ITV

Category: Financials

  • Q4-2015: Charter reports growth in video customers, revenue up 6.4%

    Q4-2015: Charter reports growth in video customers, revenue up 6.4%

    BENGALURU: Charter Communications, Inc (Charter) reported quarter-on-quarter (QoQ) net addition of 29,000 residential video subscribers for the quarter ended 31 December, 2015 (Q4-2015, current quarter). Last quarter (Q3-2015), the company had added 16,000 residential video subscribers as compared to Q2-2015. As a result, Charter closed the year ended 31 December, 2015 (FY-2015, current year) with 43.22 lakh residential video subscribers, just 2,000 less than the 43.44 lakh residential subscribers that the company had closed Q4-2014 and FY-2014 with.

    As has been reported earlier, both Comcast Communications Inc and Time Warner Cable, Inc had closed the current quarter and year with the best video numbers over eight years and 10 years respectively. It seems that the current quarter has retarded or reversed the video subscriber slide in the US for now. Charter says that 2015 marks the first full year in over a decade in which it grew its total video customers, including 33,000 video net additions in the fourth quarter, and 11,000 for the full year 2015.

    Note: 100,00,000 = 100 lakh = 10 million = 1crore

    Charter reported Q4-2015 revenues of $2,512 million, which grew 6.4 per cent YoY as compared to $2,360 million. Charter reported residential revenue growth of 7.2 per cent YoY ($,2,083 million as compared to $1,943 million) and commercial revenue growth of 12.3 per cent YoY ($294 million as compared to $262 million). Q4-2015 Adjusted EBITDA grew by 7.5 per cent YOY. Excluding transition costs of $22 million for Charter’s pending transactions, fourth quarter Adjusted EBITDA grew by 8.4 per cent YoY. The company reported a higher loss of $122 million in the current quarter as compared to $48 million in Q4-2014.

    FY-2015 revenues increased 7.1 per cent YoY to $9,754 million as compared to $9,108 million. Adjusted EBITDA rose 6.8 per cent YoY to $3,406 million in FY-2015 as compared to $3,190 million. Excluding transition costs for the pending transactions, 2015 Adjusted EBITDA increased 8.5 per cent. Charter’s net loss in FY-2015 increased to $271 million as compared to $83 million in the corresponding year ago quarter.

    Company Speak

    “Our consumer-focused product and service strategy continued to drive Charter’s accelerating customer growth in 2015, including positive video net additions,” said Charter Communications president and CEO Tom Rutledge. “Charter remains the fastest growing cable company in the United States because it provides highly-competitive consumer-friendly products at attractive price points, in simple packages, with quality customer service. We look forward to bringing Charter Spectrum to the Time Warner Cable and Bright House footprints following the close of our transactions, offering consumers better products, prices and service, driving greater growth for our new company and our business partners, and creating value for shareholders.”

    Customer relationships and performance

    Charter reported 4.9 per cent YoY growth in residential customer relationships in Q4-2015 at 62.84 lakh as compared to 59.90 lakh and increased 1.3 per cent QoQ as compared to 62.02 lakh. Small and medium business customer relationships increased 17.5 per cent YoY in Q4-2015 to 3.9 lakh from 3.32 lakh and increased four per cent from 3.75 lakh in the immediate trailing quarter. Total customer relationships increased in the current quarter 5.6 per cent YoY to 66.74 lakh from 63.22 lakh and increased 1.5 per cent from 65.77 lakh in the previous quarter.

    Combined video, internet and voice (VIVE) revenue in the current quarter grew 7.2 per cent YoY at $2,083 million as compared to $1,983 million and increased 2.1 per cent QoQ as compared to $2,040 million.

    Average revenue per residential customer (ARPU) in Q4-2015 increased by $0.50 to $111.19 from $110.69 in Q3-2015. In Q4-2014, Charter reported residential ARPU of $108.67.

    Video

    Video subscription numbers have been mentioned above. Video revenue in Q4-2015 grew 2.9 per cent YoY to $1,167 million as compared to $1,134 million and increased 2.1 per cent QoQ as compared to $1,143 million. Charter’s non-video residential customer relationships increased to 31.2 per cent as compared to 27.8 per cent in Q4-2014 and 30.8 per cent in Q3-2015.

    Internet

    Internet subscription numbers in the current quarter increased 9.2 per cent YoY to 51.12 million from 47.85 lakh and increased 0.7 per cent QoQ from 42.93 million. Internet revenue in the current quarter increased 16.6 per cent YoY to $781 million from $670 million and increased 2.5 per cent QoQ from $762 million.

    Voice

    Voice subscription numbers in the current quarter increased 6.5 per cent YoY to 25.98 lakh from 24.39 lakh and increased 1.8 per cent QoQ from25.51 lakh. Voice revenue reduced 2.9 per cent YoY to $135 million from $135 million and was flat QoQ at $135 million.

    Residential Multiplay

    Residential single play subscribers increased 4.6 per cent YOY to 24.58 lakh from 23.50 lakh and increased 0.5 per cent from 24.45 lakh. Residential double play subscribers increased 3.9 per cent YoY to 17.90 lakh from 17.22 lakh and increased 1.7 per cent from 17.60 lakh. Residential triple play subscribers in Q3-2015 increased 6.2 per cent YoY to 20.36 lakh from 19.18 lakh and increased two per cent QoQ from 19.97 lakh.

  • Q4-2015: Charter reports growth in video customers, revenue up 6.4%

    Q4-2015: Charter reports growth in video customers, revenue up 6.4%

    BENGALURU: Charter Communications, Inc (Charter) reported quarter-on-quarter (QoQ) net addition of 29,000 residential video subscribers for the quarter ended 31 December, 2015 (Q4-2015, current quarter). Last quarter (Q3-2015), the company had added 16,000 residential video subscribers as compared to Q2-2015. As a result, Charter closed the year ended 31 December, 2015 (FY-2015, current year) with 43.22 lakh residential video subscribers, just 2,000 less than the 43.44 lakh residential subscribers that the company had closed Q4-2014 and FY-2014 with.

    As has been reported earlier, both Comcast Communications Inc and Time Warner Cable, Inc had closed the current quarter and year with the best video numbers over eight years and 10 years respectively. It seems that the current quarter has retarded or reversed the video subscriber slide in the US for now. Charter says that 2015 marks the first full year in over a decade in which it grew its total video customers, including 33,000 video net additions in the fourth quarter, and 11,000 for the full year 2015.

    Note: 100,00,000 = 100 lakh = 10 million = 1crore

    Charter reported Q4-2015 revenues of $2,512 million, which grew 6.4 per cent YoY as compared to $2,360 million. Charter reported residential revenue growth of 7.2 per cent YoY ($,2,083 million as compared to $1,943 million) and commercial revenue growth of 12.3 per cent YoY ($294 million as compared to $262 million). Q4-2015 Adjusted EBITDA grew by 7.5 per cent YOY. Excluding transition costs of $22 million for Charter’s pending transactions, fourth quarter Adjusted EBITDA grew by 8.4 per cent YoY. The company reported a higher loss of $122 million in the current quarter as compared to $48 million in Q4-2014.

    FY-2015 revenues increased 7.1 per cent YoY to $9,754 million as compared to $9,108 million. Adjusted EBITDA rose 6.8 per cent YoY to $3,406 million in FY-2015 as compared to $3,190 million. Excluding transition costs for the pending transactions, 2015 Adjusted EBITDA increased 8.5 per cent. Charter’s net loss in FY-2015 increased to $271 million as compared to $83 million in the corresponding year ago quarter.

    Company Speak

    “Our consumer-focused product and service strategy continued to drive Charter’s accelerating customer growth in 2015, including positive video net additions,” said Charter Communications president and CEO Tom Rutledge. “Charter remains the fastest growing cable company in the United States because it provides highly-competitive consumer-friendly products at attractive price points, in simple packages, with quality customer service. We look forward to bringing Charter Spectrum to the Time Warner Cable and Bright House footprints following the close of our transactions, offering consumers better products, prices and service, driving greater growth for our new company and our business partners, and creating value for shareholders.”

    Customer relationships and performance

    Charter reported 4.9 per cent YoY growth in residential customer relationships in Q4-2015 at 62.84 lakh as compared to 59.90 lakh and increased 1.3 per cent QoQ as compared to 62.02 lakh. Small and medium business customer relationships increased 17.5 per cent YoY in Q4-2015 to 3.9 lakh from 3.32 lakh and increased four per cent from 3.75 lakh in the immediate trailing quarter. Total customer relationships increased in the current quarter 5.6 per cent YoY to 66.74 lakh from 63.22 lakh and increased 1.5 per cent from 65.77 lakh in the previous quarter.

    Combined video, internet and voice (VIVE) revenue in the current quarter grew 7.2 per cent YoY at $2,083 million as compared to $1,983 million and increased 2.1 per cent QoQ as compared to $2,040 million.

    Average revenue per residential customer (ARPU) in Q4-2015 increased by $0.50 to $111.19 from $110.69 in Q3-2015. In Q4-2014, Charter reported residential ARPU of $108.67.

    Video

    Video subscription numbers have been mentioned above. Video revenue in Q4-2015 grew 2.9 per cent YoY to $1,167 million as compared to $1,134 million and increased 2.1 per cent QoQ as compared to $1,143 million. Charter’s non-video residential customer relationships increased to 31.2 per cent as compared to 27.8 per cent in Q4-2014 and 30.8 per cent in Q3-2015.

    Internet

    Internet subscription numbers in the current quarter increased 9.2 per cent YoY to 51.12 million from 47.85 lakh and increased 0.7 per cent QoQ from 42.93 million. Internet revenue in the current quarter increased 16.6 per cent YoY to $781 million from $670 million and increased 2.5 per cent QoQ from $762 million.

    Voice

    Voice subscription numbers in the current quarter increased 6.5 per cent YoY to 25.98 lakh from 24.39 lakh and increased 1.8 per cent QoQ from25.51 lakh. Voice revenue reduced 2.9 per cent YoY to $135 million from $135 million and was flat QoQ at $135 million.

    Residential Multiplay

    Residential single play subscribers increased 4.6 per cent YOY to 24.58 lakh from 23.50 lakh and increased 0.5 per cent from 24.45 lakh. Residential double play subscribers increased 3.9 per cent YoY to 17.90 lakh from 17.22 lakh and increased 1.7 per cent from 17.60 lakh. Residential triple play subscribers in Q3-2015 increased 6.2 per cent YoY to 20.36 lakh from 19.18 lakh and increased two per cent QoQ from 19.97 lakh.

  • Q2-2016: News Corp lower ad, book publishing revenues, forex lower overall revenue

    Q2-2016: News Corp lower ad, book publishing revenues, forex lower overall revenue

    BENGALURU: Strong growth in the Digital Real Estate Services segment at News Corporation (News Corp) was offset by lower advertising revenues at the News and Information Services segment and lower consumer revenues at the Book Publishing segment for the quarter ended 31 December, 2015 (Q2-2016, current quarter). News Corp reported year-on-year (YoY) 4.3 per cent revenue decline in the current quarter at $2,161 million as compared to $2,258 million. As a matter of fact, except for News Corp’s Digital Real Estate Services segment, all other segments reported lower revenues and EBIDTA.

    News Corp’s News and Information Services segment revenue fell 8.1 per cent YoY in Q2-2016 to $1,400 million as compared to $1,523 million, while revenue from its Book Publishing segment declined 4.9 per cent YoY in the current quarter to $446 million as compared to $469 million. Digital Real Estate Services segment revenue increased 35.1 per cent YoY to $208 million from $154 million. The decline in total reported revenues includes a negative impact from foreign currency fluctuations of $141 million says the company.

    News Corp reported Q2-2016 Total Segment EBITDA of $280 million, a 20 per cent decline as compared to $352 million in Q2-2015. Adjusted Total Segment EBITDA in Q2-2016 declined 16.8 per cent to $317 million, compared to $381 million in the corresponding prior year quarter. The company says that continued strength at the Digital Real Estate Services segment was more than offset by the declines at the News and Information Services, Book Publishing, and Cable Network Programming segments. Negative foreign currency fluctuations reduced Total Segment EBITDA by $25 million as compared to Q2-2015.

    Company speak

    News Corp CEO Robert Thomson said, “News Corp is evolving rapidly into a more digital and increasingly global company with a diverse revenue mix that we believe will drive long-term growth in profits and shareholder returns. The company is, by most measures, the world’s largest player in digital real estate, a position certainly enhanced by the rapid growth in the US of realtor.com.”

    “In our News and Information Services segment, print advertising remained challenged, but we are seeing growth in digital advertising and circulation revenues. We are particularly focused on cost reductions and sharing services around News Corp to streamline operations at the newspapers in Australia and the UK,” he added.

    “Unruly, the viral digital advertising company acquired late last year, has been swiftly integrated into many of our companies, bringing cutting-edge metrics and a savvy social sensibility. We are developing advertising products for clients keen to benefit from the rise of video and mobile, and taking advantage of our world-class mastheads which are increasingly powerful platforms, editorially and commercially,” Thomson said.

    “Macro-economic conditions in most of our markets have not been auspicious, and foreign exchange fluctuations have been particularly volatile, but we believe in the enduring value of our prestigious brands and the sound logic of our digital strategy,” he added.

    Segment results

    News and Information Services segment

    News and Information Services segment revenues have been mentioned above. News Corp says that total segment advertising revenues declined 12 per cent, primarily due to weakness in print advertising, negative foreign currency fluctuations and lower revenues at News America Marketing, partially offset by growth in digital advertising revenues, including at Dow Jones, where digital revenues accounted for approximately one-third of advertising revenues in the quarter. Circulation and subscription revenues declined five per cent, due to negative foreign currency fluctuations. Growth in paid digital subscribers in the US and Australia, higher subscription pricing and selected cover price increases offset print volume declines and the impact from the change in the digital strategy at The Sun. At Dow Jones, the company continued to see modest growth of professional information business revenues.

    Segment EBITDA decreased $58 million in Q2-2016 to $158 million as compared $216 million in Q2-2015. Adjusted Segment EBITDA decreased 22 per cent compared to the prior year, driven by lower advertising revenues, higher promotion and marketing costs in the UK and transaction costs of $5 million related to the acquisition of Unruly.

    Book Publishing segment

    Book Publishing segment revenues mentioned above declined due to lower e-book sales, negative foreign currency fluctuations and lower revenues from the Divergent series, partially offset by strong sales in General Books resulting from the popularity of The Pioneer Woman Cooks: Dinnertime by Ree Drummond. Digital sales represented 16 per cent of consumer revenues for the quarter. Segment EBITDA for the quarter decreased $20 million, or 26 per cent, from the prior year, primarily due to the factors noted above. Adjusted revenues decreased three per cent and Adjusted Segment EBITDA decreased 25 per cent compared to the prior year.

    Digital Real Estate Services segment

    Digital Real Estate Services revenues mentioned above increased primarily driven by the inclusion of the results of Move, acquired in November 2014. At REA Group Limited, increased revenues from greater residential listing depth product penetration were offset by negative foreign currency fluctuations. Segment EBITDA in the quarter increased $16 million, or 28. per cent to $73 million, compared to the $57 million in the corresponding prior year quarter, primarily due to the increased revenues noted above and the absence of one-time transaction costs of $16 million related to the acquisition of Move, partially offset by negative foreign currency fluctuations.

    Cable Network Programming segment

    In Q2-2016, revenues decreased $6 million, or 5.4 per cent YoY to $106 million, compared to $112 million in the corresponding prior year quarter. Adjusted revenues increased 10 per cent, primarily due to higher affiliate and advertising revenues. Segment EBITDA in Q2-2016 decreased $15 million, or 27.8 per cent YoY to $39 million from $54 million as compared with the corresponding prior year period. Adjusted Segment EBITDA declined 22 per cent, primarily due to expected higher programming rights and production costs related to the Rugby World Cup of $11 million. Negative foreign currency fluctuations reduced reported revenues and Segment EBITDA for the second quarter of fiscal 2016 by $17 million and $3 million, respectively, as compared to the prior year.

    ‘Other’ segment

    Reported revenue for Q2-2016 was $1 million as compared to nil in Q2-2015. Segment EBITDA in the quarter improved by $5 million compared to the prior year, primarily due to lower fees and costs, net of indemnification, related to the claims and investigations arising out of certain conduct at The News of the World (UK Newspaper Matters). The net expense related to the UK Newspaper Matters was $7 million for the Q2-2016 as compared to $13 million for Q2-2016.

  • Q2-2016: News Corp lower ad, book publishing revenues, forex lower overall revenue

    Q2-2016: News Corp lower ad, book publishing revenues, forex lower overall revenue

    BENGALURU: Strong growth in the Digital Real Estate Services segment at News Corporation (News Corp) was offset by lower advertising revenues at the News and Information Services segment and lower consumer revenues at the Book Publishing segment for the quarter ended 31 December, 2015 (Q2-2016, current quarter). News Corp reported year-on-year (YoY) 4.3 per cent revenue decline in the current quarter at $2,161 million as compared to $2,258 million. As a matter of fact, except for News Corp’s Digital Real Estate Services segment, all other segments reported lower revenues and EBIDTA.

    News Corp’s News and Information Services segment revenue fell 8.1 per cent YoY in Q2-2016 to $1,400 million as compared to $1,523 million, while revenue from its Book Publishing segment declined 4.9 per cent YoY in the current quarter to $446 million as compared to $469 million. Digital Real Estate Services segment revenue increased 35.1 per cent YoY to $208 million from $154 million. The decline in total reported revenues includes a negative impact from foreign currency fluctuations of $141 million says the company.

    News Corp reported Q2-2016 Total Segment EBITDA of $280 million, a 20 per cent decline as compared to $352 million in Q2-2015. Adjusted Total Segment EBITDA in Q2-2016 declined 16.8 per cent to $317 million, compared to $381 million in the corresponding prior year quarter. The company says that continued strength at the Digital Real Estate Services segment was more than offset by the declines at the News and Information Services, Book Publishing, and Cable Network Programming segments. Negative foreign currency fluctuations reduced Total Segment EBITDA by $25 million as compared to Q2-2015.

    Company speak

    News Corp CEO Robert Thomson said, “News Corp is evolving rapidly into a more digital and increasingly global company with a diverse revenue mix that we believe will drive long-term growth in profits and shareholder returns. The company is, by most measures, the world’s largest player in digital real estate, a position certainly enhanced by the rapid growth in the US of realtor.com.”

    “In our News and Information Services segment, print advertising remained challenged, but we are seeing growth in digital advertising and circulation revenues. We are particularly focused on cost reductions and sharing services around News Corp to streamline operations at the newspapers in Australia and the UK,” he added.

    “Unruly, the viral digital advertising company acquired late last year, has been swiftly integrated into many of our companies, bringing cutting-edge metrics and a savvy social sensibility. We are developing advertising products for clients keen to benefit from the rise of video and mobile, and taking advantage of our world-class mastheads which are increasingly powerful platforms, editorially and commercially,” Thomson said.

    “Macro-economic conditions in most of our markets have not been auspicious, and foreign exchange fluctuations have been particularly volatile, but we believe in the enduring value of our prestigious brands and the sound logic of our digital strategy,” he added.

    Segment results

    News and Information Services segment

    News and Information Services segment revenues have been mentioned above. News Corp says that total segment advertising revenues declined 12 per cent, primarily due to weakness in print advertising, negative foreign currency fluctuations and lower revenues at News America Marketing, partially offset by growth in digital advertising revenues, including at Dow Jones, where digital revenues accounted for approximately one-third of advertising revenues in the quarter. Circulation and subscription revenues declined five per cent, due to negative foreign currency fluctuations. Growth in paid digital subscribers in the US and Australia, higher subscription pricing and selected cover price increases offset print volume declines and the impact from the change in the digital strategy at The Sun. At Dow Jones, the company continued to see modest growth of professional information business revenues.

    Segment EBITDA decreased $58 million in Q2-2016 to $158 million as compared $216 million in Q2-2015. Adjusted Segment EBITDA decreased 22 per cent compared to the prior year, driven by lower advertising revenues, higher promotion and marketing costs in the UK and transaction costs of $5 million related to the acquisition of Unruly.

    Book Publishing segment

    Book Publishing segment revenues mentioned above declined due to lower e-book sales, negative foreign currency fluctuations and lower revenues from the Divergent series, partially offset by strong sales in General Books resulting from the popularity of The Pioneer Woman Cooks: Dinnertime by Ree Drummond. Digital sales represented 16 per cent of consumer revenues for the quarter. Segment EBITDA for the quarter decreased $20 million, or 26 per cent, from the prior year, primarily due to the factors noted above. Adjusted revenues decreased three per cent and Adjusted Segment EBITDA decreased 25 per cent compared to the prior year.

    Digital Real Estate Services segment

    Digital Real Estate Services revenues mentioned above increased primarily driven by the inclusion of the results of Move, acquired in November 2014. At REA Group Limited, increased revenues from greater residential listing depth product penetration were offset by negative foreign currency fluctuations. Segment EBITDA in the quarter increased $16 million, or 28. per cent to $73 million, compared to the $57 million in the corresponding prior year quarter, primarily due to the increased revenues noted above and the absence of one-time transaction costs of $16 million related to the acquisition of Move, partially offset by negative foreign currency fluctuations.

    Cable Network Programming segment

    In Q2-2016, revenues decreased $6 million, or 5.4 per cent YoY to $106 million, compared to $112 million in the corresponding prior year quarter. Adjusted revenues increased 10 per cent, primarily due to higher affiliate and advertising revenues. Segment EBITDA in Q2-2016 decreased $15 million, or 27.8 per cent YoY to $39 million from $54 million as compared with the corresponding prior year period. Adjusted Segment EBITDA declined 22 per cent, primarily due to expected higher programming rights and production costs related to the Rugby World Cup of $11 million. Negative foreign currency fluctuations reduced reported revenues and Segment EBITDA for the second quarter of fiscal 2016 by $17 million and $3 million, respectively, as compared to the prior year.

    ‘Other’ segment

    Reported revenue for Q2-2016 was $1 million as compared to nil in Q2-2015. Segment EBITDA in the quarter improved by $5 million compared to the prior year, primarily due to lower fees and costs, net of indemnification, related to the claims and investigations arising out of certain conduct at The News of the World (UK Newspaper Matters). The net expense related to the UK Newspaper Matters was $7 million for the Q2-2016 as compared to $13 million for Q2-2016.

  • Q3-2016: Balaji revenue up 8%; reports higher programming hours

    Q3-2016: Balaji revenue up 8%; reports higher programming hours

    BENGALURU: Balaji Telefilms Limited reported eight per cent YoY growth in total income from operations (TIO) at Rs 78.65 for the quarter ended 31 December, 2015 (Q3-2016, current quarter) as compared to Rs 71.54 crore and 43.8 per cent QoQ jump from Rs 52.85 crore.

    Note:  (1)100,00,000 = 100 lakh = 10 million = 1 crore

    Commissioned programs in the current quarter increased 24.4 per cent YoY to 712.2 hours as compared to 572.7 hours and increased 47.6 per cent as compared to 482.6 hours in the immediate trailing quarter. Net realisation per hour of commissioned programs increased 17.5 per cent YoY to Rs 24.2 lakh as compared to Rs 20.6 lakh, and was almost flat QoQ as compared to Rs 24.3 lakh.

    The company’s revenue from commissioned programs segment in Q3-2016 increased 16.2 per cent YoY to Rs 72.01 crore as compared to Rs 61.97 crore and rose 40.7 per cent QoQ as compared to Rs 51.18. The segment’s operating profit in the current quarter more than doubled (by 2.5 times) YoY to Rs 18.94 crore and increased 45.7 per cent QoQ to Rs 13 crore.

    Balaji’s other segment – Films, reported revenue of just Rs 1.12 crore in the current quarter as compared to Rs 0.13 crore in Q3-2015 and Rs 1.64 in the immediate trailing quarter. The Films’ segment reported operating loss of Rs 1.91 crore in the current quarter as compared to an operating loss of Rs 2.83 crore in Q3-2015 and an operating profit of Rs 0.06 crore in Q2-2016.

    Other consolidated numbers reported by Balaji Telefilms

    Total Expenditure in the current quarter declined 16.1 per cent YoY to Rs 68.68 crore as compared to Rs 81.81 crore, but increased 49.8 per cent as compared to Rs 45.85 crore in the immediate trailing quarter.

    The company’s cost of production/acquisition and telecast fees increased 5.7 per cent YoY to Rs 68.04 crore as compared to Rs 64.39 crore, but declined 15.3 per cent QoQ as compared to Rs 80.22 crore.

    Staff cost increased 16.9 per cent YoY to Rs 4.89 crore as compared to Rs 4.19 crore but reduced 1.2 per cent QoQ as compared to Rs 4.95.

    Balaji Telefilms standalone numbers

    Balaji Telefilms’ YoY standalone profit after tax (PAT) catapulted more than six-fold at Rs 20.66 crore (28.7 per cent margin) as compared to Rs 3.09 crore (5.4 per cent margin) and was double QoQ as compared to Rs 10.31 crore (20.2 per cent standalone margin) in the immediate trailing quarter. 
    The company reported 26 per cent YoY increase in standalone total income from operations (TIO) in the current quarter to Rs 72.3 crore from Rs 57.27 crore and 41 per cent jump from Rs 51.11 crore in Q2-2016.

    Standalone EBIDTA more than quadrupled (by 4.24 times) YoY in Q3-2016 at Rs 18.05 crore as compared to Rs 4.25 crore and almost doubled (up 94 per cent) as compared to Rs 9.32 crore in the immediate trailing quarter.

  • Q3-2016: Balaji revenue up 8%; reports higher programming hours

    Q3-2016: Balaji revenue up 8%; reports higher programming hours

    BENGALURU: Balaji Telefilms Limited reported eight per cent YoY growth in total income from operations (TIO) at Rs 78.65 for the quarter ended 31 December, 2015 (Q3-2016, current quarter) as compared to Rs 71.54 crore and 43.8 per cent QoQ jump from Rs 52.85 crore.

    Note:  (1)100,00,000 = 100 lakh = 10 million = 1 crore

    Commissioned programs in the current quarter increased 24.4 per cent YoY to 712.2 hours as compared to 572.7 hours and increased 47.6 per cent as compared to 482.6 hours in the immediate trailing quarter. Net realisation per hour of commissioned programs increased 17.5 per cent YoY to Rs 24.2 lakh as compared to Rs 20.6 lakh, and was almost flat QoQ as compared to Rs 24.3 lakh.

    The company’s revenue from commissioned programs segment in Q3-2016 increased 16.2 per cent YoY to Rs 72.01 crore as compared to Rs 61.97 crore and rose 40.7 per cent QoQ as compared to Rs 51.18. The segment’s operating profit in the current quarter more than doubled (by 2.5 times) YoY to Rs 18.94 crore and increased 45.7 per cent QoQ to Rs 13 crore.

    Balaji’s other segment – Films, reported revenue of just Rs 1.12 crore in the current quarter as compared to Rs 0.13 crore in Q3-2015 and Rs 1.64 in the immediate trailing quarter. The Films’ segment reported operating loss of Rs 1.91 crore in the current quarter as compared to an operating loss of Rs 2.83 crore in Q3-2015 and an operating profit of Rs 0.06 crore in Q2-2016.

    Other consolidated numbers reported by Balaji Telefilms

    Total Expenditure in the current quarter declined 16.1 per cent YoY to Rs 68.68 crore as compared to Rs 81.81 crore, but increased 49.8 per cent as compared to Rs 45.85 crore in the immediate trailing quarter.

    The company’s cost of production/acquisition and telecast fees increased 5.7 per cent YoY to Rs 68.04 crore as compared to Rs 64.39 crore, but declined 15.3 per cent QoQ as compared to Rs 80.22 crore.

    Staff cost increased 16.9 per cent YoY to Rs 4.89 crore as compared to Rs 4.19 crore but reduced 1.2 per cent QoQ as compared to Rs 4.95.

    Balaji Telefilms standalone numbers

    Balaji Telefilms’ YoY standalone profit after tax (PAT) catapulted more than six-fold at Rs 20.66 crore (28.7 per cent margin) as compared to Rs 3.09 crore (5.4 per cent margin) and was double QoQ as compared to Rs 10.31 crore (20.2 per cent standalone margin) in the immediate trailing quarter. 
    The company reported 26 per cent YoY increase in standalone total income from operations (TIO) in the current quarter to Rs 72.3 crore from Rs 57.27 crore and 41 per cent jump from Rs 51.11 crore in Q2-2016.

    Standalone EBIDTA more than quadrupled (by 4.24 times) YoY in Q3-2016 at Rs 18.05 crore as compared to Rs 4.25 crore and almost doubled (up 94 per cent) as compared to Rs 9.32 crore in the immediate trailing quarter.

  • Q3-2016: Inox YoY revenue up 13.6, PAT up 9.1%

    Q3-2016: Inox YoY revenue up 13.6, PAT up 9.1%

    BENGALURU: Inox Leisure Limited (Inox) reported 13.6 per cent year-on year (YoY) increase in consolidated Total Income from Operations (TIO) in the quarter ended 31 December, 2015 (Q3-2016, current quarter) at Rs 341.71 crore as compared to Rs 300.76 but 3.8 per cent lower quarter-on-quarter (QoQ) as compared to Rs 355.38 crore.

    The YoY increase was driven by a 14.3 per cent YoY increase in gross box office (GBO) collection and a 17.8 per cent YOY increase in Food & Beverages (F&B) revenue in the current quarter. Inox reported GBO collection at Rs 230.69 crore as compared Rs 201.75 crore in Q3-2015. F&B revenue in the current quarter was Rs 65.16 crore as compared to Rs 55.63 crore in the corresponding prior year quarter. GBO collection and F&B revenue in the current quarter however declined 5.4 per cent each as compared to Rs 243.87 crore and Rs 69.24 crore respectively.

    Note: (1) 100,00,000 = 100 lakh = 10 million = 1 crore

    (2) Figures include Satyam Cineplexes Limited, which became wholly owned subsidiary of the company on 8 August 2014.

    Improved Box Office performance of a number of movies saw the company’s PAT in the current quarter increase 9.1 per cent YoY to Rs 15.60 crore (4.6 per cent margin) as compared to Rs 14.30 crore (4.8 per cent margin). PAT in the current quarter however declined 23.9 per cent QoQ as compared to Rs 20.51 crore (5.8 per cent margin) in the immediate trailing quarter.

    Performance of the top five movies by GBO performance accounted for 48 per cent of total GBO collection in the current quarter.

     

    The top five movies in terms of GBO collection in descending order were:

    1) Prem Ratan Dhan Payo: Rs 29.8 crore, 15 lakh footfalls

    2) Bajirao Mastani: Rs 29.6 crore, 14 lakh footfalls

    3) Dilwale: Rs 21.8 crore, 10 lakh footfalls

    4) Tamasha: Rs 16.3 crore, 9 lakh footfalls

    5) Pyaar Ka Punchnama 2: Rs 12.4 crore, 8 lakh footfalls

     

    Footfalls, occupancy rates & average ticket price

    Inox reported a 11 per cent increase in footfalls in the current quarter at 129 lakh as compared to the 116 lakh in the corresponding year ago quarter and 11 per cent lower QoQ as compared to 145 lakh in Q2-2016.

    Occupancy rate in Q3-2016 improved to 31 per cent as compared to the 27 per cent in Q3-2015 and slightly lower than the 32 per cent in the immediate trailing quarter.

    Average Ticket Price (APT) increased 32.3 per cent YoY in Q3-2016 to Rs 179 as compared to Rs 175 and increased 7.2 per cent QoQ as compared to Rs 167 in the immediate trailing quarter.

     

    Advertising, food & beverages & other operating revenues

    The company reported two per cent higher YoY advertising revenue in Q3-2016 at Rs 29.49 crore as compared to Rs 28.92 crore and 37.8 per cent higher QoQ as compared to Rs 21.40 crore in Q21-2016.

    Food and Beverages revenue (F&B) has been mentioned above.

    Other operating revenue increased 10.8 per cent YoY to Rs 16.02 crore in the current quarter as compared to Rs 14.46 crore, but declined 23.2 per cent as compared to Rs 20.87 crore in Q2-2016.

     

    Entertainment Tax, Distributors share and F&B costs, rents, etc

    Inox paid 16.5 per cent higher YoY entertainment tax in Q3-2016 at Rs 44.40 crore as compared to Rs 38.12 crore, but 6.7 per cent lower QQoQ as compared to Rs 47.57 crore in Q2-2016.

    Distributors share (exhibition cost) in Q3-2016 at Rs 64.54 crore declined 14.4 per cent as compared to Rs 75.37 crore and declined 25.5 per cent QoQ as compared to Rs 86.61 in Q2-2016.

    F&B costs in Q3-2016 increased 17.5 per cent YoY to Rs 15.95 crore as compared to Rs13.58 crore, but declined 9.4 per cent as compared to Rs 17.6 crore in Q2-2016.

    Total Expense in the current quarter increased 12.4 per cent YoY to Rs 308.97 crore as compared to Rs 274.89 crore, but reduced three per cent QoQ as compared to Rs 318.63 cror

     

  • Q3-2016: Inox YoY revenue up 13.6, PAT up 9.1%

    Q3-2016: Inox YoY revenue up 13.6, PAT up 9.1%

    BENGALURU: Inox Leisure Limited (Inox) reported 13.6 per cent year-on year (YoY) increase in consolidated Total Income from Operations (TIO) in the quarter ended 31 December, 2015 (Q3-2016, current quarter) at Rs 341.71 crore as compared to Rs 300.76 but 3.8 per cent lower quarter-on-quarter (QoQ) as compared to Rs 355.38 crore.

    The YoY increase was driven by a 14.3 per cent YoY increase in gross box office (GBO) collection and a 17.8 per cent YOY increase in Food & Beverages (F&B) revenue in the current quarter. Inox reported GBO collection at Rs 230.69 crore as compared Rs 201.75 crore in Q3-2015. F&B revenue in the current quarter was Rs 65.16 crore as compared to Rs 55.63 crore in the corresponding prior year quarter. GBO collection and F&B revenue in the current quarter however declined 5.4 per cent each as compared to Rs 243.87 crore and Rs 69.24 crore respectively.

    Note: (1) 100,00,000 = 100 lakh = 10 million = 1 crore

    (2) Figures include Satyam Cineplexes Limited, which became wholly owned subsidiary of the company on 8 August 2014.

    Improved Box Office performance of a number of movies saw the company’s PAT in the current quarter increase 9.1 per cent YoY to Rs 15.60 crore (4.6 per cent margin) as compared to Rs 14.30 crore (4.8 per cent margin). PAT in the current quarter however declined 23.9 per cent QoQ as compared to Rs 20.51 crore (5.8 per cent margin) in the immediate trailing quarter.

    Performance of the top five movies by GBO performance accounted for 48 per cent of total GBO collection in the current quarter.

     

    The top five movies in terms of GBO collection in descending order were:

    1) Prem Ratan Dhan Payo: Rs 29.8 crore, 15 lakh footfalls

    2) Bajirao Mastani: Rs 29.6 crore, 14 lakh footfalls

    3) Dilwale: Rs 21.8 crore, 10 lakh footfalls

    4) Tamasha: Rs 16.3 crore, 9 lakh footfalls

    5) Pyaar Ka Punchnama 2: Rs 12.4 crore, 8 lakh footfalls

     

    Footfalls, occupancy rates & average ticket price

    Inox reported a 11 per cent increase in footfalls in the current quarter at 129 lakh as compared to the 116 lakh in the corresponding year ago quarter and 11 per cent lower QoQ as compared to 145 lakh in Q2-2016.

    Occupancy rate in Q3-2016 improved to 31 per cent as compared to the 27 per cent in Q3-2015 and slightly lower than the 32 per cent in the immediate trailing quarter.

    Average Ticket Price (APT) increased 32.3 per cent YoY in Q3-2016 to Rs 179 as compared to Rs 175 and increased 7.2 per cent QoQ as compared to Rs 167 in the immediate trailing quarter.

     

    Advertising, food & beverages & other operating revenues

    The company reported two per cent higher YoY advertising revenue in Q3-2016 at Rs 29.49 crore as compared to Rs 28.92 crore and 37.8 per cent higher QoQ as compared to Rs 21.40 crore in Q21-2016.

    Food and Beverages revenue (F&B) has been mentioned above.

    Other operating revenue increased 10.8 per cent YoY to Rs 16.02 crore in the current quarter as compared to Rs 14.46 crore, but declined 23.2 per cent as compared to Rs 20.87 crore in Q2-2016.

     

    Entertainment Tax, Distributors share and F&B costs, rents, etc

    Inox paid 16.5 per cent higher YoY entertainment tax in Q3-2016 at Rs 44.40 crore as compared to Rs 38.12 crore, but 6.7 per cent lower QQoQ as compared to Rs 47.57 crore in Q2-2016.

    Distributors share (exhibition cost) in Q3-2016 at Rs 64.54 crore declined 14.4 per cent as compared to Rs 75.37 crore and declined 25.5 per cent QoQ as compared to Rs 86.61 in Q2-2016.

    F&B costs in Q3-2016 increased 17.5 per cent YoY to Rs 15.95 crore as compared to Rs13.58 crore, but declined 9.4 per cent as compared to Rs 17.6 crore in Q2-2016.

    Total Expense in the current quarter increased 12.4 per cent YoY to Rs 308.97 crore as compared to Rs 274.89 crore, but reduced three per cent QoQ as compared to Rs 318.63 cror

     

  • Q3-2016: Just Dial revenue up 11 percent; PAT down 16 percent

    Q3-2016: Just Dial revenue up 11 percent; PAT down 16 percent

    BENGALURU: Indian search engine and directory services provider Just Dial Limited (Just Dial) reported a 11 percent rise its total income from operations (TIO) in the quarter ended December 31, 2015 (Q3-2016, current quarter) to Rs 171.33 crore as compared 154.42 crore and was flat QoQ as compared to Rs 171.27 crore.

     

    Let us look at the other numbers reported by Just Dial

     

    Note: 100,00,000 = 100 lakh = 10 million = 1 crore

    The numbers in this report are unaudited and unconsolidated.

     

    Just Dial’s YoY PAT for Q3-2016 decreased 16 percent to Rs 26.99 crore (15.8 percent of TIO) as compared to Rs 32.14 crore (20.8 percent of TIO) and was 41.7 percent lower QoQ than Rs 46.30 crore (27 percent margin).

     

    Simple EBIDTA in Q3-2016 at Rs 37.40 crore (21.8 percent margin) was 25.4 percent lower YoY at Rs37.40 crore (21.8 percent margin) as compared to Rs 50.11 crore (32.5 percent margin) and was 5.8 percent lower QoQ as compared to Rs 39.72 crore (23.2 percent margin).

     

    The company’s Total Expenditure (TE) in Q3-2016 at Rs 142.01 crore (82.9 percent of TIO) was 2.6 percent higher YoY as compared to Rs 110.42 crore (71.5 percent of TIO) and was 1.8 percent higher QoQ as compared to Rs 139.44 crore.

     

    Employee Benefit Expense (EBE) is the major expense head for Just Dial. EBE in Q3-2016 at Rs 95.36 crore (55.7 percent of TIO) was 21.3 percent more YoY as compared to Rs 78.64 crore (50.9 percent of IO), but was 0.9 percent lower QoQ as compare to Rs 96.18.

  • Q3-2016: Just Dial revenue up 11 percent; PAT down 16 percent

    Q3-2016: Just Dial revenue up 11 percent; PAT down 16 percent

    BENGALURU: Indian search engine and directory services provider Just Dial Limited (Just Dial) reported a 11 percent rise its total income from operations (TIO) in the quarter ended December 31, 2015 (Q3-2016, current quarter) to Rs 171.33 crore as compared 154.42 crore and was flat QoQ as compared to Rs 171.27 crore.

     

    Let us look at the other numbers reported by Just Dial

     

    Note: 100,00,000 = 100 lakh = 10 million = 1 crore

    The numbers in this report are unaudited and unconsolidated.

     

    Just Dial’s YoY PAT for Q3-2016 decreased 16 percent to Rs 26.99 crore (15.8 percent of TIO) as compared to Rs 32.14 crore (20.8 percent of TIO) and was 41.7 percent lower QoQ than Rs 46.30 crore (27 percent margin).

     

    Simple EBIDTA in Q3-2016 at Rs 37.40 crore (21.8 percent margin) was 25.4 percent lower YoY at Rs37.40 crore (21.8 percent margin) as compared to Rs 50.11 crore (32.5 percent margin) and was 5.8 percent lower QoQ as compared to Rs 39.72 crore (23.2 percent margin).

     

    The company’s Total Expenditure (TE) in Q3-2016 at Rs 142.01 crore (82.9 percent of TIO) was 2.6 percent higher YoY as compared to Rs 110.42 crore (71.5 percent of TIO) and was 1.8 percent higher QoQ as compared to Rs 139.44 crore.

     

    Employee Benefit Expense (EBE) is the major expense head for Just Dial. EBE in Q3-2016 at Rs 95.36 crore (55.7 percent of TIO) was 21.3 percent more YoY as compared to Rs 78.64 crore (50.9 percent of IO), but was 0.9 percent lower QoQ as compare to Rs 96.18.