ITV

Tag: EBE

  • Q2-2016: OnMobile YoY revenue flat: EBIDTA up 41.7%

    Q2-2016: OnMobile YoY revenue flat: EBIDTA up 41.7%

    BENGALURU: Mobile music play service company OnMobile Global Limited (OnMobile) reported almost flat (decline of 0.2 per cent) consolidated revenue or Income from Operations (TIO) for the quarter ended 30 September, 2015 (Q2-2016, current quarter) at Rs 206.98 crore as compared to the Rs 207.45 crore in Q2-2015. TIO for the current quarter grew 2.6 per cent as compared to the Rs 201.82 crore in the immediate trailing quarter.

     

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

     

    The company’s EBIDTA in the current quarter grew 41.7 per cent to Rs 39.34 crore (19 per cent margin) as compared to the Rs 27.77 crore (13.4 per cent margin) in the corresponding year ago quarter and was 12 per cent more than the Rs 35.12 crore (17.4 per cent margin) in the immediate trailing quarter.

     

    OnMobile reported profit after tax (PAT) of Rs 1.26 crore (0.6 per cent margin) in Q2-2016 as compared to a loss of Rs 1.21 crore in Q2-2015 and a loss of Rs 0.16 crore in Q1-2016.

     

    Business Performance

     

    OnMobile says that its International revenue grew by eight per cent YoY and 2.8 per cent QoQ. Europe recorded a revenue growth of 49.2 per cent YoY and 4.4 per cent QoQ, while in Other Emerging Markets, revenue grew by 6.7 per cent YoY and seven per cent QoQ to Rs 37.3 crore (18 per cent of TIO). 

     

    Its Latin America revenue was down by 1.5 per cent QoQ and 23.9 per cent YoY respectively. However, Latin America revenue grew by five per cent QoQ, excluding the forex impact of fluctuations in local currencies.

     

    India Business

     

    OnMobile’s India revenue was Rs 45.1 crore (21.8 per cent of TIO) in Q2-2016, a growth of 1.7 per cent QoQ and reduction of 21.6 per cent YoY. It says that it has won western circles from Airtel for Ring Back Tone business to become the largest Ring Back Tone partner for Airtel in India. OnMobile says that this win increases its reach in Airtel from over six crore subscribers to over 11.5 crore subscribers.

     

    The company says that CVAS, a direct to consumer product, has been launched in a large operator in India.

     

    Let us look at some of the other numbers reported by OnMobile

     

    Total Expenditure (TE) in the current quarter declined 5.2 per cent to Rs 204.74 crore (98.9 per cent of TIO) as compared to the Rs 215.92 crore (104.1 per cent of TIO) in Q2-2015, but was 0.4 per cent more than the Rs 203.97 crore (101.1 per cent of TIO) in Q1-2016.

     

    A major expense head for the company is Content Fee and Royalty (CFR). OnMobile paid 41.3 per cent higher CFR in the current quarter at Rs 67.55 crore (32.6 per cent of TIO) as compared to the Rs 47.79 crore (23 per cent of TIO) in Q2-2015 and 5.9 per cent more than the Rs 63.76 crore (31.6 per cent of TIO) in Q1-2016.

     

    The company’s Other sales and services cost declined 52.5 per cent to Rs 9.72 crore (4.7 per cent of TIO) in Q2-2016 as compared to the Rs 20.46 crore (9.9 per cent of TIO) in Q2-2015 and was 15.6 per cent lower than the Rs 11.52 crore (5.7 per cent of TIO) in the previous quarter.

     

    OnMobile says that it has done a ‘Headcount optimization’ during the last financial year and quarter, which has resulted in a reduction of manpower cost. It says that its employee base at the end of Q2-2016 was 1,075. The company’s Employee Benefits Expense (EBE) in the current quarter declined 23.6 per cent to Rs 55.47 crore (26.8 per cent of TIO) in Q2-2016 as compared to the Rs 72.63 crore (35 per cent of TIO) in Q2-2015 and was 3.9 per cent less than the Rs 57.70 crore (28.6 per cent of TIO) in Q1-2016.

  • Q2-2016: Zee Learn YoY revenue up 34.9% at Rs 30.70 crore

    Q2-2016: Zee Learn YoY revenue up 34.9% at Rs 30.70 crore

    BENGALURU: The Essel Group’s education company Zee Learn Limited (Zee Learn) reported 34.9 per cent higher Total Income from Operations (TIO, revenue) in the quarter ended 30 September, 2015 (Q2-2016, current quarter) at Rs 30.70 crore as compared to the Rs 22.76 crore in Q2-2015. Q2-2016 TIO was however 14.2 per cent lower than the Rs 35.79 crore in Q1-2016.

     

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

     

    The company’s marketing, advertisement and publicity expense (marketing expense) for Q2-2016 at Rs 1.78 crore (5.8 per cent of TIO) was 13.2 per cent more than the Rs 1.58 crore (6.9 per cent of TIO) in Q2-2016. Marketing expense in the current quarter was 61.9 per cent lower than the Rs 4.68 crore (13.1 per cent of TIO) in the immediate trailing quarter.

     

    Let’s look at the other numbers reported by Zee Learn:

     

    The company’s Profit After Tax (PAT) declined 5.6 per cent to Rs 1.08 crore (3.5 per cent margin) from Rs 1.14 crore (five per cent margin) and declined by 72.8 per cent from Rs 3.96 crore (11.1 per cent margin) in Q1-2016.

     

    Zee Learn’s Total expenditure (TE) in Q2-2016 at Rs 25.43 crore (86.1 per cent of TIO) was 37.8 per cent more than the Rs 19.18 crore (84.3 per cent of TIO) in Q2-2015 but was 9.3 per cent lower than the Rs Rs 29.14 crore (81.4 per cent of TIO) in Q1-2016.

     

    Employee Benefit Expense (EBE) in Q2-2016 at Rs 7.25 crore (23.6 per cent of TIO) was 24.2 per cent higher than the Rs 5.84 crore (25.7 per cent of TIO) in Q2-2015 and was 17.5 per cent more than the Rs 6.17 crore (17.2 per cent of TIO) in Q1-2016.

     

    In Q2-2016, Zee Learn’s operating cost at Rs 0.85 crore (2.8 per cent of TIO) was 65.8 per cent more than the Rs 0.51 crore (2.2 per cent of TIO) in the corresponding year ago quarter and was 52.7 per cent more than the Rs 0.56 crore (1.6 per cent of TIO) in Q1-2016.

     

    Other expense in Q2-2016 at Rs 7.46 crore (24.3 per cent of TIO) was 36 per cent more than the Rs 5.49 crore (24.1 per cent of TIO) but was three per cent lower than the Rs 7.69 crore (21.5 per cent of TIO) in Q1-2016.

     

    Zee Learn says that on 28 June, 2015 a fire occurred in one of the warehouses of the company at Bhiwandi near Mumbai and the inventory of educational material lying at the said warehouse amounting to Rs 1416.61 lakh got completely destroyed. Further, Zee Learn says that it has lodged a claim with the insurance company for the loss incurred. Pending the settlement of insurance claim, the loss is accounted as ‘Claims Receivables’ under other Current Assets to the extent of the above amount. On settlement of the claim by the insurance company, the difference in loss claim and actual claim received, if any, will be charged to the Statement of Profit and Loss Account.

  • Q2-2016: Sun TV YoY revenue up 11.6%, PAT up 41.4%

    Q2-2016: Sun TV YoY revenue up 11.6%, PAT up 41.4%

    BENGALURU: Sun TV Network Limited (Sun TV) reported 11.6 per cent growth in standalone revenue (Total income from operations or TIO) in Q2-2016 (quarter ended 30 September, 2015, current quarter) at Rs 568.09 crore as compared to Rs 509.02 crore in Q2-2015, but 17.8 per cent less than the Rs 691.09 crore in Q2-2016.

     

    The company reported 41.4 per cent higher profit after tax (PAT) in the current quarter at Rs 213.38 crore (38.4 per cent margin) as compared to the Rs 154.47 crore (30.3 per cent margin) and10.7 per cent more than the Rs 197.28 crore (28.5 per cent margin) in Q1-2016.

     

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

    All figures in this report are standalone.

     

    The company in its earnings release says that subscription revenues grew 10 per cent in the current quarter to Rs 197.42 crore as compared to the Rs 179.48 crore in the corresponding year ago quarter. Advertisement revenue in Q2-2016 increased 15.8 per cent to Rs301.37 crore as compared to Rs 260.26 crore in Q2-2016, but declined seven per cent from Rs 323.89 crore in the immediate trailing quarter.

     

    The board of directors of the company have decided not to declare any dividend for Q2-2016.

     

    Let’s look at the other numbers reported by Sun TV

     

    Sun TV’s total expenses (TE) in the current quarter at Rs 253.44 crore (44.6 per cent of TIO) was 15 per cent lower YoY than Rs 298.22 crore (58.6 per cent of TIO) and 38.5 per cent lower QoQ as compared to Rs 412.10 crore (59.6 per cent of TIO). The company’s TE in Q1 included IPL franchisee of Rs 85.05 crore (12.3 per cent of TIO), which is a non-recurring item during the other three quarters of the year.

     

    Sun TV’s ‘Other Expenditure’ (OE) is a major expense head that has declined QoQ by a huge margin. OE in Q2-2016 at Rs 31.31 crore (5.5 per cent of TIO) was 38.2 per cent more than the Rs 22.65 crore (4.4 per cent of TIO) in Q2-2015 and almost a third of the Rs 91.65 crore (13.3 per cent of TIO) in Q1-2016.

     

    Sun TV’s Employee Benefit Expense (EBE) in Q2-2016 increased 13.5 per cent to Rs 56.92 crore (10 per cent of TIO) as compared to the Rs 50.13 crore (9.8 per cent of TIO) in Q2-2015 and 4.4 per cent more than the Rs 54.51 crore (7.9 per cent of TIO) in the immediate trailing quarter.

  • Q2-2016: ENIL reports 11.6% YoY revenue & 15.8% PAT growth

    Q2-2016: ENIL reports 11.6% YoY revenue & 15.8% PAT growth

    BENGALURU: Indian private FM player Entertainment Network (India) Limited (ENIL) reported 11.6 per cent increase in Total Income from Operations (TIO) in the quarter ended 30 September, 2015 (Q2-2016, current quarter) at Rs 116.27 crore as compared to the Rs 104.14 crore in Q2-2015. TIO in the current quarter was 14.5 per cent more than the Rs 101.56 crore in immediate trailing quarter.

     

    The company’s profit after tax (PAT) in Q2-2016 increased 15.8 per cent to Rs 26.97 crore (23.2 per cent margin) as compared to the Rs 23.30 crore (22.4 per cent margin) in the corresponding year ago quarter and was 4.2 per cent more than the Rs 25.88 crore (25.5 per cent of TIO) in Q1-2016. The company had entered the Rs 100 crore PAT club in FY-2015 with a PAT of Rs 105.98 crore (24.2 per cent margin) on a TIO of Rs 483.48 crore. 

     

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

    (2) The numbers in this report are consolidated unless stated otherwise.

     

     

    Let us look at some of the other numbers reported by ENIL

     

    The company’s EBIDTA in Q2-2016 at Rs 35.71 crore (30.7 per cent margin) was 13.7 per cent more than the Rs 31.40 crore (30.2 per cent margin) in the corresponding year ago quarter and almost flat (up by 90 basis points) as compared to the Rs 35.38 crore (34.8 per cent margin) in the previous quarter.

     

    ENIL total expense (TE) in Q2-2016 at Rs 90.86 crore (78.1 per cent of TIO) was 12.3 per cent more than the Rs 80.89 crore (77.7 per cent of TIO) in Q2-2015 and was 22.2 per cent more QoQ than the Rs 74.38 crore (73.2 per cent of TIO) in Q1-2016.

     

    ENIL paid 48.8 per cent higher license fee in Q2-2016 at Rs 7.83 crore (6.7 per cent of TIO) as compared to the Rs 5.27 crore (5.1 per cent of TIO) in Q2-2015 and 53.3 per cent more than the Rs 5.11 crore (5 per cent of TIO) in Q1-2016.

     

    The company’s marketing expense in Q2-2016 at Rs 15.47 crore was (13.3 per cent of TIO) was seven per cent lower than the Rs 16.63 crore (16 per cent of TIO) in Q2-2015, but 37 per cent more than th Rs 11.29 crore (11.1 per cent of TIO) in Q1-2016.

     

    Employee Benefit Expense (EBE) in Q2-2016 at Rs 21.67 crore (18.6 per cent of TIO) was 7.5 per cent more than the Rs 20.17 crore (19.4 per cent of TIO), but was 1.9 per cent lower than the Rs 22.10 crore (21.8 per cent of TIO) in Q1-2016.

     

    ENIL managing director and CEO Prashant Panday said, “We are extremely happy with our results. Despite a sluggish economy, we have grown our revenues and profits substantially. With Phase-3 auctions over, we are gearing up to launch brand Mirchi into exciting new towns like Kochi and Chandigarh, as well as launch our second brand of radio in most of the major markets of the country. Radio is going to boom in the next five years, and Mirchi will surely be at the forefront.”

     

    ENIL’s participation in the first batch of Phase-3 auctions has resulted in an expansion of its footprint into seven new towns – Chandigarh, Kochi, Kozhikode, Jammu, Srinagar, Guwahati and Shillong.

     

    Further, ENIL recently received the permission from the Ministry of Information & Broadcasting (MIB) to acquire four stations from TV Today Network Limited, viz., Amritsar, Patiala, Shimla and Jodhpur – which the company says will be re-branded and re-launched shortly as Mirchi, adding to its North India network strength. With these 11 stations, the core Mirchi brand will now be available in 43 cities.

  • Q2-2016: 18% YoY ad revenue jump ramps Hindustan Media Ventures revenue 16%

    Q2-2016: 18% YoY ad revenue jump ramps Hindustan Media Ventures revenue 16%

    BENGALURU: An 18.2 per cent YoY increase in advertising revenue ramped up Hindustan Media Ventures Limited (HMVL) total revenue by 16.2 per cent during the quarter ended 30 September, 2015 (Q2-2016, current quarter).

     

    The publisher that publishes Hindi newspaper ‘Hindustan’, Hindi socio cultural magazine ‘Kadambini’ and children’s Hindi magazine ‘Nandan’ among others, reported ad revenue of Rs 168.1 crore in Q2-2016 as compared to the Rs 142.2 crore in Q2-2015 and Rs 162.1 crore (1.1 per cent QoQ growth) in Q1-2016. HMVL total revenue in the current quarter increased to Rs 245.9 crore as compared to Rs 211.6 crore in Q2-2015 and Rs 235.4 crore (4.5 per cent QoQ growth) in the immediate trailing quarter.

     

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

     

    Circulation revenue in Q2-2016 increased 7.6 per cent to Rs 53.4 crore as compared to the year ago quarter circulation revenue of Rs 49.6 crore and was flat (increased 0.1 per cent) as compared to the Rs 53.4 crore in Q1-2016.

     

    The company’s profit after tax (PAT) in the current quarter increased 43.1 per cent to Rs 45 crore (18.3 per cent margin) as compared to the Rs 31.5 crore (14.9 per cent margin) in Q2-2015 and increased eight per cent to Rs 41.7 crore (17.7 per cent margin) in the immediate trailing quarter.

     

    Total Expenditure in the current quarter increased eight per cent to Rs 180.19 crore as compared to the Rs 166.88 crore in Q2-2015 and was 3.1 per cent more than the Rs 174.72 crore in Q1-2016.

     

    Cost of raw materials consumed increased 1.2 per cent to Rs 85.75 crore in Q2-2016 as compared to the Rs 84.76 crore in Q2-2015 and increased 1.1 per cent as compared to the Rs 84.80 crore in Q1-2016.

     

    Employee Benefit Expense (EBE) increased 15.9 per cent to Rs 29.88 crore in Q2-2016 as compared to Rs 25.77 crore in the corresponding year ago quarter and increased four per cent as compared to the Rs 28.72 crore in Q1-2016.

     

    Company speak

     

    HMVL chairperson Shobana Bhartia said, “We are glad to report another quarter of strong growth in revenue and profits despite significant macroeconomic stress. The quarter witnessed healthy growth in advertising revenue across verticals. We also saw an increasing share of local business across all our markets. And lower raw material prices and a benign rupee continue to boost profitability. We have the momentum and expect to continue on the growth path as we move forward.”