ITV

Tag: EBIDTA

  • Q2-2016: Mukta Arts EBIDTA up 32%

    Q2-2016: Mukta Arts EBIDTA up 32%

    BENGALURU: Mukta Arts Limited EBIDTA increased 31.9 per cent YoY in the quarter ended 30 September, 2015 (Q2-2016, current quarter) to Rs 2.16 crore (13.8 per cent margin) as compared to Rs 1.64 crore (6.8 per cent margin), but declined 2.2 per cent QoQ from Rs 2.21 crore (14.5 per cent margin). The company’s net Total Income from Operations (TIO) in the current quarter fell 34.8 per cent YoY to Rs 15.61 crore from Rs 23.95 crore, but increased 2.5 per cent QoQ from Rs 15.23 crore.

     

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

     

    Mukta Arts reported a small Profit after Tax (PAT) for the current quarter at Rs 0.32 crore (2.1 per cent margin) as compared to a loss of Rs 0.03 crore in Q2-2015 and a loss of Rs 1.43 crore in the immediate trailing quarter.

     

    Segment performance

     

    Mukta Arts has four segments-Software Division; Equipment Division (including other income); Theatrical Exhibition Division and ‘Others.’

     

    Software Division reported revenue of just Rs 1.64 crore in Q2-2016 as compared to Rs 13.89 crore in Q2-2015 and Rs 0.03 crore in Q1-2016. The segment reported less than one fourth of operating profit YoY at Rs 0.08 crore as compared to Rs 0.33 crore. This division had reported an operating loss of Rs 1.94 crore for the immediate trailing quarter.

     

    Equipment Division reported revenue of Rs 0.09 crore in the current quarter as compared to Rs 0.1 crore each in Q2-2015 and Q1-2015. The segment reported operating profit of Rs 0.05 crore in Q2-2016 as compared to a loss of Rs 0.12 crore in Q2-2015 and a loss of Rs 0.04 crore in the immediate trailing quarter.

     

    Theatrical Exhibition Division reported revenue of Rs 12.02 crore in the current quarter as compared to Rs 0.07 crore in Q2-2015 and Rs 11.14 crore in Q1-2016. The segment reported operating profit of Rs 1.36 crore in Q2-2016; operating profit of Rs 0.07 crore in Q2-2015 and operating profit of Rs 0.49 crore in Q1-2016.

     

    ‘Others’ segment reported revenue of Rs 1.87 crore in Q2-2016; revenue of Rs 1.96 crore in Q2-2015 and revenue of Rs 1.97 crore in Q1-2016. The segment reported operating profit of Rs 0.53 crore in Q2-2016; operating profit of Rs 1.68 crore in Q2-2015 and operating profit of Rs 1.40 crore in Q1-2016.

     

    Let us look at the other numbers reported by Mukta Arts

     

    Mukta Arts’ Total Expenditure in Q2-2016 reduced 37.3 per cent YoY to Rs 14.89 crore (95.4 per cent of TIO) from Rs 23.74 crore (99.1 per cent of TIO), but increased 3.4 per cent QoQ from Rs 14.41 crore (94.6 per cent of TIO).

     

    Distributors and producers share in the current quarter reduced 31.1 per cent YoY to Rs 3.96 crore (25.3 per cent of TIO) from Rs 5.74 crore (24 per cent of TIO), but increased 11.9 per cent QoQ from Rs 3.53 crore (23.2 per cent of TIO).

     

    Employee Benefits Expense in Q2-2016 increased 38 per cent YoY to Rs 2.12 crore (13.6 per cent of TIO) from Rs 1.54 crore (6.4 per cent of TIO), but reduced 2.6 per cent QoQ from Rs 2.18 crore (14.3 per cent of TIO).

     

    Purchase of Food and Beverages cost increased 18.9 per cent YoY to Rs 0.85 crore (5.4 per cent of TIO) from Rs 0.71 crore (3 per cent of TIO) and increased 7.7 per cent QoQ from Rs 0.79 crore (5.2 per cent of TIO).

     

    Finance costs in Q2-2016 reduced 12.9 per cent YoY to Rs 1.83 crore (11.8 per cent of TIO) from Rs 2.11 crore (8.8 per cent of TIO), but increased 5.4 per cent QoQ from Rs 1.74 crore (11.4 per cent of TIO).

  • Q2-2016: Sri Adhikari Brothers net sales up 27%; EBIDTA up 62%

    Q2-2016: Sri Adhikari Brothers net sales up 27%; EBIDTA up 62%

    BENGALURU: Sri Adhikari Brothers Television Network Limited (SABTVNL) reported 26.8 per cent YoY growth in Net Sales/Income from Operations (TIO) for the quarter ended 30 September, 2015 (Q2-2016, current quarter) at Rs 27.91 crore from Rs 22.01 crore. QoQ, the current quarter’s TIO increased 7.6 per cent from Rs 25.94 crore.

     

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

    (2) All numbers are standalone unless stated otherwise.

     

    The company’s simple EBIDTA without other income increased 61.8 per cent YoY to Rs 9.7 crore (34.7 per cent margin) from Rs 6 crore (27.2 per cent margin) and increased 3.5 per cent QoQ from Rs 9.37 crore (36.1 per cent margin).

     

    SABTVNL’s PAT for the current quarter declined 22.6 per cent YoY to Rs 2.11 crore (7.6 per cent margin) from Rs 2.93 crore (12.4 per cent margin), but increased 2.4 per cent QoQ from Rs 2.06 crore (8 per cent margin).

     

    Let us look at the other numbers reported by SABTVNL

     

    Total Expenditure in Q2-2016 increased 20.6 per cent YoY to Rs 22 crore (78.8 per cent of TIO) from Rs 18.24 crore (82.9 per cent of TIO) and increased 8.9 per cent QoQ from Rs 20.21 crore (77.9 per cent of TIO).

     

    Production/Direct Expense in the current quarter increased 12 per cent YoY to Rs 15.75 crore (56.4 per cent of TIO) from Rs 14.07 crore (63.9 per cent of TIO) and increased 12 per cent QoQ from Rs 14.07 crore (54.2 per cent of TIO).

     

    Employee Cost in Q2-2016 increased 30 per cent YoY to Rs 1.06 crore (3.8 per cent of TIO) from Rs 0.81 crore (3.7 per cent of TIO) and increased 7.7 per cent QoQ from Rs 0.98 crore (3.8 per cent of TIO).

     

    Finance costs in the current quarter more than doubled (2.45 times) YoY to Rs 2.59 crore (9.3 per cent of TIO) from Rs 1.06 crore (4.8 per cent of TIO), but reduced 4.1 per cent QoQ from Rs 2.69 crore (10.4 per cent of TIO).

  • Q2-2016: Shemaroo revenue up 10% at Rs 93.62 crore

    Q2-2016: Shemaroo revenue up 10% at Rs 93.62 crore

    BENGALURU: Indian integrated media content house Shemaroo Entertainment Limited (Shemaroo) reported 10.2 per cent higher  consolidated Total Income from Operations (TIO) for the quarter ended 30 September, 2015 (Q2-2016, current quarter) at Rs 93.62 crore as compared to Rs 84.96 crore in Q2-2015 and 20.4 per cent more than the Rs 77.63 crore in Q1-2016. 

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

    (2) All numbers are consolidated unless stated otherwise.

    Shemaroo’s consolidated PAT for the current quarter improved 30.7 per cent to Rs 11.20 crore (12 per cent margin) as compared to the Rs 8.57 crore (10.1 per cent margin) but declined four per cent as compared to the Rs 11.67 crore (15 per cent margin) in Q1-2016.

    Shemaroo’s EBIDTA including other income at Rs 24.34 crore (26 per cent margin) increased 14.8 per cent YoY as compared to Rs 21.20 crore (25 per cent margin) and declined by 0.6 per cent QoQ from Rs 24.48 crore (31.5 per cent margin).

    The company’s Total Expenditure (TE) in Q2-2016 at Rs 70.86 crore (75.7 per cent of TIO) increased 9.2 per cent YoY as compared to Rs 64.91 crore (76.4 per cent of TIO) and was 30 per cent more than Rs 54.50 crore (70.2 per cent of TIO) in Q1-2016.

    The company’s cost of Raw Materials consumed increased 89.4 per cent in Q2-2016 to Rs 113.58 crore (121.3 per cent of TIO) as compared to Rs 59.98 crore (70.6 per cent of TIO) in Q2-2015 and was 22.6 per cent more than the Rs 92.65 crore (119.3 per cent of TIO) in Q1-2015.

    Employee Benefit Expense (EBE) in Q2-2015 increased 30.9 per cent to Rs 6.01 crore (6.4 per cent of TIO) as compared to the Rs 4.59 crore (5.4 per cent of TIO) and was 31.2 per cent more than the Rs 4.58 crore (5.9 per cent of TIO) in Q1-2016.

    Basic and undiluted EPS in Q2-2016 was Rs 4.12; in Q2-2015 EPS was Rs 4.30 and in Q1-2016 was Rs 4.29.

  • Q2-2016: Raj TV YoY EBIDTA up 26%

    Q2-2016: Raj TV YoY EBIDTA up 26%

    BENGALURU: South Indian television network Raj TV Limited (Raj TV) reported 26.1 per cent higher EBIDTA (Total Income from Operations or TIO plus Depreciation & Amortisation minus Total Expenditure or TE) for the quarter ended 30 September, 2015 (Q2-2016, current quarter) at Rs 3.88 crore (21.9 per cent margin) as compared to the Rs 3.08 crore (15.5 per cent margin) in Q2-2015. EBIDTA for the current quarter was however lower than the Rs 4.47 crore (22.6 per cent margin) in the immediate trailing quarter.

     

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

     

    TIO in the current quarter was also 11.7 per cent lower at Rs 17.73 crore as compared to the Rs 20.08 crore in Q2-2015 and was 10.3 per cent lower than the Rs 19.76 crore in Q1-2016.

     

    The company’s profit after tax (PAT) in Q2-2016 declined by a massive 65.9 per cent to Rs 0.26 crore (1.4 per cent margin) as compared to the Rs 0.75 crore (3.8 per cent margin) in Q2-2015 and was 77.7 per cent lower than the Rs 1.15 crore (5.8 per cent margin) in Q1-2016.

     

    The company’s Total Expenditure (TE) in Q2-2016 at Rs 15.46 crore (87.2 per cent of TIO) was 12.2 per cent lower than the Rs 17.61 crore (87.7 per cent of TIO) and was 8.5 per cent QoQ as compared to the Rs 16.90 crore (85.2 per cent of TIO).

     

    Raj TV’s cost of revenues in Q2-2016 declined 26.8 per cent to Rs 6.33 crore (35.7 per cent of TIO) as compared to the Rs 8.65 crore (43.1 per cent of TIO) and was 13.3 per cent lower than the Rs 7.30 crore (37 per cent of TIO) in the immediate trailing quarter.

     

    The company’s administrative expense in Q2-2016 declined 21 per cent to Rs 2.23 crore (12.6 per cent of TIO) as compared to the Rs 2.83 crore (14.1 per cent of TIO) and was 17.9 per cent lower than the Rs 2.72 crore (13.8 per cent of TIO) in Q1-2016.

     

    Raj TV’s employee benefit expense (EBE) in Q2-2016 at Rs 5.29 crore (29.8 per cent of TI) was 4.3 per cent lower than the Rs 5.52 crore (27.5 per cent of TIO) and was 0.5 per cent more than the Rs 5.26 crore (26.6 per cent of TIO) in Q1-2016.

  • Q2-2016: Ortel YoY revenue up 24.6 percent, PAT more than doubles

    Q2-2016: Ortel YoY revenue up 24.6 percent, PAT more than doubles

    BENGALURU: The Bibhu Prasad Rath-headed regional cable television and broadband internet player Ortel Communications Ltd  (Ortel) has reported a 24.6 percent growth in revenue from operations (TIO) at Rs 45.79 crore as in the quarter ended 30 September 2015 (Q2-2016, current quarter) as compared to the Rs 36.74 crore in the corresponding year ago quarter. TIO in the current quarter was also higher by 12.8 percent as compared to the Rs 40.6 crore in the immediate trailing quarter. Ortel provides services in the Indian states of Odisha, Chhattisgarh, Andhra Pradesh, Madhya Pradesh and West Bengal,

     

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

    The numbers mentioned in this report are standalone.

     

    The company reported more than a doubling of PAT (up 2.3 times) to Rs 2.83 crore (5.9 percent margin) as compared to the Rs 1.23 crore (3 percent margin) in Q2-2015, and 15.9 percent more than the Rs 2.44 crore (5.7 percent margin) in the immediate trailing quarter.

     

    Ortel President and CEO Rath said, “I am glad to report a strong operational and financial performance for the quarter ended   September 30, 2015. Performance during the quarter was driven by healthy addition in revenue generating units (RGUs) which stood at 571,834. We are witnessing encouraging traction to our LCO buyout strategy in emerging markets like Andhra Pradesh and Chhattisgarh, and I am confident that this would sustain going forward. Going forward, we would continue with our strategy of aggressive LCO buyouts across all our markets and diligently integrate the new  subscribers into Ortel’s last mile network. Healthy contribution from new RGUs along with ongoing focus on the high margin Broadband business would enable us to deliver strong financial performance in the forthcoming years.”

     

    The company’s EBIDTA (TIO plus Depreciation and Amortisation plus Other Income plus Fixed assets written off minus Total Expenditure) increased 31.3 percent to Rs 17.29 crore (37.8 percent margin) in the current quarter as compared to the Rs 13.17 crore (35.8 percent margin) and increased 8.8 percent as compared to the Rs 15.89 crore (39.1 percent margin) in Q1-2016.

     

    Ortel’s YoY RGUs grew 9.2 percent to 571,834 in Q2-2016 from 523,833 in Q2-2015 and increased 5.5 percent from 542,217 in Q1-2016.

     

    Cable TV RGUs’ increased 9 percent in Q2-2016 to 508,171 from 466,305 in Q2-2015 and grew 5.6 percent from 481,317 in Q1-2016.

    Ortel’s YoY primary digital cable RGUs grew 33.2 percent to 117,401 in Q2-2016 from 88,106 and grew QoQ to 4.5 percent from 112,296 in Q1-2016. Analogue cable RGUs’ increased to 330,739 from 322,175 in Q2-2015 and from 307,923 in Q1-2016. The company says that its Cable TV penetration stood at 23.7 percent and penetration in select 10 towns where company offers digital services stands at 71 percent.

     

    Broadband customers grew 8.9 percent to 63,663 in the current quarter from 57,528 in Q2-2015 and grew 4.5 percent from 60,900 in Q1-2016.

     

    The company has reported a slight drop in digital and analogue cable and broadband ARPUs’ in the current quarter. Digital cable ARPU in Q2-2016 was Rs 183 in Q2-2016; Rs 187 in Q2-2015 and Rs 185 in Q1-2016. Analogue cable ARPU in Q2-2016 was Rs 143; in Q2-2015 it was Rs 147 and in Q1-2016, it was Rs 144. Broadband ARPU in Q2-2016 was Rs 183, in Q2-2015, it was Rs 187 and in Q1-2016, it was Rs 185.

     

     

    Cable Subscription, Connection and Channel carriage fees

     

    The company’s cable subscription fees in Q2-2016 increased 4 percent to Rs 20.6 crore as compared to the Rs 19.8 crore in Q2-2015 and increased 3 percent as compared to the Rs 20 crore in Q1-2016. Connection fees declined to Rs 0.70 crore in the current quarter from Rs 1.1 crore in Q2-2015 and remained flat as compared to the Rs 0.7 crore in Q1-2015.Channel carriage fees in the current quarter increased 44.9 percent to Rs 9.7 crore from Rs 6.7 crore in Q2-2015 and increased 23.8 percent from Rs 7.8 crore in the immediate trailing quarter.

     

    Let us look at the other numbers reported by Ortel

     

    Total Expenditure in Q2-2016 increased 13.3 percent to Rs 38.72 crore as compared to Rs 34.17 crore in Q2-2015 and increased 12.5 percent as compared to the Rs 34.42 crore in the immediate trailing quarter.

     

    The company’s Programming cost in the current quarter increased 7.2 percent to Rs 9.44 crore from Rs 8.81 crore in Q2-2015 and increased 5.9 percent from Rs 8.91 crore in Q1-2016.

     

    Bandwidth cost in Q2-2016 increased 19.3 percent to Rs 1.92 crore from Rs 1.61 crore in Q2-2015 and increased 7.9 percent from Rs 1.78 crore in Q1-2016.

     

    Employee Benefits Expense in the current quarter increased 45.5 percent to Rs 5.64 crore as compared to the Rs 3.88 crore in Q2-2015 and was 15.4 percent more than the Rs 4.89 crore in Q1-2016.

     

    Last quarter, Ortel announced that it had introduced free broadband option for all Ortel Cable TV subscribers in the states of Odisha, West Bengal and Chhattisgarh as a complimentary special value added service in order to target to deeper penetrate into markets by making internet affordable. Ortel says that its offer includes a free data limit every month for a year. The subscriber will be charged a nominal amount after exceeding the free data usage for the month.

  • Q2-2016: Zee Media EBIDTA up 9.7 percent

    Q2-2016: Zee Media EBIDTA up 9.7 percent

    BENGALURU:  Zee Media Corporation Limited (ZMCL), the erstwhile Zee News Limited reported a 3.1 percent deline in Total Income from Operations (TIO) to Rs 127.04 crore in the quarter ended September 30, 2015 (Q2-2016, current quarter) as compared to the Rs 131.12 crore in Q2-2015. TIO in the current quarter was 6.1 percent lower than the Rs 135.26 crore in Q1-2016.

     

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

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

     

    ZMCL’s EBIDTA however improved 9.7 percent to Rs 6.71 crore in the current quarter as compared to the Rs 6.12 crore in Q2-2015. ZMCL’s EBIDTA in the immediate trailing quarter was higher at Rs 14.76 crore.

     

    ZMCL’s existing television channels returned positive operating results (Positive EBIDTA) of Rs 17.43 crore crore in Q2-2016. Its TV Broadcasting EBIDTA was negatively impacted to the extent of Rs 7.26 crore by its new channels, and hence the TV Broadcast business returned a positive EBIDTA of Rs 10.17 crore.  Overall, ZMCL’s EBIDTA was further impacted by a negative EBIDTA of Rs 3.45 crore from its Print Business, hence the company reported the EBIDTA of Rs 6.71 crore mentioned above in Q2-2016.

     

    While the company’s Television Broadcast business revenue grew YoY grew 1.8 percent to Rs 100.30 crore in the current quarter as compared to Rs 98.56 crore in the corresponding year ago quarter, its Print business revenue declined 7.9 percent to Rs 30.02 crore as compared to Rs 32.59 crore. TV Broadcast business revenue in Q1-2016 was higher at Rs 108.64 crore, while Print business revenue was lower at Rs 28.04 crore.

     

    Advertisement and Subscription Revenues

     

    The company’s overall advertising and subscription revenues declined both YoY and QoQ in Q2-2016. ZMCL reported 2.6 percent lower advertising revenue of Rs 90.69 crore (71.4 percent of Total Revenue) in the current quarter as compared to 93.14 crore (71 percent of Total Revenue) in Q2-2015 and was 6.3 percent lower than the Rs 96.75 crore (71.5 percent of Total Revenue).

     

    TV Business advertisement revenue increased 2.1 percent to Rs 72.59 crore in Q2-2016 as compared to the Rs 71.1 crore in Q2-2015, but declined 8.9 percent as compared to the Rs 79.72 crore in the immediate trailing quarter. TV Business Advertisement revenue from existing channels declined 3.9 percent in the current quarter to Rs 65.93 crore as compared to the Rs 68.58 crore in Q2-2015 and declined 11 percent as compared to the Rs 74.05 crore in Q1-2016. Advertisement revenue from new channels more than doubled (went up 2.7 times) to Rs 6.66 crore as compared to the Rs 2.52 crore in Q2-2015 and increased 17.3 percent as compared to the Rs 5.68 crore in Q1-2016.

     

    Overall subscription revenue in the current quarter declined 3 percent to Rs 27.24 crore (21.4 percent of Total Revenue) in Q2-2016 as compared to the Rs 28.07 crore (21.4 percent of Total Revenue) in the corresponding year ago quarter and was 5 percent lower than the Rs 28.67 crore (21.2 percent of Total Revenue) in the immediate trailing quarter.

     

    TV Business YoY subscription revenue declined 0.2 percent in the current quarter to Rs 24.44 crore as compared to the Rs 24.62crore in Q2-2015, and declined 5.4 percent as compared to the Rs 25.84 crore in Q1-2016.

     

    Let us look at the other numbers reported by ZMCL

     

    ZMCL’s Total Expenditure in the current quarter declined 3.4 percent to Rs 133.35 crore as compared to the Rs 138.01 crore in Q2-2015, but increased 0.3 percent as compared to the Rs 133.01 crore in Q1-2016.

     

    Employee Benefits Expense in Q2-2016 declined 7.2 percent to Rs 38.60 crore in Q2-2016 as compared to the Rs 41.60 crore in the corresponding year ago quarter and was 8.3 percent lower than the Rs 42.11 crore in Q1-2016.

     

    Operational Cost in Q2-2016 declined 17.5 percent to Rs 21.14 crore as compared to the Rs 25.62 crore in Q2-2015 but was 1.7 percent higher than the Rs 20.79 crore in Q1-2016.

     

    Marketing, Distribution and Business Promotion Expenses in Q2-2016 increased 66 percent to Rs 24.97 crore as compared to the Rs 15.04 crore in Q2-2015 and was 15.3 percent more than the Rs 21.65 crore in the immediate trailing quarter.

     

    ZMCL’s loss in Q2-2016 increased to Rs 16.98 crore as compared to the loss of Rs 11.53 crore in Q2-2015 and the loss of Rs 7.1 crore in Q1-2016.

     

    Group CEO, News Cluster  Bhaskar Das said, “With hardly any content differentiators, news has become commoditized over the years. Fragmentation has also not helped the cause of the genre. However, we at Zee Media have been constantly investing on breaking the clutter and creating path breaking content so that we can distinctly set ourselves apart from the current normal. Our breakthrough experiments in content have borne results.”

     

    Das further added, “Zee News, the pioneer in news broadcasting in India, has turned into viewers’ first choice of late as we continue to make the content meaningful and relevant in the context of the current discourse. The bouquet of ZMCL channels and our newspaper, dna, continue to be one of India’s largest news networks and we leverage our multiple access points to reach both our viewers and advertisers, providing value to every stakeholder at every step.”

  • Q1-2016: Sun TV results sunny; PAT up 19%; ad revenue up 16%

    Q1-2016: Sun TV results sunny; PAT up 19%; ad revenue up 16%

    BENGALURU: Despite being in trouble recently with the Ministry of Home Affairs over security clearance for its channels, the Marans’ media behemoth Sun TV Network Limited (Sun TV) reported 9.1 per cent growth in standalone revenue (Total income from operations or TIO) in Q1-2016 (quarter ended 01 June, 2015) at Rs 691.09 crore as compared to the Rs 633.58 crore in Q1-2015 and 26 per cent more than the Rs 548.58 crore in Q4-2015. The company’s advertisement revenue in the current quarter increased 16 per cent to Rs 323.89 crores.

     

    The company reported 19.1 per cent higher profit after tax (PAT) in the current quarter at Rs 197.28 crore (28.5 per cent margin) as compared to the Rs 165.64 crore (26.1 per cent margin ) in the corresponding year ago quarter. PAT in the immediate trailing quarter (Q4-2015) was 2.8 per cent higher than Q1-2016 at Rs 202.99 crore (37 per cent PAT margin)

     

    PAT in Q1-2016 would have been higher, but for the operating loss of Rs 56.61 crore by the company’s IPL franchisee SunRisers Hyderabad in the current quarter. The company’s Broadcasting segment reported EBIDTA of Rs 465.77 crore (78.3 per cent margin) on revenue of Rs 594.54 crore in Q1-2016. The company’s EBIDTA was Rs 409.61 crore (59.21 margin) because of the negative EBIDTA by Sun TV’s SunRisers segment.

     

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

     

    All figures in this report are standalone.

     

    The company’s subscription revenues continued to grow with cable TV revenue growing q-o-q by about 13 per cent and DTH revenue growing q-o-q by nine per cent. 

     

    The board of directors of the company has declared an interim dividend of Rs 6 (120 per cent) per equity share of face value Rs 5 per equity share.

     

    Let us look at the other numbers reported by Sun TV

     

    Sun TV’s total expenses (TE) in the current quarter at Rs 412.10 crore (59.6 per cent of TIO) was 1.8 per cent more than the Rs 405.00 crore (63.9 per cent of TIO) in Q1-2015 and 56.3 per cent more than the Rs 263.74 crore in Q4-2015.

     

    The company’s TE in Q1 includes 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 changed q-o-q by a huge margin. OE in Q1-2016 at Rs 91.65 crore (13.3 per cent of TIO) declined 1.8 per cent as compared to the Rs 93.33 crore (14.7 per cent of TIO) in Q1-2015, but was more than three times (3.2 times) the Rs 28.26 crore (5.2 per cent of TIO) in Q4-2015.

     

    Sun TV’s Employee Benefit Expense (EBE) in Q1-2016 increased 19.1 per cent to Rs 54.51 crore (7.9 per cent of TIO) as compared to the Rs 45.77 crore (7.2 per cent of TIO) in Q1-2015 and increased 4.5 per cent as compared to the Rs 52.16 crore (9.5 per cent of TIO) in the immediate trailing quarter.

  • News Corp revenue up 4%, EBIDTA up 21% in Q1-2015

    News Corp revenue up 4%, EBIDTA up 21% in Q1-2015

    BENGALURU: News Corporation (News Corp., company) reported 4 per cent growth in revenue in Q1-2015 (Quarter ended 30 September 2014, or current quarter) to US$ 2150 million from US$ 2072 million in the corresponding year ago quarter Q1-2015.

     

    The company’s EBIDTA increased 21 per cent to US$ 170 million in Q1-2015 from US$ 141 million in Q1-2014. The y-o-y EBITDA improvement was driven primarily by strong revenue performances in the Book Publishing, Digital Real Estate Services and Digital Education segments, combined with lower expenses related to the capitalization of Amplify Learning’s software development costs, partially offset by declines at the News and Information Services segment.

     

    The following segments contribute to News Corps numbers: News and Information Services, Book Publishing, Cable Network Programming, Digital Real Estate Services, Digital Education, and ‘Other’.

     

    Segment Results

     

    News and Information services

     

    Revenues for Q1-2015 decreased US$ 44 million, or 3 per cent, compared to Q1-2014. Australian newspaper revenues were relatively flat, reflecting modest advertising revenue declines and favourable foreign currency fluctuations.

     

    The company says that total segment advertising revenues declined 7 per cent, driven by weakness primarily in the print advertising market and the absence of results from LMG, partially offset by the benefit from foreign currency fluctuations. Circulation and subscription revenues declined 1 per cent, primarily due to the decline in professional information business revenues at Dow Jones, the absence of results from LMG and lower print circulation volume, partially offset by cover price increases in the U.K. and at several Australian newspapers as well as higher subscription pricing at The Wall Street Journal and WSJ.com. Adjusted revenues declined 3 per cent compared to the prior year.

     

    Segment EBITDA decreased US$28 million in the current quarter, or 21per cent, as compared to the prior year. Results were impacted by revenue weakness at Dow Jones coupled with the sale of LMG and incremental dual rent and other facility costs related to the relocation of the Company’s London operations of US$14 million, partially offset by an increase at News Corp Australia.

     

    Book Publishing

     

    Revenues in Q1-2015 increased US$ 78 million, or 24 per cent, compared to the prior year driven by the inclusion of the results of Harlequin and continued popularity of the Divergent series by Veronica Roth. The company claims that it sold more than 3.5 million net units of the Divergent series in the quarter helped by the release of Four: A Divergent Collection. E-book revenues improved by 28 per cent versus the prior year period, primarily driven by Harlequin, and represented 22 per cent of consumer revenues. Segment EBITDA increased US$ 12 million, or 28 per cent, from Q1-2014 due to higher revenues coupled with ongoing operational efficiencies and higher contribution to profits from ebooks, as well as a modest benefit from the acquisition of Harlequin. The improvements were partially offset by approximately US$ 5 million of transaction fees related to the acquisition of Harlequin. Adjusted revenues increased 6 per cent and Adjusted Segment EBITDA increased 23 per cent, compared to the prior year.

     

    Cable Network Programming

     

    In the first quarter of fiscal 2015, revenues increased US$ 7 million, or 5 per cent, compared Q1-2014, primarily due to higher affiliate pricing and increased subscribers. Segment EBITDA in the quarter increased US$ 3 million, or 10 per cent, due to higher revenues, partially offset by higher programming rights and other production costs. Adjusted revenues increased 4 per cent and Adjusted Segment EBITDA increased 10 per cent, compared to the prior year.

     

     

    Digital Real Estate Services

     

    Revenues in the quarter increased $22 million, or 24 per cent, compared to Q1-2014, primarily reflecting higher residential listing depth product penetration and higher pricing. Segment EBITDA in the quarter increased US$ 13million, or 30 per cent, compared to the prior year primarily due to the increased revenues as noted above, partially offset by higher marketing costs and US$ 2 million of incremental costs related to the proposed acquisition of Move,Inc. (“Move”). Adjusted revenues and Adjusted Segment EBITDA increased 23 per cent and 32 per cent, respectively, compared to the prior year.

     

    Digital Education

     

    Revenues in the quarter increased US$ 15 million, or 56 per cent, compared to the prior year primarily due to higher revenues at Amplify Learning, driven by the adoption of early grade print and hybrid learning products, and at Amplify Access. Segment EBITDA in Q1-2015 improved US$ 27 million, or 53 per cent, from the prior year, primarily due to the capitalization of Amplify Learning’s software development costs of US$ 15 million and higher revenues.

     

    Other

     

    Segment EBITDA in Q1-2015 improved by US$ 2 million compared to Q1-2014, due to lower fees and costs, net of indemnification, related to the claims and investigations arising out of certain conduct at The News of the World (the “U.K. Newspaper Matters”) of approximately US$ 3 million.

    The net expense related to the U.K. Newspaper Matters was US$ 14 million for the three months ended 30 September 2014 as compared to US$ 17 million for the three months ended 30 September 2013.

     

    Click here to read the earnings release

  • Sahara One PAT in FY-2014 down to one third of FY-2013 PAT

    Sahara One PAT in FY-2014 down to one third of FY-2013 PAT

    BENGALURU: Sahara One Media & Entertainment Limited (Sahara One) reported a little more than one third the PAT at Rs 1.78 crore (2 per cent of net revenue from operations or Op Rev) in FY-2014 as compared to the Rs 5.29 crore (4.3 per cent of Op Rev) in FY-2013.  During the last two quarters of FY-2014, the company has incurred loss, and the profit that it has reported is residual from the PAT of the first two quarters of the year. Further, Sahara One’s operating revenue net of service tax (in FY-2013) at Rs 91.39 crore in FY-2014 dropped 25.3 per cent from Rs 122.28 crore in FY-2013.

     

    Sahara One reports revenue from two segments – television and motion pictures. The revenue numbers from its motion pictures segment have been negligible in FY-2013 and FY-2014. However a significant portion of the loss has been attributed to motion pictures segment.

     

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

     

    Sahara One results for the quarters in FY-2014 were: Q1-2014-PAT of Rs 1.21 crore: Q2-2014, Rs 4.10 crore, Q3-2014 loss Rs 3.37 crore: Q4-2014 loss Rs 0.15 crore. For Q4-2013, Sahara One had reported a loss of Rs 1.74 crore.

     

    The company’s EBIDTA (including other income) was a positive at Rs 2.95 crore in FY-2014 as compared to a negative EBIDTA (including other income, excluding service tax) of Rs 1.69 crore in FY-2013.

     

    Let us look at the other numbers reported by Sahara One in FY-2014 and Q4-2014

     

    The company reported Op Rev of Rs 20.95 crore in Q4-2014, which was 2.6 per cent more than the Rs 20.41 crore in Q3-3014, but 21 per cent less than the Rs 26.52 crore in Q4-2013.

     

    Other income figures: FY-2014 Rs 10.04 crore (1.06 per cent of Op Rev); FY-2013 Rs 10.30 crore (8.34 per cent of Op Rev); Q4-2014 Rs 2.24 crore (10.7 per cent of Op Rev); Q3-2014 Rs 2.36 crore (11.5 per cent of Op Rev) and Q4-2013 Rs 1.66 crore (6.3 per cent of Op Rev).

     

    Sahara One’s Total Expense (Tot Exp) in FY-2014 at Rs 98.68 crore (108 per cent of Op Rev) in FY-2014 was 26.6 per cent less than the Rs 134.48 crore (110 per cent of Op Rev) in FY-2014. Tot Exp in Q4-2014 at Rs 23.54 crore (112.4 per cent of Op Rev) was 3.8 per cent more than the Rs 22.67 crore (111.1 per cent of Op Rev) in Q3-2014 and 17.8 per cent less than the Rs 28.63 crore (108 per cent of Op Rev) in Q4-2013.

     

    Content cost is a major expense head for Sahara One. The company paid Rs 84.49 crore (93.5 per cent of Op Rev) towards purchase of content (content cost) in FY-2014, which was 28.9 per cent less than the Rs 102.27 crore (98.4 per cent of Op Rev) in FY-2014. Sahara One paid Rs 17.2 crore (112.4 per cent of Op Rev) towards content cost in Q4-2014, which was 40.8 per cent lower than the Rs 29.06 crore (142.4 per cent of Op Rev) in Q3-2014 and 35.2 per cent less than the Rs 26.53 crore (100 per cent of Op Rev) in Q4-2013.

     

    The company’s trade payables, trade receivables and inventory numbers have all gone up in FY-2014 as compared to FY-2013. Here are the figures: Trade Payables – FY-2014 at Rs 41.02 crore (44.9 per cent of Op Rev) which was 17.9 per cent more than the Rs 34.78 crore (28.4 per cent of Op Rev) in FY-2013; Trade receivables – FY-2014 at Rs 78.89 crore (81.9 per cent of Op Rev) which was 2.06 times (more than double) the Rs 36.31 crore (29.7 per cent of Op Rev) in FY-2013. Inventories – FY-2014 at Rs 50.26 crore (55 per cent of Op Rev) which was 18.5 per cent more than the Rs 43.41 crore (34.7 per cent of Op Rev) in FY-2013.

     

    Here are the segment numbers: Television segment: FY-2014 revenue Rs 95.83 crore, segment result operating profit Rs 12.62 crore : FY-2013 revenue Rs 135.04 crore, segment result operating profit of Rs 8.01 crore.

     

    Motion Pictures: FY-2014 revenue Rs 0.01 crore, segment result loss of Rs 0.73 crore: FY-2013 revenue Rs 0.15 crore, segment result loss of Rs 1.88 crore.

     

    Unallocated: FY-2014 unallocated revenue Rs 6.58 crore, result -unallocated loss Rs 4.53 crore; FY-2014 unallocated revenue Rs 7.38 crore, result- unallocated loss of Rs 2.64 crore.

  • FY-2014: Sea TV reports loss of Rs 6.82 crore

    FY-2014: Sea TV reports loss of Rs 6.82 crore

    BENGALURU: Sea TV Network Ltd, (Sea TV) an MSO and a media and entertainment house of Uttar Pradesh & Uttrakhand reported loss of Rs 6.82 crore in FY-2014 as compared to a profit of Rs 1.29 crore in FY-2013. Though the company incurred a 35.3 per cent drop in EBIDTA as compared to last year, it was still EBIDTA positive at Rs 2.79 (14.3 per cent of Total Income or Tot Inc) crore in FY-2014 as compared to the Rs 4.32 crore (20.3 per cent of Tot Inc) in FY-2013

     

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

     

    (2) Annual figures are on a consolidated basis, quarterly figures are standalone.

     

    The company reported 11.4 per cent lower Tot Inc in FY-2014 at Rs 18.82 crore as compared to the Rs 21.24 crore in FY-2013. Tot Inc in Q4-2014 at Rs 4.71 crore was 12.8 per cent more than the Rs 4.17 crore in the immediate trailing quarter and 15.5 per cent more than the Rs 4.05 crore in the year ago quarter Q4-2013.

     

    Sea TV incurred Total Expense (Tot Exp) of Rs 20.73 crore (110.2 per cent of Tot Inc) in FY-2014 which was 11.8 per cent more than the Rs 18.55 crore (87.3 per cent of Tot Inc) in FY-2013. During Q4-2014, the company’s Tot Exp at Rs 4.7 crore (99.8 per cent of Tot Inc) was 3.9 per cent more than the Rs 4.52 crore (108.3 per cent of Tot Inc) of Q3-2014 and 38.3 per cent more than the Rs 3.40 crore (83.4 per cent of Tot Inc) in Q4-2013.

     

    A major portion of Sea TV’s expenditure is Pay Channel Charges (PCC). In FY-2014, PCC at Rs 5.56 crore (29.6 per cent of Tot Inc) was 28.6 per cent more than the Rs 43.3 crore (20.4 per cent of Tot Inc) in FY-2013. PCC in Q4-2014 at Rs 1.41 crore (30 per cent of Tot Inc) was 14.6 per cent lower than the Rs 1.65 crore (39.6 per cent of Tot Inc) in Q3-2014 and 1.5 per cent higher than the Rs 1.39 crore (34.1 per cent of Tot Inc) in Q4-2013.

     

    EBIDTA for Q4-2014 at Rs 1.2 crore (25.5 per cent of Tot Inc) was 40.5 per cent more than the Rs 0.86 crore (20.5 per cent of Tot Inc) in Q3-2014 and 7.4 per cent more than the Rs 1.12 crore (27.5 per cent of Tot inc) in Q4-2013.

     

    The company’s interest cost increased by more than fivefold (5.78 times) to Rs 3.98 crore (21.1 per cent of Tot Inc) in FY-2014 from Rs 0.89 crore (3.2 per cent of Tot Inc) in FY-2013. Interest cost in Q4-2014 at Rs 1.44 crore (30.5 per cent of Tot Inc) was 13 per cent more than the Rs1.27  crore (30.4 per cent of Tot Inc) in Q3-2014 and almost seven times (6.8 times) the Rs 0.21 crore (5.2 per cent of Tot Inc) in Q4-2013.

     

    The company’s result for the three quarters: Q4-2014 – loss of Rs 1.7 crore: Q3-2014 – loss of Rs 1.78 crore: Q4-2014 – Profit of Rs 0.32 crore.

     

    Sea TV claims to own a number of media establishments. Through its subsidiary Sea News Network, it runs a 24×7 news satellite channel SEA NEWS UP/UK, primarily having an eye over the happenings of Uttar Pradesh and Uttarakhand. Through its another subsidiary Sea Print Media & Publications, it operates its first venture in print media, Hindi Daily ‘The Sea Express’. In addition to it, through its third subsidiary Jain Telemedia Services, the company operates another satellite channel focusing on Jainism – ‘Jinvani’. Besides, it says that it has been serving news and entertainment content to as many as 3.75 lakh households of Agra for past nine years through its MSO (Multi-System Operators) service.

     

    Click here for the full report