ITV

Tag: Capital employed

  • Q2-2014: Hindustan Ventures: Indusind media triples capital employed

    Q2-2014: Hindustan Ventures: Indusind media triples capital employed

    BENGALURU: IndusInd Media & Communications Limited’s (IMCL) holding company Hinduja Ventures Limited (HVL) reported profit of Rs 19.68 crore about 0.8 per cent lower as compared to Rs 19.84 crore and five per cent higher than the Rs 18.74 crore profit for Q1-2014.

     

    Capital employed (segment assets minus segment liabilities) for media and communications segment more than tripled (3.08 times) to Rs 295.31 crore in Q2-2014 as compared to the Rs 95.94 crore for Q2-2013 and 3.03 times the Rs 97.44 crore for the immediate trailing quarter Q1-2014.

     

    For the current quarter, HVL reported a total income of Rs 26.18 crore, 6.2 per cent more than the Rs 24.65 crore for Q2-2013 but 1.7 per cent lower than the Rs 26.62 crore for Q1-2014.

     

    However, HVL reported a loss of Rs (-2.60) crore from its media and communications segment for Q2-2014 as compared to small profit of Rs 0.5717 crore for the corresponding quarter of last year and a loss of Rs (-4.40) crore for the immediate trailing quarter. Revenue from this segment in HVL’s financials for Q2-2014 fell by 25.3 per cent to Rs 1.09crore as compared to the Rs 1.46 crore for Q2-2013. For Q1-2014, revenue from media and communications was also Rs 1.09 crore.

     

    HVL claims that IMCL has an estimated subscriber base of 0.85 crore subscribers in 36 major cities in the country and 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, and value added services for digital cable. It says that the Digital Addressable System (‘DAS’) that was introduced by the government on 1 November 2012 in phases – offers a unique opportunity to IMCL to make all its subscribers addressable and monetise its subscription revenues manifold.

     

    Three other segments besides media and communications contribute to HVL’s revenue – real estate; investments and treasury; and others. While all the other segments reported small loss, investments and treasury reported a profit of Rs 24.15 crore for Q2-2014 as compared to the Rs 22.35 crore for Q2-2013 and the Rs 24.43 crore for Q1-2014.

  • Inventory increase jacks Sahara One profit for Q2-2014 despite 31.1 per cent revenue drop

    Inventory increase jacks Sahara One profit for Q2-2014 despite 31.1 per cent revenue drop

    BENGALURU: Sahara One Media and Entertainment Limited (Sahara One) reported increase in inventory of Rs 3.64 crore for Q2-2014 (90.8 per cent of the total PAT) as compared to reduction in inventory of Rs 1.39 crore for Q2-2013 and a reduction in inventory of Rs 1.73 crore for Q1-2014.

     

    Sahara One reported a PAT of Rs 4.1 crore, 8.1 per cent higher than the PAT of Rs 3.79 crore for the corresponding period of last year and more than triple (3.38 times more) the Rs 1.21 crore for the immediate trailing quarter.

     

    Despite a 31.1 per cent drop in Income from operations for the current quarter to Rs 22.61 crore as compared to the Rs 32.80 crore for y-o-y and a reduction of 17.5 as compared to the Rs 27.42 crore q-o-q, the company reported an increase in PAT. The company reported a PBT of Rs 6.15 crore which was 8.8 per cent higher than the Rs 5.65 crore for Q2-2013 and more than triple (3.47 times) the Rs 1.77 crore for the immediate preceding quarter.

     

    Let us look at the other results for Q2-2014 recorded by Sahara One

     

    Other income for Q2-2014 at Rs 2.54 crore was less than half (43.8 per cent) of the Rs 5.79 crore for Q2-2013 and 12.5 per cent lower than the Rs 2.9 crore for Q1-2014.

     

    Total Expenditure reported for Q2-2014 at Rs 18.99 crore was 57.7 per cent of the expenditure of Rs 32.94 crore for Q2-2013 and 33.6 per cent lower than the Rs 28.54 crore for Q1-2014. However, if one were to neglect the effect of the above mentioned increase in inventory of Rs 3.64 crore for Q2-2014 total expense was Rs 22.63 crore.

     

    For Q2-2014, the company reported lower expenditure towards purchase of content at Rs 17.51 crore, as compared to the Rs 27.41 crore (36.1 per cent lower y-o-y ) and 19.4 per cent lower than the Rs 21.73 crore for Q1-2014.

     

    The company has reported revenues from three sources – Television and Movies segments and unallocated revenue.

     

    Television segment reported a 30 per cent drop in revenue to Rs 23.46 crore for Q2-2014 as compared to the Rs 33.53 crore for Q2-2013 and 17 per cent lower than the Rs 28.26 crore for Q1-2014. This segment reported operating profit at Rs 7.29 crore that was more than double (2.52 times) the Rs 2.90 crore for Q2-2013 and almost triple (2.93 times) as compared to the Rs  2.49 crore for Q1-2014.

     

    Income from the movies segment was nil for the current and the corresponding quarter of the last quarter, and just Rs 0.0134 crore for Q1-2014. This segment reported a loss of Rs (-0.1969) crore for Q2-2014 as compared to a loss of Rs (-31.07) crore for Q1-2013 and Rs (-0.1573) crore for Q1-2014.

     

    Sahara One reported unallocated income of Rs 1.68 crore for Q2-2014, a little less than one third (33.13 per cent) of the Rs 5.07 crore for Q2-2013 and 17.7 per cent lower than the Rs 2.04 crore for Q1-2014. For Q2-2014, this revenue source reported a 68.6 per cent higher loss at Rs (-0.94) crore as compared to the loss of Rs (-0.55) crore for the corresponding quarter of last year. Unallocated source of income reported a positive Rs 3.08 crore for Q1-2014.

     

    Capital employed (Segment assets minus segment liabilities) by the television segment rose 80.6 per cent to Rs 78.09 crore for Q2-2014 as compared to the Rs 43.25 crore for Q2-2013 and 34.8 per cent higher than the Rs 57.95 crore for Q1-2014.

     

    Capital employed by the movies segment at Rs 86.27 crore for Q2-2014 was 3.1 per cent more than the Rs 83.71 crore for Q2-2013 and almost flat as compared to the Rs 82.17 crore for Q1-2014.

     

    Unallocated capital employed for Q2-2014 at Rs 133.62 crore was 19.5 per cent lower than the Rs 165.99 crore for Q2-2013 and 10.8 per cent lower than the Rs 149.77 crore for Q1-2014.