ITV

Category: Multi System Operators

  • Q1-17: Infrastructure leasing segment pulls down Ortel’s numbers

    Q1-17: Infrastructure leasing segment pulls down Ortel’s numbers

    BENGALURU: The Bibhu Prasad Rath led regional cable television and broadband internet player Ortel Communications Limited (Ortel) reported less than one third  ( 1/3.6 times) profit after tax (PAT) for the quarter ended 30 June 2016 (Q1-17, current quarter). Ortel reported PAT in Q1-17 at Rs 0.86 crore (1.6 percent margin) as compared to Rs 3.05 crore (7.5 percent margin) in the corresponding quarter of the previous year. The improved performance by company’s cable and broadband segments were pulled down by the lower execution of the company’s Infrastructure Leasing segment. Cable TV and broadband segments are the major contributors to Ortel’s numbers.

    Ortel provides services in the Indian states of Odisha, Chhattisgarh, Andhra Pradesh, Madhya Pradesh and West Bengal.

    Ortel’s Total Income from Operations (TIO) increased 29.1 percent year-over-year (y-o-y) in the current year to Rs 52.42 crore as compared to Rs 40.60 crore in Q1-16. TIO declined marginally (declined 1.6 percent) quarter-over-quarter (q-o-q) from Rs 53.28 crore in Q4-16.

    Company speak:

    Ortel President and CEO Rath said, “We have begun the year on a positive note with healthy results in our Cable Television and Broadband segments. This is reflected in the revenues which grew y-o-y by 45 percent and 26 percent respectively in Q1-17. I am also pleased to highlight that the total subscriber addition stood strong at 68,949 during the quarter taking our total subscriber base to 770,141. Our profitability however was impacted during the period under review primarily due to lower quarterly execution in the  Infrastructure Leasing business. Going forward I expect Infrastructure Leasing business to return back to normalcy in the coming quarters as execution picks up.

    Revenue breakup

    Cable TV revenue in Q1-17 increased 44.9 percent y-o-y to Rs 41.20 crore from Rs 28.43 crore in Q1-16 and increased 5.3 percent q-o-q from Rs 39.14 crore.

    Cable TV Activation fees or connection fees in Q1-17 were  almost 7 times at Rs 4.6 crore as compared to Rs 0.7 crore in Q1-16, but declined 23.8 percent q-o-q from Rs 6 crore. Cable TV subscription revenue in Q1-17 increased 38.7 percent y-o-y to Rs 27.7 crore from Rs 20 crore and increased 11.5 percent q-o-q from Rs 24.8 crore. Channel carriage fees in the current quarter increased 14.3 percent y-o-y to Rs 8.9 crore from Rs 7.8 crore and increased 7.8 percent q-o-q from Rs 8.3 crore.

    Broadband services revenue in Q1-17 increased 26 percent to Rs 9.5 crore from Rs 7.5 crore in Q1-16 and increased 6.3 percent q-o-q from Rs 8.9 crore. Internet connection fees in Q1-17 increased 13.4 percent y-o-y to Rs 0.7 crore from Rs 0.6 crore and increased 1.6 percent q-o-q. Internet subscription fees in Q1-17 increased 27 percent y-o-y to Rs 8.8 crore from Rs 7 crore and increased 6.6 percent q-o-q from Rs 8.3 crore.

    Ortel’s revenue from its infrastructure leasing segment in Q1-17 declined 75.4 percent to Rs 10 crore from Rs3.9 crore in Q1-16 and declined 78.4 percent q-o-q from Rs 4.4 crore.

    On a geographical basis, in the current quarter, revenue from Ortel’c core market – Odisha increased 13.9 percent to Rs 42.2 crore from Rs 37.1 crore but declined 5.3 percent q-o-q from Rs 44.6 crore. EBIDTA from the Odisha region in Q1-17 increased 5.5 percent y-o-y to Rs 17.2 crore from Rs 16.3 crore but declined 14.3 percent q-o-q from Rs 20.1 crore

    Revenue from Ortel’s Emerging Markets (Chhattisgarh, Madhya Pradesh, Andhra Pradesh, Telengana and West Bengal) more than tripled (3.2 times) y-o-y to Rs 9.7 crore in q1-17 from Rs 3 crore and increased 15.3 percent q-o-q from Rs 8.4 crore. Emerging markets reported lower negative EBIDTA in Q1-17 at Rs 0.7 crore as compared to a negative EIDTA of Rs 1 crore in Q1-16  and same as the negative EBIDTA of Rs 0.7 crore in Q4-16.

    Subscription numbers (revenue generating units – RGUs’), ARPU

    During the current quarter, the total subscribers (both cable and television) stood at 770,141 subscribers. Net addition in Q1-17 stood at 68,949 as compared to 74,717 subscriber additions in Q4-16. Percentage of digital TV subscribers in Q1-17 increased to 43.6 from 37.1 in the immediate trailing quarter.

    Television ARPU’s have been falling. Analog and Digital TV ARPU stood as Rs. 141 per month and Rs. 169 per month respectively. Digital ARPU in Q1-16 was Rs 185 and in Q4-16, it was Rs 178.

    The company added 5,124 broadband subscribers in Q1-17, taking its total broadband subscriber count to 77.609.

    Broadband ARPU in the current quarter increased to Rs 401 from Rs 393 in Q1-16 and Rs 398 in Q4-16.

    Let us look at the other numbers reported by Ortel in brief.

    Higher y-o-y total expenses (TE) in Q1-17 have also resulted in the lower PAT numbers for Q1-17 vis-à-vis Q1-16. Ortel’s TE in the current quarter increased 33.2 percent y-o-y to Rs 45.86 crore (87.5 percent of TIO) as compared to Rs 34.42 crore (84.8 percent of TIO), and increased 2.3 percent q-o-q from Rs 44.82 crore (84.1 percent of TIO).

    Programming cost in Q1-17 came in higher at Rs. 10 crore. Employee expenses during the current quarter stood higher y-o-y at Rs. 6.22 crore. EBITDA in Q1-17 (including other income) came in at Rs. 12.51 crore, representing a q-o-q decline of 6.1 percent.

    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.

  • Q1-17: Infrastructure leasing segment pulls down Ortel’s numbers

    Q1-17: Infrastructure leasing segment pulls down Ortel’s numbers

    BENGALURU: The Bibhu Prasad Rath led regional cable television and broadband internet player Ortel Communications Limited (Ortel) reported less than one third  ( 1/3.6 times) profit after tax (PAT) for the quarter ended 30 June 2016 (Q1-17, current quarter). Ortel reported PAT in Q1-17 at Rs 0.86 crore (1.6 percent margin) as compared to Rs 3.05 crore (7.5 percent margin) in the corresponding quarter of the previous year. The improved performance by company’s cable and broadband segments were pulled down by the lower execution of the company’s Infrastructure Leasing segment. Cable TV and broadband segments are the major contributors to Ortel’s numbers.

    Ortel provides services in the Indian states of Odisha, Chhattisgarh, Andhra Pradesh, Madhya Pradesh and West Bengal.

    Ortel’s Total Income from Operations (TIO) increased 29.1 percent year-over-year (y-o-y) in the current year to Rs 52.42 crore as compared to Rs 40.60 crore in Q1-16. TIO declined marginally (declined 1.6 percent) quarter-over-quarter (q-o-q) from Rs 53.28 crore in Q4-16.

    Company speak:

    Ortel President and CEO Rath said, “We have begun the year on a positive note with healthy results in our Cable Television and Broadband segments. This is reflected in the revenues which grew y-o-y by 45 percent and 26 percent respectively in Q1-17. I am also pleased to highlight that the total subscriber addition stood strong at 68,949 during the quarter taking our total subscriber base to 770,141. Our profitability however was impacted during the period under review primarily due to lower quarterly execution in the  Infrastructure Leasing business. Going forward I expect Infrastructure Leasing business to return back to normalcy in the coming quarters as execution picks up.

    Revenue breakup

    Cable TV revenue in Q1-17 increased 44.9 percent y-o-y to Rs 41.20 crore from Rs 28.43 crore in Q1-16 and increased 5.3 percent q-o-q from Rs 39.14 crore.

    Cable TV Activation fees or connection fees in Q1-17 were  almost 7 times at Rs 4.6 crore as compared to Rs 0.7 crore in Q1-16, but declined 23.8 percent q-o-q from Rs 6 crore. Cable TV subscription revenue in Q1-17 increased 38.7 percent y-o-y to Rs 27.7 crore from Rs 20 crore and increased 11.5 percent q-o-q from Rs 24.8 crore. Channel carriage fees in the current quarter increased 14.3 percent y-o-y to Rs 8.9 crore from Rs 7.8 crore and increased 7.8 percent q-o-q from Rs 8.3 crore.

    Broadband services revenue in Q1-17 increased 26 percent to Rs 9.5 crore from Rs 7.5 crore in Q1-16 and increased 6.3 percent q-o-q from Rs 8.9 crore. Internet connection fees in Q1-17 increased 13.4 percent y-o-y to Rs 0.7 crore from Rs 0.6 crore and increased 1.6 percent q-o-q. Internet subscription fees in Q1-17 increased 27 percent y-o-y to Rs 8.8 crore from Rs 7 crore and increased 6.6 percent q-o-q from Rs 8.3 crore.

    Ortel’s revenue from its infrastructure leasing segment in Q1-17 declined 75.4 percent to Rs 10 crore from Rs3.9 crore in Q1-16 and declined 78.4 percent q-o-q from Rs 4.4 crore.

    On a geographical basis, in the current quarter, revenue from Ortel’c core market – Odisha increased 13.9 percent to Rs 42.2 crore from Rs 37.1 crore but declined 5.3 percent q-o-q from Rs 44.6 crore. EBIDTA from the Odisha region in Q1-17 increased 5.5 percent y-o-y to Rs 17.2 crore from Rs 16.3 crore but declined 14.3 percent q-o-q from Rs 20.1 crore

    Revenue from Ortel’s Emerging Markets (Chhattisgarh, Madhya Pradesh, Andhra Pradesh, Telengana and West Bengal) more than tripled (3.2 times) y-o-y to Rs 9.7 crore in q1-17 from Rs 3 crore and increased 15.3 percent q-o-q from Rs 8.4 crore. Emerging markets reported lower negative EBIDTA in Q1-17 at Rs 0.7 crore as compared to a negative EIDTA of Rs 1 crore in Q1-16  and same as the negative EBIDTA of Rs 0.7 crore in Q4-16.

    Subscription numbers (revenue generating units – RGUs’), ARPU

    During the current quarter, the total subscribers (both cable and television) stood at 770,141 subscribers. Net addition in Q1-17 stood at 68,949 as compared to 74,717 subscriber additions in Q4-16. Percentage of digital TV subscribers in Q1-17 increased to 43.6 from 37.1 in the immediate trailing quarter.

    Television ARPU’s have been falling. Analog and Digital TV ARPU stood as Rs. 141 per month and Rs. 169 per month respectively. Digital ARPU in Q1-16 was Rs 185 and in Q4-16, it was Rs 178.

    The company added 5,124 broadband subscribers in Q1-17, taking its total broadband subscriber count to 77.609.

    Broadband ARPU in the current quarter increased to Rs 401 from Rs 393 in Q1-16 and Rs 398 in Q4-16.

    Let us look at the other numbers reported by Ortel in brief.

    Higher y-o-y total expenses (TE) in Q1-17 have also resulted in the lower PAT numbers for Q1-17 vis-à-vis Q1-16. Ortel’s TE in the current quarter increased 33.2 percent y-o-y to Rs 45.86 crore (87.5 percent of TIO) as compared to Rs 34.42 crore (84.8 percent of TIO), and increased 2.3 percent q-o-q from Rs 44.82 crore (84.1 percent of TIO).

    Programming cost in Q1-17 came in higher at Rs. 10 crore. Employee expenses during the current quarter stood higher y-o-y at Rs. 6.22 crore. EBITDA in Q1-17 (including other income) came in at Rs. 12.51 crore, representing a q-o-q decline of 6.1 percent.

    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.

  • Q2-16: Comcast Cable Communications video revenue up 2.8 percent

    Q2-16: Comcast Cable Communications video revenue up 2.8 percent

    BENGALURU: Comcast Corporation’s (Comcast) Cable Communications division (Comcast Cable, Cable) reported 2.8 percent increase in video revenue for the quarter ended 30 June 2016 (Q2-16, current quarter) as compared to the corresponding year ago quarter.

    The division reported video revenue at $5,581 million for Q2-16 as compared to $5,431 million in Q2-15

    Overall, Cable Communications revenue, which includes revenues from video, high speed internet, voice, business services advertising and ‘other’ segments increased 6.3 percent y-o-y in Q2-16. The growth in revenue was driven by increase in high speed internet, business services and video revenues.

    Cable Communications reported revenue of $12,444 million in the current quarter, while it was $11,740 million in Q2-15. Video revenue is the major contributor to Comcast’s Cable Communications segment, followed by high speed internet.

    Operating Cash Flow (OCF) from Comcast Cable Communications increased 5.7 percent y-o-y in the current quarter to $5,048 million from $4,777 million.

    Cable Communications business services stream had the highest y-o-y growth in Q2-16 among all the other streams at 16.9 percent (grew to $1,360 million from $1,163 million).  High speed internet revenue grew 8.6 percent y-o-y in Q2-16 to $3,369 million from $3,101 million.

    Overall, Comcast consolidated revenue also increased 2.8 percent year-over-year (y-o-y) to $19,269 million in the current quarter as compared to $18,743 million. Consolidated operating income declined 1 percent y-o-y in Q2-16 to $4,066 million from $4,105 million. Net income attributable to Comcast declined 5.1 percent y-o-y in Q2-16 to $ 2,038 million from $2,137 million.

    Cable Communications segment subscription numbers

    Overall, Comcast Cable Communications reported a q-o-q (quarter-over quarter) addition of 115,00 customer relationships to 28.085 million in Q2-16. During the corresponding year ago quarter, customer relationships were 26.265 million with net additions of 31,000.

    Comcast Cable Communications closed the current quarter with 22.396 million, a decline of 4,000 video customers from the immediate trailing quarter. High Speed Internet customers increased by 220,000 to 23.987 million, while Voice customers increased by 64,000 to 11.641 million in the current quarter vis-a-vis the immediate trailing quarter.

    In Q2-16, single play customers increased by 6,000 to 8.416 million, double play customers increased by 53,000 to 9.399 million, triple play customers increased by 56,000 to 10.269 million as compared to the immediate trailing quarter.    

    NBCUniversal (NBCU)

    NBCUniversal (NBCU) revenue declined 1.8 percent in Q2-16 to $7,103 million from $7,230 million in Q2-15. The slide was attributable to a 40.4 percent decline in NBCU’s Filmed Entertainment segment revenue in the current quarter to $1,351 million from $2,266 million in the corresponding year ago quarter.

    NBCU’s other segments – revenue from Cable Networks, Broadcast Television and Theme Parks –grew 4.7 percent, 17.3 percent and 47 percent, respectively.

    Cable Networks revenue in Q2-16 grew to $2,566 million from $2,450 million; Broadcast Television revenue increased to $2,128 million from $1,813 million; Theme Parks revenue increased to $1,136 million from $773 million.

    The segment saw almost flat y-o-y operating cash flow or OCF (declined 0.2 percent) in Q2-16 at $1,689 million as compared to $1,692 million.

    OCF from Filmed Entertainment segment declined to almost one eighth (declined by 86.7 percent) in Q2-16 to $56 million from $422 million.   OCF from Cable Networks in Q2-16 increased 8.3 percent y-o-y to $944 million from$872 million in Q2-15. OCF from Broadcast Television increased 70.5 percent y-o-y to $394 million from $231 million and OCF from Theme Parks increased 40.5 percent to $469 million from$334 million.

    Company Speak
    Comcast chairman and CEO Brian L. Roberts in a statement said, “I am pleased to report excellent results as our momentum continues across our businesses. Our Cable subscriber and financial performance during the quarter was outstanding. We more than tripled our customer relationship net additions, with our best second quarter Internet customer results in eight years and our best second quarter video customer results in over ten years, and we successfully balanced this with strong operating cash flow growth.

    “Despite an expected difficult comparison to last year’s record second quarter film slate, NBCUniversal achieved solid results, driven by strength in our TV businesses and Theme Parks, which benefitted from the successful opening of The Wizarding World of Harry Potter in Hollywood. I am excited about the opportunities ahead for our company as we work together to bring people incredible technology, and memorable experiences, and there is no better example than the Olympic Games. “

    Dwelling on the Olympics coverage, he said that the entire organization  was gearing up to deliver the most comprehensive and innovative Olympics coverage in history starting next week, which will showcase the incredible breadth of NBCUniversal together with Comcast Cable and the X1 platform

  • Q2-16: Comcast Cable Communications video revenue up 2.8 percent

    Q2-16: Comcast Cable Communications video revenue up 2.8 percent

    BENGALURU: Comcast Corporation’s (Comcast) Cable Communications division (Comcast Cable, Cable) reported 2.8 percent increase in video revenue for the quarter ended 30 June 2016 (Q2-16, current quarter) as compared to the corresponding year ago quarter.

    The division reported video revenue at $5,581 million for Q2-16 as compared to $5,431 million in Q2-15

    Overall, Cable Communications revenue, which includes revenues from video, high speed internet, voice, business services advertising and ‘other’ segments increased 6.3 percent y-o-y in Q2-16. The growth in revenue was driven by increase in high speed internet, business services and video revenues.

    Cable Communications reported revenue of $12,444 million in the current quarter, while it was $11,740 million in Q2-15. Video revenue is the major contributor to Comcast’s Cable Communications segment, followed by high speed internet.

    Operating Cash Flow (OCF) from Comcast Cable Communications increased 5.7 percent y-o-y in the current quarter to $5,048 million from $4,777 million.

    Cable Communications business services stream had the highest y-o-y growth in Q2-16 among all the other streams at 16.9 percent (grew to $1,360 million from $1,163 million).  High speed internet revenue grew 8.6 percent y-o-y in Q2-16 to $3,369 million from $3,101 million.

    Overall, Comcast consolidated revenue also increased 2.8 percent year-over-year (y-o-y) to $19,269 million in the current quarter as compared to $18,743 million. Consolidated operating income declined 1 percent y-o-y in Q2-16 to $4,066 million from $4,105 million. Net income attributable to Comcast declined 5.1 percent y-o-y in Q2-16 to $ 2,038 million from $2,137 million.

    Cable Communications segment subscription numbers

    Overall, Comcast Cable Communications reported a q-o-q (quarter-over quarter) addition of 115,00 customer relationships to 28.085 million in Q2-16. During the corresponding year ago quarter, customer relationships were 26.265 million with net additions of 31,000.

    Comcast Cable Communications closed the current quarter with 22.396 million, a decline of 4,000 video customers from the immediate trailing quarter. High Speed Internet customers increased by 220,000 to 23.987 million, while Voice customers increased by 64,000 to 11.641 million in the current quarter vis-a-vis the immediate trailing quarter.

    In Q2-16, single play customers increased by 6,000 to 8.416 million, double play customers increased by 53,000 to 9.399 million, triple play customers increased by 56,000 to 10.269 million as compared to the immediate trailing quarter.    

    NBCUniversal (NBCU)

    NBCUniversal (NBCU) revenue declined 1.8 percent in Q2-16 to $7,103 million from $7,230 million in Q2-15. The slide was attributable to a 40.4 percent decline in NBCU’s Filmed Entertainment segment revenue in the current quarter to $1,351 million from $2,266 million in the corresponding year ago quarter.

    NBCU’s other segments – revenue from Cable Networks, Broadcast Television and Theme Parks –grew 4.7 percent, 17.3 percent and 47 percent, respectively.

    Cable Networks revenue in Q2-16 grew to $2,566 million from $2,450 million; Broadcast Television revenue increased to $2,128 million from $1,813 million; Theme Parks revenue increased to $1,136 million from $773 million.

    The segment saw almost flat y-o-y operating cash flow or OCF (declined 0.2 percent) in Q2-16 at $1,689 million as compared to $1,692 million.

    OCF from Filmed Entertainment segment declined to almost one eighth (declined by 86.7 percent) in Q2-16 to $56 million from $422 million.   OCF from Cable Networks in Q2-16 increased 8.3 percent y-o-y to $944 million from$872 million in Q2-15. OCF from Broadcast Television increased 70.5 percent y-o-y to $394 million from $231 million and OCF from Theme Parks increased 40.5 percent to $469 million from$334 million.

    Company Speak
    Comcast chairman and CEO Brian L. Roberts in a statement said, “I am pleased to report excellent results as our momentum continues across our businesses. Our Cable subscriber and financial performance during the quarter was outstanding. We more than tripled our customer relationship net additions, with our best second quarter Internet customer results in eight years and our best second quarter video customer results in over ten years, and we successfully balanced this with strong operating cash flow growth.

    “Despite an expected difficult comparison to last year’s record second quarter film slate, NBCUniversal achieved solid results, driven by strength in our TV businesses and Theme Parks, which benefitted from the successful opening of The Wizarding World of Harry Potter in Hollywood. I am excited about the opportunities ahead for our company as we work together to bring people incredible technology, and memorable experiences, and there is no better example than the Olympic Games. “

    Dwelling on the Olympics coverage, he said that the entire organization  was gearing up to deliver the most comprehensive and innovative Olympics coverage in history starting next week, which will showcase the incredible breadth of NBCUniversal together with Comcast Cable and the X1 platform

  • Q1-17: HVL revenue up 129%; to invest Rs 271 crore for carriage subsidiary stake

    Q1-17: HVL revenue up 129%; to invest Rs 271 crore for carriage subsidiary stake

    BENGALURU/MUMBAI: Hinduja Ventures Limited (HVL) reported more than doubling (up 129 percent) of its revenue for the quarter ended June 30, 2016 (Q1-17, current quarter) vis-à-vis revenue for the corresponding year ago quarter.

    HVL revenue for Q1-17 was Rs 60.95 crore, while it was Rs 26.63 crore for the corresponding period previous year.
    However, quarter-over-quarter (q-o-q), revenue for the current quarter declined 35 percent from Rs 93.75 crore in Q4-16. The company attributes the increase in revenue to sale of setup boxes/ broking income/ income from trading of securities.

    The company reported a year-over-year (y-o-y) growth in profit of 1.3 percent for the current quarter at Rs 24.21 crore as compared to Rs 23.90 crore and a 70.8 percent q-o-q growth as compared to Rs 14.18 crore.

    HVL operates across three segments of media and communication, real estate, and investment and treasury. HVL is the holding company of integrated media companies IndusInd Media and Communications Limited (IMCL) and Grant Investrade Limited (GIL), which has launched the headend-in-the-sky (HITS) digital platform under brand name NXT DIGITAL.

    HVL’s media and communications segment

    Revenue from its media and communications segment declined q-o-q to less than a fourth (down 76.6 percent). HVL reported revenue of Rs 14.40 crore in Q1-17 and Rs 61.69 crore in Q4-16. The segment reported an operating loss of Rs 5.61 crore in the current quarter as compared to an operating loss of Rs 0.37 crore in Q1-16 and an operating profit of Rs 2.71 crore in Q4-16. For the year ended March 31, 2016 (FY-16), the segment reported an operating profit of Rs 10.09 crore.

    HVL to invest Rs 271 crore for stake in IMCL

    HVL proposes to purchase 43,03,000 equity shares of Rs 10 each for a premium of Rs 456 per share of its subsidiary IMCL.
    This stake purchase, which constitutes 5.82 percent of IMCL’s paid up equity capital, will cost HVL Rs 200.52 crore. HVL also proposes to buy 7,03,60,0000 IMCL preference shares of Rs 10 each at par from its wholly owned subsidiary shares of GIL. The IMCL stake purchase from GIL constitutes 26.02 percent of paid up preference capital of IMCL and will cost HVL Rs 70.36 crore.

    GIL to de-merge HITS to IMCL

    GIL will de-merge its HITS business undertaking to IMCL, the HVL board has decided. The scheme is subject to consent(s), approval(s) permission(s) of statutory authorities(s) if any, including, in particular, the approval from the Ministry of Information and Broadcasting (MIB), Government of India for transfer and vesting of HITS License held by GIL in favour of IMCL.

    HVL says that India is yet to witness a genuine and significant revolution in the digital delivery in true sense, especially in tier 3 and 4 cities and rural hinterland.

    The digitalization with many upcoming value added services of over 160 million (16 crore) TV homes is still far from over. It is envisaged that the combined strength of fibre based digital cable delivery and the satellite based digital signals for cable industry will enhance and create a new paradigm in the digital content delivery platform in terms of reach, value for money, state of the art technology, quality of services and significant value added digital services.

    The company also feels that this will further enhance shareholders value by consolidating the digital media distribution businesses and will help to rationalize the group structure by optimizing the resources and integrating operational synergies both in revenue and costs.

    The combined entity will also be able to venture and grow in the newer areas and many digital technology-linked value-added services that would be relevant for this business and same set of customers.
    According to HVL, its broadband business has also been restructured for a direct focus and is planned for a manifold technology-based growth.

    The synergy will be able to consolidate HVL’s media investments and would  enhance and maximize the shareholders value, avers the company.

    GIL’s (HITS business) merger into IMCL will be a unique first in the country in digital cable and has a long term positive financial implication by increasing competitive strength, technology synergies, customer service efficiency and high productivity with a genuine all-India reach. HVL says adding that similar models in developed countries have witnessed a prime leadership position in mid to long term.

    The company states that this arrangement will also strengthen HVL’s investment in media business, which will, in turn, unlock the value of HVL’s shareholders.

    Note: (1) The unit of currency in this report is 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.

    (2) The numbers in this report are standalone unless stated otherwise

    (3)  1 USD= INR 67

     

  • Q1-17: HVL revenue up 129%; to invest Rs 271 crore for carriage subsidiary stake

    Q1-17: HVL revenue up 129%; to invest Rs 271 crore for carriage subsidiary stake

    BENGALURU/MUMBAI: Hinduja Ventures Limited (HVL) reported more than doubling (up 129 percent) of its revenue for the quarter ended June 30, 2016 (Q1-17, current quarter) vis-à-vis revenue for the corresponding year ago quarter.

    HVL revenue for Q1-17 was Rs 60.95 crore, while it was Rs 26.63 crore for the corresponding period previous year.
    However, quarter-over-quarter (q-o-q), revenue for the current quarter declined 35 percent from Rs 93.75 crore in Q4-16. The company attributes the increase in revenue to sale of setup boxes/ broking income/ income from trading of securities.

    The company reported a year-over-year (y-o-y) growth in profit of 1.3 percent for the current quarter at Rs 24.21 crore as compared to Rs 23.90 crore and a 70.8 percent q-o-q growth as compared to Rs 14.18 crore.

    HVL operates across three segments of media and communication, real estate, and investment and treasury. HVL is the holding company of integrated media companies IndusInd Media and Communications Limited (IMCL) and Grant Investrade Limited (GIL), which has launched the headend-in-the-sky (HITS) digital platform under brand name NXT DIGITAL.

    HVL’s media and communications segment

    Revenue from its media and communications segment declined q-o-q to less than a fourth (down 76.6 percent). HVL reported revenue of Rs 14.40 crore in Q1-17 and Rs 61.69 crore in Q4-16. The segment reported an operating loss of Rs 5.61 crore in the current quarter as compared to an operating loss of Rs 0.37 crore in Q1-16 and an operating profit of Rs 2.71 crore in Q4-16. For the year ended March 31, 2016 (FY-16), the segment reported an operating profit of Rs 10.09 crore.

    HVL to invest Rs 271 crore for stake in IMCL

    HVL proposes to purchase 43,03,000 equity shares of Rs 10 each for a premium of Rs 456 per share of its subsidiary IMCL.
    This stake purchase, which constitutes 5.82 percent of IMCL’s paid up equity capital, will cost HVL Rs 200.52 crore. HVL also proposes to buy 7,03,60,0000 IMCL preference shares of Rs 10 each at par from its wholly owned subsidiary shares of GIL. The IMCL stake purchase from GIL constitutes 26.02 percent of paid up preference capital of IMCL and will cost HVL Rs 70.36 crore.

    GIL to de-merge HITS to IMCL

    GIL will de-merge its HITS business undertaking to IMCL, the HVL board has decided. The scheme is subject to consent(s), approval(s) permission(s) of statutory authorities(s) if any, including, in particular, the approval from the Ministry of Information and Broadcasting (MIB), Government of India for transfer and vesting of HITS License held by GIL in favour of IMCL.

    HVL says that India is yet to witness a genuine and significant revolution in the digital delivery in true sense, especially in tier 3 and 4 cities and rural hinterland.

    The digitalization with many upcoming value added services of over 160 million (16 crore) TV homes is still far from over. It is envisaged that the combined strength of fibre based digital cable delivery and the satellite based digital signals for cable industry will enhance and create a new paradigm in the digital content delivery platform in terms of reach, value for money, state of the art technology, quality of services and significant value added digital services.

    The company also feels that this will further enhance shareholders value by consolidating the digital media distribution businesses and will help to rationalize the group structure by optimizing the resources and integrating operational synergies both in revenue and costs.

    The combined entity will also be able to venture and grow in the newer areas and many digital technology-linked value-added services that would be relevant for this business and same set of customers.
    According to HVL, its broadband business has also been restructured for a direct focus and is planned for a manifold technology-based growth.

    The synergy will be able to consolidate HVL’s media investments and would  enhance and maximize the shareholders value, avers the company.

    GIL’s (HITS business) merger into IMCL will be a unique first in the country in digital cable and has a long term positive financial implication by increasing competitive strength, technology synergies, customer service efficiency and high productivity with a genuine all-India reach. HVL says adding that similar models in developed countries have witnessed a prime leadership position in mid to long term.

    The company states that this arrangement will also strengthen HVL’s investment in media business, which will, in turn, unlock the value of HVL’s shareholders.

    Note: (1) The unit of currency in this report is 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.

    (2) The numbers in this report are standalone unless stated otherwise

    (3)  1 USD= INR 67

     

  • Cable TV fraternity celebrates SN Sharma’s rejoining DEN

    Cable TV fraternity celebrates SN Sharma’s rejoining DEN

    DELHI: “The Tiger returns to his DEN” was the cry that went on through the night. It was a gathering of the cable TV fraternity to congratulate and celebrate SN Sharma’s return to the national MSO DEN Networks founded by Sameer Manchanda.

    Among those who attended the party at the Hotel Crowne Plaza in Okhla were about 150 representatives from DEN’s joint ventures in the north, small broadcasters, cable TV operators, industry pioneers, among others. A few of those who made it to the party included: Dr Anil Rastogi, Ravi Singh, Ravi Bali, Romi Shiv, Sanjeev Kapoor, Bhanu, Virender Gaur, among many others.

    The party went on late into the night . The food was lip smacking and everyone had a gala time.

  • Cable TV fraternity celebrates SN Sharma’s rejoining DEN

    Cable TV fraternity celebrates SN Sharma’s rejoining DEN

    DELHI: “The Tiger returns to his DEN” was the cry that went on through the night. It was a gathering of the cable TV fraternity to congratulate and celebrate SN Sharma’s return to the national MSO DEN Networks founded by Sameer Manchanda.

    Among those who attended the party at the Hotel Crowne Plaza in Okhla were about 150 representatives from DEN’s joint ventures in the north, small broadcasters, cable TV operators, industry pioneers, among others. A few of those who made it to the party included: Dr Anil Rastogi, Ravi Singh, Ravi Bali, Romi Shiv, Sanjeev Kapoor, Bhanu, Virender Gaur, among many others.

    The party went on late into the night . The food was lip smacking and everyone had a gala time.

  • Chrome Data rolls out massive rural habits report, cable TV included

    Chrome Data rolls out massive rural habits report, cable TV included

    MUMBAI: The Pankaj Krishna-led Chrome Data Analytics & Media today announced the completion of their proprietary Rural Establishment Survey (RES), an unprecedented study covering consumer behaviour and habits in over 200,000 Indian villages, representing over 300 million Indians.

    The survey, which was done over a period of 15 months, involved the entire Chrome Data infrastructure of over 650 field executive, 450 telecalling staff and the 150 strong analytics team, together speaking over 22 languages to map the length and breadth of the country. According to Chrome Data, one in a 100 households covering the sample area were reached.

    Respondents were made to fill out a detailed questionnaire which included consumer habits, family income and lifestyle patterns among other things.

    All the products in the naional consumer classification survey (NCCS), cable penetration, electricity, power cut data, political preferences, subscriber attached to each platform by village, are some of the data points which have been captured by the rural establishment report.

    The survey holds direct actionables for brands and agencies to help target growth regions

    Broadcasters, for example can know the exact subscriber base of cable networks in the villages covered. Along with this, it also gives the number of active subscribers of each cable network. The company believes RES will add immense value to business strategies for broadcasters, agencies and advertisers.

    Speaking on the product, Chrome Data CEO Pankaj Krishna: “It has been a humbling experience to be a part of a study of such a massive scale, and I’m proud of the team for the amount of efforts they’ve put in over the past 15 months. Even we weren’t prepared for some of the findings – for broadcasters for example, there are pockets of rural areas that have seen Freedish penetration spiral up to almost a hundred percent.”

    Chrome RES, he added, will be key for any business planning to capitalize on data driven strategies to exploit the 74% rural population.

    Pricing for the rural establishment report varies between Rs 35 lakh to Rs 1.8 crore depending on the number genres and channels that are subscribing to to it.

  • Chrome Data rolls out massive rural habits report, cable TV included

    Chrome Data rolls out massive rural habits report, cable TV included

    MUMBAI: The Pankaj Krishna-led Chrome Data Analytics & Media today announced the completion of their proprietary Rural Establishment Survey (RES), an unprecedented study covering consumer behaviour and habits in over 200,000 Indian villages, representing over 300 million Indians.

    The survey, which was done over a period of 15 months, involved the entire Chrome Data infrastructure of over 650 field executive, 450 telecalling staff and the 150 strong analytics team, together speaking over 22 languages to map the length and breadth of the country. According to Chrome Data, one in a 100 households covering the sample area were reached.

    Respondents were made to fill out a detailed questionnaire which included consumer habits, family income and lifestyle patterns among other things.

    All the products in the naional consumer classification survey (NCCS), cable penetration, electricity, power cut data, political preferences, subscriber attached to each platform by village, are some of the data points which have been captured by the rural establishment report.

    The survey holds direct actionables for brands and agencies to help target growth regions

    Broadcasters, for example can know the exact subscriber base of cable networks in the villages covered. Along with this, it also gives the number of active subscribers of each cable network. The company believes RES will add immense value to business strategies for broadcasters, agencies and advertisers.

    Speaking on the product, Chrome Data CEO Pankaj Krishna: “It has been a humbling experience to be a part of a study of such a massive scale, and I’m proud of the team for the amount of efforts they’ve put in over the past 15 months. Even we weren’t prepared for some of the findings – for broadcasters for example, there are pockets of rural areas that have seen Freedish penetration spiral up to almost a hundred percent.”

    Chrome RES, he added, will be key for any business planning to capitalize on data driven strategies to exploit the 74% rural population.

    Pricing for the rural establishment report varies between Rs 35 lakh to Rs 1.8 crore depending on the number genres and channels that are subscribing to to it.