ITV

Tag: ESOP

  • TV 18 Q4 consolidated revenue up at Rs 803 million

    MUMBAI: TV 18 has posted a strong revenue growth in business news at Rs 718.89 million for the fourth quarter ended 31 March 2007, up 48 per cent year-on-year.

    Profit after tax and ESOP charge out stood at Rs 230.92 million, up from Rs 170.16 million a year ago. Net outflow on revenue share with CNBC for the quarter was at Rs 26.70 million.

    Revenue from internet and other operations was at Rs 84.90 million as against Rs 48.59 million a year ago. Net loss was at Rs 36.30 as against a net profit of Rs 20.02 million during this period. This is because Web 18 is in investment mode.

    TV 18’s consolidated revenue was at Rs 803.79 million, up from Rs 535.10 million.

    Says TV 18 managing director Raghav Bahl, “We are extremely happy with this quarter’s performance. Our channels are maintaining their pole position in the business news space and we continue to increase the width and depth of our offering via Newswire 18. Web 18 continues to show impressive revenue growth and has entered investment mode as we scale up our ambitions on the internet.”

    TV 18 scrip rose Rs 3.71 per cent on the BSE to end Monday’s trading at Rs 755.10.

  • Raj TV Network plans to raise Rs 1 bn through IPO

    Raj TV Network plans to raise Rs 1 bn through IPO

    MUMBAI: Raj Television Network plans to raise Rs 1 billion through its initial public offering (IPO). The issue proceeds will be used for launching a niche youth channel, producing telefilms, distribution of TV channels in overseas markets, creating a studio facility, strengthening existing content, and exporting films.

    Post-IPO, the promoters’ holding will drop from 100 per cent to 72.5 per cent. The IPO will consist of a fresh issue of 22,70,700 shares (15 per cent) and an offer for sale of 12,97,550 shares (10 per cent). Raj TV Network is also reserving 2.5 per cent as ESOPs.

    “We expect to raise Rs 1 billion. The final value will, however, be determined through the book building process,” Raj TV Network senior vice president, corporate planning and strategy Sathya Prakash tells Indiantelevision.com.

    The company has earmarked Rs 106 million for launching a niche channel aimed at the youth while Rs 71.5 million will be for the studio and Rs 62.5 million towards telefilms. For beefing up content, Raj TV plans to spend Rs 90 million, Rs 50 million for export of films and Rs 37.5 million for distribution of TV channels in overseas markets.

    “We plan to produce five telefilms a year which could also be released on multiplexes. We will be launching our channels internationally. These channels will have a component of local content in each of the markets,” says Prakash.

    Raj Television Network has already filed the draft red herring prospectus with the Securities and Exchange Board of India (Sebi) to enter the capital market with an offer of 35,68,250 equity shares of face value of Rs 10 each. The book running lead manager to the issue is Vivro Financial Services (p).

    The company, which operates Tamil channels Raj TV and Raj Digital Plus, posted a revenue of Rs 320 million during 2005-06 fiscal and Rs 92 million for the first quarter ended 30 June 2006. Pay-TV revenue accounts for 30-35 per cent of the company’s total earnings, says Prakash.

  • Radio Mirchi Q2 net up 16% at Rs 49 million

    Radio Mirchi Q2 net up 16% at Rs 49 million

    MUMBAI: Entertainment Network India (ENIL),which manages the radio FM brand Radio Mirchi has posted a net profit of Rs 49.31 million for the quarter ended 30 September.

    According to an official release, the company has reported 16 per cent increase in net profit for the quarter. Net profit rose to Rs 49 million compared to Rs 43 million in the corresponding period last year.
    The company’s earnings before interest, depreciation, tax and amortisation (EBITDA) grew 17.6 per cent to Rs 99 million from Rs 84 million in the same quarter a year ago.

    On a like basis (comparing seven old stations only), EBITDA for the quarter stood at Rs 103 million, up 22.4 per cent year on year (YoY).

    Total income for the quarter recorded at Rs 424 million, while net sales (net sale indicates airtime sales) had been registered at Rs 411 million.

    The expenditure incurred amounting to Rs 325 million has been attributed to production expenses (Rs 24 million), license fees (Rs 21 million), marketing expenses (Rs 130 million), administration & other expenses (RsS 72 million) and employee cost (Rs 79 million).

    The company had introduced Employees Stock Option Scheme (ESOP) for its future and existing permanent employees and directors and future and existing permanent employees and directors of its subsidiary company and holding company.

    Quoting the data based on Indian Listenership Track (ILT – Wave 9), an independent research conducted by MRUC, for the period July- September ’06, the company states, “Radio Mirchi enjoyed the highest listenership of 4.46 million in Delhi out of a total listenership of 6.02 million listeners, comfortably ahead of the competition.”

    In Mumbai too, Radio Mirchi dominated listenership with 2.21 million out of a total of 4.98 million listeners. Commenting on the performance of the company ENIL CEO & MD AP Parigi said, “We continue to focus on building listenership through sustained innovations in marketing and programming as the latest listenership numbers in Delhi and Mumbai indicate. We are confident of magnetising this and maintaining our growth trajectory.”

    The company launched Visual Radio in Mumbai in September ’06 after it launched in New Delhi in July ’06.

  • NDTV revenue up Rs 640 million for Q1 ended 30 June

    NDTV revenue up Rs 640 million for Q1 ended 30 June

    MUMBAI: News Delhi Television (NDTV)’s revenue rose 54 per cent to Rs 640 million for the first quarter ended 30 June 2006, up from Rs 415 million a year ago.

    The company’s net profit (PAT) and before employee stock ownership plan (ESOP) has increased to Rs 27 million as against Rs 2.3 million in the same quarter of the previous year. The operating profit for the quarter stood at Rs 81.7 million, up 92 per cent from Rs 42.6 million.

    “The network’s market leadership is well reflected in the first quarter’s robust topline growth. The company has added 75 first time advertisers and 175 new brands this quarter, taking the total brand and advertising universe to 2261,” the company said in a release.

    During this quarter, the company has launched Astro Awani, a 24 hour news channel in Indonesia, in partnership with Astro, a leading South East Asia media group. It is the first channel launched by NDTV generating news that is not India-related and is specifically for viewers of that country. NDTV plans to launch a similar channel with Astro in Malaysia by this year end.

    “Our news network’s leadership in an environment of increasing competition reflects the strength and credibility of the NDTV brand and the trust our viewers place in us. Going forward, we remain focused on becoming a composite media house and will continue to pioneer new areas of media work,” NDTV Ltd chairman Dr Prannoy Roy said.

  • NDTV clocks 24.5 % growth in FY06; revenues Rs 2.24 billion

    NDTV clocks 24.5 % growth in FY06; revenues Rs 2.24 billion

    MUMBAI: Prannoy Roy’s NDTV has recorded 24.49 percent growth in fiscal 2005-06 with total revenues of Rs 2.239 billion.

    NDTV’s revenues were up from the Rs 1.798 billion recorded in fiscal 2004-05, the company has stated.

    Q4 FY’ 06 saw NDTV hitting its highest ever revenues at Rs 704.4 million versus Rs 497 million in the corresponding quarter of the previous year, representing a 41.73 per cent year-on-year growth.

    Expectedly, the rise in personnel costs took a huge chunk out of the company’s net with profit after tax after ESOP for Q4 FY’ 06 standing at Rs 20.1 million. If ESOPs are discounted then net profit for Q4 has increased 22 per cent to Rs 125.5 million as against Rs 102.9 million in Q4 FY’ 05. There were no ESOPs granted last year.

    Following the results, NDTV has declared a dividend of 20 per cent.

    BUSINESS HIGHLIGHTS

    During the year the company made significant investments in building new businesses and strengthening and consolidating its existing business.

    NDTV’s advertising base has seen an impressive growth this year. The network has added 637 new advertisers and 810 new brands in its portfolio, taking its advertising universe to over 2000. A reflection of the group’s marketing strength is also the strategic tie-up with the Microsoft Network, under which NDTV’s subsidiary, NDTV Media Ltd represents and carries out all marketing activity for MSN exclusively in India.

    The reach of the NDTV News Network’s unduplicated reach amongst C&S households has increased to 90.8 per cent, the highest amongst all news networks. NDTV has also extended its global presence across Africa, Asia, Europe and the US. This year it entered into strategic tie-ups with DirecTV, BskyB and ATN to launch NDTV 24×7 in the US, UK and Canada respectively.

    NDTV’s website ndtv.com has emerged as India’s number one news and television portal, attracting over 200 million page views and 1.2 million unique visitors every month. The focus on monetizing the website by adding transaction based portals – Travel, Gadgets, Shopping, Commodities, Profit, Movies and Music, has begun to drive revenues this year.

    “In this year the company has put in significant investments into building new businesses and going forward we are committed to maximizing shareholder value by capitalizing on these investments,” NDTV chairman Dr Prannoy Roy was quoted in the statement as saying.

    Additionally, NDTV has entered into an agreement with Genpact a leading business and technology services company, to jointly offer outsourcing services to the global media and entertainment industry. This is the first of its kind Media Process Outsourcing company in India which will focus on providing cost effective, high quality media services.

    This year also heralded NDTV’s entry into high end-consultancy for news services. The company has entered into a joint venture agreement with Astro Broadcast of Malaysia to provide consultancy for setting up news channels in Malaysia and Indonesia. The Indonesian channel will be launched shortly.

    The NDTV Group, together with other strategic investors, also acquired a minority shareholding in 3 radio companies that hold licenses for FM radio broadcasting in Mumbai, Delhi and Kolkata under the brand name of RED FM. The company sees tremendous cross media synergies in extending its presence in the radio sector.