principle approval to the Scheme of Amalgamation ("Scheme") for the merger of NDTV Studios Limited, NDTV India Plus Limited, NDTV Hindu Media Limited, NDTV Business Limited, NDTV News 24x7 Limited, New Delhi Television Media Limited, NDTV Delhi Limited and NDTV News Limited with the Company. Accordingly for this purpose, authorised the Reorganisation Committee of the Board of Directors of the Company to make changes/ amendments, if any required in the Scheme and finalize the same, make applications, petitions etc to Stock Exchanges, High Court and other regulatory authorities to obtain their No Objection/consent to the same and take all steps necessary to give effect to the aforesaid amalgamation. 5) Approved the appointment of Mr. Pramod Bhasin as an additional director of the company w.e.f. April 30, 2010.
01-05-2010 New Delhi Television Limited has informed the Exchange regarding the standalone Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 29907 lacs for year ending on 31-MAR-2010 against Rs. 30961 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. (2052) lacs for the year ending on 31-MAR-2010 against Rs. (7318) lacs for the year ending on 31-MAR-2009.
01-05-2010 New Delhi Television Limited consolidated Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 57220 lacs for year ending on 31-MAR-2010 against Rs. 49232 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 11765 lacs for the year ending on 31-MAR-2010 against Rs. 14301 lacs for the year ending on 31-MAR-2009.
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