ITV

Tag: Consolidated

  • Voltas Q2: Net profit sinks 26 per cent to Rs 80 crore

    Voltas Q2: Net profit sinks 26 per cent to Rs 80 crore

    MUMBAI: Consumer electronics firm Voltas has posted net profit of Rs 80 crore for the quarter ended 30 September 2020. This is a decline of 26 per cent from the same quarter last fiscal when the company reported net profit of Rs 107.3 crore.

    The consolidated total income for the period was higher by 10 per cent at Rs 1,651 crores as compared to Rs 1,495 crores in the corresponding quarter last year. Earnings per share (face value per share of Re 1) (not annualized) as on 30 September 2020 was Rs 2.37 as compared to Rs 3.22 last year. 

    The results take into account the effect of merger of a 100 per cent subsidiary-universal comfort products limited with effect from 1 April 2019, which has been approved by the National Company Law Tribunal on 11 September 2020.

    Consolidated segment results for the quarter ended 30 September 2020:

    Unitary cooling products for comfort and commercial use: The business achieved overall volume growth of 14 per cent contributed by growth of 11 per cent in room air conditioners, 20 per cent in commercial refrigeration products and 28 per cent in air coolers. Voltas continued to be the market leader and has sustained its no 1 position in the room air conditioner business and further improved its market share to 26.8 per cent in August 2020. Segment revenue increased by nine per cent and was Rs 572 crores as compared to Rs 526 crores in the corresponding quarter last year. Segment result was higher by 37 per cent at Rs 63 crores as compared to Rs 46 crores in the corresponding quarter last year.

    Electro-mechanical projects and services: Segment revenue for the quarter was higher at 15 per cent at Rs 928 crores as compared to Rs 809 crores in the corresponding quarter last year. Segment result was Rs 23 crores as compared to Rs 56 crores last year primarily due to conservative time based provisions, amidst liquidity constraints on some of the old legacy projects. Carry forward order book of the segment was higher at Rs 6,852 crores as compared to Rs 6,567 crores in the corresponding quarter last year.

    Engineering products and services: Segment revenue and result for the quarter were at Rs 93 crores and Rs 29 crores as compared to Rs 80 crores and Rs 25 crores, respectively in the corresponding quarter last year.

    Consolidated results for the six month period ended 30 September:  Impacted by the Covid2019 lockdown, the consolidated total income for the six months period ended 30 September 2020 was at Rs 3,015 crores as compared to Rs 4,192 crores in the corresponding period last year. Profit before tax was at Rs 223 crores as compared to Rs 408 crores last year. Profit after tax was Rs 161 crores as against Rs 274 crores in the corresponding period last year. Earnings per share (face value per share of Re 1) (not annualized) as on 30 September 2020 was Rs 4.82 as compared to Rs 8.21 last year.

  • Balaji Telefilms television segment reports PAT for Q3-2014

    Balaji Telefilms television segment reports PAT for Q3-2014

    BENGALURU: The blue eyed entity of the Indian media and entertainment industry Balaji Telefilms Limited (Balaji) Television content production segment reported a standalone PAT of Rs 1.66 crore for Q3-2014, more than double the Rs 0.80 crore for the immediate preceding quarter (Q2-2014), but a little less a third (33.5 per cent) of the Rs 4.94 crore which included a negative tax figure that added to the profit by Rs 1.18 crore during Q3-2013. 

     

    Television entertainment has been the foundation stone for Balaji Telefilms Limited (BTL). This segment saw a growth of 41.7 per cent in commissioned programming to 173 hours during Q3-2014 as compared to the 123 hours during the immediate trailing quarter and 18.5 per cent as compared to the 146 hours during Q3-2013. Revenue realised per hour dipped to Rs 21.18 lakh (100 lakh = 1 crore) for Q3-2014 from Rs 23.10 lakh during Q2-2014 and was 2.8 per cent lower than the Rs 21.79 lakh realised during Q3-2013. 

     

    With no movies released during the quarter, overall, the company reported a consolidated loss of Rs (-5.75) crore for Q3-2014, the sole contributor to the loss being its Motion Picture business ­ Balaji Motion Pictures Limited (BMPL), with a loss of Rs (- 7.56 crore). Four movies, from the movies under production, are likely to be released between February and April 2014 – Shaadi Ke Side Effects, Raagini MMS 2, Main Tera Hero and Kuku Mathur Ki Jhand Ho Gayi. This segment had contributed Rs 11.81 crore to the Rs 12.32 crore PAT reported by Balaji during Q2-2014. 

     

    Balaji’s third revenue segment – BOLT Media Limited (BOLT) returned a PAT of Rs 0.14 crore during Q3-2014 as compared to a loss of Rs (-0.32) crore for Q2-2014. 

     

    Let us look at the other results declared by Balaji Telefilms

     

    The company reported consolidated income from operations of Rs 43.22 crore for Q3-2014 as compared to the Rs 194.62 crore during the immediate trailing quarter and the Rs 46.6 crore reported for Q3-2013.  

     

    Increase in stock in trade by Rs 13.74 crore during Q3-2014 has seen total consolidated expenditure figures (on paper) dip to Rs 49.83 crore. During Q2-2014, decrease in stock in trade of Rs 93.77 crore had increased the total expenditure to Rs 185.09 crore during Q2-2014, while an increase in stock in trade of Rs 15.23 crore had reduced the total expenditure to Rs 40.88 crore during Q3-2013.

     

    Production cost for movies and serials during Q3-2014 at Rs 51.49 crore was six per cent less than the Rs 54.82 crore during Q2-2014, but 14.5 per cent higher than the Rs 44.96 crore during Q3-2013. Marketing  and distribution expense for Q3-2014 at Rs 1.09 crore was just a small fraction of the Rs 23.81 crore spent during Q2-2014 and two and a half times the Rs 0.5 crore spent during Q3-2013.

     

    Revenue from operations from Balaji’s Television content production segment was up 50 per cent at Rs 37.80 crore for Q3-2014 as compared to the Rs 25.25 crore during Q2-2014 and 16.4 per cent more than the Rs 32.48 crore during Q3-2014. Total Operating revenue from this segment was Rs 38.75 crore for Q3-2014, Rs 30.33 crore for Q2-2014 and Rs 33.32 crore for Q3-2013. 

     

    Cost of production for the television segment during Q3-2014 was up 23.6 per cent at Rs 31.19 crore as compared to the Rs 25.25 crore during Q2-2014 and 25.2 per cent higher than the Rs 24.92 crore during Q3-2013. 

     

    BMPL reported operating revenue of Rs 1.13 crore for Q3-2013 as compared to the Rs 165.05 crore for Q2-2014 and Rs 13.25 crore during Q3-2013. BMPL’s expenditure for Q3-2014 was Rs 8.72 crore for Q3-2014, Rs 172.4 crore during Q2-2014 and Rs 29.73 crore during Q3-2013. As mentioned above this segment has reported a loss of Rs (-7.56 crore) during Q3-2014. 

     

    Balaji says that Production cost for this segment comprises of old films inventory amortisation, marketing and distribution expenses of future releases. Balaji’s two releases during the second quarter of 2014 – Lootera and Once upon a Time in Mumbai Dobaara were declared ‘Average’ and ‘Flop’ respectively at the Box Office. 

     

    BOLT reported revenue of Rs 3.37 crore and a total expenditure of Rs 3.33 crore during Q3-2014.

     

    Click below for:-

    Balaji Telefilms Financials

    Balaji Telefilms Investor Presentation

  • NDTV reports improved q-o-q results with lower loss, improves EBIDTA for Q2-2014

    NDTV reports improved q-o-q results with lower loss, improves EBIDTA for Q2-2014

    BENGALURU: New Delhi Television Limited (NDTV) reported a lower consolidated net loss of Rs (-15.26) crore for Q2-2014, which was 57.5 per cent lower than the Rs (-24.04) crore for Q1-2014 (q-o-q), but about four per cent higher loss than the Rs (-14.68) crore the network reported for the corresponding quarter of last year (Q2-2013).

     

    However, it reported an improved EBIDTA of Rs 1.5 crore as compared to the Rs (-19.0) crore for Q2-2013. NDTV also reported a 19 per cent y-o-y growth for Q2-2014 at Rs 128 crore as compared to the Rs 108 crore for the same quarter.

     

    The Company has reported that it has sold its property in Noida for a sale consideration of Rs 30 crore. The gain of Rs 6.27 crore has been recognised in ‘Other Income’ in the standalone and consolidated financial statements recorded by the company. Consolidated other income for Q2-2014 at Rs 22.04 crore was almost quintuple the Rs 4.53 crore for Q2-2013 and the Rs 4.63 crore for Q1-2014.

     

    Let us look at the other figures for Q2-2014 reported by NDTV

     

    Consolidated total income from operations for Q2-2014 at Rs 106.19 crore was 2.8 per cent higher than the Rs 103.33 crore for Q2-2013 and 3.7 per cent higher than the Rs 102.4 crore for Q1-2014. Revenue from NDTV’s television media related segment for Q2-2014 at Rs 107.42 crore was four per cent higher than the Rs 103.33 crore for Q2-2013 and 4.7 per cent higher than the Rs 102.59 crore for Q1-2014. Its retail/e-commerce segment clocked revue of Rs 0.52 crore for Q2-2014. (Intersegment revenue adjustment of Rs 1.75 crore resulted in consolidated income from operations of Rs 106.19 crore for Q2-2014).

     

    Consolidated total expense at Rs 133.58 crore for Q2-2014 was almost flat as compared to the Rs 133.67 crore for Q2-2013 and 6.2 per cent more than the Rs 125.75 for Q1-2014. Production expense for Q2-2014 at Rs 22.84 crore was 2.2 per cent higher than the Rs 22.34 crore for Q2-2013, but 5.5 per cent lower than the Rs 24.11 crore for Q1-2014.

     

    In Q2-2014, the company spent 18.6 per cent less on marketing, distribution and promotional at Rs 25.43 crore as compared to the Rs 31.25 crore for the corresponding quarter last year (Q2-2013), but 17.9 per cent more than the Rs 21.57 crore for Q1-2014.

     

    Operating and administration expense at Rs 33.55 crore was 3.6 per cent higher than the Rs 32.39 crore for Q2-2013 and 17.4 per cent higher than the Rs 28.58 crore for Q1-2014.

     

    Its employee cost at Rs 44.92 crore for Q2-2014 was 10.45 per cent higher than the Rs 40.67 crore for the corresponding quarter of last year (Q2-2013) and almost the same as the Rs 44.93 crore for Q1-2014.

     

    The company claims that total revenue from Hindi News grew 54 per cent y-o-y. Revenue of NDTV’s digital arm, NDTV Convergence, was up by 64 per cent y-o-y. NDTV claims that NDTV Convergence registered 500 crore (five billion) page views, on an annualised basis, across mobile and web and 200 crore (two billion) minutes of streamed videos. It further says that NDTV Gadgets has become India’s biggest gadget site. NDTV’s first e-commerce venture IndianRoots.com was successfully launched on 28 July and is showing healthy sales traction says the company.