ITV

Category: Financials

  • Q3-2015: E. W. Scripps revenue up 49%; Retransmission revenue doubles

    Q3-2015: E. W. Scripps revenue up 49%; Retransmission revenue doubles

    BENGALURU: The E.W. Scripps Company (EWS) reported 49.2 per cent YoY growth in consolidated revenue from continuing operations for the quarter ended 30 September, 2015 (Q3-2015, current quarter) at $189.69 million as compared to $123.13 million in the corresponding year ago quarter.

     

    The company’s advertisement revenue in the current quarter increased 39.8 per cent to $144.98 million as compared to the $103.70 million in the corresponding year ago quarter. Retransmission revenue more than doubled YoY (was 2.4 times) at $36.29 million as compared to $15.24 million in Q3-2014. ‘Other’ revenues also more than doubled to $ 8.42 million from $4.19 million in the year ago quarter.

     

    EWS net loss for Q3-2015 increased to $24.44 million as compared to the loss of $1.34 million in Q3-2014. EWS reported net loss of $24.44 million from continuing operation as compared to a profit of $1.04 million in Q3-2014. Net loss from discontinued operations in the current quarter was NIL as compared to a net loss of $2.38 million in Q3-2014. 

     

    Net loss per basic share of common stock was $0.29 in the current quarter as compared to a net income of $0.02 in Q2-2014.

     

    EWS chairman, president and CEO Rich Boehne said, “Third-quarter performance in our core broadcast television business was aided by a comeback in automotive advertising and a leap in retransmission fees. The increase in retransmission revenue alone offset the decline in political advertising revenue in the off-cycle year.”

     

    “In our TV markets we’re setting the stage for 2016, when increases in local news ratings, a 50 percent increase in retransmission fees, and presidential election spending across an expanded footprint of potential swing states should come together for a strong performance,” he added. 

     

    “Also in the third quarter, we expanded our reach into the fast-growing over-the-top media marketplace with the accelerated rollout of our OTT video news service Newsy. This service aimed at millennial news audiences now also includes OTT distribution on Apple TV, Comcast’s Watchable, Roku, Amazon’s Fire TV, Google Chromecast, PlutoTV and Xumo, with more to come shortly. Our expanded ambition for Newsy, changes in the marketplace, and our commitment to invest in this strategy led us to a pivot in the business model,” he said. 

     

    “On the audio side of our over-the-top strategy, we purchased Midroll, a leading podcast producer and advertising network, and then launched its subscription-based app, Howl, to strong response. Not only is Midroll a growing content play for mobile-media consumers, it’s also designed to be an alternative advertising model that largely defies ad blocking.”

     

    “While working to build value through our current and evolving businesses, we also used our strong balance sheet and cash flow to repurchase shares. We expect our overall financial position to further strengthen as we move through the presidential election year and top our four-year business cycle.”

     

    Segment numbers

     

    The company has four segments: Television, Radio, Digital, Syndication and other.

     

    EWS’ Television segment revenue in the current quarter increased 35.2 per cent to $157.44 million $116.44 million in the corresponding year ago quarter. Operating income for the segment in Q3-2015 increased two per cent to $31.71 million from $30.51 million in the corresponding year ago quarter.

     

    On 1 April, 2015, EWS acquired the broadcast group owned by Journal Communications, Inc. The businesses acquired included 12 television stations and 34 radio stations. EWS’ Radio segment reported revenue in Q3-2015 of $20.42 million. The segment reported operating income of $4.07 million in the current quarter.

     

    EWS’ Digital segment revenues in the current quarter more than doubled to $10.86 million as compared to the $5.36 million in q2-2014. The segment reported lower operating loss of $3.64 million in the current quarter as compared to $6.21 million in Q2-2014.

     

    EWS’ Syndication and other segment reported 27.8 per cent decline in operating revenue to $0.97 million as compared to $1.35 million in the corresponding year ago quarter. The segment’s loss in the current quarter declined to $0.57 million from $0.67 million in the corresponding year ago quarter.

  • Q2-2016: DQ Entertainment PAT up 45.6%

    Q2-2016: DQ Entertainment PAT up 45.6%

    BENGALURU: The Tapas Chakravarti led DQ Entertainment (International) Limited (DQEIL) reported 45.6 per cent YoY higher Profit after Tax (PAT) for the quarter ended 30 September, 2015 (Q2-2016, current quarter) at Rs 21.02 crore (43.9 per cent margin) from Rs 14.43 crore (27.4 per cent margin). The company had reported loss of Rs 12.65 crore in the immediate trailing quarter.

     

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

    (2) All numbers are consolidated unless stated otherwise.

     

    Segment Performance

     

    The company’s Animation segment reported an operating profit of Rs 20.66 crore in Q2-2016 from operating revenue of Rs 39.41 crore as compared to the operating profit of Rs 23.63 crore from operating revenue of Rs 39.94 crore in Q2-2015 and an operating profit of Rs 2.08 crore from operating revenue of Rs 23.93 crore in the immediate trailing quarter.

     

    The company’s distribution segment reported an operating loss of Rs 0.15 crore on operating revenue of Rs 8.45 crore in Q2-2016 as compared to the operating profit of Rs 12.02 crore on operating revenue of Rs 12.71 crore in Q2-2015 and an operating loss of Rs 6.51 crore on operating revenue of Rs 1.80 crore in Q1-2016.

     

    Let us look at the other numbers reported by DQEIL:

     

    DQEIL reported 9.1 per cent YoY reduction in total income from operations (TIO) in Q2-2016 to Rs 47.85 crore from Rs 52.64 crore, but an 86 per cent QoQ increase from Rs 25.73 crore.

     

    Total Expenditure in Q2-2016 increased 12.9 per cent YoY to Rs 28.50 crore (59.6 per cent of TIO)  from Rs 25.24 crore (47.9 per cent of TIO) but reduced 3.8 per cent QoQ from Rs  Rs 29.62 crore (115.1 per cent of TIO).

     

    The company’s finance expense in Q2-2016 was almost double (increased 98.1 percent) at Rs 14.86 crore (31.1 per cent of TIO) as compared to the Rs 7.50 crore (14.2 per cent of TIO) in Q2-2015 and increased 2.1 per cent QoQ from Rs 14.56 crore (56.6 per cent of TIO).

     

    DQEIL Production expense (PE) in Q2-2016 reduced 6.1 per cent YoY to Rs 1.67 crore (3.5 per cent of TIO) from Rs 1.78 crore (3.4 per cent of TIO) and reduced 55.5 per cent QoQ from Rs 3.75 crore (14.6 per cent of TIO).

     

    The company’s Employee Expense (EBE) in Q2-2016 at Rs 14.30 crore (29.9 per cent of TIO) reduced 6.8 per cent YoY from Rs 15.34 crore (29.1 per cent of TIO), but increased 7.5 per cent from Rs 13.30 crore (51.7 per cent of TIO) in Q1-2016.

  • Q2-2016: Sri Adhikari Brothers net sales up 27%; EBIDTA up 62%

    Q2-2016: Sri Adhikari Brothers net sales up 27%; EBIDTA up 62%

    BENGALURU: Sri Adhikari Brothers Television Network Limited (SABTVNL) reported 26.8 per cent YoY growth in Net Sales/Income from Operations (TIO) for the quarter ended 30 September, 2015 (Q2-2016, current quarter) at Rs 27.91 crore from Rs 22.01 crore. QoQ, the current quarter’s TIO increased 7.6 per cent from Rs 25.94 crore.

     

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

    (2) All numbers are standalone unless stated otherwise.

     

    The company’s simple EBIDTA without other income increased 61.8 per cent YoY to Rs 9.7 crore (34.7 per cent margin) from Rs 6 crore (27.2 per cent margin) and increased 3.5 per cent QoQ from Rs 9.37 crore (36.1 per cent margin).

     

    SABTVNL’s PAT for the current quarter declined 22.6 per cent YoY to Rs 2.11 crore (7.6 per cent margin) from Rs 2.93 crore (12.4 per cent margin), but increased 2.4 per cent QoQ from Rs 2.06 crore (8 per cent margin).

     

    Let us look at the other numbers reported by SABTVNL

     

    Total Expenditure in Q2-2016 increased 20.6 per cent YoY to Rs 22 crore (78.8 per cent of TIO) from Rs 18.24 crore (82.9 per cent of TIO) and increased 8.9 per cent QoQ from Rs 20.21 crore (77.9 per cent of TIO).

     

    Production/Direct Expense in the current quarter increased 12 per cent YoY to Rs 15.75 crore (56.4 per cent of TIO) from Rs 14.07 crore (63.9 per cent of TIO) and increased 12 per cent QoQ from Rs 14.07 crore (54.2 per cent of TIO).

     

    Employee Cost in Q2-2016 increased 30 per cent YoY to Rs 1.06 crore (3.8 per cent of TIO) from Rs 0.81 crore (3.7 per cent of TIO) and increased 7.7 per cent QoQ from Rs 0.98 crore (3.8 per cent of TIO).

     

    Finance costs in the current quarter more than doubled (2.45 times) YoY to Rs 2.59 crore (9.3 per cent of TIO) from Rs 1.06 crore (4.8 per cent of TIO), but reduced 4.1 per cent QoQ from Rs 2.69 crore (10.4 per cent of TIO).

  • Q2-2016: Eros revenue more than doubles; PAT up 80%

    Q2-2016: Eros revenue more than doubles; PAT up 80%

    BENGALURU: The Sunil Lulla led Eros International Media Limited (Eros) reported more than double the revenue (Consolidated Total Income from Operations or TIO) for the quarter ended 30 September, 2015 (Q2-2016, current quarter). TIO in the current quarter increased 110.5 per cent YoY to Rs 504.91 crore from Rs 239.90 crore and increased 6.9 per cent QoQ (quarter-on-quarter) from Rs 472.48 crore.

     

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

    All numbers in this are consolidated unless stated otherwise.

     

    Profit after tax (PAT) in the current quarter increased 80.1 per cent to Rs 90.30 crore (17.9 per cent margin) as compared to the Rs 50.14 crore (20.9 per cent margin) in Q2-2015 and increased 69.3 per cent from Rs 53.35 crore (11.3 per cent margin) in the immediate trailing quarter.

     

    The company is its earnings presentation says that it has already collected Rs 75.76 crore of receivables between 1 October and 7 November, 2015. Eros says that as on 30 September, 2015, its total receivables stood at Rs 629.96 crore as compared to Rs 524.74 crore six months ago on 31 March, 2015. The company plans to bring this figure down to Rs 525 crore by the end of the current fiscal. Receivables over 365 days stood at Rs 34.7 crore.

     

    Further, Eros’ days sales outstanding (DSO) improved to 119 days compared to 133 days on 31 March, 2015. This includes TechZone’s debtors, which have higher DSO due to delayed payments from telecom operators.

     

    Eros International Plc Group CEO Jyoti Deshpande said, “In spite of our strong business fundamentals and material changes since our March and June results, both of which were positive, we recently became a target of an anonymous attack resulting in great volatility of our stock price. We have already responded in detail to this attack. We expect to follow the strong growth and profitability showcased in our Indian subsidiary results with positive results for Eros International soon after these results.”

     

    Lulla said, ”We are pleased announce a continued strong performance in the second quarter backed by multiple record breaker Bajrangi Bhaijaan starring Salman Khan that became one of the biggest movie in Bollywood history, laugh riot Welcome Back and Mahesh Babu starrer Telugu film Srimanthudu that registered brilliant box office performances.”

     

    “The core building blocks of business strategy continues to be to having a balanced portfolio of films, strong presales, and healthy catalogue monetisation that leads to a high degree of predictability to our business,” he added. 

     

    “In this quarter, we are excited to release the much anticipated Sanjay Leela Bhansali’s magnum opus Bajirao Mastani to light up your holiday season and the remainder of the fiscal has a string of high profile movies that include Tamil film, Surya’s 24; Telugu films Dictator and Pawan Kalyan’s Sardar and the much travelled film festival favourite Aligarh. We have also picked up momentum in the regional markets with releases lined up in Punjabi, Marathi, Bengali and Malayalam,” Lulla further informed.

     

     

    Revenue breakup

     

    The company says that growth in revenues was driven by a strong portfolio of films supported by a healthy contribution from theatrical, overseas, satellite and ‘others’.

     

    Eros breakup of revenue for Q2-2016: Theatrical Revenue – 59.1 per cent; Overseas Revenue – 11.8 per cent; Television and others 29.1 per cent.

     

    Release Mix

     

    Portfolio by Product

     

    Eros released a total of 20 films in Q2-2016 as compared to 21 in the corresponding year ago quarter. The mix in the current quarter comprised three each of high and medium budget films, and 14 low budget films as compared to one high budget, three medium budget and 17 low budget films in Q2-2015.

     

    Portfolio by Language

     

    In terms of language, Eros released 16 Hindi, three Tamil/Telugu and one other language films in the current quarter as compared to 15 Hindi and six Tamil/Telugu films in Q2-2015.

     

    In line with Eros’s de-risking strategy, the company says that it registered strong pre-sales from theatrical, satellite and music rights exploitation for various movies released during the quarter.

     

    Let us look at the other numbers reported by Eros:

     

    Total Expenditure in the current quarter also more than doubled (went up 2.2 times) YoY to Rs 370.97 crore (73.5 per cent of TIO) as compared to Rs 168.19 (70.1 per cent of TIO), but declined 3.5 per cent QoQ from Rs 384.32 crore (81.3 per cent of TIO) in the immediate trailing quarter.

     

    Eros says that direct costs in the current quarter mainly increased because of increase in marketing costs due the mix of films comprised more high and medium budget films, increased amortisation charge as well overflows accrued to co-producers as a result of high performance of films.

     

    The company’s EBIT (Earnings before Interest and Taxes) increased 92.8 per cent YoY to Rs 139.01 crore (27.5 per cent margin from Rs 73.79 crore (30.7 per cent margin) and increased 44.4 per cent QoQ from Rs 96.27 crore (20.4 per cent margin).

     

    Employee Benefits Expense (EBE) in the current quarter increased 112.6 per cent YoY to Rs 14.29 crore (2.8 per cent of TIO) from Rs 6.72 crore (2.8 per cent of TIO) and increased 31.2 per cent QoQ from Rs 10.89 crore (2.3 per cent of TIO).

  • Q2-2016: Siti Cable revenue up 6.8% at Rs 234.2 crore

    Q2-2016: Siti Cable revenue up 6.8% at Rs 234.2 crore

    BENGALURU: The Essel Group’s Subhash Chandra led Siti Cable Network Limited (Siti Cable) reported 6.8 per cent YoY growth in operating revenue (total income from operations, or TIO) for the quarter ended 30 September, 2015 (Q2-2016, current quarter) at Rs 234.21 crore from Rs 219.25 crore and a 2.7 per cent QoQ increase from Rs 228.09 crore.

     

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

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

     

    EBIDTA including other income in the current quarter increased 12.5 per cent YoY to Rs 51.53 crore (22 per cent margin) from Rs 45.79 crore (20.9 per cent margin) and increased 35.2 per cent QoQ from Rs 38.10 crore (16.7 per cent margin).

     

    The company reported a loss of Rs 22.92 crore (almost flat) YoY as compared to the loss of Rs 22.87 crore, but lower than the loss of Rs 27.71 crore in Q1-2016.

     

    Subscription numbers

     

    The company says that it added 3.30 lakh digital video subscribers in the current quarter as compared to two lakh additions in the immediate trailing quarter. Its digital cable subscriber base has increased 59 lakh from 56 lakh. Overall the company claims a cable subscriber base of 107 lakh, same as the corresponding quarter of last fiscal.

     

    Subscription revenue in the current quarter increased 2.6 per cent YoY to Rs 138.50 crore from Rs 135 crore and increased 7.4 per cent QoQ from Rs 129 crore. Carriage revenue in the current quarter increased 2.7 per cent YoY to Rs 60.30 crore from Rs 58.70 crore but reduced 17.3 per cent QoQ from Rs 72.90 crore. 

     

    Activation revenue in the current quarter increased 78 per cent to Rs 19.40 crore from Rs 10.90 crore in the corresponding year ago quarter and increased 48.1 per cent from Rs 13.10 crore in the immediate trailing quarter.

     

    Siti Cable says that it has added 16,950 broadband subscribers in Q2-2016, taking its broadband subscriber base 91,450 from 74,500 in the previous quarter. Broadband revenue increased 50 per cent YoY in Q2-2106 to Rs 9.30 crore from Rs 6.20 crore and increased 3.3 per cent QoQ from Rs 9 crore.

     

    Let us look at some of the other numbers reported by Siti Cable:

     

    The company’s Total Expenditure in the current quarter increased 9.2 per cent YoY to Rs 228.09 crore (97.4 per cent of TIO) from Rs 208.89 crore (95.3 per cent of TIO) and was flat (declined 0.05 per cent) QoQ as compared to Rs 228.21 crore (100.1 per cent of TIO).

     

    Pay channel costs in the current quarter increased 5.8 per cent to Rs 124.01 crore (52.9 per cent of TIO) as compared to Rs 117.23 crore (53.5 per cent of TIO), but declined 8.6 per cent QoQ from Rs 135.70 crore (50.5 per cent of TIO).

     

    Other expenses increased 4.8 per cent in the current quarter to Rs 50.07 crore (21.4 per cent of TIO) as compared to Rs 47.77 crore (21.8 per cent of TIO) and increased 15.6 per cent from Rs 43.32 crore (19 per cent of TIO) in Q1-2016.

     

    Siti Cable’s finance costs in the current quarter increased 15.8 per cent YoY to Rs 34.27 crore (14.6 per cent of TIO) from Rs 29.58 crore (13.5 per cent of TIO) and increased 1.1 per cent QoQ from Rs 33.90 crore (14.9 per cent of TIO).

     

    Company Speak

     

    Siti Cable executive director and CEO V D Wadhwa said, “A focus on improved operational performance resulted in EBITDA growth of 35.2 per cent and EBITDA Margin at 21.2 per cent, an expansion by 467 bps sequentially. We are looking to further streamline our Broadband operations to provide stellar customer experience. Our commitment to digitisation of Phase 3 areas remains and we expect this to gain further momentum in the coming quarter.”

  • Q3-2015: Dish Network net income up 34.2%; ARPU up 2.7%; subscriber base down

    Q3-2015: Dish Network net income up 34.2%; ARPU up 2.7%; subscriber base down

    BENGALURU: Dish Network Corporation reported revenue totalling $3.73 billion for the quarter ending 30 September, 2015 (current quarter, Q3-2015), compared to $3.68 billion for the corresponding period in 2014. Subscriber related revenue increased to $3.7 billion from $3.65 billion in the year-ago period.

     

    Net income attributable to Dish Network totalled $196 million for the current quarter, compared to net income of $146 million from the year-ago quarter. Diluted earnings per share for Q3-2015 were $0.42, compared with $0.31 during Q3-2014.

     

    For Q3-2015 and 9M-2015, Dish has included all of its Sling TV live, linear streaming over-the-top Internet-based television services in the company’s total Pay-TV metrics, including in the Pay-TV subscriber, Pay-TV ARPU and Pay-TV churn rate numbers set forth below. Sling TV subscribers are included net of disconnects.

     

    In the current quarter, Dish activated approximately 751,000 gross new Pay-TV subscribers, compared to approximately 691,000 gross new Pay-TV subscribers in Q3-2015. Net Pay-TV subscribers declined approximately 23,000 in Q3-2015, compared to a loss of approximately 12,000 in the third quarter of 2014.

     

    The company closed Q3-2015 with 13.909 million Pay-TV subscribers, compared to 14.041 million Pay-TV subscribers at the end Q3-2014. Pay-TV ARPU for the third quarter totalled $86.33, compared to the year-ago period’s Pay-TV ARPU of $84.39. Pay-TV subscriber churn rate was 1.86 per cent versus 1.67 per cent Q3-2014.

     

    Dish claims that its added approximately 13,000 net broadband subscribers in the current quarter, bringing its broadband subscriber base to approximately 608,000.

  • Q2-16-Radaan YoY revenue up 3.3%; EBIDTA up 18.7%

    Q2-16-Radaan YoY revenue up 3.3%; EBIDTA up 18.7%

    BENGALURU: Radaan Media Works India Limited (Radaan) reported a 3.3 per cent YoY increase for its Total Income for Operations (TIO) in the quarter ended 30 September, 2015 (Q2-2016, current quarter) at Rs 822.63 lakh as compared to Rs 796.08 lakh. QoQ, TIO increased 4.2 per cent from Rs 789.58 lakh.

     

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

    The numbers in this report are mentioned in Rs Lakh.

     

    The company’s operating profit (EBIDTA) in the current quarter increased 18.7 per cent YoY to Rs 74.3 lakh (nine per cent margin) from Rs 62.59 lakh (7.9 per cent margin) and increased 7.9 per cent QoQ from Rs 68.85 lakh (8.7 per cent margin).

     

    Profit after Tax (TAX) in Q2-2016 increased 35.1 per cent YoY to Rs 27.61 lakh (3.4 per cent margin) from Rs 20.44 lakh (2.6 per cent margin) and increased 27.1 per cent QoQ from Rs 21.72 lakh (2.8 per cent margin).

     

    Total Expenditure in the current quarter increased 1.8 per cent to Rs 764.29 lakh (92.9 per cent of TIO) as compared to the Rs 750.64 lakh (94.3 per cent of TIO) in Q2-2015 and was 3.7 per cent more than the Rs 737.29 lakh (93.4 per cent of TIO) in Q1-2016.

     

    Radaan’s expenses of tele-serials, events, etc in Q2-2016 increased 4.7 per cent to Rs 645.21 lakh (78.4 per cent of TIO) as compared to the Rs 616.20 lakh (77.4 per cent of TIO) in the corresponding year ago quarter and was 1.9 per cent more than the Rs 633.32 lakh (80.2 per cent of TIO).

     

    Employee Benefits Expense in the current quarter declined 2.7 per cent YoY to Rs 56.81 lakh (6.9 per cent of TIO) from Rs 58.38 lakh (7.3 per cent of TIO), but increased 9.3 per cent QoQ from Rs 51.96 lakh (6.6 per cent of TIO).

     

    Finance costs in theQ2-2016 increased 22.9 per cent to Rs 30.73 lakh (3.7 per cent of TIO) from Rs 25 lakh (3.1 per cent of TIO) in Q2-2015 and increased 0.5 per cent from Rs 30.57 lakh (3.9 per cent of TIO) in Q1-2015.

  • Q2-2016: Saregama’s YoY revenue up 35.6% at Rs 55.87 crore

    Q2-2016: Saregama’s YoY revenue up 35.6% at Rs 55.87 crore

    BENGALURU: Indian custodians of music company Saregama Limited (Saregama) reported 35.6 per cent YoY growth in revenue or Total Income from Operations (TIO) for the quarter ended 30 September, 2015 (Q2-2016, current quarter). The company reported TIO of Rs 55.87 crore in the current quarter as compared to Rs 41.20 crore in the corresponding year ago quarter and 7.5 per cent QoQ growth from Rs 51.97 crore.

     

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

     

    Saregama reported year on year (YoY) increase in profit after tax (PAT) in Q2-2016. PAT in the current quarter was Rs 2.59 crore (4.6 per cent margin), while in Q2-2015, it was 2.08 crore (five per cent margin). QoQ, PAT declined slightly (declined by 1.5 per cent) from Rs 2.63 crore (5.1 per cent margin).

     

    Segment Numbers

     

    The company classifies its numbers by the two segments– Music and Television Serials (Television).

     

    Saregama’s Music segment reported 26.9 per cent YoY growth in operating revenue in Q2-2016 at Rs 32.94 crore (59 per cent of TIO) from Rs 25.96 crore (63 per cent of TIO) and 15.9 per cent QoQ growth from Rs 28.41 crore (54.7 per cent of TIO).

     

    Music segment operating profit in Q2-2016 grew 66.1 per cent YoY to Rs 10.98 crore from Rs 6.61 crore, but declined 8.9 per cent QoQ from Rs 12.05 crore.

     

    Saregama’s Television segment reported operating revenue of Rs 22.86 crore (40.9 per cent of TIO), which was 50 per cent more than the Rs 15.24 crore (37 per cent of TIO) in Q2-2015, but three per cent lower than the Rs 23.56 crore (45.3 per cent of TIO) in Q1-2016.

     

    The company’s Television segment reported operating profit of Rs 3.49 core in the current quarter as compared to an operating profit of Rs 0.19 crore in Q2-2015 and an operating loss in Q1-2016 of Rs 0.34 crore.

     

    Let us look at the other numbers reported by Saregama

     

    Saregama also reports revenue from three streams – Net Sales Income, License Fee, and Other. Net Sales Income in Q2-2016 increased 52.1 per cent YoY to Rs 23.31 crore (41.7 per cent of TIO) from Rs 15.53 crore (37.2 per cent of TIO), but declined by 2.1 per cent QoQ from to Rs 23.80 crore (45.8 per cent of TIO).

     

    License Fees income in the current quarter increased 25.7 per cent YoY to Rs 32.44 crore (58.1 per cent of TIO) from Rs 25.80 crore (62.6 per cent of TIO) and increased 15.2 per cent from Rs 28.15 crore (54.2 per cent of TIO) in Q1-2016.

     

    Other Income in the current quarter was Rs 0.05 crore; Rs 0.07 crore in Q2-2015; and Rs 0.02 crore, in Q1-2016.

     

    Saregama’s Total Expense in the current quarter at Rs 54.14 crore (96.9 per cent of TIO) was 34.2 per cent more than the Rs 40.33 crore (97.9 per cent of TIO) in Q2-2015 and 10.5 per cent more than the Rs 49 crore (94.3 per cent of TIO) in Q1-2016.

     

    The company’s Royalty Fee expense in Q2-2016 at Rs 5.34 crore (9.6 per cent of TIO) increased 16.6 per cent YoY from Rs 4.58 crore (11.1 per cent of TIO) and increased 11.5 per cent QoQ from Rs 4.79 crore (9.2 per cent of TIO).

     

    Saregama’s advertising and sales promotion expense in Q2-2016 at Rs 4.2 crore (7.5 per cent of TIO) increased 35.9 per cent YoY from Rs 3.09 crore (7.5 per cent of TIO) and almost doubled (increased 97.2 per cent) QoQ from Rs 2.13 crore (4.1 per cent of TIO).

     

    Employee Benefit Expense in the current quarter at Rs 11.41 crore (20.4 per cent of IO) was 68.3 per cent more than the Rs 6.78 crore (16.5 per cent of TIO) in Q2-2015 and 29.7 per cent more than the Rs 8.80 crore (16.9 per cent of TIO) in the immediate trailing quarter.

  • Q1-16: Prime Focus YoY revenue up 28.1 percent

    Q1-16: Prime Focus YoY revenue up 28.1 percent

    BENGALURU: Prime Focus Limited (PFL) has reported a 28.1 percent YoY revenue growth for the quarter ending September 30, 2015 (Q1-2016, current quarter) at Rs 448.57 crore as compared to the Rs 350.17 crore in Q1-2015. However, QoQ, the company’s revenue declined 13.4 percent from Rs 518.21 crore.

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

    (2) The company had filed results for a fifteen month period ended June 30, 2014, hence YoY comparison is being done between Q1-2016 and Q1-2015 and QoQ comparison is between Q1-2016 and  Q4-2015 (quarter ended June, 2015).

    The company’s quarterly bottom line has been negatively affected due to significant exceptional costs primarily in relation to previously announced divestiture of PFL PLC and planned restructuring / integration costs in relation to the merger with Double Negative. In Q1-2016, this amounted to Rs 12.26 crore, in Q4-2015 it was 159.29 crore and in Q1-2015 this figure was Rs 34.27 crore.

    The company reported a net loss of Rs 22.51 crore in Q1-2016; a loss of Rs 22.01 crore in Q1-2015 and a loss of Rs 213.76 crore in the immediate trailing quarter Q4-2015.

    The company’s simple EBIDTA for Q1-2016 at Rs 52.07 crore (11.6 percent margin) more than quadrupled (4.7 times) YoY from Rs 11.19 crore (3.2 percent margin, but declined 39.6 percent from Rs 86.17 crore (16.6 percent margin) in Q4-2015.

    Let us look at the other numbers reported by PFL

    Figures A and B below show PFL’s major expense heads. As is obvious, a major expense head for the company is employee benefit expense or EBE.

    PFL’s EBE in Q1-2016 at Rs 282.57 crore (61.6 percent of TIO) increased 21.4 percent YoY from Rs 232.77 crore (60.4 percent of TIO) and increased 7.4 percent QoQ from Q4-2015 at Rs 263.11 crore (50.8 percent of TIO).

    Technician’s Fees in the current quarter increased 53.8 percent YoY to Rs 9.77 crore (2.2 percent of TIO) from Rs 6.35 crore (1.8 percent of TIO) and increased 6.1 percent QoQ from Rs 9.21 crore (1.8 percent of TIO)

    Fig B indicates that EBE also shows a linear upward trend in terms of percentage of TIO over the eleven quarters starting Q4-2013 until the current quarter Q1-2016.  EBE has been the highest in Q1-2016 (61.6 percent) in terms of absolute rupees, but in terms of percentage of TIO, it was highest in Q3-2015 at 64 percent

    Finance and Interest costs in Q1-2016 at Rs 17.75 crore (4 percent of TIO) increased 12 percent YoY from Rs 15.84 crore (4.5 percent of TIO), but declined 30.1 percent QoQ from Rs 25.39 crore (4.9 percent of TIO).

  • Q2-2016: Hathway brodband revenues rise 58 per cent; overall revenues up 4 per cent Y-on-Yercen

    Q2-2016: Hathway brodband revenues rise 58 per cent; overall revenues up 4 per cent Y-on-Yercen

    BENGALURU: Indian multi system operator (MSO) Hathway Cable and Datacom Limited (Hathway) has reported a four per cent YoY growth in standalone Total Income from Operations (TIO) in Q2-2016 (quarter ended 30 September, 2015, current quarter) at Rs 270.03 crore as compared to Rs 263.51 crore and 3.6 per cent QoQ revenue growth from Rs 264.41 crore in Q1-2016.

     

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

     

    Its focus on broadband appears to be yielding dividends. Its  broadband revenues of Rs 71.9 crore in the current quarter were 58.4 percent higher YoY than the Rs 45.4 crore, and 10.4 percent more than the Rs 65.1 crore in the immediate trailing quarter.

     

    The company says that its  broadband subscription base crossed 515,000 subscribers with 200,000  DOCSIS  3.0 subscribers. The company said that it had added 50,000 broadband subscribers in Q1-2016, and claimed a broadband subscriber base of 4.6 lakh, of which 1.7 lakh were under Docsis 3.0 then. Hathway says that its broadband ARPU increased 6.8 percent QoQ to Rs 616 from Rs 577.

     

    The company’s EBIDTA (excluding other income) in Q2-2016 declined 13 per cent YoY to Rs 34.39 crore (12.5 per cent margin), from 39.52 crore (9.9 per cent margin) but increased 5.1 per cent from Rs 32.73 crore (12.8 per cent margin) in the immediate trailing quarter.

     

    Hathway’s loss in the current quarter widened to Rs 48.94 crore as compared to Rs 39.26 crore in Q2-2015 and a loss of Rs 43.91 crore in Q1-2016.

     

    Subscription numbers

     

    Hathway’s television subscription revenue in Q2-2016 declined 3.2 percent YoY to Rs 107.5 crore as compared Rs 111 crore, but grew 1.9 percent QoQ from Rs 105.5 crore. The company says that it has seeded 77,000 set top boxes in this quarter and its digital subscriber base is 87 lakh or 72.5 percent of its total cable TV subscriber base of 120 lakh.

     

    Hathway reported Phase I ARPU at Rs. 100 (net of tax) and Phase II ARPU at Rs 76 (net of tax) in the current quarter as compared to Rs 76 (net of tax) in Q1-2016.

     

    Placement revenue in the current quarter increased 2.9 percent YoY to Rs 84.8 crore from Rs 82.4 crore and increased 1.2 percent QoQ from Rs 83.8 crore.

     

    Activation Revenue in Q2-2016 reduced to a little more than a fifth (1/4.7 times) at Rs 4.7 crore as compared to the Rs 22.1 crore in Q2-2015 and declined 14.5 percent QoQ from Rs 5.5 crore.

     

    Let us look at the other numbers reported by Hathway

     

    Hathway’s standalone Total Expenditure in Q2-2016 increased 9.9 percent to Rs 301.40 crore (110 percent of TIO) as compared to Rs 274.27 crore (104 percent of TIO in Q2-2015) and rose 3.6 percent from Rs 290.87 crore (110 percent of TIO in Q1-2016).

     

    Standalone Pay Channel cost in Q2-2016 increased 1.5 percent to Rs 98.27 crore as compared to Rs 96.81 crore (36.7 percent of TIO) and was 5.3 percent more than the Rs 93.32 crore (35.3 percent of TIO) in Q1-2016.

     

    Employee Benefit Expense in Q2-2016 increased 11.2 percent YoY to Rs 17.83 crore as compared to Rs 16.03 crore and increased 5.3 percent from Rs 17.21 crore in Q1-2016.