ITV

Tag: Financial

  • Q3-2015: PVR reports almost four fold Q2-2015 PAT

    Q3-2015: PVR reports almost four fold Q2-2015 PAT

    BENGALURU: Last fiscal (FY-2014), Indian motion picture exhibition, production and distribution house PVR Limited (PVR) entered the Rs 1000 crore club by posting operating income (TIO) of Rs 1351.23 crore for the year. The company’s PAT in Q3-2015 almost quadrupled (went up 3.88 times) to Rs 31.59 crore from Rs 8.15 crore and was 2.27 times the PAT of Rs 13.91 crore in the corresponding quarter of last year (Q3-2014). However, year to date (TTD) PAT for 9M-2015 at Rs 47.2 crore was 15 per cent less than the Rs 55.33 crore in 9M-2014.

     

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

     

     In Q3-2015, the company recorded a rise in TIO of 5.3 per cent to Rs 419.35 crore from Rs 399.30 crore in the immediate trailing quarter and recorded a 24.8 per cent jump from the Q3-2014 TIO of Rs 336.66 crore. In 9M-2015, PVR reported TIO of Rs 1182.77 crore, up 14.1 per cent from the Rs 1037 crore in 9M-2014.

     

    Let us look at the other Q2-2015 and HY-2015 numbers reported by PVR:

     

     PVR reported a drop in Total Expenditure in Q3-2015 of 0.6 per cent at Rs 369.47 crore as compared to the Rs 372.66 crore for Q2-2015, and 19.9 per cent more than the Rs 308.24 crore in Q3-2014. For 9M-2015, TE was 18.1 per cent higher at Rs 1078.81 crore against Rs 913.54 crore in 9M-2014.

     

     The company’s Film Exhibition Cost (FEC) in Q3-2015 went up 5.6 per cent to Rs 98.49 crore from Q2-2015 FEC of Rs 93.25 crore and was 18.2 per cent more than the Rs 83.34 crore in Q3-2014. 9M-2015 FEC at Rs 279.22 crore was 7 per cent more than the Rs 260.89 crore in 9M-2014.

     

     The cost of Food and Beverages consumed (food) in Q3-2015 at Rs 30.05 crore was 4.9 per cent more than the Rs 28.65 crore in Q2-2015 and was 37.3 per cent more than the Rs 21.89 crore in Q3-2014. For 9M-2015 food costs rose sharply by 23.5 per cent to Rs 86.33 crore from Rs 69.92 crore in 9M-2014.

     

     PVR’s other expense (OE) in Q3-2015 at Rs 39.85 crore also increased by 9.5 per cent from Rs 32.78 crore in Q2-2015 and was 22.7 per cent more than the Rs 32.49 crore in Q3-2014. OE in 9M-2015 was up by 21.6 per cent at Rs 116.88 crore as compared to the Rs 96.1 crore in 9M-2014.

     

    Segment Revenue

     

     Three segments add to PVR’s numbers – movie exhibition, movie production and distribution and others that comprises bowling, gaming and restaurant services.

     

     Movie Exhibition

     

     The largest contributor to PVR revenues is movies exhibition. Revenue from this segment increased 7.1 per cent to Rs 393.48 crore from Rs 367.28 crore in Q2-2015 and increased 24.7 per cent from Rs 315.59 crore in Q3-2014. For 9M-2015, revenues from the movies exhibition segment increase 13.1 per cent to Rs 1099.89 crore from Rs 971.90 crore in 9M-2014.

     

    Though this segment reported an 82.6 per cent growth in operating profits to Rs 50.55 crore in Q3-2015 from Rs 27.14 crore in Q-2015 and growth of 83.3 per cent from Rs 27.58 crore in Q3-2014, its operating profit fell 15.9 per cent in 9M-2015 to Rs 104.06 crore from Rs 123.74 crore in 9M-2014.

     

    Movie production and distribution

     

    Revenue from PVR’s MPD segment in Q3-2015 fell 37.2 per cent to Rs 11.85 crore from Rs 18.87 crore in Q2-2015 and was 75 per cent more as compared to the Rs 6.77 crore in Q3-2014. In 9M-2015, revenue from the MPD segment went up 2.01 times to Rs 37.71 crore from Rs 18.72 crore in 9M-2014.

     

    This segment returned an operating profit of Rs 0.43 crore in Q3-2015, Rs 1.34 crore in Q2-2015 and an operating profit of Rs 2.54 crore in Q3-2014. For 9M-2015, this segment reported a lower operating profit of Rs 1.21 crore versus an operating profit of Rs 1.59 crore in 9M-2014.

     

    Others

     

    PVR’s Others segment reported a 4.5 per cent increase in revenue in Q3-2015 to Rs 19 crore from Rs 18.19 crore in Q2-2015 and an increase of 10.2 per cent from Rs 17.24 crore in Q3-2104. For 9M-2015, this segment’s revenue at Rs 56.69 crore was 3.3 per cent more than the Rs 54.86 crore in 9M-2014.

     

    Loss from PVR’s Other segment was lower at Rs 0.13 crore in Q3-2015 as compared to the Rs 0.96 crore in Q2-2015 and loss of Rs 1.65 crore in Q3-2014. For 9M-2015, loss from this segment was lower at Rs 1.34 crore as compared to a loss of Rs 1.67 crore in Q3-2014.

  • Q3-2015: Just Dial y-o-y income up 28.8 per cent

    Q3-2015: Just Dial y-o-y income up 28.8 per cent

    BENGALURU: Indian search engine and directory services provider Just Dial Limited (Just Dial) reported a 28.8 per cent jump in its total income from operations (TIO) in Q3-2015 to Rs 154.42 crore from Rs 119.86 crore in Q3-2014 and a 4.8 per cent increase from the Rs 147.40 crore in Q2-2015. In 9M-2015, the company’s TIO increased 29.6 per cent to Rs 436.85 crore from Rs 337.08 crore in 9M-2014.

     

    Let us look at the other numbers reported by Just Dial:

      

    Just Dial’s PAT for Q3-2015 increased 8 per cent to Rs 32.14 crore (20.8 per cent of TIO) from Rs 29.75 crore (24.8 per cent of TIO) in the corresponding quarter of last year and was 2.1 per cent more than the Rs 31.49 crore (21.4 per cent of TIO). PAT during 9M-2015 at Rs 91.73 crore (21 per cent of TIO) was 6.1 per cent more than the Rs 86.46 crore (25.6 per cent of TIO) in 9M-2014.

     

    The company’s Total Expenditure (TE) in Q3-2015 at Rs 110.42 crore (71.5 per cent of TIO) was 21.6 per cent more than the Rs 90.77 crore (75.7 per cent of TIO) in Q3-2014 and was 0.6 per cent less than the Rs 111.11 crore (75.4 per cent of TIO) in Q2-2015. TE in 9M-2015 at Rs 328.27 crore (50.8 per cent of TIO) was 33.9 per cent more than the Rs 245.18 crore (72.7 per cent of TIO) in 9M-2014.

     

    Employee Benefit Expense (EBE) is the major expense head for Just Dial. EBE in Q3-2015 at Rs 78.64 crore (50.9 per cent of TIO) was 31.9 per cent more than the Rs 59.64 crore (49.8 per cent of TIO) in Q3-2014 and 3.8 per cent more than the Rs 75.78 crore (51.4 per cent of TIO) in Q2-2015. EBE in 9M-2015 at Rs 221.76 crore (50.8 per cent of TIO) was 33.5 per cent more than the Rs 166.16 crore (49.3 per cent of TIO) in 9M-2014.

     

    Just Dial reported depreciation and amortisation expense (Depreciation) of Rs 6.11 crore (4 per cent of TIO), which was 43.8 per cent more than the Rs 4.25 crore (3.5 per cent of TIO) in Q3-2014 and was 3.2 per cent less than the Rs 6.31 crore (4.3 per cent of TIO) in Q2-2015. In 9M-2015, depreciation at Rs 18.13 crore (4.2 per cent of TIO) was 40.2 per cent more than the Rs 12.93 crore (3.8 per cent of TIO) in 9M-2014.

     

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

  • Q3-2015: Emami q-o-q marketing expenses up 16 per cent; PAT doubles

    Q3-2015: Emami q-o-q marketing expenses up 16 per cent; PAT doubles

    BENGALURU: Over the past 12 quarters, Q3 of a financial year has traditionally been a good quarter for Emami Limited (Emami). The company’s advertisement and sales promotional spends have been highest during the period under consideration. Following its past convention, Emami increased its advertisement and sales promotion (ASP) spends in Q4-2015 by 16 per cent to Rs 119.25 crore (17.2 per cent of Total Income from Operations or TIO) from Rs 102.84 crore (21 per cent of TIO) in the immediate trailing quarter (Q2-2015) and 35.7 per cent more than the Rs 87.85 crore (15 per cent of TIO) in the corresponding year ago quarter (Q3-2014). During 9M-2015 (YTD), the company’s ASP was up 37 per cent to Rs 312.19 crore (18.8 per cent of TIO) from Rs 227.88 crore (16.6 per cent of TIO) in 9M-2014.

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

    During a 12 quarter period starting Q4-2013 until the current quarter, Emami’s Q3-2015 ASP is the highest so far in terms of absolute rupees – Rs 119.25 crore (17.2 per cent), but Q2-2015 ASP in terms of per centage of TIO was highest at 21 per cent (Rs 102.84 crore). Fig A below indicates a steep upward linear trend for ASP in terms of absolute rupees and an upward linear gradient for ASP in terms of per centage of TIO. Traditionally, during the last three financial years (FY-2012, FY-2013, FY-2014), Emami’s ASP has been lowest in the fourth quarter and if the company follows the same trend, a drop in ASP for Q4-2015 can be expected.

    Among the brands in Emami’s portfolio are Zandu, Zandu Balm, Himani Navratna, BoroPlus, Fair and Handsome, Emami Vasocare, Emami Mentho Plus, Himani Fast Relief, Zandu Sona Chandi Chyawnprash Plus, Zandu Kesari Jivan, etc.

    PAT and Income

    Emami’s PAT in Q3-2015 almost doubled (grew by 98 per cent) to Rs 183.70 crore (26.5 per cent of TIO) from Rs 92.76 crore (18.9 per cent of TIO) in Q2-2015 and was 21.9 per cent more than the Rs 150.68 crore (25.8 per cent of TIO) in Q4-2014. During 9M-2015, PAT at Rs 347.28 crore (20.9 per cent of TIO) was 19.2 per cent more than the Rs 291.32 crore (21.2 per cent of TIO) in 9M-2014.

    Pease refer to Fig B below. In terms of absolute rupees and percentage of TIO, PAT shows an upward linear trend during the 12 quarter period under consideration.

    Emami’s TIO in Q3-2015 at Rs 692.26 crore was 41.4 per cent more than the Rs 489.60 crore in Q2-2015 and 18.4 per cent more y-o-y from Rs 584.67 crore. During 9M-2015, TIO at Rs 1663.59 crore was 21 per cent more than the Rs 1375.06 crore in 9M-2014. TIO shows an increasing linear trend during the 12 quarters under consideration.

  • Q3-2015: Titan q-o-q income, PAT and ad spends down

    Q3-2015: Titan q-o-q income, PAT and ad spends down

    BENGALURU: Titan Company Limited  reported lower q-o-q Total Income from Operations (TIO) and Profit After Tax (PAT) in Q3-2015 as compared to the corresponding numbers reported in the immediate trailing quarter Q2-2015.

    The company also spent 8.6 per cent less towards advertisement (ASP) in Q3-2015 at Rs 96.75 crore (3.3 per cent of TIO) as compared to the Rs 105.83 crore (2.9 per cent of TIO) in Q2-2015 and 18 per cent less than the Rs 118.04 crore (4.4 per cent of TIO) in the corresponding quarter of last year. (Refer to Fig A below).

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

    Over a 12 quarter period starting Q4-2012 until the current quarter (Q3-2015), Titan’s ASP shows an upward linear trend in absolute rupees, but a downward linear trend in terms of percentage of TIO. Titan’s simple average ASP in terms percentage of TIO during these 12 quarters is 3.6 per cent. The company’s highest ASP during the 12 quarters under consideration has been in Q3-2014 at Rs 118.04 crore (4.4 per cent of TIO) in terms of absolute rupees. In terms of percentage of TIO, ASP was highest at 4.7 per cent of TIO (Rs 103.44 crore) in Q1-2013 during the same 12 quarter period.

    Titan’s lowest ASP during the quarters under consideration was in Q4-2013, both in terms of absolute rupees and percentage of TIO at Rs 66.63 crore (2.5 per cent of TIO)

    Income and PAT

    Titan’s TIO in Q3-2015 at Rs 2922.51 crore was 18.7 per cent lower than the Rs 3593.07 crore in Q2-2015 and 9.2 per cent more than the Rs 2675.77 crore in the corresponding quarter of last year. TIO shows a linear increasing trend during the 12 quarter period under consideration.

    Titan’s PAT in Q3-2015 at Rs 190.73 crore (7.1 per cent of TIO) was 20.5 per cent less than the Rs 239.98 crore in Q2-2015 and 15.2 per cent more than the Rs 165.57 crore in Q3-2014. PAT shows a slightly increasing trend in absolute rupees and an almost flat to a slightly downward trend in terms of per centage of TIO during the 12 quarter period in this report.

    Businesses and Brands

    Titan has three revenue segments – watches having the brands –Titan, Xylus, Nebula, Sonata and Fastrack and Zoop; Jewellery with Tanishq, Zoya, Gold Plus from Tata, Mia and Fq teen diamonds; and ‘Other’ such as eyewear under the Titan EYE+ brand, apparel and eyewear also under Fastrack brand and precision engineering among others.

    Jewellery contributes about 80 per cent to Titan’s TIO. Last quarter (Q2-2015), its jewellery distribution brands Tanishq and Goldplus from Tata showed an upsurge in retail sales by as much as 75 per cent and 84 per cent respectively. In the current quarter, Goldplus from Tata grew by 30 per cent, however, Tanishq disappointed with a drop of 4 per cent in sales.  Though the jewellery segment reported a 11.2 per cent y-o-y growth to Rs 2347 crore (80.3 per cent of TIO) from Rs 2111 crore (78.9 per cent of TIO), q-o-q, the segment reported a slump of 19.9 per cent from Rs 2929 crore (81.5 per cent of TIO).

    The Helios brand from Titan’s Watches business segment in terms of sales also disappointed with a drop of 3 per cent in sales in Q3-2015. ‘Watches’ is Titan’s second largest business segment in terms of sales and contributes about 15-17 per cent to Titan’s TIO. Watches segment reported a y-o-y growth of 0.4 per cent to Rs 453 crore (15. 5 per cent of TIO) in Q3-2015 from Rs 451 crore(16.9 per cent of TIO) in Q3-2014, and a drop of 14 per cent from the Rs 527 crore (14.7 per cent of TIO) in Q2-2015.

    The ‘Others’ segment reported 2.9 per cent drop to Rs 134 crore (4.6 per cent of TIO) in Q3-2015 from Rs 138 crore (3.8 per cent of TIO) in Q2-2015 and a growth of 15.5 per cent from Rs 116 crore (4.3 per cent of TIO) in Q3-2014.

    Company Speak

    Titan managing director Bhaskar Bhat said, “Titan Company, with a large portfolio of strong brands, operating in multiple industries, grew by over 9 per cent in the third quarter. This period, which is a festival quarter, faced heightened activity from e-commerce players participating in this gifting season. Going forward the market sentiment is looking good, with the fiscal budget from the new government coming up, drop in inflation and positive global factors like slump in oil prices. The company is gearing up for the last quarter with the launch of new products and advertising campaigns that are lined up, including activation from some brands.”

  • Eveready profit up three-fold to Rs 15.3 crore in Q3

    Eveready profit up three-fold to Rs 15.3 crore in Q3

    KOLKATA: Buoyed by strong operational performance, battery major Eveready Industries India has reported a 238 per cent year-on-year jump in its net profit for the third quarter this fiscal to Rs 15.33 crore from Rs 4.53 crore for the same period last fiscal.

     

    The Kolkata-based company’s net sales during the period under review grew nearly 10 per cent y-o-y at Rs 325.22 crore on the back of value growth in batteries and a 22 per cent growth in the new category of lighting products.

     

    Total sales increased by 9.7 per cent y-o-y at Rs 325.42 crore as against Rs 296.59 crore in the year-ago period, Eveready said in a BSE filing.

     

    Overall expenses of the company stood at Rs 298.39 crore as against Rs 282.02 crore in the corresponding period last year.

     

    During the December quarter, the company’s operating EBITDA soared 36.7 per cent y-o-y to Rs 34.18 crore from Rs 25 crore for the corresponding period a year ago, particularly due to progressive price increases being taken in batteries.

     

    Going forward, the company said the outlook looks stable.

     

    The company has an extensive distribution of more than 3,000 distributors reaching more than 5,000 population towns. The company is basing its growth on the new products-especially the lighting products and devices.

     

    Shares of Eveready Industries India closed at Rs 214.20 apiece on the NSE.

     

  • Q3-2015: HMVL reports higher ad, circulation revenue

    Q3-2015: HMVL reports higher ad, circulation revenue

    BENGALURU: Hindi newspaper ‘Hindustan’, Hindi socio cultural magazine ‘Kadambini’ and children’s Hindi magazine ‘Nandan’ publishers Hindustan Media Ventures Limited (HMVL – not to be confused with HT Media Limited of Hindustan Times, Mint and Fever FM fame) reported a 9.7 per cent growth in Income from operations (TIO) at Rs 206.87 crore as compared to the Rs 188.65 crore in Q3-2014 and 3.7 per cent more than the Rs 199.54 crore in Q2-2015.

     

    For 9M-2015, TIO at Rs 616.49 crore was 12.9 per cent more than the Rs 545.84 crore in Q2-2015. The company’s Total Revenue grew 12.1 per cent in Q3-2015 to Rs 223 crore from Rs 199 crore during the year ago quarter.

     

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

     

    The company says that y-o-y advertising revenue grew 10.7 per cent to Rs 152.2 crore in Q3-2015 from Rs 137.5 crore in Q3-2014 and circulation revenue grew 11.1 per cent to Rs 51 crore from Rs 45.9 crore in Q3-2014. Other revenue grew 26.9 per cent to Rs 19.8 crore in Q3-2015 from Rs 15.6 crore in Q3-2014.

     

    HMVL’s PAT in the current quarter at Rs 36.58 crore (17.7 per cent of TIO) was 16.3 per cent more than the Rs 31.46 crore in Q2-2015 and 27.1 per cent more than the Rs 28.79 crore ( 15.3 per cent of TIO) in Q3-2014. PAT in 9M-2015 at Rs 101.92 crore (16.5 per cent of TIO) was 21.3 per cent more than the Rs 84 crore (15.4 per cent of TIO) in 9M-2014.

     

    Let us look at the other figures reported by HMVL:

     

    The company’s total expenditure (TE) in Q3-2015 at Rs 172.91 crore (83.6 per cent of TIO) was up 3.6 per cent from Rs 166.88 crore (83.6 per cent of TIO) in Q2-2015 and was 9.9 per cent more than the Rs 157.3 crore (83.4 per cent of TIO) in Q3-2014. For 9M-2015, HMVL has reported 15.4 per cent higher TE at Rs 513.11 crore (83.2 per cent of TIO) versus Rs 444.46 crore (81.4 per cent of TIO) in 9M-2014.

     

    A major component of HMVL’s TE is cost of raw materials (RM). In Q3-2015, HMVL’s RM cost at Rs 86.69 crore (50.1 per cent of TE) was 2.3 per cent more than the Rs 84.8 crore (54.9 per cent of TE) in Q2-2015 and was 7.3 per cent more than the Rs 80.63 crore (51.3 per cent of TE) in Q3-2014. 9M-2015 RM cost at Rs 258.26 crore (50.3 per cent of TE) was 17.6 per cent more than the Rs 219.68 crore (50.3 per cent of TE) in 9M-2014.

     

    The company’s employee cost in Q3-2015 at Rs 24.87 crore (14.4 per cent of TE) was 3.5 per cent less than the Rs 25.77 crore (15.4 per cent of TIO) and was 14.1 per cent more than the Rs 21.80 crore (13.9 per cent of TE) in Q3-2014. Its 9M-2015, employee cost at Rs 80.28 crore (15.6 per cent of TE) was 23.8 per cent more than the Rs 64.63 crore (14.6 per cent of TE) in 9M-2014.

     

    HMVL chairperson Shobhana Bhartia said, “We are pleased to report another quarter of revenue growth and higher profitability on the back of lower raw material costs. After establishing ourselves as a strong player in Uttar Pradesh and Uttarakhand while retaining our dominance in Bihar and Jharkhand, we are now focusing on operational efficiencies to ensure revenue growth is also accompanied by profit growth. We derive confidence from our performance and we will continue to strive to deliver value to our shareholders.”

  • Q3-2015: Raj TV q-o-q PAT up 2.76 times

    Q3-2015: Raj TV q-o-q PAT up 2.76 times

    BENGALURU: South Indian television network Raj TV Limited (Raj TV) reported PAT of Rs 2.09 crore (10.3 per cent of Total Income from operations or TIO) in Q3-2015, which was a 2.76 times the Rs 0.755 crore (3. 8 per cent of TIO) in Q2-2015. Y-o-y PAT was 58.2 per cent less than the Rs 4.99 crore (20 per cent of TIO) in Q3-2014. Overall, FY-2015 has not been as profitable a year as FY-2014 was for Raj TV so far. During 9M-2015, the company reported PAT of Rs 5.51 crore (9.3 per cent of TIO) versus the Rs 13.11 crore (21.3 per cent of TIO) in 9M-2014.

     

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

     

    Raj TV’s TIO at Rs 20.32 crore in Q3-2015 was 1.2 per cent more than the Rs 20.08 crore in the immediate trailing quarter, but 18.4 per cent less than the Rs 24.92 crore in the corresponding year ago quarter. During 9M-2015, TIO at Rs 59.51 crore was 3.3 per cent lower than the Rs 61.56 crore in 9M-2014.

     

    Let us look at the other figures reported by Raj TV

     

    Raj TV’s Total Expenditure (TE) in Q3-2015 at Rs 18.34 crore (90.2 per cent of TIO) was 4.1 per cent higher than the Rs 17.61 crore (87.7 per cent of TIO) in Q2-2015 and was 1.3 per cent lower than the Rs 18.58 crore (74.6 per cent of TIO) in Q3-2014. During 9M-2015, the company’s TE at Rs 50.75 crore (85.3 per cent of TIO) was 14 per cent more than the Rs 44.52 crore (72.3 per cent of TIO) in 9M-2014.

     

    The company’s operations cost (cost of revenue or COR) in Q3-2015 at Rs 4.46 crore (22 per cent of TIO) was 48.4 per cent less than the Rs 8.65 crore (43.1 per cent of TIO) in Q2-2015 and was 41.4 per cent less than the Rs 7.62 crore (30.6 per cent of TIO) in Q3-2014. The company’s COR for 9M-2015 at Rs 19.34 crore (32.5 per cent of TIO) was 1.1 per cent lower than the Rs 19.55 crore (31.8 per cent of TIO) in 9M-2014.

     

    Raj TV’s administrative and other expense (A&OE) in Q3-2015 at Rs 2.28 crore (11.2 per cent of TIO) was 19.4 per cent lower than the Rs 2.83 crore (14.1 per cent if TIO) in Q2-2015 and was 27.3 per cent less than the Rs 3.13 crore (12.6 per cent of TIO) in Q3-2014. A&OE for 9M-2015 at Rs 7.65 crore (12.9 per cent of TIO) was 14 per cent lower than the Rs.8.89 crore (14.4 per cent of TIO) in 9M-2014.

     

    Employee Benefit Expense (EBE) in Q3-2015 at Rs 6.09 crore (30 per cent of TIO) was 10.3 per cent higher than the Rs 5.52 crore (27.5 per cent of TIO) in Q2-2015 and was 11.5 per cent less than the Rs 6.88 crore (27.6 per cent of TIO) in the corresponding quarter of 2014. EBE for 9M-2015 at Rs 17.04 crore (28.6 per cent of TIO) was 32.5 per cent more than the Rs 12.86 crore (20.9 per cent) in 9M-2014.

     

    The company’s finance costs have gone up 48.3 per cent y-o-y. For Q3-2015, finance cost at Rs 1.6596 crore (8.2 per cent of TIO) was 15.2 per cent more as compared to the Rs 1.4406 crore (7.2 per cent of TIO) in Q2-2015. In Q3-2014, finance cost was Rs 1.3878 crore (5.6 per cent of TIO). Finance cost in 9M-2015 at Rs 4.5472 crore (7.6 percent of TIO) was 42.4 percent more than the Rs 3.1927 crore (5.2 percent of TIO) in 9M-2014.

     

  • Q3-2015: Colgate Palmolive’s q-o-q marketing spends down 11.3 per cent

    Q3-2015: Colgate Palmolive’s q-o-q marketing spends down 11.3 per cent

    BENGALURU: Last quarter (Q2-2015), Colgate-Palmolive (India) Limited (Colgate-Palmolive) spent the highest amount towards advertisement and sales promotion (ASP) in a quarter at Rs 201 crore (20.1 per cent of Total Income or TI) based on the data covering the last 11 quarters starting Q1-2013 until Q3-2015.

    In the current quarter (Q3-2015), the company lowered its ASP by 11.3 per cent to Rs 178.21 crore (17.9 per cent of TI), a figure that was 33.7 per cent more than the Rs 121.46 crore (13.4 per cent of TI) in the corresponding quarter of the previous year. Q2-2015 ASP was also the highest in terms of percentage of TI.

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

    YTD, Colgate-Palmolive’s ASP was Rs 559.76 crore (19 per cent of TI), 63.5 per cent more than the Rs 342.32 crore (12.7 per cent of TI) in 9M-2014.

    Colgate-Palmolive’s brands include Colgate for oral care, Palmolive, Charmis and Halo for personal care, and Axion for household care.

    During the period under consideration, Colgate-Palmolive’s ASP was lowest in Q4-2013, both in terms of absolute rupees and ASP as percentage of TI at Rs 82.10 crore and 9.7 per cent of TI. Fig A below indicates an upward linear trend for ASP, both in absolute rupees and percentage of TI.

    Though the company’s TI in the current quarter was almost flat (down 0.5 per cent) at Rs 995.99 crore as compared to the Rs 1000.52 crore in the immediate trailing quarter, it was 9.8 per cent higher than the Rs 907.35 crore in Q3-2014. Colgate-Palmolive’s TI shows an increasing linear trend during the period under consideration. Historically, in Q3-2013 as well as Q3-2014, Colgate-Palmolive’s TI has shown a slight dip with respect to Q2 of the corresponding years.

    Across seven financial years starting FY-2008 until FY-2014, the company’s TI, ASP and ASP as percentage of TI show an upward linear trend, with the company’s marketing spends being the highest both in terms of absolute rupees and percentage of TI in FY-2014 at Rs 688.66 crore (19.2 per cent of TIO).

    Fig A1 above indicates the breakup of Colgate-Palmolive’s advertising and sales promotion across three financial years for which data is available. In Q3-2013 and Q3-2014, ASP was higher than Q2-2013 and Q2-2014 respectively, however, as mentioned above, Q3-2015 ASP is lower than Q2-2015.

    PAT

    Across four consecutive quarters starting Q4-2014 until the current quarter, Colgate-Palmolive’s PAT has remained almost flat at about Rs 130 crore with small variations. The company’s PAT in Q3-2015 at Rs 130.86 crore (13.2 per cent of TI) was one per cent more than the Rs 129.58 crore (13 per cent of TI) in Q2-2015, but was 16 per cent more than the Rs 112.83 crore (12.7 per cent of TI) in Q3-2014.

    Colgate-Palmolive’s PAT has been the highest at Rs 185.22 crore (21.5 per cent of TI) in Q1-2014 during the eleven quarter period under consideration, while the lowest PAT has been in Q3-2013 at Rs 111.05 crore (14.2 per cent of TI). PAT shows a flat to a slightly reducing linear trend in absolute rupees and a steeper linear slide in terms of percentage of TI. The company’s PAT in FY-2014 was Rs 539.87 crore, and unless the company’s results for Q4-2015 show a marked upsurge in absolute rupees, PAT in FY-2015 could be just about equal to or lower than PAT in FY-2014.

    In its earnings release, Colgate-Palmolive states that the market share of its toothpaste category has increased by 80 basis points to 56.7 per cent during calendar year 2014 with contribution from its flagship brands Colgate Dental Cream, Active Salt, Max Fresh, Colgate Total and Visible White.

    Colgate-Palmolive says that its market share in the toothbrush category also increased by 80 basis points to 42.4 per cent during calendar year 2014.

    Click here more

  • Q3-2015: ZMCL reports 52.6% revenue growth

    Q3-2015: ZMCL reports 52.6% revenue growth

    BENGALURU: Zee Media Corporation Limited (ZMCL), the erstwhile Zee News Limited, reported 52.6 per cent growth in Total Income from Operations (TIO) to Rs 139.88 crore in Q3-2015 as compared to Rs 91.69 crore in Q3-2014 and 6.7 per cent more than the Rs 131.12 crore in Q2-2015. YTD, the company reported a 60.3 per cent growth in TIO to Rs 404.45 crore from Rs 252.39 crore in 9M-2014.

     

    The company reported loss of Rs 9.40 crore in Q3-2015 versus a PAT of Rs 5.92 crore in the corresponding quarter of last year and a loss of Rs 12.86 crore in Q2-2015. ZMCL reported a loss of Rs 39.47 crore in 9M-2015 versus a PAT of Rs 14.82 crore in 9M-2014.

     

    In its earnings release, ZMCL says that new channels incurred an operating loss of Rs 7.65 crore in Q3-2015, a loss of Rs 3.31 crore in Q3-2014 and  loss of Rs 10.13 crore in the immediate trailing quarter. YTD, new channels reported an operating loss of Rs 30.34 crore in 9M-2015 and an operating loss of Rs 10.83 crore in 9M-2014. 

     

    ZMCL’s print business reported an operating loss of Rs 3.28 crore in Q3-2015, a loss of Rs 18.8 crore in 9M-2015. In Q2-2015, print business had reported an operating loss of Rs 4.39 crore.

     

    ZMCL television business reported EBIDTA of Rs 20.07 crore in Q3-2015 and Rs 43.8 crore in 9M-2015. Television business had reported EBIDTA of Rs 20.62 crore in Q2-2015.

     

    ZMCL News Cluster group CEO Bhaskar Das said, “We continue to reach the highest number of consumers across India through our TV channels. Consolidating our position as the largest news network, Zee Media Corporation Limited (ZMCL) reached over 116 million consumers through its 2 national channels and 8 regional channels. Striving to create content differentiator in a me-too market, we are investing strategically into content that aligns with big news events. The increased focus on content has been made possible by robust growth in advertisement revenue. I am also happy to note that the government is favourably viewing broadcasters’ opposition to the whole paradigm on the ad cap regulation.” 

     

    ZMCL CEO Ashish Kirpal Pandit added, “On top of the learning curve of how to make broadcasting operations profitable, we at ZMCL are hopeful that our regional bouquet will stabilize soon and start yielding positive returns. We also expect that the impact of digitization will come into full play very soon. We are confident about the business which will be backed by high quality shows that will hit the screen very soon.”

     

    Watch this space for more…

     

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

     

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

     

    (3) The consolidated financial results of the Company comprise of financials of following subsidiaries viz. Zee Akaash News Private Limited (60 per cent), Mediavest India Private Limited (100 per cent), Diligent Media Corporation Limited (99.99 per cent), Pri-Media Services Private Limited (100 per cent) and Company’s share in the results of an Associate entity, Maurya TV Private Limited, wherein Company held 37.87 per cent till December 11, 2014 and post December 11, 2014, consequent to further acquisitions, Maurya TV Private Limited became Wholly owned Subsidiary of the Company. 

     

  • Q3-2015: Inox reports marked jump in F&B, Ad revenue

    Q3-2015: Inox reports marked jump in F&B, Ad revenue

    BENGALURU:  Inox Leisure Limited (Inox) reported 2.21 times PAT in Q3-2015 at Rs 14.30 crores (4.7 per cent of Total Revenues or TR) as compared to the PAT of Rs 6.47 crore (3 per cent of TR) in the corresponding year ago quarter and 2.73 times the Rs 5.23 crore (2 per cent of TR) in Q2-2015, but PAT for 9M-2015 at Rs 24.10 crore (3 per cent of TR) was a steep 31.9 per cent lower than the Rs 35.40 crore (5.2 percent of TR) in 9M-2014.

     

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

    (2) Inox acquired Satyam Cineplexes Limited (SCL) with 38 screens as a wholly owned subsidiary on 8 August 2014 and Q2-2015 and Q3-2015 figures in this report include the figures of SCL.

     

     

    Revenue streams

     

    Inox TR in Q3-2015 at Rs 304.85 crore was 41.2 per cent more than the Rs 215.83 crore in Q3-2014 and 14.3 per cent more than the Rs 266.66 crore in Q2-2015. TR for 9M-2015 at Rs 807.42 crore was 18.1 per cent more than the Rs 683.40 crore in 9M-2014.

     

    Though Food and Beverages (F&B) and advertisement revenues (ad revenue) constitute just around 25 to 30 per cent of Inox TR, these two account heads have shown healthy 45.1 per cent and 98.4 per cent y-o-y  growth respectively in Q3-2015. Both these revenue heads have slowly and steadily started growing their contribution to Inox’s total revenue.

     

    F&B revenue grew to Rs 55.63 crore (18.2 percent of TR) from Rs 38.34 crore (17.8 percent of TIO) in Q3-2015 and grew 9.6 per cent from Rs 50.77 crore (19 per cent of TR) in the immediate trailing quarter. During 9M-2015, F&B revenue grew 22 per cent to Rs 156.30 crore (19.4 per cent of TR) from Rs 128.13 crore (18.7 percent of TR).

     

    Ad revenue in Q3-2015 grew to Rs 28.92 crore (9.5 per cent of TR) from Rs 14.58 crore (6.8 per cent of TR) in Q3-2014 and grew 62.4 per cent from Rs 17.81 crore (6.7 per cent of TR). During 9M-2015, ad revenue grew 84.6 per cent to Rs 61.7 crore (7.6 per cent of TR) from Rs 33.42 crore (4.9 per cent of TR) in the corresponding period of the previous year.

     

    ‘Other’ revenue in Q3-2015 at Rs 18.55 crore (6.1 per cent of TR) was 9.5 per cent lower than the Rs 20.50 crore (9.5 per cent of TR) in Q3-2014 and 2.4 per cent more than the Rs 18.12 crore (6.8 per cent of TR) in Q2-2015. For 9M-2015, ‘Other’ revenue at Rs 51.15 crore (6.3 per cent of TR) was 2.8 per cent more than the Rs 49.78 crore (7.3 per cent of TR) during 9M-2014.

     

    Average Ticket Pricing

     

    Inox’s says that its average ticket price (ATP) in Q3-2015 was 175, in Q3-2014 it was Rs 163 and in Q2-2015 it was Rs 162. During 9M-2015, ATP was Rs 166 versus the Rs 157 in 9M-2014. The company claims that its ATP is higher than the exhibition industry’s comparable properties ATP of Rs 171 in Q3-2015, Rs 163 in Q3-2014, Rs 163 in 9M-2015 and Rs 157 in 9M-2014.

     

    Expenditure

     

    Inox total expenditure (TE) in Q3-2015 at Rs 254.44 crore (83.5 per cent of TR) was 35.8 per cent more than the Rs 187.36 crore (86.8 per cent of TR) in Q3-2014 and 10.9 per cent more than the Rs 229.35 crore (86 per cent of TR) in Q2-2015. TE during 9M-2015 increased 19.5 per cent to Rs 686.80 crore (85.1 per cent of TR) from Rs 574.86 crore (84.1 per cent of TR) in 9M-2014.

     

    Entertainment tax paid by the company increased 50.6 per cent to Rs 38.12 crore (12.5 per cent of TR) in Q3-2015 from Rs 25.31 crore (11.7 per cent of TR) in Q3-2014 and was 19.1 per cent more than the Rs 32 crore (12 per cent of TR) in Q2-2015. During 9M-2015, Entertainment Tax paid by the company was 98.69 crores (12.2 per cent of TR), up 17.6 per cent from Rs 83.95 crore (12.3 per cent of TR) in 9M-2014.

     

    Inox Payroll cost in Q3-2015 at Rs 18.99 crore (6.2 per cent of TR) was 36.6 per cent more than the Rs 13.90 crore (6.4 per cent of TR) and 17.7 per cent more than the Rs 16.14 crore (6.1 per cent of TR) in Q2-2015. 9M-2015 payroll cost at Rs 48.83 crore (6.0 per cent of TR) was 31.1 per cent more than the Rs 37.24 crore (5.4 per cent of TR) in 9M-2014.

     

    Distributors share in Q3-2015 increased 38.3 per cent to Rs 75.37 crore (24.7 per cent of TR) from Rs 54.48 crore (25.2 per cent of TR) and was 11.1 per cent more than the Rs 67.81 crore (25.4 per cent of TR) in Q2-2015. This expense head during 9M-2015 at Rs 201.58 crore (25 percent of TR) was 13.8 per cent more than the Rs 177.13 crore (25.9 per cent of TR) during 9M-2014.

     

    F&B cost in Q3-2015 at Rs 13.58 crore (4.5 per cent of TR) was 28 per cent more than the Rs 10.61 crore (4.9 per cent of TR) in Q3-2014 and 1.6 per cent more than the Rs 13.58 crore (5 per cent of TR) in Q2-2015. F&B cost in 9M-2015 at Rs 39.20 crore (4.9 per cent of TR) was 4.8 per cent more than the Rs 37.41 crore (5.5 per cent of TR) in 9M-2014.

     

    Other expenses in Q3-2015 at Rs 108.39 crore (35.6 per cent of TR) was 30.5 per cent more than the Rs 83.07 crore (38.5 percent of TR) in Q3-2014 and 8.4 percent more than the Rs 100.02 crore (35.6 per cent of TR) in Q2-2015. In 9M-2015, other expense at Rs 298.51 crore (37 per cent of TR) was 24.8 per cent more than the Rs 239.12 crore (35 per cent of TR) in 9M-2014.

     

    Depreciation in Q3-2015 increased 57.2 per cent to Rs 20.44 crore (6.7 per cent of TR) from Rs 13 crore (6 per cent of TR) in Q3-2014 and increased 6.4 per cent from Rs 19.21 crore (7.2 per cent of TR) in Q2-2015. 9M-2015 depreciation at Rs 5.74 crore (7.2 per cent of TR) was 52.3 per cent more than the Rs 37.92 crore (5.5 per cent of TR) during 9M-2014.

     

    Inox’s interest cost in Q3-2015 was 88.7 per cent more at Rs 12.49 crore (4.1 per cent of TR) than the Rs 6.62 crore (3.1 per cent of TR) in Q3-2014 and 9.6 per cent more than the Rs 11.40 crore (4.3 per cent of TR) in Q2-2015 Interest cost in 9M-2015 at Rs 30.34 crore (3.8 per cent of TR) was 41.6 per cent more than the Rs 21.43 crore (3.1 per cent of TR) in 9M-2014.

     

    Occupancy and Footfalls

     

    Inox says that it currently has 365 screens in 51 cities and 94 locations in India with a seating capacity of 97039 seats. It plans to increase the number of screens by 12 and seats by 2751 in Q4-2015. Post FY-2015, Inox says that it plans to add 169 screens with seating capacity of 36977 to take its overall total to 546 screens and 136766 seats.

     

    The company says that it has kept pace with the exhibition industry’s comparable properties occupancy rate to 27 per cent in Q3-2014 and 28 per cent in Q3-2015,during 9M-2015, it had the same occupancy rate of 27 per cent as the industry rate of 27 per cent. The company claims a higher footfall of 326 lakhs for 9M-2015 as compared to the industry’s comparable properties footfall of 276 lakh, a figure that has fallen from the 298 lakh footfalls experienced by the industry’s comparable in 9M-2014. Inox claims that the footfalls at its properties was 304 lakh in 9M-2014.