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Tag: EBIDTA

  • Videocon d2h continues top and bottom line increase in Q3-17

    Videocon d2h continues top and bottom line increase in Q3-17

    BENGALURU: Continuing the trend is has set in the previous two quarters, Videocon d2h reported a profit after tax (PAT) for the quarter ended 31 December 2016 (Q3-17, current quarter). The DTH major reported PAT of Rs 21.77 crore (2.8 percent margin) for the current quarter. It had reported PAT of Rs 6.32 crore (0.8 percent margin) for Q2-17, and Rs 2.66 crore (0.3 percent margin) for Q1-16. For the corresponding year ago quarter (Q3-17), the company had reported a loss of Rs 22.05 crore.

    Since the beginning of the current fiscal (1 April 2016 to 31 March 2017), Videocon d2h has started reporting numbers net of entertainment tax, hence like-to-like comparisons for Q3-17 and Q3-16 are not comparable. However, the company has mentioned a few adjusted matrices for ease of comparison in its investor presentation and release.

    Videocon d2h reported revenue from operations came in at Rs 777 crore in Q3-17. It says that on a like to like basis, revenue from operations would have been up 14.2 percent year-on-year (y-o-y) at Rs 835 crore if the company was to compute its revenue from operations for Q3-17 under its former accounting treatment

    The DTH major also reported 13.3 percent y-o-y growth in net subscriber numbers at 127.7 lakh for Q3-17 as compared to 112.70 lakh and a 2 percent quarter-over-quarter (q-o-q) growth from125.2 lakh. Monthly Average revenue per user (ARPU) in the current quarter came in lower at Rs 205 as compared to Rs 209 in the immediate trailing quarter.

    Subscriber matrices

    Subscriber acquisition cost (SAC) in Q2-17 was higher at Rs 1,924 as compared to Rs 1,869 in the immediate trailing quarter.

    Subscriber monthly churn in the current quarter was lower at 0.87 percent as compared to 0.95 percent in Q2-17. In Q3-16, it was slightly lower at 0.73 percent.

    DAS III and IV are sunshine periods for the television carriage industry. Activation revenues have been adding to the top lines and bottom lines of most of the players. Videocon d2h computed subscription and activation revenue in the current quarter was Rs 711.2 crore as compared to Rs 710.7 crore in the immediate trailing quarter.

    Let us look at some of the other metrics reported by Videocon d2h

    Adjusted EBIDTA grew 33.2 percent y-o-y to Rs 267 crore (35.4 percent margin) in Q3-17.

    Content cost margin came in at 39.6 percent of revenue in Q3-17 s compared to content costs margin in Q2-17 of 38.7 percent.

    Employee benefit expense in Q3-17 was 0.6 percent lower at Rs 30.21 crore as compared to Rs 30.41 crore in Q3-16 and 4.2 percent lower than Rs 31.5 crore in Q2-17.

    Net finance cost in Q3-17 was lower at Rs 65.31 crore, in Q2-17 was Rs 71.7 crore; in Q3-16 net finance cost was Rs 71.74 crore.

    Company speak

    Commenting on the results and company outlook, Videocon d2h executive chairman Saurabh Dhoot, said, “I am delighted to report that we have delivered a strong quarter, despite the moderation due to currency demonetisation, which temporarily affected consumer sentiments and consumption. Our adjusted EBITDA grew over 33% year on year, which clearly demonstrates the strength of our distribution and customer service network and above all our team’s strong execution. We are entering 2017 in a whole new mode and are excited about the business fundamentals and growth opportunities supported by our healthy balance sheet and growing free cash flows.”

    Speaking on the results, Videocon d2h CEO Anil Khera said, “I am happy to share that the digitization process has kick started once again as the Delhi High Court cleared all stay orders and ordered switch off of analogue signals in Phase III digitization areas by January 31, 2017. We remain excited about the significant Phase IV digitization opportunity, the new deadline for which is March 31, 2017.”

    Note: The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:

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

    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.

    Also Read:

    Powered by Shemaroo & PTC, Videocon d2h adds two VAS services

    The growth of DTH in India

    DTH adds 14 lakh active subscribers in Q2-17 as per TRAI data

  • Q3-17: Den Networks reports higher ARPUs, subscription revenue & operating profits

    Q3-17: Den Networks reports higher ARPUs, subscription revenue & operating profits

    BENGALURU: Following the 26.7 percent year-over-year (y-o-y) increase in the previous quarter, multiple-systems operator (MSO) Den Networks Limited (Den) reported 29.7 percent y-o-y increase in consolidated Total Income from operations (TIO) for the quarter ended December 31, 2016 (Q3-17, current quarter) as compared to the corresponding year ago quarter (Q3-16). The company also reported a 75.1 percent quarter-over quarter (q-o-q) increase in consolidated operating profit (EBIDTA) to Rs 50.34 crore (18.7 percent margin) from Rs 28.75 crore (10.6 percent margin) in the current quarter. In the corresponding year ago quarter Den had reported an operating loss (negative EBIDTA) of Rs 39.56 crore. Den’s TIO for the current quarter was Rs 298.83 crore as compared to Rs 230.39 crore in Q3-16. EBIDTA including other income was Rs 62.60 crore (22.3 percent margin of TIO) in Q3-17 as opposed to an operating loss (including other income) of Rs 27.03 crore in Q3-16.

    Further the company reported lower losses for the current quarter as compared to the corresponding year ago quarter. Net loss after tax (PAT) reduced to Rs 45.19 crore in Q3-17 as compared to a loss of Rs 87.39 crore in Q3-16. Total Comprehensive Income (TCI) improved to a negative Rs 44.39 crore in Q3-17 as compared a negative Rs 87.18 crore in Q3-16.

    Said DEN Networks CEO SN Sharma: “The company continues to improve on cable subscription billing on a quarter on quarter basis. ARPU (including taxes) for DAS 1, 2 and 3 markets stood at Rs 125, Rs. 95 and Rs. 64 per box respectively which reflects on improvement of 11 per cent , 6 per cent and 23 per cent respectively on Q-o-Q basis , with a strong collection efficiency at 95 per cent .”

    Sharma also announced that DEN has  achieved break even in the company’s broadband business for the full quarter despite telecom launches and freebies offered by the big players.

    Segment numbers

    The company has two operating segments that contribute to revenue for now– Cable Distribution Network (Cable) and Broadband (brand Boomband). Both segments reported improved operating numbers. Its third segment – the soccer segment has no revenue as of now. The segment has neither income nor result for the current quarter. That’s because the company is gradually exiting from the business and has divested almost 80 per cent of its equity in the team.

    Cable segment reported 35.4 percent growth in operating revenue in Q3-17 at Rs 277.36 crore as compared to Rs 204.84 crore in Q3-16. The segment’s operating loss in the current quarter improved significantly to Rs 11.68 crore as compared to higher operating loss of Rs 43.90 core in Q3-16 and an operating loss of Rs 31.22 crore in the immediate trailing quarter.

    Broadband segment revenue increased 82.6 in the current quarter to Rs 21.47 crore as compared to Rs 11.76 crore in Q3-16. The segment reported lower standalone operating loss in Q3-17 of Rs 7.22 crore as compared to an operating loss of Rs 19.77 crore in the corresponding year ago quarter.

    Let us look at the other numbers reported by Den

    Other Income in Q3-17 declined 2.2 percent to Rs 12.26 crore as compared to Rs 12.53 crore in Q3-16

    Total Expenditure in the current quarter was 0.8 percent lower at Rs 317.73 crore (118.2 percent of TIO) as compared Rs 320.17 crore (162.6 percent of TIO) in Q3-16.

    A major cost head for Den is Content Costs which increased 3.5 percent to Rs 119.28 crore (44.4 percent of TIO) in Q3-17 from Rs 115.27 crore (58.5 percent of TIO).

    Other Expenses reduced 26.9 percent in the current quarter to Rs 84.44 crore (31.4 percent of TIO) as compared to Rs 115.49 crore (58.7 percent of TIO) in Q3-16.

    Placement fees increased 2.9 percent in the current quarter to Rs 11.82 crore (4.4 percent of TIO) as compared to Rs 11.49 crore (5.8 percent of TIO) in the corresponding year ago quarter.

    Employee benefits expense in Q3-17 increased 17.3 percent to Rs 32.95 crore (12.3 percent of TIO) as compared to Rs 28.10 crore (14.3 percent of TIO) in Q3-16.

    Finance costs in the current quarter increased 9 percent to Rs 20.44 crore (7.6 percent of TIO) as compared to Rs 18.75 crore (9.5 percent of TIO) in Q3-16.

    Note: (1) All numbers mentioned in this report are standalone unless stated otherwiserigh.

    (2)The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:

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

    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.

  • Q3-17: Den Networks reports higher ARPUs, subscription revenue & operating profits

    Q3-17: Den Networks reports higher ARPUs, subscription revenue & operating profits

    BENGALURU: Following the 26.7 percent year-over-year (y-o-y) increase in the previous quarter, multiple-systems operator (MSO) Den Networks Limited (Den) reported 29.7 percent y-o-y increase in consolidated Total Income from operations (TIO) for the quarter ended December 31, 2016 (Q3-17, current quarter) as compared to the corresponding year ago quarter (Q3-16). The company also reported a 75.1 percent quarter-over quarter (q-o-q) increase in consolidated operating profit (EBIDTA) to Rs 50.34 crore (18.7 percent margin) from Rs 28.75 crore (10.6 percent margin) in the current quarter. In the corresponding year ago quarter Den had reported an operating loss (negative EBIDTA) of Rs 39.56 crore. Den’s TIO for the current quarter was Rs 298.83 crore as compared to Rs 230.39 crore in Q3-16. EBIDTA including other income was Rs 62.60 crore (22.3 percent margin of TIO) in Q3-17 as opposed to an operating loss (including other income) of Rs 27.03 crore in Q3-16.

    Further the company reported lower losses for the current quarter as compared to the corresponding year ago quarter. Net loss after tax (PAT) reduced to Rs 45.19 crore in Q3-17 as compared to a loss of Rs 87.39 crore in Q3-16. Total Comprehensive Income (TCI) improved to a negative Rs 44.39 crore in Q3-17 as compared a negative Rs 87.18 crore in Q3-16.

    Said DEN Networks CEO SN Sharma: “The company continues to improve on cable subscription billing on a quarter on quarter basis. ARPU (including taxes) for DAS 1, 2 and 3 markets stood at Rs 125, Rs. 95 and Rs. 64 per box respectively which reflects on improvement of 11 per cent , 6 per cent and 23 per cent respectively on Q-o-Q basis , with a strong collection efficiency at 95 per cent .”

    Sharma also announced that DEN has  achieved break even in the company’s broadband business for the full quarter despite telecom launches and freebies offered by the big players.

    Segment numbers

    The company has two operating segments that contribute to revenue for now– Cable Distribution Network (Cable) and Broadband (brand Boomband). Both segments reported improved operating numbers. Its third segment – the soccer segment has no revenue as of now. The segment has neither income nor result for the current quarter. That’s because the company is gradually exiting from the business and has divested almost 80 per cent of its equity in the team.

    Cable segment reported 35.4 percent growth in operating revenue in Q3-17 at Rs 277.36 crore as compared to Rs 204.84 crore in Q3-16. The segment’s operating loss in the current quarter improved significantly to Rs 11.68 crore as compared to higher operating loss of Rs 43.90 core in Q3-16 and an operating loss of Rs 31.22 crore in the immediate trailing quarter.

    Broadband segment revenue increased 82.6 in the current quarter to Rs 21.47 crore as compared to Rs 11.76 crore in Q3-16. The segment reported lower standalone operating loss in Q3-17 of Rs 7.22 crore as compared to an operating loss of Rs 19.77 crore in the corresponding year ago quarter.

    Let us look at the other numbers reported by Den

    Other Income in Q3-17 declined 2.2 percent to Rs 12.26 crore as compared to Rs 12.53 crore in Q3-16

    Total Expenditure in the current quarter was 0.8 percent lower at Rs 317.73 crore (118.2 percent of TIO) as compared Rs 320.17 crore (162.6 percent of TIO) in Q3-16.

    A major cost head for Den is Content Costs which increased 3.5 percent to Rs 119.28 crore (44.4 percent of TIO) in Q3-17 from Rs 115.27 crore (58.5 percent of TIO).

    Other Expenses reduced 26.9 percent in the current quarter to Rs 84.44 crore (31.4 percent of TIO) as compared to Rs 115.49 crore (58.7 percent of TIO) in Q3-16.

    Placement fees increased 2.9 percent in the current quarter to Rs 11.82 crore (4.4 percent of TIO) as compared to Rs 11.49 crore (5.8 percent of TIO) in the corresponding year ago quarter.

    Employee benefits expense in Q3-17 increased 17.3 percent to Rs 32.95 crore (12.3 percent of TIO) as compared to Rs 28.10 crore (14.3 percent of TIO) in Q3-16.

    Finance costs in the current quarter increased 9 percent to Rs 20.44 crore (7.6 percent of TIO) as compared to Rs 18.75 crore (9.5 percent of TIO) in Q3-16.

    Note: (1) All numbers mentioned in this report are standalone unless stated otherwiserigh.

    (2)The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:

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

    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.

  • Den Networks consolidated numbers grow in Q2-17; tests OTT platform

    Den Networks consolidated numbers grow in Q2-17; tests OTT platform

    BENGALURU: Indian multi system operator (MSO) Den Networks Ltd (Den) Cable business segment consolidated total revenue (pre-activation) increased 18 percent in in the quarter ended 30 September 2016 (Q2-17, current quarter) to Rs 258 crore from Rs231 crore in Q2-16. The company reported consolidated EBIDTA of Rs 34 crore in Q2-17 as compared to Rs 1 crore in the corresponding year ago quarter.

    Consolidated net loss in Q2-17 more than halved to Rs 48 crore as compared to a loss of Rs 99 crore in Q2-16.

    Twomain segments currently contribute to Den’s revenue: Cable distribution network segment (Cable, Cable business) and Broadband internet segment (Boomband). It has two other segments – TV Commerce and soccer. Den says that its OTT platform is undergoing tests and will be launched soon. The company says further that it has divested another 25 percent of its soccer business.

    Cable segment

    Cable subscription revenue increased 31 percent y-o-y to Rs140 crore in Q2-17 from Rs115 crore in Q2-16. Cable activation revenue increased 17 percent y-o-y to Rs 32 crore from Rs 27 crore. Placement revenue declined 13 percent y-o-y to Rs86 crore from Rs98 crore.

    The company reported 101 lakh DAS subscribers, of which 51 lakh were from DAS phases III and IV for Q2-17. The company had 76 lakh digital subscribers in Q2-16.Den has a cable subscriber base of 1.3 crore.

    Broadband segment

    Den’s Broadband segment revenue more than doubled (2.6 times) in Q2-17 to Rs 21 crore from Rs 8 crore in Q2-16. Please refer to the figure below for Den’s revenue break-up for Q2-17 and Q2-16.

    The company says that it has added about 25,000 subscribers in the current quarter, hence bringing its broadband internet subscriber base to 140,000.

    Broadband segment’s operating loss (EBIDTA) in Q2-17 was lower at Rs 2 crore as compared to an operating loss of Rs 11 crore in Q2-16 and an operating loss of Rs 9 crore in the immediate trailing quarter.

    public://DEN.jpg

    Other numbers for Q2-17

    Den’s consolidated total expenditure in the current quarter declined 4 percent to Rs 244 crore from Rs 256 crore in Q2-16.

    Content costs are a major component of Den’s expenditure- Content costs in the current quarter declined 8 percent in the current quarter to Rs 118 crore from Rs 128 crore in the corresponding year ago quarter.

    Employee(Personnel) costs increased2 percent in the current quarter to Rs33 crore from Rs 34 crore in Q2-16. Other operating expenses in Q2-17 declined4 percent to Rs 84 crore from Rs88 crore.

    Note: (1.1) The above report is based on Den’s investor presentation for Q2-17.
    (1.2) All numbers mentioned are consolidated unless stated otherwise.
    (1.3)    The figures mentioned above have been rounded off and based on the numbers presented by Den in the public domain.
    (2) The numbers in this paper are as per Indian Accounting System. (Ind AS)
    (3) The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:
    (a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.
    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.

     

  • Den Networks consolidated numbers grow in Q2-17; tests OTT platform

    Den Networks consolidated numbers grow in Q2-17; tests OTT platform

    BENGALURU: Indian multi system operator (MSO) Den Networks Ltd (Den) Cable business segment consolidated total revenue (pre-activation) increased 18 percent in in the quarter ended 30 September 2016 (Q2-17, current quarter) to Rs 258 crore from Rs231 crore in Q2-16. The company reported consolidated EBIDTA of Rs 34 crore in Q2-17 as compared to Rs 1 crore in the corresponding year ago quarter.

    Consolidated net loss in Q2-17 more than halved to Rs 48 crore as compared to a loss of Rs 99 crore in Q2-16.

    Twomain segments currently contribute to Den’s revenue: Cable distribution network segment (Cable, Cable business) and Broadband internet segment (Boomband). It has two other segments – TV Commerce and soccer. Den says that its OTT platform is undergoing tests and will be launched soon. The company says further that it has divested another 25 percent of its soccer business.

    Cable segment

    Cable subscription revenue increased 31 percent y-o-y to Rs140 crore in Q2-17 from Rs115 crore in Q2-16. Cable activation revenue increased 17 percent y-o-y to Rs 32 crore from Rs 27 crore. Placement revenue declined 13 percent y-o-y to Rs86 crore from Rs98 crore.

    The company reported 101 lakh DAS subscribers, of which 51 lakh were from DAS phases III and IV for Q2-17. The company had 76 lakh digital subscribers in Q2-16.Den has a cable subscriber base of 1.3 crore.

    Broadband segment

    Den’s Broadband segment revenue more than doubled (2.6 times) in Q2-17 to Rs 21 crore from Rs 8 crore in Q2-16. Please refer to the figure below for Den’s revenue break-up for Q2-17 and Q2-16.

    The company says that it has added about 25,000 subscribers in the current quarter, hence bringing its broadband internet subscriber base to 140,000.

    Broadband segment’s operating loss (EBIDTA) in Q2-17 was lower at Rs 2 crore as compared to an operating loss of Rs 11 crore in Q2-16 and an operating loss of Rs 9 crore in the immediate trailing quarter.

    public://DEN.jpg

    Other numbers for Q2-17

    Den’s consolidated total expenditure in the current quarter declined 4 percent to Rs 244 crore from Rs 256 crore in Q2-16.

    Content costs are a major component of Den’s expenditure- Content costs in the current quarter declined 8 percent in the current quarter to Rs 118 crore from Rs 128 crore in the corresponding year ago quarter.

    Employee(Personnel) costs increased2 percent in the current quarter to Rs33 crore from Rs 34 crore in Q2-16. Other operating expenses in Q2-17 declined4 percent to Rs 84 crore from Rs88 crore.

    Note: (1.1) The above report is based on Den’s investor presentation for Q2-17.
    (1.2) All numbers mentioned are consolidated unless stated otherwise.
    (1.3)    The figures mentioned above have been rounded off and based on the numbers presented by Den in the public domain.
    (2) The numbers in this paper are as per Indian Accounting System. (Ind AS)
    (3) The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:
    (a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.
    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.

     

  • Q2-17: Den Networks reports higher revenue, operating profits

    Q2-17: Den Networks reports higher revenue, operating profits

    BENGALURU: Multiple-systems operator Den Networks Limited (Den) reported 26.7 percent increase in Total Income from operations (TIO) for the quarter ended September 30, 2016 (Q2-17, current quarter) as compared to the corresponding year ago quarter (Q2-16). The company also reported a consolidated operating profit (EBIDTA) of Rs 28.75 crore (10.6 percent margin) in the current quarter as opposed to an operating loss (negative EBIDTA) of Rs 39.80 crore. Den’s TIO for the current quarter was Rs 272.44 crore as compared to Rs 214.99 crore. EBIDTA including other income was Rs 36.24 crore (13.3 percent margin of IO) in Q2-17 as opposed to an operating loss (including other income) of Rs 27.14 crore in Q2-16.

    Further the company reported lower losses for the current quarter as compared to the corresponding year ago quarter. Net loss after tax (PAT) reduced to Rs 47.87 crore in Q2-17 as compared to a loss of Rs 83.11 crore in Q2-16. Total Comprehensive Income (TCI) improved to a negative Rs 48.43 crore in Q2-17 as compared a negative Rs 97.66 crore in Q2-16.

    Segment numbers

    The company has two operating segments that contribute to revenue for now– Cable Distribution Network (Cable) and Broadband (brand Boomband). Both segments reported improved operating numbers. Its third segment – the soccer segment has no revenue as of now, but is an expense head and had reported an operating loss of Rs 8.57 crore for Q2-16. The segment has neither income nor result for the current quarter,

    Cable segment reported 21.7 percent growth in operating revenue in Q2-17 at Rs 251.74 crore as compared to Rs 206.84 crore in Q2-16. The segment’s operating loss in the current quarter improved to Rs 31.22 crore as compared to higher operating loss of Rs 54.88 core in Q2-16.

    Broadband segment standalone revenue more than doubled (over 2.6 times) in the current quarter to Rs 20.70 crore as compared to Rs 8.05 crore in Q2-16. The segment reported lower standalone operating loss in Q2-17 of Rs 8 crore as compared to an operating loss of Rs 23.23 crore in the corresponding year ago quarter.

    The company’s soccer segment reported a net loss of Rs

    Let us look at the other numbers reported by Den

    Total Expenditure in the current quarter was 3.3 percent higher at Rs 311.66 crore (114.4 percent of TIO) as compared Rs 301.67 crore (140.3 percent of TIO) in Q2-16. As percentage of TIO, Total expenditure in the current quarter was lower as compared to Q2-16.

    A major cost head for Den is Content Costs which reduced by 7.7 percent to Rs 118.25 crore (43.4 percent of TIO) in Q2-17 from Rs 128.13 crore (59.6 percent of TIO).

    Other Expenses reduced 8 percent in the current quarter to Rs 78.62 crore (28.9 percent of TIO) as compared to Rs 85.46 crore (39.8 percent of TIO) in Q2-16.

    Placement fees more than doubled (increased 59.2 percent) in the current quarter to Rs 13.8 crore (5.1 percent of TIO) as compared to Rs 8.67 crore (4 percent of TIO) in the corresponding year ago quarter.

    Employee benefits expense in Q2-17 declined 1.5 percent to Rs 33.02 crore (12.1 percent of TIO) as compared to Rs 32.53 crore (15.1 percent of TIO) in Q2-16.

    Finance costs in the current quarter declined 36.2 percent to Rs 12.92 crore (4.7 percent of TIO) as compared to Rs 20.25 crore (9.4 percent of TIO) in Q2-16.

    Other Income in Q2-17 was less than half (declined 58.5 percent) to Rs 7.49 crore as compared to Rs 18.06 crore in Q2-16.

    Note: (1) All numbers mentioned in this report are standalone unless stated otherwiserigh.

    (2)The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:

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

    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.

     

  • Q2-17: Den Networks reports higher revenue, operating profits

    Q2-17: Den Networks reports higher revenue, operating profits

    BENGALURU: Multiple-systems operator Den Networks Limited (Den) reported 26.7 percent increase in Total Income from operations (TIO) for the quarter ended September 30, 2016 (Q2-17, current quarter) as compared to the corresponding year ago quarter (Q2-16). The company also reported a consolidated operating profit (EBIDTA) of Rs 28.75 crore (10.6 percent margin) in the current quarter as opposed to an operating loss (negative EBIDTA) of Rs 39.80 crore. Den’s TIO for the current quarter was Rs 272.44 crore as compared to Rs 214.99 crore. EBIDTA including other income was Rs 36.24 crore (13.3 percent margin of IO) in Q2-17 as opposed to an operating loss (including other income) of Rs 27.14 crore in Q2-16.

    Further the company reported lower losses for the current quarter as compared to the corresponding year ago quarter. Net loss after tax (PAT) reduced to Rs 47.87 crore in Q2-17 as compared to a loss of Rs 83.11 crore in Q2-16. Total Comprehensive Income (TCI) improved to a negative Rs 48.43 crore in Q2-17 as compared a negative Rs 97.66 crore in Q2-16.

    Segment numbers

    The company has two operating segments that contribute to revenue for now– Cable Distribution Network (Cable) and Broadband (brand Boomband). Both segments reported improved operating numbers. Its third segment – the soccer segment has no revenue as of now, but is an expense head and had reported an operating loss of Rs 8.57 crore for Q2-16. The segment has neither income nor result for the current quarter,

    Cable segment reported 21.7 percent growth in operating revenue in Q2-17 at Rs 251.74 crore as compared to Rs 206.84 crore in Q2-16. The segment’s operating loss in the current quarter improved to Rs 31.22 crore as compared to higher operating loss of Rs 54.88 core in Q2-16.

    Broadband segment standalone revenue more than doubled (over 2.6 times) in the current quarter to Rs 20.70 crore as compared to Rs 8.05 crore in Q2-16. The segment reported lower standalone operating loss in Q2-17 of Rs 8 crore as compared to an operating loss of Rs 23.23 crore in the corresponding year ago quarter.

    The company’s soccer segment reported a net loss of Rs

    Let us look at the other numbers reported by Den

    Total Expenditure in the current quarter was 3.3 percent higher at Rs 311.66 crore (114.4 percent of TIO) as compared Rs 301.67 crore (140.3 percent of TIO) in Q2-16. As percentage of TIO, Total expenditure in the current quarter was lower as compared to Q2-16.

    A major cost head for Den is Content Costs which reduced by 7.7 percent to Rs 118.25 crore (43.4 percent of TIO) in Q2-17 from Rs 128.13 crore (59.6 percent of TIO).

    Other Expenses reduced 8 percent in the current quarter to Rs 78.62 crore (28.9 percent of TIO) as compared to Rs 85.46 crore (39.8 percent of TIO) in Q2-16.

    Placement fees more than doubled (increased 59.2 percent) in the current quarter to Rs 13.8 crore (5.1 percent of TIO) as compared to Rs 8.67 crore (4 percent of TIO) in the corresponding year ago quarter.

    Employee benefits expense in Q2-17 declined 1.5 percent to Rs 33.02 crore (12.1 percent of TIO) as compared to Rs 32.53 crore (15.1 percent of TIO) in Q2-16.

    Finance costs in the current quarter declined 36.2 percent to Rs 12.92 crore (4.7 percent of TIO) as compared to Rs 20.25 crore (9.4 percent of TIO) in Q2-16.

    Other Income in Q2-17 was less than half (declined 58.5 percent) to Rs 7.49 crore as compared to Rs 18.06 crore in Q2-16.

    Note: (1) All numbers mentioned in this report are standalone unless stated otherwiserigh.

    (2)The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:

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

    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.

     

  • Q2-17: TV Today Network topline up

    Q2-17: TV Today Network topline up

    BENGALURU: TV Today Network Limited (TVTN) reported 5.1 per cent increase in standalone revenue (TIO) for the quarter ended 30 September 2016 (Q2-17, current quarter) as compared to the corresponding quarter of the previous year (Q2-16). Standalone profit after tax (PAT) however declined 4.1 per cent in the current quarter as compared to Q2-16. TVYN reported TIO and PAT of Rs 132.27 crore and Rs 22.57 crore (17.1 per cent margin) in Q2-17 as compared to Rs 125.81 crore and Rs 23.52 crore (18.7 per cent margin) respectively.

    EBIDTA for the current quarter declined 2.4 per cent to Rs 36.92 crore (27.9 per cent margin) as compared to the Rs 37.83 crore (30.1 per cent margin) in the corresponding year ago quarter.

    Segment results

    The company has two main segments – Television broadcasting (TV) and Radio broadcasting (Radio) – it currently three runs radio stations under the brand Oye FM 104.8 at New Delhi, Mumbai and Kolkata. The company has been partially successful in selling off a few of its radio stations to Entertainment Network India Limited (ENIL, Radio Mirchi) and has also recently signed on ENIL on to hawk ads for its three remaining stations. Probably, the results of this association will start showing over the next few quarters.

    TVTN’s TV segment reported 6.3 per cent year-over-year (y-o-y) growth in operating revenue to Rs 130.93 crore in Q2-17 as compared to Rs 123.20 crore in Q2-16. The segment reported 7.8 per cent lower operating profit of Rs 33.76 crore in the current quarter as compared to Rs 36.64 crore in the corresponding year ago quarter.

    TVTN’s Radio segment reported 48.8 per cent decline in operating revenue at Rs 1.34 crore in Q2-17 as compared to Rs 2.61 crore in the corresponding year ago quarter. The segment reported a lower operating loss of Rs 3.15 crore in the current quarter as compared to an operating loss of Rs 5.51 crore in Q2-16.

    Let us look at the other numbers reported for Q2-17

    Total expenditure in the current quarter increased 7.3 per cent to Rs 102.65 crore (77.6 per cent of TIO) as compared to Rs 95.68 crore (76.1 per cent of TIO) in Q2-16.

    Production cost reduced 3.3 per cent y-o-y in Q2-17 to Rs 13.31 crore (10.1 per cent of TIO) as compared to Rs 13.62 crore (10.8 per cent of TIO) in Q2-16. Employee Benefit Expense in the current quarter increased 3.9 per cent y-o-y to Rs 34.46 crore (26 per cent of TIO) as compared to Rs 33/18 crore (26.4 per cent of TIO).

    Advertisement expense in Q2-17 increased 3.16 per cent to Rs 30.97 crore (23.4 per cent of TIO) from Rs 23.53 crore (18.7 per cent of TIO) in Q2-16.

    Note: The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:
    (a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.
    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.

  • Q2-17: TV Today Network topline up

    Q2-17: TV Today Network topline up

    BENGALURU: TV Today Network Limited (TVTN) reported 5.1 per cent increase in standalone revenue (TIO) for the quarter ended 30 September 2016 (Q2-17, current quarter) as compared to the corresponding quarter of the previous year (Q2-16). Standalone profit after tax (PAT) however declined 4.1 per cent in the current quarter as compared to Q2-16. TVYN reported TIO and PAT of Rs 132.27 crore and Rs 22.57 crore (17.1 per cent margin) in Q2-17 as compared to Rs 125.81 crore and Rs 23.52 crore (18.7 per cent margin) respectively.

    EBIDTA for the current quarter declined 2.4 per cent to Rs 36.92 crore (27.9 per cent margin) as compared to the Rs 37.83 crore (30.1 per cent margin) in the corresponding year ago quarter.

    Segment results

    The company has two main segments – Television broadcasting (TV) and Radio broadcasting (Radio) – it currently three runs radio stations under the brand Oye FM 104.8 at New Delhi, Mumbai and Kolkata. The company has been partially successful in selling off a few of its radio stations to Entertainment Network India Limited (ENIL, Radio Mirchi) and has also recently signed on ENIL on to hawk ads for its three remaining stations. Probably, the results of this association will start showing over the next few quarters.

    TVTN’s TV segment reported 6.3 per cent year-over-year (y-o-y) growth in operating revenue to Rs 130.93 crore in Q2-17 as compared to Rs 123.20 crore in Q2-16. The segment reported 7.8 per cent lower operating profit of Rs 33.76 crore in the current quarter as compared to Rs 36.64 crore in the corresponding year ago quarter.

    TVTN’s Radio segment reported 48.8 per cent decline in operating revenue at Rs 1.34 crore in Q2-17 as compared to Rs 2.61 crore in the corresponding year ago quarter. The segment reported a lower operating loss of Rs 3.15 crore in the current quarter as compared to an operating loss of Rs 5.51 crore in Q2-16.

    Let us look at the other numbers reported for Q2-17

    Total expenditure in the current quarter increased 7.3 per cent to Rs 102.65 crore (77.6 per cent of TIO) as compared to Rs 95.68 crore (76.1 per cent of TIO) in Q2-16.

    Production cost reduced 3.3 per cent y-o-y in Q2-17 to Rs 13.31 crore (10.1 per cent of TIO) as compared to Rs 13.62 crore (10.8 per cent of TIO) in Q2-16. Employee Benefit Expense in the current quarter increased 3.9 per cent y-o-y to Rs 34.46 crore (26 per cent of TIO) as compared to Rs 33/18 crore (26.4 per cent of TIO).

    Advertisement expense in Q2-17 increased 3.16 per cent to Rs 30.97 crore (23.4 per cent of TIO) from Rs 23.53 crore (18.7 per cent of TIO) in Q2-16.

    Note: The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:
    (a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.
    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.

  • Hathway Q2-17 revenue and EBIDTA up; adds 1 lakh broadband subs

    Hathway Q2-17 revenue and EBIDTA up; adds 1 lakh broadband subs

    BENGALURU: Indian multi system operator (MSO) Hathway Cable and Datacom Limited (Hathway) reported 18.8 per cent growth in Total Income from operations (TIO) and 11.9 percent growth in operating profits (EBIDTA) for the quarter ended 30 September 2016 (Q2-17, current quarter). The company reported TIO of Rs 321.07 crore in Q2-17 as compared to Rs 270.35 crore in the corresponding quarter of the previous year.

    The company’s EBDITA including other income in the current quarter was Rs 54.9 crore (17 percent EBIDTA margin) and was Rs 49.05 crore (17.9 percent EBIDTA margin) in Q2-16. The company’s loss in the current quarter increased to Rs 40.45 crore from a loss of Rs 31.99 crore in Q2-16.

    High growth in Cable subscription revenue, Activation fees and Broadband revenue are chiefly responsible for the improved performance says the company. The company’s broadband segment has been performing very well, as a matter of fact, among the national level MSOs’ Hathway has the highest subscription and revenue numbers among all of them. Within Hathway, in Q2-17, Broadband subscription had the highest contribution to revenue, even more than Cable TV subscription revenue

    Hathway’s broadband subscriber base increased to 8 lakh in Q2-17 from 7 lakh in the immediate trailing quarter. Consolidated broadband revenue in the current quarter as per IND AS increased 67 percent to Rs 120.3 crore from Rs 71.9 crore in the previous year. Broadband ARPU in the current quarter increased to Rs 643 from Rs 616 in the corresponding quarter of the previous year, but declined from Rs 670 in the immediate trailing quarter.

    Consolidated reported CATV subscription revenue as per IND AS in the current quarter increased 12 percent to Rs 120.2 crore from Rs 107.5 crore in Q2-16 Hathway says that it has achieved a milestone of deployed 18 lakh STBs, of which 8 lakh STBs were deployed in Phase III & IV areas during Q1- 17. The company says that it has now digitized 92 percent of its cable TV universe. CATV ARPU in DAS Phase I increased to Rs 105 from Rs 100 in the corresponding year ago quarter.CATV ARPU in Phase II areas increased to Rs 90 from Rs 80 in Q2-16. ARPU from phase III areas was Rs 30.

    Placement revenue as per IND AS in the current quarter declined 23 percent to Rs 65.4 crore from Rs 84.8 crore in Q2-16.
    Activation revenue as per IND AS increased 37 percent y-o-y in Q2-17 to Rs 20.2 crore from Rs 14.7 crore in Q2-16.
    Other revenue as per IND AS declined 5 percent in Q2-17 to Rs 4.8 crore from Rs 5.1 in Q2-16.

    Hathway’s Standalone Total Expenditure in Q2-17 increased 19 percent to Rs 340.49 crore (99.6 percent of TIO) from Rs 286.19 crore (105.9 percent of TIO) in the previous year.

    Standalone Pay channel cost in the current quarter increased 22.3 percent to Rs 104.31 crore (32.2 percent of TIO) from Rs 85.56 crore (31.3 percent of TIO) in FY-15. Standalone Employee Benefit expense in Q2-17 increased 46.9 percent y-o-y to Rs 23.53 crore from Rs 16.02 crore.

    Note: The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:

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

    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.