ITV

Category: Multi System Operators

  • Hathway revenue and operating profit up in third quarter

    BENGALURU: Indian multi system operator (MSO) Hathway Cable and Datacom Limited (Hathway) reported 25.5 per cent growth in Total Income from operations (TIO) and 46 percent growth in operating profits (EBIDTA) for the quarter ended 31 December 2016 (Q3-17, current quarter). The company reported TIO of Rs 337.6 crore in Q3-17 as compared to Rs 281.2 crore in the corresponding quarter of the previous year.

    The company’s EBDITA (earnings before depreciation, interest, taxes and amortisation or operating profit) including other income in the current quarter was Rs 66.6 crore (20 percent EBIDTA margin) and was Rs 45.4 crore (16 percent EBIDTA margin) in Q3-16. The company’s loss as per IND-AS in the current quarter increased to Rs 44.4 crore from a loss of Rs 41.2 crore in Q3-16.

    Hathway reported high growth in Cable subscription revenue, Activation fees and Broadband revenue, while placement revenue declined. The company’s broadband segment has been performing very well, as a matter of fact, among the national level MSOs’ Hathway has the highest subscription and revenue numbers among all of them. Like in the immediate trailing quarter, within Hathway, in Q3-17, Broadband subscription had the highest contribution to revenue, even more than Cable TV subscription revenue

    Hathway’s broadband subscriber base increased by 0.4 lakh in Q3-17 to 8.6 lakh from 8.2 lakh in the immediate trailing quarter. Consolidated broadband revenue in the current quarter as per IND AS increased 62 percent to Rs 127.8 crore from Rs 78.7 crore in the previous year. Consolidated Broadband ARPU in Q3-17 was Rs 654 as compared to Rs 631 in Q3-16 and Rs 643 in the immediate trailing quarter.

    Reported CATV subscription revenue as per IND AS in the current quarter increased 17 percent to Rs 114.1 crore from Rs 97.7crore in Q3-16 Hathway says that it has deployed 4 lakh STBs at a consolidated level. Standalone CATV ARPU in DAS Phase I was Rs 105, in Phase II areas was Rs 95. ARPU from phase III areas was Rs 45.

    Placement revenue as per IND AS in the current quarter declined 14 percent to Rs 70.4 crore from Rs 82.2 crore in Q3-16.

    Activation revenue as per IND AS increased 49 percent y-o-y in Q3-17 to Rs 21 crore from Rs 115 crore in Q3-16.

    Other revenue as per IND AS declined 43 percent in Q3-17 to Rs 4.3 crore from Rs 7.6 in Q3-16.

    Hathway’s Standalone Total Expenditure (without depreciation and amortization) in Q3-17 increased 14 percent to Rs 27.52 crore from Rs 239.4 crore in the previous year.

    Standalone Pay channel cost in the current quarter increased 10 percent to Rs 104.3 crore from Rs 94.5 crore in Q3-16. Standalone Employee Benefit expense in Q3-17 increased 19 percent y-o-y to Rs 23.3 crore from Rs 19.6 crore.

    Note: The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:
    (a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.
    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.

  • Hathway launches ad-free value-added service

    MUMBAI: Hathway Cable and Datacom have announced the launch of a new segment– Hathway Special under its cable business. The service is currently available to only DTH subscribers. For all the Hathway subscribers, the ad-free service will be offered for a free preview starting from 9 February for 30 days.

    Hathway Special will cater to customers looking for additional services over and above broadcaster channels and will be priced between Rs. 15 to Rs. 60 per service on a monthly basis.

    “At Hathway, we take pride in being the first MSO in the country to launch exclusive and diverse Value Added Services for all our subscribers.With the addition of the new service – Hathway Special, it is our endeavour to provide services best in the industry, be it in the form of experience, quality or pricing. We are empowering our LCOs to further enhance their business in terms of earnings and efficiency with this new Value Added Service. We are sure that Hathway Special will add significant earnings to the LCO just as the Hathway Connect Portal helped in ease of business and improved efficiency for all,” said Hathway Cable and Datacom chief executive officer video business T. S. Panesar.

    The subscribers will now have a choice of viewing value added services across nine different genres including the best of blockbusters, and music videos. Additionally, devotional content and animated content for children is also available on Hathway Special. The company aims to provide at least 30 offerings under Hathway Special catering to more varied genres while expanding its reach and viewership in the months ahead.

    The MSO is also focused on making available non-linear content of the likes of Video-on-Demand (VOD) and other localised content respective to its market.

    The new services under the Hathway Special range include:

    o MiniPlex: Blockbuster Bollywood movie premiers

    o Comedy Wala: Classic comedy show to New series; Original clips to comedy tweaked Bollywood clips

    o Lamhe Movie: Timeless classics and heart-warming stories from the bygone era

    o Yippee: Fun Learning and engagement for kids including animated nursery rhymes, moral stories, etc.

    o Garv Shree Swaminarayan: A devotional service for Swaminarayan – Bhakti, Aarti montage in Gujarati

    o Om Shakti: A devotional service for Aarti, BhajanJaaps, with live coverage of special events

    o Ibaadat: A devotional service for Tilawat E Quran, Naat Shareef, Hadees Shareef

    o InSync: A Classical Music service with Ustaads and Maestros of the field

  • Action to be taken against analogue-using MSOs / LCOs in urban areas

    Action to be taken against analogue-using MSOs / LCOs in urban areas

    NEW DELHI: With the deadline for switching off analogue signals in Phase III of digitisation of cable television getting over on 31 January 2017, all nodal officers have been asked to initiate action against multi-system operators who are still continuing with analogue signals.

    The information and broadcasting ministry said said that the nodal offices should immediately “ensure/confirm that the analogue signals in Phase lll areas are not transmitted with effect from 1 February 2017.

    The ministry said that action against MSOs / cable operators can be initiated under Section 11 of the Cable TV Networks (Regulation) Act 1995 for violating Section 44. The ministry must be informed of action taken.

    The deadline of 31 December 2015 for Phase III had been extended to 31 January 2017 because of the stay orders earlier granted by various high courts which were vacated by the Delhi High Court.

    The Chief Secretaries of all States/UTs were requested on 17 January 2017 to ensure that the Authorised officers get acquainted with their powers and enforce them against defaulters MSOs/Cable Operators if they continue to carry analogue signals in Phase lll urban areas after 31 January 2017.

    Under Section 44 of the Cable TV Act 1995, it is obligatory for every cable operator to transmit or re-transmit programmes of any channel in an encrypted form through a digital addressable system with effect from the date as may be specified/notified by the Ministry from time to time.

    The Ministry claimed that the reports from many major MSOs having switched to digital signals, has been very encouraging. But, information from many MSOs are yet to be received.

    Also Read:

    DAS P-III deadline crossed: No court stay, only three cases pending

    TRAI for pvt players in DTT, suggests capping of transmitters

    No DAS III extension beyond 31 Jan, reiterates MIB

  • Action to be taken against analogue-using MSOs / LCOs in urban areas

    Action to be taken against analogue-using MSOs / LCOs in urban areas

    NEW DELHI: With the deadline for switching off analogue signals in Phase III of digitisation of cable television getting over on 31 January 2017, all nodal officers have been asked to initiate action against multi-system operators who are still continuing with analogue signals.

    The information and broadcasting ministry said said that the nodal offices should immediately “ensure/confirm that the analogue signals in Phase lll areas are not transmitted with effect from 1 February 2017.

    The ministry said that action against MSOs / cable operators can be initiated under Section 11 of the Cable TV Networks (Regulation) Act 1995 for violating Section 44. The ministry must be informed of action taken.

    The deadline of 31 December 2015 for Phase III had been extended to 31 January 2017 because of the stay orders earlier granted by various high courts which were vacated by the Delhi High Court.

    The Chief Secretaries of all States/UTs were requested on 17 January 2017 to ensure that the Authorised officers get acquainted with their powers and enforce them against defaulters MSOs/Cable Operators if they continue to carry analogue signals in Phase lll urban areas after 31 January 2017.

    Under Section 44 of the Cable TV Act 1995, it is obligatory for every cable operator to transmit or re-transmit programmes of any channel in an encrypted form through a digital addressable system with effect from the date as may be specified/notified by the Ministry from time to time.

    The Ministry claimed that the reports from many major MSOs having switched to digital signals, has been very encouraging. But, information from many MSOs are yet to be received.

    Also Read:

    DAS P-III deadline crossed: No court stay, only three cases pending

    TRAI for pvt players in DTT, suggests capping of transmitters

    No DAS III extension beyond 31 Jan, reiterates MIB

  • Hinduja Group media head Mansukhani spells out priorities

    Hinduja Group media head Mansukhani spells out priorities

    NEW DELHI: The new CEO  & MD of Hinduja Media Group Ashok Mansukhani, a veteran of Indian media industry, has already got his priorities etched out and expressed willingness to work along with all stakeholders of the sector for the overall growth and mutual benefits.

    Speaking to Indiantelevision.com, the bureaucrat-turned-corporate-executive Mansukhani said priorities included getting digital rollout of Indian TV services “back on track”, push for promotion of digitisation and increased education of consumers, explore how some of his cable segment colleagues could benefit from digitisation and last, but not the least, to work towards bringing other segments of the media and entertainment sector, including regulators and policy-makers, together so a conducive environment for a mature dialogue could be created.

    Indirectly admitting that digitisation had hit roadblocks in the last 12-18 months owing to several reasons, Mansukhani said while the third phase of digitisation is coming to an end, edges in the fourth and last phase need to be ironed out. “At the end of the day, it’s a matter of 73 million homes in small towns and hamlets in the last phase of digitisation and we cannot take the task lightly,” he explained.

    Mansukhani, a former Indian Revenue Service government official, has seen the Indian media industry (specifically the electronic medium) grow from staid Doordarshan days to the present vibrant — and possibly a bit chaotic — stage of evolution when the country has over 800 private sector licensed TV channels, several distribution platforms and approximately 50,000 cable operators. His stints at the pubcaster’s headquarters in New Delhi’s Mandi House area, Ministry of Information and Broadcasting (MIB) and later in the private sector with the Hinduja Group, puts him in a unique position.

    According to Mansukhani, who now will be heading the media assets of the multi-billion dollar Hinduja Group, including MSO company IndusInd Media and Communications Ltd (IMCL) and the HITS venture, the Indian media and TV industry is at a critical stage of development and hinted increased litigation and face-off with the regulator and policy-makers could be detrimental  for the industry, which needs to come together to voice the genuine and common concerns of the industry.

    “I would also like to see and explore how we can help cable operator colleagues and others benefit from digitisation,” Mansukhani said, adding that a more concerted effort needs to be put in by stakeholders, including broadcasters, distribution platforms and the regulator, to educate consumers, especially those in small towns, about the long term benefit of digitisation despite the monthly outflow in subscription fee increasing a bit.

    “Consumer education is very important in general and especially for the fourth phase (of digitisation) homes. All of us need to support this education process as it would be beneficial for all stakeholders,” he said.

    Mansukhani comes in place of Tony D’Silva, who joined the Hinduja Group on 1 August 2012 as the president of Hinduja Ventures Limited and strategised the group’s media businesses. D’Silva had expressed a desire to demit office after completion of his contract on 31 January 2017 to pursue “other interests and spend more time with his family,” according to an official statement from the Hinduja Group.

    However, it needs to be seen how Mansukhani grows the comparatively new HITS business carried out under a separate group company, apart from tackling the challenges of IMCL, an MSO.

    ALSO READ:

    Ashok Mansukhani takes over as IMCL CEO & MD

    Distribution vet Tony D’silva departs from IMCL

  • Hinduja Group media head Mansukhani spells out priorities

    Hinduja Group media head Mansukhani spells out priorities

    NEW DELHI: The new CEO  & MD of Hinduja Media Group Ashok Mansukhani, a veteran of Indian media industry, has already got his priorities etched out and expressed willingness to work along with all stakeholders of the sector for the overall growth and mutual benefits.

    Speaking to Indiantelevision.com, the bureaucrat-turned-corporate-executive Mansukhani said priorities included getting digital rollout of Indian TV services “back on track”, push for promotion of digitisation and increased education of consumers, explore how some of his cable segment colleagues could benefit from digitisation and last, but not the least, to work towards bringing other segments of the media and entertainment sector, including regulators and policy-makers, together so a conducive environment for a mature dialogue could be created.

    Indirectly admitting that digitisation had hit roadblocks in the last 12-18 months owing to several reasons, Mansukhani said while the third phase of digitisation is coming to an end, edges in the fourth and last phase need to be ironed out. “At the end of the day, it’s a matter of 73 million homes in small towns and hamlets in the last phase of digitisation and we cannot take the task lightly,” he explained.

    Mansukhani, a former Indian Revenue Service government official, has seen the Indian media industry (specifically the electronic medium) grow from staid Doordarshan days to the present vibrant — and possibly a bit chaotic — stage of evolution when the country has over 800 private sector licensed TV channels, several distribution platforms and approximately 50,000 cable operators. His stints at the pubcaster’s headquarters in New Delhi’s Mandi House area, Ministry of Information and Broadcasting (MIB) and later in the private sector with the Hinduja Group, puts him in a unique position.

    According to Mansukhani, who now will be heading the media assets of the multi-billion dollar Hinduja Group, including MSO company IndusInd Media and Communications Ltd (IMCL) and the HITS venture, the Indian media and TV industry is at a critical stage of development and hinted increased litigation and face-off with the regulator and policy-makers could be detrimental  for the industry, which needs to come together to voice the genuine and common concerns of the industry.

    “I would also like to see and explore how we can help cable operator colleagues and others benefit from digitisation,” Mansukhani said, adding that a more concerted effort needs to be put in by stakeholders, including broadcasters, distribution platforms and the regulator, to educate consumers, especially those in small towns, about the long term benefit of digitisation despite the monthly outflow in subscription fee increasing a bit.

    “Consumer education is very important in general and especially for the fourth phase (of digitisation) homes. All of us need to support this education process as it would be beneficial for all stakeholders,” he said.

    Mansukhani comes in place of Tony D’Silva, who joined the Hinduja Group on 1 August 2012 as the president of Hinduja Ventures Limited and strategised the group’s media businesses. D’Silva had expressed a desire to demit office after completion of his contract on 31 January 2017 to pursue “other interests and spend more time with his family,” according to an official statement from the Hinduja Group.

    However, it needs to be seen how Mansukhani grows the comparatively new HITS business carried out under a separate group company, apart from tackling the challenges of IMCL, an MSO.

    ALSO READ:

    Ashok Mansukhani takes over as IMCL CEO & MD

    Distribution vet Tony D’silva departs from IMCL

  • MSOs get permission to operate in other areas apart from permitted areas

    MSOs get permission to operate in other areas apart from permitted areas

    NEW DELHI: In a major change of policy aimed at expediting digital addressability of cable television in the country, the Government late this evening said all registered multi system operators “are free to operate in any parts of tire country, irrespective of registration for specified DAS notified area(s) granted earlier”.

    Until now, MSOs are licensed by the Information and Broadcasting Ministry to operate only in areas specified by them in their applications, unless they have applied for pan-India registration.

    A notice on the Ministry website said if any registered MSO has operationalized the service in any DAS notified area(s) in any part of the country, it would be treated as having been implemented the service on his part irrespective of the number of the Set Top Boxes (STBs) installed by him.

    However, the registered MSO has to submit the details of Headend, SMS, subscribers list and a self-certificate that he is carrying all the mandatory TV channels.

    This has to be done within six months from date of issuance of MSO registration to the Ministry, failing which the MSO registration is liable to cancelled/suspended.

    All other terms and conditions of the registration shall remain unchanged

    Also Read :

    No DAS III extension beyond 31 Jan, reiterates MIB

    Budget 2017 Wish-list: MSOs demand industry status, rationalisation of entertainment & services taxes

    TRAI to meet b’casters, MSOs, DTH ops, telcos on ’17 roadmap

  • MSOs get permission to operate in other areas apart from permitted areas

    MSOs get permission to operate in other areas apart from permitted areas

    NEW DELHI: In a major change of policy aimed at expediting digital addressability of cable television in the country, the Government late this evening said all registered multi system operators “are free to operate in any parts of tire country, irrespective of registration for specified DAS notified area(s) granted earlier”.

    Until now, MSOs are licensed by the Information and Broadcasting Ministry to operate only in areas specified by them in their applications, unless they have applied for pan-India registration.

    A notice on the Ministry website said if any registered MSO has operationalized the service in any DAS notified area(s) in any part of the country, it would be treated as having been implemented the service on his part irrespective of the number of the Set Top Boxes (STBs) installed by him.

    However, the registered MSO has to submit the details of Headend, SMS, subscribers list and a self-certificate that he is carrying all the mandatory TV channels.

    This has to be done within six months from date of issuance of MSO registration to the Ministry, failing which the MSO registration is liable to cancelled/suspended.

    All other terms and conditions of the registration shall remain unchanged

    Also Read :

    No DAS III extension beyond 31 Jan, reiterates MIB

    Budget 2017 Wish-list: MSOs demand industry status, rationalisation of entertainment & services taxes

    TRAI to meet b’casters, MSOs, DTH ops, telcos on ’17 roadmap

  • Q3-17: Den Networks reports higher ARPUs, subscription revenue & operating profits

    Q3-17: Den Networks reports higher ARPUs, subscription revenue & operating profits

    BENGALURU: Following the 26.7 percent year-over-year (y-o-y) increase in the previous quarter, multiple-systems operator (MSO) Den Networks Limited (Den) reported 29.7 percent y-o-y increase in consolidated Total Income from operations (TIO) for the quarter ended December 31, 2016 (Q3-17, current quarter) as compared to the corresponding year ago quarter (Q3-16). The company also reported a 75.1 percent quarter-over quarter (q-o-q) increase in consolidated operating profit (EBIDTA) to Rs 50.34 crore (18.7 percent margin) from Rs 28.75 crore (10.6 percent margin) in the current quarter. In the corresponding year ago quarter Den had reported an operating loss (negative EBIDTA) of Rs 39.56 crore. Den’s TIO for the current quarter was Rs 298.83 crore as compared to Rs 230.39 crore in Q3-16. EBIDTA including other income was Rs 62.60 crore (22.3 percent margin of TIO) in Q3-17 as opposed to an operating loss (including other income) of Rs 27.03 crore in Q3-16.

    Further the company reported lower losses for the current quarter as compared to the corresponding year ago quarter. Net loss after tax (PAT) reduced to Rs 45.19 crore in Q3-17 as compared to a loss of Rs 87.39 crore in Q3-16. Total Comprehensive Income (TCI) improved to a negative Rs 44.39 crore in Q3-17 as compared a negative Rs 87.18 crore in Q3-16.

    Said DEN Networks CEO SN Sharma: “The company continues to improve on cable subscription billing on a quarter on quarter basis. ARPU (including taxes) for DAS 1, 2 and 3 markets stood at Rs 125, Rs. 95 and Rs. 64 per box respectively which reflects on improvement of 11 per cent , 6 per cent and 23 per cent respectively on Q-o-Q basis , with a strong collection efficiency at 95 per cent .”

    Sharma also announced that DEN has  achieved break even in the company’s broadband business for the full quarter despite telecom launches and freebies offered by the big players.

    Segment numbers

    The company has two operating segments that contribute to revenue for now– Cable Distribution Network (Cable) and Broadband (brand Boomband). Both segments reported improved operating numbers. Its third segment – the soccer segment has no revenue as of now. The segment has neither income nor result for the current quarter. That’s because the company is gradually exiting from the business and has divested almost 80 per cent of its equity in the team.

    Cable segment reported 35.4 percent growth in operating revenue in Q3-17 at Rs 277.36 crore as compared to Rs 204.84 crore in Q3-16. The segment’s operating loss in the current quarter improved significantly to Rs 11.68 crore as compared to higher operating loss of Rs 43.90 core in Q3-16 and an operating loss of Rs 31.22 crore in the immediate trailing quarter.

    Broadband segment revenue increased 82.6 in the current quarter to Rs 21.47 crore as compared to Rs 11.76 crore in Q3-16. The segment reported lower standalone operating loss in Q3-17 of Rs 7.22 crore as compared to an operating loss of Rs 19.77 crore in the corresponding year ago quarter.

    Let us look at the other numbers reported by Den

    Other Income in Q3-17 declined 2.2 percent to Rs 12.26 crore as compared to Rs 12.53 crore in Q3-16

    Total Expenditure in the current quarter was 0.8 percent lower at Rs 317.73 crore (118.2 percent of TIO) as compared Rs 320.17 crore (162.6 percent of TIO) in Q3-16.

    A major cost head for Den is Content Costs which increased 3.5 percent to Rs 119.28 crore (44.4 percent of TIO) in Q3-17 from Rs 115.27 crore (58.5 percent of TIO).

    Other Expenses reduced 26.9 percent in the current quarter to Rs 84.44 crore (31.4 percent of TIO) as compared to Rs 115.49 crore (58.7 percent of TIO) in Q3-16.

    Placement fees increased 2.9 percent in the current quarter to Rs 11.82 crore (4.4 percent of TIO) as compared to Rs 11.49 crore (5.8 percent of TIO) in the corresponding year ago quarter.

    Employee benefits expense in Q3-17 increased 17.3 percent to Rs 32.95 crore (12.3 percent of TIO) as compared to Rs 28.10 crore (14.3 percent of TIO) in Q3-16.

    Finance costs in the current quarter increased 9 percent to Rs 20.44 crore (7.6 percent of TIO) as compared to Rs 18.75 crore (9.5 percent of TIO) in Q3-16.

    Note: (1) All numbers mentioned in this report are standalone unless stated otherwiserigh.

    (2)The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:

    (a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.

    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.

  • Q3-17: Den Networks reports higher ARPUs, subscription revenue & operating profits

    Q3-17: Den Networks reports higher ARPUs, subscription revenue & operating profits

    BENGALURU: Following the 26.7 percent year-over-year (y-o-y) increase in the previous quarter, multiple-systems operator (MSO) Den Networks Limited (Den) reported 29.7 percent y-o-y increase in consolidated Total Income from operations (TIO) for the quarter ended December 31, 2016 (Q3-17, current quarter) as compared to the corresponding year ago quarter (Q3-16). The company also reported a 75.1 percent quarter-over quarter (q-o-q) increase in consolidated operating profit (EBIDTA) to Rs 50.34 crore (18.7 percent margin) from Rs 28.75 crore (10.6 percent margin) in the current quarter. In the corresponding year ago quarter Den had reported an operating loss (negative EBIDTA) of Rs 39.56 crore. Den’s TIO for the current quarter was Rs 298.83 crore as compared to Rs 230.39 crore in Q3-16. EBIDTA including other income was Rs 62.60 crore (22.3 percent margin of TIO) in Q3-17 as opposed to an operating loss (including other income) of Rs 27.03 crore in Q3-16.

    Further the company reported lower losses for the current quarter as compared to the corresponding year ago quarter. Net loss after tax (PAT) reduced to Rs 45.19 crore in Q3-17 as compared to a loss of Rs 87.39 crore in Q3-16. Total Comprehensive Income (TCI) improved to a negative Rs 44.39 crore in Q3-17 as compared a negative Rs 87.18 crore in Q3-16.

    Said DEN Networks CEO SN Sharma: “The company continues to improve on cable subscription billing on a quarter on quarter basis. ARPU (including taxes) for DAS 1, 2 and 3 markets stood at Rs 125, Rs. 95 and Rs. 64 per box respectively which reflects on improvement of 11 per cent , 6 per cent and 23 per cent respectively on Q-o-Q basis , with a strong collection efficiency at 95 per cent .”

    Sharma also announced that DEN has  achieved break even in the company’s broadband business for the full quarter despite telecom launches and freebies offered by the big players.

    Segment numbers

    The company has two operating segments that contribute to revenue for now– Cable Distribution Network (Cable) and Broadband (brand Boomband). Both segments reported improved operating numbers. Its third segment – the soccer segment has no revenue as of now. The segment has neither income nor result for the current quarter. That’s because the company is gradually exiting from the business and has divested almost 80 per cent of its equity in the team.

    Cable segment reported 35.4 percent growth in operating revenue in Q3-17 at Rs 277.36 crore as compared to Rs 204.84 crore in Q3-16. The segment’s operating loss in the current quarter improved significantly to Rs 11.68 crore as compared to higher operating loss of Rs 43.90 core in Q3-16 and an operating loss of Rs 31.22 crore in the immediate trailing quarter.

    Broadband segment revenue increased 82.6 in the current quarter to Rs 21.47 crore as compared to Rs 11.76 crore in Q3-16. The segment reported lower standalone operating loss in Q3-17 of Rs 7.22 crore as compared to an operating loss of Rs 19.77 crore in the corresponding year ago quarter.

    Let us look at the other numbers reported by Den

    Other Income in Q3-17 declined 2.2 percent to Rs 12.26 crore as compared to Rs 12.53 crore in Q3-16

    Total Expenditure in the current quarter was 0.8 percent lower at Rs 317.73 crore (118.2 percent of TIO) as compared Rs 320.17 crore (162.6 percent of TIO) in Q3-16.

    A major cost head for Den is Content Costs which increased 3.5 percent to Rs 119.28 crore (44.4 percent of TIO) in Q3-17 from Rs 115.27 crore (58.5 percent of TIO).

    Other Expenses reduced 26.9 percent in the current quarter to Rs 84.44 crore (31.4 percent of TIO) as compared to Rs 115.49 crore (58.7 percent of TIO) in Q3-16.

    Placement fees increased 2.9 percent in the current quarter to Rs 11.82 crore (4.4 percent of TIO) as compared to Rs 11.49 crore (5.8 percent of TIO) in the corresponding year ago quarter.

    Employee benefits expense in Q3-17 increased 17.3 percent to Rs 32.95 crore (12.3 percent of TIO) as compared to Rs 28.10 crore (14.3 percent of TIO) in Q3-16.

    Finance costs in the current quarter increased 9 percent to Rs 20.44 crore (7.6 percent of TIO) as compared to Rs 18.75 crore (9.5 percent of TIO) in Q3-16.

    Note: (1) All numbers mentioned in this report are standalone unless stated otherwiserigh.

    (2)The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:

    (a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.

    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.