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Tag: DQ Entertainment

  • Q2-2016: DQ Entertainment PAT up 45.6%

    Q2-2016: DQ Entertainment PAT up 45.6%

    BENGALURU: The Tapas Chakravarti led DQ Entertainment (International) Limited (DQEIL) reported 45.6 per cent YoY higher Profit after Tax (PAT) for the quarter ended 30 September, 2015 (Q2-2016, current quarter) at Rs 21.02 crore (43.9 per cent margin) from Rs 14.43 crore (27.4 per cent margin). The company had reported loss of Rs 12.65 crore in the immediate trailing quarter.

     

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

    (2) All numbers are consolidated unless stated otherwise.

     

    Segment Performance

     

    The company’s Animation segment reported an operating profit of Rs 20.66 crore in Q2-2016 from operating revenue of Rs 39.41 crore as compared to the operating profit of Rs 23.63 crore from operating revenue of Rs 39.94 crore in Q2-2015 and an operating profit of Rs 2.08 crore from operating revenue of Rs 23.93 crore in the immediate trailing quarter.

     

    The company’s distribution segment reported an operating loss of Rs 0.15 crore on operating revenue of Rs 8.45 crore in Q2-2016 as compared to the operating profit of Rs 12.02 crore on operating revenue of Rs 12.71 crore in Q2-2015 and an operating loss of Rs 6.51 crore on operating revenue of Rs 1.80 crore in Q1-2016.

     

    Let us look at the other numbers reported by DQEIL:

     

    DQEIL reported 9.1 per cent YoY reduction in total income from operations (TIO) in Q2-2016 to Rs 47.85 crore from Rs 52.64 crore, but an 86 per cent QoQ increase from Rs 25.73 crore.

     

    Total Expenditure in Q2-2016 increased 12.9 per cent YoY to Rs 28.50 crore (59.6 per cent of TIO)  from Rs 25.24 crore (47.9 per cent of TIO) but reduced 3.8 per cent QoQ from Rs  Rs 29.62 crore (115.1 per cent of TIO).

     

    The company’s finance expense in Q2-2016 was almost double (increased 98.1 percent) at Rs 14.86 crore (31.1 per cent of TIO) as compared to the Rs 7.50 crore (14.2 per cent of TIO) in Q2-2015 and increased 2.1 per cent QoQ from Rs 14.56 crore (56.6 per cent of TIO).

     

    DQEIL Production expense (PE) in Q2-2016 reduced 6.1 per cent YoY to Rs 1.67 crore (3.5 per cent of TIO) from Rs 1.78 crore (3.4 per cent of TIO) and reduced 55.5 per cent QoQ from Rs 3.75 crore (14.6 per cent of TIO).

     

    The company’s Employee Expense (EBE) in Q2-2016 at Rs 14.30 crore (29.9 per cent of TIO) reduced 6.8 per cent YoY from Rs 15.34 crore (29.1 per cent of TIO), but increased 7.5 per cent from Rs 13.30 crore (51.7 per cent of TIO) in Q1-2016.

  • Q1-2016: Distribution segment pulls down Animation gains to loss for DQE

    Q1-2016: Distribution segment pulls down Animation gains to loss for DQE

    BENGALURU: The Tapas Chakravarti led DQ Entertainment (International) Limited (DQEIL) reported consolidated loss of Rs 12.65 crore in the quarter ended 30 June, 2015 (Q1-2016) as compared to a loss of Rs 12.06 crore in Q1-2015 and a loss of Rs 26.33 crore in the immediate trailing quarter.

     

    The loss in the current quarter would have been higher but for a foreign exchange (forex) gain of Rs 6.8 crore as compared to a forex loss Rs 0.39 crore in Q1-2015 and a forex gain of Rs 3.95 crore in Q4-2015.

     

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

    (2) All numbers are consolidated unless stated otherwise.

     

    Segment Performance

     

    The company’s distribution segment reported an operating loss of Rs 6.51 crore on operating revenue of Rs 1.80 crore in Q1-2016 as compared to the operating loss of Rs 1.19 crore on operating revenue of Rs 10.71 crore in Q1-2015 and an operating loss of Rs 12.53 crore on operating revenue of Rs 5.94 crore in Q4-2015.

     

    The company’s Animation segment reported an operating profit of Rs 2.08 crore in Q1-2016 from operating revenue of Rs 23.93 crore as compared to the operating loss of Rs 1.07 crore from operating revenue of Rs 9.93 crore in Q1-2015 and an operating profit of Rs 33.88 crore from operating revenue of Rs 69.87 crore in the immediate trailing quarter.

     

    Let us look at the other numbers reported by DQEIL

     

    DQEIL reported 24.6 per cent increase in total income from operations (TIO) in Q1-2016 to Rs 25.73 crore as compared to the Rs 20.64 crore in Q1-2015. TIO in the current quarter was a little more than a third (33.9 per cent) of the TIO of Rs 75.81 crore in Q4-2015.

     

    Total Expenditure in Q1-2016 increased 6.8 per cent to Rs 29.62 crore as compared to the Rs 27.72 crore in Q1-2015, but declined 65.3 per cent as compared to the Rs 85.3 crore in Q4-2015.

     

    The company’s finance expense in Q1-2016 was almost double (increased 93 per cent) at Rs 14.56 crore as compared to the Rs 7.55 crore in Q1-2015 but dropped 13.2 per cent as compared to the Rs 16.78 crore in Q4-2015.

     

    DQEIL Production expense (PE) in Q1-2016 increased 74.4 per cent to Rs 3.75 crore as compared to the Rs 2.15 crore in Q1-2015 and declined 77.6 per cent as compared to the Rs 16.75 crore in Q4-2015.

     

    The company’s Employee Expenses (EBE) in Q1-2016 at Rs 13.30 crore declined 20 per cent as compared to the Rs 16.64 crore in Q1-2015 and was 2.1 per cent lower than the Rs 13.59 crore (in Q4-2015.

     

  • FY-2015: DQ Entertainment reports consolidated loss of Rs 20 crore on lower revenue

    FY-2015: DQ Entertainment reports consolidated loss of Rs 20 crore on lower revenue

    BENGALURU: The Tapas Chakravarti led DQ Entertainment (International) Limited (DQEIL) reported consolidated loss in FY-2015 at Rs 19.71 crore as compared to a profit after tax (PAT) of Rs 43.77 crore in the previous fiscal due to lower consolidated net income from operations (TIO), higher unallocated operating loss and higher finance expenses. 

     

    The company reported consolidated loss of Rs 26.33 crore in Q4-2015 as compared to a PAT of Rs 14.66 crore in the corresponding year ago quarter and a PAT of Rs 4.24 crore in the immediate trailing quarter. However, on a standalone basis, the company has reported 19.7 per cent lower PAT at Rs 15.5 crore in the current year as compared to the Rs 19.3 crore in FY-2014.

     

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

    (2) All numbers are consolidated unless stated otherwise.

     

    DQEIL reported an 18.7 per cent drop in TIO in FY-2015 to Rs 194.80 crore as compared to the Rs 239.68 crore in FY-2015. TIO in Q4-2015 at Rs 75.81 crore was 25.6 per cent lower than the Rs 101.83 crore in Q4-2014, but 65.8 per cent more than the Rs 45.71 crore in Q3-2015.

     

    The company attributes the change in TIO to change in its business model in the case of production and development of its own IP. Previously the company was producing IP through a special purpose vehicle and recognizing production value, but since FY-2014-15, the company decided to directly produce and capitalize its own IP and will only recognize the distribution revenue on completion of projects and delivery to the broadcasters. 

     

    Further, slowdown in production and delay in the start of new projects on account of difficult market conditions have also affected production in the current year.

     

    The company incurred a higher unallocated operating loss in FY-2015 at Rs 54.32 crore as compared to the loss of Rs 38.01 crore in FY-2014. Unallocated loss in Q4-2015 at Rs 26.39 crore was lower than the operating loss of Rs 37.14 crore in Q4-2014, but was higher than the unallocated operating loss of Rs 14.24 crore in Q3-2015.

     

    The company’s finance expenses in FY-2015 increased 69.8 per cent to Rs 42.73 crore as compared to the Rs 25.17 crore in FY-2014. Finance expense in Q4-2015 at Rs 16.78 crore was more than double (2.52 times) the Rs 6.66 crore in Q4-2014 and 54 per cent more than the Rs 10.90 crore in Q3-2015.

     

    Segments

     

    While both segments’ (Animation and Distribution that contribute to the company’s numbers reported operating profits, except Q4-2015 in which Distribution incurred operating loss), unallocated operating losses and higher finance charges ate into the profits during the year as well as during the current quarter.

     

    Animation

     

    Animation segment reported 24 per cent lower revenue at Rs 142.34 crore in FY-2015 as compared to the Rs 187.34 crore in FY-2014. Revenue from this segment in Q4-2015 fell 13 per cent to Rs 69.87 crore as compared to the Rs 80.32 crore in Q4-2014, but was 3.1 times the Rs 22.61 crore in Q3-2015. 

     

    Animation segment reported 36.8 per cent lower operating profit at Rs 70.27 crore as compared to the Rs 111.11 crore in FY-2014. Operating profit in Q4-2015 at Rs 33.88 crore was 34.6 per cent lower than the Rs 51.77 crore in Q4-2014, but 70 per cent more than the Rs 19.93 crore in Q3-2015.

     

    Distribution

     

    Distribution segment reported 0.2 per cent increase in revenue to Rs 52.46 crore in FY-2015 as compared to the Rs 52.34 crore in the previous year. Distribution revenue in Q4-2014 at Rs 5.94 crore was 72.4 per cent less (less than a third) than the Rs 21.51 crore in Q4-2014 and was 74.3 per cent lower than the Rs 23.1 crore in the preceding quarter.

     

    Distribution segment reported 10.8 per cent drop in operating profit in FY-2015 at Rs 13.67 crore as compared to the Rs 15.32 crore in FY-2014. In Q4-2015, the segment incurred operating loss of Rs 12.53 crore as compared to the operating profit of Rs 1.25 crore in Q4-2014 and operating profit of Rs 15.37 crore in Q3-2015.

     

    Let us look at the other numbers reported by DQEIL:

     

    Total Expenses (TE) in FY-2015 at Rs 166.45 crore (85.4 per cent of TIO) was 2.8 per cent lower than the Rs 171.16 crore (72.4 per cent of TIO) in FY-2014. TE in Q4-2015 at Rs 85.30 crore (112.5 per cent of TIO) was 1.1 per cent lower than the Rs 86.27 crore (84.7 per cent of TIO) in Q4-2014 and almost tripled (2.98 times) as compared to the Rs 18.9 crore (62.1 percent of TIO) in Q3-2015.

     

    DQEIL Production expense (PE) in FY-2015 increased 10.8 per cent to Rs 21.63 crore (11.1 per cent of TIO) as compared to the Rs 19.52 crore (8.1 per cent of TIO) in FY-2014. PE in Q4-2015 at Rs 16.75 crore (22.1 per cent of TIO) was 6.7 per cent more than the Rs 15.69 crore in Q4-2015 and almost eighteen-fold (17.61 times) the Rs 0.95 crore in Q3-2015.

     

    The company’s Employee Expenses (EBE) in FY-2015 at Rs 63.71 crore (32.7 per cent of TIO) was 11.5 per cent lower than the Rs 71.96 crore (30 per cent of TIO) in FY-2014. EBE in Q4-2015 at Rs 13.59 crore (17.9 per cent of TIO) was 1.8 per cent more than the Rs 13.35 crore in Q4-2015, but 25.1 per cent lower than the Rs 18.15 crore in Q3-2015.

  • Q3-2015: DQ Entertainment reports lower numbers

    Q3-2015: DQ Entertainment reports lower numbers

    BENGALURU: The Tapas Chakravarti led DQ Entertainment (International) Limited (DQEIL) reported a profit after tax (PAT) of Rs 2.24 crore (9.3 per cent of Total Income from Operations or TIO) in Q3-12015 (quarter ended 30 December, 2014, current quarter) versus a loss of Rs 12.39 crore in Q3-2014. PAT for the current quarter, however was down to less than a third (down by 70.5 per cent) as compared to the Rs 14.43 crore (2.47 per cent of TIO). PAT in 9M-2015 at Rs 6.61 crore (5.6 per cent of TIO) was less than a one fourth (down 76.5 per cent) the Rs 28.11 crore (20.4 per cent of TIO) in HY-2014.

     

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

     

    Two segments contribute to DQEIL revenues – animation and distribution. The company’s animation segment, reported an operating profit of Rs 19.93 crore on segment revenue of Rs 22.61 crore in Q3-2015. For Q3-2014, animation segment had reported operating profit of Rs 20.56 crore on higher operating revenue of Rs 37.88 crore, while in Q2-2015, the segment reported revenue of Rs 39.94 and an operating profit of Rs 23.62 crore. For 9M-2015, this segment reported revenue of Rs 72.47 crore and an operating profit of Rs 46.51 crore versus higher revenue of Rs 107.03 crore and higher operating profit of Rs 59.34 crore in 9M-2014.

     

    The company’s distribution segment reported the following numbers: Q3-2015 – Revenue Rs 23.1 crore, operating profit Rs 15.37 crore; Q3-2014 – Revenue Rs 12.97 crore, operating profit Rs 6.49 crire; Q2-2015 – Revenue Rs 12.71 crore, operating profit Rs 12.02 crore; 9M-2015 – Revenue Rs 46.51 crore, operating profit Rs 26.2 crore; 9M-2014 – Revenue Rs 30.83 crore, operating profit Rs 14.01 crore.

     

    For the detailed report, click here:

  • DQ Entertainment raises up to $50 million for content development

    DQ Entertainment raises up to $50 million for content development

    MUMBAI: DQ Entertainment (International) has announced that its holding company and promoter DQ Entertainment (Mauritius) has executed the documents to raise funds up to US$50 million. The funds will be raised by way of semi or secured convertible bonds from OL Master, a private credit fund managed by OCP Asia (Hong Kong).

    In an announcement made to the BSE, the company has said that the funds can be drawn down in two tranches, the first of which is for US$35 million and will be drawn down immediately and the second tranche of US$15 million can be drawn down at the option of the investor within 12 months thereof.

    The net proceeds from the issue of the bonds will   be used to fund the development of more than 20 owned-IP and co-production project   currently in the pipeline for production over the next two years, for the repayment of certain debts amounting to approximately US$7.2 1 million (Rs 445.1 million) and for general  working capital  purpose.

    DQ Entertainment chairman and CEO Tapaas Chakravarti said, “We are delighted to partner with OCP Asia and are confident that this association will help us to realise our mission for DQE.   The validation of our  business  model  by the high acumen  OCP team  further  strengthens our commitment  to  produce  and  distribute  world  class  content  across  territories and  grow  our audiences with high quality IP creation.”

    OCP  Asia  (Hong  Koug) co-founding  partner Teall   Edds added, “We   have  been impressed  with  DQE’s exciting pipeline  and its capabilities in producing world class  content,  its ability  to work with broadcasters from around  the world in bringing ideas  to the screen  and  its 360-degree monetisation approach to generating  returns  on IP.  We look forward to our close partnership with DQE.”

    It can be noted that the board of directors of DQE had been exploring various options to secure the necessary funding for the group’s pipeline projects, the bulk of which are children/family oriented animation series for TV and digital distribution. “This has included discussions with a number of investors and after considerable deliberation and effort, DQE has concluded that the issue of the bonds is the best option available to the group to secure the finance it needs and is in the best interests of shareholders  as a whole. The board believes there is an opportunity to grow DQE’s business through the development and exploitation of its own IP and the issue of the bonds provides the finance to capitalise on this,” the statement to the BSE reads.

    DQE has a production order book worth approximately US$ 63 million (Rs 3,820 million) in terms of revenue to the group. Some of the projects currently in production include ‘Robin Hood’, ‘Peter Pan season 2’, ‘Lassie’, ‘Miles from Tomorrow  Land’, ‘Popples’ and  ‘Seven Dwarfs &  Me.’ Production of many new IPs such as ‘5 & IT’, ‘Yonagunis and Leo Galilei’ will  commence  soon. The company had recently also signed on a co-production project called ‘Pio the Chick’ with Rai, Italy and is engaged in discussions for more such projects.  

    DQE’s distribution and licensing division has concluded 24 deals in the current financial year. In addition, a number of broadcast deals for the group’s IP, including Jungle Book, Peter Pan. Iron Man and Robin Hood, have been concluded with global broadcasters such as Rai Cinema (Italy), DEA (Italy), Viacom I8 (India) and  Univision (USA & Puerto Rico).  DQE expects to be able to grow its licening and merchandising revenue through its 360-degree monetisation strategy for all its existing and new IPs going forward.

     

    Major Terms of the Bonds

    The bonds carry a cash coupon rate of 6.5 per cent per annum payable semi-annually from the closing date up to the maturity date. The bonds will have a maturity period of five years from the closing date (the “Maturity Date”).

    Outstanding bonds will be redeemed on the maturity date at  a redemption price which would yield an internal rate of  return  (“IRR”)  equal  to 15  per cent  per annum  (the ‘Redemption Price’).   In addition, the bond holders can redeem the bond at the Redemption Price after a period of 36 months after the closing date.

    The bonds will   be issued to the Investor and are freely transferrable, in whole or in part, to any person (with the holders of the bonds from time to time being collectively the “Bond holders”).

    “The bond can be converted into ordinary shares of DQE Mauritius. The conversion of the full US $50 million of bonds would currently equate to 56.5 per cent of DQE Mauritius on a fully diluted basis,” said the statement.

     

  • DQ Entertainment reports profit for Q2-2015 versus loss in Q2-2014: Animation segment back in black

    DQ Entertainment reports profit for Q2-2015 versus loss in Q2-2014: Animation segment back in black

    BENGALURU: The Tapas Chakravarti led DQ Entertainment (International) Limited (DQEIL) reported a profit after tax (PAT) of Rs 14.43 crore (27.4 per cent of Total Income from Operations or TIO) in Q2-2015 (quarter ended 30 September 2014, current quarter) versus a loss of Rs 12.06 crore in Q1-2015. PAT for the current quarter, however was down 36.5 per cent as compared to the Rs 22.72 crore (40.27 per cent of TIO). PAT in HY-2015 at Rs 2.38 crore (3.3 per cent of TIO) was less than a twelfth (1/12.4 times) the Rs 29.35 crore (33.7 per cent of TIO) in HY-2014.

     

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

     

    Two segments contribute to DQEIL revenues – animation and distribution.  The company’s animation segment which had reported operating loss of Rs 1.07 crore on segment revenue of Rs 9.93 crore in the previous quarter, reported an operating profit of Rs 23.62 crore on segment revenue of Rs 39.94 crore in Q2-2015. For Q2-2014, animation segment had reported operating profit of Rs 22.7 crore on higher operating revenue of Rs 41.57 crore. For HY-2015, this segment reported revenue of Rs 49.86 crore and an operating profit of Rs 16.47 crore versus higher revenue of Rs 69.14 crore and higher operating profit of Rs 29.43 crore in HY-2015.

     

    The company’s distribution segment reported the following numbers: Q2-2015 – Revenue Rs 12.71 crore, operating profit Rs 12.02 crore; Q1-2015 – Revenue Rs 10.71 crore, operating loss Rs 1.19 crore; Q2-2014 – Revenue Rs 15 crore, operating profit Rs 9.44 crore; HY-2015 – Revenue Rs 23.41 crore, operating profit Rs 10.83 crore; HY-2014 – Revenue Rs 17.86 crore, operating profit Rs 7.58 crore.

     

    Let us look at the other numbers reported by DQEIL for Q2-2015

     

    DQEIL TIO in Q2-2015 at Rs 52.64 crore was more than double (2.5 times) the Rs 20.64 crore in the immediate trailing quarter, but 7 per cent lower than the Rs 56.58 crore in Q2-2014. TIO in HY-2015 at Rs 72.38 crore was 16.8 per cent lower than the Rs 87 crore in HY-2014.

     

    The company’s total expenditure (TE) in Q2-2015 at Rs 25.24 crore (47.9 per cent of TIO) was 9 per cent less than the Rs 27.72 crore (134.3 per cent of TIO) in the previous quarter and 36.5 per cent lower than the Rs 41.77 crore (73.8 per cent of TIO). In HY-2015, TE at Rs 52.56 crore (72.6 per cent of TIO) was 33.5 per cent lower than the Rs 79.07 crore (90.9 per cent of TIO) in HY-2014.

     

    DQEIL’s employee expense (EBE) in Q2-2015 at Rs 15.34 crore (29.1 per cent of TIO) was 7.8 per cent lower than the Rs 16.64 crore (80.6 per cent of TIO) and 22.3 per cent lower than the Rs 19.74 crore (34.9 per cent of TIO) in Q2-2014. HY-2015 EBE at Rs 31.98 crore (44.2 per cent of TIO) was 20 per cent lower than the Rs 39.97 crore (45.9 per cent of TIO) in HY-2014.

     

    The company’s depreciation, amortization and impairment expense (depreciation) in Q2-2015 went up 4.6 per cent to Rs 7.98 crore (15.2 per cent of TIO) from Rs 7.63 crore (36.9 per cent of TIO) in Q1-2015 and was 18.9 per cent lower than the Rs 9.84 crore (17.4 per cent of TIO) in Q2-2014. HY-2015 depreciation at Rs 15.6 crore (21.6 per cent of TIO) was 17.5 per cent less than the Rs 18.92 crore (21.7 per cent of TIO) in HY-2014.

     

    DQEIL’s production expense in Q2-2015 at Rs 1.78 crore (3.4 per cent of TIO) was 17.4 per cent lower than the Rs 2.15 crore (10.4 per cent of TIO) and almost 5 times the Rs 0.36 crore (0.6 per cent of TIO) in Q2-2014.  Production expense in HY-2015 at Rs 3.93 crore (5.4 per cent of TIO) was almost double (1.95 times) the Rs 2.01 crore (2.3 per cent of TIO) in HY-2014.

     

    Click here to read the full financial

  • Viacom18 to launch exclusive Jungle Book Merchandise in India

    Viacom18 to launch exclusive Jungle Book Merchandise in India

    MUMBAI: Viacom18 Consumer Products division is all set to bring all the jungle fun associated with the iconic Mowgli, Bagheera, Balloo and Sher Khan. The company recently inked an exclusive deal with animation and gaming firm DQ Entertainment to get the rights as a master franchise to launch the merchandise in India.

     

    This would be Viacom18’s second deal into representing brands outside the Viacom portfolio. The company plans to roll out the products by end of the year.

     

    Viacom18 Consumer Products Head Saugato Bhowmik said, “The Jungle Book is a great franchise with characters that are familiar, iconic and loved by children across the world. DQ Entertainment’s Jungle Book presents the characters in a fun and livelier manner which make the products more endearing and attractive to the consumers.”

     

    The Jungle Book merchandise will cover a whole range of products from apparel to accessories and from toys to books. To be promoted through Viacom18’s distribution network, the products will be available across all leading kids and toy stores, both across malls and standalone stores.

     

    DQ Entertainment CEO Tapaas Chakravarti said, “Our partnership with Viacom18’s Consumer Products division adds to the list of best-in-class partners that The Jungle Book has attracted globally. The Jungle Book has successfully managed to increase its market for the fourth consecutive year with broadcast in more than 165 countries and over 300 product categories ranging from books, apparels, toys, plush, bags, stationary and many others. We are sure children will love the merchandise of their favorite Jungle characters, brought to them by Viacom18.”

     

    The Jungle Book, penned by Rudyard Kipling is a children’s classic that has captured the imagination of millions of children across the world over the years. The show currently airs on Nickelodeon.

  • Q1-2015: Loss due to commissioning delay, own project delivery recognition for DQ Entertainment

    Q1-2015: Loss due to commissioning delay, own project delivery recognition for DQ Entertainment

    BENGALURU: The Tapas Chakravarti led DQ Entertainment (International) Limited (DQEIL) reported consolidated loss of Rs 12.06 crore in the quarter ended 30 June, 2014 (Q1-2015, current quarter) as compared to a profit of Rs 6.63 crore (21.8 per cent of consolidated net income from operations or Total Income from Operations) in the corresponding quarter of last year (Q1-2014) and against a profit of Rs 14.66 crore (14.4 per cent of TIO) in the immediate trailing quarter Q4-2014).

     

    The company says that it is facing a financial strain on account of high receivables, but at the operational level it is cash positive. DQEIL claims that the current total contract value for the service/co-production projects signed and in discussions is about USD 63 million to be executed over the next 18 months. Also, the total contract value for the licensing and distribution deals signed is USD 10 million for FY-2015.

     

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

     

    The company explains that due to seasonality of its business, the first and third quarter results are generally lower than the results of the second and fourth quarters.  It attributes the decline in production revenues to two reasons – (1) DQEIL had completed and delivered a number of projects by March 2014, and final deliveries were done in April 2014. Commissioning of new projects did not get completed by April 2014, as has been the global trend. However, DQEIL assures that the commissioning of new projects has commenced and invoicing of the same will be done only on completion of milestones. (2) Out of DQEIL’s current on-going projects, four are in-house IP, for which distribution revenue would be recognised on milestone delivery basis.

     

    Click here to read more

  • ‘Lanfeust Quest’ bags multiple television deals

    ‘Lanfeust Quest’ bags multiple television deals

    MUMBAI: Global entertainment production and distribution company, DQ Entertainment, has announced that Lanfeust Quest has been acquired by leading broadcasters for multiple geographical regions.

     

    The a 26 episode animated TV series, co produced by DQE along with Gaumont Animation, France, has been acquired by Disney XD for Turkey, Spain, Benelux, German-speaking Europe, Italy and central and eastern Europe, Middle East and Africa (CEEMA) regions that includes about 50 countries.

     

    DQE holds the rights for the territories of Turkey, Middle East and all of Asia under the terms of the co­ production with Gaumont Animation. The series has also been picked by TVE for Spain, ABC 3 for Australia and pay-TV networks Biggs channel for Portugal.

     

    While speaking to indiantelevision.com DQ Entertainment COO Sumedha Saraogi says, “Yes, we have the rights of Lanfeust Quest for all of Asia, the Middle East and Turkey. We are now in talks with some channels in India like Viacom 18 and Disney. But, nothing can be confirmed as of now.”

     

    Lanfeust Quest follows the adventures of 14-year-old Lanfeust as he becomes the only hero in charge of protecting Planet Troy. Commissioned by French broadcaster M6 in September 2013, it made its channel debut on 25 September 2014.  Lanfeust Quest was directed by Antoine Charreyron  and Tarik Hamdine and is an adaptation of the bestselling comic franchise Lanfeust of Troy.

  • Q3: Christmas, New Year delays invoicing at DQ Entertainment

    Q3: Christmas, New Year delays invoicing at DQ Entertainment

    BENGALURU: Christmas and New Year holidays resulted in invoicing delays and hence lower revenue for the Tapas Chakravarti-led DQ Entertainment (International) Ltd, (DQE). The company says that though deliveries for some products had been completed before December 31, 2013, approvals from its customers were delayed on account of the holidays, hence invoices have been raised in the fourth quarter. 

     

    The company reported consolidated revenue of Rs 50.85 crore for Q3-2014, 11.5 per cent more than the Rs 45.59 crore in Q3-2013 and 10.1 per cent lower than Rs 56.58 crore in Q2-2014.YTD, revenue in 9M-2014 was down 2.1 per cent to Rs 137.85 crore in Q3-2014 from Rs 140.86 crore in 9M-2013. For FY 2013, DQE reported revenue of Rs 229.05 crore. 

     

    DQE reported loss of Rs 1.24 crore in Q3-2014, against a profit of Rs 8.92 crore in Q3-2013 and a profit of Rs 22.72 crore in Q2-2014. YTD, for the nine month period ended December 31, 2013, DQE reported PAT of Rs 28.11 crore which was a little more than the double the Rs 14.01 crore in 9M-2013. For FY 2013, DQE’s PAT was Rs 37.31 crore. 

     

    Let us look at the other Q3-2014 numbers reported for Q3-2014

     

    Total expense (excluding finance cost) at Rs 38.59 crore in Q3-2014 was 27.7 per cent more than the Rs 27.39 crore in Q3-2013 and 40.9 per cent more than the Rs 26.04 crore in Q2-2014. YTD, Total expense fell 22.5 per cent to Rs 84.89 crore from Rs 109.57 crore in 9M-2013. For FY 2013 Total expense was Rs 168.83 crore.

     

    The company’s finance cost in Q3-2014 went up by 36.3 per cent to Rs 7.18 crore from Rs 5.27 crore in Q3-2013 and went up by 13.9 per cent from Rs 6.30 crore in Q2-2014. Finance Cost on a YTD basis was up 24.4 per cent to Rs 18.5 crore in Q3-2014 from Rs 14.87 crore in 9M-2013. For FY 2013, DQE paid Rs 20.94 crore towards Finance Cost. 

     

    The company’s Employee expense in Q3-2014 at Rs 18.64 crore was (12.9) per cent lower than the Rs 21.41 crore in Q3-2013 and 14.0 per cent lower than the Rs 19.74 crore in Q2-2014. In 9M-2014, Employee expense was 12.8 per cent down to Rs 58.61 crore from Rs 67.21 crore in 9M-2013. For FY 2013, Employee expense was Rs 87.58 crore. 

     

    Its other expense was up 26.9 per cent in Q3-2014 to Rs 8.26 crore from Rs 6.51 crore in Q3-2013 and was lower by 30.2 per cent from the Rs 11.83 crore in Q2-2014. Other expense was up 50.5 per cent to Rs 26.43 crore in 9M-2014 from Rs 17.57 crore in 9M-2013. For FY 2013, other expense was Rs 25.02 crore. 

     

    The company’s animation segment reported a 11.5 per cent drop in operating revenue in Q3-2014 to Rs 30.11 crore from Rs 34.03 crore in Q3-2013 and was 27.9 per cent lower than the Rs 41.77 crore in Q-2014. YTD, the company’s Animation segment reported operating revenue of Rs 98.18 crore which was 5.8 per cent more than the Rs 92.84 crore in 9M-2013. For FY 2013, this segment reported revenue of Rs 170.09 crore.

     

    Animation segment reported an operating profit of Rs 13.79 crore in Q3-2014, 17.6 per cent lower than the Rs 16.72 crore in Q3-2013 and 46.1 per cent lower than the Rs 25.59 cores in Q2-2014. In 9M-2014, the segment reported operating profit of Rs 50.84 crore which was 31.5 per cent more than the Rs 38.67 crore in 9M-2013. For FY 2013, this segment reported operating profit of Rs 97.52 crore. 

     

    DQE’s other segment – distribution reported revenue of just Rs 0.69 crore in Q3-2014 as compared to the Rs 10.92 crore in Q3-2013 and the Rs 13.62 crore in Q2-2014. YTD, the segment’s operating revenue fell 14.3 per cent to Rs 15.3 crore from Rs 17.84 crore in 9M-2013. For FY 2013, this segment reported revenue of Rs 28.72 crore.  

     

    The segment reported a loss of Rs 3.99 crore for the current quarter as compared to a profit of Rs 7.51 crore in Q3-2013 and Rs 7.6 crore in Q2-2014. Over the nine month period ended December 31, 2013, the segment reported a 63.6 per cent drop in operating profit to Rs 1.75 crore from Rs 4.8 crore in 9M-2013. For FY 2013, Distribution segment reported operating loss of Rs 2.64 crore.

     

    DQE’s reported an unallocated expense of Rs 11.54 crore in Q3-2014, which was 58.3 per cent more than the Rs 7.29 crore in Q3-2013 and almost four times the Rs 2.8 crore in Q2-2014. 

     

    The company states that its current order book stands at Rs 410 crore.

     

    Says Chakravarti, “There is a clear upsurge in the economy of North America, however the economic slowdown in Europe still continues. DQE is making all efforts in North America to take benefit of increased demand for TV and movie content in animation, hybrid presentations as well as pure live action. This is evident from our advanced negotiations with production houses in the USA.”

     

    “DQE with its track record of international high quality productions such as ‘Little Prince’, Iron Man, Fantastic Four, Jungle Book, Peter Pa, The Penguins of Madagascar, etc., should benefit from this renewed demand. The industry is also witnessing an increase for Visual Effects (VFX) content for animated feature films, live action thrillers & action films and Sci-Fi films from Hollywood, Europe and Japan. This will help DQE take advantage of its capabilities and trusted name for CGI/VFX production in USA and Europe. Our intellectual properties are also gathering momentum worldwide,” added Chakravarti.

     

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