Category: Financials

FY-16: DB Corp revenue up marginally, My FM revenue up 12 percent

BENGALURU: DB Corp Limited (DB Corp), home to flagship newspapers Dainik Bhaskar, Divya Bhaskar, Dainik Divya Marathi and Saurashtra Samachar reported 2.1 percent increase in Total Income from operations (TIO) for the year ended 31 March 2016 (FY-16, current year). The company reported consolidated revenue of Rs 2,051.87 crore in FY-16 as compared to Rs 2,009.57 crore in the previous fiscal.

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.

For the quarter ended 31 March 2016 (Q4-16, current quarter) TIO increased 5.6 percent year-over-year (y-o-y) to Rs 514.28 crore as compared to Rs 485.60 crore, but declined 12.2 percent quarter-over-quarter (q-o-q) from Rs 585.89 crore.

DB Corp’s PAT in the current year declined 6.2 percent to Rs 296.64 crore (14.5 percent PAT margin) from Rs 316.34 crore (15.7 percent PAT margin) in FY-15. PAT in the current quarter was almost flat y-o-y (increased by 0.4 percent) at Rs 64.24 crore (12.5 percent margin) as compared to Rs 64 crore (13.2 percent PAT margin), but declined 39.9 percent q-o-q from Rs 105.11 crore (19 percent PAT margin) in the immediate trailing quarter.

Radio Segment – My FM

DB Corp’s radio segment that has an FM radio network under the brand My FM reported 12.1 percent increase in TIO in FY-16 at Rs 107.50 crore as compared to Rs 95.87 crore in FY-15. The radio segment’s contribution to DB Corp’s overall revenue has gone up to 5.24 percent of TIO in the current year from 4.77 percent in the previous year.

The radio segment’s operating profit increased 0.9 percent to Rs 31.52 crore in FY-16 from Rs 31.23 crore in the previous year. The radio segment’s operating profit in Q4-16 declined 5.9 percent y-o-y to Rs 9.4 crore from Rs 9.95 crore and declined 8.1 percent q-o-q from Rs 12 crore in Q3-16.

Printing and publishing of newspaper and periodicals (Printing) segment

Print segment reported 0.8 percent increase in TIO in FY-16 at Rs 1,892.56 crore as compared to Rs 1877.70 crore in FY-15. The print segment’s operating profit declined 2.7 percent in the current year to Rs 476.96 crore from Rs 490.23 crore in FY-15.

Digital Business

DB Corps’ Digital business revenue grew by 33 percent to Rs. 12 crore from Rs. 9 crore of corresponding quarter last fiscal.

Circulation and Advertising revenues

Circulation Revenue grew by 16 percent in FY-16 to Rs 435.6 crore from Rs 375.5 crore in FY-15, largely driven by yield growth of 13 percent, primarily in legacy markets. Circulation Revenue increased 15.3 percent y-o-y in Q4-16 to Rs 113.6 crore from Rs 98.5 crore, primarily due to yield driven growth, largely coming from mature markets.

Advertising Revenues was lower in FY-15 at Rs 1481.2 crore as against Rs 1516.6 crore during last year. Advertising Revenue in Q4-16 was at Rs. 360.0 crore as compared to Rs 354.3 crore in Q4-15.

Total Expenditure (TE) in the current year increased 4.5 percent to Rs 1605.10 crore from Rs 1535.46 crore in FY-15. TE in Q4-16 increased 7.5 percent y-o-y to Rs 422.34 crore as compared to Rs 390.75 crore and was almost flat q-o-q as compared to Rs 422.32 crore in the immediate trailing quarter.

Raw material (RM) consumption in FY-16 declined 4.5 percent to Rs 618.67 crore from Rs 647.57 crore in FY-15. RM consumption in the current quarter increased 3.9 percent y-o-y to Rs 157.77 crore as compared to Rs 151.70 crore, but declined 5.2 percent q-o-q from Rs 166.46 crore in Q3-16.

Company speak

DB Corp managing director Sudhir Agarwal said, “Our performance this quarter continues to reflect sustained efforts to engage strongly with readers and advertisers. We continue to undertake several key initiatives to propel the company on a growth trajectory, since we have already laid a very strong foundation for the business that now has extremely strong fundamentals. Our strategic areas of focus are at the core of our growth and expansion roadmap and way forward, being led by print, digital and radio segments. This year we brought back the ‘Zidd karo’ campaign that resonates our operating philosophy – which has guided the group to report significant growth over the last few years. While we are implementing multiple efforts to increase reader engagement primarily driven through content, we are also focusing very intensely on advertiser engagement to help advertisers understand multiple ways of engaging with our readers since we know the preferences of our readers very well. On this basis, our yield strategy is gaining steady and strong acceptance. The key thrust areas going forward will centre on giving readers a well-rounded experience, our commitment to advertisers and associates, an enthusiastic and energised work environment for all staff and our responsibility towards stakeholders to deliver high shareholder value. We continue to be excited by the development of the radio and digital segments that have great growth capabilities and are on course. On an overall basis, Indian language print media holds tremendous potential and as the largest player in the industry backed by strong competitive advantages, we look forward to leveraging future opportunities.”

May 20, 2016
FY-16: DB Corp revenue up marginally, My FM revenue up 12 percent

BENGALURU: DB Corp Limited (DB Corp), home to flagship newspapers Dainik Bhaskar, Divya Bhaskar, Dainik Divya Marathi and Saurashtra Samachar reported 2.1 percent increase in Total Income from operations (TIO) for the year ended 31 March 2016 (FY-16, current year). The company reported consolidated revenue of Rs 2,051.87 crore in FY-16 as compared to Rs 2,009.57 crore in the previous fiscal.

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.

For the quarter ended 31 March 2016 (Q4-16, current quarter) TIO increased 5.6 percent year-over-year (y-o-y) to Rs 514.28 crore as compared to Rs 485.60 crore, but declined 12.2 percent quarter-over-quarter (q-o-q) from Rs 585.89 crore.

DB Corp’s PAT in the current year declined 6.2 percent to Rs 296.64 crore (14.5 percent PAT margin) from Rs 316.34 crore (15.7 percent PAT margin) in FY-15. PAT in the current quarter was almost flat y-o-y (increased by 0.4 percent) at Rs 64.24 crore (12.5 percent margin) as compared to Rs 64 crore (13.2 percent PAT margin), but declined 39.9 percent q-o-q from Rs 105.11 crore (19 percent PAT margin) in the immediate trailing quarter.

Radio Segment – My FM

DB Corp’s radio segment that has an FM radio network under the brand My FM reported 12.1 percent increase in TIO in FY-16 at Rs 107.50 crore as compared to Rs 95.87 crore in FY-15. The radio segment’s contribution to DB Corp’s overall revenue has gone up to 5.24 percent of TIO in the current year from 4.77 percent in the previous year.

The radio segment’s operating profit increased 0.9 percent to Rs 31.52 crore in FY-16 from Rs 31.23 crore in the previous year. The radio segment’s operating profit in Q4-16 declined 5.9 percent y-o-y to Rs 9.4 crore from Rs 9.95 crore and declined 8.1 percent q-o-q from Rs 12 crore in Q3-16.

Printing and publishing of newspaper and periodicals (Printing) segment

Print segment reported 0.8 percent increase in TIO in FY-16 at Rs 1,892.56 crore as compared to Rs 1877.70 crore in FY-15. The print segment’s operating profit declined 2.7 percent in the current year to Rs 476.96 crore from Rs 490.23 crore in FY-15.

Digital Business

DB Corps’ Digital business revenue grew by 33 percent to Rs. 12 crore from Rs. 9 crore of corresponding quarter last fiscal.

Circulation and Advertising revenues

Circulation Revenue grew by 16 percent in FY-16 to Rs 435.6 crore from Rs 375.5 crore in FY-15, largely driven by yield growth of 13 percent, primarily in legacy markets. Circulation Revenue increased 15.3 percent y-o-y in Q4-16 to Rs 113.6 crore from Rs 98.5 crore, primarily due to yield driven growth, largely coming from mature markets.

Advertising Revenues was lower in FY-15 at Rs 1481.2 crore as against Rs 1516.6 crore during last year. Advertising Revenue in Q4-16 was at Rs. 360.0 crore as compared to Rs 354.3 crore in Q4-15.

Total Expenditure (TE) in the current year increased 4.5 percent to Rs 1605.10 crore from Rs 1535.46 crore in FY-15. TE in Q4-16 increased 7.5 percent y-o-y to Rs 422.34 crore as compared to Rs 390.75 crore and was almost flat q-o-q as compared to Rs 422.32 crore in the immediate trailing quarter.

Raw material (RM) consumption in FY-16 declined 4.5 percent to Rs 618.67 crore from Rs 647.57 crore in FY-15. RM consumption in the current quarter increased 3.9 percent y-o-y to Rs 157.77 crore as compared to Rs 151.70 crore, but declined 5.2 percent q-o-q from Rs 166.46 crore in Q3-16.

Company speak

DB Corp managing director Sudhir Agarwal said, “Our performance this quarter continues to reflect sustained efforts to engage strongly with readers and advertisers. We continue to undertake several key initiatives to propel the company on a growth trajectory, since we have already laid a very strong foundation for the business that now has extremely strong fundamentals. Our strategic areas of focus are at the core of our growth and expansion roadmap and way forward, being led by print, digital and radio segments. This year we brought back the ‘Zidd karo’ campaign that resonates our operating philosophy – which has guided the group to report significant growth over the last few years. While we are implementing multiple efforts to increase reader engagement primarily driven through content, we are also focusing very intensely on advertiser engagement to help advertisers understand multiple ways of engaging with our readers since we know the preferences of our readers very well. On this basis, our yield strategy is gaining steady and strong acceptance. The key thrust areas going forward will centre on giving readers a well-rounded experience, our commitment to advertisers and associates, an enthusiastic and energised work environment for all staff and our responsibility towards stakeholders to deliver high shareholder value. We continue to be excited by the development of the radio and digital segments that have great growth capabilities and are on course. On an overall basis, Indian language print media holds tremendous potential and as the largest player in the industry backed by strong competitive advantages, we look forward to leveraging future opportunities.”

May 20, 2016
FY-16: Radio Mirchi revenue up 16 percent, crosses Rs 500 crore

BENGALURU: Indian private FM player Entertainment Network (India) Limited (ENIL), which runs the Radio Mirchi radio network in India, reported 16 percent increase in Total Income from Operations (TIO) for the year ended 31 March 2015 (FY-16, current year). Annual revenue crossed Rs 500 crore for the first time in FY-16. The company reported consolidated revenue of Rs 508.61 crore for the current year as compared to Rs 434.48 crore in the previous fiscal.

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) The numbers in this report are consolidated unless stated otherwise. Consolidated quarterly numbers for the quarter ended 31 March 2016 (Q4-16) have been arrived at by deducting the company’s reported consolidated numbers for the nine month period ended 31 December 2015 (9M-16) from its reported consolidated numbers for FY-16.

The company’s consolidated profit after tax (PAT) in FY-16 declined sightly by 5.7 percent to Rs 99.99 crore (19.7 percent PAT margin) as compared to Rs 105.98 crore (24.2 percent PAT margin). ENIL’s board of directors has recommended a dividend of Re.1 per equity share of face value of Rs 10 each.

Commenting on the results, ENIL CEO Prashant Panday said, “Rs 500 crores is an important milestone in any media company’s life and I am happy we’ve crossed that! We’re now working on launching our 2nd channel in every major city in the country, as well as entering new markets like Chandigarh, Kochi and Guwahati for the first time with brand Mirchi. We look forward to a very exciting next 5-years.”

Consolidated TIO for the quarter ended 31 March 2016 (Q4-16, current quarter) increased 18.3 percent year-over-year (y-o-y) to Rs 147.20 crore from Rs 124.43 crore and increased 2.5 percent quarter-over-quarter (q-o-q) from Rs 143.56 crore in Q3-16.

Consolidated PAT in Q4-16 declined 21 percent y-o-y to Rs 20.15 crore (13.7 percent PAT margin) as compared to Rs 25.49 crore (20.5 percent PAT margin) and declined 25.3 percent q-o-q from Rs 26.99 crore (18.8 percent PAT margin).

Let us look at the other numbers reported by Radio Mirchi

ENIL’s consolidated Earnings before Interest, Depreciation, Taxes and Amortisation (EBIDTA) for FY-16 increased 9.7 percent to Rs 159.35 crore (31.3 percent EBIDTA margin) from Rs 145.25 crore (33.1 percent EBIDTA margin). EBIDTA in Q4-16 at Rs 38.53 crore (26.2 percent EBIDTA margin) increased 11.6 percent y-o-y from Rs 34.53 crore (27.7 percent EBIDTA margin), but declined 22.5 percent q-o-q from Rs 49.74 crore (34.6 percent EBIDTA margin).

ENIL total expense (TE) in FY-16 increased 18.2 percent to Rs 385.54 crore (75.8 percent of TIO) from Rs 326.10 crore (74.4 percent of TIO) in FY-15. TE in Q4-2016 at Rs 117.57 crore (79.9 percent of TIO) increased 19.8 percent y-o-y as compared to Rs 102.74 crore (71.6 percent of TIO) and increased 14.4 percent q-o-q from Rs 102.74 crore (71.6 percent of TIO).

ENIL paid 20.2 per cent higher license fee in FY-16 at Rs 26.19 crore (5.1 percent of TIO) as compared to Rs 21.79 crore (5 percent of TIO) in FY-15. License fee in Q4-2016 increased 5.7 percent y-o-y to Rs 6.37 crore (4.3 percent of TIO) as compared to Rs 6.03 crore (4.8 percent of TIO), but declined 7.2 percent q-o-q from Rs 6.87 crore (4.8 percent of TIO) in Q3-16.

The company’s marketing expense in FY-16 increased 31.7 percent to Rs 99.74 crore (19.6 percent of TIO) from Rs 75.76 crore (17.3 percent of TIO) in FY-15. Marketing expense in Q4-2016 at Rs 41.21 crore (28 percent of TIO) increased 30.5 percent y-o-y from Rs 31.57 crore (25.4 percent of TIO) and increased 29.7 percent q-o-q from Rs 31.78 crore (22.1 percent of TIO).

The company’s programming and royalty expenses in the current year increased 16.8 percent to Rs 17.86 crore (3.5 percent of TIO) from Rs 15.28 crore (3.5 percent of TIO) in FY-15. Programming and royalty expenses in the current quarter increased 20.3 percent y-o-y to Rs 5.09 crore (3.5 percent of TIO) from Rs 4.23 crore (3.4 percent of TIO) 6.8 percent q-o-q from Rs 4.77 crore (3.3 percent of TIO) in Q3-16.

Employee Benefit Expense (EBE) in FY-16 increased 13 percent to Rs 93.53 crore (18.4 percent of TIO) from Rs 82.76 crore (18.9 percent of TIO) in the previous year. EBE in Q4-16 at Rs 25.06 crore (17 percent of TIO) increased 19.4 percent y-o-y from Rs 20.98 crore (16.9 percent of TIO) and increased 1.4 percent q-o-q from Rs 24.70 crore (17.2 percent of TIO).

Other expenses in FY-16 increased 14.6 percent to Rs 111.95 crore (22 percent of TIO) from Rs 97.64 crore (22.3 percent of TIO) in FY-15. Other expenses in Q4-16 at Rs 30.94 crore (21 percent of TIO) increased 14.2 percent y-o-y from Rs 27.08 (21.8 percent of TIO) and increased 20.3 percent q-o-q from Rs 25.72 crore (17.9 percent of TIO).

ENIL won 17 stations in Phase 3 auctions and has launched Bengaluru, Guwahati and Kochi stations. Bengaluru is Radio Mirchi’s first launch in the second frequencies network.

Radio Mirchi with Delhi International Airport (P) Limited (DIAL) has launched ‘Mirchi T3’ radio at Terminal 3 of Delhi Airport. With Mirchi T3, Radio Mirchi looks to cater to the niche group of premium listeners who frequent India’s premier airport.

May 20, 2016
FY-16: Radio Mirchi revenue up 16 percent, crosses Rs 500 crore

BENGALURU: Indian private FM player Entertainment Network (India) Limited (ENIL), which runs the Radio Mirchi radio network in India, reported 16 percent increase in Total Income from Operations (TIO) for the year ended 31 March 2015 (FY-16, current year). Annual revenue crossed Rs 500 crore for the first time in FY-16. The company reported consolidated revenue of Rs 508.61 crore for the current year as compared to Rs 434.48 crore in the previous fiscal.

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) The numbers in this report are consolidated unless stated otherwise. Consolidated quarterly numbers for the quarter ended 31 March 2016 (Q4-16) have been arrived at by deducting the company’s reported consolidated numbers for the nine month period ended 31 December 2015 (9M-16) from its reported consolidated numbers for FY-16.

The company’s consolidated profit after tax (PAT) in FY-16 declined sightly by 5.7 percent to Rs 99.99 crore (19.7 percent PAT margin) as compared to Rs 105.98 crore (24.2 percent PAT margin). ENIL’s board of directors has recommended a dividend of Re.1 per equity share of face value of Rs 10 each.

Commenting on the results, ENIL CEO Prashant Panday said, “Rs 500 crores is an important milestone in any media company’s life and I am happy we’ve crossed that! We’re now working on launching our 2nd channel in every major city in the country, as well as entering new markets like Chandigarh, Kochi and Guwahati for the first time with brand Mirchi. We look forward to a very exciting next 5-years.”

Consolidated TIO for the quarter ended 31 March 2016 (Q4-16, current quarter) increased 18.3 percent year-over-year (y-o-y) to Rs 147.20 crore from Rs 124.43 crore and increased 2.5 percent quarter-over-quarter (q-o-q) from Rs 143.56 crore in Q3-16.

Consolidated PAT in Q4-16 declined 21 percent y-o-y to Rs 20.15 crore (13.7 percent PAT margin) as compared to Rs 25.49 crore (20.5 percent PAT margin) and declined 25.3 percent q-o-q from Rs 26.99 crore (18.8 percent PAT margin).

Let us look at the other numbers reported by Radio Mirchi

ENIL’s consolidated Earnings before Interest, Depreciation, Taxes and Amortisation (EBIDTA) for FY-16 increased 9.7 percent to Rs 159.35 crore (31.3 percent EBIDTA margin) from Rs 145.25 crore (33.1 percent EBIDTA margin). EBIDTA in Q4-16 at Rs 38.53 crore (26.2 percent EBIDTA margin) increased 11.6 percent y-o-y from Rs 34.53 crore (27.7 percent EBIDTA margin), but declined 22.5 percent q-o-q from Rs 49.74 crore (34.6 percent EBIDTA margin).

ENIL total expense (TE) in FY-16 increased 18.2 percent to Rs 385.54 crore (75.8 percent of TIO) from Rs 326.10 crore (74.4 percent of TIO) in FY-15. TE in Q4-2016 at Rs 117.57 crore (79.9 percent of TIO) increased 19.8 percent y-o-y as compared to Rs 102.74 crore (71.6 percent of TIO) and increased 14.4 percent q-o-q from Rs 102.74 crore (71.6 percent of TIO).

ENIL paid 20.2 per cent higher license fee in FY-16 at Rs 26.19 crore (5.1 percent of TIO) as compared to Rs 21.79 crore (5 percent of TIO) in FY-15. License fee in Q4-2016 increased 5.7 percent y-o-y to Rs 6.37 crore (4.3 percent of TIO) as compared to Rs 6.03 crore (4.8 percent of TIO), but declined 7.2 percent q-o-q from Rs 6.87 crore (4.8 percent of TIO) in Q3-16.

The company’s marketing expense in FY-16 increased 31.7 percent to Rs 99.74 crore (19.6 percent of TIO) from Rs 75.76 crore (17.3 percent of TIO) in FY-15. Marketing expense in Q4-2016 at Rs 41.21 crore (28 percent of TIO) increased 30.5 percent y-o-y from Rs 31.57 crore (25.4 percent of TIO) and increased 29.7 percent q-o-q from Rs 31.78 crore (22.1 percent of TIO).

The company’s programming and royalty expenses in the current year increased 16.8 percent to Rs 17.86 crore (3.5 percent of TIO) from Rs 15.28 crore (3.5 percent of TIO) in FY-15. Programming and royalty expenses in the current quarter increased 20.3 percent y-o-y to Rs 5.09 crore (3.5 percent of TIO) from Rs 4.23 crore (3.4 percent of TIO) 6.8 percent q-o-q from Rs 4.77 crore (3.3 percent of TIO) in Q3-16.

Employee Benefit Expense (EBE) in FY-16 increased 13 percent to Rs 93.53 crore (18.4 percent of TIO) from Rs 82.76 crore (18.9 percent of TIO) in the previous year. EBE in Q4-16 at Rs 25.06 crore (17 percent of TIO) increased 19.4 percent y-o-y from Rs 20.98 crore (16.9 percent of TIO) and increased 1.4 percent q-o-q from Rs 24.70 crore (17.2 percent of TIO).

Other expenses in FY-16 increased 14.6 percent to Rs 111.95 crore (22 percent of TIO) from Rs 97.64 crore (22.3 percent of TIO) in FY-15. Other expenses in Q4-16 at Rs 30.94 crore (21 percent of TIO) increased 14.2 percent y-o-y from Rs 27.08 (21.8 percent of TIO) and increased 20.3 percent q-o-q from Rs 25.72 crore (17.9 percent of TIO).

ENIL won 17 stations in Phase 3 auctions and has launched Bengaluru, Guwahati and Kochi stations. Bengaluru is Radio Mirchi’s first launch in the second frequencies network.

Radio Mirchi with Delhi International Airport (P) Limited (DIAL) has launched ‘Mirchi T3’ radio at Terminal 3 of Delhi Airport. With Mirchi T3, Radio Mirchi looks to cater to the niche group of premium listeners who frequent India’s premier airport.

May 20, 2016
FY-16: Higher tax, lesser films release lowers Balaji Telefims revenue, profit

BENGALURU: Balaji Telefilms Limited (Balaji) reported 15.5 percent decline in consolidated total revenue from operations (TIO) for the year ended 31 March 2016 (FY-16, current year). The company’s consolidated profit after tax (PAT) in the current year declined to less than half as compared to the previous year. Balaji attributes the decline in consolidated TIO to release of just one film in the current fiscal as compared to five in the FY-15. Further, the company had to pay more than a five-fold (5.6 times) increase in income tax in the current year as compared to FY-15.

Balaji’s reported consolidated TIO in FY-16 at Rs 292.76 crore as compared to Rs 342.65 crore in the previous year. PAT in FY-16 was Rs 2.74 crore (1 percent PAT margin) as compared to Rs 5.63 crore (1.6 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.

EBIDTA in the current year declined 2 percent to Rs 5.95 crore (2 percent EBIDTA margin) as compared to 6.06 crore (1.7 percent EBIDTA)

For the quarter ended 31 March 2016 (Q4-16, current quarter), Balaji reported 6 percent year-over-year (y-o-y) growth in consolidated TIO at Rs 83.23 crore as compared to Rs 77.81 crore in Q4-15, and a 12 percent quarter-over-quarter (q-o-q) growth from Rs 73.15 crore in Q3-16.

Revenue for the quarter from commissioned programs (including Nach Baliye) declined to Rs 55.64 crore as compared to Rs 59.51 crore in Q1-15 and Rs 71.27 crore in the immediate trailing quarter. The company says that the decline in revenues for Q4-16 was due to Meri Aashiqui Tum Se Hi, Itna Karo Na Mujhe Pyaar and Pyar Ko Ho Jane Do going off air during the quarter.

The company created lesser hours of programming in Q4-16 as compared to during the corresponding year ago quarter and during the immediate trailing quarter. Total programming hours in Q1-16 were 247 as compared to 258 in Q1-15 and 294.5 hours in Q3-16. Net realisation per hour in Q4-16 increased to Rs 22.5 lakh as compared to Rs 22 lakh in Q1-15, but declined when compared to Rs 24.2 lakh in Q3-16.

Balaji reported a net loss of Rs 13.28 crore in the current quarter as compared to PAT of Rs 9.61 crore in Q1-15 and PAT of Rs 6.64 crore in Q3-16.

May 17, 2016
FY-16: Higher tax, lesser films release lowers Balaji Telefims revenue, profit

BENGALURU: Balaji Telefilms Limited (Balaji) reported 15.5 percent decline in consolidated total revenue from operations (TIO) for the year ended 31 March 2016 (FY-16, current year). The company’s consolidated profit after tax (PAT) in the current year declined to less than half as compared to the previous year. Balaji attributes the decline in consolidated TIO to release of just one film in the current fiscal as compared to five in the FY-15. Further, the company had to pay more than a five-fold (5.6 times) increase in income tax in the current year as compared to FY-15.

Balaji’s reported consolidated TIO in FY-16 at Rs 292.76 crore as compared to Rs 342.65 crore in the previous year. PAT in FY-16 was Rs 2.74 crore (1 percent PAT margin) as compared to Rs 5.63 crore (1.6 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.

EBIDTA in the current year declined 2 percent to Rs 5.95 crore (2 percent EBIDTA margin) as compared to 6.06 crore (1.7 percent EBIDTA)

For the quarter ended 31 March 2016 (Q4-16, current quarter), Balaji reported 6 percent year-over-year (y-o-y) growth in consolidated TIO at Rs 83.23 crore as compared to Rs 77.81 crore in Q4-15, and a 12 percent quarter-over-quarter (q-o-q) growth from Rs 73.15 crore in Q3-16.

Revenue for the quarter from commissioned programs (including Nach Baliye) declined to Rs 55.64 crore as compared to Rs 59.51 crore in Q1-15 and Rs 71.27 crore in the immediate trailing quarter. The company says that the decline in revenues for Q4-16 was due to Meri Aashiqui Tum Se Hi, Itna Karo Na Mujhe Pyaar and Pyar Ko Ho Jane Do going off air during the quarter.

The company created lesser hours of programming in Q4-16 as compared to during the corresponding year ago quarter and during the immediate trailing quarter. Total programming hours in Q1-16 were 247 as compared to 258 in Q1-15 and 294.5 hours in Q3-16. Net realisation per hour in Q4-16 increased to Rs 22.5 lakh as compared to Rs 22 lakh in Q1-15, but declined when compared to Rs 24.2 lakh in Q3-16.

Balaji reported a net loss of Rs 13.28 crore in the current quarter as compared to PAT of Rs 9.61 crore in Q1-15 and PAT of Rs 6.64 crore in Q3-16.

May 17, 2016
FY-16: Vodafone’s data revenue grows 45 percent; service revenue up 5 percent

BENGALURU: Vodafone India reported 45.2 percent growth in revenue from data (browsing) for the year ended 31 March 2016 (FY-16, current year) as compared to the previous year. The telecom major’s total and service revenues in the current year increased 5 percent each as compared to FY-15. Vodafone’s reported data revenue for the current year at Rs 8,263 crore as against Rs 5,690 in Fy-15. Service revenue in the current year was Rs 44,303 crore as compared to Rs 42,204 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.
(c) All numbers are standalone. The Financial results for Vodafone India have been derived from the consolidated financial results of Vodafone Group Plc. and this may differ from Vodafone India’s financial statements prepared in Indian GAAP, Ind (AS) or IFRS.

Vodafone reported total revenue in the current year at Rs 44.490 crore as compared to Rs 42,378 crore in the previous year. EBIDTA in FY-16 at Rs 13,115 crore (29.5 percent EBIDTA margin) grew 4.1 percent from Rs 12,598 crore (29.7 percent margin) in the previous year. Vodafone says that underlying service revenue growth percentage is adjusted for regulatory impacts.

Vodafone India managing director and CEO Sunil Sood, commented,“We continue to deliver healthy double digit underlying revenue growth of 10 percent and a healthy EBITDA margin. There is a strong uptake in data and our usage has gone up 63 percent YoY. Last year, we also embarked on an ambitious initiative to invest, modernize and expand our network to launch Vodafone SuperNetTM –providing a seamless voice and data experience for our customers. Shortly, our 4G services will be available in 1000 towns across 9 circles in India. We remain committed to fulfil the evolving needs of our customers and leverage our global experience plus rich understanding of India to play a meaningful role in enabling Digital India.”

Subscription numbers

Vodafone’s customer base in FY-16 grew 7.7 percent to 19.79 crore from 18.38 crore in FY-15. Data users consuming more than 1 MB data in FY-16 grew 12 percent to 4.48 crore from 4 crore in the previous year. Data Users grew 5.9 percent in FY-16 to 6.75 crore from 6.38 crore in FY-15. 3G users in FY-16 grew 43.3 percent to 2.78 crore from 1.94 crore in FY-15.

Vodafone reported overall annualized subscriber churn of 51.8 percent as compared to 52.6 percent in the previous year. Post-paid subscriber churn in FY-16 increased to 21.7 percent from20.9 percent in the previous year, while post-paid subscriber churn increased to 54.1 percent from 52.6 percent from the previous year.

Vodafone India is a 100 percent fully owned subsidiary of the Vodafone Group Plc. with operations across the country serving approximately 19.8 crore customers (over 10.7 crore in rural areas).

May 17, 2016
FY-16: Vodafone’s data revenue grows 45 percent; service revenue up 5 percent

BENGALURU: Vodafone India reported 45.2 percent growth in revenue from data (browsing) for the year ended 31 March 2016 (FY-16, current year) as compared to the previous year. The telecom major’s total and service revenues in the current year increased 5 percent each as compared to FY-15. Vodafone’s reported data revenue for the current year at Rs 8,263 crore as against Rs 5,690 in Fy-15. Service revenue in the current year was Rs 44,303 crore as compared to Rs 42,204 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.
(c) All numbers are standalone. The Financial results for Vodafone India have been derived from the consolidated financial results of Vodafone Group Plc. and this may differ from Vodafone India’s financial statements prepared in Indian GAAP, Ind (AS) or IFRS.

Vodafone reported total revenue in the current year at Rs 44.490 crore as compared to Rs 42,378 crore in the previous year. EBIDTA in FY-16 at Rs 13,115 crore (29.5 percent EBIDTA margin) grew 4.1 percent from Rs 12,598 crore (29.7 percent margin) in the previous year. Vodafone says that underlying service revenue growth percentage is adjusted for regulatory impacts.

Vodafone India managing director and CEO Sunil Sood, commented,“We continue to deliver healthy double digit underlying revenue growth of 10 percent and a healthy EBITDA margin. There is a strong uptake in data and our usage has gone up 63 percent YoY. Last year, we also embarked on an ambitious initiative to invest, modernize and expand our network to launch Vodafone SuperNetTM –providing a seamless voice and data experience for our customers. Shortly, our 4G services will be available in 1000 towns across 9 circles in India. We remain committed to fulfil the evolving needs of our customers and leverage our global experience plus rich understanding of India to play a meaningful role in enabling Digital India.”

Subscription numbers

Vodafone’s customer base in FY-16 grew 7.7 percent to 19.79 crore from 18.38 crore in FY-15. Data users consuming more than 1 MB data in FY-16 grew 12 percent to 4.48 crore from 4 crore in the previous year. Data Users grew 5.9 percent in FY-16 to 6.75 crore from 6.38 crore in FY-15. 3G users in FY-16 grew 43.3 percent to 2.78 crore from 1.94 crore in FY-15.

Vodafone reported overall annualized subscriber churn of 51.8 percent as compared to 52.6 percent in the previous year. Post-paid subscriber churn in FY-16 increased to 21.7 percent from20.9 percent in the previous year, while post-paid subscriber churn increased to 54.1 percent from 52.6 percent from the previous year.

Vodafone India is a 100 percent fully owned subsidiary of the Vodafone Group Plc. with operations across the country serving approximately 19.8 crore customers (over 10.7 crore in rural areas).

May 17, 2016
Honda Cars India’s Rs 25 crore campaign spends for the new BR-V

BENGALURU: Honda Cars India Ltd. (HCIL), a manufacturer of premium cars in India, today introduced its new model Honda BR-V. The launch of BR-V marks Honda’s entry into the compact SUV segment that is about 300,000 units per year in size in India. The BR-V is available in both Diesel and Petrol fuel options in India.

The company has planned a six week campaign that began last week and will end by the third week of June. Industry sources revealed that HCIL has budgeted between Rs 25 and Rs 30 crore for a 360 degree campaign for the new BR-V. Recently HCIL announced Mullen Lintas as its creative agency for its new car. Media buying is through Group M’s Motivator.

At the BR-V launch in Bengaluru today, HCIL unveiled a 90 second promo that will run on cinema screens and Youtube. Two 30-second TVCs’ that tell stories around the BR-V and a 20-second TVC that speaks more about brand Honda have been planned. The company is targeting males from the age group of 25-45 years, and hence the TVCs’ will be aired across all major English, Hindi and regional news channels reveal sources at HMIL. A print campaign is also a part of HMIL’s media plans.

Speaking at the launch, HCIL senior vice president & director Raman Kumar Sharma said, “India is a key market for Honda and as part of our business expansion, we are focusing on increasing our customer base with new model introductions. The launch of BR-V marks Honda’s entry into the popular compact SUV segment. Customers can experience the outstanding appearance of an SUV and benefit from the versatility and comfort of its spacious 3 row interiors. We are confident that BR-V will strongly appeal to the customers and accelerate our growth while strengthening our brand presence in the country.”

May 13, 2016
Honda Cars India’s Rs 25 crore campaign spends for the new BR-V

BENGALURU: Honda Cars India Ltd. (HCIL), a manufacturer of premium cars in India, today introduced its new model Honda BR-V. The launch of BR-V marks Honda’s entry into the compact SUV segment that is about 300,000 units per year in size in India. The BR-V is available in both Diesel and Petrol fuel options in India.

The company has planned a six week campaign that began last week and will end by the third week of June. Industry sources revealed that HCIL has budgeted between Rs 25 and Rs 30 crore for a 360 degree campaign for the new BR-V. Recently HCIL announced Mullen Lintas as its creative agency for its new car. Media buying is through Group M’s Motivator.

At the BR-V launch in Bengaluru today, HCIL unveiled a 90 second promo that will run on cinema screens and Youtube. Two 30-second TVCs’ that tell stories around the BR-V and a 20-second TVC that speaks more about brand Honda have been planned. The company is targeting males from the age group of 25-45 years, and hence the TVCs’ will be aired across all major English, Hindi and regional news channels reveal sources at HMIL. A print campaign is also a part of HMIL’s media plans.

Speaking at the launch, HCIL senior vice president & director Raman Kumar Sharma said, “India is a key market for Honda and as part of our business expansion, we are focusing on increasing our customer base with new model introductions. The launch of BR-V marks Honda’s entry into the popular compact SUV segment. Customers can experience the outstanding appearance of an SUV and benefit from the versatility and comfort of its spacious 3 row interiors. We are confident that BR-V will strongly appeal to the customers and accelerate our growth while strengthening our brand presence in the country.”

May 13, 2016