ITV

Tag: Financial

  • AMG Media Networks to indirectly acquire 29.18% stake in NDTV; launches open offer

    AMG Media Networks to indirectly acquire 29.18% stake in NDTV; launches open offer

    Mumbai : AMG Media Networks Limited (AMNL), a division of the Adani group, will indirectly purchase a 29.18 percent stake in New Delhi Television Ltd (NDTV) and make an open offer for a further 26 percent stake in the media company, the Adani Group said in a statement.

    Adani entities made Rs 493 crore open offer for 26 per cent stake in NDTV at Rs 294 per share. The media giant’s shares closed 5 per cent higher today at ₹376.55 a piece.

    “AMNL’s wholly owned subsidiary Vishvapradhan Commercial Private Ltd (VCPL) holds warrants of RRPR Holding Private Limited (RRPR) entitling it to convert them into 99.99 percent stake in RRPR. VCPL has exercised warrants to acquire 99.5 percent stake in RRPR,” said a company’s statement.

    It further states, “Such acquisition will result in VCPL acquiring control of RRPR. RRPR is a promoter group company of NDTV (NDTV, BSE: 532529) and holds 29.18 percent stake in NDTV. VCPL, along with AMNL & AEL (persons acting in concert), will launch an open offer to acquire up to 26 percent stake in NDTV, in compliance with the requirements of the SEBI’s (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.”

    NDTV is a leading media house that has pioneered the delivery of credible news for over three decades. The company operates three national news channels – NDTV 24×7, NDTV India, and NDTV Profit. It also has a strong online presence and remains one of the most followed news handles on social media with more than 35 million followers across various platforms.

    AMG Media Networks Limited CEO Sanjay Pugalia also said in a statement, “This acquisition is a significant milestone in the journey of AMNL’s goal to pave the path of new age media across platforms.”

    He further added, “AMNL seeks to empower Indian citizens, consumers and those interested in India, with information and knowledge. With its leading position in news and its strong and diverse reach across genres and geographies, NDTV is the most suitable broadcast and digital platform to deliver on our vision. We look forward to strengthening NDTV’s leadership in news delivery.”

    NDTV recorded a revenue of Rs 421 crore with earnings before interest, taxes, depreciation, and amortization (EBITDA) of Rs 123 crore and a net profit of Rs 85 crore in FY22 with negligible debt.
     

  • Financial experts decode Budget 2020 at CNBC-TV18’s Townhall

    Financial experts decode Budget 2020 at CNBC-TV18’s Townhall

    MUMBAI: English business news channel — CNBC-TV18 of Network18 group held The Budget Townhall 2020 to analyse and have an open dialogue on the announcements made by the union finance minister Nirmala Sitharaman.

    The fourth edition of the townhall witnessed economic and financial stakeholders come together in New Delhi to offer their expert perspective and decode the biggest economic policy event in the country.

    The townhall panel moderated CNBC-TV18’s managing editor Shereen Bhan, comprised of policy architects and financial stakeholders such as NITI Aayog chief executive officer Amitabh Kant, revenue secretary Ajay Bhushan Pandey, CBIC member tax policy Dr John Joseph, CBDT chairman Pramod Chandra Mody, expenditure secretary TV Somanathan, chief economic advisor Dr. Krishnamurthy Subramanian, DPIIT chairman Guruprasad Mohapatra, DIPAM secretary Tuhin Kanta Pandey, finance secretary Rajeev Kumar among others. The closing address at the townhall was given by IDFC FIRST Bank managing director and chief executive officer V Vaidyanathan.

    The luminaries, together on a common platform, shared their in-depth analysis while evaluating the big-ticket announcements made across sectors.

  • Q4-2015: Verizon reports 5.8 million Fios video connections

    Q4-2015: Verizon reports 5.8 million Fios video connections

    BENGALURU: US communications major Verizon, Inc., reported 5.8 million subscribers for its Fios wireline video services for the quarter and year ended 31 December, 2015 (Q4-2015, current quarter, FY-2015, current year). The company reported an increase of 20,000 net Fios wireline video services subscribers in the quarter. Verizon also added 99,000 new Fios internet wireline connections in Q4-2015 taking the total to seven million.

     

    The company says that Fios wireline internet connections increased 6.8 per cent YoY and Fios video connections increased 3.2 per cent YoY. For FY-2015, more than 70 per cent of consumer Fios internet customers subscribed to data speeds of 50 megabits per second or higher. Verizon says that customer interest continued to grow for Custom TV, which represented about one-third of Fios video sales in Q4- 2015.

     

    The company says that Q4-2015 wireline consumer revenues were $4.1 billion, an increase of 2.6 per cent compared with Q4- 2014. Fios revenues represented 80.4 per cent of the total. Comparing Q4-2015 with Q4-2014, total Fios revenues grew 6.8 per cent, to $3.5 billion, and consumer Fios revenues grew 6.6 per cent. Wireline operating income margin was 7.3 per cent in Q4- 2015, up from 4.4 per cent in Q4- 2014. Segment EBITDA margin (non-GAAP) was 24.2 per cent in Q4-2015, compared with 23.9 per cent in the corresponding quarter of last year.

     

    “In 2015, Verizon delivered strong and balanced results in a dynamic competitive environment while returning more than $13.5 billion to shareholders. At the same time, Verizon built and acquired next-generation network capabilities that position the company to be an innovator in the digital-first mobile world in 2016 and beyond,” said Verizon chairman and CEO Lowell McAdam.

     

    Overall revenues in Q4-2015 were $34.3 billion, a 3.2 per cent increase compared with Q4-2014. For the full year, Verizon reported total consolidated revenues of $131.6 billion. FY-2015 revenues grew 3.6 per cent, compared with FY-2014. Current-quarter and third-quarter revenues include results from AOL. New revenue streams from IoT grew, with revenues of approximately $200 million in Q4- 2015 and about $690 million for FY-2015. This is a year-over-year increase of 18 per cent, says the company.

     

    Verizon’s other segment, wireless, reported total revenues of $23.7 billion in Q4-2015, up 1.2 per cent compared with Q4-2014. Service revenues totalled $17.2 billion, down 5.6 per cent year over year. Over the same period, equipment revenues increased to $5.4 billion, up from $4.2 billion, as more customers chose to buy new devices with instalment pricing. For the year, total revenues were $91.7 billion, a 4.6 per cent increase compared with 2014.

                   

    Verizon Wireless reported 1.5 million retail postpaid net additions in Q4- 2015 and 4.5 million for the full year. These net additions do not include any wholesale or IoT connections.

     

    The company says that customer retention remained high, with retail postpaid churn at a low 0.96 per cent in Q4-2015, a year-over-year improvement of 18 basis points. Churn was also 0.96 per cent for the year, an improvement of 8 basis points from full-year 2014.

     

    Verizon added 906,000 4G smartphones to its postpaid customer base in Q4-2015. Postpaid phone net adds totalled 449,000 as net smartphone adds of 713,000 were partially offset by a net decline of basic phones. Tablet net adds totalled 960,000 in the quarter, and net prepaid devices declined by 157,000. At year-end 2015, the company had 112.1 million retail connections, a 3.6 per cent year-over-year increase, and 106.5 million retail postpaid connections, a 4.4 per cent year-over-year increase.

  • Q4-2015: Verizon reports 5.8 million Fios video connections

    Q4-2015: Verizon reports 5.8 million Fios video connections

    BENGALURU: US communications major Verizon, Inc., reported 5.8 million subscribers for its Fios wireline video services for the quarter and year ended 31 December, 2015 (Q4-2015, current quarter, FY-2015, current year). The company reported an increase of 20,000 net Fios wireline video services subscribers in the quarter. Verizon also added 99,000 new Fios internet wireline connections in Q4-2015 taking the total to seven million.

     

    The company says that Fios wireline internet connections increased 6.8 per cent YoY and Fios video connections increased 3.2 per cent YoY. For FY-2015, more than 70 per cent of consumer Fios internet customers subscribed to data speeds of 50 megabits per second or higher. Verizon says that customer interest continued to grow for Custom TV, which represented about one-third of Fios video sales in Q4- 2015.

     

    The company says that Q4-2015 wireline consumer revenues were $4.1 billion, an increase of 2.6 per cent compared with Q4- 2014. Fios revenues represented 80.4 per cent of the total. Comparing Q4-2015 with Q4-2014, total Fios revenues grew 6.8 per cent, to $3.5 billion, and consumer Fios revenues grew 6.6 per cent. Wireline operating income margin was 7.3 per cent in Q4- 2015, up from 4.4 per cent in Q4- 2014. Segment EBITDA margin (non-GAAP) was 24.2 per cent in Q4-2015, compared with 23.9 per cent in the corresponding quarter of last year.

     

    “In 2015, Verizon delivered strong and balanced results in a dynamic competitive environment while returning more than $13.5 billion to shareholders. At the same time, Verizon built and acquired next-generation network capabilities that position the company to be an innovator in the digital-first mobile world in 2016 and beyond,” said Verizon chairman and CEO Lowell McAdam.

     

    Overall revenues in Q4-2015 were $34.3 billion, a 3.2 per cent increase compared with Q4-2014. For the full year, Verizon reported total consolidated revenues of $131.6 billion. FY-2015 revenues grew 3.6 per cent, compared with FY-2014. Current-quarter and third-quarter revenues include results from AOL. New revenue streams from IoT grew, with revenues of approximately $200 million in Q4- 2015 and about $690 million for FY-2015. This is a year-over-year increase of 18 per cent, says the company.

     

    Verizon’s other segment, wireless, reported total revenues of $23.7 billion in Q4-2015, up 1.2 per cent compared with Q4-2014. Service revenues totalled $17.2 billion, down 5.6 per cent year over year. Over the same period, equipment revenues increased to $5.4 billion, up from $4.2 billion, as more customers chose to buy new devices with instalment pricing. For the year, total revenues were $91.7 billion, a 4.6 per cent increase compared with 2014.

                   

    Verizon Wireless reported 1.5 million retail postpaid net additions in Q4- 2015 and 4.5 million for the full year. These net additions do not include any wholesale or IoT connections.

     

    The company says that customer retention remained high, with retail postpaid churn at a low 0.96 per cent in Q4-2015, a year-over-year improvement of 18 basis points. Churn was also 0.96 per cent for the year, an improvement of 8 basis points from full-year 2014.

     

    Verizon added 906,000 4G smartphones to its postpaid customer base in Q4-2015. Postpaid phone net adds totalled 449,000 as net smartphone adds of 713,000 were partially offset by a net decline of basic phones. Tablet net adds totalled 960,000 in the quarter, and net prepaid devices declined by 157,000. At year-end 2015, the company had 112.1 million retail connections, a 3.6 per cent year-over-year increase, and 106.5 million retail postpaid connections, a 4.4 per cent year-over-year increase.

  • Videocon d2h eyes 35-40% EBITDA growth at Rs 8.6 billion in FY-2016

    Videocon d2h eyes 35-40% EBITDA growth at Rs 8.6 billion in FY-2016

    MUMBAI: Driven by strong subscriber growth momentum and improving average revenue per user (ARPU), Indian direct-to-home (DTH) company Videocon d2h is expecting EBITDA to be in the range of Rs 8.2 – 8.6 billion in FY-2016, which translates to approximately 35-40 per cent growth over EBITDA in the fiscal year ended 31 March, 2015.

     

    As was earlier reported by Indiantelevision.com, Videocon d2h is also planning to increase its monthly subscription rates in the range of Rs 12 – 23 per month.

     

    The company maintains its current first half of the fiscal year ending 31 March, 2016 guidance of 25-30 per cent period on period growth of EBITDA, and is guiding towards 40-45 per cent period on period growth in the second half of the fiscal year ending 31 March, 2016.

     

    Videocon d2h executive chairman Saurabh Dhoot said, “We are pleased to provide strong EBITDA growth guidance for fiscal year 2016. This is driven by strong subscriber growth momentum, improving ARPU and further benefit of operating leverage. We remain excited about our long term subscriber growth prospects as a result of the government mandated move to digitalisation. We have positioned ourselves to take advantage of the 100 million subscriber homes opportunity for the industry over the next four to five years.”

  • H1-2015: Havas revenue up 19% as India, China, Oz lead APAC growth

    H1-2015: Havas revenue up 19% as India, China, Oz lead APAC growth

    MUMBAI: Even as Havas’ operations in Asia Pacific felt the effects of the downturn caused by China’s economic difficulties, the biggest contributors to H1 growth were India, China and Australia in the region.

     
    The Group revenue in the first half (H1) of 2015 were 19.2 per cent up at €1034 million on an unadjusted basis, from €867 million in H1 2014. 
     

    The agency’s Europe ops maintained sound growth of +5.1 per cent in Q2 2015, resulting in a highly satisfactory first half driven by strong performances from France, Spain, Germany and Italy in particular.

    The North America region continued its strong growth, driven mainly by healthcare communications and creative agencies, whereas Latin America region reported satisfactory growth of 3.2 per cent for H1 2015. However, the pace of growth is now slowing due to a downturn in the economies of key countries such as Brazil and Mexico.

    Havas CEO Yannick Bolloré said, “We are pleased to note satisfactory progress across all our regions.”

    The Group’s organic growth (excluding exchange rate variations and changes in the scope of consolidation) was +5.5 per cent in Q2 2015 and +6.3 per cent for H1 2015.

    Exchange rate variations had a positive exchange rate impact of €85.6 million over the half year.

    Havas’ income from operations for H1 2015 was €137 million, an increase of 21.7 per cent over €113 million for H1 2014. Income from operations margin for H1 2015 was 13.3 per cent compared to 13 per cent for the corresponding period in 2014, an increase of 30 basis points.

    Operating income rose by 22.4 per cent to €128 million, compared to €104 million for the corresponding period in 2014.

    The effective tax rate was 30.4 per cent, compared to 29 per cent in H1 2014.

    Net income, Group share of €77 million in H1 2015 was up 27.6 per cent on H1 2014, representing 7.4 per cent of H1 2015 revenue. Net earnings per share (basic and diluted) increased by 23 per cent to €0.18.

    Bolloré added, “Havas reported strong growth in its interim results, with revenue up by 19.2 per cent and income from operations margin up again, by 30 basis points to 13.3 per cent, driven by a powerful commercial dynamic and continued execution of our “Together” strategic plan. Our strategy to create the industry’s most agile and integrated Group continues to deliver strong results because it is focused on supporting our clients through their process of transformation.”

    “We also believe the macroeconomic movements of recent days may offer opportunities for Havas to win new clients attracted to an innovative agency model that offers a better response to their changing needs. This strong first-half performance gives us every confidence that our annual targets will be met. I would like to thank all our clients for placing their trust in us, and our 17,500 employees for their excellent work,” he said.

  • Q1-2016: Films & TV segments contribute to Saregama’s revenue growth

    Q1-2016: Films & TV segments contribute to Saregama’s revenue growth

    BENGALURU: Until the current quarter, revenues of the Indian custodians of music company Saregama Limited (Saregama) Film and Television segment had been contributing about 35 per cent to the company’s Total Income from Operations. For the quarter ended 30 June, 2015 (Q1-2016), the film and TV segment’s contribution of Rs 23.56 crore increased to 45.3 per cent of Saregama’s TIO of Rs 51.97 crore. The company’s Music segment contributed Rs 28.41 crore or 54.7 per cent of the company’s TIO in the current quarter.

     

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

     

    Segment Numbers

     

    The company classifies its numbers by the two segments mentioned above – Music and Film and Television.

     

    Saregama’s Music segment reported operating revenue of Rs 28.41 crore (54.7 per cent of TIO) in Q1-2016, which was 1.9 per cent more than the Rs 27.88 crore (65.9 per cent of TIO) in Q1-2015, but 25.3 per cent lower than the Rs 38.02 crore (64.3 per cent of TIO) Iin Q4-2015.

     

    Music segment reported operating profit in Q1-2016 of Rs 12.05 crore, which was 6.5 per cent lower than the Rs 12.89 crore in Q1-2015 and less than half (lower by 51.3 per cent ) the Rs 24.76 crore in Q4-2015.

     

    Film and television segment reported operating revenue of Rs 23.56 crore (45.3 per cent of TIO) in Q1-2016, which was 63.3 per cent more than the Rs 14.43 crore (34.1 per cent of TIO) in Q1-2015 and 11.4 per cent more than the Rs 21.14 crore (35.7 per cent of TIO) in Q4-2015.

     

    Film and television segment reported a lower operating loss in Q1-2016 at Rs 0.34 crore as compared to the operating loss of Rs 0.82 crore in the corresponding year ago quarter and lower than the operating loss of Rs 6.06 crore in Q4-2015.

     

    Let us look at the numbers reported by Saregama:

     

    The company’s TIO in Q1-2016 at Rs 51.97 crore increased 22.8 per cent as compared to the Rs 42.31 crore in the corresponding year ago quarter Q1-2015, but declined 12.2 per cent as compared to the Rs 59.16 crore in the immediate trailing quarter Q4-2015.

     

    The company also reports revenue from three other streams – Net Sales Income, License Fee, and other. Net Sales Income in Q1-2016 increased 57.9 per cent to Rs 23.80 crore (45.8 per cent of TIO) as compared to the Rs 15.07 crore (35.6 per cent of TIO) in Q1-2015 and increased 5.7 per cent as compared to the Rs 22.51 crore (38 per cent of TIO) in Q4-2015.

     

    License Fees income in the current quarter increased three per cent to Rs 28.15 crore (54.2 per cent of TIO) as compared to the Rs 27.12 crore (64.1 per cent of TIO) in Q1-2015 but was 23.1 per cent lower than the Rs 36.62 crore (61.9 per cent of TIO) in Q4-2015.

     

    Other Income in the current quarter was Rs 0.02 crore, for Q1-2015 it was Rs 0.03 crore and for Q4-2015 it was Rs 01.2 crore in Q4-2015.

     

    Saregama reported decline in both year on year (YoY) and quarter on quarter (QoQ) profit after tax (PAT) in Q1-2016. PAT in Q1-2016 at Rs 2.63 crore (5.1 per cent margin) was 21.7 per cent lower than the Rs 3.36 crore (7.9 per cent margin) in Q1-2015 and was less than a third (declined by 70.6 per cent) the Rs 8.96 crore (15.1 per cent margin) in Q4-2015.

     

    Saregama’s Total Expenses in the current quarter in Q1-2016 at Rs 49 crore (94.3 per cent of TIO) was 25.1 per cent more than the Rs 39.16 crore (92.6 per cent of TIO) in Q1-2015 but was 8.2 per cent lower than the Rs 53.40 crore (90.3 per cent of TIO) in Q4-2015.

     

    The company’s Royalty Fee expense in Q1-2016 at Rs 4.79 crore (9.2 per cent of TIO) was 10.3 per cent lower than the Rs 5.34 crore (12.6 per cent of TIO) in Q1-2015 but was 76.1 per cent more than the Rs 2.72 crore (4.6 per cent of TIO) in Q4-2015.

     

    Saregama’s advertising and sales promotion expense in Q1-2016 at Rs 2.13 crore (4.1 per cent of TIO) was 12.3 per cent lower than the Rs 2.43 crore (5.7 per cent of TIO) in Q1-2015 but was 19 per cent more than the Rs 1.79 crore (three per cent of TIO) in Q4-2015.

     

    Saregama’s Employee Benefit Expense in the current quarter at Rs 8.80 crore (16.9 per cent of TIO) was 19.6 per cent more than the Rs 7.36 crore (17.4 per cent of TIO) in Q1-2015 and two per cent more than the Rs 8.63 crore (14.3 per cent of TIO) in Q4-2015.

  • Q1-2016: Despite drop in QoQ revenue, B.A.G. Films TV segment operating profit flat

    Q1-2016: Despite drop in QoQ revenue, B.A.G. Films TV segment operating profit flat

    BENGALURU: B.A.G. Films and Media Limited (BAG Films) Television Broadcasting segment (TV segment) reported 20.6 per cent drop in segment revenue to Rs 20.69 crore (79.7 per cent of Total Income from Operations or TIO) in the quarter ended 30 June, 2015 (Q1-2016) as compared to the Rs 26.06 crore (82.8 per cent of TIO) in Q4-2015. The TV segment reported 9.5 per cent drop in revenue in the current quarter as compared to the Rs 22.85 crore (69.9 per cent of TIO) in the corresponding year ago quarter.

     

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

     

    (2) All numbers in this report are consolidated unless stated otherwise

     

    Despite the drop in operating revenue, BAG Films TV segment reported almost flat operating profit at Rs 8.08 crore in the sequential quarters Q4-2015 and Q1-2016. The segment’s operating profit in Q1-2016 however dropped 5.7 per cent as compared to the Rs 8.57 crore in Q1-2015.

     

    BAG Films TIO in the current quarter at Rs 25.96 crore was 17.5 per cent lower than the Rs 31.46 crore in the immediate preceding quarter and was 20.6 per cent lower than the Rs 32.70 crore in the corresponding year ago quarter.

     

    Let us look at the other numbers reported by BAG Films

     

    BAG Films reported a lower loss of Rs 1 crore in the current quarter as compared to the loss of Rs 11.53 crore in Q4-2015, but the loss in the current quarter was higher than the Rs 0.67 crore in Q1-2015. The company’s simple EBIDTA calculated without including other income in the current quarter at Rs 6.06 crore (23.3 per cent margin) was 1.5 per cent lower than the Rs 6.15 crore (19.6 per cent of TIO) and was 12.2 per cent lower than the Rs 6.91 crore (21.1 per cent margin) in Q1-2015.

     

    The company’s total expenditure in the current quarter at Rs 23.67 crore (91.2 per cent of TIO) was 38.3 per cent lower than the Rs 38.38 crore (122 per cent of TIO) in Q4-2015 and was 19.9 per cent lower than the Rs 29.54 crore (90.3 per cent of TIO) in Q1-2015.

     

    Employee Cost in Q1-2016 at Rs 4.74 crore (18.2 per cent of TIO) was 11.8 per cent lower than the Rs 5.37 crore (17.1 per cent of TIO) in Q4-2015 but was 0.4 per cent more than the Rs 4.72 crore (14.4 per cent of TIO) in Q1-2015.

     

    Segment Numbers

     

    The five segments mentioned in the company’s financial results are: Audio-Visual Production (AVP); Movies: Leasing; FM Radio; and Television Broadcasting. While BAG Films Movies segment made no contribution to the company’s revenue or operating results in the current quarter, Q4-2015 or Q1-2015, TV Broadcasting segment numbers have already been mentioned above.

     

    Audio Visual Production segment (AVP segment)

     

    AVP segment reported 9.7 per cent growth in revenue in Q1-2016 at Rs 3.60 crore as compared to the Rs 3.28 crore in Q4-2015 and a growth of 34 per cent as compared to the Rs 2.69 crore in Q1-2015. The segment reported an operating profit of Rs 2.24 crore in Q1-2016 as compared to an operating loss of Rs 1.38 crore in the immediate trailing quarter and 14.4 per cent growth in operating profit in Q1-2016 as compared to the operating profit Rs 1.96 crore in Q1-2015.

     

    Leasing segment

     

    BAG Films Leasing segment reported a little more than one fourth (26.4 per cent) revenue in the current quarter at Rs 0.1 crore as compared to the Rs 0.38 crore in Q4-2015 and less than one seventh (16 per cent) the revenue of Rs 0.62 crore in Q1-2015. The segment reported an operating loss of Rs 0.93 crore in Q1-2016; and operating loss of Rs 3.14 crore in Q4-2015 and an operating loss of Rs 0.41 crore in Q1-2015.

     

    FM Radio segment

     

    BAG Films FM Radio segment reported a 9.5 per cent decline in revenue in Q1-2016 at Rs 1.58 crore as compared to the Rs 1.74 crore in Q4-2015, but a growth of 2.1 per cent as compared to the Rs 1.55 crore in Q1-2015. The company’s FM Radio segment reported an operating loss of Rs 0.24 crore in Q1-2016; an operating loss of Rs 2.05 crore in Q4-2015 and an operating loss of Rs 0.08 crore in Q1-2015.

  • Q1-2016: Distribution segment pulls down Animation gains to loss for DQE

    Q1-2016: Distribution segment pulls down Animation gains to loss for DQE

    BENGALURU: The Tapas Chakravarti led DQ Entertainment (International) Limited (DQEIL) reported consolidated loss of Rs 12.65 crore in the quarter ended 30 June, 2015 (Q1-2016) as compared to a loss of Rs 12.06 crore in Q1-2015 and a loss of Rs 26.33 crore in the immediate trailing quarter.

     

    The loss in the current quarter would have been higher but for a foreign exchange (forex) gain of Rs 6.8 crore as compared to a forex loss Rs 0.39 crore in Q1-2015 and a forex gain of Rs 3.95 crore in Q4-2015.

     

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

    (2) All numbers are consolidated unless stated otherwise.

     

    Segment Performance

     

    The company’s distribution segment reported an operating loss of Rs 6.51 crore on operating revenue of Rs 1.80 crore in Q1-2016 as compared to the operating loss of Rs 1.19 crore on operating revenue of Rs 10.71 crore in Q1-2015 and an operating loss of Rs 12.53 crore on operating revenue of Rs 5.94 crore in Q4-2015.

     

    The company’s Animation segment reported an operating profit of Rs 2.08 crore in Q1-2016 from operating revenue of Rs 23.93 crore as compared to the operating loss of Rs 1.07 crore from operating revenue of Rs 9.93 crore in Q1-2015 and an operating profit of Rs 33.88 crore from operating revenue of Rs 69.87 crore in the immediate trailing quarter.

     

    Let us look at the other numbers reported by DQEIL

     

    DQEIL reported 24.6 per cent increase in total income from operations (TIO) in Q1-2016 to Rs 25.73 crore as compared to the Rs 20.64 crore in Q1-2015. TIO in the current quarter was a little more than a third (33.9 per cent) of the TIO of Rs 75.81 crore in Q4-2015.

     

    Total Expenditure in Q1-2016 increased 6.8 per cent to Rs 29.62 crore as compared to the Rs 27.72 crore in Q1-2015, but declined 65.3 per cent as compared to the Rs 85.3 crore in Q4-2015.

     

    The company’s finance expense in Q1-2016 was almost double (increased 93 per cent) at Rs 14.56 crore as compared to the Rs 7.55 crore in Q1-2015 but dropped 13.2 per cent as compared to the Rs 16.78 crore in Q4-2015.

     

    DQEIL Production expense (PE) in Q1-2016 increased 74.4 per cent to Rs 3.75 crore as compared to the Rs 2.15 crore in Q1-2015 and declined 77.6 per cent as compared to the Rs 16.75 crore in Q4-2015.

     

    The company’s Employee Expenses (EBE) in Q1-2016 at Rs 13.30 crore declined 20 per cent as compared to the Rs 16.64 crore in Q1-2015 and was 2.1 per cent lower than the Rs 13.59 crore (in Q4-2015.

     

  • Q1-2016: Eros International revenue doubles at Rs 480.6 crore, PAT up 49%

    Q1-2016: Eros International revenue doubles at Rs 480.6 crore, PAT up 49%

    MUMBAI: Eros International Media Limited’s revenue for the quarter ended 30 June, 2015 almost doubled at Rs 480.6 crore, which was 96.5 per cent more than Rs 244.6 crore in Q1 FY15.

     

    The company’s profit after tax (PAT) was up 48.9 per cent at Rs 53.40 crore in Q1 2016 as against Rs 35.8 crore in the same quarter previous year. The EBIT at Rs 96.3 crore went up by 60.70 per cent. 

     

    The company released a total of 16 films during the quarter as compared to nine in Q1-2015.

     

    Eros International Media executive vice chairman and managing director Sunil Lulla said, “We have had an excellent start to fiscal 2016 with the resounding success of Tanu Weds Manu Returns and our other major new releases, Uttama Villian, Masss, Dil Dhadakne Do (overseas) and Gabbar (overseas), doing well. The portfolio performance reinforces our strategy of investing in content-driven films, which are prudently budgeted and then extensively monetized across traditional and emerging platforms.”

     

    “As a strategy, we continue to diversify our presence across different film genres, budgets and languages. Further, strong pre-sales for our films remains one of the cornerstones of our strategy,” he added.  

     

    “The start to the second quarter has been exceptional with multiple-record breaker Bajrangi Bhaijaan delivering a worldwide gross of over Rs 5 billion. Last week’s Telugu release, the Mahesh Babu starrer Srimanthudu has opened to record breaking box office numbers. In addition, we have a compelling line-up for the remainder of the year featuring high-profile and promising movies such as Bajirao Mastani, Welcome Back, Hero, Gabbar Singh 2, 24 amongst a host of other Hindi and regional movies,” he said.

     

    “Our leadership position in the nascent Indian Media and Entertainment industry, which is witnessing positive structural trends, backed by an expansive library of movies should enable us to create significant value for all our stake holders going forward,” informed Lulla. 

     

    • Diversified revenue mix
      • Theatrical Revenues contributed – 51.5 per cent, Overseas Revenues – 27 per cent and Television & Others – 21.5 per cent as a percentage of Total Income.

     

    • Top 2 Hindi Box Office movies in CY2015 are Eros Films
      • Bajrangi Bhaijaan released in Q2 FY16 crossed the coveted Rs 300 crore net box office in India and the worldwide gross is over Rs 500 crore, smashing multiple records.
        • Fastest Rs 100 crore, Rs 150 crore, Rs 200 crore and Rs 250 crore movie in Bollywood history
        • Highest single day collection of Rs 38.75 crore for any film in India
        • Highest Monday figures of Rs 27.05 crore in India
      • The medium budget movie – Tanu Weds Manu Returns released in Q1 FY16 was the first film of CY2015 to cross the Rs 100 crore mark, and has set new ROI benchmarks in the industry.