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Tag: Ashish Kirpal Pandit

  • Q1-2016: Zee Media revenue up 1.3%, boosted by 15% jump in subscription rev

    Q1-2016: Zee Media revenue up 1.3%, boosted by 15% jump in subscription rev

    BENGALURU: Zee Media Corporation Limited (ZMCL) reported 1.3 per cent growth in Total Income from Operations (TIO) to Rs 135.26 crore in Q1-2016 (quarter ended 30 June, 2015) as compared to Rs 133.46 crore in Q1-2015, but 3.3 per cent lower than the Rs 139.88 crore in the immediate trailing quarter.

     

    The growth was due to a 15 per cent growth in subscription revenue in the current quarter at Rs 28.67 crore (21.2 per cent of TIO) as compared to the Rs 24.93 crore (18.7 per cent of TIO) in Q1-2015 partially offset by the 5.1 per cent decline in advertising revenue at Rs 96.75 crore (71.5 per cent of TIO) in Q1-2016 as compared to the Rs 101.92 crore (76.4 per cent of TIO) in Q1-2015.

     

    Subscription revenue in the immediate trailing quarter was however 5.1 per cent higher at Rs 30.21 crore and advertising revenue was 1.9 per cent higher at Rs 98.69 crore than the corresponding Q1-2016 revenue.

     

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

     

    (2) The figures in this report are consolidated figures unless stated otherwise

     

    Other Sales and services revenue in the current quarter at Rs 9.84 crore (7.3 per cent of TIO) was 48.9 per cent more than the Rs 6.61 crore (4.9 per cent of TIO) in Q1-2015, but 10.4 per cent lower than the Rs 10.98 crore (7.8 per cent of TIO) in the immediate trailing quarter.

     

    Television business advertising and subscription numbers

     

    Television advertising revenue in the current quarter was almost flat (declined 0.4 per cent) at Rs 79.72 crore as compared to the Rs 80.01 crore in the corresponding year ago quarter. Advertising revenue for new channels more than doubled (went up 2.1 times) to Rs 5.68 crore in Q1-2016 as compared to the Rs 2.71 crore in Q1-2015, while advertising revenue from the older existing channels declined 4.2 per cent to Rs 74.05 crore as compared to the Rs 77.30 crore in Q1-2015.

     

    Television subscription revenue in Q1-2016 increased 23 per cent to Rs 25.84 crore as compared to the Rs 21.01 crore in Q1-2015.

     

    Let us look at the other numbers reported by ZMCL

     

    ZMCL reported a lower loss of Rs 7.1 crore in Q1-2016 versus a loss of Rs 17.52 crore in Q1-2015 and loss of Rs 7.18 crore in Q4-2015.

     

    Total expense (TE) in Q1-2016 at Rs 133.01 crore was 7.5 per cent lower than the Rs 143.80 crore in Q1-2015 and 3.3 per cent lower than the Rs 137.48 crore in Q4-2015.

     

    ZMCL’s employee benefit expense (EBE) in Q1-2016 at Rs 42.11 crore was 5.4 per cent more than the Rs 39.55 crore in Q1-2015 and was seven per cent more than Rs 39.34 crore in Q4-2015.

     

    In Q1-2016, ZMCL’s operational cost at 20.79 was 36.9 per cent lower than the Rs 32.96 crore in Q1-2015 and 25.6 per cent less than the Rs 27.94 crore in Q4-2015.

     

    ZMCL News Cluster group CEO Bhaskar Das said, “We are exploring new areas of innovation, both in form and content, in such a way that media is again established as the fourth pillar of democracy. We seek to improve our understanding and increase our collaboration with the change agents who are creating a positive impact on the development of our country. This I am hopeful will help us break the clutter and create meaningful content differentiation in the highly fragmented news TV genre.”

     

    ZMCL CEO Ashish Kirpal Pandit added, ”As the company sets itself apart from the me-too content environment, we are hopeful that new-age advertisers will find immense value in partnering with us for pushing their communication through our differentiated media vehicles. While we are looking at investing to upgrade our content, we remain focused on maintaining a robust bottomline. We are also trying to gauge the full impact of BARC ratings, and how it is going to play out in the future.”

  • FY-2015: Zee Media’s revenue up 62.4%; ad revenue up 78.6%

    FY-2015: Zee Media’s revenue up 62.4%; ad revenue up 78.6%

    BENGALURU: Zee Media Corporation Limited (ZMCL) reported 62.4 per cent growth in Total Income from Operations (TIO) to Rs 544.33 crore in FY-2015 as compared to Rs 335.15 crore in FY15-2014. 

     

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

     

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

     

    (3) The consolidated financial results of the Company comprise of financials of following subsidiaries viz.

     

    Zee Akaash News Private Limited (60 per cent), Mediavest India Private Limited (100 pe rcent), Diligent Media Corporation Limited (99.99 per cent), Pri-Media Services Private Limited (100 per cent) and Company’s share in the results of an Associate entity, Maurya TV Private Limited, wherein Company held 37.87 percent till 11 December, 2014 and post 11 December, 2014, consequent to further acquisitions, Maurya TV Private Limited became Wholly owned Subsidiary of the Company.

     

    Advertisement and Subscription revenue

     

    The company says in its earnings release that advertisement revenue in FY-2015 increased 78.6 per cent to Rs 393.88 crore as compared to the Rs 220.51 crore in FY-2014. Advertising revenue in Q4-2015 increased 82.5 per cent y-o-y in Q4-2014 to Rs 98.69 crore from Rs 53.3 crore in Q4-2014 and was 1.5 per cent lower as compared to the Rs 100.13 crore in the immediate trailing quarter.  

     

    Television advertisement revenue increased 40.8 per cent in FY-2015 to Rs 310.55 crore as compared to Rs 220.51 crore in FY-2014, out of which advertisement revenue from new channels grew 21.9 per cent to Rs 13.81 crore in the current year from Rs 11.33 crore in the previous year.

     

    Television ad revenue in Q4-2015 at Rs 80.16 crore was 50.4 per cent more than the Rs 53.3 crore in Q4-2014. Ad revenue from new channels in Q4-2015 more than trebled (3.1 times) at Rs 5.26 crore as compared to the Rs 1.7 crore in Q4-2014. Advertising revenue from ZMCL’s new channels in Q3-2015 was Rs 3.33 crore. 

     

    Subscription revenue grew 13.7 per cent in FY-2015 to Rs 113.54 crore from Rs 99.90 crore in FY-2014. Subscription revenue grew 11.9 per cent y-o-y to Rs 30.21 crore from Rs 27 crore and was 0.4 per cent lower than the Rs 30.33 crore in Q3-2015.

     

    Let’s look at the other numbers reported by ZMCL

     

    ZMCL reported 52.6 per cent growth in TIO at Rs 139.88 crore in Q4-2015 as compared to the Rs 91.69 crore in Q4-2014 and almost flat as compared to the Rs 139.875 crore in the immediate trailing quarter. 

     

    ZMCL reported a loss of Rs 46.65 crore in FY-2015 versus a PAT of Rs 18.93 crore in FY-2014.

     

    The company reported loss of Rs 7.18 crore in Q4-2015 versus a PAT of Rs 4.11 crore in the corresponding quarter of last year and a loss of Rs 10.42 crore in Q3-2015.

     

    Total expense (TE) in FY-2015 at Rs 554.43 crore was 70.2 per cent more than the Rs 325.76 crore in FY-2014. The company’s TE in Q4-2015 at Rs 137.48 crore was 69.1 per cent more than the Rs 81.3 crore in Q4-2014 and was 1.5 per cent more than Rs 135.11 crores in Q3-2015. 

     

    ZMCL’s employee benefit expense (EBE) in FY-2015 at Rs 160.66 crore was 60.6 per cent more than the FY-2014 EBE in Rs 99.1 crore. Q4-2015 EBE at Rs 39.34 crore was 51 per cent more than the Rs 25.13 crore but was 1.1 per cent less than Rs 39.76 crore in Q3-2015.

     

    In FY-2015, ZMCL’s operational cost at Rs 104.70 was 58.3 per cent more than the Rs 66.13 crore in FY-2015. ZMCL’s operational cost in Q4-2015 at Rs 27.94 crore was 70.6 per cent more than the Rs 16.38 crore in Q4-2014 and was 19.5 per cent more than the  Rs 23.39 crore in Q3-2015. 

     

    Company Speak

     

    ZMCL News Cluster group CEO Bhaskar Das said, “The continuing growth of advertising revenue in FY-2015 gave us ample scope to experiment with path breaking content like roping in cricket celebrities for World Cup programming. From ‘update’ to ‘upgrade’ our content philosophy has evolved to cater to the ever increasing demands of an engaged consumer. The initiation of BARC ratings in the new fiscal will bring about a paradigm shift in how the industry and advertisers track the viewership data.”

     

    ZMCL CEO Ashish Kirpal Pandit added, “The company, in addition to upgrading its content and increasing its penetration among advertisers, is also focusing on improving its operational efficiency, which is evident from improving margins. The company plans to make full use of the increase in digitization and expected improvement in viewership measurements and move towards a more analytical approach to doing business.”

  • Q3-2015: ZMCL reports 52.6% revenue growth

    Q3-2015: ZMCL reports 52.6% revenue growth

    BENGALURU: Zee Media Corporation Limited (ZMCL), the erstwhile Zee News Limited, reported 52.6 per cent growth in Total Income from Operations (TIO) to Rs 139.88 crore in Q3-2015 as compared to Rs 91.69 crore in Q3-2014 and 6.7 per cent more than the Rs 131.12 crore in Q2-2015. YTD, the company reported a 60.3 per cent growth in TIO to Rs 404.45 crore from Rs 252.39 crore in 9M-2014.

     

    The company reported loss of Rs 9.40 crore in Q3-2015 versus a PAT of Rs 5.92 crore in the corresponding quarter of last year and a loss of Rs 12.86 crore in Q2-2015. ZMCL reported a loss of Rs 39.47 crore in 9M-2015 versus a PAT of Rs 14.82 crore in 9M-2014.

     

    In its earnings release, ZMCL says that new channels incurred an operating loss of Rs 7.65 crore in Q3-2015, a loss of Rs 3.31 crore in Q3-2014 and  loss of Rs 10.13 crore in the immediate trailing quarter. YTD, new channels reported an operating loss of Rs 30.34 crore in 9M-2015 and an operating loss of Rs 10.83 crore in 9M-2014. 

     

    ZMCL’s print business reported an operating loss of Rs 3.28 crore in Q3-2015, a loss of Rs 18.8 crore in 9M-2015. In Q2-2015, print business had reported an operating loss of Rs 4.39 crore.

     

    ZMCL television business reported EBIDTA of Rs 20.07 crore in Q3-2015 and Rs 43.8 crore in 9M-2015. Television business had reported EBIDTA of Rs 20.62 crore in Q2-2015.

     

    ZMCL News Cluster group CEO Bhaskar Das said, “We continue to reach the highest number of consumers across India through our TV channels. Consolidating our position as the largest news network, Zee Media Corporation Limited (ZMCL) reached over 116 million consumers through its 2 national channels and 8 regional channels. Striving to create content differentiator in a me-too market, we are investing strategically into content that aligns with big news events. The increased focus on content has been made possible by robust growth in advertisement revenue. I am also happy to note that the government is favourably viewing broadcasters’ opposition to the whole paradigm on the ad cap regulation.” 

     

    ZMCL CEO Ashish Kirpal Pandit added, “On top of the learning curve of how to make broadcasting operations profitable, we at ZMCL are hopeful that our regional bouquet will stabilize soon and start yielding positive returns. We also expect that the impact of digitization will come into full play very soon. We are confident about the business which will be backed by high quality shows that will hit the screen very soon.”

     

    Watch this space for more…

     

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

     

    (2) The figures in this report are consolidated figures unless stated otherwise

     

    (3) The consolidated financial results of the Company comprise of financials of following subsidiaries viz. Zee Akaash News Private Limited (60 per cent), Mediavest India Private Limited (100 per cent), Diligent Media Corporation Limited (99.99 per cent), Pri-Media Services Private Limited (100 per cent) and Company’s share in the results of an Associate entity, Maurya TV Private Limited, wherein Company held 37.87 per cent till December 11, 2014 and post December 11, 2014, consequent to further acquisitions, Maurya TV Private Limited became Wholly owned Subsidiary of the Company.