ITV

Category: Financials

  • Q3-2016: Den revenue up 31%, reports operating profit of Rs 43 crore

    Q3-2016: Den revenue up 31%, reports operating profit of Rs 43 crore

    BENGALURU: Den Networks Ltd reported 31 per cent YoY growth in consolidated Total Income from operations (TIO) in the quarter ended 31 December, 2015 (Q3-2016, current quarter) at Rs 352.18 crore as compared to Rs 268.81 crore. TIO increased 29.8 per cent QoQ as compared to Rs 271.29 crore. The company reported EBIDTA of Rs 42.99 crore (12.2 per cent margin) in the current quarter as compared to an operating profit of Rs 0.28 crore (0.1 per cent margin) in Q3-2015 and an operating loss of Rs 11.27 crore in the immediate trailing quarter.

     

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

     

    Den reported a lower YoY and QoQ consolidated loss of Rs 48.37 crore in the current quarter as compared to a loss of Rs 62.60 crore in Q3-2015 and a loss of Rs 75.23 crore in the immediate trailing quarter.

     

    Segment Revenue

     

    Three segments contribute to Den’s revenue: Cable distribution network segment (Cable); Broadband segment and Soccer segment

     

    Cable segment reported 26.3 per cent YoY revenue growth at Rs 326.43 crore as compared to Rs 258.55 crore and 24.1 per cent QoQ growth as compared to Rs 263.06 crore. The cable segment reported an operating profit of Rs 32.64 crore, an operating loss of Rs 0.35 crore in Q3-2015 and an operating loss of Rs 32.11 crore in the immediate trailing quarter.

     

    The company’s broadband segment revenue increased by over five times YoY (5.5 times) at Rs 11.96 crore (3.4 per cent of TIO) as compared to Rs 2.17 crore (0.8 per cent of TIO) and increased 58 per cent QoQ as compared to Rs 8.23 crore (three per cent of TIO). The segment’s YoY operating loss increased to Rs 19.57 crore as compared to Rs 12.37 crore, but reduced QoQ as compared to Rs 23.07 crore.

     

    Den’s Soccer segment reported revenue of Rs 13.97 crore as compared to Rs 8.09 crore in Q3-2015 and nil revenue in Q2-2016. Soccer segment reported lower YoY operating loss of Rs 26.11 crore as compared to Rs 35.21 crore, but higher QoQ than the Rs 8.57 crore.

     

    Den’s Total Expenditure in the current quarter increased 15.3 per cent YoY to Rs 365.23 crore (103.7 per cent of TIO) as compared to Rs 316.74 crore (117.8 per cent of TIO) and increased nine per cent QoQ as compared to Rs 335.04 crore (123.5 per cent).

     

    Content cost in Q3-2016 increased 19.9 per cent YoY to Rs 131.94 crore (37.5 per cent of TIO) as compared to Rs 110.06 crore (40.9 per cent of TIO), but reduced 3.5 per cent YoY as compared to Rs 136.77 crore (50.4 per cent of TIO).

     

    Finance costs in the current quarter reduced 15.7 per cent YoY to Rs 19.73 crore (5.6 per cent of TIO) as compared to Rs 23.41 crore (8.7 per cent of TIO) and reduced 7.2 per cent QoQ as compared to Rs 21.25 crore (7.8 per cent of TIO).

  • Q3-2016: Den revenue up 31%, reports operating profit of Rs 43 crore

    Q3-2016: Den revenue up 31%, reports operating profit of Rs 43 crore

    BENGALURU: Den Networks Ltd reported 31 per cent YoY growth in consolidated Total Income from operations (TIO) in the quarter ended 31 December, 2015 (Q3-2016, current quarter) at Rs 352.18 crore as compared to Rs 268.81 crore. TIO increased 29.8 per cent QoQ as compared to Rs 271.29 crore. The company reported EBIDTA of Rs 42.99 crore (12.2 per cent margin) in the current quarter as compared to an operating profit of Rs 0.28 crore (0.1 per cent margin) in Q3-2015 and an operating loss of Rs 11.27 crore in the immediate trailing quarter.

     

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

     

    Den reported a lower YoY and QoQ consolidated loss of Rs 48.37 crore in the current quarter as compared to a loss of Rs 62.60 crore in Q3-2015 and a loss of Rs 75.23 crore in the immediate trailing quarter.

     

    Segment Revenue

     

    Three segments contribute to Den’s revenue: Cable distribution network segment (Cable); Broadband segment and Soccer segment

     

    Cable segment reported 26.3 per cent YoY revenue growth at Rs 326.43 crore as compared to Rs 258.55 crore and 24.1 per cent QoQ growth as compared to Rs 263.06 crore. The cable segment reported an operating profit of Rs 32.64 crore, an operating loss of Rs 0.35 crore in Q3-2015 and an operating loss of Rs 32.11 crore in the immediate trailing quarter.

     

    The company’s broadband segment revenue increased by over five times YoY (5.5 times) at Rs 11.96 crore (3.4 per cent of TIO) as compared to Rs 2.17 crore (0.8 per cent of TIO) and increased 58 per cent QoQ as compared to Rs 8.23 crore (three per cent of TIO). The segment’s YoY operating loss increased to Rs 19.57 crore as compared to Rs 12.37 crore, but reduced QoQ as compared to Rs 23.07 crore.

     

    Den’s Soccer segment reported revenue of Rs 13.97 crore as compared to Rs 8.09 crore in Q3-2015 and nil revenue in Q2-2016. Soccer segment reported lower YoY operating loss of Rs 26.11 crore as compared to Rs 35.21 crore, but higher QoQ than the Rs 8.57 crore.

     

    Den’s Total Expenditure in the current quarter increased 15.3 per cent YoY to Rs 365.23 crore (103.7 per cent of TIO) as compared to Rs 316.74 crore (117.8 per cent of TIO) and increased nine per cent QoQ as compared to Rs 335.04 crore (123.5 per cent).

     

    Content cost in Q3-2016 increased 19.9 per cent YoY to Rs 131.94 crore (37.5 per cent of TIO) as compared to Rs 110.06 crore (40.9 per cent of TIO), but reduced 3.5 per cent YoY as compared to Rs 136.77 crore (50.4 per cent of TIO).

     

    Finance costs in the current quarter reduced 15.7 per cent YoY to Rs 19.73 crore (5.6 per cent of TIO) as compared to Rs 23.41 crore (8.7 per cent of TIO) and reduced 7.2 per cent QoQ as compared to Rs 21.25 crore (7.8 per cent of TIO).

  • Q3-2016: PVR revenue up 19%, PAT down 5.4%

    Q3-2016: PVR revenue up 19%, PAT down 5.4%

    BENGALURU: Indian motion picture exhibition, production and distribution house PVR Limited reported 19.2 per cent YoY growth in Total Income from Operations (TIO) for the quarter ended 31 December, 2015 (Q3-2016, current quarter).

     

    The exhibitor’s YoY PAT in the current quarter however declined 5.4 per cent. PVR reported TIO of Rs 500.45 crore in Q3-2016 as compared to Rs 419.71 crore in the corresponding year ago quarter. TIO in the current quarter was 5.4 per cent higher QoQ as compared to Rs 474.60 crore. The company reported PAT of Rs 29.88 crore (six per cent margin) in Q3-2016 as compared to PAT of Rs 31.59 crore (7.5 per cent margin). PAT in Q3-2016 declined 27.2 per cent QoQ as compared to Rs 41.05 crore (8.6 per cent margin).

     

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

    All numbers are consolidated unless stated otherwise

     

    Box Office performance:

     

    PVR’s top five box office performers in terms of Gross Box Office (GBO) were:

    1) Bajirao Mastani: GBO Rs 41.08 crore, Net Box Office (NBO) Rs 28.83 crore, Admits 16.6 lakh, Average Ticket Price Rs 242

     

    2) Prem Ratan Dhan Paayo: GBO Rs 36.29 crore; NBO Rs 26.12 crore, Admits 17.2 lakh, ATP 211

     

    3) Dilwale: GBO Rs 26.88 crore, NBO Rs 19.42 crore, Admits 11.6 lakh, ATP Rs 231

     

    4) Tamasha: GBO Rs 22.48 crore, NBO Rs 16.11 crore; Admits 11.2 lakh, ATP Rs 201

     

    5) Pyaar Ka Punchnama: GBO Rs 19.08 crore, NBO Rs 13.64 crore, Admits 10 lakh; ATP 191

     

    The top five movies contributed to about 43 per cent NBO as compared to 56 per cent in the corresponding year ago quarter.

     

    NBO in the current quarter increased nine per cent YoY to Rs 251.20 crore (50.2 per cent of TIO) as compared to Rs 230.66 crore (48.60 per cent of TIO). ATP in the current quarter increased eight per cent to Rs 200 as compared to Rs 185 in Q3-2015. Q3-2016 saw admits increase 16 per cent to 5.43 crore as compared to 4.69 crore in Q3-2015.

     

    Food and Beverages and Advertisement revenue:

     

    Food and Beverage (F&B) share of Total Revenue was 25 per cent of operating revenue in the current quarter at Rs 113.58 crore, which was 12.9 per cent more than the Rs 100.62 crore (25.3 per cent of operating revenue) in the corresponding year ago quarter. Advertising revenue in the current quarter was 15.2 per cent of operating revenue) at Rs 69.26 crore increased 28.6 per cent as compared to Rs 53.85 crore (13.5 per cent of Operating revenue).

     

    Let us look at the other numbers reported by PVR:

     

    The company’s Movie Exhibition segment reported 13.5 per cent YoY growth in revenue at Rs 445.80 crore as compared to Rs 392.88 crore, but a 0.7 per cent QoQ decline as compared to Rs 448.90 crore. The segment reported 8.7 per cent YoY increase in operating profit at Rs 54.42 crore as compared to Rs 50.08 crore but a 12.1 per cent QoQ decline as compared to Rs 61.90 crore.

     

    Movie Production segment reported operating revenue of Rs 42.64 crore in the current quarter, Rs 11.85 crore in Q3-2015 and Rs 8.56 crore in the immediate trailing quarter. The segment reported operating profit of Rs 0.91 crore in Q3-2016, an operating profit of Rs 0.43 crore in Q3-2015 and an operating loss of Rs 0.48 crore in Q2-2016.

     

    The ‘Others’ segment reported revenue of Rs 19.01 crore in Q3-2016, Rs 19 crore in Q3-2015 and Rs 19.05 crore in Q2-2016. The segment reported operating loss of Rs 0.40 crore in Q3-2016; operating loss of Rs 0.13 crore in Q3-2015 and an operating loss of Rs 0.65 crore in Q2-2016.

     

    Total expense in Q3-2016 at Rs 445.50 crore (89 per cent of TIO) increased 20.6 per cent YoY as compared to Rs 369.33 crore (88 per cent of TIO) and increased 7.7 per cent as compared to Rs 413.83 crore (87.2 per cent of TIO).

     

    The company’s film exhibition cost increased 5.8 per cent YoY at Rs 104.21 crore (20.8 per cent of TIO) as compared to Rs 98.49 crore (23.5 per cent of TIO), but declined 8.2 per cent as compared to Rs 113.53 crore (23.9 per cent of TIO).

     

    F&B and other cost in Q3-2016 increased 2.5 per cent YoY to Rs 30.80 crore (6.2 per cent of TIO) as compared to Rs 309.05 crore (7.2 per cent of TIO) but declined 3.8 per cent as compared to Rs 32.01 crore (6.7 per cent of TIO).

     

    Other expense in Q3-2016 almost doubled YOY (up 1.97 times) to Rs 78.53 crore as compared to Rs 39.85 crore (9.5 per cent of TIO) and increased 80.50 per cent QoQ to to Rs 43.51 crore (9.2 per cent of TIO).

  • Q3-2016: PVR revenue up 19%, PAT down 5.4%

    Q3-2016: PVR revenue up 19%, PAT down 5.4%

    BENGALURU: Indian motion picture exhibition, production and distribution house PVR Limited reported 19.2 per cent YoY growth in Total Income from Operations (TIO) for the quarter ended 31 December, 2015 (Q3-2016, current quarter).

     

    The exhibitor’s YoY PAT in the current quarter however declined 5.4 per cent. PVR reported TIO of Rs 500.45 crore in Q3-2016 as compared to Rs 419.71 crore in the corresponding year ago quarter. TIO in the current quarter was 5.4 per cent higher QoQ as compared to Rs 474.60 crore. The company reported PAT of Rs 29.88 crore (six per cent margin) in Q3-2016 as compared to PAT of Rs 31.59 crore (7.5 per cent margin). PAT in Q3-2016 declined 27.2 per cent QoQ as compared to Rs 41.05 crore (8.6 per cent margin).

     

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

    All numbers are consolidated unless stated otherwise

     

    Box Office performance:

     

    PVR’s top five box office performers in terms of Gross Box Office (GBO) were:

    1) Bajirao Mastani: GBO Rs 41.08 crore, Net Box Office (NBO) Rs 28.83 crore, Admits 16.6 lakh, Average Ticket Price Rs 242

     

    2) Prem Ratan Dhan Paayo: GBO Rs 36.29 crore; NBO Rs 26.12 crore, Admits 17.2 lakh, ATP 211

     

    3) Dilwale: GBO Rs 26.88 crore, NBO Rs 19.42 crore, Admits 11.6 lakh, ATP Rs 231

     

    4) Tamasha: GBO Rs 22.48 crore, NBO Rs 16.11 crore; Admits 11.2 lakh, ATP Rs 201

     

    5) Pyaar Ka Punchnama: GBO Rs 19.08 crore, NBO Rs 13.64 crore, Admits 10 lakh; ATP 191

     

    The top five movies contributed to about 43 per cent NBO as compared to 56 per cent in the corresponding year ago quarter.

     

    NBO in the current quarter increased nine per cent YoY to Rs 251.20 crore (50.2 per cent of TIO) as compared to Rs 230.66 crore (48.60 per cent of TIO). ATP in the current quarter increased eight per cent to Rs 200 as compared to Rs 185 in Q3-2015. Q3-2016 saw admits increase 16 per cent to 5.43 crore as compared to 4.69 crore in Q3-2015.

     

    Food and Beverages and Advertisement revenue:

     

    Food and Beverage (F&B) share of Total Revenue was 25 per cent of operating revenue in the current quarter at Rs 113.58 crore, which was 12.9 per cent more than the Rs 100.62 crore (25.3 per cent of operating revenue) in the corresponding year ago quarter. Advertising revenue in the current quarter was 15.2 per cent of operating revenue) at Rs 69.26 crore increased 28.6 per cent as compared to Rs 53.85 crore (13.5 per cent of Operating revenue).

     

    Let us look at the other numbers reported by PVR:

     

    The company’s Movie Exhibition segment reported 13.5 per cent YoY growth in revenue at Rs 445.80 crore as compared to Rs 392.88 crore, but a 0.7 per cent QoQ decline as compared to Rs 448.90 crore. The segment reported 8.7 per cent YoY increase in operating profit at Rs 54.42 crore as compared to Rs 50.08 crore but a 12.1 per cent QoQ decline as compared to Rs 61.90 crore.

     

    Movie Production segment reported operating revenue of Rs 42.64 crore in the current quarter, Rs 11.85 crore in Q3-2015 and Rs 8.56 crore in the immediate trailing quarter. The segment reported operating profit of Rs 0.91 crore in Q3-2016, an operating profit of Rs 0.43 crore in Q3-2015 and an operating loss of Rs 0.48 crore in Q2-2016.

     

    The ‘Others’ segment reported revenue of Rs 19.01 crore in Q3-2016, Rs 19 crore in Q3-2015 and Rs 19.05 crore in Q2-2016. The segment reported operating loss of Rs 0.40 crore in Q3-2016; operating loss of Rs 0.13 crore in Q3-2015 and an operating loss of Rs 0.65 crore in Q2-2016.

     

    Total expense in Q3-2016 at Rs 445.50 crore (89 per cent of TIO) increased 20.6 per cent YoY as compared to Rs 369.33 crore (88 per cent of TIO) and increased 7.7 per cent as compared to Rs 413.83 crore (87.2 per cent of TIO).

     

    The company’s film exhibition cost increased 5.8 per cent YoY at Rs 104.21 crore (20.8 per cent of TIO) as compared to Rs 98.49 crore (23.5 per cent of TIO), but declined 8.2 per cent as compared to Rs 113.53 crore (23.9 per cent of TIO).

     

    F&B and other cost in Q3-2016 increased 2.5 per cent YoY to Rs 30.80 crore (6.2 per cent of TIO) as compared to Rs 309.05 crore (7.2 per cent of TIO) but declined 3.8 per cent as compared to Rs 32.01 crore (6.7 per cent of TIO).

     

    Other expense in Q3-2016 almost doubled YOY (up 1.97 times) to Rs 78.53 crore as compared to Rs 39.85 crore (9.5 per cent of TIO) and increased 80.50 per cent QoQ to to Rs 43.51 crore (9.2 per cent of TIO).

  • FY-15: Facebook revenue grows 43.8%, net income up 25.4%

    FY-15: Facebook revenue grows 43.8%, net income up 25.4%

    BENGALURU: Facebook reported 43.8 per cent growth in revenue for the year ended 31 December, 2015 (FY-2015, current year) at $17,928 million as compared to $12,466 million in FY-2014. The company’s net income attributable to common Class A and Class B stockholders increased 25.4 per cent to $3,669 million (20.5 per cent margin) as compared to $2,925 million (23.5 per cent margin). For the quarter ended 31 December, 2015 (Q4-2105, current quarter), revenue increased 51.7 per cent YoY to $5,841 million as compared to $3,851 million, while net income attributable to common Class A and Class B stockholders more than doubled (up 2.23 times) YoY to $1,555 million (26.6 per cent margin) as compared to $696 million (18.1 per cent margin).

    “2015 was a great year for Facebook. Our community continued to grow and our business is thriving,” said Facebook founder and CEO Mark Zuckerberg. “We continue to invest in better serving our community, building our business, and connecting the world.”

    Approximately 95.3 per cent of Facebook’s revenue came from advertising in the current year as compared to 92.2 per cent in FY-2014, while the rest came from Payments and Other Fees. Please refer to Fig A below for revenue breakup in Advertising and Payments & Other Fees.

    A major portion of Facebook’s advertising revenue (almost 50 per cent) comes from the US and Canada (US-Can), followed by Europe (Eur, about 25 per cent). The Asia-Pacific (APAC) region contributes about 15 per cent, while the Rest of the World (ROW) about 10 per cent. Please refer to Fig 2 below for advertising revenue break-up by user geography.

    Facebook’s Daily Active Users (DAU) in Q4-2015 increased 16.6 per cent YoY to 1038 million from 890 million and increased 3.1 per cent QoQ from 1007 million. The number of Mobile DAUs in the current quarter increased 25.4 per cent YoY to 934 million from 745 million and increased 4.5 per cent QoQ from 894 million.

    Please refer to Fig 3 below. Facebook has the highest number of Daily Active Users (DAU) from ROW followed by APAC , Eur and US-Can respectively in terms of DAU. In other words, US-Canada and Europe’s DAUs, which amount to about 26 per cent, contribute about 75 per cent of Facebook’s advertising revenue, and the ROW and APac’s DAUs contribute about 25 per cent, reflecting higher ARPUs from US-Can, followed by Eur, APac and ROW in descending order.

    The curve B in Fig 3 below signifies the ratio of DAUs to Monthly Average Users (MAU), while curve A indicates the percentage of Mobile DAUs to DAUs.

    >

  • FY-15: Facebook revenue grows 43.8%, net income up 25.4%

    FY-15: Facebook revenue grows 43.8%, net income up 25.4%

    BENGALURU: Facebook reported 43.8 per cent growth in revenue for the year ended 31 December, 2015 (FY-2015, current year) at $17,928 million as compared to $12,466 million in FY-2014. The company’s net income attributable to common Class A and Class B stockholders increased 25.4 per cent to $3,669 million (20.5 per cent margin) as compared to $2,925 million (23.5 per cent margin). For the quarter ended 31 December, 2015 (Q4-2105, current quarter), revenue increased 51.7 per cent YoY to $5,841 million as compared to $3,851 million, while net income attributable to common Class A and Class B stockholders more than doubled (up 2.23 times) YoY to $1,555 million (26.6 per cent margin) as compared to $696 million (18.1 per cent margin).

    “2015 was a great year for Facebook. Our community continued to grow and our business is thriving,” said Facebook founder and CEO Mark Zuckerberg. “We continue to invest in better serving our community, building our business, and connecting the world.”

    Approximately 95.3 per cent of Facebook’s revenue came from advertising in the current year as compared to 92.2 per cent in FY-2014, while the rest came from Payments and Other Fees. Please refer to Fig A below for revenue breakup in Advertising and Payments & Other Fees.

    A major portion of Facebook’s advertising revenue (almost 50 per cent) comes from the US and Canada (US-Can), followed by Europe (Eur, about 25 per cent). The Asia-Pacific (APAC) region contributes about 15 per cent, while the Rest of the World (ROW) about 10 per cent. Please refer to Fig 2 below for advertising revenue break-up by user geography.

    Facebook’s Daily Active Users (DAU) in Q4-2015 increased 16.6 per cent YoY to 1038 million from 890 million and increased 3.1 per cent QoQ from 1007 million. The number of Mobile DAUs in the current quarter increased 25.4 per cent YoY to 934 million from 745 million and increased 4.5 per cent QoQ from 894 million.

    Please refer to Fig 3 below. Facebook has the highest number of Daily Active Users (DAU) from ROW followed by APAC , Eur and US-Can respectively in terms of DAU. In other words, US-Canada and Europe’s DAUs, which amount to about 26 per cent, contribute about 75 per cent of Facebook’s advertising revenue, and the ROW and APac’s DAUs contribute about 25 per cent, reflecting higher ARPUs from US-Can, followed by Eur, APac and ROW in descending order.

    The curve B in Fig 3 below signifies the ratio of DAUs to Monthly Average Users (MAU), while curve A indicates the percentage of Mobile DAUs to DAUs.

    >

  • Q3-2016: Adlabs revenue up 8% on 22% footfall growth

    Q3-2016: Adlabs revenue up 8% on 22% footfall growth

    BENGALURU: Adlabs Entertainment Limited (Adlabs) reported a 7.8 per cent YoY growth in Total Income from operations (TIO) in the quarter ended 31 December, 2015 (Q3-2016) at Rs 73.19 crore as compared to Rs 67.92 crore and almost double (up 1.97 times) the Rs 37.21 crore reported for Q2-2016. The company reported a 22.5 per cent YoY growth in footfalls in the current quarter at 4,49,621 footfalls as compared to 3,67,019 footfalls and 81.2 per cent higher QoQ than the 2,48,123 footfalls in the immediate trailing quarter.

     

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

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

     

    The company’s EBIDTA in Q3-2016 increased 9.3 per cent YoY in the current quarter at Rs 14.78 crore (20.2 per cent margin) as compared to Rs 13.53 crore (19.9 margin) and a negative EBIDTA of Rs 6.26 crore in the immediate trailing quarter.

     

    Let us look at the other numbers reported by Adlabs

     

    Total Expenditure in Q3-2016 increased 9.8 per cent YoY to Rs 82.19 crore (112.3 per cent of TIO) as compared 74.84 crore (110.2 per cent of TIO) and was 26.5 per cent higher QoQ as compared to Rs 64.99 crore (174.7 per cent of TIO).

     

    A major expense head for Adlabs is Employee Benefits Expense (EBE). EBE in Q3-2016 declined 2.3 per cent YoY to Rs 14.06 crore (19.2 per cent of TIO) from Rs 14.39 crore (21.2 per cent of TIO) in Q3-2015, and declined 5.3 per cent QoQ from Rs 14.85 crore (39.9 per cent of TIO).

     

    Loss in the current quarter was higher YoY at Rs 25.2 crore as compared to Rs 22.39 crore, but lower QoQ as compared to Rs 34.73 crore in the immediate trailing quarter.

     

    Segment performance

     

    Five segments contribute to Adlabs revenue. They are: Tickets; Food and Beverages (F&B); Merchandise; Hotel; and Other Operations.

     

    The largest segment, Tickets reported a 10.4 per cent YoY decline in revenue in Q3-2016 at Rs 45.78 crore as compared to Rs 51.09 crore, but an 86.2 per cent QoQ increase as compared to Rs 24.58 crore. The segment reported a higher YoY operating loss at Rs 11.47 crore as compared to an operating loss of Rs 9.41 crore but lower QoQ operating loss as compared to Rs 28.17 crore.

     

    F&B segment reported 35.2 per cent YoY revenue growth at Rs 14.19 crore as compared to Rs 10.50 crore and more than double (2.17 times) QoQ as compared to Rs 6.53 crore. The segment reported a 14.4 per cent YoY growth in operating profit at Rs 4.79 crore as compared to Rs 4.19 crore and was more than triple (3.37 times) QoQ as compared to Rs 1.42 crore.

     

    Adlabs Merchandise segment reported 15.8 per cent higher revenue in Q3-2016 at Rs 6.23 crore as compared to Rs 5.38 crore in the corresponding year ago quarter and was 73 per cent more than the Rs 3.6 crore in the immediate trailing quarter. The segment reported more than double (2.5 times) YoY growth in operating profit at Rs 1.07 crore as compared to Rs 0.43 crore and 21.9 per cent higher QoQ operating profit as compared to Rs 0.88 crore.

     

    The Hotel segment is a new segment hence no comparable YoY numbers are available. QoQ, the segment reported over seven times (7.6 times) growth in revenue to Rs 4.73 crore as compared to Rs 0.62 crore. The segment reported a loss of Rs 1.89 crore in Q3-2016 as compared to a loss of Rs 0.61 crore in Q2-2016.

     

    Other Operations segment reported revenue of Rs 2.26 crore in the current quarter; Rs 0.96 crore in Q3-2015 and Rs 1.88 crore in Q2-2016. The segment reported operating profit of Rs 0.66 crore in Q3-2016, operating loss of Rs 0.45 crore in Q2-2015 and an operating profit of Rs 0.62 crore in Q2-2016.

     

    Company speak

     

    Adlabs CEO Kapil Bagla said, “The footfalls to both parks Imagica and Aquamagica put together in this quarter equals 4.49 lakh vs 3.67 lakh, signifying a growth of 23 per cent on YoY basis. We are also happy to share with you that on 27 December, 2015, we entertained the highest single day footfalls of 14,128 in Imagica. We are extremely enthused by the performance of our Hotel Novotel Imagica for Q3 average occupancy of the hotel stood at a healthy 75 per cent with an average room rate (ARR) of Rs 5,800 plus. The hotel has consistently generated excellent customer feedback and reviews. In December we achieved the milestone or entertaining three million guests in our parks in 2.5 years since the launch of Imagica in 2013, probably the fastest and highest ramp-up of any outdoor destination in the country.”

  • Q3-2016: Adlabs revenue up 8% on 22% footfall growth

    Q3-2016: Adlabs revenue up 8% on 22% footfall growth

    BENGALURU: Adlabs Entertainment Limited (Adlabs) reported a 7.8 per cent YoY growth in Total Income from operations (TIO) in the quarter ended 31 December, 2015 (Q3-2016) at Rs 73.19 crore as compared to Rs 67.92 crore and almost double (up 1.97 times) the Rs 37.21 crore reported for Q2-2016. The company reported a 22.5 per cent YoY growth in footfalls in the current quarter at 4,49,621 footfalls as compared to 3,67,019 footfalls and 81.2 per cent higher QoQ than the 2,48,123 footfalls in the immediate trailing quarter.

     

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

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

     

    The company’s EBIDTA in Q3-2016 increased 9.3 per cent YoY in the current quarter at Rs 14.78 crore (20.2 per cent margin) as compared to Rs 13.53 crore (19.9 margin) and a negative EBIDTA of Rs 6.26 crore in the immediate trailing quarter.

     

    Let us look at the other numbers reported by Adlabs

     

    Total Expenditure in Q3-2016 increased 9.8 per cent YoY to Rs 82.19 crore (112.3 per cent of TIO) as compared 74.84 crore (110.2 per cent of TIO) and was 26.5 per cent higher QoQ as compared to Rs 64.99 crore (174.7 per cent of TIO).

     

    A major expense head for Adlabs is Employee Benefits Expense (EBE). EBE in Q3-2016 declined 2.3 per cent YoY to Rs 14.06 crore (19.2 per cent of TIO) from Rs 14.39 crore (21.2 per cent of TIO) in Q3-2015, and declined 5.3 per cent QoQ from Rs 14.85 crore (39.9 per cent of TIO).

     

    Loss in the current quarter was higher YoY at Rs 25.2 crore as compared to Rs 22.39 crore, but lower QoQ as compared to Rs 34.73 crore in the immediate trailing quarter.

     

    Segment performance

     

    Five segments contribute to Adlabs revenue. They are: Tickets; Food and Beverages (F&B); Merchandise; Hotel; and Other Operations.

     

    The largest segment, Tickets reported a 10.4 per cent YoY decline in revenue in Q3-2016 at Rs 45.78 crore as compared to Rs 51.09 crore, but an 86.2 per cent QoQ increase as compared to Rs 24.58 crore. The segment reported a higher YoY operating loss at Rs 11.47 crore as compared to an operating loss of Rs 9.41 crore but lower QoQ operating loss as compared to Rs 28.17 crore.

     

    F&B segment reported 35.2 per cent YoY revenue growth at Rs 14.19 crore as compared to Rs 10.50 crore and more than double (2.17 times) QoQ as compared to Rs 6.53 crore. The segment reported a 14.4 per cent YoY growth in operating profit at Rs 4.79 crore as compared to Rs 4.19 crore and was more than triple (3.37 times) QoQ as compared to Rs 1.42 crore.

     

    Adlabs Merchandise segment reported 15.8 per cent higher revenue in Q3-2016 at Rs 6.23 crore as compared to Rs 5.38 crore in the corresponding year ago quarter and was 73 per cent more than the Rs 3.6 crore in the immediate trailing quarter. The segment reported more than double (2.5 times) YoY growth in operating profit at Rs 1.07 crore as compared to Rs 0.43 crore and 21.9 per cent higher QoQ operating profit as compared to Rs 0.88 crore.

     

    The Hotel segment is a new segment hence no comparable YoY numbers are available. QoQ, the segment reported over seven times (7.6 times) growth in revenue to Rs 4.73 crore as compared to Rs 0.62 crore. The segment reported a loss of Rs 1.89 crore in Q3-2016 as compared to a loss of Rs 0.61 crore in Q2-2016.

     

    Other Operations segment reported revenue of Rs 2.26 crore in the current quarter; Rs 0.96 crore in Q3-2015 and Rs 1.88 crore in Q2-2016. The segment reported operating profit of Rs 0.66 crore in Q3-2016, operating loss of Rs 0.45 crore in Q2-2015 and an operating profit of Rs 0.62 crore in Q2-2016.

     

    Company speak

     

    Adlabs CEO Kapil Bagla said, “The footfalls to both parks Imagica and Aquamagica put together in this quarter equals 4.49 lakh vs 3.67 lakh, signifying a growth of 23 per cent on YoY basis. We are also happy to share with you that on 27 December, 2015, we entertained the highest single day footfalls of 14,128 in Imagica. We are extremely enthused by the performance of our Hotel Novotel Imagica for Q3 average occupancy of the hotel stood at a healthy 75 per cent with an average room rate (ARR) of Rs 5,800 plus. The hotel has consistently generated excellent customer feedback and reviews. In December we achieved the milestone or entertaining three million guests in our parks in 2.5 years since the launch of Imagica in 2013, probably the fastest and highest ramp-up of any outdoor destination in the country.”

  • Airtel DTH revenue up 19% on higher subscriber additions & ARPU

    Airtel DTH revenue up 19% on higher subscriber additions & ARPU

    BENGALURU: The 31 December, 2015 deadline for Digital Addressable System (DAS) Phase III has been a boost for the carriage industry in subscriber additions, revenues, and operating profits. Buoyed by the government’s decision to stick to deadlines for digitisation, the direct-to-home (DTH) industry in India is continuing its bloom run, if one were to go by the results reported by Bharti Airtel for its Digital TV services (Airtel DTH) for the quarter ended 31 December, 2015 (Q3-2016, current quarter).

     

    Revenue in Q3-2016 increased 19 per cent to Rs 742.2 crore, up 19 per cent YoY as compared to Rs 623.4 crore. EBIDTA for Q3-2016 grew 45 per cent to Rs 247.4 crore (33.3 per cent margin) as compared to Rs 170.7 crore (27.4 per cent margin).

     

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

     

    The segment’s subscriber base grew 13.2 per cent YoY to 111.06 lakh in the current quarter as compared to 98.10 lakh and grew five per cent as compared to 105.76 lakh in the immediate preceding quarter. Though in US dollar terms, average revenue per user (ARPU) was constant YoY and QoQ at $3.5, in Indian rupees it has increased seven per cent YoY to Rs 229 from Rs 214 and increased two per cent QoQ from Rs 224. Given that the deadline for DAS phase III was 31 December, 2015, Airtel DTH segment reported 5.30 lakh net subscriber additions in the current quarter, which was almost double (1.96 times) the 2.70 lakh subscriber additions in Q3-2015 and more than triple (3.2 times) the 1.64 lakh subscribers added in Q2-2016.

     

    Subscriber churn in Q3-2016 was lower at 0.7 per cent as compared to one per cent in Q3-2015 and 1.3 per cent in the immediate trailing quarter.

     

    Airtel’s CAPEX for its DTH segment more than doubled (by 2.1 times) to Rs 342.2 crore as compared to Rs 163 crore in Q3-2015. Airtel’s cumulative investments in its DTH segment increased 17 per cent YoY to Rs 6177 crore as compared to Rs 5494.8 crore.

  • Airtel DTH revenue up 19% on higher subscriber additions & ARPU

    Airtel DTH revenue up 19% on higher subscriber additions & ARPU

    BENGALURU: The 31 December, 2015 deadline for Digital Addressable System (DAS) Phase III has been a boost for the carriage industry in subscriber additions, revenues, and operating profits. Buoyed by the government’s decision to stick to deadlines for digitisation, the direct-to-home (DTH) industry in India is continuing its bloom run, if one were to go by the results reported by Bharti Airtel for its Digital TV services (Airtel DTH) for the quarter ended 31 December, 2015 (Q3-2016, current quarter).

     

    Revenue in Q3-2016 increased 19 per cent to Rs 742.2 crore, up 19 per cent YoY as compared to Rs 623.4 crore. EBIDTA for Q3-2016 grew 45 per cent to Rs 247.4 crore (33.3 per cent margin) as compared to Rs 170.7 crore (27.4 per cent margin).

     

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

     

    The segment’s subscriber base grew 13.2 per cent YoY to 111.06 lakh in the current quarter as compared to 98.10 lakh and grew five per cent as compared to 105.76 lakh in the immediate preceding quarter. Though in US dollar terms, average revenue per user (ARPU) was constant YoY and QoQ at $3.5, in Indian rupees it has increased seven per cent YoY to Rs 229 from Rs 214 and increased two per cent QoQ from Rs 224. Given that the deadline for DAS phase III was 31 December, 2015, Airtel DTH segment reported 5.30 lakh net subscriber additions in the current quarter, which was almost double (1.96 times) the 2.70 lakh subscriber additions in Q3-2015 and more than triple (3.2 times) the 1.64 lakh subscribers added in Q2-2016.

     

    Subscriber churn in Q3-2016 was lower at 0.7 per cent as compared to one per cent in Q3-2015 and 1.3 per cent in the immediate trailing quarter.

     

    Airtel’s CAPEX for its DTH segment more than doubled (by 2.1 times) to Rs 342.2 crore as compared to Rs 163 crore in Q3-2015. Airtel’s cumulative investments in its DTH segment increased 17 per cent YoY to Rs 6177 crore as compared to Rs 5494.8 crore.