ITV

Tag: financial results

  • FY-2015: Hindustan Media Ventures revenue up 12%, PAT up 26.7%

    FY-2015: Hindustan Media Ventures revenue up 12%, PAT up 26.7%

    BENGALURU: Publisher of Hindi newspaper Hindustan, Hindi socio cultural magazine Kadambini and children’s Hindi magazine Nandan, Hindustan Media Ventures Limited (HMVL – not to be confused with HT Media Limited of Hindustan Times, Mint and Fever FM fame) reported 12.2 per cent increase in Total Income from Operations (TIO) in FY-2015 to Rs 818.58 crore as compared to the Rs 729.72 crore in FY-2014. TIO in Q4-2014 (quarter ended 31 March, 2015, current quarter) at Rs 199.3 crore grew 8.4 per cent from Rs 183.88 crore in Q4-2014, but declined 3.7 per cent from Rs 206.87 crore in the immediate trailing quarter.

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

    HMVL reported a 26.7 per cent hike in profit after tax (PAT) in FY-2015 at Rs 140.86 crore as compared to the Rs 111.121 crore in FY-2014. PAT in Q4-2015 improved 43.1 per cent to Rs 38.94 crore as compared to the Rs 27.21 crore in Q4-2014 and improved 6.5 per cent as compared to the Rs 36.58 crore in the immediate trailing quarter.

    Advertising and circulation revenues:

    The company’s advertising revenue in FY-2015 grew 12.5 per cent to Rs 596.50 crore as compared to the Rs 530 crore in the previous year. Ad revenue in Q4-2015 at Rs 146.6 crore was 10.3 per cent more than the Rs 132.9 crore in the corresponding year ago quarter, but declined 3.7 per cent as compared to the Rs 152.2 crore in Q3-2015.

    Circulation revenue in FY-2015 at Rs 200.70 crore improved 12.6 per cent from Rs 178.20 crore in FY-2014. Q4-2015 circulation revenue was 11.6 per cent higher at Rs 50.80 when compared to the Rs 45.5 crore in Q4-2014, but declined by 0.4 per cent as compared to the Rs 51 crore in Q3-2015.

    Let us look at the other numbers reported by HMVL:

    The company’s total expenditure (TE) in FY-2015 at Rs 676.41 crore was up 12.7 per cent from Rs 600.04 crore in FY-2014. TE in Q4-2015 at Rs 163.3 crore was five per cent more than the Rs 155.58 crore in Q4-2014, but 5.6 per cent lower than the Rs 172.91 crore in Q3-2014.

    A major component of HMVL’s TE is cost of raw materials (RM). In FY-2015, HMVL’s RM cost at Rs 337.40 crore was 12.3 per cent more than the Rs 300.44 crore in FY-2014. RM cost in Q4-2014 at Rs 79.14 crore was two per cent lower than the Rs 80.76 crore in the corresponding year ago quarter but 8.7 per cent lower than the Rs 86.69 crore in Q3-2015.

    The company’s employee benefit expense (employee cost) in FY-2015 at Rs 108.6 crore was 23.4 per cent more than the Rs 86.55 crore in FY-2014. In Q4-2015, employee cost at Rs 26.52 crore was 22.1 per cent more than the Rs 21.72 crore in Q4-2014, but 3.5 per cent lower than the Rs 26.52 crore in Q3-2015.

    Company Speak

    HMVL chairperson Shobana Bhartia said, “We are pleased to report that we grew faster than the industry in terms of both revenue and profits. We did this despite an increase in our structural costs and a difficult operating environment. The year also saw us cement our number two position in Uttar Pradesh and Delhi, even as we retained our leadership positions in Uttarakhand, Bihar and Jharkhand by a wide margin. Our robust performance, coupled with expected improvement in the macroeconomic environment, gives us confidence that we will continue to outperform the market in the coming year. Our established brand, increasing readership and a healthy balance sheet provide us with a strong grounding for the future.”

  • FY-2015: TV Today reports 22.4% income growth, PAT up 32.2%

    FY-2015: TV Today reports 22.4% income growth, PAT up 32.2%

    BENGALURU: TV Today Network Limited (TVTN) reported 22.4 per cent growth in Total Income from Operations (TIO) to Rs 476.58 crore as compared to the TIO of Rs 389.44 crore in the previous year. Profit after tax (PAT) for the current year grew 32.2 per cent to Rs 81.03 crore from Rs 61.32 crore in FY-2014. TIO for Q4-2015 at Rs 114.15 crore was 17.2 per cent more than the Rs 97.41 crore in the corresponding year ago quarter but 9.9 per cent lower than the Rs 126.68 crore in Q3-2015.

     

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

     

    TVTN PAT for Q4-2015 at Rs 8.69 crore declined 45.2 per cent as compared to the Rs 15.85 crore in Q4-2014 and was 67 per cent less than the Rs 13.21 crore in the immediate trailing quarter.

     

    Let us look at the other numbers posted by TVTN:

     

    TVTN reported other income of Rs 22.69 crore in FY-201; Rs 11.70 crore in FY-2014; Rs 10.97 crore in Q4-2015; Rs 5.01 crore in Q4-2014 and Rs 4.24 crore in Q3-2015.

     

    The company’s total expenses (TE) for FY-2015 increased 23.2 per cent to Rs 374.90 crore from Rs 304.35 crores in the previous year. TE in Q4-2015 at Rs 112.70 crore was 45.8 per cent more than the Rs 77.31 crore in Q4-2014 and 24.6 per cent more than the Rs 90.48 crore in the preceding quarter.

     

    Production cost in FY-2015 at Rs 54.46 crore was 32.5 per cent more than the Rs 41.09 crore in FY-2014. Q4-2015 production cost increased 37.7 per cent in Q4-2015 to Rs 17.94 crore as compared to the Rs 13.03 crore in Q4-2014 and was 50 per cent more than the Rs 11.96 crore in Q3-2015.

     

    The company’s advertisement, distribution and sales promotion expense (ad expense) in FY-2015 at Rs 101.75 crore was 18.7 per cent more than the Rs 85.74 crore in FY-2014. Ad expense for Q42015 was 80.3 per cent more at Rs 32.68 crore as compared to the Rs 18.12 crore in Q4-2014 and was 30.4 per cent more than the Rs 25.06 crore in Q3-2015.

     

    Segment Results:

     

    TV Broadcasting

     

    TVTN’s TV Broadcasting segment reported 23.3 per cent operating revenue growth in FY-2015 to Rs 461.08 crore as compared to the Rs 374.06 crore in FY-2014. The segment’s operating revenue in Q4-2015 improved 22.5 per cent to Rs 114.54 crore as compared to the Rs 93.5 crore in the corresponding year ago quarter, but declined 9.6 per cent as compared to the Rs 126.68 crore in Q3-2105.

     

    The segment reported 22.1 per cent growth in operating profit to Rs 126.71 crore in FY-2015 as compared to the Rs 103.75 crore in FY-2015. In Q4-2015, operating profit declined 45.9 per cent to Rs 14.90 crore as compared to the Rs 27.55 crore in Q40-2014 and fell to less than the half (38 per cent) of the Rs 39.22 crore in the immediate trailing quarter.

     

    FM Radio Broadcasting

     

    TVTN’s FM Radio Broadcasting segment reported 0.6 per cent growth in operating revenue to Rs 15.48 crore in FY-2015 as compared to the Rs 15.38 crore in FY-2014. Operating revenue for the segment declined 0.3 per cent in Q4-2015 to Rs 3.90 crore as compared to the Rs 3.91 crore in Q4-2015 and declined fourper cent as compared to the Rs 4 crore reported in Q3-2015.

  • Dish Network Q1-2015 revenue up 5.3%; income doubles despite losing subscribers

    Dish Network Q1-2015 revenue up 5.3%; income doubles despite losing subscribers

    BENGALURU: US subscription Pay TV service company Dish Network Corporation reported 5.3 per cent growth in revenue for the quarter ended 31 March, 2015 (Current quarter, Q1-2015) at $3724.23 million as compared to the $3594.20 million in the corresponding year ago quarter.

    Dish Network’s income almost doubled (up 99.8 per cent) to $358.49 million in the current quarter as compared to the $175.93 million in Q1-2014. Consequently diluted earnings per share (diluted EPS) doubled to $0.76 from $0.38.
     

    The company activated approximately 554,000 gross new Pay-TV subscribers compared to approximately 639,000 gross new Pay-TV subscribers in the prior year’s first quarter. Net Pay-TV subscribers declined by approximately 134,000 or 21.8 per cent in Q1-2015. The company closed the current quarter with 13.844 million Pay-TV subscribers, compared to 14.097 million Pay-TV subscribers in Q1-2014.
     

    Pay-TV ARPU (average revenue per user) for the first quarter totalled $86.01, 4.4 per cent higher as compared to Q1-2014 Pay-TV ARPU of $82.36. The company reveals that Pay-TV subscriber churn rate was higher at 1.65 per cent versus 1.42 per cent for Q1-2014.
     

    Higher ARPU meant that subscriber revenue increased 3.7 per cent to $3688.92 million in Q1-2015 from $3556.19 million in the previous year. Equipment related revenue was almost flat at $22.47 million in Q1-2015 as compared to the $22.24 million in the corresponding quarter of last year. Echo Star revenue (Equipment sales, services and other revenue) declined 18.6 per cent in Q1-2015 to $12.84 million as compared to the $15.77 million in Q1-2014.
     

    Subscriber related expenses rose 4.5 per cent to $2162.77 million in Q1-2015 from $2069.13 million in the corresponding year ago quarter. Satellite and transmission costs in the current quarter rose 25 per cent to $186.84 million from $149.5 million in Q1-2014. Subscriber acquisition cost declined 11.6 per cent to $396.92 million in Q1-2015 as compared to $449.15 million in the year ago quarter.

  • Sony Pictures revises Q3 results; posts profit of $51 million

    Sony Pictures revises Q3 results; posts profit of $51 million

    MUMBAI: Sony Pictures has posted a profit of $51 million in the quarter ended 31 December, 2014, which is the same period that was affected by the email hacking attack. This more than the $20 million profit figure that the company had anticipated in February this year. The profit was down 75 per cent from the year-ago period in yen.

     

    Sony Pictures’ revenue stood at $1.71 billion for the fiscal third quarter, up from the company’s estimate of $1.63 billion. When compared to the same quarter in 2013, the company’s revenue was down 20 per cent on a dollar basis, but only 7.7 percent in yen. The significant decrease in revenue on a US dollar basis was primarily due to a decrease in sales for motion pictures and TV productions. The decrease in motion pictures sales was due to significantly lower home entertainment and theatrical revenues. 

     

    The decrease in TV production sales was attributed to the same quarter of the previous fiscal year benefitting from higher home entertainment and subscription video on demand (SVoD) revenues from the US television series Breaking Bad.

     

    It may be recalled that Sony had delayed its third quarter earnings owing to the hacking of its servers last year.

     

    Additionally, the mother company – Sony Corp’s official Q3 operating profit stood at $1.5 billion, which was up 2.2 per cent from the estimate it reported last month.

  • Q3-2015: Sterling Holiday Resorts q-o-q sales promo spend up 6.2 per cent

    Q3-2015: Sterling Holiday Resorts q-o-q sales promo spend up 6.2 per cent

    BENGALURU: Sterling Holiday Resorts (India) Limited (Sterling Holidays) reported sales promotion spend (Sales Promo) in Q3-2015 at Rs 4.77 crore (10.4 per cent of net sales), which was 6.2 per cent more than the Rs 4.49 crore in the immediate trailing quarter and 65.1 per cent more than the Rs 2.89 crore (8.4 per cent of net sales) in the corresponding year ago quarter. YTD, (9 month period ended December 31, 2014, 9M-2015) the company’s Sales Promo spends at Rs 11.46 crore (9.1 per cent of net sales) was 12.3 per cent more than the Rs 10.21 crore (10.8 per cent of sales promo) for 9M-2014.

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

    During the 12 quarter period starting Q4-2012 until the current quarter, sales promo spends show a linear increasing trend in terms of absolute rupees. However, in terms of percentage of net sales, the linear trend is reducing. The company’s highest sales promo spends in terms of absolute rupees as well as in terms of percentage of net sales was in Q2-2013 at Rs 5.10 crore and 21.7 per cent of net sales.

    The company’s net sales in Q3-2015 at Rs 45.67 crore was 32.9 per cent more than the Rs 34.37 crore in Q3-2014 and was 21.9 per cent more than the Rs 37.41 crore in Q2-2015. For 9M-2015, net sales at Rs 125.97 crore was 32.9 per cent more than the Rs 94.78 crore in 9M-2014. The company’s net sales show a linear increasing trend during the period under consideration.

    The company has in general been a loss making company. Please refer to Fig 2 above. However, for Q4-2015, the company has reported a profit of Rs 0.82 crore as compared to a loss of Rs 1.74 crore in Q3-2014 and a loss of Rs 3.73 crore in Q2-2015. For 9M-2015, loss was Rs 1.83 crore as compared to a loss of Rs 11.46 crore in 9M-2013.

    In its earnings release, the company says that Total Operating Income (TOI) increased 29 per cent to Rs 49.71 crore in Q3-2015 from Rs 38.4 crore in Q3-2014. TOI in 9M-2015 increased 30 per cent to Rs 138.03.

    Sterling Holidays says that income from sale of vacation ownership plans grew by 52.5 per cent to Rs 25.2 crore in the current quarter from Rs 15.5 crore in the year ago quarter. YTD, sales income from Vacation Ownership plans rose a whopping 54 per cent to Rs 65.44 crore in 9M-2015 as compared to the Rs 42.54 crore reported for corresponding period of last year.

    Income from Resort operations grew by 12.3 per cent to Rs 16.22 crore in Q3-2015 from 14.44 crore in Q3-2014. YTD, Income from Resort operations increased by 17 per cent to Rs 49.31 crore in 9M-2015 from 42.13 crore in 9M-2014.

    Sterling Holidays managing director Ramesh Ramanathan said, “The sustained growth of all our business verticals reflects a healthy trend that we are progressing in the right direction. With a fast expanding pan India resort network and multiple holiday offerings, Sterling is in a unique position to grow rapidly into India’s leading holiday company.”

    With effect from 3 September, 2014, Sterling Holidays became a wholly owned subsidiary of Thomas Cook Insurances Services (India) Limited – (TCISL). As of 31 December, 2015, Thomas Cook (India) Limited through its subsidiaries hold 55.07 per cent of the equity shareholding of the company.

  • Q1-2015: HT Media reports flat results and pared profits

    Q1-2015: HT Media reports flat results and pared profits

    BENGALURU: HT Media (HT Media) reported almost flat revenue in Q1 2015 at Rs 540.51 crore, just 1 per cent more y-o-y than the Rs 540.93 crore in Q1 2014 and 0.5 per cent more than revenue of Rs 543.84 crore in Q4 2014.

     

    Note: (1) Rs 100 lakh = Rs100,00,000 = Rs 1 crore = Rs 10 million.

     

    (2) All figures in this report are consolidated figures filed by the company, except for Advertising & Sales Promotion (ASP), which are the standalone figures filed by HT Media.

     

    The company’s Q1 2015 PAT fell 6.2 per cent q-o-q to Rs 32.67 crore as compared to the Rs 34.84 crore in Q4 2014 and was 36.7 per cent less than the Rs 51.58 crore in Q1 2014. Q-o-q PAT was affected by higher employee benefits, higher other expense, higher depreciation and amortisation (depreciation) and higher loss from its digital and unallocated segment and lower operating results from its printing segment.

     

    HT Media’s radio segment, which contributed just 4.4 per cent to the total revenue in Q1 2015, saw a rise of 4.8 per cent in operating revenue to Rs 23.97 crore as compared to the Rs 22.88 crore in Q4 2014 and a rise of 12 per cent as compared to the Rs 21.41 crore in Q1 2014. The radio segment’s operating result dipped 5 per cent in Q1 2015 to Rs 4.57 crore as compared to the Rs 4.81 crore in Q4 2014 and was 24.5 per cent more than the Rs 3.67 crore in Q1 2014. The company operates four radio stations in the country under the brand Fever 104 FM.

     

    HT Media’s printing segment which contributes to more than 90 per cent of its top line and bottom line saw an increase of 1.2 per cent in its revenue to Rs 501.54 crore in Q1 2015 from Rs 495.65 crore in Q4 2014 and was 0.6 per cent less than the Rs 505.58 crore in Q1 2014. The segment reported a 17.3 per cent drop in operating results to Rs 64.55 crore in Q1 2015 from Rs 78.04 crore in Q4 2014 and a 20.8 per cent fall as compared to the Rs 81.46 crore in Q1 2014.

     

    HT Media’s digital segment operating revenue grew 8.7 per cent in Q1 2015 to Rs 23.72 crore from Rs 21.82 crore in Q4 2014 and was 39.1 per cent more than the Rs 17.05 crore in Q1 2014. The segment’s operating loss widened from Rs 7.58 crore in the last quarter to Rs 12.19 crore in Q1 2015.

     

    Loss from the unallocated segment also grew in Q1 2015 to Rs 22.28 crore from Rs 21.49 crore in the immediate trailing quarter.

     

    HT Media’s employee benefit expense in Q1 2015 was Rs 125.16 crore, in Q4-2014 it was Rs 105.76 crore and in Q1 2014, it was Rs 105.52 crore. Depreciation figures were Rs 27.34 crore in Q1 2015; Rs 21.61 crore in Q4 2014 and Rs 21.86 crore in Q1 2014.

     

    The company’s advertisement and sales promotion expense (standalone basis) in Q1 2015 at Rs 25.85 crore was 1.1 per cent more than the Rs 25.26 crore in Q4 2014.

  • Pressman Advertising reports 6 per cent q-o-q revenue growth for Q2-2014

    Pressman Advertising reports 6 per cent q-o-q revenue growth for Q2-2014

    BENGALURU: Pressman Advertising Limited (Pressman), probably the first advertising agency that was listed on the NSE and BSE last month reported a revenue growth of 5.9 per cent for Q2-2014 at Rs10.15 crore as compared to the Rs 9.58 crore for the immediate trailing quarter Q1-2014.

     

    PAT for Q2-2014 was about 1.1 per cent lower at Rs 1.9975 crore than the Rs 2.0198 crore for Q1-2014. The company reported revenue of Rs 46.96 crore and a PAT of Rs 6.29 crore for FY-2013 and paid a dividend of 40 per cent.

     

    In Q1-2014, the company had released Rs 1.461 crore that had been earlier written off and this amount helped in inflating the profit for that quarter. This year the company has added Rs 0.6 crore to exceptional items – write back of liability provided for earlier year no longer required.

     

    Expenditure for Q2-2014 at Rs 8.89 crore was 3.2 per cent lower than the Rs 9.18 crore for Q1-2014. Cost or services for Q2-2014 at Rs 7.49 crore was 4 per cent lower than the Rs 7.8 crore for Q1-2014.

     

    For the half year ended 30 September 2013, the company’s gross income (including  exceptional items) stood at Rs 22.089 crore and PAT at Rs 4.02 crore. As on 31 March 2013, the company had Reserves and Surplus (excluding revaluation reserves) of Rs13.75 crore on a paid up capital of Rs 4.6966 crore.

     

    Notes: (1) The name of the company has changed from Nucent Estates Limited to Pressman Advertising Limited with effect from 22 August 2013.

     

    (2) Current quarter/half-year’s figures are not comparable for those of last year on account of effect of amalgamation
    (3) Please read the attached financial results