ITV

Category: Financials

  • DQ Entertainment revenue up, reports profits in FY-16

    DQ Entertainment revenue up, reports profits in FY-16

    BENGALURU: The Tapas Chakravarti led DQ Entertainment (International) Limited (DQEIL) reported 8 percent growth in total income from operations (TIO) for the fiscal ended 31 March, 2016 (FY-16, current year) as compared to the previous year. The company has reported Profit after tax (PAT) of Rs 29.94 crore (14.2 percent PAT margin of TIO) in FY-16 as compared to a loss of Rs 19.71 crore in FY-15. The company reported TIO of Rs 210.39 crore in the current year as compared to Rs 194.80 crore in the previous year.

    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.

    Segment Performance

    The company’s Animation segment reported an operating profit of Rs 72.94 crore in FY-16 from operating revenue of Rs 164.29 crore as compared to the operating profit of Rs 70.27 crore from operating revenue of Rs 142.34 crore in FY-15.

    The company’s distribution segment reported an operating loss of Rs 13.57 crore on operating revenue of Rs 46.11 crore in FY-116 as compared to an operating profit of Rs 13.67 crore on operating revenue of Rs 52.46 crore in FY-15.

    Let us look at the other numbers reported by DQEIL

    Total Expenditure in FY-16 increased 25.3 percent to Rs 164.50 crore (78.2 percent of TIO) from Rs 131.31 crore (84. percent of TIO) in the previous year.

    The company’s finance expense in FY-16 increased 38.3 percent at Rs 59.09 crore (28.1 percent of TIO) as compared to the Rs 42.73 crore (21.9 percent of TIO) in FY-15.

    DQEIL Production expense (PE) in FY-16 reduced 48.9 percent to Rs 11.06 crore (5.3 percent of TIO) from Rs 21.63 crore (11.1 percent of TIO) in the previous year.

    The company’s Employee Expense (EBE) in FY-16 at Rs 54.13 crore (25.97 percent of TIO) reduced 15 percent from Rs 63.71 crore (32.7 percent of TIO) in FY-15.

    Company speak

    The company in its earnings release says, “Our drive is to improve the collections from customers even if it leads to short term reduction of revenue. We see that with the market improving worldwide we will be able to meet the dual objective of reducing debtors while securing good orders from the customers. We have a strong visibility of orders for production for the next 18-24 months.”

    “In order to map our specialized offerings better with the market opportunities, we have streamlined our business divisions into Animation including VFX and Licensing and Distribution including digital media. 

  • DQ Entertainment revenue up, reports profits in FY-16

    DQ Entertainment revenue up, reports profits in FY-16

    BENGALURU: The Tapas Chakravarti led DQ Entertainment (International) Limited (DQEIL) reported 8 percent growth in total income from operations (TIO) for the fiscal ended 31 March, 2016 (FY-16, current year) as compared to the previous year. The company has reported Profit after tax (PAT) of Rs 29.94 crore (14.2 percent PAT margin of TIO) in FY-16 as compared to a loss of Rs 19.71 crore in FY-15. The company reported TIO of Rs 210.39 crore in the current year as compared to Rs 194.80 crore in the previous year.

    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.

    Segment Performance

    The company’s Animation segment reported an operating profit of Rs 72.94 crore in FY-16 from operating revenue of Rs 164.29 crore as compared to the operating profit of Rs 70.27 crore from operating revenue of Rs 142.34 crore in FY-15.

    The company’s distribution segment reported an operating loss of Rs 13.57 crore on operating revenue of Rs 46.11 crore in FY-116 as compared to an operating profit of Rs 13.67 crore on operating revenue of Rs 52.46 crore in FY-15.

    Let us look at the other numbers reported by DQEIL

    Total Expenditure in FY-16 increased 25.3 percent to Rs 164.50 crore (78.2 percent of TIO) from Rs 131.31 crore (84. percent of TIO) in the previous year.

    The company’s finance expense in FY-16 increased 38.3 percent at Rs 59.09 crore (28.1 percent of TIO) as compared to the Rs 42.73 crore (21.9 percent of TIO) in FY-15.

    DQEIL Production expense (PE) in FY-16 reduced 48.9 percent to Rs 11.06 crore (5.3 percent of TIO) from Rs 21.63 crore (11.1 percent of TIO) in the previous year.

    The company’s Employee Expense (EBE) in FY-16 at Rs 54.13 crore (25.97 percent of TIO) reduced 15 percent from Rs 63.71 crore (32.7 percent of TIO) in FY-15.

    Company speak

    The company in its earnings release says, “Our drive is to improve the collections from customers even if it leads to short term reduction of revenue. We see that with the market improving worldwide we will be able to meet the dual objective of reducing debtors while securing good orders from the customers. We have a strong visibility of orders for production for the next 18-24 months.”

    “In order to map our specialized offerings better with the market opportunities, we have streamlined our business divisions into Animation including VFX and Licensing and Distribution including digital media. 

  • FY-16: PVR PAT up nine-fold

    FY-16: PVR PAT up nine-fold

    BENGALURU: Indian motion picture exhibition, production and distribution house PVR Limited (PVR) reported more than nine-fold (9.3 times) profit after tax (PAT) for the fiscal ended 31 March 2016 (FY-16, current year, current fiscal) as compared to the previous fiscal FY-15. The company reported PAT of Rs 118.73 crore (6.3 percent margin of consolidated Total Income from Operations or TIO) as compared to PAT of Rs 12.76 crore (0.9 percent PAT margin of TIO). For fiscal FY-14, the company had reported PAT of Rs 50.39 crore (3.7 PAT margin of TIO).

    PVR’s consolidated TIO in the current year increased 26.5 percent to Rs 1,873.54 crore as compared to Rs 1,481.34 crore in FY-15. TIO plus other income in FY-16 increased 27.1 percent to Rs 1,896.99 crore from Rs 1,485.98 crore in FY-15.

    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.

    PVR’s total operating profit including other income (EBIDTA) in FY-16 increased 70.8 percent to Rs 358.09 crore (18.9 percent EBIDTA margin of total income including other income) as compared to Rs 209.67 crore (14.1 percent EBIDTA margin of total income including other income) in the previous year.

    Total Expenditure in FY-16 increased 19.5 percent to Rs 1,664.09 crore (88.8 percent of TIO) as compared to Rs 1,393.11 crore (13.2 percent of TIO) in FY-15. Film Exhibition cost increased 22.4 percent to Rs 418.96 crore (23.4 percent of TIO) in FY-16 from Rs 324.18 crore (23.1 percent of TIO) in FY-15. Employee Benefit Expense (EBE) in the current year increased 29.5 percent to Rs 185.30 crore (9.9 percent of TIO) as compared to Rs 143.04 crore (9.7 percent of TIO).Other expenses in FY-16 increased 30.9 percent to Rs 212.29 crore (11.3 percent of TIO) as compared to Rs 162.21 crore (11 percent of TIO) in the previous fiscal. Food & Beverages and other costs increased 16.3 percent to Rs 124.83 crore (6.7 percent of TIO) from Rs 107.38 crore (7.2 percent of TIO) in FY-15.

    Segment Revenue

    Three segments contribute to PVR’s revenues.

    The largest segment – Movie Exhibition reported 26.3 percent growth in operating revenue in FY-16 at Rs 1,730.09 crore from Rs 1,370.39 crore in the previous year. The segment reported more than double operating profit 2.34 times) of Rs 206.51 crore in the current fiscal as compared to Rs 88.23 crore in the FY-15

    Movie Production and Distribution segment reported 59.1 percent growth in FY-16 at Rs 81.50 crore as compared to Rs 51.23 crore in FY-15. The segment’s operating profit in the current year increased 5.1 percent to Rs 2.88 crore from Rs 2.74 crore in FY-15.

    PVR’s ‘Other’ segment which includes bowling, gaming and restaurant services reported 3.9 percent increase in revenue in FY-16 at Rs 76.85 crore as compared to Rs 73.96 crore in the previous fiscal. The segment reported operating profit of Rs 0.1 crore as compared to an operating loss of Rs 2.80 crore in FY-15.

    The board of directors of PVR have approved a dividend of Rs 2 per equity share of face value of Rs 10 each

  • FY-16: PVR PAT up nine-fold

    FY-16: PVR PAT up nine-fold

    BENGALURU: Indian motion picture exhibition, production and distribution house PVR Limited (PVR) reported more than nine-fold (9.3 times) profit after tax (PAT) for the fiscal ended 31 March 2016 (FY-16, current year, current fiscal) as compared to the previous fiscal FY-15. The company reported PAT of Rs 118.73 crore (6.3 percent margin of consolidated Total Income from Operations or TIO) as compared to PAT of Rs 12.76 crore (0.9 percent PAT margin of TIO). For fiscal FY-14, the company had reported PAT of Rs 50.39 crore (3.7 PAT margin of TIO).

    PVR’s consolidated TIO in the current year increased 26.5 percent to Rs 1,873.54 crore as compared to Rs 1,481.34 crore in FY-15. TIO plus other income in FY-16 increased 27.1 percent to Rs 1,896.99 crore from Rs 1,485.98 crore in FY-15.

    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.

    PVR’s total operating profit including other income (EBIDTA) in FY-16 increased 70.8 percent to Rs 358.09 crore (18.9 percent EBIDTA margin of total income including other income) as compared to Rs 209.67 crore (14.1 percent EBIDTA margin of total income including other income) in the previous year.

    Total Expenditure in FY-16 increased 19.5 percent to Rs 1,664.09 crore (88.8 percent of TIO) as compared to Rs 1,393.11 crore (13.2 percent of TIO) in FY-15. Film Exhibition cost increased 22.4 percent to Rs 418.96 crore (23.4 percent of TIO) in FY-16 from Rs 324.18 crore (23.1 percent of TIO) in FY-15. Employee Benefit Expense (EBE) in the current year increased 29.5 percent to Rs 185.30 crore (9.9 percent of TIO) as compared to Rs 143.04 crore (9.7 percent of TIO).Other expenses in FY-16 increased 30.9 percent to Rs 212.29 crore (11.3 percent of TIO) as compared to Rs 162.21 crore (11 percent of TIO) in the previous fiscal. Food & Beverages and other costs increased 16.3 percent to Rs 124.83 crore (6.7 percent of TIO) from Rs 107.38 crore (7.2 percent of TIO) in FY-15.

    Segment Revenue

    Three segments contribute to PVR’s revenues.

    The largest segment – Movie Exhibition reported 26.3 percent growth in operating revenue in FY-16 at Rs 1,730.09 crore from Rs 1,370.39 crore in the previous year. The segment reported more than double operating profit 2.34 times) of Rs 206.51 crore in the current fiscal as compared to Rs 88.23 crore in the FY-15

    Movie Production and Distribution segment reported 59.1 percent growth in FY-16 at Rs 81.50 crore as compared to Rs 51.23 crore in FY-15. The segment’s operating profit in the current year increased 5.1 percent to Rs 2.88 crore from Rs 2.74 crore in FY-15.

    PVR’s ‘Other’ segment which includes bowling, gaming and restaurant services reported 3.9 percent increase in revenue in FY-16 at Rs 76.85 crore as compared to Rs 73.96 crore in the previous fiscal. The segment reported operating profit of Rs 0.1 crore as compared to an operating loss of Rs 2.80 crore in FY-15.

    The board of directors of PVR have approved a dividend of Rs 2 per equity share of face value of Rs 10 each

  • FY-16: Eros International Media revenue up

    FY-16: Eros International Media revenue up

    BENGALURU: The Sunil Lulla led Eros International Media Limited (Eros) reported 11.4 percent increase in total revenue including other income (TR) for the fiscal ended 31 March 2016 (FY-16, current year, current fiscal) as compared to the previous year. Eros reported TR of Rs 1,603.45 crore in FY-16 as compared to Rs 1,441.03 crore in FY-15.

    The company’s Total Income from Operations (TIO) in the current year increased 11.3 percent to Rs 1,582.58 crore in the previous fiscal. Profit after Tax (PAT) after minority interest in the current year declined 13.5 percent to Rs 214.15 crore (13.4 percent PAT margin of TR) as compared to Rs 247.06 crore (17.1 PAT margin of TR) in the previous year.

    Eros says that revenue for FY-16 saw a significant growth on account of global releases of Bajrangi Bhaijaan, Bajirao Mastani, TanuWeds Manu Returns, Welcome Back, Srimanthudu amongst others across theatrical, overseas and satellite revenues, and overseas releases of Dil Dhadakne Do, Singh is Bling and Gabbar is Back reinforcing the portfolio and film mix strategy

    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.

    Earnings before Interest and Tax in FY-16 declined 6.6 percent to Rs 337.36 crore from Rs 361.19 crore in the previous year.

    The breakup of revenues in FY-16 was: Television and others 30 percent; Theatrical 43.8 percent; Overseas 26.1 percent. The comparative breakup of revenues in FY-15 was: Television and others 31.3 percent; Theatrical 38 percent; Overseas 30.7 percent.

    Total Expenditure in the current year increased 17.2 percent to Rs 1,266.09 crore (80 percent of TIO) from Rs 1,079.84 (76 percent of TIO) in FY-15.

    Direct Costs during FY-16 stood at Rs 1,144.8 crore, including Rs. 617.8 crore of content amortization (Rs 940 crore of direct costs including content amortization of Rs 497.6 crore in FY-15) and overflow accrued to Producers on account of hit films.

    For the period ending March 31, 2016, the company generated free cash flow of Rs 300 crore as compared to negative Rs 50 crore in FY-15. As on 31 March 2016, total receivables stood at Rs. 428.2 crore as compared to Rs. 525.7 crore as on 31 March, 2015.

    Films released in FY-16

    In FY-16, of the 63 films released by Eros, 6 high budget, 16 medium and 41 low budget films were released in as against 6 high budget, 11 medium and 47 low budget movies in FY-15. In FY-16, of the 63 films that were released 33 were Hindi and 30 were Regional films as compared to 64 films during FY-15, which included 45 Hindi and 19 regional films.

    In the quarter ended 31 March 2016 (Q4-16, current quarter) Q4-16, only 6 medium and 6 low budget films were released as against 1 high budget, 4 medium and 17 low budget movies in Q4-15. During the quarter, 12 films were released consisting of 3 Hindi and 5 Tamil/Telugu films and 4 Regional films as compared to 22 films during Q4-15, which included 17 Hindi and 5 Tamil/Telugu films.

    Company speak

    Eros executive vice chairman and managing director Lulla said, “Fiscal 2016 clearly proved to be one of the best year for our films at the Box Office demonstrating the quality and robustness of our content green-lighting strategy, a strong competitive edge for Eros. This is possible as over the years, we have built scale and expertise with the help of an experienced management team which has constantly set new benchmarks in the industry. Continuing this momentum, we had an excellent start to FY17 with Sardaar Gabbar Singh in Telegu, ‘Ki & Ka’ in Hindi and 24 in Tamil delivering splendid performances and together with ‘Housefull 3’ scheduled to open next week, we are looking at a blockbuster first quarter.

    “We have a very exciting film slate for the upcoming quarters, which include films such as ‘Rock On 2’, ‘Dishoom’, ‘Baar Baar Deko’, ‘Shivaay’, Banjo, Singham 3 together with a diversified slate of other regional releases. On the whole, FY 2017 will be seeing an exciting movie repertoire of over 65 content driven Eros films in Hindi and other regional languages, making it the biggest future slate by any studio in India. The slate would also be aided by compelling films from our franchise production arm, Trinity Pictures. To further demonstrate our portfolio and de-risking strategy, I am happy to announce that a substantial part of the above mentioned slate is already pre-sold for satellite rights with the major television networks.”

    “I am happy to report that we ended the year with record revenues of Rs. 16,036 million and healthy profitability. Further, we generated Rs. 3,000 illion free cash flow in FY16 and strengthened our balance sheet by bringing about working capital efficiencies. We are confident that we will continue to maintain
    our market leadership position in the years to come.”

  • FY-16: Eros International Media revenue up

    FY-16: Eros International Media revenue up

    BENGALURU: The Sunil Lulla led Eros International Media Limited (Eros) reported 11.4 percent increase in total revenue including other income (TR) for the fiscal ended 31 March 2016 (FY-16, current year, current fiscal) as compared to the previous year. Eros reported TR of Rs 1,603.45 crore in FY-16 as compared to Rs 1,441.03 crore in FY-15.

    The company’s Total Income from Operations (TIO) in the current year increased 11.3 percent to Rs 1,582.58 crore in the previous fiscal. Profit after Tax (PAT) after minority interest in the current year declined 13.5 percent to Rs 214.15 crore (13.4 percent PAT margin of TR) as compared to Rs 247.06 crore (17.1 PAT margin of TR) in the previous year.

    Eros says that revenue for FY-16 saw a significant growth on account of global releases of Bajrangi Bhaijaan, Bajirao Mastani, TanuWeds Manu Returns, Welcome Back, Srimanthudu amongst others across theatrical, overseas and satellite revenues, and overseas releases of Dil Dhadakne Do, Singh is Bling and Gabbar is Back reinforcing the portfolio and film mix strategy

    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.

    Earnings before Interest and Tax in FY-16 declined 6.6 percent to Rs 337.36 crore from Rs 361.19 crore in the previous year.

    The breakup of revenues in FY-16 was: Television and others 30 percent; Theatrical 43.8 percent; Overseas 26.1 percent. The comparative breakup of revenues in FY-15 was: Television and others 31.3 percent; Theatrical 38 percent; Overseas 30.7 percent.

    Total Expenditure in the current year increased 17.2 percent to Rs 1,266.09 crore (80 percent of TIO) from Rs 1,079.84 (76 percent of TIO) in FY-15.

    Direct Costs during FY-16 stood at Rs 1,144.8 crore, including Rs. 617.8 crore of content amortization (Rs 940 crore of direct costs including content amortization of Rs 497.6 crore in FY-15) and overflow accrued to Producers on account of hit films.

    For the period ending March 31, 2016, the company generated free cash flow of Rs 300 crore as compared to negative Rs 50 crore in FY-15. As on 31 March 2016, total receivables stood at Rs. 428.2 crore as compared to Rs. 525.7 crore as on 31 March, 2015.

    Films released in FY-16

    In FY-16, of the 63 films released by Eros, 6 high budget, 16 medium and 41 low budget films were released in as against 6 high budget, 11 medium and 47 low budget movies in FY-15. In FY-16, of the 63 films that were released 33 were Hindi and 30 were Regional films as compared to 64 films during FY-15, which included 45 Hindi and 19 regional films.

    In the quarter ended 31 March 2016 (Q4-16, current quarter) Q4-16, only 6 medium and 6 low budget films were released as against 1 high budget, 4 medium and 17 low budget movies in Q4-15. During the quarter, 12 films were released consisting of 3 Hindi and 5 Tamil/Telugu films and 4 Regional films as compared to 22 films during Q4-15, which included 17 Hindi and 5 Tamil/Telugu films.

    Company speak

    Eros executive vice chairman and managing director Lulla said, “Fiscal 2016 clearly proved to be one of the best year for our films at the Box Office demonstrating the quality and robustness of our content green-lighting strategy, a strong competitive edge for Eros. This is possible as over the years, we have built scale and expertise with the help of an experienced management team which has constantly set new benchmarks in the industry. Continuing this momentum, we had an excellent start to FY17 with Sardaar Gabbar Singh in Telegu, ‘Ki & Ka’ in Hindi and 24 in Tamil delivering splendid performances and together with ‘Housefull 3’ scheduled to open next week, we are looking at a blockbuster first quarter.

    “We have a very exciting film slate for the upcoming quarters, which include films such as ‘Rock On 2’, ‘Dishoom’, ‘Baar Baar Deko’, ‘Shivaay’, Banjo, Singham 3 together with a diversified slate of other regional releases. On the whole, FY 2017 will be seeing an exciting movie repertoire of over 65 content driven Eros films in Hindi and other regional languages, making it the biggest future slate by any studio in India. The slate would also be aided by compelling films from our franchise production arm, Trinity Pictures. To further demonstrate our portfolio and de-risking strategy, I am happy to announce that a substantial part of the above mentioned slate is already pre-sold for satellite rights with the major television networks.”

    “I am happy to report that we ended the year with record revenues of Rs. 16,036 million and healthy profitability. Further, we generated Rs. 3,000 illion free cash flow in FY16 and strengthened our balance sheet by bringing about working capital efficiencies. We are confident that we will continue to maintain
    our market leadership position in the years to come.”

  • FY-16: Sun TV revenue up 7.3 percent, PAT up 16.8 percent

    FY-16: Sun TV revenue up 7.3 percent, PAT up 16.8 percent

    BENGALURU: Sun TV Network Limited (Sun TV) reported 7.3 per cent growth in consolidated Total Income from Operations (TIO) and 16.8 percent growth in profit after tax (PAT) for the period ended 31 March 2016 (FY-16, current year) as compared to fiscal FY-15. TIO in FY-16 was Rs 2,569.79 crore as compared to Rs 2,395.38 crore in FY-15. The company’s PAT in the current year was Rs 913.38 crore (35.5 percent PAT margin) in FY-16 and was Rs 782.04 crore (32.6 percent PAT margin) in the previous year.

    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.

    Sun TV consolidated EBIDTA in the current year was Rs 1,774.19 crore (69 percent EBIDTA margin) 5.8 percent higher as compared to Rs 1677.03 crore (70 percent EBIDTA margin) in FY-15.

    Consolidated Total Expenditure (TE) in the current year declined 2.5 percent to Rs 1,300.53 crore (50.6 percent of TIO) as compared to Rs 1,333.45 crore in the previous year.

    Employee Benefits Expense (EBE) in FY-16 increased 15.5 percent to Rs 271.63 crore (10.6 percent of TIO) as compared to Rs 235.08 crore (9.8 percent of TIO) in FY-15.

    Other expenses (OE) in the FY-16 was 13.6 percent higher in FY-16 at Rs 222.07 crore (8.6 percent of TIO) as compared to Rs 195.56 crore (8.2 percent of TIO) in the previous year.

    Standalone quarterly numbers

    For the quarter ended 31 March 2016 (Q4-16, current quarter) Sun TV standalone TIO increased 4 percent year-over-year (y-o-y) to Rs 570.68 crore from Rs 548.58 crore, but declined 0.6 percent quarter-over-quarter (q-o-q) from Rs 574.12 crore.

    Standalone PAT in Q4-16 increased 16.3 percent y-o-y to Rs 236 crore (41.4 percent PAT margin) as compared to Rs 548.48 crore (37 percent PAT margin) and increased 9.5 percent q-o-q from Rs 215.59 crore (37.6 percent PAT margin)

    Standalone EBIDTA in the current quarter increased 0.8 percent y-o-y to Rs 426.58 crore (74.7 percent EBIDTA margin) from Rs 423.26 crore (77.2 percent EBIDTA margin), but declined 3.1 percent q-o-q from Rs 440.44 crore.

    Standalone TE in Q4-16 declined 7.2 percent y-o-y to Rs 244.76 crore (42.9 percent of TIO) from Rs 263.74 crore (48.1 percent of TIO) and declined 8.8 percent q-o-q from Rs 268.43 crore (46.8 percent of TIO).

    Standalone EBE in the current quarter increased 20.8 percent y-o-y to Rs 63.02 crore (11 percent of TIO) from Rs 52.16 crore (9.5 percent of TIO) and increased 7.3 percent q-o-q from Rs 58.73 crore (10.2 percent of TIO)

    Standalone OE in Q4-16 increased 23 percent y-o-y to Rs 34.77 crore (6.1 percent of TIO) from Rs 28.26 crore (5.2 percent of TIO) but declined 1.1 percent q-o-q from Rs 35.16 crore (6.1 percent of TIO).

    Sun TV has paid franchisee fees for its IPL team SunRisers Hyderabad (SRH) of Rs 85.05 crore in FY-15 and FY-16.

  • FY-16: Sun TV revenue up 7.3 percent, PAT up 16.8 percent

    FY-16: Sun TV revenue up 7.3 percent, PAT up 16.8 percent

    BENGALURU: Sun TV Network Limited (Sun TV) reported 7.3 per cent growth in consolidated Total Income from Operations (TIO) and 16.8 percent growth in profit after tax (PAT) for the period ended 31 March 2016 (FY-16, current year) as compared to fiscal FY-15. TIO in FY-16 was Rs 2,569.79 crore as compared to Rs 2,395.38 crore in FY-15. The company’s PAT in the current year was Rs 913.38 crore (35.5 percent PAT margin) in FY-16 and was Rs 782.04 crore (32.6 percent PAT margin) in the previous year.

    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.

    Sun TV consolidated EBIDTA in the current year was Rs 1,774.19 crore (69 percent EBIDTA margin) 5.8 percent higher as compared to Rs 1677.03 crore (70 percent EBIDTA margin) in FY-15.

    Consolidated Total Expenditure (TE) in the current year declined 2.5 percent to Rs 1,300.53 crore (50.6 percent of TIO) as compared to Rs 1,333.45 crore in the previous year.

    Employee Benefits Expense (EBE) in FY-16 increased 15.5 percent to Rs 271.63 crore (10.6 percent of TIO) as compared to Rs 235.08 crore (9.8 percent of TIO) in FY-15.

    Other expenses (OE) in the FY-16 was 13.6 percent higher in FY-16 at Rs 222.07 crore (8.6 percent of TIO) as compared to Rs 195.56 crore (8.2 percent of TIO) in the previous year.

    Standalone quarterly numbers

    For the quarter ended 31 March 2016 (Q4-16, current quarter) Sun TV standalone TIO increased 4 percent year-over-year (y-o-y) to Rs 570.68 crore from Rs 548.58 crore, but declined 0.6 percent quarter-over-quarter (q-o-q) from Rs 574.12 crore.

    Standalone PAT in Q4-16 increased 16.3 percent y-o-y to Rs 236 crore (41.4 percent PAT margin) as compared to Rs 548.48 crore (37 percent PAT margin) and increased 9.5 percent q-o-q from Rs 215.59 crore (37.6 percent PAT margin)

    Standalone EBIDTA in the current quarter increased 0.8 percent y-o-y to Rs 426.58 crore (74.7 percent EBIDTA margin) from Rs 423.26 crore (77.2 percent EBIDTA margin), but declined 3.1 percent q-o-q from Rs 440.44 crore.

    Standalone TE in Q4-16 declined 7.2 percent y-o-y to Rs 244.76 crore (42.9 percent of TIO) from Rs 263.74 crore (48.1 percent of TIO) and declined 8.8 percent q-o-q from Rs 268.43 crore (46.8 percent of TIO).

    Standalone EBE in the current quarter increased 20.8 percent y-o-y to Rs 63.02 crore (11 percent of TIO) from Rs 52.16 crore (9.5 percent of TIO) and increased 7.3 percent q-o-q from Rs 58.73 crore (10.2 percent of TIO)

    Standalone OE in Q4-16 increased 23 percent y-o-y to Rs 34.77 crore (6.1 percent of TIO) from Rs 28.26 crore (5.2 percent of TIO) but declined 1.1 percent q-o-q from Rs 35.16 crore (6.1 percent of TIO).

    Sun TV has paid franchisee fees for its IPL team SunRisers Hyderabad (SRH) of Rs 85.05 crore in FY-15 and FY-16.

  • FY-16: Hathway revenue up 13.7 percent, EBIDTA up 51.7 percent

    FY-16: Hathway revenue up 13.7 percent, EBIDTA up 51.7 percent

    BENGALURU: Indian multi system operator (MSO) Hathway Cable and Datacom Limited (Hathway) reported 13.7 per cent growth in Total Income from operations (TIO) and 51.7 percent growth in operating profits (EBIDTA) for the fiscal ended 31 March 2016 (FY-16, current year). The company reported TIO of Rs 2,081.63 crore in FY-16 as compared to Rs 1,831.60 crore in the previous year. The company’s EBDITA in the current year was Rs 388.69 crore (18.7 percent EBIDTA margin) and was Rs 256.16 crore (14 percent EBIDTA margin) in the previous year. The company narrowed its loss in the current year to Rs 163.13 crore in FY-16 from a loss of Rs 180.45 crore in FY-16.

    High growth in Activation fees and Broadband revenue are chiefly responsible for the improved performance.

    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.

    The company’s broadband segment has been performing very well, as a matter of fact, among the national level MSOs’ Hathway has the highest subscription and revenue numbers among all of them. Hathway says that it has invested Rs 206 crore into its Broadband business in FY-16.

    Hathway’s consolidated broadband subscribers increased 38 percent in FY16 to 6.272 lakh from 4.558 lakh in FY-15. Consolidated broadband revenue in the current year increased 61 percent to Rs 399.3 crore from Rs 247.5 crore in the previous year. Broadband ARPU in the current year increased to Rs 670 from Rs 530 in the previous year.

    Consolidated reported CATV subscription revenue in the current year declined 3.3 percent to Rs 812.7 crore from Rs 840.3 crore in FY-15.

    The company says that it deployed 22 lakh set top boxes in FY-16, 10 lakh of them in the last quarter of FY-16, and it has 1.06 crore CATV digital subscriber’s (87 percent of its subscriber base of 1.23 crore). Its DAS phase I area standalone Average Revenue Per User (ARPU) in the quarter ended 31 March 2016 (Q4-16, current quarter) increased to Rs 105 from Rs 100 in Q4-15. Its standalone DAS phase II area ARPU in Q4-16 increased to Rs 86 from Rs 67 in the corresponding year ago quarter.

    Placement revenue in the current year declined 4 percent to Rs 598.8 crore from Rs 626.9 crore in the previous year.

    Activation revenue almost tripled (2.8 times) in FY-16 to Rs 227.9 crore from Rs 82.4 crore in FY-15.

    Other revenue increased 24 percent in FY-15 to Rs 42.9 crore from Rs 34.6 in the previous year.

    Hathway’s Total Expenditure in FY-16 increased 8.9 percent to Rs 2,072.56 crore (99.6 percent of TIO) from Rs 1,903.38 crore (103.9 percent of TIO) in the previous year.

    Pay channel cost in the current year increased 1 percent to Rs 821.65 crore (39.5 percent of TIO) from Rs 813.13 crore (44.4 percent of TIO) in FY-15.

  • FY-16: Hathway revenue up 13.7 percent, EBIDTA up 51.7 percent

    FY-16: Hathway revenue up 13.7 percent, EBIDTA up 51.7 percent

    BENGALURU: Indian multi system operator (MSO) Hathway Cable and Datacom Limited (Hathway) reported 13.7 per cent growth in Total Income from operations (TIO) and 51.7 percent growth in operating profits (EBIDTA) for the fiscal ended 31 March 2016 (FY-16, current year). The company reported TIO of Rs 2,081.63 crore in FY-16 as compared to Rs 1,831.60 crore in the previous year. The company’s EBDITA in the current year was Rs 388.69 crore (18.7 percent EBIDTA margin) and was Rs 256.16 crore (14 percent EBIDTA margin) in the previous year. The company narrowed its loss in the current year to Rs 163.13 crore in FY-16 from a loss of Rs 180.45 crore in FY-16.

    High growth in Activation fees and Broadband revenue are chiefly responsible for the improved performance.

    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.

    The company’s broadband segment has been performing very well, as a matter of fact, among the national level MSOs’ Hathway has the highest subscription and revenue numbers among all of them. Hathway says that it has invested Rs 206 crore into its Broadband business in FY-16.

    Hathway’s consolidated broadband subscribers increased 38 percent in FY16 to 6.272 lakh from 4.558 lakh in FY-15. Consolidated broadband revenue in the current year increased 61 percent to Rs 399.3 crore from Rs 247.5 crore in the previous year. Broadband ARPU in the current year increased to Rs 670 from Rs 530 in the previous year.

    Consolidated reported CATV subscription revenue in the current year declined 3.3 percent to Rs 812.7 crore from Rs 840.3 crore in FY-15.

    The company says that it deployed 22 lakh set top boxes in FY-16, 10 lakh of them in the last quarter of FY-16, and it has 1.06 crore CATV digital subscriber’s (87 percent of its subscriber base of 1.23 crore). Its DAS phase I area standalone Average Revenue Per User (ARPU) in the quarter ended 31 March 2016 (Q4-16, current quarter) increased to Rs 105 from Rs 100 in Q4-15. Its standalone DAS phase II area ARPU in Q4-16 increased to Rs 86 from Rs 67 in the corresponding year ago quarter.

    Placement revenue in the current year declined 4 percent to Rs 598.8 crore from Rs 626.9 crore in the previous year.

    Activation revenue almost tripled (2.8 times) in FY-16 to Rs 227.9 crore from Rs 82.4 crore in FY-15.

    Other revenue increased 24 percent in FY-15 to Rs 42.9 crore from Rs 34.6 in the previous year.

    Hathway’s Total Expenditure in FY-16 increased 8.9 percent to Rs 2,072.56 crore (99.6 percent of TIO) from Rs 1,903.38 crore (103.9 percent of TIO) in the previous year.

    Pay channel cost in the current year increased 1 percent to Rs 821.65 crore (39.5 percent of TIO) from Rs 813.13 crore (44.4 percent of TIO) in FY-15.