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Tag: EBIDTA

  • DB Corp and its radio business report good performance in Q2-2014, H1-2014

    DB Corp and its radio business report good performance in Q2-2014, H1-2014

    BENGALURU: DB Corp Limited (DBCL), home to flagship newspapers Dainik Bhaskar, Divya Bhaskar, Dainik Divya Marathi and Saurashtra Samachar reported a good result for Q2-2014 and (Half Yearly) HY1-2014. Its total revenue has shown a growth of approximately 16 per cent y-o-y to Rs 441.8 crore in Q2-2014 against Rs 382.3 crore of Q2-2013. However, its income from operations in Q2-2014 at Rs 434.07 crore was 2.7 per cent lower that the Rs 446.15 crore in the preceding quarter Q1-2014.  

     

    Consolidated total revenue for HY1-2014 increased by 17 per cent to Rs 895.8 crore from Rs 763.8 crore in HY1-2013; Consolidated advertising revenue grew by 19 per cent in HY1-2014 to Rs 674.4 crore as against Rs 568.8 crore in HY1-2013.

     

    DBCL achieved consolidated EBIDTA margin of 28 per cent in HY1-2014 at Rs 248.9 crore registering a y-o-y growth of 44 per cent. Consolidated PAT margin at 15 per cent at Rs 13.63 crore registered a growth of 48 per cent on y-o-y basis.

     

    DB Corp’s radio business comprises of the brand “My FM” Radio station in seven states and 17 cities. Like last quarter (Q1-2104), it’s radio business advertising revenue which contributed to less than four per cent to the overall revenue, grew by 14 per cent to Rs 17.5 crore in Q2-2014, against Rs 15.4 crore in Q2 -2013. Last quarter (Q1-2014), its radio business reported advertising revenue of Rs17.3 crore. DB Corp’s radio business in Q2-2014 achieved PAT of Rs 1.9 crore, lower by 21 per cent than the PAT reported for the immediate last quarter’s (Q1-2014) Rs 2.4 crore. Its radio business EBIDTA stands at Rs 5.6 crore in Q2-2014.

     

     Let us take a look the other Q2-2014 results of DB Corp

     

    Overall, revenue from advertising reported a growth of about 17 per cent in Q2-2014 to Rs 329.7 from Rs 282.6 crore in Q2-2013. Its advertising revenue for Q2-2014 was about 4.4 per cent lower than the Rs 344.7 crore reported in the preceding quarter Q1-2014.

     

    DBCL’s total expense for Q2-2014 at Rs 340.3 crore was 13.2 per cent more than the Rs 300.6 crore for Q2-2013 and 4.4 per cent higher than Rs 325.91 crore for Q1-2014. Increase in raw material cost and other expense were the major reasons for the increase in DBCL’s expense. Higher raw material consumption cost at Rs 150.36 crore in Q2-2014 was higher by 13.4 per cent as compared to Rs 132.54 crore in Q2-2013 and 5.1 per cent higher than Rs 143.06 crore in Q1-2014. Other expense at Rs 102.5 crore 17.8 per cent higher than the Rs 87 crore for Q2-2013 and was five per cent higher than Rs 97.7 crore in Q1-2014.

     

    DBCL reported EBIDTA for Q2-2014 at Rs 111.6 crore (margin at 25 per cent), against Rs 90.1 crore, in Q2 -2013, registering a growth of 24 per cent y-o-y. The company says that this factors one time preoperative expenses of Rs 2 crore on the launch of Akola, Amravati in Maharashtra and Patna in Bihar and impact of forex (foreign exchange) loss of Rs 4.763 crore. Excluding the forex gain/ loss, EBIDTA has grown 36 per cent y-o-y from Rs 85.3 crore to Rs 116.3 crore. DBCL’s EBIDTA margins stand at 26 per cent on a stand-alone basis at Rs 113.4 crore.

     

    The company reported PAT for Q2-2014 at Rs 60.2 crore against Rs 48.6 crore in Q2-2013, showing growth of 24 per cent y-o-y. The same factors one-time pre-operative expenses of Rs 2 crore for Akola-Amravati and Patna launch as well as forex loss of Rs 5.712 crore. Excluding forex gain/loss, PAT has grown 50 per cent y-o-y from Rs 43.9 crore to Rs 65.9 crore.

     

    Its Print business reported PAT at Rs 60.2 crore (14.3 per cent PAT margin), after considering forex loss of Rs 5.79 crore.

     

    DB Corp managing director Sudhir Agarwal said: “We maintain our brand equity and leadership position in all our major markets and have made noteworthy progress in our performance in emerging editions particularly in Maharashtra where we have been vigorously driving in-market execution. We continue to actively explore expansion opportunities, as this quarter we launched our 7th edition of Divya Marathi from Amravati – a region with significant potential – high literacy rate and a rapidly developing workforce. We are excited and look forward to another challenging launch of Dainik Bhaskar’s Patna edition, which is on the anvil for this fiscal. Our digital platforms have been reporting consistent growth driven by strong viewer engagement strategies.”

     

    “In the context of a variable economic operating environment, it has been our compelling focus on operational fundamentals that have guided us to consistently report healthy performance. We are of the view that the GDP growth seems to have bottomed out and in light of various steps taken to sharpen our execution strengths, DBCL continues to be well placed to capitalise on the consumption potential of the Tier 2 and 3 cities as we look towards an improved domestic economic environment,” he added.

  • Balaji Telefilms Q1-2014 revenue more than doubles Q1-2013, Q4-2013

    BENGALURU: The blue-eyed entity of the Indian media and entertainment industry, Balaji Telefilms Limited (BTL) reported consolidated revenue of Rs 84.03 crore for Q1-2014, more than double (up by 131 per cent) the revenue of Rs 36.37 crore in Q1-2013. BTL’s Q1-2014 consolidated revenue was also more than double (up by 117 per cent) the revenue of Rs 38.71 crore for Q4-2013.

    Let us take a look at BTL’s other figures for Q1-2014

    Despite a negative EBIDTA of Rs 5.02 crore, BTL’s other income of Rs 12.86 crore resulted in a PAT of Rs 3.62 crore for Q1-2014, almost triple (up by 179 per cent) the PAT of Rs 1.39 crore for Q1-2013, and more than sixfold the Rs 0.5143 crore PAT in Q4-2013. BTL’s EBIDTA for Q1-2013 was Rs 0.1861 crore for Q1-2013 and a negative EBIDTA of Rs (-4.5) crore for Q4-2013.

    The company attributes the EBDITA loss in Q1-2014 of Rs 5.02 crore to discontinuance of television serials and deferment of non-theatrical revenues.

    BTL’s expenditure towards marketing and distribution of television serials and movies for Q1-2014 of Rs 80.22 crore was up by 163 per cent (more than double) the Rs 38.56 crore during Q1-2013 and was 134.4 per cent (again more than double) more than the Rs 34.22 crore in Q4-2013.

    BTL’s overhead expenditure for Q1-2014 at Rs 9.25 crore was 17 per cent more than the Rs 7.91 crore for Q1-2013, but 18.22 per cent lower than the Rs 11.31 crore in Q4-2014.

    Breakup of figures from Television, Balaji Motion Pictures Limited (BMPL) and Bolt Media Limited (Bolt) for Q1-2014

    Including other operating income, Television reported Rs 22.40 as total operating income for Q-2014, Rs 18.34 crore was spent towards production, acquisition marketing and distribution, staff cost, depreciation, and other expenses were Rs 7.12 crore, resulting in a loss from operations of Rs (-3.06) crore. Other Income of Rs 12.86 crore in Q1-2014 resulted in a PAT of Rs 7.43 crore.

    The company says that it had lower revenues from Television on account of discontinuance of two shows and it expects commissioned revenues to drive both volume and realisation.

    BMPL reported total operating income of Rs 61.67 crore for Q1-2014. Expenditure towards production, acquisition marketing and distribution was Rs 61.58 crore, staff cost, depreciation and other expenses were Rs 3.65 crore, resulting in a loss of Rs 3.57 crore for BMPL.

    The company says that actual BMPL EBDITA would be Rs 3.52 crore if marketing and distribution expense of Rs 7.02 crore for two upcoming movies Lootera and Once Upon Ay Time In Mumbai Dobaara is excluded.

    Bolt reported revenue of Rs 0.8289 crore for Q1-2014. Expenditure towards production, acquisition marketing and distribution was Rs 0.6691 crore and staff cost, depreciation and other expenses were Rs 0.3787 crore, resulting in a loss of Rs 0.219 crore from Bolt.

    Click here for Balaji Telefilms Limited – Financial Report Q1 FY-2014

    Click here for Balaji Telefilms Limited – Investor Presentation Q1
    FY-2014

  • Balaji Telefilms Q1-2014 revenue more than doubles Q1-2013, Q4-2013

    Balaji Telefilms Q1-2014 revenue more than doubles Q1-2013, Q4-2013

    BENGALURU: The blue-eyed entity of the Indian media and entertainment industry, Balaji Telefilms Limited (BTL) reported consolidated revenue of Rs 84.03 crore for Q1-2014, more than double (up by 131 per cent) the revenue of Rs 36.37 crore in Q1-2013. BTL’s Q1-2014 consolidated revenue was also more than double (up by 117 per cent) the revenue of Rs 38.71 crore for Q4-2013.

     

    Let us take a look at BTL’s other figures for Q1-2014

     

    Despite a negative EBIDTA of Rs 5.02 crore, BTL’s other income of Rs 12.86 crore resulted in a PAT of Rs 3.62 crore for Q1-2014, almost triple (up by 179 per cent) the PAT of Rs 1.39 crore for Q1-2013, and more than sixfold the Rs 0.5143 crore PAT in Q4-2013. BTL’s EBIDTA for Q1-2013 was Rs 0.1861 crore for Q1-2013 and a negative EBIDTA of Rs (-4.5) crore for Q4-2013.

     

    The company attributes the EBDITA loss in Q1-2014 of Rs 5.02 crore to discontinuance of television serials and deferment of non-theatrical revenues.

     

    BTL’s expenditure towards marketing and distribution of television serials and movies for Q1-2014 of Rs 80.22 crore was up by 163 per cent (more than double) the Rs 38.56 crore during Q1-2013 and was 134.4 per cent (again more than double) more than the Rs 34.22 crore in Q4-2013.

     

    BTL’s overhead expenditure for Q1-2014 at Rs 9.25 crore was 17 per cent more than the Rs 7.91 crore for Q1-2013, but 18.22 per cent lower than the Rs 11.31 crore in Q4-2014.

     

    Breakup of figures from Television, Balaji Motion Pictures Limited (BMPL) and Bolt Media Limited (Bolt) for Q1-2014

     

    Including other operating income, Television reported Rs 22.40 as total operating income for Q-2014, Rs 18.34 crore was spent towards production, acquisition marketing and distribution, staff cost, depreciation, and other expenses were Rs 7.12 crore, resulting in a loss from operations of Rs (-3.06) crore. Other Income of Rs 12.86 crore in Q1-2014 resulted in a PAT of Rs 7.43 crore.

     

    The company says that it had lower revenues from Television on account of discontinuance of two shows and it expects commissioned revenues to drive both volume and realisation.

     

    BMPL reported total operating income of Rs 61.67 crore for Q1-2014. Expenditure towards production, acquisition marketing and distribution was Rs 61.58 crore, staff cost, depreciation and other expenses were Rs 3.65 crore, resulting in a loss of Rs 3.57 crore for BMPL.

     

    The company says that actual BMPL EBDITA would be Rs 3.52 crore if marketing and distribution expense of Rs 7.02 crore for two upcoming movies Lootera and Once Upon Ay Time In Mumbai Dobaara is excluded.

     

    Bolt reported revenue of Rs 0.8289 crore for Q1-2014. Expenditure towards production, acquisition marketing and distribution was Rs 0.6691 crore and staff cost, depreciation and other expenses were Rs 0.3787 crore, resulting in a loss of Rs 0.219 crore from Bolt.

     

    Click here for Balaji Telefilms Limited – Financial Report Q1 FY-2014

     

    Click here for Balaji Telefilms Limited – Investor Presentation Q1
    FY-2014

  • IPL Franchise inflates revenues but erodes Sun TV profits for Q1-2014

    IPL Franchise inflates revenues but erodes Sun TV profits for Q1-2014

    BENGALURU: It‘s still early days yet considering the fact that the last Indian Premiere League‘s (IPL), sixth edition was the first one for the Sunrisers Hyderabad team, but the IPL venture did erode Rs 30.79 crore or about eight per cent of the Rs 384.44 crore EBIDTA reported by the Sun TV Network Limited (Sun TV) broadcasting business in Q1-2014.

    As stated above, excluding IPL, EBIDTA for Sun TV for Q1-2014 was Rs 384.44 crore, up 19 per cent as compared to EBIDTA reported for Q1-2013. Including the IPL negative EBIDTA, Q1-2014 EBIDTA was about 10 per cent higher at Rs 353.65 crore as compared to Rs 322.97 crore in Q1-2013.

    Let us take a look at the numbers reported by Sun TV Network Limited

    Sun TV‘s PBIDT (Profit before interest, depreciation and tax) for Q1-2014 grew by about nine per cent to Rs 367.04 crore from Rs 336.20 crore in Q1-2013. The network says that it‘s PAT (excluding IPL) at Rs 184.78 crore grew about 12 per cent.

    Sun TV reported revenues for Q1-2014 of Rs 601.85, including Rs 98.54 crore from IPL, a growth of 41 per cent over the Rs 425.25 crore for Q1-2013. Its broadcasting business grew 18 per cent in Q1-2014 to Rs 503.31 crore as compared to Q1-2013, and by 5.4 per cent as compared to the Rs 477.67 crore during Q4-2013.

    At the time of writing of this report, Sun TV has not filed the exact numbers of the break-up from the various revenue streams that contribute to its broadcasting business; it has indicated the growth percentages of the major revenue streams through a release.

    The network says that its advertisement revenue for Q1-2014 was up by approximately 15 per cent to Rs 279.73 crore.

    Sun TV says that its subscription revenues continue to maintain an uptrend with its cable TV business growing by approximately 38 per cent and its DTH subscription revenue growing by about 20 per cent in Q1-2014.

    Sun TV paid Rs 85.05 crore towards IPL franchise fees, subtracting these fees from its total expenses of Rs 365.59 crore for Q1-2014, the channel‘s expenses at Rs 280.54 crore jumped up 43.1 per cent as compared to Rs 196.05 per cent for Q1-2013 and were higher by 24.3 per cent as compared to the Rs 225.89 crore for Q4-2013.

    The network‘s ‘Other Expenses‘ for Q1-2014 more than trebled (up 261 per cent) to Rs 73.94 crore as compared to the Rs 20.50 crore for Q1-2013 and more than doubled (up 129.8 per cent) as compared to Q4-2014‘s Rs32.18 crore.

    At its meeting held on 2 August 2013, the board of directors of the company have declared an interim dividend of Rs 2.25 per share (45 per cent).

    Sun TV Network Ltd – Financial Report

    Sun TV Network Ltd – Financial Release

  • IPL Franchise inflates revenues but erodes Sun TV profits for Q1-2014

    IPL Franchise inflates revenues but erodes Sun TV profits for Q1-2014

    BENGALURU: It’s still early days yet considering the fact that the last Indian Premiere League’s (IPL), sixth edition was the first one for the Sunrisers Hyderabad team, but the IPL venture did erode Rs 30.79 crore or about eight per cent of the Rs 384.44 crore EBIDTA reported by the Sun TV Network Limited (Sun TV) broadcasting business in Q1-2014.

     

    As stated above, excluding IPL, EBIDTA for Sun TV for Q1-2014 was Rs 384.44 crore, up 19 per cent as compared to EBIDTA reported for Q1-2013. Including the IPL negative EBIDTA, Q1-2014 EBIDTA was about 10 per cent higher at Rs 353.65 crore as compared to Rs 322.97 crore in Q1-2013.

     

    Let us take a look at the numbers reported by Sun TV Network Limited

     

    Sun TV’s PBIDT (Profit before interest, depreciation and tax) for Q1-2014 grew by about nine per cent to Rs 367.04 crore from Rs 336.20 crore in Q1-2013. The network says that it’s PAT (excluding IPL) at Rs 184.78 crore grew about 12 per cent.

     

    Sun TV reported revenues for Q1-2014 of Rs 601.85, including Rs 98.54 crore from IPL, a growth of 41 per cent over the Rs 425.25 crore for Q1-2013. Its broadcasting business grew 18 per cent in Q1-2014 to Rs 503.31 crore as compared to Q1-2013, and by 5.4 per cent as compared to the Rs 477.67 crore during Q4-2013.

     

    At the time of writing of this report, Sun TV has not filed the exact numbers of the break-up from the various revenue streams that contribute to its broadcasting business; it has indicated the growth percentages of the major revenue streams through a release.

     

    The network says that its advertisement revenue for Q1-2014 was up by approximately 15 per cent to Rs 279.73 crore.

     

    Sun TV says that its subscription revenues continue to maintain an uptrend with its cable TV business growing by approximately 38 per cent and its DTH subscription revenue growing by about 20 per cent in Q1-2014.

     

    Sun TV paid Rs 85.05 crore towards IPL franchise fees, subtracting these fees from its total expenses of Rs 365.59 crore for Q1-2014, the channel’s expenses at Rs 280.54 crore jumped up 43.1 per cent as compared to Rs 196.05 per cent for Q1-2013 and were higher by 24.3 per cent as compared to the Rs 225.89 crore for Q4-2013.

     

    The network’s ‘Other Expenses’ for Q1-2014 more than trebled (up 261 per cent) to Rs 73.94 crore as compared to the Rs 20.50 crore for Q1-2013 and more than doubled (up 129.8 per cent) as compared to Q4-2014’s Rs32.18 crore.

     

    At its meeting held on 2 August 2013, the board of directors of the company have declared an interim dividend of Rs 2.25 per share (45 per cent).

  • Zee News Q2 net up at Rs 114.7 million

    Zee News Q2 net up at Rs 114.7 million

    MUMBAI: Zee News Limited (ZNL) has posted a consolidated net profit of Rs 114.7 million for the quarter ended 30 September, 2008, up 104.4 per cent from Rs 56.1 million in the previous year.

    During the period, the company’s revenue jumped 60 per cent to stand at Rs 1.27 billion as compared to Rs 798.1 million in the prior year.

    Advertisement revenue increased 60.8 per cent to Rs 1.01 billion while subscription revenue grew 56.2 per cent to stand at Rs 234 million.

    Zee Group chairman Subhash Chandra said, “In this time of a perceptible global economic slowdown and challenging macroeconomic environment during which investor confidence is certainly not at its peak, Zee News Limited has delivered excellent results in the second quarter of FY’09. The company has maintained its growth momentum and recorded a healthy 60 per cent increase in top line of Rs 1.27 billion. Consolidated EBIDTA stood at Rs 212 million, up 99.3 per cent. As per our guidance given, the Telugu channel has broken even in this quarter.”

    After launching the Tamil general entertainment channel on 12 October, ZNL plans to launch the Telugu news channel, Zee 24 Ghantalu, in November. Plans are also afoot to launch UP news channel Zee 24 Ghante. “In line with our vision of regional expansion, we may as well look for certain innovative strategic investments in the coming period,” Chandra added.

    Marathi movie channel Zee Talkies has been transferred to ZNL with effect from 1 August.

    Commenting on the results, ZNL MD Laxmi Narain Goel said: “The existing businesses continued to grow and recorded around 45 per cent growth in operating revenues while the same for new businesses was 226 per cent. Viewership too experienced an upward spiral with almost all the Zee News Limited channels experiencing a growth in channel share compared to the corresponding quarter last fiscal.”

    Added Zee News CEO Barun Das, “In our new businesses, both Zee Telugu and Zee Kannada are gaining traction in their respective markets and delivering growing revenues and GRPs. While Zee Telugu has broken even, Zee Kannada is strongly on the path to break even as per our previous guidance.”

  • Neo Sports targets Pan Asian expansion by mid 2007

    Neo Sports targets Pan Asian expansion by mid 2007

    MUMBAI: Neo Sports has announced the details of its Pan Asian expansion as part of its mission to be a Pan Asian cricket channel by the middle of 2007. These markets include the Middle East, Bangladesh, Hong Kong, New Zealand, Sri Lanka and Nepal. Shortly, the cricket dedicated channel will also commence broadcasting in Malaysia and Singapore.

    Neo Sports Broadcast Pvt Ltd CEO Shashi Kalathil said, “In barely three months of our commercial launch in India, we have succeeded in a comprehensive Pan Asian roll-out. Asia is a very important market for us as it is an amalgamation of cultures and nationalities with a huge Indian ethnic community.”

    The revenues from the Pan Asian operations of Neo Sports outside India, between subscription and advertising are expected to add up to approximately $ 26 million in 2007-2008 with an approximately 30 per cent EBIDTA margin, as incremental cost for international operations is relatively insignificant since the bulk of the costs are already absorbed in the Indian operations, informs an official release.

    Neo Sports was launched in Nepal through Pacific Traders on Cable and MMDS and has also partnered with the Pehla bouquet on the ADD platform in the Middle East, which is the pay TV platform management company in the Middle East, North Africa and Europe.

    Neo Sports has also been launched on Cable in Bangladesh via SAARC Media in January 2007 and in Sri Lanka through Sri Lanka Broadband Network. In March 2007 Neo Sports will commence broadcasting on Hong Kong’s Cable system I-Cable and via DTH on One Broadcast Ltd, in New Zealand.

    Neo Sports, which had its soft launch in October 2006 and its commercial launch in the first week of January 2007 in India, has secured platform partnerships across Asia, as part of its mission to be a Pan Asian cricket channel by the middle of 2007.