ITV

Category: Financials

  • FY-16: HT Media revenue up 9.6 percent, radio revenue up 17.7 percent

    FY-16: HT Media revenue up 9.6 percent, radio revenue up 17.7 percent

    BENGALURU: HT Media Limited (HT Media) reported 9.6 cent growth in Total Income from Operations (TIO) for the fiscal ended 31 March 2016 (FY-16, current quarter) as compared to FY-15. The company’s radio segment which operates under the brand Radio Fever reported 17.7 percent growth in operating revenue in the current year as compared to the previous year.

    HT Media reported TIO in FY-16 of Rs 2,500.80 crore as compared to 2,281.52 crore in FY-15. Its radio segment reported operating revenue of Rs 116.96 crore (4.7 percent of TIO) in FY-16 as compared to Rs 99.38 crore (4.4 percent of TIO) 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.

    HT Media reported 1.7 percent decline in profit after tax (PAT) of Rs 214.21 crore (8.6 percent PAT margin) in FY-16 as compared to Rs 218.75 crore (9.5 percent PAT margin)

    Operating profit (EBIDTA) in the current year increased 6 percent to Rs 462.20 crore (17.4 percent EBIDTA margin) from Rs 436.06 crore (17.7 percent margin) in the previous year.

    Advertising revenue in FY-16 increased 7.5 percent to Rs 1,980.9 crore from Rs 1,843.6 core in the previous year.

    Circulation revenue in the current year increased 5.6 percent to Rs 300.09 crore from Rs 284.8 crore in FY-15.

    Other revenue increased 13.5 percent in FY-16 to Rs 373.3 crore from Rs 328.9 crore in FY-15.

    Segment revenue

    Printing and Publishing of Newspapers and Periodicals (Printing) segment reported 7.7 percent growth in operating revenue at Rs 2,239.71 crore in the current year from Rs 2,080.15 crore in FY-15. The segment’s operating profit increased 21.2 percent in FY-16 to Rs 329.69 crore from Rs 272.01 crore in the previous year.

    HT Media’s radio segment revenue has been mentioned above. The segment reported a 31.2 percent decline in operating profit due to the launch of a new radio station. Operating profit in FY-16 was Rs 20.10 crore as compared to Rs Rs 29.21 crore in the previous year.

    Digital segment reported 35.1 percent growth in FY-16 to Rs 140.32 crore from Rs 103.90 crore in FY-15.

    The Board of Directors at their meeting on May 26, 2016 have recommended a dividend of Rs. 0.40 per equity share of Rs. 2 each; translating to 20% of face value.  Dividend for the year amounted to Rs. 13 crore million (including Dividend Distribution Tax).

    Company speak

    HT Media chairperson and editorial director Shobana Bhartia said, “All our businesses grew in the quarter and we are happy to close the year on a positive note. The Hindi business outperformed the market and we witnessed the return of growth in the English business”

    Our new businesses are doing well. HT Mumbai has established itself as a clear alternative in India’s commercial capital. We launched Radio Nasha 107.2 in Delhi, becoming the only radio business in the region with two stations. Our digital business showed significant revenue growth and has reduced its losses.”

    “This year is rich with opportunities to expand our reach and offerings. We believe we are well placed to tap these and that our innovative strategies, prudent and timely investments, and world-class execution will continue to differentiate us from the competition”

  • FY-16: HT Media revenue up 9.6 percent, radio revenue up 17.7 percent

    FY-16: HT Media revenue up 9.6 percent, radio revenue up 17.7 percent

    BENGALURU: HT Media Limited (HT Media) reported 9.6 cent growth in Total Income from Operations (TIO) for the fiscal ended 31 March 2016 (FY-16, current quarter) as compared to FY-15. The company’s radio segment which operates under the brand Radio Fever reported 17.7 percent growth in operating revenue in the current year as compared to the previous year.

    HT Media reported TIO in FY-16 of Rs 2,500.80 crore as compared to 2,281.52 crore in FY-15. Its radio segment reported operating revenue of Rs 116.96 crore (4.7 percent of TIO) in FY-16 as compared to Rs 99.38 crore (4.4 percent of TIO) 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.

    HT Media reported 1.7 percent decline in profit after tax (PAT) of Rs 214.21 crore (8.6 percent PAT margin) in FY-16 as compared to Rs 218.75 crore (9.5 percent PAT margin)

    Operating profit (EBIDTA) in the current year increased 6 percent to Rs 462.20 crore (17.4 percent EBIDTA margin) from Rs 436.06 crore (17.7 percent margin) in the previous year.

    Advertising revenue in FY-16 increased 7.5 percent to Rs 1,980.9 crore from Rs 1,843.6 core in the previous year.

    Circulation revenue in the current year increased 5.6 percent to Rs 300.09 crore from Rs 284.8 crore in FY-15.

    Other revenue increased 13.5 percent in FY-16 to Rs 373.3 crore from Rs 328.9 crore in FY-15.

    Segment revenue

    Printing and Publishing of Newspapers and Periodicals (Printing) segment reported 7.7 percent growth in operating revenue at Rs 2,239.71 crore in the current year from Rs 2,080.15 crore in FY-15. The segment’s operating profit increased 21.2 percent in FY-16 to Rs 329.69 crore from Rs 272.01 crore in the previous year.

    HT Media’s radio segment revenue has been mentioned above. The segment reported a 31.2 percent decline in operating profit due to the launch of a new radio station. Operating profit in FY-16 was Rs 20.10 crore as compared to Rs Rs 29.21 crore in the previous year.

    Digital segment reported 35.1 percent growth in FY-16 to Rs 140.32 crore from Rs 103.90 crore in FY-15.

    The Board of Directors at their meeting on May 26, 2016 have recommended a dividend of Rs. 0.40 per equity share of Rs. 2 each; translating to 20% of face value.  Dividend for the year amounted to Rs. 13 crore million (including Dividend Distribution Tax).

    Company speak

    HT Media chairperson and editorial director Shobana Bhartia said, “All our businesses grew in the quarter and we are happy to close the year on a positive note. The Hindi business outperformed the market and we witnessed the return of growth in the English business”

    Our new businesses are doing well. HT Mumbai has established itself as a clear alternative in India’s commercial capital. We launched Radio Nasha 107.2 in Delhi, becoming the only radio business in the region with two stations. Our digital business showed significant revenue growth and has reduced its losses.”

    “This year is rich with opportunities to expand our reach and offerings. We believe we are well placed to tap these and that our innovative strategies, prudent and timely investments, and world-class execution will continue to differentiate us from the competition”

  • FY-16: TV Today revenue up 14.6 percent; PAT up 16 percent

    FY-16: TV Today revenue up 14.6 percent; PAT up 16 percent

    BENGALURU: TV Today Network Limited (TVTN) reported 14.6 percent increase in consolidated revenue (consolidated total income from operations, consolidated TIO) for the year ended 31 March 2016 (FY-16, current) as compared to the previous year. The company’s consolidated Profit after Tax (PAT) increased 16 percent in FY-16. TVTN reported consolidated TIO of Rs 546.01 crore in FY-16 and Rs 476.58 crore in FY-15. PAT in the current year was Rs 95.04 crore (17.2 percent PAT margin) as compared to Rs 81.03 crore (17 percent PAT margin) 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.

    The company’s total expenditure in the current year increased 14.8 percent to Rs 430.25 crore (78.8 percent of TIO) from Rs 374.91 crore (78.7 percent of TIO) in the previous year.

    Simple EBIDTA increased 11.1 percent to Rs 146.33 crore (26.8 percent EBIDTA margin) from Rs 131.70 crore (26.7 percent EBIDTA margin) if FY-15.

    TVTN’s advertising, distribution and sales promotion (ad expense) in FY-16 increased 17.5 percent to Rs 119.52 crore (21.9 percent of TIO) from Rs 101.75 crore (21.3 percent of TIO) in FY-15.

    The TVTN board has recommended a final dividend @ 35 percent on the paid-up capital of the company, i.e., Rs 1.75 per share of Rs 5/- each for FY-16 subject to the approval of shareholders at the ensuing Annual General Meeting (AGM) of the company.

     

  • FY-16: TV Today revenue up 14.6 percent; PAT up 16 percent

    FY-16: TV Today revenue up 14.6 percent; PAT up 16 percent

    BENGALURU: TV Today Network Limited (TVTN) reported 14.6 percent increase in consolidated revenue (consolidated total income from operations, consolidated TIO) for the year ended 31 March 2016 (FY-16, current) as compared to the previous year. The company’s consolidated Profit after Tax (PAT) increased 16 percent in FY-16. TVTN reported consolidated TIO of Rs 546.01 crore in FY-16 and Rs 476.58 crore in FY-15. PAT in the current year was Rs 95.04 crore (17.2 percent PAT margin) as compared to Rs 81.03 crore (17 percent PAT margin) 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.

    The company’s total expenditure in the current year increased 14.8 percent to Rs 430.25 crore (78.8 percent of TIO) from Rs 374.91 crore (78.7 percent of TIO) in the previous year.

    Simple EBIDTA increased 11.1 percent to Rs 146.33 crore (26.8 percent EBIDTA margin) from Rs 131.70 crore (26.7 percent EBIDTA margin) if FY-15.

    TVTN’s advertising, distribution and sales promotion (ad expense) in FY-16 increased 17.5 percent to Rs 119.52 crore (21.9 percent of TIO) from Rs 101.75 crore (21.3 percent of TIO) in FY-15.

    The TVTN board has recommended a final dividend @ 35 percent on the paid-up capital of the company, i.e., Rs 1.75 per share of Rs 5/- each for FY-16 subject to the approval of shareholders at the ensuing Annual General Meeting (AGM) of the company.

     

  • FY-16: Siti Cable revenue up 29.4 percent, EBIDTA up 92 percent

    FY-16: Siti Cable revenue up 29.4 percent, EBIDTA up 92 percent

    BENGALURU: Siti Cable Network Limited (Siti Cable) reported 29.4 percent growth in total revenue (including other revenue) for the fiscal ended 31 March 2016 (FY-16, current fiscal). The company reported total revenue of Rs 1213 crore in FY-16 as compared to Rs 937 crore in the previous year. Operating profit (EBIDTA) in the current year increased to Rs 323 crore as compare to Rs 168.4 crore in FY-15.

    Siti Cable has reported a Profitable Turnaround for the first time in it’s history. Neglecting the impact of minority interest, Siti Cables profit after tax in the current year was Rs 6.84 crore as compared to a loss (without factoring in minority interest) of Rs 101.88 crore in FY-15.The company’s loss in the current year declined to Rs 1.71 crore from a loss of Rs 109.10 crore in FY-15. Siti Cable reported Profit before Tax (PBT) at Rs 22 crores in FY16 as compared to a negative PBT of Rs 85.2 crore..

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

    Expenditure in the current year increased 15.8 percent to Rs 890 crore from Rs 768.6 crore in FY-15. Finance cost was up 14 percent in FY-16 at Rs 137.8 crore (11.4 percent of total revenue) as compared to Rs 120.9 crore (12.9 percent of total revenue) in FY-15.

    FY-16 revenue breakup

    DAS Phase III has been a boon for the television carriage industry. Siti Cable’s Activation revenue for FY-16 more than tripled (3.4 times) to Rs 213.5 crore (~ 18 percent of total revenue) from Rs 62.4 crore (~ 7 percent of total revenue).

    Subscription revenue in FY-16 increased 5.6 percent to Rs 561.2 crore (~46 percent of total revenue) from Rs 531.3 crore (56.7 percent of total revenue) in FY-15.

    Carriage revenue for FY-16 increased 3.3 percent to Rs 257.1 crore (21.2 percent of total revenue) as compared to Rs 249 crore (26.6 percent of total revenue) in FY-15.

    Broadband revenue in the current year increased 80.8 percent to Rs 48.1 crore (4 percent of total revenue) from Rs 26.6 crore (2.8 percent of total revenue) in FY-15.

    Subscription numbers

    Siti Cable’s cable subscribers in FY-16 grew to 1.22 crore from 1.05 crore reported at the end of FY-15. The growth happened in Q3-16.

    Digital subscribers in FY-16 increased to 79 lakh (64.8 percent of cable subscribers) as compared to 53.8 lakh in FY-15 (51.2 percent of cable subscribers). Digital subscribers in the quarter ended 31 March 2016 (Q4-16, current quarter) increased by 11 lakh to 79 lakh as compared to 68 lakh in Q3-16.

    Broadband subscribers in FY-16 grew 93.3 percent to1.355 lakh from 0.701 lakh in FY-15. Broadband subscribers in Q3-16 were 1.07 lakh.

    Let us look at the other numbers for Q4-16

    Total revenue in Q4-16 increased 30.9 percent year-over-year (y-o-y) to Rs 364.8 crore as compared to Rs 278.7 crore, but declined 2.7 percent from Rs 374.8 crore in Q3-15.

    Activation revenue in Q4-16 almost quadrupled (3.71 times) y-o-y at Rs 78.2 crore as compared to Rs 21.1 crore, but declined 25.5 percent (quarter-over-quarter) q-o-q from Rs 105 crore.

    Subscription revenue in Q4-16 increased 3.9 percent y-o-y to Rs 147.9 crore from Rs 142.4 crore and increased 1.4 percent q-o-q from Rs 145.8 crore.

    Carriage revenue in the current quarter declined 13.7 percent y-o-y to Rs 63.4 crore as compared to Rs 73.5 crore, but increased 4.8 percent q-o-q from Rs 60.5 crore.

    Broadband revenue in Q4-16 more than doubled (2.01 times) y-o-y to Rs 15.9 crore from Rs 7.9 crore and increased 14.4 percent q-o-q from Rs 13.9 crore.

    Company speak

    Siti Cable executive director & CEO, SITI Cable V D Wadhwa said, “Our strategy of tighter control on cost lines and improving monetization has started yielding results and the company’s profitable turn-around, first time in 20 years, is a testament to that. We continue on our journey of being the fastest growing company in Cable and Broadband by expanding the breadth & width of our distribution. As a part of our strategy, we are working on gaining Industry leadership through organic and inorganic growth.

    Our growth story was recognized not only by the promoters who increased their stake, but also by independent agencies like ICRA who upgraded the long term rating of SITI Cable to [ICRA]A- from [ICRA]BB+. Morgan Stanley Capital International (MSCI) will also be including SITI Cable as constituent of their India Domestic Small Cap Index with effect from 31st May 2016. Having expanded in DAS Phase 3, our biggest challenge in FY17 will be monetization. We are well positioned to scale up our Broadband operations aggressively in new geographies in FY17.”

  • FY-16: Siti Cable revenue up 29.4 percent, EBIDTA up 92 percent

    FY-16: Siti Cable revenue up 29.4 percent, EBIDTA up 92 percent

    BENGALURU: Siti Cable Network Limited (Siti Cable) reported 29.4 percent growth in total revenue (including other revenue) for the fiscal ended 31 March 2016 (FY-16, current fiscal). The company reported total revenue of Rs 1213 crore in FY-16 as compared to Rs 937 crore in the previous year. Operating profit (EBIDTA) in the current year increased to Rs 323 crore as compare to Rs 168.4 crore in FY-15.

    Siti Cable has reported a Profitable Turnaround for the first time in it’s history. Neglecting the impact of minority interest, Siti Cables profit after tax in the current year was Rs 6.84 crore as compared to a loss (without factoring in minority interest) of Rs 101.88 crore in FY-15.The company’s loss in the current year declined to Rs 1.71 crore from a loss of Rs 109.10 crore in FY-15. Siti Cable reported Profit before Tax (PBT) at Rs 22 crores in FY16 as compared to a negative PBT of Rs 85.2 crore..

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

    Expenditure in the current year increased 15.8 percent to Rs 890 crore from Rs 768.6 crore in FY-15. Finance cost was up 14 percent in FY-16 at Rs 137.8 crore (11.4 percent of total revenue) as compared to Rs 120.9 crore (12.9 percent of total revenue) in FY-15.

    FY-16 revenue breakup

    DAS Phase III has been a boon for the television carriage industry. Siti Cable’s Activation revenue for FY-16 more than tripled (3.4 times) to Rs 213.5 crore (~ 18 percent of total revenue) from Rs 62.4 crore (~ 7 percent of total revenue).

    Subscription revenue in FY-16 increased 5.6 percent to Rs 561.2 crore (~46 percent of total revenue) from Rs 531.3 crore (56.7 percent of total revenue) in FY-15.

    Carriage revenue for FY-16 increased 3.3 percent to Rs 257.1 crore (21.2 percent of total revenue) as compared to Rs 249 crore (26.6 percent of total revenue) in FY-15.

    Broadband revenue in the current year increased 80.8 percent to Rs 48.1 crore (4 percent of total revenue) from Rs 26.6 crore (2.8 percent of total revenue) in FY-15.

    Subscription numbers

    Siti Cable’s cable subscribers in FY-16 grew to 1.22 crore from 1.05 crore reported at the end of FY-15. The growth happened in Q3-16.

    Digital subscribers in FY-16 increased to 79 lakh (64.8 percent of cable subscribers) as compared to 53.8 lakh in FY-15 (51.2 percent of cable subscribers). Digital subscribers in the quarter ended 31 March 2016 (Q4-16, current quarter) increased by 11 lakh to 79 lakh as compared to 68 lakh in Q3-16.

    Broadband subscribers in FY-16 grew 93.3 percent to1.355 lakh from 0.701 lakh in FY-15. Broadband subscribers in Q3-16 were 1.07 lakh.

    Let us look at the other numbers for Q4-16

    Total revenue in Q4-16 increased 30.9 percent year-over-year (y-o-y) to Rs 364.8 crore as compared to Rs 278.7 crore, but declined 2.7 percent from Rs 374.8 crore in Q3-15.

    Activation revenue in Q4-16 almost quadrupled (3.71 times) y-o-y at Rs 78.2 crore as compared to Rs 21.1 crore, but declined 25.5 percent (quarter-over-quarter) q-o-q from Rs 105 crore.

    Subscription revenue in Q4-16 increased 3.9 percent y-o-y to Rs 147.9 crore from Rs 142.4 crore and increased 1.4 percent q-o-q from Rs 145.8 crore.

    Carriage revenue in the current quarter declined 13.7 percent y-o-y to Rs 63.4 crore as compared to Rs 73.5 crore, but increased 4.8 percent q-o-q from Rs 60.5 crore.

    Broadband revenue in Q4-16 more than doubled (2.01 times) y-o-y to Rs 15.9 crore from Rs 7.9 crore and increased 14.4 percent q-o-q from Rs 13.9 crore.

    Company speak

    Siti Cable executive director & CEO, SITI Cable V D Wadhwa said, “Our strategy of tighter control on cost lines and improving monetization has started yielding results and the company’s profitable turn-around, first time in 20 years, is a testament to that. We continue on our journey of being the fastest growing company in Cable and Broadband by expanding the breadth & width of our distribution. As a part of our strategy, we are working on gaining Industry leadership through organic and inorganic growth.

    Our growth story was recognized not only by the promoters who increased their stake, but also by independent agencies like ICRA who upgraded the long term rating of SITI Cable to [ICRA]A- from [ICRA]BB+. Morgan Stanley Capital International (MSCI) will also be including SITI Cable as constituent of their India Domestic Small Cap Index with effect from 31st May 2016. Having expanded in DAS Phase 3, our biggest challenge in FY17 will be monetization. We are well positioned to scale up our Broadband operations aggressively in new geographies in FY17.”

  • FY-16: Zee Media board proposes 15 percent dividend

    FY-16: Zee Media board proposes 15 percent dividend

    BENGALURU: The board of Zee Media Corporation Limited (ZMCL), the erstwhile Zee News Limited has recommended payment of equity dividend of Re. 0.15/- per equity share of Re. 1/- each (equivalent to 15 percent on the paid up equity capital), to the equity shareholders for the year ended 31 March 2016 (FY-16, current year). Despite almost flat standalone (up by 0.9 percent) revenue in FY-16 as compared to FY-15, the company has reported more than triple the stand alone profit at Rs 18.75 crore (4.9 percent PAT margin) as compared to Rs 6.17 crore (1.6 percent margin). The company has reported a drop in expenses for the current year as compared to the previous year.

    ZMCL reported standalone total income from operations (revenue, TIO) of Rs 383.61 crore in FY-16 as compared to Rs 380.33 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.

    The ZMCL board also took on record the resignation of Subhash Chandra as director and non-executive chairman of the company with effect from May 24, 2016; and

    The ZMCL boards has, based on recommendations of nomination and remuneration committee, approved appointment of R K Arora, CEO as an additional director and upon such appointment, his appointment as an executive director & CEO of the Company for a period of 3 years with effect from May 24, 2016.

    Let us look at the other numbers reported by ZMCL

    On a consolidated basis, TIO declined marginally by 0.3 percent to Rs 542.91 crore in the current fiscal from Rs 544.33 crore in FY-15. The company reported consolidated profit before tax (PBT) of Rs 2.87 crore in the current year as compared to a consolidated loss before tax of Rs 55.51 crore in FY-15.

    Revenue from ZMCL’s Television segment in FY-16 increased 3 percent to Rs 434.59 crore from Rs 422.12 crore in FY-15. ZMCL’s Television segment reported EBIDTA of Rs 79.99 crore in the current year as compared to Rs 59.57 crore in the previous year.

    Revenue from the print segment declined 24.4 percent to Rs 108.53 crore in FY-16 from Rs 143.62 crore in FY-15. Print segment reported an operating loss of Rs 0.2 crore as compared to an operating loss of Rs 21.41 crore in FY-15.

    ZMCL’s advertising revenue in FY-16 increased 1.8 percent to 401.15 crore from Rs 393.88 crore in FY-15. Advertising revenue from existing television channels in FY-16 increased 1.3 percent to Rs 302.12 crore as compared to Rs 296.74 crore in FY-15. Advertising revenue from new channels in FY-16 more than doubled (2.02 times) to Rs 29.71 crore from Rs 13.81 crore in FY-15.

    Subscription revenue in the current year declined 9.8 percent to Rs 102.39 crore from Rs 113.54 crore in the previous year. Other sales and services revenue in FY-16 increased 6.7 percent to Rs 39.37 crore as compared to Rs 36.91 crore in FY-15.

    Total consolidated expense in FY-16 declined 8.1 percent to Rs 465.12 crore from Rs 506.17 crore.

    Cost of goods and operations in FY-16 declined 15.8 percent to Rs 132.87 crore from Rs 157.90 crore. Employee cost in the current year declined 8.3 percent to Rs 147.35 crore from Rs 160.66 crore in FY-15. Other expenses declined 1.4 percent to Rs 184.90 crore in FY-15 from Rs 187.61 crore in the previous year.

    Company speak

    ZMCL executive director and CEO RK Arora said: “The Indian economy continues to outperform other major economies of the world. Forecast for a good monsoon season is expected to further fuel the growth. With the macroeconomic environment promising a bright future, the media and entertainment industry is expected to use the emerging opportunities – increased ad spends – to chart a robust growth path. We at ZMCL have adopted a three pronged approach for innovation and growth. For our advertisers, we are constantly bringing out new innovations to maximize their return on investment. For our audience, our endeavor is to provide differentiated, innovative, and positive news content which cuts through the morass of the market. For our shareholders, we are constantly striving to use technology and enhance processes to establish industry benchmarks. Our significantly improved profit margins point towards the success we have achieved in our endeavours.”

     

  • FY-16: Zee Media board proposes 15 percent dividend

    FY-16: Zee Media board proposes 15 percent dividend

    BENGALURU: The board of Zee Media Corporation Limited (ZMCL), the erstwhile Zee News Limited has recommended payment of equity dividend of Re. 0.15/- per equity share of Re. 1/- each (equivalent to 15 percent on the paid up equity capital), to the equity shareholders for the year ended 31 March 2016 (FY-16, current year). Despite almost flat standalone (up by 0.9 percent) revenue in FY-16 as compared to FY-15, the company has reported more than triple the stand alone profit at Rs 18.75 crore (4.9 percent PAT margin) as compared to Rs 6.17 crore (1.6 percent margin). The company has reported a drop in expenses for the current year as compared to the previous year.

    ZMCL reported standalone total income from operations (revenue, TIO) of Rs 383.61 crore in FY-16 as compared to Rs 380.33 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.

    The ZMCL board also took on record the resignation of Subhash Chandra as director and non-executive chairman of the company with effect from May 24, 2016; and

    The ZMCL boards has, based on recommendations of nomination and remuneration committee, approved appointment of R K Arora, CEO as an additional director and upon such appointment, his appointment as an executive director & CEO of the Company for a period of 3 years with effect from May 24, 2016.

    Let us look at the other numbers reported by ZMCL

    On a consolidated basis, TIO declined marginally by 0.3 percent to Rs 542.91 crore in the current fiscal from Rs 544.33 crore in FY-15. The company reported consolidated profit before tax (PBT) of Rs 2.87 crore in the current year as compared to a consolidated loss before tax of Rs 55.51 crore in FY-15.

    Revenue from ZMCL’s Television segment in FY-16 increased 3 percent to Rs 434.59 crore from Rs 422.12 crore in FY-15. ZMCL’s Television segment reported EBIDTA of Rs 79.99 crore in the current year as compared to Rs 59.57 crore in the previous year.

    Revenue from the print segment declined 24.4 percent to Rs 108.53 crore in FY-16 from Rs 143.62 crore in FY-15. Print segment reported an operating loss of Rs 0.2 crore as compared to an operating loss of Rs 21.41 crore in FY-15.

    ZMCL’s advertising revenue in FY-16 increased 1.8 percent to 401.15 crore from Rs 393.88 crore in FY-15. Advertising revenue from existing television channels in FY-16 increased 1.3 percent to Rs 302.12 crore as compared to Rs 296.74 crore in FY-15. Advertising revenue from new channels in FY-16 more than doubled (2.02 times) to Rs 29.71 crore from Rs 13.81 crore in FY-15.

    Subscription revenue in the current year declined 9.8 percent to Rs 102.39 crore from Rs 113.54 crore in the previous year. Other sales and services revenue in FY-16 increased 6.7 percent to Rs 39.37 crore as compared to Rs 36.91 crore in FY-15.

    Total consolidated expense in FY-16 declined 8.1 percent to Rs 465.12 crore from Rs 506.17 crore.

    Cost of goods and operations in FY-16 declined 15.8 percent to Rs 132.87 crore from Rs 157.90 crore. Employee cost in the current year declined 8.3 percent to Rs 147.35 crore from Rs 160.66 crore in FY-15. Other expenses declined 1.4 percent to Rs 184.90 crore in FY-15 from Rs 187.61 crore in the previous year.

    Company speak

    ZMCL executive director and CEO RK Arora said: “The Indian economy continues to outperform other major economies of the world. Forecast for a good monsoon season is expected to further fuel the growth. With the macroeconomic environment promising a bright future, the media and entertainment industry is expected to use the emerging opportunities – increased ad spends – to chart a robust growth path. We at ZMCL have adopted a three pronged approach for innovation and growth. For our advertisers, we are constantly bringing out new innovations to maximize their return on investment. For our audience, our endeavor is to provide differentiated, innovative, and positive news content which cuts through the morass of the market. For our shareholders, we are constantly striving to use technology and enhance processes to establish industry benchmarks. Our significantly improved profit margins point towards the success we have achieved in our endeavours.”

     

  • FY-16: Videocon d2h adds 16.8 lakh subs, Op Profit up 32.5 percent

    FY-16: Videocon d2h adds 16.8 lakh subs, Op Profit up 32.5 percent

    BENGALURU: Videocon d2h Limited (Videocon d2h) led by executive chairman Saurabh Dhoot reported 16.8 lakh net subscriber additions during the year ended 31 March 2016 (FY-16, current year). The company reported a subscriber base of 118.6 lakh at the end of the current year as compared to 101.8 at the end of the previous fiscal (FY-15), hence a growth of 16.5 percent in FY-16 as compared to FY-15. Gross subscribers increased by 26.5 lakh in FY-16. Incremental subscriber churn in the current year reduced by 7 basis points to 0.73 percent as compared to 0.80 percent in FY-16.The company claims to have added the largest number of subscribers amongst its peers in India for the sixth year in a row in FY-16.

    Videocon d2h reported simple EBIDTA (Operating Profit, Earnings before Interest-Depreciation-Tax-Amortisation) of Rs 789.52 crore (EBIDTA margin of 27.6 percent) for FY-16 which was 32.5 percent more than the Rs 595.64 crore (25.5 percent EBIDTA margin) in FY-16.

    Revenue in the current year increased 22.2 percent to Rs 2,855.86 crore from Rs 2,337.71 crore in the previous year. Subscription and Activation revenue in FY-16 grew 26.4 percent to Rs 2,607 crore compared to Rs 2,063 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.

    Average Revenue per User (ARPU) in FY-16 increased by Rs 11 from Rs 196 in the previous year to Rs 207 in FY-16.

    The DTH major reported a lower loss in FY-16 at Rs 92.21 crore as compared to a loss of Rs 272.66 crore in FY-15.

    Total Expenditure (TE) in FY-16 increased 17.8 percent to Rs 2,675.19 crore (93.7 percent of revenue) from Rs 2,270.75 crore (97.1 percent of revenue) in FY-15.

    Videocon d2h reported higher content costs for FY-16, which increased to 37.8 percent of revenue as compare to 36.2 percent of revenue in the previous year.

    Fourth Quarter of 2016 numbers

    The fourth quarter – quarter ended 31 March 2016 (Q4-16, current quarter), has been a great quarter for the company in terms of financial and operational performance.

    For Q4-16 Videocon d2h added 5.9 lakh net subscribers. The company reported 5.2 percent quarter-over-quarter (q-o-q) growth in subscribers for Q4-16 at 118.6 lakh as compared to 112.7 lakh in the immediate trailing quarter Q3-16. Gross subscribers increased by 7.9 lakh in Q4-16. Incremental subscriber churn in Q4-16 increased 16 basis points to 0.58 percent year-over-year (y-o-y) from 0.42 percent but declined 15 basis points q-o-q from 0.73 percent.

    Simple EBIDTA in the current quarter increased 33.7 percent y-o-y to Rs 216.20 crore (28 percent EBIDTA margin) from Rs 161.71 crore (25.9 percent margin) and increased 9.4 percent q-o-q from Rs 197.71 crore.

    Subscription and activation revenue in the current quarter grew 20.9 percent y-o-y to Rs 706 crore and grew 6.2 percent q-o-q from Rs 665 crore. SAC in the form of hardware subsidies at Rs 1,776 per subscriber during Q4-16 was higher than the Rs 1,726 in the immediate trailing quarter. SAC in FY-15 averaged Rs 1,984

    ARPU in the current quarter increased by Rs 12 y-o-y from Rs 202 in the corresponding year ago quarter to Rs 214 in Q4-16. ARPU in Q4-16 increased q-o-q by Rs 3 from Rs 211 in Q3-16.

    Videocon d2h reported lower y-o-y and q-o-q loss in Q4-16. Loss in the current quarter declined to Rs 21.18 crore as compared to a loss of Rs 75.74 crore in the corresponding year ago quarter and a loss of Rs 22.05 crore in the immediate trailing quarter.

    TE in Q4-16 increased 19.4 percent y-o-y to Rs 721.77 crore (93.6 percent of revenue) from Rs 605.55 crore (96.7 percent of revenue) and increased 5.4 percent q-o-q from Rs 684.58 crore (93.6 percent of revenue)

    Content cost in Q4-16 was lower in terms of percentage of revenue at 37.5 percent as compared to 38.4 percent in Q4-15 and 38.5 in Q3-16.

    Company speak

    Videocon d2h executive chairman Dhoot said, “Fiscal 2016 has been a landmark year for Videocon d2h, as it was the first fiscal year after our NASDAQ listing, and it has been a great journey. I am delighted to share that our strong net subscriber additions, rising revenue realization and operating leverage benefit resulted in 31.5 percent Adjusted EBITDA growth for fiscal 2016, in spite of increases in service tax rates and the implementation of a new ‘clean India initiative’ tax during the year.”

    “During the year, we accomplished numerous technological advancements, such as the development of HD Smart Connect Set Top Box, our new connected set-top box which allows customers to view normal DTH services as well as internet and over-the-top content and applications. This development demonstrates our expertise and innovation in creation, delivery and execution of technologically advanced products,” revealed Dhoot.

    Speaking on the business outlook for the DTH sector, Videocon d2h CEO Anil Khera said “There have been a series of industry developments in fiscal 2016, which we believe will provide for growth opportunities in the DTH sector in India. The implementation of Phase III digitization of the Digital Addressable Cable TV System program of the government of India that began in January 2016 was an example of such a development. It led to a surge in new subscriber additions for various distribution platforms. While the momentum slowed down as many state high courts issued a temporary stay order against digitization, we are still seeing higher subscriber additions from Phase III markets as compared to previous years.”

    “In addition, the deadline for Phase IV digitization is December 31, 2016, which we believe covers approximately 80 million (8 crore) television homes,” added Khera.

  • FY-16: Videocon d2h adds 16.8 lakh subs, Op Profit up 32.5 percent

    FY-16: Videocon d2h adds 16.8 lakh subs, Op Profit up 32.5 percent

    BENGALURU: Videocon d2h Limited (Videocon d2h) led by executive chairman Saurabh Dhoot reported 16.8 lakh net subscriber additions during the year ended 31 March 2016 (FY-16, current year). The company reported a subscriber base of 118.6 lakh at the end of the current year as compared to 101.8 at the end of the previous fiscal (FY-15), hence a growth of 16.5 percent in FY-16 as compared to FY-15. Gross subscribers increased by 26.5 lakh in FY-16. Incremental subscriber churn in the current year reduced by 7 basis points to 0.73 percent as compared to 0.80 percent in FY-16.The company claims to have added the largest number of subscribers amongst its peers in India for the sixth year in a row in FY-16.

    Videocon d2h reported simple EBIDTA (Operating Profit, Earnings before Interest-Depreciation-Tax-Amortisation) of Rs 789.52 crore (EBIDTA margin of 27.6 percent) for FY-16 which was 32.5 percent more than the Rs 595.64 crore (25.5 percent EBIDTA margin) in FY-16.

    Revenue in the current year increased 22.2 percent to Rs 2,855.86 crore from Rs 2,337.71 crore in the previous year. Subscription and Activation revenue in FY-16 grew 26.4 percent to Rs 2,607 crore compared to Rs 2,063 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.

    Average Revenue per User (ARPU) in FY-16 increased by Rs 11 from Rs 196 in the previous year to Rs 207 in FY-16.

    The DTH major reported a lower loss in FY-16 at Rs 92.21 crore as compared to a loss of Rs 272.66 crore in FY-15.

    Total Expenditure (TE) in FY-16 increased 17.8 percent to Rs 2,675.19 crore (93.7 percent of revenue) from Rs 2,270.75 crore (97.1 percent of revenue) in FY-15.

    Videocon d2h reported higher content costs for FY-16, which increased to 37.8 percent of revenue as compare to 36.2 percent of revenue in the previous year.

    Fourth Quarter of 2016 numbers

    The fourth quarter – quarter ended 31 March 2016 (Q4-16, current quarter), has been a great quarter for the company in terms of financial and operational performance.

    For Q4-16 Videocon d2h added 5.9 lakh net subscribers. The company reported 5.2 percent quarter-over-quarter (q-o-q) growth in subscribers for Q4-16 at 118.6 lakh as compared to 112.7 lakh in the immediate trailing quarter Q3-16. Gross subscribers increased by 7.9 lakh in Q4-16. Incremental subscriber churn in Q4-16 increased 16 basis points to 0.58 percent year-over-year (y-o-y) from 0.42 percent but declined 15 basis points q-o-q from 0.73 percent.

    Simple EBIDTA in the current quarter increased 33.7 percent y-o-y to Rs 216.20 crore (28 percent EBIDTA margin) from Rs 161.71 crore (25.9 percent margin) and increased 9.4 percent q-o-q from Rs 197.71 crore.

    Subscription and activation revenue in the current quarter grew 20.9 percent y-o-y to Rs 706 crore and grew 6.2 percent q-o-q from Rs 665 crore. SAC in the form of hardware subsidies at Rs 1,776 per subscriber during Q4-16 was higher than the Rs 1,726 in the immediate trailing quarter. SAC in FY-15 averaged Rs 1,984

    ARPU in the current quarter increased by Rs 12 y-o-y from Rs 202 in the corresponding year ago quarter to Rs 214 in Q4-16. ARPU in Q4-16 increased q-o-q by Rs 3 from Rs 211 in Q3-16.

    Videocon d2h reported lower y-o-y and q-o-q loss in Q4-16. Loss in the current quarter declined to Rs 21.18 crore as compared to a loss of Rs 75.74 crore in the corresponding year ago quarter and a loss of Rs 22.05 crore in the immediate trailing quarter.

    TE in Q4-16 increased 19.4 percent y-o-y to Rs 721.77 crore (93.6 percent of revenue) from Rs 605.55 crore (96.7 percent of revenue) and increased 5.4 percent q-o-q from Rs 684.58 crore (93.6 percent of revenue)

    Content cost in Q4-16 was lower in terms of percentage of revenue at 37.5 percent as compared to 38.4 percent in Q4-15 and 38.5 in Q3-16.

    Company speak

    Videocon d2h executive chairman Dhoot said, “Fiscal 2016 has been a landmark year for Videocon d2h, as it was the first fiscal year after our NASDAQ listing, and it has been a great journey. I am delighted to share that our strong net subscriber additions, rising revenue realization and operating leverage benefit resulted in 31.5 percent Adjusted EBITDA growth for fiscal 2016, in spite of increases in service tax rates and the implementation of a new ‘clean India initiative’ tax during the year.”

    “During the year, we accomplished numerous technological advancements, such as the development of HD Smart Connect Set Top Box, our new connected set-top box which allows customers to view normal DTH services as well as internet and over-the-top content and applications. This development demonstrates our expertise and innovation in creation, delivery and execution of technologically advanced products,” revealed Dhoot.

    Speaking on the business outlook for the DTH sector, Videocon d2h CEO Anil Khera said “There have been a series of industry developments in fiscal 2016, which we believe will provide for growth opportunities in the DTH sector in India. The implementation of Phase III digitization of the Digital Addressable Cable TV System program of the government of India that began in January 2016 was an example of such a development. It led to a surge in new subscriber additions for various distribution platforms. While the momentum slowed down as many state high courts issued a temporary stay order against digitization, we are still seeing higher subscriber additions from Phase III markets as compared to previous years.”

    “In addition, the deadline for Phase IV digitization is December 31, 2016, which we believe covers approximately 80 million (8 crore) television homes,” added Khera.