ITV

Category: Financials

  • Q1-2015: Saregama reports higher q-o-q results

    Q1-2015: Saregama reports higher q-o-q results

    BENGALURU:  Indian Custodians of music company Saregama Limited (Saregama) reported 18.2 per cent higher y-o-y results for the quarter ended June 30, 2014 (Q1-2015, current quarter).Income from operations (TIO) in Q1 2015 was Rs 42.31 crore as compared to the same quarter of 2014, which was Rs 35.81 crore and 2.4 per cent lower than the Rs 43.35 crore q-o-q. The company’s PAT for the current quarter at Rs 3.36 crore (7.9 per cent of TIO) was 47.5 per cent more than the Rs 1.83 crore (5.1 per cent of TIO) in Q1-2014, but was less than half (0.49 times) the Rs 6.75 crore (15.6 per cent of TIO) in Q4-2014.

     

    Saregama’s Net sales (net of excise duty) at Rs 15.07 crore (35.6 per cent of TIO) in Q1-2015 was 17.6 per cent higher than the Rs 12.82 crore (35.8 per cent of TIO) in Q1-2014 and 11.3 per cent higher than the Rs 12.82 crore (35.8 per cent of TIO) in Q4-2014.

     

    License fee income in Q1-2015 at Rs 27.12 crore (64.1 per cent of TIO) was 18.1 per cent more than the Rs 22.96 crore (64.1 per cent of TIO) in Q1-2014, but was 8.6 per cent lower than the Rs 29.68 crore (68.5 per cent of TIO) in Q4-2014.

     

    Click here to read more

  • Q1-2015: Loss due to commissioning delay, own project delivery recognition for DQ Entertainment

    Q1-2015: Loss due to commissioning delay, own project delivery recognition for DQ Entertainment

    BENGALURU: The Tapas Chakravarti led DQ Entertainment (International) Limited (DQEIL) reported consolidated loss of Rs 12.06 crore in the quarter ended 30 June, 2014 (Q1-2015, current quarter) as compared to a profit of Rs 6.63 crore (21.8 per cent of consolidated net income from operations or Total Income from Operations) in the corresponding quarter of last year (Q1-2014) and against a profit of Rs 14.66 crore (14.4 per cent of TIO) in the immediate trailing quarter Q4-2014).

     

    The company says that it is facing a financial strain on account of high receivables, but at the operational level it is cash positive. DQEIL claims that the current total contract value for the service/co-production projects signed and in discussions is about USD 63 million to be executed over the next 18 months. Also, the total contract value for the licensing and distribution deals signed is USD 10 million for FY-2015.

     

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

     

    The company explains that due to seasonality of its business, the first and third quarter results are generally lower than the results of the second and fourth quarters.  It attributes the decline in production revenues to two reasons – (1) DQEIL had completed and delivered a number of projects by March 2014, and final deliveries were done in April 2014. Commissioning of new projects did not get completed by April 2014, as has been the global trend. However, DQEIL assures that the commissioning of new projects has commenced and invoicing of the same will be done only on completion of milestones. (2) Out of DQEIL’s current on-going projects, four are in-house IP, for which distribution revenue would be recognised on milestone delivery basis.

     

    Click here to read more

  • Q1-2015: ENIL reports higher PAT; pares q-o-q marketing expense to less than third

    Q1-2015: ENIL reports higher PAT; pares q-o-q marketing expense to less than third

    BENGALURU:  Indian private FM player Entertainment Network (India) Limited (ENIL) reported higher q-o-q and y-o-y PAT for Q1-2015, while slashing its q-o-q marketing expense by 70 per cent.

     

    ENIL reported 14.6 per cent higher PAT at Rs 24.35 crore (26.1 per cent of TIO or net Total Income from Operations) in the current quarter as compared to Rs 21.24 crore (18.6 per cent of TIO) in the immediate trailing quarter and 22.3 per cent more than the Rs 19.92 crore (23.4 per cent of TIO) in the corresponding year ago quarter.

     

    Click here to read more

  • SAB TV reports higher 43 per cent y-o-y PAT for Q1-2015

    SAB TV reports higher 43 per cent y-o-y PAT for Q1-2015

    BENGALURU: Sri Adhikari Brothers Television Network Limited (SAB TV) reported higher 43.4 per cent PAT in Q1-2015 at Rs 2.63 crore (13.3 per cent of total income from operations or TIO) as compare to the Rs 1.83 crore (10.5 per cent of TIO) in the corresponding year ago quarter. The company had reported loss of Rs 3.6 crore in the immediate trailing quarter.

     

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

     

    SAB reported TIO of Rs 19.81 crore in Q1-2015, which was 13.1 per cent more than the Rs 17.52 crore in Q1-2014 and was 18.6 per cent more than the Rs 16.71 crore in Q4-2014.

     

    Let us look at the other numbers reported by SAB TV for Q1-2015

     

    SAB’s total expenditure was up 10.1 per cent at Rs 16.83 crore (84.9 per cent of TIO) in Q1-2015 as compared to the Rs 15.28 crore (87.2 per cent of TIO) in Q1-2014 and was 5 per cent lower than the Rs 17.72 crore (106.1 per cent of TIO) in Q4-2014.

     

    The company’s production direct expense (prodn exp) is a major part of the expenditure. In Q1-2015, SAB TV’s prodn exp at Rs 13.09 crore (66.1 per cent of TIO) which was 22.5 per cent more than the Rs 10.68 crore (61 per cent of TIO) in Q1-2014 and was 5.4 per cent lower than the Rs 13.83 crore (82.8 per cent of TIO) in Q4-2014.

     

    SAB TV paid 11.1 per cent less towards finance and interest charges in Q1-2015 at Rs 0.38 crore as compared to the Rs 0.42 crore in Q1-2014 and was less than half (47.3 per cent) of the Rs 0.8 crore in Q4-2014.

     

    Click here for the financial statement

  • Lower activation fees, new businesses make Den Networks post a subdued result, low PAT for Q1-2015

    Lower activation fees, new businesses make Den Networks post a subdued result, low PAT for Q1-2015

    BENGALURU: Den Networks Ltd (Den Networks) reported almost flat q-o-q result in Q1-2015. The company reported a slight drop in consolidated Total Income from Operations (TIO) in the current quarter at Rs 298.81 crore, down 1 per cent as compared to the Rs 301.86 crore in Q4-2014 and 11.2 per cent higher as compared to the Rs 268.70 crore in Q1-2014. Activation revenue dropped by Rs.47.5 crore in Q1-2015 as compared to the corresponding year ago quarter.

     

    The company says that Operational Revenue (excluding Activation Revenue) grew by 35.4 per cent y-o-y; subscription revenues grew by Rs 71.25 crores (82.7 per cent) y-o-y. The breakup of revenue from operations for Q1-2015 is: Subscription Rs 146 crore; placement revenue Rs 116 crore; digital activation revenue Rs 20 crore and other operating revenue of Rs 3 crore. Another breakup of revenue is revenue from cable Rs 284.6 crore, broadband revenue Rs 1 crore and soccer revenue-nil.

     

    Den Networks EBIDTA before other income in Q1-2015 fell 16.6 per cent to Rs 57.16 crore from Rs 68.57 crore in Q4-2014 and was 29.4 per cent lower than the Rs 80.94 crore in Q1-2014. The decline of Rs 23.78 crore (29.4 per cent) y-o-y comprises largely of losses on account of launch of broadband and soccer (Rs 12 crore) and lower activation revenue in cable business by Rs 42.75 crores.

     

    Notes:  100,00,000 = 100 lakhs = 10 million = 1 crore

     

    The company’s PAT in Q1-2015 at Rs 1.12 crore (0.4 per cent of TIO) which was about one ninth of the Rs 10.05 crore (3.3 per cent of TIO) in the immediate trailing quarter and also about one ninth of the Rs 10.15 crore (3.8 per cent of TIO) in Q1-2014.

     

    Let us look at the other numbers reported by Den Networks for Q1-2015

     

    Den Networks total expenditure in Q1-2015 at Rs 284.93 crore (95.4 per cent of TIO) was 5.9 per cent more than the Rs 269.18 crore (89.2 per cent of TIO) in Q4-2014 and was 24 per cent more than the Rs 229.69 crore (31.6 per cent of TIO) in the corresponding year ago quarter.

     

    One of the major components of total expenditure is content cost in the case of Den Networks. The company paid Rs 106.42 crore (35.6 per cent of TIO) towards this expense head in Q1-2015, which was 5.5 per cent more than the Rs 100.85 crore (33.4 per cent of TIO) in Q4-2014 and was 25.2 per cent more than the Rs 85.01 crore (31.6 per cent of TIO) in Q1-2014.

     

    Another major expense head is operational, administrative and other costs (admin cost). Den Networks admin cost in Q1-2015 at Rs 106.77 crore (35.7 per cent of TIO) which was 4.8 per cent more than the Rs 101.88 crore (33.8 per cent of TIO) and was 26.5 per cent more than the Rs 84.41 crore (31.4 per cent of TIO) in Q1-2014.

     

    Based on the new accounting norms for calculating depreciation, the net effect is a higher depreciation of Rs 1.48 crore, which has resulted in a lower PAT in the current quarter.

     

    The company says that it has deployed 2.7 lakh set-top boxes in the current quarter.

     

    Den, through its wholly owned subsidiary – Den Soccer Pvt Ltd, has been awarded the team rights for Delhi – its home town. The team is named ‘Delhi Dynamos FC’. ISL is founded by IMG Reliance and Rupert Murdoch’s Star Group, under the aegis of All India Football Federation (AIFF). The inaugural season of the League is scheduled to begin in October, 2014.

     

    Click here for the investor update

    Click here for the financial statement

  • One-time adjustment of Rs 1045.3 cr; Network18 – GEC and news segments grow in Q1-2015

    One-time adjustment of Rs 1045.3 cr; Network18 – GEC and news segments grow in Q1-2015

    BENGALURU:  Network18 Media and Investments Limited (Network18) said that it has made a one-time exceptional adjustment of Rs 1,045.3 crore in Q1-2015 and reported a loss of Rs 1,021.88 crore in the quarter ended 30 June 2014 as compared to a loss of Rs 4.12 crore in Q4-2014 and a profit of Rs 18.90 crore in Q1-2014. The company reported 27.3 per cent higher operating income at Rs 708.4 crore in Q1-2015, but 4.1 per cent lower than the Rs 738.32 crore in Q4-2014.

     

    Network 18’s Media operations segment reported 28.8 per cent higher revenue at Rs 694.08 crore in Q1-2015 as compared to the Rs 538.81 crore in Q1-2014, but 4.3 per cent lower than the Rs 725.31 crore in Q4-2014. The segment reported higher operating loss of Rs 83.87 crore in Q1-2015 as compared to an operating loss of Rs 39.85 crore in Q1-2014 and an operating profit of 62.07 crore in Q4-2014. 

     

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

     

    Let us look at the other figures reported by Network 18 for Q1-2015

     

    Network 18’s operating loss reduced 37 per cent from Rs 70.1 crore in the last year’s correspon ding quarter to Rs 43.9 crore in Q1-2015. The company attributes the improvement in operating loss to a strong growth delivered by its television operations from the general entertainment and new segments. 

     

    Network 18’s film production and distribution segment reported 23.8 per cent drop in revenue in Q1-2015 at Rs 14.32 crore as compared to the Rs 18.79 crore in Q1-2014 and 2.27 times less than the Rs 35.53 crore in Q4-2014.

     

    The company’s total expenditure in Q1-2015 at Rs 733.45 crore was 19.9 per cent more than the Rs 611.82 crore in Q1-2014 and one per cent more than the Rs 726.06 crore in Q4-2014. 

     

    Network18’s programming cost has almost doubled (up 1.91 times) to Rs 169.54 crore (23.9 per cent of TIO) in Q1-2015 as compared to the Rs 88.87 crore (18.1 per cent of TIO) in Q1-2014 and was 26.7 per cent more than the Rs 133.82 crore (16 per cent of TIO) in Q4-2014. 

     

    The company’s finance cost was down 2.6 per cent to Rs 30.88 crore in Q1-2015 as compared to the Rs 31.71 crore in Q1-2014 and was 3.7 per cent less than the Rs 32.08 crore in Q4-2014.

  • Q1-2015: Siti Cable reports 47.5 per cent y-o-y op income growth, triple subscription rev

    Q1-2015: Siti Cable reports 47.5 per cent y-o-y op income growth, triple subscription rev

    BENGALURU: Essel group’s Subhash Chandra led Siti Cable Network Limited (Siti Cable) reported a 47.5 per cent jump in consolidated Total income from operations (TIO) in Q1-2015 at Rs 209.02 crore as compared to the Rs 141.74 crore in Q1-2014, but 10.4 per cent lower than the Rs 233.34 crore in Q4-2014. Overall, total revenue for the current quarter at Rs 211 crore was 46 per cent more than the Rs 144.1 crore reported in the year ago quarter. Siti Cable reported subscription revenue at Rs 105.7 crore as compared to Rs 32.1 crore for the corresponding quarter of last fiscal and hence recorded a growth of 229 per cent. 

     

    The company’s loss was higher in Q1-2015 by 10 per cent at Rs 31.67 crore in Q1-2015 as compared to the Rs 28.77 crore in Q1-2014 and was higher by 51.8 per cent from the loss of Rs 20.86 crore reported in Q4-2014. However, the company’s operating profit (EBIDTA) in Q1-2015 at Rs 36.3 crore (17.4 per cent of TIO) was 16.3 per cent more y-o-y as compared to the Rs 31.2 crore (22 per cent of TIO) and 30.1 per cent more than the Rs 27.9 crore (12 per cent of TIO) in Q4-2014. 

     

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

     

    (2) The figures mentioned in the report are consolidated unless stated otherwise. 

     

    Siti Cable chairman Chandra said, “The performance during the quarter reflects the investment that Siti is making to grow its business and market share. This has been accompanied by a strong improvement in both top line and bottom line growth of the company during the quarter due to continued emphasis on providing quality services to our consumers and superior technological support to our business partners.” 

     

    Let us look at the other numbers for Q1-2015 reported by Siti Cable 

     

    Total expenditure in Q1-2015 was 47.8 per cent higher at Rs 203.76 crore (97.5 per cent of TIO) as compared to the Rs 137.89 crore (97.3 per cent of TIO) in Q1-2014 and 12.6 per cent lower than the Rs 233.07 crore (99.9 per cent of TIO) in Q4-2014. 

     

    The company’s carriage sharing, pay channel and related cost (pay channel cost) in Q1-2015 at Rs 125.55 crore (60.1 per cent of TIO) was more than double (2.03 times) the Rs 61.8 crore (43.60 per cent of TIO) in Q1-2014 and 1.1 per cent more than the Rs 124.16 crore (53.21 per cent of TIO) in Q4-2014. 

     

    Y-o-y the company’s finance cost was 16.2 per cent higher at Rs 30.37 crore (14.5 per cent of TIO) in Q1-2015 as compared to the Rs 26.14 (18.4 per cent of TIO) crore, while q-o-q it was 2.8 per cent lower than Rs 31.24 crore (13.4 per cent of TIO).

     

    The company’s other expense at Rs 38.05 crore (18.2 per cent of TIO) was 4.7 per cent lower than the Rs 39.19 crore in Q1-2014 and almost half (49.5 per cent less) than the Rs 75.93 crore (32.31 per cent of TIO) in Q4-2014. 

     

    Siti Cable CEO V D Wadhwa said, “We continue to focus on improvement in quality of our services to our viewers and improvement in our subscription revenues.  The results for the quarter are reflective of these efforts. The subscriber revenue during the quarter has shown robust growth of 229 per cent and with the starting of package billing in DAS II cities and likely roll out of digitization in phase III & IV, it is set to further improve in the coming quarters.” 

     

    Additional Note: (1) In view of the mandatory digital addressable system (‘DAS’) regulation announced by the Ministry of Information and Broadcasting, Government of India, digitization of cable networks has been implemented in the cities notified for Phase 1 and Phase 2 effective November 1, 2012 and April 1, 2013 respectively. Owing to the initial delays in implementation of DAS in phase 1 cities and challenges faced by all the Multi-System Operators (MSOs) during transition from analogue business to DAS, the company says that it is in the process of executing contracts with the subscribers and implementation of revenue sharing contracts entered into with the local cable operators (LCOs). 

     

    Accordingly, the Company has invoiced and recognized subscription revenue net of sharing of revenue with the LCOs under the new DAS regime amounting to Rs. 13,497.4 lakhs (standalone Rs.9,605.34 lakhs) for the quarter ended June 30, 2014 respectively based on certain estimates derived from market trends and ongoing discussion with the LCOs. The company says that its management is of the view that the execution/implementation of such contracts will not have a significant impact on the subscription revenue for the current period. 

     

    (2) During the quarter, the Company says that it has revised the useful lives of its fixed assets to comply with the requirements as mentioned under Schedule II of the Companies Act, 2013. Accordingly, the depreciation expense for the quarter ended June 30, 2014 is higher by Rs. 458.18 lakhs (standalone financial Rs. 406.55 lakhs). Similarly, in case of  fixed assets whose life has been completed as on March 31, 2014, the carrying value (net of residual value) of those assets accounting to Rs. 1,068.84 lakhs (amounting of  Rs. 167.44 lakhs in standalone financial) has been adjusted with the opening balances of retained earnings i.e. deficit in statement of profit and loss.

     

    Click for the financial

  • Balaji Telefilms Q1-2015 PAT triples

    Balaji Telefilms Q1-2015 PAT triples

    MUMBAI: Balaji Telefilms Limited (Balaji) reported triple the (2.9 times) consolidated PAT at Rs 10.56 crore in the quarter ended June 2014 (Q1-2015) as compared to Rs 3.62 crore during the previous quarter ended June 2013 (Q1-2014) and versus loss of Rs 27.36 crore in the preceding quarter ending March 2014 (Q4-2014).

     

    Consolidated PAT expanded on the steep increase in revenue from operations which rose 61 per cent to Rs 135.34 crore against Rs 84.03 crore in Q1-2014, and was almost same as revenue from operations in the preceding quarter Q4-2014.

     

    Three major segments contribute to Balaji’s revenue – Commissioned Programmes, Sponsored Programmes and Films. While the revenue from films for the company stood at Rs 89.33 crore, 44 per cent more than Rs 61.65 crore in Q1-2014, the revenue from commissioned programmes was Rs 46 crore in Q1-2015 as against Rs 22.77 crore in Q1-2014 and Rs 39.86 crore in Q4-2014. The profit made by the film segment was 23 per cent down to Rs 26.06 crores y-o-y.

     

    Revenue from Sponsored Programs in Q1-2015 was nil.

     

    EBITDA for the company was in positive at Rs 14.71 crore as against negative in the preceding quarter (Q4-2014) at Rs 5.01 crore.

     

     Let us look at the other numbers reported by the company.

     

    The company’s total expenditure rose 35 per cent in Q1-2015 to Rs 123.49 crore as compared to Rs 91.33 crore in Q1-2014 and 13 per cent as against Rs 109 crore in Q4-2014.

     

    Cost of production/acquisition and telecast fees contribute 44 per cent to the Balaji’s total expense, while marketing and distribution expense was 14 per cent of the total expenditure. The Cost of production/acquisition and telecast fees fell 19 per cent to Rs 55.49 crore in Q1-2015 versus Rs 69.26 crore in Q1-2014 and Rs 52.73 in Q4-2014.

     

    Balaji’s expenditure for marketing and distribution fell 27 per cent in Q1-2015 to Rs 18.07 crore as against Rs 24.96 crore in Q1-2014 and Rs 20.30 crore in Q4-2014

     

    Finance costs for Q1-2015 have been drastically reduced by the company to Rs 0.02 cr as compared to Rs 1.37 crore last quarter (Q4-2014)

     
    Let us look at Balaji’s subsidiary companies.

     

    Balaji Motion Pictures Limited (BMPL), a subsidiary of Balaji posted a profit growth of 147 per cent at Rs 8.84 crore versus Rs 3.57 crore in Q1-2014. Revenue for BMPL stood at Rs 89.39 crore, 44 per cent more than Rs 61.66 crore

     

    BMPL released three movies in the current quarter, among which ‘Ek Villain’ crossed the 100 crore mark.

     

    Bolt Media Limited (BML), another subsidiary of Balaji, reported a loss of Rs 0.25 crore versus loss of Rs 0.22 crore in Q1-2014. Revenue of the company increased to Rs 2.5 crore from Rs 0.83 crore in Q1-2015.

     

    Cost of Production/Acquisition and Telecast Fees for BMPL and BML was at Rs 74.88 crore and Rs 2.45 crore respectively in Q1-2015.

     

    BML is commissioning serials such as “Dharma-Kshetra” (26 episodes) and “Rakht” (10 episodes) for EPIC Television Networks Private Limited (Expected launch by Q2 of FY15).

     

    Click for financial release

    Click for investors report

  • Hathway reports lower income, lower loss for Q1-2015

    Hathway reports lower income, lower loss for Q1-2015

    BENGALURU:  The multi system operator (MSO), Hathway Cable and Datacom (Hathway), reported a 14.5 per cent drop in standalone operating income to Rs 250.22 crore in Q1-2015 as compared to the Rs 292.72 crore in Q4-2014, but 7.6 per cent more than the Rs 232.65 crore in Q1-2014.

     

    The company has been reporting loss for the past few quarters. In Q1-2015, Hathway reported loss of Rs 0.93 crore as compared to a loss of Rs 42.27 crore in Q4-2014 and a profit after tax of Rs 5.32 crore in Q1-2014.

     

    Based on the figures submitted by Hathway, the company’s EBIDTA in Q1-2015 works out to Rs 43.87 crore (17.5 per cent of TIO). Comparative figures for Q4-2014 are Rs 40.70 crore (13.9 per cent of TIO) and Rs 76.09 crore (32.7 per cent of TIO).

     

    Let us look at the other Q1-2015 numbers reported by Hathway

     

    Total expense in Q1-2015 at Rs 254.10 crore (107.1 per cent of TIO) was 19 per cent lower than the Rs 313.53 crore in Q4-2014 (107.1 per cent of IO) in Q4-2014 and 28.3 per cent more than the Rs 198.1 crore in Q1-2014.

     

    Hathway’s pay channel cost at Rs 85.81 crore (34.3 per cent of TIO) in Q1-2015 was 25.7 per cent lower than the Rs 115.41 crore (39.4 per cent of TIO) in Q4-2014 and 46.8 per cent more than the Rs 58.45 crore (17.9 per cent of TIO) in Q1-2014.

     

    Hathway reported other income of Rs 2.05 crore in Q1-2015; Rs 2.54 crore in Q4-2014 and Rs 0.95 crore in Q1-2014. The company reported forex gain of Rs 1.58 crore in Q1-2015; forex gain of Rs 4.71 crore in Q4-2014 and a forex loss of Rs 8.32 crore in Q1-2014.

     

    The company’s finance costs have gone up in Q1-2015, both in terms of actual amounts and in terms of percentage of TIO. In Q1-2015, finance cost at Rs 29.17 crore (11.7 per cent of TIO) was 18 per cent more than the Rs 24.71 crore (8.4 per cent of TIO) in Q4-2014 and 34.9 per cent more than the Rs 21.61 crore (9.3 per cent of TIO) in Q1-2014.

     

    Once the company’s finance costs were accounted for, its loss would have been wider in Q1-2015, but for a change in accounting practices, which after providing for doubtful advances/investments/receivables from entities under control/ significant control have resulted in exceptional item of Rs 28.87 crore and reduced the loss accordingly.

     

    As mentioned in our report last week, Hathway got board approval to raise Rs 300.80 crore through a preferential allotment to two foreign institutional investors – the SmallCapWorld Fund (SWF) and American Funds Insurance Series. While it is proposing to allot  70,50,000 shares to SmallCapWorld Fund, American Funds Insurance is expected to mop up 23,50,000 equity shares.

     

  • Software segment leads Mukta Arts to loss in Q1-2015

    Software segment leads Mukta Arts to loss in Q1-2015

    MUMBAI: Mukta Arts reported standalone net loss of Rs 24.62 crore in the quarter ended June 2014 (Q1-2015) as against net profit of Rs 0.74 crore during the previous quarter ended June 2013 (Q1-2014) and loss of Rs 3.35 crore in the quarter ended March 2014.

     

    Q1-2015 saw the loss in the software segment of the company of Rs 25 crore. While Q4-2014 also saw a loss of Rs 2.69 crore in the segment, the segment had shown a profit in Q1-2014 of Rs 0.69 crore.

     

    As net sales of the company declined 66.89 per cent to Rs 23.09 crore in Q1-2015 as compared to Rs 69.73 crore during Q1-2014 and fell 57 per cent against Rs 53.95 crore in Q4-2014, the revenue for the software division contracted 67 per cent in Q1-2015 to Rs 16.75 crore versus Rs 51 crore in Q4-2014 and was 75 per cent lower than Rs 65.92 crore in Q1-2015.

     

    The total income from operations (net) for Q1-2015 fell 65 per cent to Rs 24.95 crore versus Rs 71.44 crore in Q1-2014 and was 56.3per cent lower than Rs 57.1 crore in Q4-2014.

     

    The company reported a 29.3 per cent fall in total expenditure to Rs 49.73 crore as against the total expenditure for Q1-2014 which was Rs 70.34 crore and 17 per cent lower than the total expenditure for Q4-2014. Mukta Arts paid Rs 23.06 crore as producers and distributors cost in Q1-2015

     

    The company reported 49 per cent increase in finance costs in Q1-2015 versus Rs 1.32 crore in Q1-2014.

     

    Click here for the financial