ITV

Category: Financials

  • Q3-2014 : Network18 EBIDTA rises almost six-fold y-o-y

    Q3-2014 : Network18 EBIDTA rises almost six-fold y-o-y

    BENGALURU:  Network18 Media & Investments Limited (Network18) announced operating profit of Rs 61 crore in Q3-2014 which was almost six times the operating profit of Rs 10.6 crore in Q3-2013 and more than triple the operating profit of Rs 20.1 crore in the immediate trailing quarter.

     

    Note: Proforma results are assuming financial consolidation of ETV News (100 per cent) and ETV Entertainment (50 per cent). On 22 Jan 2014, post receipt of required regulatory approvals, TV18 completed the acquisition of the ETV channels – 100 per cent of ETV News, 50 per cent of ETV Entertainment and 24.5 per cent of ETV Telugu.

     

    Revenue for the quarter grew by 4.33 per cent to Rs 727.6 crore in Q3-2014 from Rs 697.4 crore in the corresponding quarter of last year and 8.63 per cent more than the Rs 669.8 crore during Q2-2014.

     

    Proforma reported revenues on a consolidated basis stood at Rs 595.9 crore for the quarter, up five per cent over prior year. Proforma Operating Profit (EBITDA) came in at Rs 94.5 crore (up 79 per cent y-o-y) led by a strong performance in ETV News says the company.

     

    Its Digital Content and Commerce business showed growth along with more than halving of operational loss, saw a growth of 25.25 per cent to Rs 149.8 crore in the current quarter from Rs 119.6 crore in Q3-2013 and by 20 per cent from the Rs 124.8 crore in the immediate trailing quarter. The operational loss reported by this segment at Rs (14.1) crore was less than half (45 per cent) the loss of Rs 31.3 crore reported in Q3-2013, but was 51.6 per cent more than the loss of Rs (9.3) crore in Q2-2014.

     

    Let us look at the other figures reported by Network18:

     

    Network18’s Television and Motion Pictures segment reported (mainly TV 18) reported revenue of Rs 525.5 crore in Q3-2013, which was 2.6 per cent more than the Rs 512.4 crore in Q3-2013 and 8.75 per cent more than the Rs 483.2 crore in Q2-2014. This segment reported an operating profit of Rs 77.5 crore in Q3-2014, up 61.12 per cent as compared to the Rs 48.1 crore in the corresponding period of last year. Q-o-q, its EBIDTA was almost double (1.96 times) the Rs 39.6 crore in Q2-2014.

     

    Revenue from its other segment, Allied Businesses saw a drop of (28) per cent to Rs 58.1 per cent in Q3-2014 from Rs 80.7 crore in Q3-2013 and a fall of (12.8) per cent from Rs 66.6 crore in Q2-2014. Loss from this segment fell 34 per cent to Rs 6 crore in Q3-2014 from Rs 9.1 crore in Q3-2013 and fell by 36.8 per cent from Rs 9.5 crore in Q2-2014.

     

    Network18’s net loss for the quarter for Q3-2014 was Rs (11.72) crore as compared to a profit of Rs 6.85 crore in the corresponding quarter of last fiscal and less than a third (29.4 per cent)  of the Rs (39.84) crore reported during the immediate trailing quarter.

     

    Total expense for Q3-2014 at Rs 687.59 crore was (3.2) per cent lower than the Rs 710.27 crore in Q3-2013 and 2.6 per cent more than the Rs 670.1 crore in Q2-2014.

     

    Network18 paid (1.8) per cent less towards programming cost in Q3-2014 at Rs 155.94 crore a compared to the Rs 158.83 crore in Q3-2013 and 8.4 per cent Rs 143.84 crore in Q2-2014.

     

    Distribution, advertising and business promotion expense for Q3-2014 at Rs 221.27 crore  was (11) per cent less than the Rs 228.53 crore in Q3-2013 and (5.4) per cent less than the Rs 233.77 crore in Q2-2014.

     

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  • TV18 Broadcast consolidated Q3 net profit up 142%

    TV18 Broadcast consolidated Q3 net profit up 142%

    MUMBAI: TV18 Broadcast Ltd’s consolidated net profit in the quarter ended December 31, 2013 rose 142 per cent from a year earlier on a fall in programming cost and marketing, distribution and promotional expenses and as its consolidated revenue increased.

     

    TV18’s reported revenues on a consolidated basis stood at Rs 525.5 crore in the third quarter of 2013-14, up 3 per cent from a year ago.

      

    TV18’s consolidated programming cost in the third quarter fell to Rs 142.58 crore from Rs 155.52 crore a year ago. Its marketing, distribution and promotional expenditure in the third quarter was down to Rs 140.78 crore from Rs 166.01 crore a year ago.

     

    The company reported its highest ever quarterly Operating Profit (EBITDA) at Rs 77.5 crore, up 61 per cent year-on-year with both the entertainment and news businesses turning in strong quarters.

     

    On a consolidated basis, the company’s advertising revenues grew 3 per cent year-on-year. While the news and infotainment advertising environment continued to be sluggish, entertainment led by Colors and MTV delivered strong double digit advertising growth.

     

    Its net distribution Income continued its steady growth at Rs 43.6 crore, a rise of 145 per cent year on year.

     

    TV18’s broadcast operations turned in a very strong quarter with an operating profit of Rs 91.1 crores, up 110 per cent on a year over year basis.

     

    TV18’s proforma results assuming financial consolidation of 100 per cent of ETV News  and 50 per cent of ETV Entertainment, showed its revenues were up 5 per cent at Rs 595.9 crore in the third quarter and pperating profit (EBITDA) was up 79 per cent year on year at Rs. 94.5 crores  led by a strong performance in ETV News.

     

    TV18 said on a proforma basis, this was a landmark quarter for TV18 with broadcast operations turning in an EBITDA of Rs 108.1 crore. ETV Entertainment reported a sharp reduction in losses compared to the previous two quarters as programming and marketing investments made in the first half led to an upswing in ratings and revenues.

     

    On 22 Jan 2014, after receiving the required regulatory approvals, TV18 completed the acquisition of the ETV channels  –  100 per cent of ETV News, 50 per cent of ETV Entertainment and 24.5 per cent of ETV Telugu.

     

    Raghav Bahl, Managing Director of Network18, the promoter of TV18, said, “…..the strong performance of TV18 (was) despite the continued uncertainty in the macro-economic landscape…. The environmental risks may continue in the medium term.”

     

    Bahl said the company’s pre-tax profits almost tripled due to the robust operating performance of the broadcast operations and a significantly deleveraged balance sheet.

     

    Network18’s Group CEO B. Saikumar, said, “Entertainment operations at Viacom18, led by Colors delivered a healthy performance even as Motion Pictures saw losses in this quarter. Infotainment operations at A+E Networks I TV18 broke into positive territory and IndiaCast continued on its robust growth trajectory.

     

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  • Software and Equipment segments pull down Mukta Arts Q3-2014 profit

    Software and Equipment segments pull down Mukta Arts Q3-2014 profit

    BENGALURU:  Mukta Arts Limited (Mukta Arts) Software division reported a loss of Rs (0.73) crore on operating revenue of Rs 62.49 crore for the quarter ended 31 December, 2013 (Q3-2014) which eroded the operating profits of Rs 0.37 crore and Rs 1.70 crore reported by the company’s Theatrical division and ‘Others’ division respectively. The fourth segment that contributes to Mukta Ars numbers – Equipment division also ate into the Q3-2014 operating profit to the extent of Rs (0.15) crore. Mukta Arts reported an operating profit of Rs 0.92 crore for the current quarter. 

     

    Let us look at the Q3-2014 numbers reported by Mukta Arts 

     

    The company reported Total Operating revenue of Rs 76.67 crore in Q3-2014, which was 6.27 per cent more than the Rs 72.14 crore in Q3-2013 and (9.97) per cent lower than the Rs 85.16 crore in Q2-2014. During the nine month period ended 31 December 2013, Mukta Arts Total Operating revenue at Rs 223.27 crore was 17.28 per cent more than the Rs 198.90 crore in the corresponding period of last fiscal. For FY-2013, the company reported Total Operating revenue of Rs 257.82 crore.

     

    Mukta Arts Total expense for Q3-2014 at Rs 76.61 crore was 15.41 per cent more than the Rs 66.38 crore in Q3-2013 and (9.45) per cent lower than the Rs 84.61 crore in Q2-2014. Total expense YTD at Rs 231.55 crore was 20.78 per cent more than the Rs 191.71 crore reported during the corresponding nine month period of last year. For FY 2013, the company reported Total expense of Rs 253.61 crore. 

     

    More than 90 per cent of Mukta Arts expense and more than 85 per cent of Total Operating revenue is the Distributors and Producers share. In Q4-2014, the company paid Rs 68.98 crore (90.04 per cent of Total expense, and 89.97 per cent of operating revenue for the quarter) towards this head, which was 11.85 per cent higher than the Rs 61.67 crore (92.91 per cent of Total expense and 85.48 per cent of Total operating revenue for the quarter) in Q3-2013 and (11.81) per cent lower than the Rs 78.21 crore (92.44 per cent of total expense and 91.85 per cent of Total operating revenue for the quarter) in Q2-2014. 

     

    Distributors and Producers share for the nine month period ended 31 December 2013 at Rs 212.13 crore (91.61 per cent of Total expense and 90.94 per cent of Total operating revenue for the period) was 17.85 per cent more than the Rs 180.01 cores (93.90 per cent of Total expense and 90.50 per cent of Total operating revenue for the period) of the corresponding nine month period of last year.

     

    For FY 2013, Mukta Arts paid Rs 233.74 crore towards Distributors and Producers share, which was 92.16 per cent of Total expense and 90.66 per cent of Total Operating revenue.

     

     Segment Revenue

     

    The lion’s share of Mukta Arts revenue – more than 90 per cent comes from its Software segment. This segment reported revenue of Rs 69.24 crore (90.31 per cent of Total operating revenue) for Q3-2014 which was 1.21 per cent more than the Rs 68.41 crore (94.83 per cent of Total Operating revenue) for Q3-2013, but (13.09) per cent lower than the Rs 79.67 crore (93.55 per cent of Total operating revenue) during Q2-2014. 

     

    For the nine month period ended 31 December 2013, the Software division’s revenue at Rs 214.83 crore (92.1 per cent of Total operating revenue) was 11.93 per cent more than the Rs 191.93 crore in the corresponding period of last year. For FY 2013, Mukta Arts Software division’s revenue was Rs 246.47 crore or 95.6 per cent of total revenue. 

     

    As mentioned above, this segment reported an operating loss of Rs 0.73 crore for Q3-2014 as compared to an operating profit of Rs 6.74 crore in Q3-2013 and an operating profit of Rs 0.35 crore in Q2-2014. For the nine month period ended 31 December 2013, the Software segment reported an operating profit of Rs 0.31 crore which was more than 31 times (31.51 times) lower than the Rs 9.86 crore operating profit reported during the corresponding period of last year. For FY 2013, Mukta Arts Software Division reported an operating profit of Rs 8.10 crore.

     

     Mukta Arts Theatrical Exhibition segment reported operating revenue of Rs 5.16 crore and an operating profit of Rs 0.37 crore for Q3-2014 as compared to the revenue of Rs 2.46 crore and an operating profit of Rs 0.14 crore for Q3-2013 and an operating revenue of Rs 3.52 crore and an operating loss of Rs (0.14) crore in Q2-2014. YTD, its operating revenue was Rs 12.3 crore and an operating profit of Rs 0.21 crore as compared to the revenue of Rs 2.62 crore and operating profit of Rs 0.66 lakh (Rs 100 lakh = Rs 1 crore: Rs 100,000 = Rs 1 Lakh) for the corresponding period of last year. For FY 2013, the Theatrical exhibition segment reported revenue of Rs 5.24 crore and a small operating loss of Rs (-6.61) lakh 

     

    The contribution by Mukta Arts Equipment division was a very small fragment of per cent to total revenue. As reported above, this segment reported a loss of Rs (0.15) crore for Q3-2014, loss of Rs (0.16) crore in Q3-2013 and equally small fractions for the other periods. 

     

    Mukta Arts ‘Others’ segment reported operating revenue of Rs 2.17 crore and an operating profit of Rs 1.70 crore for Q3-2014. y-o-y, this segment reported revenue of Rs 1.20 crore and an operating profit of Rs 0.99 crore, and q-o-q the revenue was Rs 1.79 crore and an operating profit of Rs 1.54 crore. YTD, revenue from this segment was Rs 5.67 crore and an operating profit of Rs 4.64 crore as compared to the operating revenue of Rs 4.04 crore and an operating profit of Rs 3.42 crore during the corresponding nine month period month of last year. For FY-2013, ‘Others’ segment reported revenue of Rs 5.74 crore and an operating profit of Rs 4.94 crore. 

     

    During the quarter the Company has commenced its cinemas at Mumbai, Selu, Junnar and Banswara.

     

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  • NDTV’s TV division shows signs of turnaround; ecommerce generates losses

    NDTV’s TV division shows signs of turnaround; ecommerce generates losses

    BENGALURU: New Delhi Television Limited (NDTV) reported a consolidated loss of Rs (10.43) crore in Q3-2014. Its Retail/ecommerce business reported an operating loss of Rs (5.38) crore, or 51.58 per cent of the total loss during the quarter.

     

    NDTV’s Television media and related business operations (TV business) reported an operating profit of Rs 3.29 crore for Q3-2014 as compared to a loss of Rs (1.98) crore during the immediate trailing quarter and a profit of Rs 14.05 crore for the corresponding period of last year. For the nine month period ended 31 December 2013, the segment’s loss at Rs (16.11) crore was almost half (50.44 per cent) of the loss of Rs (31.94) crore in Q3-2013.

     

    NDTV’s TV business reported revenue of Rs 131.02 crore in Q3-2014, which was 21.97 per cent more than the Rs 107.42 crore in Q2-2014 and 0.7 per cent more than the Rs 130.11 crore in Q3-2013. During the nine month period of the current year, NDTV’s TV business reported revenue of Rs 341.03 crore, which was 0.22 per cent more than the Rs 340.27 crore in the corresponding period of last year. For FY 2013, the segment reported revenue of Rs 527 crore.

     

    Let us look at the Q3-2014 figures reported by NDTV

     

    NDTV reported consolidated Total operating revenue of Rs 127.43 crore, which was 20 per cent more than the Rs 106.19 crore in Q2-2014, but (2.06) per cent lower than the Rs 130.11 crore in Q3-2013. For the nine month period ended 31 December 2103, the company reported Total operating revenue of Rs 336.01 crore which was (1.25) per cent lower than the Rs 340.27 crore in the corresponding period of last year. For FY 2013, NDTV reported Total operating revenue of Rs 526.81 crore.

     

    Total expense at Rs 133.17 crore for Q3-2014 was (0.31) per cent lower than the Rs 133.58 crore for Q2-2014 and 10.32 per cent more than the Rs 120.71 crore during Q3-2013. YTD, total expense at Rs 392.52 crore was 1.44 per cent more than the Rs 386.92 crore in the corresponding nine month period of last year. For FY 2013, NDTV’s total expense was Rs 547.83 crore.

     

    NDTV spent 4.24 per cent more towards marketing, distribution and promotional expense in Q3-2014 at Rs 26.49 crore as compared to the Rs 25.43 crore in Q2-2014 and 16.54 per cent more than the Rs 22.73 crore during the corresponding quarter of last year. For the nine month period ended 31 December 2103, the company spent Rs 73.49 crore towards marketing, distribution and promotional expense, which was (17.08) per cent lower than the Rs 88.63 crore in the corresponding period of last year. During FY 2013, NDTV spent Rs 131.26 crore towards this head.

     

    NDTV’s employee benefit at Rs 43.29 crore was (3.63) per cent lower than the Rs 44.92 crore in Q-2014 and 12.88 per cent more than the Rs 38.35 crore in Q3-2013. YTD, the company spent Rs 133.14 crore towards Employee benefit, which was 14.73 per cent more than the Rs 116.05 crore during the corresponding nine month period of last year. For FY 2013, NDTV spent Rs 157.41 per cent towards Employee benefit.

     

    NDTV reported a consolidated loss of Rs (10.43) crore for Q3-2014, which was almost a third less (31.65 per cent less) than the loss of Rs (15.26) crore for Q2-2014. During Q3-2013, NDTV had reported a consolidated profit of Rs 14.87 crore. For the nine month period ended 31 December 2103, the segment reported a loss of Rs (49.75) crore, which was almost, double (1.92 times) the loss of Rs (25.88) crore in the corresponding period of last year. For FY 2013, NDTV reported a consolidated profit of Rs 1.91 crore.

     

    NDTV’s Retail/ecommerce business, which commenced operations earlier this financial year, reported revenue of Rs 2.31 crore which was more than four times the Rs 0.52 crore revenue in the immediate trailing quarter. As mentioned above, this segment reported loss of Rs (5.38) crore in Q3-2014 as compared to a loss of Rs (3.37) crore in the immediate trailing quarter. The capital employed by this segment has eroded further to Rs (18.15) crore in Q3-2014 from the Rs (6.86) crore in Q2-2014.

     

    During the quarter, NDTV Ethnic Retail Limited, a subsidiary of NDTV has acquired 100 per cent stake in JA Ethnic Retail Private Limited, with effect from 28 November, 2013 (acquisition date).

     

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  • Sahara One TV segment reports Rs 3.41 cr operating profit in Q3-2014

    Sahara One TV segment reports Rs 3.41 cr operating profit in Q3-2014

    BENGALURU: Sahara One Media and Entertainment Limited (Sahara One) Television segment reported an operating profit of Rs 3.41 crore in Q3-2014, which was 3.49 per cent more than the Rs 3.30 crore in Q3-2013, but (53.17) lower than the Rs 7.29 crore in the immediate trailing quarter. Over the nine month period ended 31 December 2013, the Television segment reported a (29.95) per cent drop in operating profit to Rs 8.17 crore in the corresponding period of last year. 

     

    Sahara One’s Television segment reported operating revenue of Rs 21.29 crore in Q3-2014 which was (54.02) per cent lower than the Rs 46.30 crore in Q3-2013 and (9.27) per cent less than the Rs 23.46 crore in Q2-2014. Television segment reported YTD operating revenue of Rs 73.02 crore which was (33.5) per cent less than the Rs 109.79 crore in the corresponding nine month period of last fiscal. The segment had operating revenue of Rs 135.05 crore in FY 2013. 

     

    Overall the company reported a loss of Rs (3.37) crore in Q3-2014, with unallocated segment eating away Rs (3.30) crore and its motion picture segment Rs (0.02) crore from the operating profit generated by Sahara One’s Television segment.  

     

    Let us look at the other Q3-2014 figures reported by Sahara One 

     

    Sahara One reported a (-55.20) per cent drop in operating revenue in Q3-2014 to Rs 20.41 crore from Rs 45.57 crore in the corresponding quarter of last year and a (9.69) per cent drop in operating revenue as compared to the Rs 24.76 crore in Q2-2014. Over the nine month period ended 31 December, 2013, Sahara One’s operating revenue fell (34.65) per cent to Rs 70.44 crore from Rs 107.78 crore reported in the corresponding period of last year. In FY 2013, the company reported operating income of Rs 132.28 crore. 

     

    Sahara One’s Total income for Q3-2014 at Rs 22.77 crore was (52.02) per cent lower than the Rs 47.46 crore in Q3-2013 and (8.05) per cent lower than the Rs 24.76 crore in Q2-2014. Sahara One’s YTD Total income fell by (32.8) per cent to Rs 47.46 crore from Rs 116.41 crore in the corresponding nine month period of last year. Its Total income for FY 2013 was Rs 142.58 crore. 

     

    Expense in Q3-2014 at Rs 22.67 crore dropped (49.82) per cent from Rs 45.19 crore in Q3-2013 and was 19.41 per cent more than the Rs 18.99 crore in Q2-2014. Sahara One’s YTD Expense at Rs 75.22 crore was (28.69) per cent lower than the Rs 105.49 crore during the corresponding nine month period of last year. 

     

    The major expense head in the case of Sahara One is Purchase of Content. Sahara One’s Content purchase expense for Q3-2014 was down (28.06) per cent to Rs 29.06 crore from Rs 40.40 crore y-o-y and was 39.76 per cent more than the Rs 17.51 crore in Q2-2014. Over the nine month period ended 31 December, 2013, Sahara One paid Rs 68.29 crore towards Content acquisition, which was (27.15) per cent lower than the Rs 93.74 crore in the corresponding period of last year. In FY 2013, Sahara One paid Rs 120.27 crore towards this expense head.

     

    Increase in Inventory by Rs 11.68 crore in Q3-2014 resulted in lower Total expense to that extent. In Q3-2013, Inventory had dropped by Rs 0.65 crore, which resulted in an increase in Total expense in to that extent during that quarter. In Q2-2014, the company reported Inventory Increase of Rs 3.64 crore. Over a nine month period of the current fiscal, Inventory increased by Rs 8.56 crore as compared to the increase of Rs 0.47 crore during the corresponding period of last year. During FY 2013, Sahara One reported Inventory increase of Rs 4.77 crore. 

     

    As mentioned above, the company reported a loss of Rs (3.37) crore in Q3-2014, as compared to a PAT of Rs 1.45 crore in Q3-2013 and a PAT of Rs 4.10 crore in the immediate preceding quarter. Over the nine month period of the current fiscal, the company reported a (72.41) per cent drop in PAT to Rs 1.92 crore from Rs 7.03 crore reported during the corresponding period of last year. The company reported PAT of Rs 5.29 crore in FY 2013.

     

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  • Q3-2014: Sun TV ad, subs revenue up; declares 3rd interim dividend

    Q3-2014: Sun TV ad, subs revenue up; declares 3rd interim dividend

    BENGALURU: Sun TV Network Limited (Sun TV) has declared sunny results once again for Q3-2014. The company says that its q-o-q Ad revenue grew by 17 per cent in Q3-2014. Sun TV says that during the quarter, Subscription revenue from cable and DTH digitisation momentum with a sustained growth of approximately 27 per cent y-o-y at Rs 167.12 crore as compared to the Rs 131.27 crore. It says further that its international subscription revenue grew by 29 per cent as compared to the same period of last year.

     

    The company’s board of directors has declared an interim dividend of Rs 2.50 per share (50 per cent). This is in addition to the interim dividend of Rs 2.25 per share (45 per cent) and Rs 2.50 per share (50 per cent) declared at the Board meetings held on 02 August, 2013 and 8 November, 2013 respectively.

     

    PAT for Q3-2014 grew 9.83 per cent to Rs 185.79 crore from Rs 169.16 crore in the immediate trailing quarter, but was 2.15 per cent lower y-o-y than the Rs 189.88 crore in Q3-2013. It’s YTD PAT grew 2.68 per cent to Rs 519.39 crore from Rs 505.84 crore in the corresponding period of last fiscal. During FY-2014, the company reported a PAT of Rs 683.34 crore.

     

    Let us look at the other Q3-2014 results reported by Sun TV

     

    Sun TV reported 8.99 per cent higher q-o-q operating revenue for Q3-2014 at Rs 503.84 crore and hence crossed the Rs 500 crore per quarter revenue mark for the first time. Its Q2-2014 operating revenue was Rs 466.41 crore and Q3-2013 operating revenue was Rs 48.86 crore – comparatively the current quarter’s operating revenue was higher by 4.63 per cent. For the nine month period ended 31 December, 2013, Sun TV reported 17.22 per cent growth to Rs 1576.60 crore from Rs 1344.95 crore in the corresponding period of last year.

     

    Sun TV’s Total Income at Rs 523.19 crore was 3.58 per cent more than the Rs 505.11 crore in Q2-2014 and 5.39 per cent more than the Rs 494.61 crore in Q3-2013. Its current year’s nine month total revenue was up 19.18 per cent to Rs 1642.64 crore as compared to the Rs 1378.34 crore reported in the corresponding nine month period of last fiscal.

     

    Sun TV’s total expense at Rs 242.38 crore in Q3-2014 was 1.59 per cent lower than the Rs 246.29 crore in Q2-2014 and 13.31 per cent more than the Rs 213.90 crore in Q3-2013. YTD, its total expense including Rs 85.05 crore towards IPL Franchise Fees at Rs 854.26 crore was 36 per cent more than the Rs 628.12 crore of the corresponding period of last year. Excluding IPL Franchise Fees (which is not a quarterly recurring expense, but an annual one), Sun TV’s total YTD expense at Rs 769.21 crore was 22.46 per cent more than the total expense for the corresponding nine month period of last year.

     

    Click below for:-

     

    Financials

     

    Earnings Release

     

  • ETC registers 159% growth in Q3

    ETC registers 159% growth in Q3

    MUMBAI: ETC Networks Limited has registered a profit after tax (PAT) of Rs 43 million on a turnover of Rs 326.6 million for the nine-month period ended December 31, 2000. PAT for the quarter ended December 31, 2000 is Rs 21.2 million, registering a growth of 159 per cent over the previous quarter ended September 30, 2000 at Rs 13.3 million.

     

    In just its second year of operation, ETC has not only consistently retained the top position among music-based channels in viewership rating but also translated this popularity to very impressive revenue and profit figures, according to a company press release issued on Friday.

     

    ETC Channel Punjabi, the regional channel under the umbrella of ETC Networks Ltd., which has just completed only its second quarter of operation, is also doing extremely well, having beaten all established Punjabi channels in the ratings war, as also attracting impressive revenue figures.

     

    Etc hopes to consolidate its position with a whole slew of new programmes which are scheduled to come on air in the near future.

  • Muted box office performance pares PVR profit, numbers in Q3-2014

    Muted box office performance pares PVR profit, numbers in Q3-2014

    BENGALURU: Muted box office performance by most of the films released during Q3-2014 resulted in a 48.6 per cent drop in consolidated PAT to Rs 14.16 crore from Rs 27.55 crore in Q2-2014 for Indian motion picture exhibition, production and distribution house PVR Limited. Revenue also dropped by 7.91 per cent in Q3-2014 to Rs 339.39 crore from Rs 367.27 crore in Q2-2014. 

     

    Consolidated numbers cannot be compared with Q3-2013, because Cinemax became a subsidiary of PVR Limited only effective 7 January 2013.  

     

    PVR Limited has three main revenue streams – Movie Exhibition; Movie Production and Distribution and ‘Others’ which includes bowling, gaming and restaurant services. 

     

    PVR says that there were only three big films (Goliyon Ki Raasleela Ram Leela, Krrish 3 and Dhoom 3) in Q3-2014 as compared to seven big films (Student of the year, English Vinglish, Jab Tak Hain Jaan, Son of Sardar, Talaash, Dabangg 2 & Life of Pi) in Q3-2013. The company says that big films like Boss, Beshram, R..Rajkumar, Bullet Raja underperformed. Further it says that occupancy of top 10 movies for Q3-2014 for comparable properties was down by six per cent as against same period last year, while Admits for top 10 movies for comparable properties was down by 17 per cent as against same period last year. Top 10 movies admission contribution was 62 per cent in Q3 2014 as against 71 per cent in same period last year. 

     

    In spite of the drop in footfalls, the average total ticket price in Q3-2014 at Rs 169 was up by 3.55 per cent from the Rs 163 in Q3-2013 and remained the same as the immediate trailing quarter (Q2-2014). Total consolidated admits in Q3-2014 fell by 5.3 per cent to about 143 lakh (100 lakh=1 crore) from 151 lakh in Q3-2013 and fell by 13.86 per cent from 166 lakh in Q2-2014. 

     

    Overall net box office revenue (PVR and Cinemax combined) was down by 1.45 per cent at Rs 196.59 crore in Q3-2014 as compared to the Rs 199.48 crore in the corresponding quarter of last year and was 11.59 per cent lower than the Rs 222.36 crore in Q2-2014. 

     

    Consolidated Food and Beverage (F&B)  revenue grew by 14.62 per cent in Q3-2014 to Rs  73.13 crore  as compared to Rs 63.80 crore in the corresponding quarter of previous year, but fell q-o-q by (-7.95) per cent from Rs 79.45 crore.   

     

    Consolidated Sponsorship Income during the quarter grew 23.05 per cent to Rs 41.95 crore from Rs 32.28 crore over same period last year and grew 18.24 per cent from the Rs 35.48 crore in Q2-2014; on account of synergies arising out of acquisition of Cinemax says the company. 

     

    PVR Limited movie production and distribution segment reported revenue of Rs 6.81 crore for Q3-2014, up 11.27 per cent as compared to the Rs 6.12 crore in Q3-2013, but down  by 4.62 per cent as compared to the Rs 7.14 crore in Q2-2014. The segment results were a positive Rs 2.5 crore in the current quarter as compared to a positive Rs 1 lakh (Rs 0.01 Crore) in Q2-2014 and NIL in Q3-2013. 

     

    Let us look at the other Q3-2014 figures reported by PVR

     

    The two brands that contribute to PVR Limited movie exhibition revenue are PVR Multiplex and Cinemax Multiplex which was merged last year with PVR Limited (as mentioned above). 

     

    PVR Multiplex Numbers 

     

    PVR reported revenue of Rs 224.42 crore in the current quarter, up 15.11 per cent as compared to the Rs 194.8 crore in Q3-2013. Its net box office collection at Rs 136.06 crore was 12.58 per cent more than the Rs 120.86 crore in Q3-2013, but 9.64 per cent lower than the Rs 150.58 crore in Q2-2014. 

     

    PVR expense during Q3-2014 at Rs 191.24 crore was 19.32 per cent higher than the Rs 160.28 crore in Q3-2013 and 0.7 per cent lower than the Rs 192.58 crore in Q2-2014. 

     

    PVR Finance cost at Rs 13.34 crore in Q3-2014 was 67.38 per cent more than the Rs 7.97 crore in the corresponding quarter of last year and 14.41 per cent more than the Rs 11.66 crore in Q2-2014. 

     

    PVR Total Admits in the current quarter grew by 6.6 per cent to about 97 lakh from 91 lakh in the corresponding quarter of last fiscal but fell by 11 per cent from the 109 lakh reported during Q2-2014. 

     

    PVR Total Average Price per ticket in Q3-2014 at Rs 181 which was four per cent more than the Rs 174 in Q3-2013 and 2.26 per cent more than the Rs 177 in the immediate trailing quarter. 

     

    PVR F&B income during Q3-2014 at Rs 49.79 crore was up 32.7 per cent as compared to the Rs 37.52 crore in Q3-2013 but was down by 8.64 per cent as compared to the Rs 54.50 crore in Q2-2014. 

     

    PVR Q3-2014 Sponsorship income was up 30.28 per cent to Rs 30.39 crore from Rs 23.25 crore in Q3-2013 and was up 24.55 per cent as compared to the Rs 24.32 crore in the immediate trailing quarter. 

     

    PVR Q3-2014 PAT was down by 10.76 per cent to Rs 12.69 crore from Rs 14.22 crore in Q3-2013 and down by 41.87 per cent from Rs 21.83 crore in Q2-2014. 

     

    Cinemax Multiplex brand Numbers 

     

    Cinemax reported revenue of Rs 96.51 crore for Q3-2014, down by 17.38 per cent from the Rs 116.81 crore in Q3-2013 and down  by 13.65 per cent as compared to the Rs 111.77 crore in Q2-2014. 

     

    Cinemax expense during the current quarter at Rs 82.12 crore was 9.69 per cent lower than the Rs 90.93 crore in Q3-2013 and 2.74 per cent lower than the Rs 84.43 crore in the immediate trailing quarter. 

     

    Cinemax Finance Cost for Q3-2014 at Rs 2.59 crore was 24.27 per cent lower than the Rs 3.42 crore in Q3-2013 and 3.72 per cent lower than the Rs 2.69 crore in Q2-2014.

     

    Cinemax Total Admits in Q3-2014 were down by 23.33 per cent at 46 lakh from about 60 lakh in Q3-2013 and were down by 19.3 per cent from about 57 lakh in Q2-2014. 

     

    Cinemax Total Average Price per ticket in Q3-2014 was 1.25 per cent more at Rs 162 in Q3-2014 as compared to the Rs 160 in the corresponding period of last year and 4.52 per cent higher than the Rs 155 in Q2-2014. 

     

    Cinemax F&B Income at Rs 23.34 crore was down (-11.19) per cent as compared to the Rs 26.28 crore in the corresponding quarter of last year and was down (-6.45) per cent from the Rs 24.95 crore in Q2-2014. 

     

    Cinemax Sponsorship Income for Q3-2014 at Rs 11.66 crore was 29.13 per cent up from the Rs 9.03 crore in Q3-2013 and 4.48 per cent more than the Rs 11.16 crore of the immediate trailing quarter. 

     

    Cinemax PAT for Q3-2014 at Rs 4.56 crore was down by 45.58 per cent from the Rs 8.38 crore in Q3-2013 and was down to almost a third (down by 65.18 per cent) of the Rs 13.08 crore in Q2-2014. 

     

    During the year, PVR says that it has opened 12 new properties with 60 screens and currently operates a network of 408 screens spread over 95 properties in 39 cities across the country. During the quarter, the company also surpassed an important milestone of 400 screens in India, further consolidating its position in the multiplex space in India. The company says that it will continue its aggressive expansion plans and intends to add approximately 40 screens in the next six months. 

     

    Click below for:-

     

    Investor Update Q3 FY 2013-14

     

    PVR BM Outcome 31.01.2014

     

    PVR Financial Results Q3 FY 2013-14

     

    Cinemax Financial Results Q3 FY 2013-14

  • Reliance Media Works announces lower loss in Q3-2014

    Reliance Media Works announces lower loss in Q3-2014

    BENGALURU: Indian media and entertainment giant Reliance Media Works (RMW) announced loss of Rs (-91.11) crore for Q3-2014, which was less than half (46.6 per cent) of the loss of Rs (-195.25) crore in the immediate trailing quarter (Q2-2014). Q3-2014 loss was however 2.13 per cent higher than the Rs (-89.21) crore in Q3-2013.

     

    The company reported (-12.82) per cent drop in operating revenue in Q3-2014 to Rs 111.71 crore from Rs 128.13 crore in Q2-2014 and (-15.17) per cent lower than the Rs 131.68 crore in the corresponding quarter of last year.

     

    Notes: (1) The board of directors of the company in its meeting on 11 August 2013 has extended the financial year of the company to March 2014 which has been accepted by the Registrar of Companies. Accordingly the financial statements of the company will be drawn for 18 month period ended 31 March 2014. Hence the various quarter have been referred to as SQ (September Quarter) and (JQ) June Quarter of the respective calendar year (not financial year, since this has been changed once again by the company).

     

    (2) Notes of the attached financial statement must be read along with this analysis.

     

    (3) RMW’s net worth has eroded, however, having regard to revenue visibility of new businesses in film and media services, improved operational performance of exhibition business, financial support from its promoters, further restructuring exercise being implemented etc., the financial statements have been prepared on the basis that the company is a going concern and that no adjustments are required to the carrying value of assets and liabilities. The auditors of the company had put matter of emphasis on the aforesaid matter in the limited review report for the quarter/fifteen month period ended December 31, 2013 and the same remarks were also included in the Auditors report for the eighteen month period ended September 30, 2012.

     

    Let us look at the other results reported by RMW in Q3-2014

     

    Total revenue in the current quarter at Rs 116.52 crore fell by (-12) per cent from Rs 132.21 crore in the immediate trailing quarter and fell by (-14.27) per cent from Rs 135.91 crore in Q3-2013.

     

    Total expense for Q3-2014 at Rs 143.24 crore was (-11.92) per cent less than the Rs 154.09 crore in Q2-2014 and (-13.55) per cent less than the Rs 165.69 crore during the corresponding quarter of last fiscal.

     

    Two main segments contribute to RMW’s revenue: Film Production Services; and Theatrical Exhibition and Film Production and Services (Theatrical).

     

    Film Production revenue at Rs 15.45 crore was (-19.85) per cent lower than the Rs 19.26 crore during Q2-2014 and (-21.59) per cent lower than the Rs 19.69 crore in Q3-2013. This segment returned negative result of Rs (-9.52) crore which was 27.98 per cent more than the Rs (-7.44) crore in Q2-2014 and (-7.21) per cent lower than the Rs (-10.26) crore in Q3-2013.

     

    RMW’s Theatrical segment also saw a fall in revenues of (-11.46) per cent in Q3-2014 to Rs 100.18 crore from Rs 113.15 crore in Q2-2014 and fell by (-11.89) per cent from Rs 113.70 crore in Q3-2013. This segment returned negative result of Rs (-11.30) crore in Q3-2014 as compared to the Rs (-11.34) crore in Q2-2014 and Rs (-17.72) crore in Q3-2014.

     

    RMW’s finance cost at Rs 64 crore was (-14.39) per cent lower than the Rs 73.21 crore in Q2-2014 and (-3.78) per cent lower than the Rs 66.51 crore in Q3-2013.

     

    Click here for full report

  • Hinduja Ventures media & communications segment q-o-q loss down for Q3-2014

    Hinduja Ventures media & communications segment q-o-q loss down for Q3-2014

    BENGALURU: IndusInd Media & Communications Ltd. (IMCL), a subsidiary of Hinduja Ventures Ltd. (HVL) and one of India’s largest integrated media companies contributed a lower loss to HVL’s balance sheet  during Q3-2014 as compared to the immediate trailing quarter.

     

     HVL reported almost half the loss (55.6 per cent) at Rs (-1.45) crore from its media and communication segment during Q3-2014, as compared to the Rs (-2.60) crore during Q2-2014. During the corresponding quarter of last year, HVL’s media and communications segment had reported a profit before tax of Rs0.41 crore. 

     

    However, this segment reported loss of Rs (-8.45) crore during the nine month period ended December 31, 2014 (YTD) as compared to a profit of Rs 1.67 crore during the corresponding period of last fiscal. During FY 2013, HVL’s media and communication segment had reported a profit of Rs 0.59 crore. 

     

    Let us look at the other figures vis-?-vis media and communications reported by HVL during Q3-2014

     

    HVL reported a 9.24 per cent increase in standalone total income of Rs 28.59 crore during Q3-2014 as compared to the Rs 26.18 crore during Q2-2014, but almost flat (1.07 per cent more) as compared to the Rs 28.31 crore during Q3-2013. YTD for the current fiscal, HVL reported a 9.8 per cent growth to Rs 81.39 crore as compared to the Rs 74.09 crore during the nine month period ended 31 December 2012. 

     

    During the quarter, HVL’s investment and Treasury segment was single largest contributor to revenue with revenue of Rs 28.58 crore, with Real estate and ‘Others’ contributing Rs 0.04 crore and Rs 0.0139 crore to revenue respectively. Contribution by HVL’s media and communication segment to revenue was NIL. Media and communication segment had contributed Rs 1.09 crore during Q2-2014 and Rs 1.46 crore during Q3-2013 to HVL’s total income.

     

    HVL reported PAT of Rs 23.54 crore during Q3-2014 as compared to the Rs 19.68 crore during Q2-2014 and Rs 23.83 crore during Q3-2013. 

     

    Capital Employed (segment assets minus segment liabilities) by HVL’s media and communication segment during Q3-2014 was more than triple (3.05 times) at Rs 295.79 crore as compared to the Rs 96.75 crore during Q3-2013, and  fraction (-0.18 per cent) lower than the Rs 295.31 crore during the immediate trailing quarter. 

     

    With an estimated 8.5 million subscribers across 36 major cities, HVL through IMCL offers over 350 channels in the digital mode. It claims to have a backbone of over 10,000 kms of hybrid fiber optic network through which it also offers broadband services with its national ISP license. IMCL has gone ahead with the first II Phases of the digital revolution being ushered in by Governments mandated policy of digitising the Cable Networks.  

     

    The Digital Addressable System (DAS) was introduced by Government on 1 November 2012 in phases and offers a unique opportunity to IMCL to make all its Subscribers addressable and monetize its subscription revenues manifold. HVL says that IMCL has planned new services for the digital cable foray, apart from the Broadband services like HD Services, Hybrid STBs for Cable and Internet, Value added services for Digital Cable.