ITV

Category: Financials

  • Zee gets Glass Lewis nod for Rs2,237 crore promoter warrant issue

    Zee gets Glass Lewis nod for Rs2,237 crore promoter warrant issue

    MUMBAI: Global proxy advisory firm Glass Lewis has thrown its weight behind Zee Entertainment’s plan to issue up to 169.5 million convertible warrants to its promoter group, giving the broadcaster a crucial endorsement ahead of its 10 July EGM. The deal, priced at Rs132 per warrant, could fetch Zee a much-needed Rs2,237 crore war chest.

    The preferential allotment—to Sunbright Mauritius Investments and Altilis Technologies, both part of Zee’s promoter stable—will see a 25 per cent upfront payment, with the balance due within 18 months. The warrants convert into equity on a 1:1 basis and would dilute existing share capital by about 15 per cent, which Glass Lewis termed “reasonable.”

    The firm said the proposal clears Sebi’s rulebook on pricing and fairness and raised no governance red flags. Zee says the funds will back strategic expansion, bolster liquidity in an increasingly brutal media market, and fund acquisitions in high-growth niches.

    Despite lacklustre stock performance—down 28.4 per cent over the past year and 29.7 per cent over three—Zee has retained a solid ESG profile. Sustainalytics rates its ESG risk as low, while ESG Book places it in the 90th percentile for governance among broadcasters.

    But the proxy adviser flagged one weak link: cybersecurity. BitSight ranks Zee in the bottom five per cent of the entertainment sector. Although the firm has had no major data breaches in 18 months, its digital ramp-up puts it at risk, Glass Lewis warned.

    Public shareholders hold more than 95 per cent of Zee’s equity. Big names include Sprucegrove (5 per cent), LIC (4.63 per cent), and Norges Bank (3.95 per cent), with support from mutual funds and institutions likely to be decisive.

    The EGM will be held virtually, and the record date was 3 July. If passed, the resolution would help Zee reset its balance sheet and fire up its strategic ambitions in streaming and beyond.

  • Colgate-Palmolive (India) Q3 brushes off rivals with Rs 1,452 crore sales

    Colgate-Palmolive (India) Q3 brushes off rivals with Rs 1,452 crore sales

    MUMBAI: Colgate-Palmolive (India) Ltd has reported a steady yet somewhat subdued financial performance for the third quarter and nine months ending 31 December 2024. In a world where Pepsodent, Sensodyne, and a slew of herbal toothpaste brands are fighting tooth and nail (quite literally) for consumer preference, Colgate remains the unshaken champion of oral care.

    While macroeconomic headwinds and intensifying competition have made the landscape tougher than biting into a frozen chocolate bar, the company has managed to keep its shine by leveraging premiumisation and technology-driven consumer engagement strategies.

    Can Colgate continue to outshine its rivals, or will Sensodyne’s sensitivity play and Pepsodent’s cavity-fighting pitch take a bite out of its market share? For now, Colgate is brushing aside the competition and keeping its growth streak minty fresh.

    Headline figures

    In Q3 FY25, net sales stood at Rs 1,45,221 lakh (Rs 1,452.21 crore), reflecting a 4.7 per cent year-on-year growth. Not the kind of jaw-dropping leap that makes investors do a double take, but hey, steady growth is better than a cavity-inducing decline! The domestic business, a key driver of performance, saw a 3.2 per cent growth in Q3 and an 8.8 per cent increase over the nine-month period—a testament to India’s undying love for minty-fresh breath and cavity-free smiles.

    For the nine-month period, net sales reached Rs 4,54,718 lakh (Rs 4,547.18 crore), an increase of 9.2 per cent compared to Rs 4,16,352 lakh (Rs 4,163.52 crore) during the same period last year. That’s a growth curve any dentist would approve of! It also suggests Colgate still holds its ground in an ever-growing battlefield of oral care brands trying to take a bite out of its market share.

    Gross margin and EBITDA margin improved sequentially compared to the last quarter, though they remain under pressure when measured against last year’s higher base. Net profit after tax (PAT) for Q3 FY25 stood at Rs 32,278 lakh (Rs 322.78 crore), a slight decline from Rs 33,011 lakh (Rs 330.11 crore) reported in Q3 FY24. Perhaps inflation took a bite out of those numbers?

    However, the nine-month period gave Colgate something to grin about, with PAT increasing 14.6 per cent YoY to Rs 1,08,181 lakh (Rs 1,081.81 crore), up from Rs 94,384 lakh (Rs 943.84 crore) in the previous fiscal period. Looks like strategic premiumisation and efficiency initiatives are keeping things sparkling.

    Profit before tax (PBT) for Q3 stood at Rs 39,505 lakh (Rs 395.05 crore), showing that operational efficiencies are still paying off. Meanwhile, basic and diluted earnings per share (EPS) stood at Rs 11.87 for Q3 and Rs 39.77 for the nine-month period—numbers solid enough to keep shareholders smiling all the way to the bank!

    Colgate-Palmolive’s MD & CEO Prabha Narasimhan acknowledged that the quarter was marked by soft urban demand and heightened competition. Despite these challenges, the company exhibited resilience, with mid-single-digit volume growth in its core toothpaste category and competitive gains in the toothbrush segment.

    “While the near-term macro environment remains challenging, we are committed to driving growth through a strategy that works,” remarked Narasimhan, reiterating Colgate’s focus on premiumisation, digital engagement, and category expansion.

    A highlight of the quarter was the launch of India’s largest oral health movement, a digital-first, AI-driven initiative that offers personalised AI-generated dental screening reports and free dental check-ups in partnership with the Indian Dental Association (IDA). Available in nine regional languages, this initiative aims to enhance oral health awareness at scale.

    Furthermore, Colgate expanded its product portfolio with the “MaxFresh Sensorial” range, building on the success of the “Visible White Purple” series.

    But let’s be honest—can even the best toothpaste keep everyone grinning when inflation is chomping away at disposable incomes? While the recent numbers show resilience, the question remains: can Colgate continue to take a big bite out of market share, or will rival brands leave it with a mere nibble?

    For now, Colgate is holding its ground, refusing to be rinsed away by competition. With strong brand equity, a tech-savvy approach, and a strategy sharper than the bristles on a new toothbrush, Colgate is setting itself up to flash an even brighter smile in the quarters to come. Stick around—the next quarter’s numbers will tell the real story!

     

  • Tips Music Limited records Rs 6,482.69 lakh revenue in Q3 FY25

    Tips Music Limited records Rs 6,482.69 lakh revenue in Q3 FY25

    MUMBAI: Tips Music Limited, one of India’s leading entertainment companies, has struck a harmonious chord with its Q3 FY25 results. Founded by the entrepreneurial Kumar Taurani, the company grew from humble beginnings to an entertainment powerhouse with an estimated valuation of Rs 2,500 crore. Known for its vast library of over 25,000 songs and its knack for identifying talent, Tips Music has become synonymous with Indian cinema hits and evergreen melodies.

    As competition heats up, Tips Music faces stiff challenges from heavyweights like T-Series and Saregama, which dominate the Indian music industry with their extensive catalogues of film, devotional, and indie music. But Tips isn’t just playing second fiddle—it’s expanding aggressively into the digital space, forging partnerships with streaming giants and exploring new verticals like live events and licensing. The acquisition of regional music rights and a foray into independent artist promotions show that Tips is striking all the right notes.

    But as with any chart-topper, the journey comes with its share of high notes and challenges. Will Tips Music hit a crescendo, or will it need to retune to keep up with the industry tempo?

    In Q3 FY25, Tips Music achieved total income of Rs 6,825.79 lakh, up from Rs 6,466.33 lakh in the previous quarter. Other income contributed Rs 344.70 lakh, adding depth to the financial performance. Expenses, however, surged to Rs 5,911.24 lakh, with content costs hitting Rs 2,271.01 lakh and employee benefits reaching Rs 344.70 lakh.

    Despite these expenses, the company played a strong financial tune. The Profit Before Tax (PBT) stood at Rs 914.55 lakh, showcasing operational efficiency amidst rising costs. The Profit After Tax (PAT) for the quarter stood at Rs 422.65 lakh, reflecting solid profitability in a competitive entertainment industry. Notably, the EBITDA for the quarter came in at Rs 1,455.15 lakh, demonstrating the company’s ability to manage operations effectively.

    When it comes to shareholder rewards, Tips Music hit all the right notes with its consistent dividend strategy. The company declared a third interim dividend for the financial year 2024-2025 at Rs. 3/- per equity share (a staggering 300% on the fully paid-up shares of Re. 1/- each). Now, isn’t that the kind of tune investors love to groove to?

    For the nine months ended 31 December 2024, Tips Music posted total revenues of Rs 23,219.78 lakh, a significant rise from the previous year’s Rs 17,832.57 lakh. PAT for this period reached Rs 1,359.02 lakh, reinforcing the company’s ability to balance growth and profitability. With EBITDA for the nine months clocking in at Rs 4,107.34 lakh, the company has shown resilience and operational finesse despite a challenging landscape.

    The company’s continued focus on content creation and digital distribution has paid off, with streaming platforms driving revenue growth. The entertainment industry, buoyed by growing digital consumption, provides a ripe environment for the company to expand its presence.

    As the entertainment landscape evolves, competition intensifies. Will Tips Music continue to hit the high notes, or will the cacophony of new entrants drown out its melody? Can their vast library of over 25,000 songs keep listeners grooving, or will shifting consumer preferences force them to remix their strategy?

    But let’s face it—staying on top of the charts takes more than just one hit single. It requires a finely tuned orchestra of innovation, agility, and maybe even a few encores.

     

  • Paytm Q3 shows revenue at Rs 18,278 million, but net loss looms

    Paytm Q3 shows revenue at Rs 18,278 million, but net loss looms

    MUMBAI: Digital payments powerhouse, Paytm, has rolled out its Q3 FY25 financial report, revealing both triumphs and trials. But before we get into the nitty-gritty, let’s rewind a bit.

    Founded by Vijay Shekhar Sharma, a man whose billion-dollar smile once symbolised the fintech boom, Paytm’s journey has been nothing short of a Nolan blockbuster—full of twists, drama, and cliffhangers.

    Valued at a staggering $16 billion during its 2021 IPO, Paytm was riding high on the wave of digital transformation. Fast forward to today, and that valuation has taken a reality check. Then there’s the infamous Paytm Payments Bank fiasco—a debacle where the Reserve Bank of India (RBI) froze new customer onboarding in 2022, leaving users stranded like passengers at a cancelled train station. Trust took a nosedive, and so did Paytm’s goodwill.

    Add to this the rising competition in a thriving fintech ecosystem, and you’ve got yourself a classic ‘hero vs. villains’ plot. But here’s the big question: can Paytm channel its inner phoenix and rise from these ashes, or are these missteps just the beginning of a longer slide? Let’s dive into the numbers—and the drama—to decode where Paytm truly stands today.

    Consolidated Results

    Paytm’s consolidated revenue from operations for Q3 FY25 stood at Rs 18,278 million, which, while a 10 per cent rise from the previous quarter, still missed the dazzling Rs 21,379 million achieved in the same period last year. Add Rs 1,887 million in other income, and the total income stood at Rs 20,165 million—a decent climb, but far from scaling Everest.

    Payment processing charges surged to Rs 9,910 million over nine months—a stark reminder that in the fintech world, expansion doesn’t come cheap. Meanwhile, employee benefit expenses slimmed down to Rs 21,186 million from last year’s Rs 30,640 million, showing that cost-cutting is very much in fashion at Paytm HQ. Despite this, profitability remains more elusive than your favourite radio station’s caller contest jackpot.

    Now, let’s talk about profits… or their absence. Paytm posted a net loss of Rs 2,035 million for Q3, contributing to a cumulative nine-month consolidated loss of Rs 14,486 million. While the EBITDA margin did show some improvement, suggesting baby steps towards sustainability, one can’t help but ask: Is Paytm attempting to juggle too many flaming fintech ambitions at once? Will it ever strike the perfect balance, or is this the fintech equivalent of chasing unicorns?

    Standalone Results

    In standalone terms, Paytm reported Rs 14,916 million in revenue from operations for Q3, marking a steep drop from Rs 21,379 million a year ago. Total income for the quarter stood at Rs 16,603 million, supported by Rs 1,687 million in other income—a much-needed silver lining in an otherwise cloudy quarter.

    On the cost front, payment processing charges reached a hefty Rs 9,910 million over nine months. Meanwhile, marketing and promotional expenses in Q3 hit Rs 1,383 million. These figures tell us one thing loud and clear: Paytm is playing hard to stay visible in a crowded market. But here’s the catch: at what cost? The standalone net loss for Q3 stood at Rs 2,053 million, bringing the nine-month tally to Rs 2,085 million. Ouch!

    The EBITDA, meant to showcase operational efficiency, seemed to be waving a white flag, coming in at Rs (14,666 million) for the nine months. However, the loss per share for the same period narrowed to Rs 3.28 from a jaw-dropping Rs 14.35 last year. Could this be a sign of recovery, or just a smaller storm brewing? Either way, Paytm’s ambitious growth strategy will need more than just cost-cutting to turn this ship around.

    Despite financial headwinds, Paytm’s focus on strengthening its core offerings is clear.

    Key operational highlights include:

    .  International expansion: Subsidiary Paytm Cloud Technologies plans to establish entities in the UAE, Saudi Arabia, and Singapore. Is Paytm gearing up to become the global leader in digital payments?

    .  GIFT City initiatives: A move to incorporate subsidiaries in Gujarat signals a deeper commitment to domestic fintech innovation.

    .  Default Loss Guarantee: The DLG limit for merchant lending has been raised from Rs 225 crore to Rs 350 crore, enhancing support for SME growth.

    Yet, regulatory uncertainties loom. The Reserve Bank of India’s restrictions on Paytm Payments Bank remain unresolved, and the company’s investments in its associate have been impaired by Rs 2,096 million.

    Paytm’s financials reflect a company in transition, balancing the costs of aggressive growth with the harsh realities of an unforgiving market. It’s the classic tale of ambition meeting its archnemesis: practicality. As the digital payments sector surges ahead, Paytm is busy laying tracks to new horizons—geographies, services, and market opportunities. But is this the innovation express, or a high-speed derailment waiting to happen?

    Let’s not forget the backdrop: a thriving fintech economy, where competitors are sprinting ahead while Paytm retools its strategy. Investments in new geographies, like its UAE and Singapore expansions, could be the ticket to redemption. Or will these plans go the way of the once-famous “Paytm ka ATM” campaign—promising, but ultimately short-lived?

    Here’s the kicker: Will these grand strategic pivots deliver the profitability Paytm desperately needs, or will the costs of expansion continue to weigh like a proverbial albatross? For now, stakeholders can do little but watch this financial drama unfold.

    Key Financial Highlights

    . Consolidated Revenue: Rs 18,278 million for Q3; Rs 49,889 million for nine months.

    .  Standalone Revenue: Rs 14,916 million for Q3; Rs 39,055 million for nine months.

    .  Net Loss: Rs 2,035 million for Q3 consolidated; Rs 14,486 million for nine months consolidated.

    .  EBITDA Margin: Improved due to cost controls.

    .  DLG Expansion: Raised to Rs 350 crore for merchant lending.

     

  • Decoding Next Mediaworks Q3 and nine month results

    Decoding Next Mediaworks Q3 and nine month results

    MUMBAI: Next Mediaworks Limited is a holding company with a colourful portfolio in multimedia—think of it as the Swiss Army knife of the entertainment world. Helmed by HT Media and with deep roots in Indian broadcasting, the company has evolved into a jack-of-all-trades, dabbling in everything from FM radio to online news.

    Let’s start with its bread and butter: FM radio broadcasting. Through its Radio One FM stations, Next Mediaworks has become a household name in seven cities, including the media powerhouses of Mumbai, Delhi, and Chennai. Feeling nostalgic for some old-school TV magic? The company also markets television programmes, films, and software—the behind-the-scenes wizardry that keeps your screens alive.

    And it doesn’t stop there. Acting as an advertising agent, providing online music and news, and even diving into internet commerce, Next Mediaworks spreads its wings wide. But how does one juggle all these pies while staying profitable? That’s the million-dollar question as we dig deeper into its financials.

    When you’re in the business of radio, every quarter brings a new tune. For Next Mediaworks Limited, this time, the notes were both harmonious and dissonant. The financial results for the quarter and nine months ending 31 December 2024, paint a picture of a company striving to balance its operational challenges with strategic resilience.

    Standalone Results

    The standalone results for Next Mediaworks in Q3 present a smaller slice of the financial pie—or should we say crumbs? Total income for the quarter was Rs 43 lakh, bolstered entirely by other income, as revenue from operations took a vacation. For the nine months, the total income barely inched up to Rs 44 lakh. The real story, however, is the expenses—and it’s a thriller.

    Employee benefit expenses for the nine months amounted to Rs 24 lakh—impressive if you’re running a lemonade stand, but less so for a media company. Meanwhile, finance costs gobbled up Rs 323 lakh, a jump from Rs 271 lakh last year, making one wonder: Are they financing or fine dining? Other expenses, at Rs 56 lakh, added more salt to the wound. This cocktail of costs stirred up a quarterly standalone loss of Rs 97 lakh and a nine-month loss of Rs 359 lakh.

    EBITDA, the trusty metric of financial health, barely registered a pulse, with Rs 15 lakh in Q3 and a cumulative Rs (36 lakh) for the nine months. Exceptional items stayed out of the picture, leaving the losses to hog the spotlight. The loss per share for Q3 was Rs 0.15, and for the nine months, Rs 0.54.

    Can this standalone operation hit the reset button and find its groove, or is it destined to stay on mute?

    Consolidated Results

    The consolidated revenue for Q3 stood at Rs 1,124 lakh, reflecting a decline from the Rs 1,172 lakh posted in the same quarter last year. However, the nine-month revenue was nearly flat at Rs 3,090 lakh, compared to Rs 3,077 lakh in 2023. Despite these figures, the company faces mounting challenges, as total expenses for the nine-month period surged to Rs 5,233 lakh, up from Rs 5,065 lakh.

    Now, let’s spice things up with the consolidated results—the section where the numbers get all the attention. EBITDA, the shining knight in an otherwise troubled kingdom, stood at Rs 143 lakh for Q3 and Rs 680.76 lakh for the nine months. However, profitability has been elusive, with the company posting a consolidated loss of Rs 632 lakh in Q3 and a whopping Rs 2,143 lakh over the nine months. Talk about a steep hill to climb!

    Let’s not sugarcoat it: the losses weren’t small. Employee expenses totalled Rs 597 lakh for the nine months, and radio license fees alone devoured Rs 1,048 lakh. Meanwhile, finance costs ballooned to Rs 1,739 lakh, up from Rs 1,539 lakh in 2023.

    As Next Mediaworks faces these towering costs, one has to ask: can they trim the fat without losing muscle?

    In a world where Spotify dominates playlists and podcasts grab ears globally, where does traditional radio fit? The consolidated losses may seem like a dirge, but Next Mediaworks is no stranger to finding harmony in chaos. Can it pull off a comeback and compose a more profitable tune?

    Next Mediaworks, through its flagship subsidiary Next Radio, is a prominent player in the radio broadcasting space. Yet, operating in an era dominated by streaming platforms has amplified the pressure to innovate. Radio license fees for Q3 were Rs 351 lakh, while employee benefits expenses climbed to Rs 597 lakh for the nine months, compared to Rs 634 lakh the previous year. Finance costs were another thorn, growing to Rs 1,739 lakh for the nine months, compared to Rs 1,539 lakh in 2023.

    Despite these hurdles, the company maintains a “going concern” assumption, bolstered by support from its holding company, HT Media. How long will this financial backing shield the group from market headwinds?

    While the overall narrative appears grim, there are glimmers of hope. The company has avoided external borrowings and maintains a favourable current assets-to-liabilities ratio. Its strategic focus on maintaining operational liquidity could provide the breathing room needed to recalibrate its business model.

    Moreover, the appointment of Sameer Singh as a non-executive non-independent director introduces a seasoned hand with global experience. His prior leadership roles at GroupM, Google, and ByteDance could inject a fresh perspective into the company’s strategic planning.

    The radio industry may no longer be the dominant force in entertainment, but its relevance endures. The challenge for Next Mediaworks is to harmonise traditional broadcasting with the demands of a tech-savvy audience. Will the company invest in digital transformation, or will it double down on its current model?

    As the financial results highlight, the road ahead is far from smooth. Yet, with strategic backing and seasoned leadership, Next Mediaworks has the potential to rewrite its tune. Investors and stakeholders will be keen to see whether the company’s next quarter hums a more uplifting melody.

    Key financial highlights

    . Consolidated Revenue: Rs 1,124 lakh for Q3; Rs 3,090 lakh for nine months.

    . EBITDA: Rs 143 lakh for Q3; Rs 680.76 lakh for nine months.

    . Consolidated Loss: Rs 632 lakh for Q3; Rs 2,143 lakh for nine months.

    . Standalone Loss: Rs 97 lakh for Q3; Rs 359 lakh for nine months.

    .  Finance Costs: Rs 1,739 lakh for nine months, up from Rs 1,539 lakh in 2023.

  • Nettlinx Q3 results shine PAT of Rs 13.87 lakh despite sector challenges

    Nettlinx Q3 results shine PAT of Rs 13.87 lakh despite sector challenges

    MUMBAI: In the wild, ever-changing jungle of technology and network solutions, Nettlinx Limited has swung in with its financial results for the quarter and nine months ended 31 December 2024.

    But before we dissect those numbers, let’s meet the lion leading the pride – Nettlinx’s visionary managing director Manohar Loka Reddy, the kind of leader who turns challenges into stepping stones—and let’s not forget, he’s worth a pretty penny himself! With Nettlinx’s market cap roaring at Rs 172.62 crore, this Telangana-based powerhouse is proving it’s not just surviving the tech-sector jungle but thriving.

    Founded in 1994, the company started as a regional player, quietly building its empire. Fast-forward to today, and Nettlinx has muscled its way into the big leagues of tech stalwarts.

    So, what’s the secret sauce behind their rise? Is it Reddy’s razor-sharp vision, the team’s unyielding dedication, or maybe a pinch of both? Let’s not forget—every stronghold needs its moat, and Nettlinx seems to have found just that.

    Despite the stormy weather of economic headwinds, Nettlinx’s ship has stayed the course, delivering solid standalone and consolidated performances. With such a rich history and an inspiring trajectory, the company’s tale of growth and grit continues to keep investors intrigued and stakeholders on the edge of their seats. The big question, though, remains: Can Nettlinx keep the magic alive in the quarters to come?

    Standalone Results

    The quarter witnessed Nettlinx achieving standalone revenue from operations of Rs 777.45 lakh, a 6.1 per cent increase over the preceding quarter’s Rs 733.40 lakh. With additional contributions from other income, totalling Rs 4.49 lakh, the company’s standalone income reached an impressive Rs 781.94 lakh. EBITDA for the quarter came in at Rs 109.66 lakh, and PAT was Rs 13.87 lakh, reflecting a promising recovery from the narrow profit margins seen in Q2. Clearly, Nettlinx isn’t just surviving; it’s thriving. Who knew numbers could look this good?

    For the nine-month period, standalone revenues soared to Rs 2,417.56 lakh, marking a 12 per cent increase compared to the Rs 2,162.13 lakh reported in the same period last year. EBITDA for these nine months stood at Rs 314.18 lakh, and PAT registered a steady Rs 54.05 lakh.

    The performance suggests that Nettlinx has found its rhythm, balancing growth with operational efficiency. Still, can they iron out inefficiencies lurking beneath?

    Consolidated Results

    In Q3 FY25, consolidated results brought a show-stopping total income of Rs 1,592.59 lakh, while EBITDA flexed its muscles at Rs 467.42 lakh. PAT for the quarter stood at Rs 173.58 lakh, a testament to the company’s ability to maintain profitability in a challenging market environment. Nettlinx’s financial workout routine seems to be paying off. Can it keep up this streak without pulling a muscle?

    Over the nine months ending December 2024, consolidated revenues surged to Rs 2,477.66 lakh, showing consistent growth across all fronts. EBITDA hit a robust Rs 680.76 lakh, and PAT reached Rs 242.54 lakh. With earnings per share (EPS) at Rs 2.78, shareholders have every reason to celebrate. However, administrative expenses—the financial equivalent of carrying extra weight—remain a concern.

    Will Nettlinx embrace the Marie Kondo method to declutter its cost structure?

    Nettlinx’s resilience begs the question: How does the company sustain its upward trajectory despite market volatility? Is its diversified subsidiary structure the safety net it appears to be, or are there untapped potential efficiencies yet to be unlocked?

    Exceptional items, including a Rs 2.92 lakh provision, highlight the company’s cautious risk management strategy. Yet administrative expenses surged to Rs 442.79 lakh, calling for a closer look at streamlining operations.

    Key financial highlights

    .  Standalone EBITDA: Improved by 15 per cent, reaching Rs 109.66 lakh.

    .  Depreciation: Increased to Rs 80.18 lakh, reflecting sustained infrastructure investments.

    .  Earnings per Share (EPS): Stabilised at Rs 1.79 per share (basic and diluted) in Q3.

    .  Consolidated Operating Margin: Marginally improved to 18 per cent, signalling steady subsidiary performance.

    .  Administrative Costs: Increased, warranting cost rationalisation.

    As Nettlinx moves forward, its commitment to innovation and expanding its digital ecosystem remains evident. The company’s efforts to enhance its network capabilities are likely to strengthen its market presence in the coming quarters.

    The financial results underscore a dual narrative. On one hand, Nettlinx is showcasing solid growth. On the other hand, it needs sharper focus on profitability and cost containment. Investors and stakeholders alike will be keenly watching how the company navigates the evolving landscape while turning revenue gains into sustainable net income.

     

  • Shemaroo’s Q3 revenue: Adapting to digital and facing legacy trials

    Shemaroo’s Q3 revenue: Adapting to digital and facing legacy trials

    MUMBAI: Shemaroo Entertainment Limited has rolled out its financial results for Q3 FY25 and the nine-month period ending 31 December 2024. Founded by the ever-visionary Raman Maroo in 1962 as a humble book library, Shemaroo has since performed an Indian cinema-style transformation into one of India’s foremost entertainment companies. With a current market valuation of approximately Rs 10,000 crore and a legacy spanning six decades, the company is proof that a great plot (and some brilliant foresight) can weather any twist. Maroo’s genius for spotting trends early—like assembling one of India’s largest content libraries—has cemented Shemaroo’s reputation as a box-office favourite in both traditional and digital media.

    Now, who says legacy brands can’t dance to a new tune?

    In today’s fiercely competitive market, where giants like Netflix, Amazon Prime Video, Sony and Zee vie for consumer attention, Shemaroo’s strategy is anything but passive. The company’s ability to repurpose its extensive Indian cinema and regional film library for streaming platforms, coupled with its focus on regional and niche content, is its secret sauce for staying relevant. Can a legacy brand like Shemaroo thrive in a world dominated by binge-worthy web series and blockbuster originals?

    Let’s dive deeper into the numbers and uncover the plot twists behind the balance sheet.

    Consolidated Performance

    For Q3 FY25, Shemaroo Entertainment reported consolidated revenue from operations at Rs 16,437.42 lakhs. Think of it as a steady performance—better than Rs 15,592.64 lakhs in the previous quarter but just a tad shy of Rs 16,206.08 lakhs in Q3 FY24. Adding Rs 296.45 lakhs in other income, the total income reached Rs 16,733.87 lakhs for the quarter. It’s not quite a standing ovation, but at least the audience has not walked out.

    Now, let’s talk about EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation)—the backstage crew of financial performance. For Q3 FY25, EBITDA stood at Rs 1,539.47 lakhs. Rising operational costs and tight advertising budgets played the villain here, but the show must go on! Meanwhile, Profit After Tax (PAT) took a dramatic dive, with a loss of Rs 3,652.75 lakhs, compared to a profit of Rs 1,228.94 lakhs in Q3 FY24. If this were a movie, we would call it a tragic second act.

    For the nine months ended 31 December 2024, consolidated revenue totalled Rs 48,082.93 lakhs. That’s down from Rs 50,834.08 lakhs in the previous year—not the kind of sequel numbers anyone hopes for. EBITDA came in at Rs 4,210.69 lakhs, while PAT posted a net loss of Rs 10,937.90 lakhs, compared to a loss of Rs 2,041.57 lakhs in FY24. It’s safe to say, the financial script could use a few rewrites.

    Despite these challenges, Shemaroo’s numbers reveal a company determined to stay in the game. With rising operational costs and shifting consumer preferences, the Q3 results underline the importance of resilience and adaptability in today’s cutthroat entertainment landscape. After all, every blockbuster needs a bit of suspense, doesn’t it?

    Standalone Results

    On a standalone basis, Shemaroo’s revenue from operations for Q3 FY25 was Rs 15,542.52 lakhs, edging up from Rs 15,226.01 lakhs in the previous quarter and Rs 14,773.76 lakhs in Q3 FY24. Total income, including Rs 253.41 lakhs from other sources, hit Rs 15,795.93 lakhs for the quarter. While it’s not quite a red-carpet moment, it’s certainly not a straight-to-DVD release either.

    EBITDA for Q3 FY25 clocked in at Rs 1,419.05 lakhs. Operational costs, which soared to Rs 14,792.44 lakhs, weren’t shy about stealing the spotlight. Meanwhile, PAT took a dramatic dive, delivering a loss of Rs 3,739.99 lakhs compared to Rs 2,732.39 lakhs in Q3 FY24. Let’s call this twist in the tale Shemaroo’s “Bollywood tragedy” phase.

    For the nine months ended 31 December 2024, standalone revenue reached Rs 45,506.20 lakhs, falling short of Rs 48,541.42 lakhs reported in the same period last year. Total income tallied up to Rs 46,058.52 lakhs, while EBITDA for the period stood at Rs 4,153.34 lakhs. PAT for the nine months delivered a loss of Rs 8,176.58 lakhs, more than doubling last year’s Rs 4,035.48 lakhs. These numbers suggest Shemaroo’s script might need some serious rewrites to avoid becoming a “box-office bomb.”

    Still, Shemaroo’s knack for juggling its legacy operations with a burgeoning digital portfolio shows promise. After all, every epic needs its moment of redemption—here’s hoping Shemaroo’s next act delivers the blockbuster twist we’ve all been waiting for!

    Shemaroo’s dual focus on traditional media and digital growth has been a defining aspect of its strategy. While revenue from legacy operations faces mounting challenges, the company’s investments in digital platforms are yielding promising results. Shemaroo’s partnerships with OTT players and its direct-to-consumer initiatives are driving audience engagement and revenue growth. The question remains: can Shemaroo go viral in the digital world while keeping its classic charm?

    The digital segment has shown significant traction, with increasing subscriber counts and higher engagement metrics. However, the competition in the OTT space is fierce, with new entrants vying for market share. Will Shemaroo’s robust content library and its reputation for delivering quality entertainment be enough to sustain long-term growth? Or will the digital world prove to be a tougher audience than expected?

    Shemaroo has long been a pioneer in India’s entertainment sector, leveraging its extensive content library to cater to diverse audience preferences. The company’s innovative marketing initiatives, such as regional-language content expansions and festival-centric campaigns, have strengthened its brand equity. However, the slight decline in revenue indicates that the path forward will require even greater innovation to compete in a market increasingly dominated by digital platforms.

    Can Shemaroo continue to build on its legacy while charting a new course in the digital age? The coming quarters will reveal whether this stalwart of Indian entertainment can transform challenges into opportunities and emerge stronger in a competitive landscape. For now, Shemaroo is writing its next chapter—and it promises to be an interesting read.

    After all, even legends need to adapt—no one wants to be a rerun.

  • D.B. Corp’s Q3 proves print is still making headlines-and profits!

    D.B. Corp’s Q3 proves print is still making headlines-and profits!

    MUMBAI: D.B. Corp Limited, the stalwart of India’s print media and the force behind Dainik Bhaskar, isn’t just surviving the digital revolution—it’s thriving. With roots planted firmly by the visionary Ramesh Chandra Agarwal, whose entrepreneurial spirit was as legendary as his iconic moustache, the company has grown into a Rs 6,000 crore behemoth. Agarwal didn’t just see the future of news—he printed it, bound it, and delivered it straight to your doorstep. Some might call it magic; others call it business acumen.

    Now, let’s address the elephant in the newsroom: how does a traditional print juggernaut continue to command respect (and revenue) in an era dominated by swipes and clicks? Are they charming us with nostalgia for the rustle of a fresh newspaper, or have they cracked the code to fuse tradition with innovation?

    The Q3 FY25 and nine-month financial results provide a peek behind the curtain at the inner workings of this inked empire. FYI, it’s not just about selling newspapers anymore. D.B. Corp is proving that legacy doesn’t mean lethargy—it’s a calculated dance of strategy, storytelling, and perhaps a dash of old-school charm.

    Stay tuned, because as these numbers unfold, you’ll see exactly how this print powerhouse is flipping the script in a digital world—and still managing to turn ink into gold.

    Consolidated Performance

    For Q3 FY25, D.B. Corp recorded a total revenue of Rs 6,556.41 million, a marginal decline from Rs 6,647.65 million in Q3 FY24. This dip, anticipated due to the absence of last year’s state-election advertising windfall, underscores the cyclical nature of advertising revenues. Advertising revenue itself clocked in at Rs 4,767 million, a slight dip from Rs 4,819 million in Q3 FY24. Circulation revenue held its ground, reporting Rs 1,195 million compared to Rs 1,200 million a year earlier.

    A bright spot in these results was the company’s EBITDA for Q3 FY25, which stood at Rs 1,902 million. With a robust EBITDA margin of 29 per cent, the results highlight the impact of stabilised newsprint prices and prudent cost management. However, it was a step down from Q3 FY24’s Rs 2,031 million, reflecting the competitive pressures in the media industry. Net profit for the quarter came in at Rs 1,182 million, slightly lower than Rs 1,240 million in Q3 FY24—a decline of 4.7 per cent, mitigated by effective operational strategies.

    For the nine-month period, revenue reached Rs 18,544.18 million, eking out a modest 1 per cent growth over Rs 18,403.11 million in FY24. Call it steady, but not exactly headline-grabbing. However, the real hero here is EBITDA, which rose by four per cent year-on-year to Rs 5,252 million—proof that efficiency is king. And let’s not forget the net profit, which climbed five per cent to Rs 3,186.49 million. It’s not a windfall, but hey, every bit counts. The print business also flexed its financial muscles, expanding EBITDA margins by 200 basis points to a solid 32 per cent. Talk about turning newsprint into gold!

    Standalone Performance

    On a standalone basis, revenue from operations for Q3 FY25 came in at Rs 6,417.46 million, a slight dip from Rs 6,430.74 million in Q3 FY24. The standalone EBITDA for the quarter stood at Rs 1,597.25 million, reflecting cost discipline in a challenging market. Net profit (PAT) was recorded at Rs 1,178.81 million, marginally lower than the Rs 1,228.94 million reported a year earlier. For the nine months ended December 31, 2024, standalone revenue totalled Rs 17,905.47 million, showing resilience against Rs 17,833.11 million during the same period last year. EBITDA for this period reached Rs 4,273.62 million, while PAT stood at Rs 3,182.50 million. These numbers highlight the delicate balance D.B. Corp strikes between tradition and transformation. After all, who says print media can’t play in the big leagues of a digital-first world?

    Breaking down the segments

    . Print and Publishing: The print segment, D.B. Corp’s mainstay, delivered revenue of Rs 5,942 million in Q3 FY25. While advertising revenues dipped slightly compared to the high base of last year’s election-driven surge, circulation revenue demonstrated resilience. The standout achievement here was the 14 per cent year-on-year reduction in newsprint costs to Rs 47,600 per metric tonne. This cost efficiency stems from strategic procurement measures and stabilised input prices. Could this herald a new era of leaner operations for the print giant?

    . Radio Business: The radio segment continues to amplify its presence, with advertising revenue rising 6 per cent year-on-year to Rs 492 million. EBITDA for the segment grew by 2 per cent to Rs 187 million, reflecting consistent performance in a competitive landscape. With the increasing shift to audio streaming platforms, how long can traditional radio sustain this growth trajectory?

    . Digital Business: The digital arm of Dainik Bhaskar was the undisputed star performer. Monthly unique visitors surged from 10.8 million in March 2024 to an impressive 15.7 million by October 2024, cementing its position as India’s leading Indian-language news app. The focus on high-quality, hyperlocal content and cutting-edge technology has clearly paid dividends. Could the digital pivot become the backbone of D.B. Corp’s future growth?

    D.B. Corp’s strategic thrust remains firmly on editorial excellence and digital innovation. Investigative exposés, such as the hard-hitting reports on corruption in the Indore-Bhopal metro project, have bolstered the company’s reputation for fearless journalism. Special editions like the Mahalakshmi Diwali Issue, packed with cultural relevance, continue to resonate deeply with readers.

    One of the quarter’s standout initiatives was the “Jeeto 14 Crore” reader-connect scheme. This ambitious programme saw significant engagement, reinforcing D.B. Corp’s bond with its audience. On the digital front, innovations like vertical video formats and interactive content are redefining how news is consumed, particularly in a mobile-first era.

    While softening newsprint prices have provided some breathing room, the broader economic environment remains challenging. The slight dip in advertising revenues highlights the vulnerability of media businesses to cyclical factors such as elections and seasonal ad spend. Can D.B. Corp diversify its revenue streams further to mitigate these fluctuations?

    As India’s media industry undergoes rapid transformation, D.B. Corp stands at a crossroads. However, questions remain: can bold editorial strategies continue to differentiate the brand in a crowded market? Will the digital pivot yield sustained profitability?

    The coming quarters will be pivotal in defining D.B. Corp’s future trajectory. For now, all eyes remain on this media stalwart as it crafts the next chapter in its corporate saga.

  • Den Networks struggles with profitability amid revenue declines in Q3 FY25

    Den Networks struggles with profitability amid revenue declines in Q3 FY25

    MUMBAI: Once a linchpin of India’s cable and broadband revolution, Den Networks now finds itself grappling with the seismic shifts of the digital era.

    As 5G continues its relentless march across urban India, the cable giant-helmed by CEO S.N. Sharma and co-founded by Sameer Manchandana-reported lukewarm financial results for Q3 FY25, highlighting the mounting pressures of an evolving market.

    While operational focus remains intact, Den’s revenue growth and profitability paint a picture of an industry at a crossroads, battling the twin challenges of rising competition and technological disruption.

    Will Den Networks hold its ground, or is this the beginning of the end for traditional cable dominance in India’s digital ecosystem?

    For Q3 FY25, Den Networks’ standalone revenue from operations decreased by 3.1 per cent year-on-year (YoY), dropping to Rs 2,582.96 million from Rs 2,666.69 million in Q3 FY24. The nine-month revenue also declined by 8.0 per cent to Rs 7,455.83 million compared to Rs 8,105.98 million during the same period last year. On a consolidated basis, the quarterly revenue from operations stood at Rs 2,607.04 million, marking a 4.5 per cent dip YoY.

    The decline in revenue is primarily attributed to lower cable distribution revenues and intensified competition in the broadband sector. The cable distribution network generated Rs 2,495.73 million in Q3 FY25, compared to Rs 2,648.03 million in Q3 FY24, reflecting a 5.7 per cent YoY drop. The broadband segment, however, posted a notable improvement, contributing Rs 111.31 million in Q3 FY25, up 36.8 per cent from Rs 81.34 million in the prior year.

    Den Networks reported a standalone profit after tax (PAT) of Rs 231.17 million for Q3 FY25, a significant 43.6 per cent decline from Rs 409.96 million in Q3 FY24. The consolidated PAT showed a similar downward trend, standing at Rs 419.29 million for Q3 FY25, down 12.4 per cent from Rs 478.58 million a year earlier.

    Increased operational expenses compounded profitability challenges. Content costs for the quarter rose to Rs 1,577.03 million, accounting for 61.1 per cent of revenue from operations, compared to 57.3 per cent in Q3 FY24. Depreciation and amortisation expenses remained elevated at Rs 179.95 million, reflecting sustained investments in infrastructure.

    For the nine months ended 31 December 2024, standalone PAT stood at Rs 934.07 million, a sharp decline of 30.3 per cent from Rs 1,340.25 million during the same period last year. Consolidated nine-month PAT came in at Rs 1,368.69 million, showing a marginal 0.8 per cent increase compared to Rs 1,357.43 million in the previous year.

    Den Networks faces an uphill task in reviving its growth trajectory. The cable business, contributing the bulk of revenues, continues to face pricing pressures and subscriber churn due to the growing shift towards over-the-top (OTT) platforms. Broadband, while exhibiting growth, remains a small portion of the overall revenue.

    The company’s operational margins also face challenges. The EBITDA margin compressed as placement fees and employee benefits expenses rose YoY, reflecting increased competitive and operational demands.

    While Den Networks’ focus on broadband growth is commendable, the overall decline in revenue and profitability highlights the pressing need for strategic adjustments. Addressing challenges in the cable segment, optimising operational efficiencies, and capitalising on digital opportunities will be critical for long-term sustainability.

  • DMart’s Q3 shows 17.7 per cent uptick in revenue growth; Profits struggle

    DMart’s Q3 shows 17.7 per cent uptick in revenue growth; Profits struggle

    MUMBAI: In a bustling FMCG retail landscape, where affordability meets aspiration, DMart emerges as the champion for value-conscious shoppers. Much like a modern-day Spiderman swinging through a web of rising costs and fierce competition, DMart’s Q3 FY25 results reveal its unwavering commitment to delivering affordability.

    The results, unveiled on 11 January 2025, showcase a robust revenue growth trajectory, driven by the brand’s steadfast focus on cost-effective retailing and operational efficiency.

    Yet, beneath the surface of this success lies a battle with tightening profit margins—a challenge that highlights the resilience and strategic adaptability of this retail giant in an increasingly competitive arena.

    As DMart continues to redefine FMCG retail with its unbeatable value-for-money offerings, the Q3 results provide a lens into how it balances growth aspirations with the pressures of a rapidly evolving market.

    This is the story of a retailer that, much like a superhero, delivers hope to neighbourhoods while navigating the complexities of its mission.

    DMart’s consolidated revenue from operations climbed to Rs 15,972.55 crore in Q3 FY25, marking a 17.7 per cent increase compared to Rs 13,572.47 crore in Q3 FY24. For the nine months ending 31 December 2024, revenue surged by 16.9 per cent, reaching Rs 44,486.19 crore compared to Rs 38,062.28 crore during the same period last year. This growth was driven by a combination of new store openings and robust demand in core categories.

    However, other income declined to Rs 24.14 crore in Q3 FY25 from Rs 32.92 crore in Q3 FY24, suggesting subdued performance in ancillary revenue streams.

    Despite the revenue upswing, DMart’s consolidated net profit for Q3 FY25 fell to Rs 723.54 crore, a 4.9 per cent decrease from Rs 759.44 crore in Q3 FY24.

    The nine-month net profit stood at Rs 2,156.66 crore, reflecting a marginal growth of 0.4 per cent from Rs 2,147.12 crore during the same period last year.

    Margins remained under strain, with the EBITDA margin compressing due to higher costs in employee benefits (up by 30.1 per cent YoY to Rs 304.83 crore) and depreciation (up 20.4 per cent YoY to Rs 228.12 crore).

    DMart’s purchase of stock-in-trade for Q3 FY25 escalated to Rs 13,376.72 crore, an 18 per cent rise from Rs 11,330.93 crore in Q3 FY24, aligning with its expansion strategy. However, changes in inventory of stock-in-trade presented a marginal increase, indicating effective inventory control amidst fluctuating demand.

    The company also reported a contingent liability of Rs 235.98 crore under the Goods and Service Tax Act, reflecting ongoing regulatory challenges.

    DMart’s robust revenue trajectory signals strength in its core retail operations. However, declining profit margins highlight the need for cost optimisation and operational efficiency. The company’s cautious approach to expansion and investment in digital initiatives will be crucial in navigating market challenges and enhancing shareholder value.