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Tag: B.A.G Films

  • B.A.G Films post a consolidated loss of Rs 5.7 cr in Q3 of FY20

    B.A.G Films post a consolidated loss of Rs 5.7 cr in Q3 of FY20

    MUMBAI: As the top and bottom line of B.A.G Films slumped, the television broadcasting revenue of the media company dropped by 37 per cent in the third quarter of the financial year 2019-20.  

    The company reported a consolidated loss of Rs 5.72 crore in the third quarter of the financial year 2019-20 against the profit of Rs 9.33 cr in the same quarter of the last financial year.

    The consolidated revenue from operations of the media company has dropped by 45 per cent to Rs 25.79 crore in the Q3 FY20 against Rs 46.86 crore in the December-ended quarter of FY19.

    In terms of the segment, the television broadcasting revenue of the company fell by 37 per cent to 24.7 crore in Q3 FY20 as compared to Rs 39.48 crore in the December-ended quarter FY19.

    The company, in the nine-month period, posted a consolidated loss of Rs 8.92 crore as against the profit of 14.02 crore in the same period last financial year.

  • News24 Broadcast appoints Ajay Mishra as company secretary

    News24 Broadcast appoints Ajay Mishra as company secretary

    MUMBAI: News24 Broadcast, the news TV arm of BAG Films, appointed Ajay Mishra as company secretary with effect from 11 February 2020.

    The decision of appointing Mishra as company secretary was taken by BAG Films board on Monday while releasing the quarter third results of the financial year 2019-20. The company has reported a standalone net loss of Rs 1.82 crore in the December-ended quarter. 

    The BSE filing of BAG Films said that Mishra is a qualified company secretary and law graduate, having over 10 years of experience in dealing with corporate and allied compliances.  

  • Q2-2016: TRAI Report: YoY and QoQ Radio ad revenue up 23 per cent

    Q2-2016: TRAI Report: YoY and QoQ Radio ad revenue up 23 per cent

    BENGALURU:  The radio industry in India has reported the highest advertisement revenue so far for the quarter ended September 30, 2015 (Q2-2016) as per the latest TRAI report. Advertisement revenue in Q2-2016 reported to TRAI by 236 radio stations was Rs 481.56 crore, or Rs2.04 crore per station. The ad revenue per station reported in Q2-2016 increased 23.17 per cent year-on-year (YoY) as compared to Rs 1.66 crore in (Rs 399.26 crore reported by 241 radio stations) Q2-2015 and 23.81 per cent quarter-on-quarter (QoQ) as compared to Rs 1.65 crore (Rs 393.9 crore reported by 239 radio stations) in the immediate trailing quarter.

    Before Q2-2016, the previous highest ad revenue was Rs 443.17 crore reported by 241 radio stations in Q3-2015 orRs 1.84 crore per station.

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

    (b) The author has taken the liberty to introduce a measure – average revenue per radio station. This is a rough yardstick and may not necessarily be indicative of a station or a networks performance, because factors such as geography and market conditions within the area of operations are among many that will also determine performance.

    (c) This report is skewed more towards general financial numbers in terms of revenue and results, and not operational performance.

    Trends across 18 consecutive quarters (four fiscal years, plus two quarters of the current fiscal)

    Please refer to Fig A below – Ad revenue per station has been calculated based on combined ad revenue figures disclosed by TRAI across 18 consecutive quarters starting Q1-2012 until Q2-2016. During the period, in general, ad revenue from radio stations shows an increasing linear trend as is indicted by the broken black trend line. Over the financial years 2012, 2013, 2014 and 2015, it has been noted that ad revenue increases in the following order from lowest to highest – Q1, Q2, Q4, Q3. It may be noted that in fiscals 2012 and 2013 ad revenue per station was actually higher in Q4 than Q3, but in fiscals 2014 and 2015, it was highest in Q3.

    Fig B below shows how ad revenues have changed YoY and QoQ since Q1-2013 until Q2-2016 (across 14 quarters). During this periodboth the YoY and QoQincrease was highest in Q2-2016 at approximately 23 per cent plus each. The previous highest YoY increase was Q2-2014 at 21.31 per cent, while the previous highest QoQ increase was Q3-2013 at 18.85 per cent. While there has never been a YoY decline, in the case of QoQ, revenues have declined in Q1-2013, Q1-2014, Q4-2014, Q1-2015, Q4-2015 and Q1-2016, hence further substantiating the above observations that Q1 of a financial year generally has the lowest ad revenue in a fiscal, while Q3, which is the festival quarter in India, has the highest ad revenue. Further, the QoQ drop in Q4 was not steep, and hence Q4 over the past two fiscals has the next highest ad revenues.

    For the year ended March 31, 2015 (FY-2015), the numbers reported by the radio industry for the year were the probably the best (indiantelevision link, radioandusic link) until then. Despite an 8.88 percent QoQ (quarter on quarter) fall in average ad revenue per station in Q1-2016, the ad average revenue per station of Rs 1.65 crore was the best yet for the first quarter over a period of 4 years. In Q1-2015, YoY ad revenue grew 11.90 percent as compared to Q1-2014.Combined with the great Q2-2016 numbers, historical trends indicate that FY-2016 could be an even better year in terms of average revenue per station and overall revenues.

    As per the latest TRAI data, the sum of average ad revenues per station for the first two quarters of 2016 at Rs 3.69 crore is already 54.4 per cent of the average ad revenue per station of Rs 6.78 crore for fiscal 2015. As mentioned above, Q1 and Q2 generally report the lowest and second lowest ad revenues respectively in a financial year. Results reported by a few companies for the third quarter ended 31 December 2015 (Q3-2016) indicate that YoY and QoQ revenues have risen.  Add to this the revenue of the new stations acquired in phase III auctions if/once they start operations in the fourth quarter, the radio industry should report substantial revenue increases from FY-2016 onwards.

    Let us look at how a few radio networks performed.

    Note (2):  (a) This report considers PAT posted by 2 radio companies (ENIL – Radio Mirchi, 32 radio stations; JagranPrakashan – Radio City – 20 radio stations), along with operating results of DB Corp (My FM, 17 stations); B. A.G. Films (Radio Dhamaal, 10 stations); HT Media (Fever FM, 4 stations); and TV Today (Oye! FM, 6 stations), or a total of 6 radio networks that represent 89, or 36.63 percent of the 243 private FM radio stations in Q2-2016.

    (b) The Q3-2016 numbers of individual players in this report have been obtained from their filings with regulatory bodies, the TRAI number for Q3-2016 has been extrapolated and could prove to be inaccurate.

    (c)Revenues for the sample stations mean Total Income from Operations and generally include ad revenue and other operating revenues.

    (d) Phase III and other radio stations acquisitions: ENIL has received permission from the Ministry of Information & Broadcasting (MIB) to acquire 4 stations from TV Today Network Limited (Oye! FM), viz., those at Amritsar, Patiala, Shimla and Jodhpur – which the company says have been/will be re-branded and re-launched shortly as Mirchi, adding to its North India network strength. With another 7 stations acquired in phase III auctions, the core Mirchi brand will now be available in 43 cities. There are/will be a total of 39 FM radio stations that JagranPrakashan Limited currently has. This includes the existing 20 radio stations plus 11 stations acquired in phase III auctions and 8 radio stations under the brand Radio Mantra.  Radio Mantra was earlier operated by Shri Puran Multimedia, Jagran’s promoter group. Besides, the group also runs a web radio network with 21 web radio streams under Planetradiocity.com.  During the Phase III auctions, DB Corp (My FM) acquired 14 frequencies, through which MY FM will extend its presence to seven states and 30 cities with 31 stations. HT Media acquired 10 radio frequencies during phase III auctions, taking its total radio stations to 14. However these changes are not considered here, for this report pertains to the period before all the new stations have started operations.

    (e) In mid-December 2015, Radio Mirchi added two more station, those at Amritsar and Patalia. It is presumed by the author that the addition of these two mare station brought in no significant addition to income to Radio Mirchi in Q3-2016, hence Radio Mirchi’s revenue per station has been calculated on the basis of 32 stations in this paper for that quarter. However, actual facts could be different.

    Entertainment Network India Limited (ENIL) that operates brand Radio Mirchi is the only separately listed radio company in India and one of the most profitable ones by far. It must be noted that in Q2-2016, ENIL’s revenue made up 50.6 per cent of the combined revenue of the six entities in this paper. In Q3-2016, ENIL contributed to 51.6 per cent of combined revenues. Other stations/radio brands of consequence, whose results are within the public domain have been considered in this report.

    Please refer to Fig C below. It may be noted that the figure of Rs2.30 crore in blue for All India ad revenue per station is a projection based on certain assumptions made by the author, and could be incorrect.

    In Q2-2016 (30 September 2015), combined revenues of the six entities in this report had increased 10.3 per cent YoY and had increased 15.5 per cent QoQ, much lower than the YoY andQoQ increases reported by TRAI (23.17 per cent and 23.81 per cent respectively)

    Combined revenues of the 89 radio stations run by the six entities increased 19.2 per cent YoY to Rs 278.16 crore in Q3-2016 (31 December 2016) as compared to Rs 233.41 crore and increased 21 per cent QoQ as compared to Rs 229.95 crore.

    Combined operating profit/PAT in Q3-2016 of the six entities declined 11.1 per cnt YoY to Rs 60.31 crore as compared to Rs 67.83 crore, but increased 36.6 per cent QoQ from Rs 44.15 crore.

    Music Broadcast Limited (MBL) which runs Radio City reported 14.9 YoY (year-on-year) growth in operating revenue for Q3-2016 at Rs 64.80 crore as compared to Rs 56.39 crore for the corresponding prior year quarter. Revenue in Q3-2016 was 16.7 per cent higher QoQ (quarter-on-quarter) as compared to Rs 55.54 crore in the immediate trailing quarter.

    B. A. G. Films Limited Radio segment Radio Dhamaalreported 1.8 per cent QoQ drop in operating revenue growth at Rs 2.18 crore as compared to Rs 2.22 crore and 10 per cent YoY decline in revenue as compared to Rs2.43 crore.

    HT Media’s radio segment Fever 104 FM reported a 25 per cent YoY increase in operating revenue to Rs 32.26 crore as compared to Rs 28.81 crore and grew 10 per cent QoQ as compared to Rs 29.34 crore.

    ENIL reported 22.9 percent YoY increase in Total Income from Operations (TIO) in the quarter ended December 31, 2015 (Q3-2016, current quarter) at Rs 143.57 crore as compared to the Rs 117.69 crore and 23.5 percent higher QoQ as compared to Rs 116.27 crore in the immediate trailing quarter.

    DB Corp’s My FMrevenue increased 25.8 percent YoY at Rs 32.32 crore as compared to Rs 25.69 crore) and a  34.9 percent QoQ  growth as compared to Rs 23.96 crore.

    TV Today’s Network Limited radio segment Oye! reported49.4 percent YoY decline in operating revenue at Rs 2.02 crore as compared to Rs 4.00 crore, and 22.5 percent lower operating revenue as compared to Rs 2.61 crore in the immediate trailing quarter.

    MBL’s (Radio City) profit after tax (PAT) in Q3-2016 declined 5.4 per cent YoY to Rs 16.17 crore (25 per cent margin) as compared to Rs 17.10 crore (30.3 per cent margin), but increased by more than a third (increased by 34.2 per cent) from Rs 12.05 crore (21.7 per cent margin). PAT for 9M-2016 declined 30.7 per cent to Rs 25.99 crore (15.5 per cent margin) from Rs 37.53 crore (24.9 per cent margin) in the corresponding period of the previous year.

    Dhamaal’s operating profit in Q3-2016 was less than a third (down 68.1 per cent) QoQ at Rs 0.23 crore as compared to Rs 0.73 crore and less than a fourth (down 75.5 per cent) YoY as compared to Rs 0.94 crore in Q2-2015.

    Fever reported 21 per cent decline in operating profit in Q3-2016 at Rs 7.46 crore as compared to Rs 9.44 crore, but was 94.3 per cent more QoQ than of Rs 3.84 crore.

    ENIL’s profit after tax (PAT) in Q3-2016 declined 18.8 percent to Rs 26.99 crore (18.8 percent margin) as compared to Rs 32.84 crore (28.1 percent margin) and was flat QoQ as compared to Rs 26.97 crore (23.2 percent margin) in Q2-2016. The company had entered the Rs 100 crore PAT club in FY-2015 with a PAT of Rs 105.98 crore (24.2 percent margin) on a TIO of Rs 483.48 crore.

    My FM reported almost double the operating profit (grew by 98.7 percent) QoQ at Rs 12 crore as compared to Rs 6.04 crore and increased 27.1 percent YoY as compared to Rs 9.44 crore.

    Oye! loss in the current quarter was higher at Rs2.54 crore as compared to the operating loss of Rs1.94 crore in Q3-2015 but lower than the operating loss of Rs 5.48 crore in Q2-2016.

  • Q2-2016: TRAI Report: YoY and QoQ Radio ad revenue up 23 per cent

    Q2-2016: TRAI Report: YoY and QoQ Radio ad revenue up 23 per cent

    BENGALURU:  The radio industry in India has reported the highest advertisement revenue so far for the quarter ended September 30, 2015 (Q2-2016) as per the latest TRAI report. Advertisement revenue in Q2-2016 reported to TRAI by 236 radio stations was Rs 481.56 crore, or Rs2.04 crore per station. The ad revenue per station reported in Q2-2016 increased 23.17 per cent year-on-year (YoY) as compared to Rs 1.66 crore in (Rs 399.26 crore reported by 241 radio stations) Q2-2015 and 23.81 per cent quarter-on-quarter (QoQ) as compared to Rs 1.65 crore (Rs 393.9 crore reported by 239 radio stations) in the immediate trailing quarter.

    Before Q2-2016, the previous highest ad revenue was Rs 443.17 crore reported by 241 radio stations in Q3-2015 orRs 1.84 crore per station.

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

    (b) The author has taken the liberty to introduce a measure – average revenue per radio station. This is a rough yardstick and may not necessarily be indicative of a station or a networks performance, because factors such as geography and market conditions within the area of operations are among many that will also determine performance.

    (c) This report is skewed more towards general financial numbers in terms of revenue and results, and not operational performance.

    Trends across 18 consecutive quarters (four fiscal years, plus two quarters of the current fiscal)

    Please refer to Fig A below – Ad revenue per station has been calculated based on combined ad revenue figures disclosed by TRAI across 18 consecutive quarters starting Q1-2012 until Q2-2016. During the period, in general, ad revenue from radio stations shows an increasing linear trend as is indicted by the broken black trend line. Over the financial years 2012, 2013, 2014 and 2015, it has been noted that ad revenue increases in the following order from lowest to highest – Q1, Q2, Q4, Q3. It may be noted that in fiscals 2012 and 2013 ad revenue per station was actually higher in Q4 than Q3, but in fiscals 2014 and 2015, it was highest in Q3.

    Fig B below shows how ad revenues have changed YoY and QoQ since Q1-2013 until Q2-2016 (across 14 quarters). During this periodboth the YoY and QoQincrease was highest in Q2-2016 at approximately 23 per cent plus each. The previous highest YoY increase was Q2-2014 at 21.31 per cent, while the previous highest QoQ increase was Q3-2013 at 18.85 per cent. While there has never been a YoY decline, in the case of QoQ, revenues have declined in Q1-2013, Q1-2014, Q4-2014, Q1-2015, Q4-2015 and Q1-2016, hence further substantiating the above observations that Q1 of a financial year generally has the lowest ad revenue in a fiscal, while Q3, which is the festival quarter in India, has the highest ad revenue. Further, the QoQ drop in Q4 was not steep, and hence Q4 over the past two fiscals has the next highest ad revenues.

    For the year ended March 31, 2015 (FY-2015), the numbers reported by the radio industry for the year were the probably the best (indiantelevision link, radioandusic link) until then. Despite an 8.88 percent QoQ (quarter on quarter) fall in average ad revenue per station in Q1-2016, the ad average revenue per station of Rs 1.65 crore was the best yet for the first quarter over a period of 4 years. In Q1-2015, YoY ad revenue grew 11.90 percent as compared to Q1-2014.Combined with the great Q2-2016 numbers, historical trends indicate that FY-2016 could be an even better year in terms of average revenue per station and overall revenues.

    As per the latest TRAI data, the sum of average ad revenues per station for the first two quarters of 2016 at Rs 3.69 crore is already 54.4 per cent of the average ad revenue per station of Rs 6.78 crore for fiscal 2015. As mentioned above, Q1 and Q2 generally report the lowest and second lowest ad revenues respectively in a financial year. Results reported by a few companies for the third quarter ended 31 December 2015 (Q3-2016) indicate that YoY and QoQ revenues have risen.  Add to this the revenue of the new stations acquired in phase III auctions if/once they start operations in the fourth quarter, the radio industry should report substantial revenue increases from FY-2016 onwards.

    Let us look at how a few radio networks performed.

    Note (2):  (a) This report considers PAT posted by 2 radio companies (ENIL – Radio Mirchi, 32 radio stations; JagranPrakashan – Radio City – 20 radio stations), along with operating results of DB Corp (My FM, 17 stations); B. A.G. Films (Radio Dhamaal, 10 stations); HT Media (Fever FM, 4 stations); and TV Today (Oye! FM, 6 stations), or a total of 6 radio networks that represent 89, or 36.63 percent of the 243 private FM radio stations in Q2-2016.

    (b) The Q3-2016 numbers of individual players in this report have been obtained from their filings with regulatory bodies, the TRAI number for Q3-2016 has been extrapolated and could prove to be inaccurate.

    (c)Revenues for the sample stations mean Total Income from Operations and generally include ad revenue and other operating revenues.

    (d) Phase III and other radio stations acquisitions: ENIL has received permission from the Ministry of Information & Broadcasting (MIB) to acquire 4 stations from TV Today Network Limited (Oye! FM), viz., those at Amritsar, Patiala, Shimla and Jodhpur – which the company says have been/will be re-branded and re-launched shortly as Mirchi, adding to its North India network strength. With another 7 stations acquired in phase III auctions, the core Mirchi brand will now be available in 43 cities. There are/will be a total of 39 FM radio stations that JagranPrakashan Limited currently has. This includes the existing 20 radio stations plus 11 stations acquired in phase III auctions and 8 radio stations under the brand Radio Mantra.  Radio Mantra was earlier operated by Shri Puran Multimedia, Jagran’s promoter group. Besides, the group also runs a web radio network with 21 web radio streams under Planetradiocity.com.  During the Phase III auctions, DB Corp (My FM) acquired 14 frequencies, through which MY FM will extend its presence to seven states and 30 cities with 31 stations. HT Media acquired 10 radio frequencies during phase III auctions, taking its total radio stations to 14. However these changes are not considered here, for this report pertains to the period before all the new stations have started operations.

    (e) In mid-December 2015, Radio Mirchi added two more station, those at Amritsar and Patalia. It is presumed by the author that the addition of these two mare station brought in no significant addition to income to Radio Mirchi in Q3-2016, hence Radio Mirchi’s revenue per station has been calculated on the basis of 32 stations in this paper for that quarter. However, actual facts could be different.

    Entertainment Network India Limited (ENIL) that operates brand Radio Mirchi is the only separately listed radio company in India and one of the most profitable ones by far. It must be noted that in Q2-2016, ENIL’s revenue made up 50.6 per cent of the combined revenue of the six entities in this paper. In Q3-2016, ENIL contributed to 51.6 per cent of combined revenues. Other stations/radio brands of consequence, whose results are within the public domain have been considered in this report.

    Please refer to Fig C below. It may be noted that the figure of Rs2.30 crore in blue for All India ad revenue per station is a projection based on certain assumptions made by the author, and could be incorrect.

    In Q2-2016 (30 September 2015), combined revenues of the six entities in this report had increased 10.3 per cent YoY and had increased 15.5 per cent QoQ, much lower than the YoY andQoQ increases reported by TRAI (23.17 per cent and 23.81 per cent respectively)

    Combined revenues of the 89 radio stations run by the six entities increased 19.2 per cent YoY to Rs 278.16 crore in Q3-2016 (31 December 2016) as compared to Rs 233.41 crore and increased 21 per cent QoQ as compared to Rs 229.95 crore.

    Combined operating profit/PAT in Q3-2016 of the six entities declined 11.1 per cnt YoY to Rs 60.31 crore as compared to Rs 67.83 crore, but increased 36.6 per cent QoQ from Rs 44.15 crore.

    Music Broadcast Limited (MBL) which runs Radio City reported 14.9 YoY (year-on-year) growth in operating revenue for Q3-2016 at Rs 64.80 crore as compared to Rs 56.39 crore for the corresponding prior year quarter. Revenue in Q3-2016 was 16.7 per cent higher QoQ (quarter-on-quarter) as compared to Rs 55.54 crore in the immediate trailing quarter.

    B. A. G. Films Limited Radio segment Radio Dhamaalreported 1.8 per cent QoQ drop in operating revenue growth at Rs 2.18 crore as compared to Rs 2.22 crore and 10 per cent YoY decline in revenue as compared to Rs2.43 crore.

    HT Media’s radio segment Fever 104 FM reported a 25 per cent YoY increase in operating revenue to Rs 32.26 crore as compared to Rs 28.81 crore and grew 10 per cent QoQ as compared to Rs 29.34 crore.

    ENIL reported 22.9 percent YoY increase in Total Income from Operations (TIO) in the quarter ended December 31, 2015 (Q3-2016, current quarter) at Rs 143.57 crore as compared to the Rs 117.69 crore and 23.5 percent higher QoQ as compared to Rs 116.27 crore in the immediate trailing quarter.

    DB Corp’s My FMrevenue increased 25.8 percent YoY at Rs 32.32 crore as compared to Rs 25.69 crore) and a  34.9 percent QoQ  growth as compared to Rs 23.96 crore.

    TV Today’s Network Limited radio segment Oye! reported49.4 percent YoY decline in operating revenue at Rs 2.02 crore as compared to Rs 4.00 crore, and 22.5 percent lower operating revenue as compared to Rs 2.61 crore in the immediate trailing quarter.

    MBL’s (Radio City) profit after tax (PAT) in Q3-2016 declined 5.4 per cent YoY to Rs 16.17 crore (25 per cent margin) as compared to Rs 17.10 crore (30.3 per cent margin), but increased by more than a third (increased by 34.2 per cent) from Rs 12.05 crore (21.7 per cent margin). PAT for 9M-2016 declined 30.7 per cent to Rs 25.99 crore (15.5 per cent margin) from Rs 37.53 crore (24.9 per cent margin) in the corresponding period of the previous year.

    Dhamaal’s operating profit in Q3-2016 was less than a third (down 68.1 per cent) QoQ at Rs 0.23 crore as compared to Rs 0.73 crore and less than a fourth (down 75.5 per cent) YoY as compared to Rs 0.94 crore in Q2-2015.

    Fever reported 21 per cent decline in operating profit in Q3-2016 at Rs 7.46 crore as compared to Rs 9.44 crore, but was 94.3 per cent more QoQ than of Rs 3.84 crore.

    ENIL’s profit after tax (PAT) in Q3-2016 declined 18.8 percent to Rs 26.99 crore (18.8 percent margin) as compared to Rs 32.84 crore (28.1 percent margin) and was flat QoQ as compared to Rs 26.97 crore (23.2 percent margin) in Q2-2016. The company had entered the Rs 100 crore PAT club in FY-2015 with a PAT of Rs 105.98 crore (24.2 percent margin) on a TIO of Rs 483.48 crore.

    My FM reported almost double the operating profit (grew by 98.7 percent) QoQ at Rs 12 crore as compared to Rs 6.04 crore and increased 27.1 percent YoY as compared to Rs 9.44 crore.

    Oye! loss in the current quarter was higher at Rs2.54 crore as compared to the operating loss of Rs1.94 crore in Q3-2015 but lower than the operating loss of Rs 5.48 crore in Q2-2016.

  • Q3-2016: B.A.G. Films revenue up 12.5%

    Q3-2016: B.A.G. Films revenue up 12.5%

    BENGALURU: B A G Films and Media Limited (BAG Films) reported 12.5 per cent higher quarter-on-quarter (QoQ) revenue (net Total Income from Operations, TIO) for the quarter ended 31 December, 2016 (Q3-2016, current quarter) at Rs 28.07 crore as compared to Rs 24.95 crore. Year-on year (YoY) TIO in the current quarter however declined 8.6 per cent from Rs 30.70 crore.

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

    BAG Films reported Profit after Tax (PAT) for the current quarter at Rs 0.48 crore (1.7 per cent margin) as compared to a loss of Rs 3.66 crore in the immediate trailing quarter and more than double YoY profit as compared to Rs 0.22 crore (0.7 per cent margin) in Q3-2015. EBIDTA in the current quarter at Rs 8.97 crore (31.9 per cent margin) was more than double (2.3 times) the Rs 3.93 crore (15.8 per cent margin) in Q2-2016 and 10.4 per cent more than the Rs 8.12 crore (26.4 per cent margin) in the corresponding prior year quarter.

    BAG Films major segment, Television Broadcasting (TV segment) reported four per cent QoQ growth in segment revenue at Rs 22.53 crore (80.3 per cent of TI) as compared to Rs 21.66 crore (86.8 per cent of TIO), but a 6.5 per cent YoY revenue decline from Rs 24.08 crore (82.8 per cent of TIO).

    BAG Films TV segment reported 45.9 per cent QoQ growth in operating profit at Rs 7.40 crore as compared to Rs 5.07 crore, but a 20.5 per cent YoY drop in operating profit as compared to the Rs 59.30 crore.

    Its other major segment, FM Radio (Radio Dhamaal) reported 1.8 per cent QoQ drop in operating revenue growth at Rs 2.18 crore (7.8 per cent of TIO) as compared to Rs 2.22 crore (8.9 per cent of TIO) and 10 per cent YoY decline in revenue as compared to Rs 2.43 crore (7.9 per cent of TIO).

    Operating profit in Q3-2016 was less than a third (down 68.1 per cent) QoQ at Rs 0.23 crore as compared to Rs 0.73 crore and less than a fourth (down 75.5 per cent) YoY as compared to Rs 0.94 crore in Q2-2015.

    Let us look at the other numbers reported by B. A. G. Films:

    B. A. G. Films total expenditure in the current quarter at Rs 23.12 crore (82.4 per cent of TIO) was 6.1 per cent lower QoQ than Rs 24.62 crore (98.7 per cent of TIO) and was 12.4 per cent lower than the Rs 26.40 crore (98.4 per cent of TIO), but increased four per cent YoY from Rs 23.67 crore (86 per cent of TIO).

    Employee Cost in Q3-2016 at Rs 5.03 crore (17.9 per cent of TIO) was 4.3 per cent higher QoQ than Rs 4.82 crore (19.3 per cent of TIO) and almost flat YoY (increased 0.1 per cent higher) that Rs 5.02 crore (17.1 per cent of TIO).

    Segment Numbers

    The company has mentioned five segments in its financial results. They are Audio-Visual Production (AVP); Movies: Leasing; FM Radio; and Television Broadcasting. While B.A.G. Films Movies segment made no contribution to the company’s revenue or operating results in the current quarter, Q2-2015 or Q2-2016, FM Radio and TV Broadcasting segment numbers have already been mentioned above.

    Audio Visual Production segment (AVP segment)

    AVP segment reported a more than triple (3.3 times) revenue in Q3-2016 at Rs 3.29 crore as compared to Rs 1 crore in Q2-2016, but a 17.6 per cent YoY decline as compared to the Rs 4 crore in Q3-2015. The segment reported an operating profit in Q3-2016 of Rs 1.72 crore as compared to a loss of Rs 0.66 crore in the previous quarter, but a 15.2 per cent YoY decline as compared to an operating profit of Rs 2.03 crore in Q3-2015.

    Leasing segment (The numbers for this segment are mentioned in lakh – 100 lakh = 1 crore)

    BAG Films leasing segment reported revenue of just Rs 6.4 lakh in the current quarter as compared to Rs 6.95 lakh in the previous quarter and Rs 19.8 lakh in Q3-2015. The segment reported an operating loss of Rs 110.23 lakh as compared to an operating loss of Rs 82.63 lakh in Q2-2016 and an operating loss of Rs 83.46 lakh in Q3-2015.

  • Q3-2016: B.A.G. Films revenue up 12.5%

    Q3-2016: B.A.G. Films revenue up 12.5%

    BENGALURU: B A G Films and Media Limited (BAG Films) reported 12.5 per cent higher quarter-on-quarter (QoQ) revenue (net Total Income from Operations, TIO) for the quarter ended 31 December, 2016 (Q3-2016, current quarter) at Rs 28.07 crore as compared to Rs 24.95 crore. Year-on year (YoY) TIO in the current quarter however declined 8.6 per cent from Rs 30.70 crore.

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

    BAG Films reported Profit after Tax (PAT) for the current quarter at Rs 0.48 crore (1.7 per cent margin) as compared to a loss of Rs 3.66 crore in the immediate trailing quarter and more than double YoY profit as compared to Rs 0.22 crore (0.7 per cent margin) in Q3-2015. EBIDTA in the current quarter at Rs 8.97 crore (31.9 per cent margin) was more than double (2.3 times) the Rs 3.93 crore (15.8 per cent margin) in Q2-2016 and 10.4 per cent more than the Rs 8.12 crore (26.4 per cent margin) in the corresponding prior year quarter.

    BAG Films major segment, Television Broadcasting (TV segment) reported four per cent QoQ growth in segment revenue at Rs 22.53 crore (80.3 per cent of TI) as compared to Rs 21.66 crore (86.8 per cent of TIO), but a 6.5 per cent YoY revenue decline from Rs 24.08 crore (82.8 per cent of TIO).

    BAG Films TV segment reported 45.9 per cent QoQ growth in operating profit at Rs 7.40 crore as compared to Rs 5.07 crore, but a 20.5 per cent YoY drop in operating profit as compared to the Rs 59.30 crore.

    Its other major segment, FM Radio (Radio Dhamaal) reported 1.8 per cent QoQ drop in operating revenue growth at Rs 2.18 crore (7.8 per cent of TIO) as compared to Rs 2.22 crore (8.9 per cent of TIO) and 10 per cent YoY decline in revenue as compared to Rs 2.43 crore (7.9 per cent of TIO).

    Operating profit in Q3-2016 was less than a third (down 68.1 per cent) QoQ at Rs 0.23 crore as compared to Rs 0.73 crore and less than a fourth (down 75.5 per cent) YoY as compared to Rs 0.94 crore in Q2-2015.

    Let us look at the other numbers reported by B. A. G. Films:

    B. A. G. Films total expenditure in the current quarter at Rs 23.12 crore (82.4 per cent of TIO) was 6.1 per cent lower QoQ than Rs 24.62 crore (98.7 per cent of TIO) and was 12.4 per cent lower than the Rs 26.40 crore (98.4 per cent of TIO), but increased four per cent YoY from Rs 23.67 crore (86 per cent of TIO).

    Employee Cost in Q3-2016 at Rs 5.03 crore (17.9 per cent of TIO) was 4.3 per cent higher QoQ than Rs 4.82 crore (19.3 per cent of TIO) and almost flat YoY (increased 0.1 per cent higher) that Rs 5.02 crore (17.1 per cent of TIO).

    Segment Numbers

    The company has mentioned five segments in its financial results. They are Audio-Visual Production (AVP); Movies: Leasing; FM Radio; and Television Broadcasting. While B.A.G. Films Movies segment made no contribution to the company’s revenue or operating results in the current quarter, Q2-2015 or Q2-2016, FM Radio and TV Broadcasting segment numbers have already been mentioned above.

    Audio Visual Production segment (AVP segment)

    AVP segment reported a more than triple (3.3 times) revenue in Q3-2016 at Rs 3.29 crore as compared to Rs 1 crore in Q2-2016, but a 17.6 per cent YoY decline as compared to the Rs 4 crore in Q3-2015. The segment reported an operating profit in Q3-2016 of Rs 1.72 crore as compared to a loss of Rs 0.66 crore in the previous quarter, but a 15.2 per cent YoY decline as compared to an operating profit of Rs 2.03 crore in Q3-2015.

    Leasing segment (The numbers for this segment are mentioned in lakh – 100 lakh = 1 crore)

    BAG Films leasing segment reported revenue of just Rs 6.4 lakh in the current quarter as compared to Rs 6.95 lakh in the previous quarter and Rs 19.8 lakh in Q3-2015. The segment reported an operating loss of Rs 110.23 lakh as compared to an operating loss of Rs 82.63 lakh in Q2-2016 and an operating loss of Rs 83.46 lakh in Q3-2015.

  • Q1-2014: Bag Films reports higher y-o-y income

    Q1-2014: Bag Films reports higher y-o-y income

    BENGALURU: B.A.G. Films & Media Limited (Bag Films) consolidated income from operations of Rs 32.67 crore for Q1-2014 which was 43.9 per cent higher than the Rs 22.7 crore reported by the company for Q1-2013 and almost flat (0.29 per cent lower) as compared to the Rs 32.77 crore for Q4-2013.

     

    Let us look at the other consolidated figures reported by Bag Films for Q1-2014

     

    Total expenditure for Q1-2014 at Rs 33.44 crore was 13.8 per cent lower than the Rs 38.79 crore for Q1-2013 and 8.7 per cent lower than the Rs 36.64 crore for Q4-2013.

     

    Bag Films reported a net loss after minority interest for Q1-2014 at Rs (-3.25) crore which was less than a third (28.7 per cent) the Rs (-11.32) crore for Q1-2013 and less than half (44.6 per cent) the Rs (-7.29) crores for Q4-2013.

     

    Segment Results

    Bag Films operates in five segments: Audio-visual production, Movies, Leasing, FM Radio and Television Broadcasting.

     

    Bag Films Audio-visual production segment reported a consolidated income of Rs 9.98 crore for Q1-2014 which was 42 per cent more than the Rs 7.03 crore for Q1-2013 and almost double (93 per cent more) than the Rs 5.17 crore for Q4-2013.

     

    The segment result for Audio-visual production for Q1-2014 at Rs (-0.44) crore was less than a quarter (23.27 per cent) of the Rs (-1.90) crore for Q1-2013 and 23.38 per cent of the Rs (-1.89) crore for Q4-2013.

     

    Leasing segment revenue for Q1-2014 at Rs 0.46 crore was almost quadruple (3.94 times) the Rs 0.12 crore for Q1-2013 and 5.87 per cent more than the Rs 0.44 crore for Q4-2013.

     

    The segment result for Q1-2014 for Leasing at Rs (-0.76 crore) was 39.55 per cent better than the Rs (-1.25) crore for Q1-2013 and less than half (41.75 per cent) of the Rs (-1.81) crore for Q4-2013.

     

    Bag Films Radio segment reported a 65 per cent rise in revenues in Q1-2014 to Rs1.56 crore as compared to the Rs 0.95 crore for Q1-2013 and was 24.4 per cent more than the Rs1.25 crore for Q4-2013.

     

    The radio segment result for Q1-2014 at Rs 0.51 crore was 43.2 per cent lower than the Rs 0.9 crore for Q1-2013. For Q4-2013, Bag Films Radio segment result was Rs (-1.17) crore.

     

    Bag Films Television broadcasting segment reported revenue of Rs 20.67 crore which was 39.5 per cent more than the Rs 14.82 crore for Q1-2013, but 20.21 per cent lower than the Rs 25.90 crore for Q4-2013.

     

    Segment result for Bag Films Television broadcasting segment for Q1-2014 at Rs 6.09 crore was 33.5 per cent lower than the Rs 9.15 crore for Q4-2013. This segment had reported result of Rs (-6.62) crore for Q1-2013.

  • BAG Network creates CEO post, hires Arora

    BAG Network creates CEO post, hires Arora

    MUMBAI: B.A.G Network has appointed RK Arora as CEO of its broadcasting initiatives.

    In the newly created post, Arora will look after the complete operations of Hindi news channel News24, Bollywood channel E24 and FM radio business Dhamaal24. He will also be responsible for the expansion plans of the network.  
         
      Before joining B.A.G. Network, Arora was associated with Independent News Service since inception which launched India TV in 2004. A Chartered Accountant by profession, he was CFO and executive director of the company.

    Arora said, “I am pleased to join B.A.G. Network which has different verticals such as television, radio, teleport services, TV serials, film production and media institute and with my vast experience of 14 years in media, I will be able to enhance the growth of the Network.”

    B.A.G Films and Media CMD Anurradha Prasad said, “With an experience of over 14 years and his grip on the media industry and distribution network including technology implications, he is going to help B.A.G Network reach new milestones.”

  • That day mustn’t come again

    That day mustn’t come again

    I flew back in Delhi after an exhausting day of work at the B.A.G’s Mumbai office. I sat to pursue my daily unwinding ritual of channel surfing. Least did I expect to see the dastardly act that was shaking the city and draining blood of the country.

    I immediately got on the phone to connect with the News 24 Mumbai and Delhi team. The channel had already dispatched reporters who were already present and reporting from ground zero. I watched the news feeds as they came in and as they were being relayed then on the channel. The terrorists had entered the heritage Taj Hotel- the most esteemed and loved landmark of the city, and taken the staff and guests hostage. They had grounded themselves at the Oberoi Trident firing at unsuspecting people and horrifying people like an untold unheard nightmare. They had sprayed bullets on unsuspecting people at the Chattrapati Shivaji Terminus and Leopold Café. AK-47s had been used and we got news of 20 people being murdered at the busy CST station and hundreds wounded.

    At the popular hang out Leopold Café, news came in of five people being killed and many more injured. The terrorists were still on the loose prolonging the tragedy. Any person familiar with Mumbai knows the mad rush the CST station witnesses every single day, clamouring on to trains that accommodate hundreds of people more than capacity. Every person who goes to Mumbai has the Leopold Café on their tourist destinations, for its quaint feel and heritage. I was numb as an Indian with the thought of the havoc the act would have caused at the sites and how many more would suffer in this mindless war that had been waged on us.

    Minute by minute more news kept coming in. News 24’s resident editor Hemant Sharma stood organizing his whole team and simultaneously giving piece to cameras one after the other. From the youngest of reporters to the most experienced, all set out to report the horror. The police had cordoned off the Taj and the other attacked sites and rescue operations were ensuing. Additional Commissioner of Mumbai Police had received information that a colleague had been injured in the gunfire at the Cama and Albless Hospital for women and children. They took a Toyota Qualis and proceeded in that direction. Two terrorists stepped out from behind a tree and opened fire with AK-47 automatic rifles. Priti Sompura, News 24’s reporter, was present with the cameraperson steps away from the site. Kamte had managed to retaliate, wounding a terrorist in the arm. In few minutes, news of them having succumbed to their wounds infuriated and saddened the nation.

    At the Taj, India witnesses that the Anti Terror Squad Chief Hemant Karkare had arrived and looked set to lead his team to bring the nightmare to an end. He geared up in moments in his helmet and bullet proof jacket. Was there hope for the nightmare to end shortly, reporters asked…

    It was through the live reports that we saw him go… Through the ropes and into the hotel, braving the threat he faced in his line of duty. Within seconds, the terrorists eliminated him. Their bullets pierced his so called bullet proof outfit. News 24’s anchor Sayeed Ansari told the nation of the death of one of the finest police officers to his audience. Such was the rush of blood and the magnitude of the tragedy, that his voice choked and eyes watered as he stood speaking to the camera. Another blow to efforts to end the disaster burning…another irreplaceable loss that had engulfed us all.

    Every moment was a shocker, every second a life changer. News 24’s Managing Editor Ajit Anjum, Director News Supriya Prasad and Input Head Rahul Mahajan rushed back from where they were to the news room to bring the shocking incident to their audience. Rahul Mahajan caught the first flight to Mumbai to bring the intensity and magnitude of the attack to the television screen. Supported ably by Shadab Alam, Mukul, Arun Pandey, Manish, Shashi Shekhar, Vikas, Preeti Sompura and Santosh Tiwari, the teams ensured reports relayed on the channel without any interruption.

    Raman Kumar and Amit Kumar, handling Delhi bureau, spent their night alternating between the Prime Minister’s Office and the Home Minister’s office seeking their reactions and responses to the tragedy. Manish Kumar and the whole fleet of reporters coordinated with Hemant Sharma on a minute to minute basis to bring news as it happened. Naveen Bisht, Adarsh Rastogi and their teams packaged all reports non stop in tandem with the reports.

    The Taj Hotel was totally under siege, and the freaks inside were firing randomly at staff and guests. Chefs, servers, attendants, people out for tea and dinner, foreigners out on vacation… There was only a number attached to the men and women who were falling dead with each aimless bullet being fired by the mad men inside. Bombs went off in two taxis close to where Vivek Gupta was reporting for News 24. Saved by a hair’s distance, it was all a joke to the men who had planned it all. To those suffering, to the ones reporting, to those witnessing – just an indescribable feeling raging within.

    Bullets were in an arms reach and terror was striking one the same plane on which stood the men and women reporting development, moment after moment. From News 24, cameramen Murganathan, Prahlad Singh, Vijay Chaudhary, Jitendra Singh, Imteyaz Khan and Akhilesh Singh positioned themselves at various points around the Taj, and the other sites. Reporters Priti Sompura, Vivek Gupta, Bhupendra Singh, Ankur Tyagi, Pravin Mishra and Vinod Jagdale stood, lay down, squatted – like the hundreds of other reporters from various news channels to report what was the worst terror attack on the nation.

    News came in that the CST station and Leopold Café had been taken over by security forces. 52 people had been killed at CST and 109 injured. 10 people had been killed at Leopold and many other were left maimed and bleeding. Hospitals were bustling, trying to aid the injured. Meanwhile, a one-sided war was raging at the Taj, Oberoi and Nariman house – all a stone’s throw away from each other. India watched as the moment by moment account was brought to them live by those standing at arm’s length with death. India united as news of the tragedy their compatriots faced stared them in their face.

    Amidst reports and the madness of bringing it all live from the newsroom, I called my friends in Mumbai enquiring about their safety, several of them including Sabina Sehgal Saikia. I could hear the numbness of their family members as they spoke flatly about their loved ones.

    Day after day, worse news kept coming in. And the fact that ten men had held the country to ransom for 24, then 48, then 72 hours exposed the helplessness of the common man and infuriated us all as never before. And for all the four days, Resident Editor Hemant Sharma relayed developments second by second in coordination with the Delhi team. Anchors Sayeed Ansari, Anjana Kashyap and Akhilesh Anand reported the minute by minute developments on all days non-stop. Reporters like Ankur Tyagi, Sanket Pathak, Anuja Karnik, Aarti Dani, and Anshul Agrawal along with camerapersons Dilip Rawani, Naveen Pandey, Mintu Singh, Kanti Parmar, Sameer Sherke and Babaji Nanaware continued to report and bring live second by second developments. Supplement reporters who had been flown in to support the Mumbai team included Satyendra Upadhyay and Nalini Rajput.

    Amidst the humdrum, one wondered why when we are surrounded by enemies, can we not have a centralized anti terror agency to ensure that such an incident doesn’t reach the proportions it reached? Why did our heroes have to die so arbitrarily while protecting us? Could there be no concerted effort to end the nightmare? Why was New Delhi at such a loss after the death of three fine officers and why could it not garner a unit to end the ensuing disaster? No one seemed to be in command; no one seemed to be leading the way to end the nightmare.

    A year later, the Chief Minister of Maharashtra has honoured Priti Sompura, Vivek Gupta and Ankur Tyagi with the Maharashtra Congress Committee award for their efforts in reporting the horrific day in the face of acute danger. News 24 recounts the horror of this day last year with its show, Morche Par Reporter, that also commemorates the men and women from across news channels who reported the days of horror for their compatriots and helped unite the country into one in the hours of grief and mourning.

    We all asked a hundred questions, vented our fury, wrote, debated, argued and fought…and then fell silent. Like we always have done…like we always do…A year later, there is yet no unified command in place with the anger, sorrow and helplessness that engulfs me like the billion people of India.

    (Anurradha Prasad is News24 Editor-in-Chief and BAG Films & Media CMD)

    (Disclaimer: The views expressed here are those of the author and Indiantelevision.com need not necessarily subscribe to the same)

  • B.A.G Films to launch glamour channel in January, 2 more by mid-2008

    NEW DELHI: B.A.G Films & Media Ltd. will launch its glamour channel E24 by January-end and the spirituality and lifestyle channels will be up by the middle of 2008.

    This was disclosed by B.A.G Films MD Anurradha Prasad while stating that the Hindi news channel, News 24, would launch on 13 December, 5.30 pm onwards.

    Indiantelevision.com had earlier reported that B.A.G Films would invest Rs 4 billion in its broadcast venture and the Hindi news channel would launch on 13 December.

    News 24 is aimed at the “Young Adult.” Said Prasad, “Why another channel in this already cluttered Hindi news channel space? We feel that news has vanished from the channels. The youth particularly do not take any interest in the news channels. That’s why we decided on a new channel addressing that target group.”

    The entire editorial guideline of the channel is based on reporting, analysing and presenting hardcore news for the youth. “There is no room for infotainment in our channel, since I have a hard news background. This is what we are going to restore in the Hindi TV news space,” said Prasad.

    Asked about the differentiator between her channel and channels like IBN 7, which also thinks on similar lines, Prasad said that this would be finally decided by the viewers.

    With regard to marketing research for positioning her channel, she said, “I consciously avoided research because my experience is that people get influenced by researches. I am sure that any research agency would ask me not to get into this cluttered market. We are in the content business, and content is a gut feeling. So we went with our gut feeling. But yes, on taking that decision, we did some focused research on what the target group would want to see.”

    The channel will have a dedicated 30-minute programme daily focused on youth and the issues that concern them. They will also feature a programme on campus life and issues relating to coming of age, presenter of the campus programme Anjana Kashyap said. She added that there is a separate group of 30 reporters for the youth programming, which is distinct from the general news set-up.

    Prasad said that the channel will be “hugely interactive” with a clear presence on the Internet and not just the use of the SMS system.

    News 24 will use state-of-the-art technology for all editorial inputs from its 42 reporters, and 300 stringers across the country who will come on the Internet using FTP.

    News 24 is adopting tapeless cameras making time-consuming physical delivery of tapes completely redundant. Moreover, the innovative IT News Gathering Technology will enable on-field journalists to upload/uplink recordings instantly, thus ensuring immediacy of news. The entire network is transparently connected across the 13 bureaus. The network has implemented a revolutionary digital archiving system that can store up to 5,000 hours of coverage with expandable memory.

    The channel has tied up with Reliance Infocomm to gather news from wherever their own reporters or stringers are not present, giving them a much higher penetrating news gathering machinery, an official from the channel explained during a tour of the studio.

    The channel will be seen in most states across north India but not in some of the southern states, which would happen in the second phase, a distribution official said.