ITV

Category: Financials

  • Q1-17: Zeel numbers up on higher ad, subscription revenue, PAT up 22 percent

    Q1-17: Zeel numbers up on higher ad, subscription revenue, PAT up 22 percent

    BENGALURU: The Subhash Chandra led content and broadcast player Zee Entertainment Enterprises Limited (Zeel) reported a 19.2 per cent  hike in consolidated revenue for the quarter ended 30 June 2016 (Q1-17, current quarter) as compared to the corresponding quarter of the previous year. The growth was driven by a 19.2 percent growth in Zeel’s advertising (ad) revenue, supplemented by a 14.2 percent growth in subscription revenue. Zeel reported consolidated revenue (Total income from operations, TIO) of Rs 1,571.62 crore in Q1-17 as compared to Rs 1,326,68 crore in Q1-16.

    Profit after tax (PAT) for the current quarter increased 21.8 percent to Rs 216.96 crore (13.8 percent margin) as compared to Rs 178.18 crore (13.4 percent margin) in Q1-16.

    Ad revenue in the current quarter was Rs 911.98 crore (58 percent of TIO) as compared to Rs 765.33 crore (57.7 percent of TIO) in Q1-16. Subscription revenue in the current quarter was Rs 528.16 crore (33.6 percent of TIO) as compared to Rs 462.53 crore (34.9 percent of TIO) in Q1-16.

    Zeel’s Operating profit (EBITDA) for Q1-17 stood at Rs 453.15 crore (28.8 percent EBITDA Margin) which was 44.1 percent higher than the Rs 314.57 crore (23.7 percent EBIDTA margin) in the corresponding year ago quarter.

    Total Expenditure in Q1-17 increased 11.2 percent to Rs 1,143.58 crore (72.8 percent of TIO) from Rs 1,028.21 crore (77.5 percent of TIO) in Q1-16.

    Finance costs in the current quarter declined 2.6 percent to Rs 7.5 crore (0.5 percent of TIO) from Rs 7.7 crore (0.6 percent of TIO) in the corresponding year ago quarter.

    Employee benefit expense in Q1-17 increased 14.1 percent to Rs 149.93 crore (9.5 percent of TIO) from Rs 131.40 crore (9.9 percent of TIO) in Q1-16.

    Advertising and Publicity expense in the current quarter increased 23.9 percent to Rs 119.71 crore (7.6 percent of TIO) from Rs 96.65 crore (7.3 percent of TIO) in Q1-16.

    Company Speak

    Chandra added, “The financial results once again highlight the strong underlying fundamentals of the company. The advertising and subscription revenues continue to drive the company’s growth. Taking a long term view of the business trends we are committed to become a global content company and will make suitable investments to achieve that objective.”

    Zeel managing director and CEO Punit Goenka, Managing said, ““We have started the new fiscal on a positive note, delivering successful result in the first quarter. On the back of continued steady economic recovery, the company once again managed to outperform the market. The advertising growth is holding up and the subscription revenue is maintaining a steady growth. While the advertising could receive a fillip if the consumer spending improves, on the subscription front the industry awaits the regulatory guidelines which will shape the subscription revenue growth over the next few quarters.”

    The preference of the consumers keeps on evolving with time and we have consistently stayed ahead of the curve, and in many cases helped shape it. As an entertainment company, it is imperative for us to experiment with new content and innovate new formats, and we will continue to do so. We are making investments in new growth verticals with an aim that they will start contributing to company’s success in the future. An effort in this direction was the relaunch of company’s paid OTT platform dittoTV with new subscription plans. Our movie production business has started delivering results which is evident with movies like Sairat which became the highest grossing Marathi movie of all time.”

    Note: (1) 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.

    (2) All numbers in this report are consolidated unless stated otherwise.
     

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  • Q1-17: Zeel numbers up on higher ad, subscription revenue, PAT up 22 percent

    Q1-17: Zeel numbers up on higher ad, subscription revenue, PAT up 22 percent

    BENGALURU: The Subhash Chandra led content and broadcast player Zee Entertainment Enterprises Limited (Zeel) reported a 19.2 per cent  hike in consolidated revenue for the quarter ended 30 June 2016 (Q1-17, current quarter) as compared to the corresponding quarter of the previous year. The growth was driven by a 19.2 percent growth in Zeel’s advertising (ad) revenue, supplemented by a 14.2 percent growth in subscription revenue. Zeel reported consolidated revenue (Total income from operations, TIO) of Rs 1,571.62 crore in Q1-17 as compared to Rs 1,326,68 crore in Q1-16.

    Profit after tax (PAT) for the current quarter increased 21.8 percent to Rs 216.96 crore (13.8 percent margin) as compared to Rs 178.18 crore (13.4 percent margin) in Q1-16.

    Ad revenue in the current quarter was Rs 911.98 crore (58 percent of TIO) as compared to Rs 765.33 crore (57.7 percent of TIO) in Q1-16. Subscription revenue in the current quarter was Rs 528.16 crore (33.6 percent of TIO) as compared to Rs 462.53 crore (34.9 percent of TIO) in Q1-16.

    Zeel’s Operating profit (EBITDA) for Q1-17 stood at Rs 453.15 crore (28.8 percent EBITDA Margin) which was 44.1 percent higher than the Rs 314.57 crore (23.7 percent EBIDTA margin) in the corresponding year ago quarter.

    Total Expenditure in Q1-17 increased 11.2 percent to Rs 1,143.58 crore (72.8 percent of TIO) from Rs 1,028.21 crore (77.5 percent of TIO) in Q1-16.

    Finance costs in the current quarter declined 2.6 percent to Rs 7.5 crore (0.5 percent of TIO) from Rs 7.7 crore (0.6 percent of TIO) in the corresponding year ago quarter.

    Employee benefit expense in Q1-17 increased 14.1 percent to Rs 149.93 crore (9.5 percent of TIO) from Rs 131.40 crore (9.9 percent of TIO) in Q1-16.

    Advertising and Publicity expense in the current quarter increased 23.9 percent to Rs 119.71 crore (7.6 percent of TIO) from Rs 96.65 crore (7.3 percent of TIO) in Q1-16.

    Company Speak

    Chandra added, “The financial results once again highlight the strong underlying fundamentals of the company. The advertising and subscription revenues continue to drive the company’s growth. Taking a long term view of the business trends we are committed to become a global content company and will make suitable investments to achieve that objective.”

    Zeel managing director and CEO Punit Goenka, Managing said, ““We have started the new fiscal on a positive note, delivering successful result in the first quarter. On the back of continued steady economic recovery, the company once again managed to outperform the market. The advertising growth is holding up and the subscription revenue is maintaining a steady growth. While the advertising could receive a fillip if the consumer spending improves, on the subscription front the industry awaits the regulatory guidelines which will shape the subscription revenue growth over the next few quarters.”

    The preference of the consumers keeps on evolving with time and we have consistently stayed ahead of the curve, and in many cases helped shape it. As an entertainment company, it is imperative for us to experiment with new content and innovate new formats, and we will continue to do so. We are making investments in new growth verticals with an aim that they will start contributing to company’s success in the future. An effort in this direction was the relaunch of company’s paid OTT platform dittoTV with new subscription plans. Our movie production business has started delivering results which is evident with movies like Sairat which became the highest grossing Marathi movie of all time.”

    Note: (1) 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.

    (2) All numbers in this report are consolidated unless stated otherwise.
     

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  • Q2-16: DISH Network reports 27% profit hike, loses 281K pay-TV subscribers

    Q2-16: DISH Network reports 27% profit hike, loses 281K pay-TV subscribers

    BENGALURU: DISH Network Corp. (DISH) reported 26.52 percent increase in its net profit for the quarter ended 30 June 2016 (Q2-16, current quarter) at $ 410.46 million as compared to $ 324.42 million in the corresponding year ago quarter. Despite activating approximately 527,000 gross new pay-TV subscribers, net pay-TV subscribers declined approximately 281,000 in Q2-16. Comparatively, in Q2-15 approximately 638,000 gross new pay-TV subscribers were added with a net loss of approximately 81,000 pay-TV subscribers.

    DISH reported almost flat revenue (grew by 0.12 percent) in the current quarter of $ 3,837.04 million as compared to revenue of $ 3,832.29 million in Q2-15. Subscriber related revenue in Q2-16 grew 0.7 percent to $3,826.22 million as compared to $3,801.42 million in Q2-15.

    EBIDTA in Q2-16 declined slightly (2.7 percent) to $ 899.54 million from $ 924.45 million in the corresponding year ago quarter.

    Subscribers, ARPU, SAC

    The company closed Q2-16 with 13.593 million pay-TV subscribers, compared to 13.932 million pay-TV subscribers at the end Q2-2015.

    DISH lost approximately 15,000 net broadband subscribers in the second quarter, bringing its broadband subscriber base to approximately 613,000.

    Pay-TV ARPU for Q2-16 totalled $89.98, compared to Q2-2015 pay-TV ARPU of $ 87.91. Pay-TV subscriber churn rate in the current quarter was higher at 1.96 percent versus 1.71 percent for Q2-2015.

    Pay-TV subscriber acquisition cost (SAC) in Q2-16 was $353.08 million as compared to $ 405.70 million in Q2-15.  Pay-TV SAC was $782 per subscriber during Q2-16 compared to $767 during Q2-15 an increase of $15 or 1.9 percent.  

    DISH says that this change was primarily attributable to an increase in advertising costs per activation, partially offset by a decrease in hardware costs per activation. The decrease in hardware costs per activation was primarily due to a higher percentage of remanufactured receivers being activated on new DISH branded pay-TV subscriber accounts and by a reduction in manufacturing costs related to certain receiver systems. This decrease was partially offset by an increase in the percentage of new DISH branded pay-TV subscriber activations with Hopper 3 receiver systems, which have a higher cost per unit than the prior generation Hopper receiver systems.

    Notes

    It may be noted that DISH includes all of its Sling TV subscribers in the company’s total pay-TV metrics, including in the pay-TV subscriber, pay-TV ARPU and pay-TV churn rate numbers set forth below. Sling TV subscribers are reported net of disconnects in DISH’s gross new pay-TV subscriber activations. The Sling branded pay-TV services consist of, among other things, live, linear streaming over-the-top (OTT) internet-based domestic, international and Latino video programming services.

    DISH markets broadband services under the dishNET™ brand in the United States.  In addition to the dishNET branded satellite broadband service, DISH also offers wireline voice and broadband services under the dishNET brand as a competitive local exchange carrier primarily to consumers living in a 14-state region in the western United States.  It primarily bundles dishNET branded services with its DISH branded pay-TV service.

    During Q1-2016 DISH made its next generation Hopper, the Hopper 3, availableto customers nationwide.  Among other things, the Hopper 3 features 16 tuners, delivers an enhanced 4K Ultra HD experience, and supports up to seven TVs simultaneously says the company.

  • Q2-16: DISH Network reports 27% profit hike, loses 281K pay-TV subscribers

    Q2-16: DISH Network reports 27% profit hike, loses 281K pay-TV subscribers

    BENGALURU: DISH Network Corp. (DISH) reported 26.52 percent increase in its net profit for the quarter ended 30 June 2016 (Q2-16, current quarter) at $ 410.46 million as compared to $ 324.42 million in the corresponding year ago quarter. Despite activating approximately 527,000 gross new pay-TV subscribers, net pay-TV subscribers declined approximately 281,000 in Q2-16. Comparatively, in Q2-15 approximately 638,000 gross new pay-TV subscribers were added with a net loss of approximately 81,000 pay-TV subscribers.

    DISH reported almost flat revenue (grew by 0.12 percent) in the current quarter of $ 3,837.04 million as compared to revenue of $ 3,832.29 million in Q2-15. Subscriber related revenue in Q2-16 grew 0.7 percent to $3,826.22 million as compared to $3,801.42 million in Q2-15.

    EBIDTA in Q2-16 declined slightly (2.7 percent) to $ 899.54 million from $ 924.45 million in the corresponding year ago quarter.

    Subscribers, ARPU, SAC

    The company closed Q2-16 with 13.593 million pay-TV subscribers, compared to 13.932 million pay-TV subscribers at the end Q2-2015.

    DISH lost approximately 15,000 net broadband subscribers in the second quarter, bringing its broadband subscriber base to approximately 613,000.

    Pay-TV ARPU for Q2-16 totalled $89.98, compared to Q2-2015 pay-TV ARPU of $ 87.91. Pay-TV subscriber churn rate in the current quarter was higher at 1.96 percent versus 1.71 percent for Q2-2015.

    Pay-TV subscriber acquisition cost (SAC) in Q2-16 was $353.08 million as compared to $ 405.70 million in Q2-15.  Pay-TV SAC was $782 per subscriber during Q2-16 compared to $767 during Q2-15 an increase of $15 or 1.9 percent.  

    DISH says that this change was primarily attributable to an increase in advertising costs per activation, partially offset by a decrease in hardware costs per activation. The decrease in hardware costs per activation was primarily due to a higher percentage of remanufactured receivers being activated on new DISH branded pay-TV subscriber accounts and by a reduction in manufacturing costs related to certain receiver systems. This decrease was partially offset by an increase in the percentage of new DISH branded pay-TV subscriber activations with Hopper 3 receiver systems, which have a higher cost per unit than the prior generation Hopper receiver systems.

    Notes

    It may be noted that DISH includes all of its Sling TV subscribers in the company’s total pay-TV metrics, including in the pay-TV subscriber, pay-TV ARPU and pay-TV churn rate numbers set forth below. Sling TV subscribers are reported net of disconnects in DISH’s gross new pay-TV subscriber activations. The Sling branded pay-TV services consist of, among other things, live, linear streaming over-the-top (OTT) internet-based domestic, international and Latino video programming services.

    DISH markets broadband services under the dishNET™ brand in the United States.  In addition to the dishNET branded satellite broadband service, DISH also offers wireline voice and broadband services under the dishNET brand as a competitive local exchange carrier primarily to consumers living in a 14-state region in the western United States.  It primarily bundles dishNET branded services with its DISH branded pay-TV service.

    During Q1-2016 DISH made its next generation Hopper, the Hopper 3, availableto customers nationwide.  Among other things, the Hopper 3 features 16 tuners, delivers an enhanced 4K Ultra HD experience, and supports up to seven TVs simultaneously says the company.

  • 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

     

  • Q1-17: Reliance Retail revenue up 46 percent; Jio subscriber base is 15 lakh

    Q1-17: Reliance Retail revenue up 46 percent; Jio subscriber base is 15 lakh

    BENGALURU: The Mukesh Dhirubhai Ambani led Reliance Industries Limited (RIL) organized retail segment – Reliance Retail,  continued its growth momentum and profitability in the quarter ended 30 June 2106 (Q1-17, current quarter). RIL’s organised retail segment contributes to less than 1 percent to gross revenues and yet, in terms of sheer numbers is bigger than most of other major players in the organised retail space in India. 

    Reliance Retail revenue for Q1-17 grew 45.8 percent year-over-year (y-o-y) to Rs 6,666 crore from Rs 4,572 crore in the corresponding year ago quarter (Q1-16). Quarter-over-quarter (q-o-q), the retail segment’s revenue also grew at double digits – a remarkable 18.6 percent from Rs 5,646 crore in the immediate trailing quarter (Q4-16). RIL says that the increase in turnover was led by growth in digital, fashion & lifestyle and petroleum products.

    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.

    Reliance Retail reported segment EBIT (Earnings before interest and taxes) of Rs 148 crore (2.2 percent EBIT margin), 31 percent higher y-o-y as compared to Rs 113 crore (2.5 percent EBIT margin) and 15.6 percent higher q-o-q than Rs 128 crore (2.3 percent EBIT margin).

    Reliance Jio Infocomm Limited (RJIL), a subsidiary of RIL, extended its trial services to all LYF devices users under the Jio LYF preview offer. (LYF is the mobile handset brand of Reliance Retail) This has enabled testing of all the services to customers outside the initial set of test users. RJIL now has over 15 lakh test users on its network claims an RIL release. The average monthly consumption per user is in excess of 26 GB and is increasing rapidly. Average voice usage per month is over 355 minutes. The test program will be progressively upgraded into commercial operations in coming months says RIL.

    RIL chairman and managing director Mukesh Ambani said, “At Reliance Jio, we have built an entire ecosystem that will allow Indians to live the digital life to the fullest. This transformational ecosystem consists of broadband connectivity, devices and powerful applications and services which will be available to every consumer in India.”

    RIL numbers

    For Q1-17, RIL achieved a turnover of Rs 71,451 crore ($ 10.6 billion), a decrease of 13.4 percent, as compared to Rs 82,509 crore in the corresponding period of the previous year. The company says that decline in revenue was led by the 26 percent y-o-y decline in benchmark (Brent) oil price which averaged at $ 45.6/bbl (bbl is oil barrel) in Q1-17 as compared to $ 61.9/bbl in the corresponding period of the previous year. Impact of lower prices was partially offset by higher volumes in refining and petrochemicals segments.

    Profit after tax including exceptional items was higher by 18.1 percent at Rs 7,113 crore ($ 1.1 billion) as against Rs 6,024 crore in the corresponding period of the previous year.

    Said Ambani, ““At Reliance, we continued to harness the power of our integrated energy and materials business portfolio. We maintained our earnings growth trajectory during this quarter, as the world grappled with new dimensions of economic uncertainty. Though regional refining margins trended downwards, our high-conversion refining system was able to take advantage of higher margins on middle distillates and wider discounts on sour crude oils. Our refining business delivered another record performance and achieved industry leading GRM (gross refining margin). Our petrochemicals business has a wide product portfolio, superior feedstock linkages and serves high-growth end-markets in India. As a result, we achieved yet another quarter of margin expansion in petrochemicals business and delivered EBIT growth of more than 20.5 percent y-o-y.”

  • Q1-17: Reliance Retail revenue up 46 percent; Jio subscriber base is 15 lakh

    Q1-17: Reliance Retail revenue up 46 percent; Jio subscriber base is 15 lakh

    BENGALURU: The Mukesh Dhirubhai Ambani led Reliance Industries Limited (RIL) organized retail segment – Reliance Retail,  continued its growth momentum and profitability in the quarter ended 30 June 2106 (Q1-17, current quarter). RIL’s organised retail segment contributes to less than 1 percent to gross revenues and yet, in terms of sheer numbers is bigger than most of other major players in the organised retail space in India. 

    Reliance Retail revenue for Q1-17 grew 45.8 percent year-over-year (y-o-y) to Rs 6,666 crore from Rs 4,572 crore in the corresponding year ago quarter (Q1-16). Quarter-over-quarter (q-o-q), the retail segment’s revenue also grew at double digits – a remarkable 18.6 percent from Rs 5,646 crore in the immediate trailing quarter (Q4-16). RIL says that the increase in turnover was led by growth in digital, fashion & lifestyle and petroleum products.

    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.

    Reliance Retail reported segment EBIT (Earnings before interest and taxes) of Rs 148 crore (2.2 percent EBIT margin), 31 percent higher y-o-y as compared to Rs 113 crore (2.5 percent EBIT margin) and 15.6 percent higher q-o-q than Rs 128 crore (2.3 percent EBIT margin).

    Reliance Jio Infocomm Limited (RJIL), a subsidiary of RIL, extended its trial services to all LYF devices users under the Jio LYF preview offer. (LYF is the mobile handset brand of Reliance Retail) This has enabled testing of all the services to customers outside the initial set of test users. RJIL now has over 15 lakh test users on its network claims an RIL release. The average monthly consumption per user is in excess of 26 GB and is increasing rapidly. Average voice usage per month is over 355 minutes. The test program will be progressively upgraded into commercial operations in coming months says RIL.

    RIL chairman and managing director Mukesh Ambani said, “At Reliance Jio, we have built an entire ecosystem that will allow Indians to live the digital life to the fullest. This transformational ecosystem consists of broadband connectivity, devices and powerful applications and services which will be available to every consumer in India.”

    RIL numbers

    For Q1-17, RIL achieved a turnover of Rs 71,451 crore ($ 10.6 billion), a decrease of 13.4 percent, as compared to Rs 82,509 crore in the corresponding period of the previous year. The company says that decline in revenue was led by the 26 percent y-o-y decline in benchmark (Brent) oil price which averaged at $ 45.6/bbl (bbl is oil barrel) in Q1-17 as compared to $ 61.9/bbl in the corresponding period of the previous year. Impact of lower prices was partially offset by higher volumes in refining and petrochemicals segments.

    Profit after tax including exceptional items was higher by 18.1 percent at Rs 7,113 crore ($ 1.1 billion) as against Rs 6,024 crore in the corresponding period of the previous year.

    Said Ambani, ““At Reliance, we continued to harness the power of our integrated energy and materials business portfolio. We maintained our earnings growth trajectory during this quarter, as the world grappled with new dimensions of economic uncertainty. Though regional refining margins trended downwards, our high-conversion refining system was able to take advantage of higher margins on middle distillates and wider discounts on sour crude oils. Our refining business delivered another record performance and achieved industry leading GRM (gross refining margin). Our petrochemicals business has a wide product portfolio, superior feedstock linkages and serves high-growth end-markets in India. As a result, we achieved yet another quarter of margin expansion in petrochemicals business and delivered EBIT growth of more than 20.5 percent y-o-y.”

  • RIL innovates; to live stream Q1-2016-17 results on FB, Youtube, Periscope

    RIL innovates; to live stream Q1-2016-17 results on FB, Youtube, Periscope

    MUMBAI: When you are a company that generates Rs 1,000 crore a day in revenue, you have to do things in style right? We are referring to the Mukesh Ambani group company Reliance Industries Ltd (RIL).

    It is touting a first for a global company as it gets ready to stream live its CFO’s Alok Agarwal’s analysis of its Q1-2016-17 results from a single axis (read a camera) over Youtube, Twitter’s Periscope and Facebook Live today. In most cases in the past, companies have streamed an event live on one of the three platforms but using different cameras.

    Says a company official: “Three cameras means three different angles for three different platforms. And an individual can look at only one camera at a time which means that somewhere or the other it appears as though he is not addressing people.”

    Apparently, RIL has technically innovated to have one video out from a single camera and distributing it to the three outlets with the help of a switcher.

    The test signal of the feed was seen on the verified Facebook page of RIL president and media director Umesh Upadhyay, the company’s Twitter feed called @FlameOfTruth and its YouTube landing, @flameoftruth2014.

    The company had streamed its results announcement live on Facebook in January 2016 with Agarwal holding forth on its Q3 2015-16 results. It then added Periscope to communicate its Q4 2015-2016 results.

    Now it has taken the step to simulcast the live stream on all the three digital platforms for its Q1 2016-2017 financials.

    “We are where the sophisticated consumer of media and stakeholders are, spread across different geographies and time zones ” an RIL official confirmed, requesting not to be named.

    A promo announcing this LIVE feed has already attracted 4.14 lakh reach, 1.03 lakh views, 2,300 likes on Facebook alone.

    RIL has more than 3 million shareholders. Even if 10 per cent of them log onto the live stream, that will be equal to the audiences that some TV shows get.

    Now if cable TV operators choose to stream this to their subscribers that could mean even more reach for RIL.

    YouTube: https://www.youtube.com/user/flameoftruth2014

    Facebook: https://www.facebook.com/RelianceIndustriesLimited/

    Twitter: https://twitter.com/flameoftruth

  • RIL innovates; to live stream Q1-2016-17 results on FB, Youtube, Periscope

    RIL innovates; to live stream Q1-2016-17 results on FB, Youtube, Periscope

    MUMBAI: When you are a company that generates Rs 1,000 crore a day in revenue, you have to do things in style right? We are referring to the Mukesh Ambani group company Reliance Industries Ltd (RIL).

    It is touting a first for a global company as it gets ready to stream live its CFO’s Alok Agarwal’s analysis of its Q1-2016-17 results from a single axis (read a camera) over Youtube, Twitter’s Periscope and Facebook Live today. In most cases in the past, companies have streamed an event live on one of the three platforms but using different cameras.

    Says a company official: “Three cameras means three different angles for three different platforms. And an individual can look at only one camera at a time which means that somewhere or the other it appears as though he is not addressing people.”

    Apparently, RIL has technically innovated to have one video out from a single camera and distributing it to the three outlets with the help of a switcher.

    The test signal of the feed was seen on the verified Facebook page of RIL president and media director Umesh Upadhyay, the company’s Twitter feed called @FlameOfTruth and its YouTube landing, @flameoftruth2014.

    The company had streamed its results announcement live on Facebook in January 2016 with Agarwal holding forth on its Q3 2015-16 results. It then added Periscope to communicate its Q4 2015-2016 results.

    Now it has taken the step to simulcast the live stream on all the three digital platforms for its Q1 2016-2017 financials.

    “We are where the sophisticated consumer of media and stakeholders are, spread across different geographies and time zones ” an RIL official confirmed, requesting not to be named.

    A promo announcing this LIVE feed has already attracted 4.14 lakh reach, 1.03 lakh views, 2,300 likes on Facebook alone.

    RIL has more than 3 million shareholders. Even if 10 per cent of them log onto the live stream, that will be equal to the audiences that some TV shows get.

    Now if cable TV operators choose to stream this to their subscribers that could mean even more reach for RIL.

    YouTube: https://www.youtube.com/user/flameoftruth2014

    Facebook: https://www.facebook.com/RelianceIndustriesLimited/

    Twitter: https://twitter.com/flameoftruth