ITV

Tag: financial results

  • Hathway Cable and Datacom Q1 FY23 revenues at Rs 447.2 crore

    Hathway Cable and Datacom Q1 FY23 revenues at Rs 447.2 crore

    Mumbai: Hathway Cable and Datacom on Friday reported its first quarter results for the financial year FY23. The company reported gross revenue of Rs 447.2 crore and earnings before interest, tax, depreciation and amortisation (Ebitda) of Rs 102.6 crore.

    The company reported profit after tax of Rs 21 crore as compared to Rs 28.4 crore in the preceding quarter. Its broadband business brought in revenues of Rs 157.2 crore and its cable TV business stood at Rs 290 crore.

    The company’s total expenditure stood at Rs 360.2 crore, and its pay channel cost stood at Rs 172.7 crore.

    Hathway Cable and Datacom reported 1.12 million broadband subscribers at the end of June. Customer satisfaction scores (CSAT) increased from 62 per cent in the first quarter of FY22 to 84 per cent in the first quarter of FY23.

    The company augmented its fibre-to-the-home capacity to accommodate another 1.2 million customers. It also finished next-generation. Docsis speed complaints were reduced by 80 per cent in all cities following the Docsis upgrade. It reported that 65 per cent of Docsis customers have been upgraded to 100 Mbps plans.

  • Shemaroo Entertainment’s traditional media biz up by 39% YoY in Q1 FY23

    Shemaroo Entertainment’s traditional media biz up by 39% YoY in Q1 FY23

    Mumbai: Shemaroo Entertainment announced its financial results for the first quarter of FY23 recently. The company reported consolidated revenue from operations of Rs 96 crore, up by 28.4 per cent, and a Rs 20 lakh net profit.

    Its digital media business generated Rs 48.1 crore in revenues, up by 19.3 per cent YoY. The company’s traditional media business generated Rs 47.9 crore in revenues, up by 39 per cent YoY.

    Shemaroo’s expenses also grew to Rs 87.9 crore, up by 29.9 per cent YoY.

    The company reported a flux in media viewership across traditional and digital platforms on account of increased mobility due to the Covid unlocking period. The advertising spends for traditional advertisers were affected due to rising input costs, uncertainty in the global economic environment, and supply chain disruptions. This was amplified by the slowdown in start-up funding, which impacted new-age advertisers.

    Despite the challenges, the company delivered a strong performance in terms of revenue growth and maintained positive margins during the quarter.

    Shemaroo launched its third free-to-air (FTA) Hindi general entertainment channel (GEC) Shemaroo Umang in April. The company began monetising the channel via advertisements in July. As per the company, Shemaroo Umang opened at the No. 2 position among FTA GECs and held on to that position until the end of the quarter.

  • Network18’s Q1 consolidated revenue grows 10% to Rs 1,340 crore YoY

    Network18’s Q1 consolidated revenue grows 10% to Rs 1,340 crore YoY

    Mumbai: Network18 Media & Investments on Tuesday announced its financial results for the quarter ended 30 June, 2022. The company reported that its consolidated revenue from operations rose to Rs 1,340 crore year-on-year, amidst a challenging macro environment. It has witnessed 10 percent growth. During the same period, the company posted a 67.52 per cent decline in consolidated net profit at Rs 39.46 crore.

    According to a regulatory filing, Network18’s net profit stood at Rs 121.51 crore during the April-June period a year ago. However, its total expenses were Rs 1,349.78 crore, up 24.88 percent from Rs 1,080.79 crore during the same period last year.

    Network18’s entertainment business revenues grew 13 per cent in Q1 FY23 despite its free-to-air Hindi general entertainment channel (GEC) going off DD FreeDish.

    Digital News revenue continued to grow at a fast pace, said the report, but added that “TV News revenue was flat YoY despite multiple state elections in the base quarter.”

    TV18’s news channels established strong positions in key markets with CNBC TV18, CNN News18 ranked #2 and News18 India ranked #1, #2, and #3 (refer: source) in their genres, respectively.

    During the quarter, three dedicated sports broadcasting channels were launched by Viacom18- Sports18, Sports18 HD and Sports18 Khel.

    On digital media rights for IPL

    Viacom18 has acquired the non-exclusive rights to digitally streaming of 18 matches in every season of the Indian Premier League in the Indian sub-continent for the seasons starting from 2023 to 2027.

    “After announcing a deal with Bodhi Tree and Reliance, Viacom18 made a giant leap towards building a compelling digital consumer proposition by acquiring the Indian subcontinent exclusive digital rights of the Indian Premier League (IPL),” read the statement.

    Highlights for Q1 FY23:

    • Viacom18 has acquired the exclusive digital streaming rights of the Indian Premier League for the Indian sub-continent for the next five seasons (2023-2027) for Rs 23,757.5 crore. It also won the rights for three out of five international territories, which include major cricketing nations like South Africa, Australia, and the UK, for Rs 594.5 crore.
    • IPL is the highest-reaching sports property in the country and will provide a strong entry point for consumers to come to Viacom18’s digital platform. It will play a pivotal role in helping establish it as India’s leading digital media, entertainment, and sports destination.
    • With rights to a slew of diverse sports properties like football (FIFA World Cup, La Liga, Serie A, and Ligue1), basketball (NBA), badminton, and tennis already acquired, Viacom18 is building one of the largest sporting destinations in the country, offering a compelling proposition for both core and casual sports fans.
    • Viacom18, while continuing to strengthen its broadcasting vertical, is building a digital platform of the future to provide best-in-class products and user experience to the fast-growing Indian digital audience. The platform will utilise a combination of exciting sports action and captivating entertainment content across Hindi and regional languages to build a winning consumer value offering.

      Network18 chairman Adil Zainulbhai said, “First quarter of FY23 has set the tone for the journey that we have undertaken towards making Network18 as India’s leading destination for  content. The big development for us this quarter was the acquisition of exclusive digital rights of  IPL. With strong tailwinds favouring digital consumption, it gives us a perfect opportunity to scale-up  our OTT offering. Coupled with the partnership with Bodhi Tree and Reliance, it will enable our  entertainment business to grow to a multiple of what it is today. We are also working towards  creating a 360 degree news offering with depth and breadth, which not only gives the user seamless experience across platforms, but also optimises for relevance. We are laying down strong foundations on which our businesses can continue to grow for the foreseeable future.”
       

    Source: BARC, All India, News genre, TG:15+, Wk 23’22 to 26’22

    Source: BARC, All India, Non-news genre, TG: 2+, Wk 14’22 to 26’22

    Source: BARC, All India, TG: 2+, Wk 23’22 to 26’22

  • Dish TV India reports operating revenue of Rs 2802.5 crore for FY22

    Dish TV India reports operating revenue of Rs 2802.5 crore for FY22

    Mumbai: Dish TV India has reported its results for the fourth quarter and the financial year ended on 31 March 2022. The company reported operating revenue of Rs 2,802.5 crore for the financial year and Rs 642.7 crore for the fourth quarter.

    Subscription revenues stood at Rs 2,531.1 crore for the year and Rs 574.8 crore for the quarter. Profit before exceptional items and tax stood at Rs 272.7 crore for the year and Rs 41.8 crore for the quarter.

    The exceptional items for the quarter and fiscal year 2021-2022 include Rs 203.0 crore as an impairment charge on intangible assets under development and related advances Rs 1,616.9 crore and Rs 717.7 crore respectively, as an impairment charge on the goodwill and intangible assets acquired from Videocon d2h in 2017-18 and Rs 116.3 crore recognised as foreign exchange fluctuation loss due to the ongoing economic crisis in Sri Lanka.

    The company continued to deleverage its balance sheet for the fourth year in a row and paid off Rs 434.3 crore during the year thus reducing its overall debt to Rs 375.6 crore at the end of fiscal 2022 as compared to fiscal 2021, which was at Rs 809.9 crore.

    The company reported a loss after including exceptional items and tax of Rs 1,867.23 crore for the year and Rs 2,031.99 crore for the quarter.

    Management analysis

    As per the management analysis, the fourth quarter and fiscal 2022 saw the expansion of the viewers’ slate of content. The company offers over 850 plus channels in the linear space and 40 odd big & small OTT platforms offering movies, TV shows and web series. The time spent watching content per user per day went up to 4.5 hours compared to 3.6 hours in 2018.

    Businesses across sectors in distribution or content are facing reducing customer stickiness, falling subscriber numbers and a perpetual capex (capital expenditure) cycle.

    The direct-to-home (DTH) industry in India has been running the capital expenditure treadmill to increase the number of paying subscribers but, competition from streaming platforms, free-to-air government-run distribution platforms, telcos, cable TV and intermittent undercutting within the industry itself, has been either churning subscribers or intensifying capex or both, said the statement.

    Dish TV India recorded 3.4 per cent higher new additions during the year but remained vulnerable to shifting viewing habits which continued to influence the recharge behaviour of its subscribers. The quarter also witnessed lingering effects of the pandemic related weakness in consumer sentiment with global geo-political developments and resultant inflationary spikes worsening buyer confidence. High churn resulted in a net reduction in the subscriber base during the quarter.

    Dish TV India group CEO and executive director Anil Dua said, “Pay-TV consumer sentiment has been oscillating between indulging in content to sometimes being frugal with it. Consumers have been choosier than ever, often moving between linear and streaming content, as a result renewing their subscriptions less regularly. Dish TV values customers’ changing tastes and preferences and is working towards adapting to and leveraging these emerging trends.”

    Dish TV India’s OTT platform Watcho crossed the 50 million downloads mark at the end of the quarter increasing its presence by 25 million during the year.

    “These are challenging yet exciting times and we are reviewing everything that has existed for years. We are actively looking beyond our contemporary offerings of hybrid boxes and OTT platform Watcho, and are working towards new ways to serve our valued subscribers, both existing as well as new,” he added.

    Dish TV India chairman and managing director Jawaher Goel said, “Competition is always good for the growth of any industry, what is important though is that there should be a level playing field. Pay channel procurement which is subject to strict regulations for the pay-TV sector is under forbearance when it comes to broadcaster owned channels being streamed on their own OTT platforms. This is despite cross-holding restrictions that prevent broadcasters from getting into distribution. Moreover, within pay-TV, DTH is the only business which is subject to a license fee payable to the government. As we work towards keeping up with the times, we also hope that a common licensing regime and forbearance over excessive regulation will be the norm going forward.”

  • Jubilant Foodworks Q4 revenue up by 12.9% at Rs 115.79 cr

    Jubilant Foodworks Q4 revenue up by 12.9% at Rs 115.79 cr

    Mumbai: Jubilant Foodworks on Monday reported 12.9 per cent increase in its revenue from operations at Rs 115.79 crore in the fourth quarter ended March 2022.

    Earnings before interest, taxes, depreciation, and amortization (Ebitda) of Rs 289.7 crore for the year increased to 16.2 per cent. Despite significant cost headwinds, the Ebitda margin at 25 per cent expanded by 73 basis points (bps) year-on-year. Profit after tax of Rs 116.1 crore increased by 11.3 per cent with a margin of 10 per cent.

    During the year, revenue from operations of Rs 433.11 crore increased by 32.5 per cent. Ebitda of Rs 110.46 crore increased by 44.1 per cent with a margin at 25.5 per cent. Profit after tax of Rs 437.5 crore increased by 87.2 per cent with a margin of 10.1 per cent.

    During the quarter, in Sri Lanka, the company registered system sales growth of 80.6 per cent and opened three new stores taking the network strength to 35 stores. In Bangladesh, system sales grew by 44.5 per cent. With the opening of one new outlet, the store count in Bangladesh has reached nine stores. The company has also completed 100 per cent acquisition of its subsidiary with an intention to further strengthen presence and scale of operations in the fast-growing and critical market of Bangladesh.

    Jubilant Foodworks chairman Shyam S. Bhartia and co-chairman Hari S. Bhartia said, “This has been a momentous year for the company on two accounts. A series of timely, strategic investments in strengthening the digital ecosystem for delivery and setting up an integrated supply chain network has helped the company register record revenue, profitability and store growth numbers even in the face of adversity and inflationary challenges. This in turn has enabled us to foray in new categories and make strategic investments which will continue to create significant future value for all stakeholders.”  

    Jubilant Foodworks CEO and wholetime director Pratik Pota said, “Today, our results reinforce our conviction that a vast array of actions we have undertaken over past quarters has helped us strike a remarkable balance of strong top-line growth, bottom-line growth, cash generation, and record network expansion. JFL is a profoundly different, much stronger and more profitable company poised to lead while transitioning to become a multi-brand, multi-country foodtech powerhouse.”

  • Sun TV Q4 consolidated revenue up by 12.84%

    Sun TV Q4 consolidated revenue up by 12.84%

    Mumbai: Sun TV Network has announced its fourth quarter and yearly results for the financial year ended 31 March 2022. The company reported consolidated revenues of Rs 3584.82 crore for the year up by 12.84 per cent as against Rs 3,176.89 crore for the corresponding year ended 31 March 2021. Earnings before interest, taxes, depreciation, and amortization (Ebitda) for the same period was higher by 10.43 per cent at Rs 2,287 crore as against Rs 2,017.38 crore for the previous year.

    The profit after tax (including shares from joint ventures) for the year stood at Rs 1641.91 crore up by 7.65 per cent.

    The advertising revenues of the company for the year stood at Rs 1300.60 crore as against Rs 994.03 crore up by 30.84 per cent year-on-year. Its subscription revenues for the year stood at Rs 1657.13 crore, as against Rs 1,721.48 crore for the previous year.

    For the fourth quarter, the company reported revenue of Rs 833.01 per cent crore up by 6.52 per cent year-on-year. Its profit after tax for the quarter stood at Rs 404.35 crore as against Rs 449.88 crore in the corresponding quarter last year.

    The company’s advertising revenue for the quarter stood at Rs 337.13 crore up by 7.07 per cent. It reported subscription revenue of Rs 416.03 crore for the quarter as against Rs 428.12 crore for the corresponding quarter last year.

    Sun TV Network operates satellite television channels across six languages of Tamil, Telugu, Kannada, Malayalam, Bangla and Marathi, airs FM radio stations across India and owns the SunRisers Hyderabad Cricket franchise of the Indian Premier League and the digital OTT platform SunNXT.

  • UFO Moviez reported revenue of Rs 56.1 crore in Q4 FY22

    UFO Moviez reported revenue of Rs 56.1 crore in Q4 FY22

    Mumbai: In-cinema advertising company UFO Moviez has announced its financial results for the quarter and year ended 31 March 2022. The company’s consolidated revenue for the quarter stood at Rs 56.1 crore. The company reported a loss of Rs 18.9 crore.

    As per the statement, “Theatrical and advertisement revenues continued to remain impacted due to the third wave of Covid-19 pandemic fuelled by the omicron variant. As a result of this new wave and ensuing restrictions, business operations were affected in January and most of February.”

    The company’s consolidated revenue for the financial year stood at Rs 163.9 crore. It reported a loss of Rs 86.9 crore for the year.

    UFO Moviez joint managing director Kapil Agarwal said, “Despite beginning the year on a muted note due to the impact of the second wave of the pandemic, the second half of the year has witnessed an uptick in the recovery. This was despite the third wave of the pandemic affecting business operations in January and for most of February.”
    He added, “Easing of occupancy restrictions and steady release of movies have led to a bounce back in CDC revenues, while advertisement revenues have also begun to see a gradual uptick. In the last few months, several movies irrespective of the budget and genre have been huge hits, proving that moviegoers are returning to theatres in large numbers. In addition, the acceptance of mass appeal in South and other regional movies across India is a healthy sign of the industry’s expansion. It will benefit all industry participants.”

  • Zee Media’s consolidated revenue up 33.6 percent at Rs 866.86 crore for FY22

    Zee Media’s consolidated revenue up 33.6 percent at Rs 866.86 crore for FY22

    Mumbai: Zee Media Corporation has announced its fourth quarter and yearly results for the financial year ended 31 March 2022. The company reported audited consolidated revenues of Rs 866.86 crore for FY 2022 as compared to FY 2021, which was at Rs 649.07 crore. The company witnessed 33.6 percent growth during the same period.

    The network incurred expenditure of Rs 613.2 crore and its operating revenue stood at Rs 247.73 crore up by 35.4 per cent as compared to the corresponding quarter FY 2021. The company’s operating expenditure stood at Rs 189.13 crore up by 54.1 per cent year-on-year (YoY). The company’s earnings before interest, tax, depreciation and amortization (EBIDTA) stood at Rs 58.60 crore during the Q4 FY 2022.

    The company’s advertising revenue for the quarter stood at Rs 237.1 crore up by 39.4 per cent and subscription revenue stood at Rs 9.2 crore. Its advertising revenue for the year stood at Rs 822.6 crore up by 36.4 per cent and subscription revenue stood at Rs 38.49 crore.

    After including exceptional items, Zee Media reported loss of Rs 51.45 crore for the quarter and consolidated loss of Rs 117.72 crore for the year ended 31 March 2022.

    Zee Media operates 14 TV news channels including four national, nine regional languages and one global. It also operates four digital channels and 17 digital properties.

     

  • Balaji Telefilms reported an income of Rs 119 crore for Q4 FY22

    Balaji Telefilms reported an income of Rs 119 crore for Q4 FY22

    Mumbai: Balaji Telefilms has announced its financial results for the fourth quarter and year ended 31 March 2022. The group posted an income of Rs 119 crore for the quarter and a loss of Rs 33.3 crore.

    The group revenues for the year stood at Rs 337 crore and a loss of Rs 133 crore. Altbalaji contributed Rs 102 crore to overall revenues. It sold 3.88 million subscriptions in FY22 excluding subscribers on partner apps. Its direct subscription revenue stood at Rs 52.39 crore.

    The TV business clocked 863 hours of production across seven shows for four broadcasters. There are two more shows lined up and should commence shortly.

    Altbalaji added 13 shows over 12 months on its platform. Its reality show Lock Upp has crossed more than 500 million views. The watch time on the OTT platform stood at 15.75 billion minutes, with an engagement time of 66 minutes. Video views stood at 1.29 billion cumulative to date.

    The company also has seven movie projects in the pipeline with leading actors and directors in the country.

    “The movie business continued to make good progress in completing its productions given that normal operations were fully resumed on account of easing of restrictions,” said the statement. “Further, with the relaxations implemented in terms of re-opening of cinema theatres, the theatrical distribution business is steadily on its way to regain momentum and this has accordingly allowed the company to pursue its monetization strategies for completed productions in terms of theatrical launches as well as deals for direct to digital.”

    The company has seven movies planned for release in FY23 and pre-locked existing deals on a few movies. As part of its strategy, Balaji Telefilms continues to control investments in movies and pursue pre-sales and co-production deals where feasible.

    “The relaxation of COVID-19 restrictions and norms in this financial year allowed us to operate at our optimum efficiency levels,” said Balaji Telefilms Limited managing director Shobha Kapoor. “Altbalaji continues to drive subscription growth and we added 3.88 million subscriptions during the twelve months. We added 13 shows in the twelve months which included the highest watched reality show Lock Upp in OTT space signalling the reach of the business. We continue to have strong controls on the cash spend while driving overall profitability including some strong strategic content sharing deals which allows us to further our growth. Our TV business has shown good recovery in terms of production hours and we hope to improve this momentum as two new shows will commence. In the movie business, production for some exciting projects is at various stages of completion. We closely monitor the availability of theatrical releases and direct to digital launches. Overall, the year has been good and expected to continue the momentum.”

  • NDTV records profit of Rs 17.8 crore in Q4 FY22

    NDTV records profit of Rs 17.8 crore in Q4 FY22

    Mumbai: NDTV Group’s television company NDTV Ltd has recorded revenue of Rs 65.3 crore profit of Rs 17.8 crore for the quarter ended 31 March. The media company reported revenue of Rs 262.13 crore profit of Rs 59.2 crore for the year 2021-2022.

    The annual consolidated profit for the group was Rs 79.7 crore. The group’s profit on core business, excluding gains on investments, has nearly doubled from Rs 38.5 crore to Rs 73.3 crore, according to the statement.

    The company’s digital arm NDTV Convergence has delivered its highest revenue and profit, said the statement. “Its position as the market leader for credible news has helped it consolidate its position as one of the country’s few profitable online content companies.”

    The group has in the year 2021-2022 cut its external liabilities (including borrowings) by Rs 106.4 crore.

    “NDTV thanks with much gratitude each member of its exceptional team for their commitment and contribution to strengthening the group’s financial position and to its focus on independent journalism,” said the company in a statement.