ITV

Tag: Channel Punjabi

  • ETC Q2 results on 28 October

    ETC Q2 results on 28 October

    MUMBAI: Recent Zee acquisition ETC Networks Limited announced today that its board would meet on Monday, 28 October to consider the unaudited financial results for the quarter ended 30 September 2002.

    ETC Networks Limited runs two channels under its umbrella – music based etc Hindi and etc Channel Punjabi, both of which are beamed off the Thaicom -3 satellite.

    As part of the Zee Network, ETC expects to record continued growth in both these segments in national and international markets, an official release says.

  • ETC Networks net down 63 per cent

    ETC Networks net down 63 per cent

    ETC Networks Limited announced its Q-3 results for the year 2001-2002 with net profit going down by 63 per cent from Rs 3.8 million in Q2 to Rs 1.39 million.

    Exceptional item* amounting to Rs 15.25 million has put pressure on the net profit of the Company. But at the same time company has made provision for tax only for Rs 0.11 million for the quarter stating that deferred taxation will be made at the year end.

    The total Income has gone down by 16 per cent from Rs 84.6 million in Q2 to Rs 71.33 million in Q3. (The total income is going down since Q1, the reason stated for the same earlier is due to discontinuation of its South Indian Operations.)

    staff costs had remained almost at the same level while sales and administration costs has gone down from Rs 25.70 million to Rs 14.8 million.

    ETC Networks Limited, the media company listed at BSE owns the Hindi channel etc and regional channel etc Channel Punjabi. On the Bombay Stock Exchange, the share price of the company responded negatively. It went down by 7.5 per cent to Rs 27 from Rs 29.2 while BSE indicator went up marginally by 0.22 per cent to 3384.

    (*The exceptional item represents debts aggregating to Rs.15.22 million pertaining to operations which have been discontinued during the previous financial year.)

  • ETC posts similar Q1 results to last year

    ETC posts similar Q1 results to last year

    ETC Networks Ltd, which owns music heavy Hindi channel etc and etc Channel Punjabi, has announced its Q-1 results for the year 2001-2002. The network has not shown any major changes in its performance compared to the corresponding quarter last year.

     

    Net revenues have gone up marginally by 1.7 per cent to Rs 77.09 million. But because of gross reduction in other income, total income has gone up even lower at 0.8 percent. The reduction in the other income is due to the closure of some tie-ups which impacted on revenues.

     

    On the expenditure front, programming and telecasting costs have gone up considerably. A company spokeperson said the increase in the programming expenses was largely due to the software costs incurred for the launch of etc Channel Punjabi last year.

     

    But at the same time the staff costs and other expenses has gown down by 32.5 per cent. “Restructuring is taking place in the company. As a result of that the costs have gone down. Also the channel has now settled down in its operations, so now we are able to cut down on excessive costs,” a company spokesperson pointed out.

     

    Interest costs have gone up. This is because fresh funds have been infused for the network’s expansion plans. In the coming months that investment is expected to show returns, the spokesperson said.

     

    The OPM (operating profit margin) has gone up from 17.86 per cent to 21 percent with PBDIT of Rs 16.47 million in Q1 this year where as NPM (net profit margin) has remained at the same level of around 14 per cent.

     

    The stock market was not overly enthused by the results. The script moved in narrow band between Rs 11.95 – Rs 12.45 and closed at Rs 12.20 with more than 13,000 shares changing hands on the BSE.

  • ETC Network announces break-even; looks to tap foreign markets

    ETC Network announces break-even; looks to tap foreign markets

    ETC Networks Limited has declared a profit after tax (PAT) of Rs24.3 million on a turnover of Rs538.2 million in the financial results for the year ended March 31, 2001.

    On the expenditures front, 67.3 per cent went into programming and telecast and cost the network Rs288.1 million. With a paid-up capital of Rs116.99 million, the audited report shows earnings per share (EPS) is Rs2.08.

    Into its second year of operations, etc channel has not only consistently retained the top position amongst the music-based channels in viewership rating but also translated this popularity to impressive revenue and profit figures, a company release states. 

    etc Channel Punjabi, ETC Networks’ regional channel, is also doing extremely well and about to complete a year of operations, the release states. The locking in of the exclusive rights to telecast Gurbani live from Golden Temple at Amritsar has proved a great hit with Punjabi audiences.

    Now the channel is poised to tap revenue from international markets, having tied with TV Asia, a leading Hindi channel in the USA while negotiations are also on and in the finalisation stages in UK, Europe and Canada, the release adds.

    On the transmission front, the company is very shortly going to convert both the channels to digital services from the current free to air analog service, which the network hopes will cut costs down to about 30 per cent of what exists at present.

    And while on transmission, ETC Networks is the first channel to get government clearance to build a commercial teleport in Mumbai. Once the teleport is commissioned it will reduce the operating costs of the channel and also provide additional revenue streams for the company by offering uplink services to other private channels and Internet service providers.

    Commenting on the first year result of the company, Jagjit Singh Kohli, managing director of ETC Networks Ltd. says: “We remain committed in our determination to emerge into one of the leading players in the satellite television scenario of the country and maximizing shareholders wealth. We look upon the time ahead with great expectation towards building on the enterprise value, in earning higher growth in advertising and other sources of revenue.”