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Tag: Fever 104

  • Sushant Mohan snags top Zee digital gig

    Sushant Mohan snags top Zee digital gig

    MUMBAI: IndiaDotcom Digital, formerly Zee Digital, has plumped for Sushant S Mohan as its new chief editor and business manager. Mohan, a digital veteran since ’08, is tasked with giving Zee’s digital platforms a right proper shake-up, blending editorial gravitas with business brawn.

    He’s no stranger to the digital trenches, having previously steered DNA’s digital transformation as chief executive, and before that, cutting his teeth at Opera News, News18, BBC, Fever 104, Red FM, All India Radio and DD Prasar Bharti, amongst others. 

    Now, he’s promising to inject “fresh energy” and “innovation” into Zee’s digital offering, while also chasing those all-important revenue streams. 

    “It’s a privilege and an exciting challenge,” Mohan quipped, “to lead one of India’s most influential digital news platforms.” He aims to deliver “impactful journalism” with a “sharp focus” on the audience.

    Zee Media Corporation Ltd CEO  Karan Abhishek Singh reckons Mohan’s “rare blend of editorial acumen and business insights” will be just the ticket for IndiaDotcom Digital’s “new phase of growth.” The company is banking on him to keep the digital platforms “credible, relevant, and future-ready.”

    This appointment is part of IndiaDotcom Digital’s grand plan to become the “most innovative and impactful digital media platform” in India. Whether it will  manage to avoid the usual digital pitfalls remains to be seen, but with Mohan at the helm, it certainly is giving it a go.

  • Q1-2016: HT Media revenue up 7.5%; radio revenue up 2.3%, PAT down

    Q1-2016: HT Media revenue up 7.5%; radio revenue up 2.3%, PAT down

    BENGALURU: HT Media Limited (HT Media) reported 7.5 per cent growth in total income from operations (TIO) for the quarter ended 30 June, 2015 (Q1-2015) at Rs 587.18 crore as compared to the Rs 546.41 crore in Q1-2014 and 1.8 per cent higher than the Rs 576.92 crore in Q4-2015. 

     

    Its radio segment also reported a 2.3 per cent increase in revenue to Rs 24.52 crore (4.2 per cent of TIO) in Q1-2016 as compared to the Rs 23.97 crore (4.4 per cent of TIO) in the corresponding year ago quarter, but five per cent less than the Rs 25.82 crore (4.5 per cent of TIO) in the immediate trailing quarter.

     

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

     

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

     

    The company’s consolidated profit after tax (PAT) in Q1-2016 fell 23.6 per cent to Rs 24.95 crore (4.2 percent of TIO) from Rs 32.67 crore (6 per cent of TIO) in Q1-2014 and fell 36.5 per cent from Rs 39.28 crore in Q4-2015.

     

    Advertising and Circulation revenue

     

    HT Media’s advertising revenue grew by five per cent in Q1-2016 to Rs 467.5 crore (79.6 per cent of TIO) from Rs 445.4 crore (81.5 per cent of TIO); Circulation revenues grew by 6.3 per cent in Q1-2016 to Rs 72.9 crore (12.4 per cent of TIO) as compared to the Rs 68.6 crore (12.6 per cent of TIO) in Q1-2014. 

     

    Let us see how the segments performed

     

    Three segments contribute to HT Media’s numbers – (1) Printing and publishing of newspapers and periodicals (Publishing) (2) Radio and (3) Digital.

     

    HT Media’s publishing segment reported 6.2 per cent growth in revenue to Rs 532.44 crore (90.7 per cent of TIO) in Q1-2016 from Rs 501.54 crore (91.8 per cent of TIO) in Q1-2015 and was 1.8 per cent more than the Rs 522.85 crore (90.6 per cent of TIO) in Q4-2015.

     

    The publishing segment reported operating profit of Rs 79.29 crore in Q1-2016, 22.8 per cent more than the Rs 64.55 crore in Q1-2015 and 11.6 per cent more than the Rs 70.12 crore in Q4-2015.

     

    HT Media has four FM radio stations – Fever 104 in Delhi, Mumbai, Bengaluru and Kolkata.

    Radio segment revenue numbers have been mentioned above. HT Media’s radio segment reported operating profit of Rs 6.68 crore in Q1-2016 was 46.2 per cent higher than the Rs 4.57 crore in Q1-2015 but 22 per cent lower than the Rs 8.56 crore in Q4-2015.

     

    The company’s digital segment reported 28.8 per cent growth in revenue to Rs 30.56 crore (5.2 per cent of TIO) in Q1-2016 as compared to the Rs 23.72 crore (4.3 per cent of TIO) in Q1-2015 and 6.9 per cent more than the Rs 28.60 crore (five per cent of TIO) in Q4-2015. Digital segment reported higher loss of Rs 23.88 crore in Q1-2016; loss of Rs 12.19 crore in Q1-2015; loss of Rs 14.02 crore in Q4-2015.

     

    The company reported unallocated losses of Rs 20.01 crore in Q1-2016; loss of 22.28 crore in Q1-2015 and loss of Rs 39.49 crore in Q4-2015.

     

    Company Speak

     

    HT Media chairperson and editorial director Shobana Bhartia said, “The year started well for us although economic growth is still slow and there are mixed signals on account of global macroeconomic concerns. Our English dailies saw volume-led growth across markets. Hindustan maintained its upward growth trajectory, driven by our investments in both UP and Bihar. Our digital assets are increasingly gaining a foothold in their markets. The Radio business continues to be profitable and we aim to add to our portfolio of stations in Phase- III auctions. As the year progresses, we believe that we will continue on the growth path and deliver positive results even as the economic environment improves.”

     

    Click here for financial results

     

    Click here for earnings presentation

  • FY-2015: HT Media radio segment reports 37% operating profit growth

    FY-2015: HT Media radio segment reports 37% operating profit growth

    BENGALURU: HT Media’s radio segment reported 37.1 per cent growth in operating profit at Rs 29.21 crore in FY-2015 as compared to the Rs 21.31 crore in FY-2014.The segment reported 78.8 per cent growth in operating result in Q4-2015 (quarter ended 31 March, 2015, current quarter) at Rs 8.56 crore as compared to the Rs 4.81 crore in the corresponding quarter of the previous year (Q4-2014) but was 9.3 per cent lower than the Rs 9.44 crore in the immediate trailing quarter Q3-2015.

     

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

     

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

     

    HT Media has four FM radio stations – Fever 104 in Delhi, Mumbai, Bengaluru and Kolkata. HT Media’s radio segment’s revenue in FY-2015 at Rs 99.38 crore was 6.8 per cent more than the Rs 93.12 crore in FY-2014. The company says that growth was driven by advertising revenues growth of approximately 12 per cent being partially off-set by reduced focus on events and activations.

     

    In Q4-2014, the segment reported 12.8 per cent growth in operating revenue to Rs 25.82 crore as compared to the Rs 22.88 crore in Q4-2014 and was almost flat (up 0.04 per cent) as compared to the Rs 25.81 crore in Q3-2015.

     

    The company reported four per cent growth in Total Income from Operations (TIO) FY-2014 at Rs 2289.71 crore as compared to the Rs 2200.70 crore in FY-2014. TIO in Q4-2015 at Rs 576.92 crore was 6.1 per cent more than the Rs 543.84 crore in Q4-2015 but was 4.7 per cent lower than the Rs 605.50 crore in the previous quarter.

     

    The company reported 13.4 per cent decline in profit after tax (PAT) in FY -2015 at Rs 179.81 crore as compared to the Rs 207.53 crore in FY-2014. PAT in Q4-2015 at Rs 39.28 crore was 12.7 per cent higher than the Rs 34.84 crore in the corresponding quarter of the previous year, but declined 38.6 per cent as compared to the Rs 63.97 crore in Q3-2015.

     

    Advertising, circulation and other revenues

     

    Advertising revenue in FY-2015 at Rs 1851.7 crore improved 5.3 per cent from the Rs 1758.3 crore in FY-2014. Ad revenue in Q4-2015 grew 5.7 per cent to Rs 465.3 crore from Rs 440.1 crore in the year ago quarter, but declined 6.3 per cent from the Rs 496.1 crore in the trailing quarter.

     

    Circulation revenue in FY-2015 improved 10.8 per cent to Rs 284.8 crore from Rs 257 crore in FY-2014. In Q4-2015, circulation revenue improved 8.6 per cent to Rs 71.1 crore from Rs 65.5 crore in Q4-2014, but declined 3.1 per cent from Rs 73.4 crore in Q3-2015.

     

    Other revenues in the current year declined 7.8 per cent to Rs 320.7 crore from Rs 347.7 crore in FY-2014. Other revenues improved 12.5 per cent in the current quarter to Rs 90.3 crore in Q4-2015 from Rs 80.3 crore in Q4-2014 and improved 13.2 per cent from Rs 79.8 crore in Q3-2014

     

    Segment Revenue

     

    Three segments contribute to HT Media’s numbers – (1) Printing and publishing of newspapers and periodicals (Publishing) (2) Radio and (3) Digital.

     

    Radio segment’s results have been mentioned above.

     

    Printing & Publishing of Newspapers & Periodicals (Printing)

     

    The segment reported 2.9 per cent growth in revenue FY-2015 at Rs 2088.34 crore in FY-2015 as compared to the Rs 2029.61 crore in FY-2014. Revenue in Q4-2015 at Rs 522.85 crore was 5.5 per cent more than the Rs 495.65 crore in the corresponding year ago quarter, but declined 5.5 per cent as compared to the Rs 553.20 crore in Q3-2015.

     

    Printing segment reported 9.4 per cent decline in operating profit to Rs 280.20 crore in Fy-2015 from Rs 309.41 crore in FY-2014. The segment’s operating profit in Q4-2015 declined 10.1 per cent to Rs 70.12 crore from Rs 78.04 crore in Q4-2014 and declined 10.7 per cent from Rs 78.49 crore in Q3-2015.

     

    Digital segment

     

    HT Media’s digital segment reported 36.3 per cent growth in FY-2015 to Rs 103.90 crore from Rs 76.22 crore in FY-2014.The segment reported 31.1 per cent growth in operating revenue to Rs 28.60 crore from Rs 21,82 crore in Q4-2014 and was 7.3 per cent more than the Rs 26.65 crore in Q3-2015. The segment has been reporting operating loss on a regular basis.

     

    Company speak

     

    HT Media chairperson and editorial director Shobana Bhartia said, “We ended the year on a high note on the back of a growth in ad revenue and higher circulation in Mumbai and the Hindi belt. Hindustan Times’ Mumbai edition and Hindustan’s Uttar Pradesh editions, strengthened their presence in their respective geographies, and were both profitable. Our digital businesses grew handsomely and are at an inflection point. Radio continues to do well and we will invest in its growth. With a strong base, our continuing focus on digital initiatives and stronger tailwinds in the economy, we are confident of delivering value to our shareholders in the year ahead.”

     

    The Board of Directors at its meeting on 15 May, 2015 recommended a dividend of Rs0.40 perequity share of Rs2 each; translating to 20 per cent of face value. Dividend for the year amounted to Rs 9.31 crore (excluding Dividend Distribution Tax).

     

    Click here to read the full financial report

     

    Click here for the Earnings Presentation