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Tag: financial results

  • Nxtdigital records revenue of Rs 1152.19 crore for FY22

    Nxtdigital records revenue of Rs 1152.19 crore for FY22

    Mumbai: Nxtdigital Ltd on Wednesday announced the results for financial year 2022. The media and communications company recorded revenue of Rs 1,152.19 crore for the year ending 31 March, registering a growth of 14.3 per cent year-on-year.

    The company clocked earnings before interest, depreciation, and taxes (EBIDTA) of Rs 256.22 crore registering a growth of 10.4 per cent YoY. The revenue and EBIDTA for the year include Rs 69.30 crore and Rs 43.88 crore, respectively, arising out of the ‘real estate’ segment of the company.

    The consolidated profit after tax for the year is Rs 1.91 crore as against a loss Rs 13.90 crore in the previous year.

    The company posted consolidated revenue of Rs 344.55 crore in the fourth quarter ended 31 March. It clocked an EBIDTA of Rs 100.41 crore.  Revenue and EBIDTA for the quarter include Rs 69.30 crore and Rs 43.88 crore respectively arising out of the ‘real estate’ segment of the company.

    The media and entertainment segment recorded an EBIDTA of Rs 56.53 crore for the quarter. The consolidated PAT for the quarter stood at Rs 84.46 crore. PAT for the quarter is inclusive of the profit from ‘real estate’ segment of the company.

    “We have remained singularly focused on the changing consumer preferences, in no small measure impacted by the lockdown periods; and have accelerated our digital transformation in line with the same,” said Nxtdigital managing director and CEO Vynsley Fernandes. “Our performance across all segments of our business reflects that mission. Offering a “combo” of digital television, broadband and OTT is now our norm, rather than the exception; whilst we will continue to expand our footprint through the launch of more Nxthubs.”

  • Q4 FY22: Bharti Airtel posts revenues of Rs 31,500 crore

    Q4 FY22: Bharti Airtel posts revenues of Rs 31,500 crore

    Mumbai: Telecom major Bharti Airtel has reported fourth quarter FY 2022 revenues of Rs 31,500 crore, up by 22.3 per cent year-on-year. The company’s consolidated net income stood at Rs 2,008 crore.

    The company reported consolidated revenue of Rs 116,567 crore up by 20.2 per cent YoY and consolidated net income of Rs 4,255 crore.

    The company’s India business posted quarterly revenues of Rs 22,500 crore, up 22.7 per cent YoY. The company’s mobile business grew by 25.1 percent on account of increase in average revenue per user (ARPU). The ARPU for the quarter stood at Rs 178 versus Rs 145 in the corresponding quarter last year.

    The company added 21.5 million 4G customers in the last year and has surpassed over 200 million 4G customers. The average data usage per data customer stood at 18.8 Gbs/month and voice usage per customer stood at 1083 minutes. Its home business segment revenues grew by 45.8 per cent YoY and customer net additions grew by ~323K during the quarter to reach a base of 4.5 million. Its digital TV business had a customer base of 17.6 million at the end of the quarter. Airtel Business grew by 12.9 per cent YoY. Airtel reported 189 million monthly active users (MAUs) across its digital assets including Thanks, Mynk and Xstream.

    “This has been another quarter to cap a full year of consistent and competitive performance across our portfolio,” said Bharti Airtel MD and CEO India and South Asia Gopal Vittal. “Our consolidated revenues for the quarter grew by 5.5 per cent and EBITDA margins expanded to 50.8 per cent, underscoring our focus on all round delivery. The mobile business revenues were up 9.5 per cent as we saw the full flow through of tariff increase. Airtel continues to have the highest ARPU at Rs 178. Our Homes and enterprise business continue to exhibit very strong growth momentum, reflecting the resilience of our overall portfolio. Our strong balance sheet and cash flows have enabled us to further repay some of our spectrum liabilities ahead of schedule and improve our leverage.”

    He further said, “We continue to remain optimistic about the opportunities in the coming years and believe we are well poised as a company for three reasons. First, our ability to execute consistently to a simple strategy of winning with quality customers and delivering the best experience to them. Second, our future proofed business model with massive investments in both infrastructure and digital capabilities. Finally, our financial prudence backed by our strong governance focus.”

  • PVR Ltd reports consolidated revenue of Rs 579.7 crore in Q4 FY22

    PVR Ltd reports consolidated revenue of Rs 579.7 crore in Q4 FY22

    Mumbai: Cinema exhibition chain PVR Ltd has announced its fourth quarter and financial year 2021-2022 results on Monday. The company reported consolidated revenue of Rs 579.7 crore and a loss of Rs 105.5 crore for the quarter ended 31 March. 

    PVR earned Rs 263.3 crore and reported a loss of Rs 289.2 crore for the corresponding quarter. After adjusting for the impact of IND-AS 116 – leases, consolidated revenue stood at Rs 553.6 crore and loss at Rs 95.6 crore in Q4 FY22.

    The company reported consolidated revenue of Rs 1657.1 crore and loss of Rs 488.5 crore for the financial year ended on 31 March 2022. In comparison, the company earned Rs 749.4 crore and made a loss of Rs 748.2 crore last financial year. After adjusting for the impact of IND-AS 116 – leases, the company reported consolidated revenue of Rs 1408.7 crore and a loss of Rs 419 crore for FY22.

    The last 35 days of the fourth quarter were marked with strong content flow across regional and Bollywood genres including films like “Valimai” (Tamil), “Bheemla Nayak” (Telugu), “Gangubai Kathiawadi” (Hindi), “The Kashmir Files” (Hindi) and “RRR” (multilingual) helped admissions cross the 90-lakh mark in March.

    “Similar to Q3 FY’22, the results of Q4 demonstrated the resilience and the ability of the theatrical business to quickly recover once new content was made available,” said the statement. “The short span of the third wave ensured that the rate of infection subsided as drastically as it had peaked. At the onset of the wave, all the states had imposed capacity restrictions on cinema operations. These restrictions were gradually relaxed and were done away with by the end of February.”

    The company had booked forex losses on loans extended to PVR Lanka in March, a subsidiary of PVR Ltd in Sri Lanka, due to the sudden devaluation of the local currency given the political and economic turmoil in the region.

    The company opened 15 screens across three properties in the fourth quarter and plans to open 120-125 new screens in FY 2023.

    The company’s total available liquidity, including undrawn working capital lines on the balance sheet, is in excess of Rs 667 crore at the end of the fourth quarter.

    “Our belief in the ability of the industry to bounce back swiftly was vindicated with this quarter’s results. 90+ lakh admissions in the month of March and a stellar content pipeline for the next few quarters tells us that the best is yet to come,” said PVR Ltd chairman cum managing director Ajay Bijli. “I strongly feel that this year can be the best year this industry has ever seen. We are doubling down on our investments and if everything goes as planned, this year we will break our own record of the maximum number of screens opened in a year in India.”

    “I am extremely positive about the impending merger with Inox which will give additional firepower to the combined entity to invest and innovate in bringing world-class theatrical viewing experience for our discerning audiences,” he added.

  • Inox Leisure reports Rs 706 crore revenues in FY22

    Inox Leisure reports Rs 706 crore revenues in FY22

    Mumbai: Inox Leisure Ltd has announced the results for the financial year (FY) 2021-2022 as well as the fourth quarter (Q4) ended on 31 March. The company’s total revenues for the year stood at Rs 706 crore and earnings before interest, taxes, depreciation and amortisation (EBIDTA) at Rs 87 crore. The company reported profit after tax (PAT) of Rs 164 crore.

    Inox reported advertising revenues of Rs 34 crore “indicating a revival in the preference for cinema advertising,” said the statement.

    The company added another 32 new screens during the financial year and plans to add another 16 properties with 77 screens in FY2. Inox operates 161 multiplexes with 681 screens across 72 cities.

    Inox Leisure reported that 23 million guests visited its cinema properties in FY22 and it recorded its highest ever average ticket price (ATP) of Rs 217 against Rs 170 in the previous financial year. The company also reported highest ever spends per head of Rs 91 up from Rs 77 in the previous FY.

    Inox reported revenues of Rs 325 crore in Q4 FY22 with EBIDTA at Rs 21 crore and PAT at Rs 12 crore. During the quarter exhibited blockbuster films such as “Valimai,” “Bheemla Nayak,” “Gangubai Kathiawadi,” “The Kashmir Files,” “Radhe Shyam,” and “RRR.” Its ATP for the quarter stood at Rs 218 and spends per head stood at Rs 86 whereas occupancy stood at 24 per cent. The company stated that 11 million guests visited Inox cinemas during the quarter. In March 2022, the company reported its highest ever box office and food and beverage (F&B) collection in a single month.

    During the quarter, the company launched a digital wallet called Inox InstaPay that enabled users to make ticket and F&B purchases in return for rewards. It also announced a merger with India’s leading cinema exhibition chain PVR.

  • ViacomCBS rebrands to Paramount; unveils global expansion plans for Paramount+

    ViacomCBS rebrands to Paramount; unveils global expansion plans for Paramount+

    Mumbai: ViacomCBS has announced that it will rebrand to become Paramount Global effective from 16 February.

    In addition to the name change, the media company has detailed plans to accelerate the global momentum behind Paramount+, unveiling new content, enhanced product offerings and continued international expansion at its investor event.

    “Paramount is an idea: A promise to be the best,” said the non-executive chair of the company’s board of directors Shari Redstone. “That promise has always been at the center of what we aspired to build as the steward of more than a century of cinematic excellence, and with businesses and brands that have defined and redefined entertainment for generation after generation. We have made enormous progress, and I have never been more excited about the future of this company.

     

     

    Paramount+ will make its debut in France as an exclusive bundle with CANAL+ Group giving subscribers immediate access through the country’s largest provider. Paramount+ will also be available on an a la carte and direct-to-consumer basis in the French market.

    With Paramount+ and SkyShowtime, the global media company will have streaming services available in more than 60 markets across the UK, Latin America, Canada, Australia, South Korea, the Caribbean and all major markets in Europe by the end of this year. In 2023, the company will look to Asia, Africa and the Middle East, building on Paramount+’s strong momentum to grow its presence in every region of the world.

    Additionally, Paramount+ subscribers in the US will be able to upgrade their subscription to a bundle that includes the Showtime service through two plans, starting in summer.

    The company added 9.4 million global streaming subscribers in the fourth quarter of 2021 led by Paramount+ to add up to 56 million total subscribers and 84 per cent growth in streaming subscription revenue. Its streaming revenues for the quarter stood at $1.3 billion a growth of 48 per cent year-on-year. Its streaming revenue for 12 months ended on 31 December 2021 stood at $4.19 billion.

    “Paramount’s iconic peak represents a rich history for our company as pioneers in the golden age of Hollywood. Today, as we embrace the Paramount name, we are pioneers of an exciting new future,” said president and chief executive officer Bob Bakish.

    “We see a huge global opportunity in streaming, a much larger potential market than can be captured by linear TV and film alone,” continued Bakish. “We’re excited about our ability to not just compete, but thrive, creating significant value for both consumers and shareholders. How? Because we’re broader in four key areas: our diverse content, streaming model, a mix of platforms and global reach. As we look forward, the size of the opportunity we see is matched only by our ambition to seize it.”

    “We are continuing to leverage our global footprint and long-standing relationships to expand Paramount+ into new markets with enormous potential quickly and economically,” commented president and CEO streaming Tom Ryan.

  • Dish TV India reports third-quarter revenue of Rs 7107 million

    Dish TV India reports third-quarter revenue of Rs 7107 million

    Mumbai: Dish TV India Ltd has reported its third-quarter fiscal 2022 results on Monday. The company reported operating revenue of Rs 7107 million for the quarter ended 31 December 20201. Its subscription revenue stood at Rs 6459 million, EBIDTA was Rs 4260 million and profit after tax was Rs 802 million.

    The company paid off debt of Rs 1031 million during the quarter with the resultant interest expense coming down by 57.9 per cent on a year-on-year basis. It had a closing debt of Rs 4535 million at the end of the quarter.

    In the third quarter, Dish TV India ramped up gross acquisitions to almost pre-pandemic levels, though continued dependence on exclusively internal funds restricted the ability of the business to go all out thus keeping net additions under pressure.

    “Consumers typically tend to step up spending during festivals with the season traditionally accounting for the majority of the annual revenues of businesses,” said the statement. “Expecting a similar trend and considering the earlier subdued demand due to repeated waves of the pandemic, Diwali 2021 witnessed aggressive marketing by consumer-focused companies. While higher marketing spends did help generate incremental acquisitions, consumer spending went below par once the pent-up demand was exhausted. Early cases of the third wave of the pandemic in mid-December too had a negative effect on consumption.”

    During the quarter, Dish TV India took a price hike of around 25 per cent on both its standard-definition and high-definition hardware. “With rural stress and inflationary pressures, price-sensitive customers at the bottom of the pyramid remained vulnerable to churn to the free DTH platform. Streaming platforms, as well as content bundling by telecom players, continued to give competition to DTH service providers,” said the statement.

    “As a category, DTH has been facing competition at various levels however the platform has the unique strengths that will continue to set it apart from other video platforms,” said Dish TV India Limited group CEO Anil Dua. “We remain committed to offering the best solution to our subscribers, be it in the linear or OTT space and hope to change the game with innovative offerings and winning partnerships.”

    The Telecom Regulatory Authority of India (Trai), on stakeholders’ request, recently extended the deadline for enforcing the new tariff order (NTO) 2.0 to 1 June from the earlier fixed deadline of 1 April.

    “The DTH industry has been working on the implementation of the new tariff order (NTO) keeping in mind the earlier deadline however the extended timeline will give us even more time to sort out any migration issues,” said Dish TV India Limited CMD Jawahar Goel. “We would also be watching the developments on the litigation front while simultaneously working towards implementation of the order.”

  • ALTBalaji adds 3.48 mn subscriptions in 9MFY22; direct sub revenue at Rs 45 cr

    ALTBalaji adds 3.48 mn subscriptions in 9MFY22; direct sub revenue at Rs 45 cr

    Mumbai: Balaji Telefilms announced its third quarter financial results for FY 2022. The company’s quarterly income from operations at the end of 31 December 2021 stood at Rs 76.2 crore. It posted a net loss after tax of Rs 26.4 crore for the quarter.

    The company reported that total subscriptions sold for their OTT platform ALTBalaji for the third quarter year-to-date FY22 stood at 3.48 million. The direct subscription revenue was recorded at Rs 45 crore.

    Engagement time on the video-on-demand platform was recorded at 82 minutes with a watch time of 15.45 billion in minutes. Till date, cumulative video views on the platform stands at 1.26 billion.

     ALTBalaji added 11 shows in the nine months and has taken the overall library to 89+ shows.

    The company said its TV business continued normal in the past nine months with 618 hours of production across seven shows and a strong pipeline for the year. “Three new shows have been lined up and should commence shortly,” said the company statement.

    The company also has five film projects in the pipeline. “Movie business resumed production and the company made good progress,” said the company adding that it continues to wait for availability for theatrical launch windows and looking at deals across direct to digital as well. As part of its strategy it continues to control investments in movies and pursue pre-sales and co-production deals where feasible.

    “ALTBalaji continues to drive subscription growth and we added 3.48 million subscriptions during the nine months,” said Balaji Telefilms managing director Shobha Kapoor. “We added 11 shows in the nine months and now have a solid line up for the rest of the year. Our strategic content sharing deals will ensure we control on the cash spend while driving overall profitability. Our TV business has shown good recovery in terms of production hours and we hope to improve this momentum as three 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.”

  • Sun TV Q3 revenue excluding IPL up 27.76% to Rs 975.16 crore

    Sun TV Q3 revenue excluding IPL up 27.76% to Rs 975.16 crore

    Mumbai: Sun TV Network has posted its results for the third quarter of FY 2022. The media company’s revenue for the quarter, excluding the IPL, has increased by 27.76 per cent year-on-year to Rs 975.16 crore. Its overall revenues were at Rs 1033.10 crore and saw a growth of 6.25 per cent versus the same period year-on-year (31 December 2020).

    The EBIDTA for the quarter grew by 20.18 per cent at Rs 721.87 crore and profit before taxes grew marginally by 2.90 per cent over the corresponding quarter ended 31 December 2020.

    The profit after taxes (excluding the IPL) stood at Rs 437.89 crore up by 14.44 per cent YoY and the overall profit after taxes grew by 3.52 per cent to Rs 457.39 crores as against the corresponding quarter year-on-year.

    The total comprehensive income for the quarter was up by 3.52 per cent at Rs 457.20 crore YoY. The earnings per share for the current quarter grew by 3.52 per cent at Rs 11.61 as against Rs 11.21 for the corresponding quarter ended 31 December 2020.

    Sun TV’s board of directors has declared an interim dividend of Rs 2.50 per share (50 per cent) on a face value of Rs five per share.

    During the current quarter, Sun Pictures had released the blockbuster film “Annaatthe” starring superstar Rajinikanth.

  • NDTV Group posts Rs 27.6 crore profit after tax in Q3 FY22

    NDTV Group posts Rs 27.6 crore profit after tax in Q3 FY22

    Mumbai; NDTV Group on Thursday posted its third-quarter financial results for FY 2022. The media company reported a profit after tax of Rs 27.6 crore. Its TV business reported a profit of Rs 17.3 crore for the third quarter.

    The group’s year-to-date profit stands at Rs 55.6 crore out of which its TV business generated Rs 41.4 crore.

    NDTV’s digital arm NDTV Convergence saw a profit of Rs 12.2 crore during the quarter. “This quarter is the company’s second-highest ever for profit after tax; the best quarter in this regard was within the last year, further establishing Convergence as a consistently profitable online content company which is delivering aggressive growth,” said the statement.

    The group reported that its external liabilities have decreased by Rs 69.2 crore so far in the financial year. Bank borrowings for the group have also shrunk by Rs 42.8 crore year-to-date.

    “These results have been achieved amid the many difficulties posed by the pandemic. NDTV’s reporters and production crews have performed outstandingly, often while being at some risk themselves, delivering the latest and most credible information from across the country on Covid developments; for this, the company is deeply grateful, as also extremely proud,” said the statement.

  • Zee Media’s Q3 operating revenue up 31.7 % to Rs 2,428.1 million

    Zee Media’s Q3 operating revenue up 31.7 % to Rs 2,428.1 million

    Mumbai: Zee Media on Thursday announced its consolidated revenues for the third quarter of FY 2022. The media conglomerate reported operating revenues of Rs 2,428.1 million up by 31.7 per cent year-on-year. The company had reported operating revenue of Rs 1,843.9 mn in Q3 during the previous year.

    The total consolidated revenue was reported to be Rs 6,191.3 mn upto the third quarter ended FY 2021-22. The operating expenditure increased by 33.9 per cent to Rs 1,553.1 mn in Q3FY22 from Rs 1,160.2 mn in Q3FY21, it said.

    The profit after tax (PAT) was recorded at  Rs 454.6 million which saw a growth of 31.9 per cent YoY. The company’s advertising revenues stood at Rs 2,317.1 million up by 33.7 per cent, while the subscription revenues remained flat at Rs 96.8 million.

    Zee Media operates 14 news channels comprising one global, three national and ten regional language channels and is one of the largest TV news networks in the country. Its Hindi news channel Zee News garners 279 million video views on YouTube.

    In January, the company expanded its regional footprint by launching four digital channels namely Zee Tamil News, Zee Telugu News, Zee Kannada News, and Zee Malayalam News.

    Its digital assets combined 17 brands in 11 languages which received 4.23 billion page views during the quarter and 328 million monthly active users (MAUs).