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Tag: Financial

  • Mukta Arts revenue, loss down in Q2-2015

    Mukta Arts revenue, loss down in Q2-2015

    BENGALURU: Mukta Arts Limited (MAL) reported lower Total Income from Operations (TIO) of Rs 23.95 crore in Q2-2015 versus the Rs 24.99 crore in the immediate trailing quarter and almost a fourth of the Rs 85.16 crore in the corresponding year ago quarter.

     

    The company also reported lower loss in Q2-2015 at Rs 0.03 crore versus a loss of Rs 24.62 crore in Q1-2015 and a nominal PAT of Rs 0.16 crore in Q2-2014. TIO in HY-2015 was Rs 48.93 crore, less than a third of the Rs 156.60 crore in HY-2014. The company has reported y-t-d a loss of Rs 24.65 crore versus PAT of Rs 0.91 crore in HY-2014.

     

    The company’s financial statements indicate that its income from operations include Rs 3.5 crore relating to certain rights in Q2-2015. MAL’s other income includes Rs 1.19 crore, the proceeds of a keyman insurance policy.

     

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

     

    Let us look at the other figures reported by the company

     

    MAL total expenditure (TE) in Q2-2015 at Rs 23.74 crore was 52.3 per cent lower (less than half) the Rs 49.74 crore in Q1-2015 and 71.9 percent lower (less than a third) of the Rs 84.61 crore in Q2-2014. HY-2015 TE at Rs 73.48 crore was 52.6 per cent less than the Rs 154.95 crore in HY-2014.

     

    Distributors/producers share in Q2-2015 was less than a fourth at Rs 5.74 crore of the Rs 23.04 crore in Q1-2015 and 1/13.6 times the Rs 78.21 crore in Q2-2014. Distributors/producers share in HY-2015 was Rs 28.78 crore, for HY-2014, it was Rs 143.15 crore.

     

    Amortisation of tangible assets including film rights (amortisation expense) in Q2-2015 was Rs 9.26 crore versus the Rs 19.5 crore in Q1-2015 and the Rs 0.37 crore in Q2-2014. HY-2015 amortisation was Rs 28.76 crore, in HY-2014 it was Rs 0.42 crore.

     

    During the current quarter, the company commenced its cinemas at Sangli and Hyderabad. Its Theatrical Exhibition segment’s revenue in Q2-2015 was Rs 8.11 crore as compared to the Rs 6.32 crore in Q1-2015 and the Rs 3.52 crore in Q2-2014. For HY-2015, revenue from Theatrical Exhibition segment revenue rose to Rs 14.43 crore from Rs 7.2 crore in HY-2014. The segment reported operating profit of Rs 0.07 crore versus an operating a loss of Rs 0.14 crore in Q1-2015 and an operating loss of Rs 0.24 crore in Q2-2014. Operating loss for HY-2015 at Rs 0.7 crore was lower than the Rs 0.16 crore in HY-2014.

  • DQ Entertainment reports profit for Q2-2015 versus loss in Q2-2014: Animation segment back in black

    DQ Entertainment reports profit for Q2-2015 versus loss in Q2-2014: Animation segment back in black

    BENGALURU: The Tapas Chakravarti led DQ Entertainment (International) Limited (DQEIL) reported a profit after tax (PAT) of Rs 14.43 crore (27.4 per cent of Total Income from Operations or TIO) in Q2-2015 (quarter ended 30 September 2014, current quarter) versus a loss of Rs 12.06 crore in Q1-2015. PAT for the current quarter, however was down 36.5 per cent as compared to the Rs 22.72 crore (40.27 per cent of TIO). PAT in HY-2015 at Rs 2.38 crore (3.3 per cent of TIO) was less than a twelfth (1/12.4 times) the Rs 29.35 crore (33.7 per cent of TIO) in HY-2014.

     

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

     

    Two segments contribute to DQEIL revenues – animation and distribution.  The company’s animation segment which had reported operating loss of Rs 1.07 crore on segment revenue of Rs 9.93 crore in the previous quarter, reported an operating profit of Rs 23.62 crore on segment revenue of Rs 39.94 crore in Q2-2015. For Q2-2014, animation segment had reported operating profit of Rs 22.7 crore on higher operating revenue of Rs 41.57 crore. For HY-2015, this segment reported revenue of Rs 49.86 crore and an operating profit of Rs 16.47 crore versus higher revenue of Rs 69.14 crore and higher operating profit of Rs 29.43 crore in HY-2015.

     

    The company’s distribution segment reported the following numbers: Q2-2015 – Revenue Rs 12.71 crore, operating profit Rs 12.02 crore; Q1-2015 – Revenue Rs 10.71 crore, operating loss Rs 1.19 crore; Q2-2014 – Revenue Rs 15 crore, operating profit Rs 9.44 crore; HY-2015 – Revenue Rs 23.41 crore, operating profit Rs 10.83 crore; HY-2014 – Revenue Rs 17.86 crore, operating profit Rs 7.58 crore.

     

    Let us look at the other numbers reported by DQEIL for Q2-2015

     

    DQEIL TIO in Q2-2015 at Rs 52.64 crore was more than double (2.5 times) the Rs 20.64 crore in the immediate trailing quarter, but 7 per cent lower than the Rs 56.58 crore in Q2-2014. TIO in HY-2015 at Rs 72.38 crore was 16.8 per cent lower than the Rs 87 crore in HY-2014.

     

    The company’s total expenditure (TE) in Q2-2015 at Rs 25.24 crore (47.9 per cent of TIO) was 9 per cent less than the Rs 27.72 crore (134.3 per cent of TIO) in the previous quarter and 36.5 per cent lower than the Rs 41.77 crore (73.8 per cent of TIO). In HY-2015, TE at Rs 52.56 crore (72.6 per cent of TIO) was 33.5 per cent lower than the Rs 79.07 crore (90.9 per cent of TIO) in HY-2014.

     

    DQEIL’s employee expense (EBE) in Q2-2015 at Rs 15.34 crore (29.1 per cent of TIO) was 7.8 per cent lower than the Rs 16.64 crore (80.6 per cent of TIO) and 22.3 per cent lower than the Rs 19.74 crore (34.9 per cent of TIO) in Q2-2014. HY-2015 EBE at Rs 31.98 crore (44.2 per cent of TIO) was 20 per cent lower than the Rs 39.97 crore (45.9 per cent of TIO) in HY-2014.

     

    The company’s depreciation, amortization and impairment expense (depreciation) in Q2-2015 went up 4.6 per cent to Rs 7.98 crore (15.2 per cent of TIO) from Rs 7.63 crore (36.9 per cent of TIO) in Q1-2015 and was 18.9 per cent lower than the Rs 9.84 crore (17.4 per cent of TIO) in Q2-2014. HY-2015 depreciation at Rs 15.6 crore (21.6 per cent of TIO) was 17.5 per cent less than the Rs 18.92 crore (21.7 per cent of TIO) in HY-2014.

     

    DQEIL’s production expense in Q2-2015 at Rs 1.78 crore (3.4 per cent of TIO) was 17.4 per cent lower than the Rs 2.15 crore (10.4 per cent of TIO) and almost 5 times the Rs 0.36 crore (0.6 per cent of TIO) in Q2-2014.  Production expense in HY-2015 at Rs 3.93 crore (5.4 per cent of TIO) was almost double (1.95 times) the Rs 2.01 crore (2.3 per cent of TIO) in HY-2014.

     

    Click here to read the full financial

  • Hathway reports 19.6 per cent y-o-y revenue growth, lower loss in Q2-2015

    Hathway reports 19.6 per cent y-o-y revenue growth, lower loss in Q2-2015

    BENGALURU: Indian multi system operator (MSO) Hathway Cable and Datacom Limited (Hathway) reported 5.3 per cent growth in Q2-2015 with total Income from Operations (TIO) of Rs 263.51 crore versus the Rs 250.22 crore in Q1-2015 and 19.6 per cent more than the Rs 220.28 crore in Q2-2014. HY-2015 TIO at Rs 513.73 crore was 11.9 per cent more than the Rs 459.23 crore in HY-2014.

     
    The company reported loss of Rs 39.26 crore in Q2-2015, as compared to the loss of Rs 0.927 crore in the immediate trailing quarter. The current quarter’s loss was lower than the loss of Rs 44.45 crore for Q2-2014. The company’s HY-2015 (year to date) loss increased slightly to Rs 40.19 crore from Rs 39.13 crore in HY-2014.

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

     
    Hathway’s EBIDTA calculated based on the figures submitted by the company in Q2-2015 fell 8.8 per cent to Rs 40.03 crore (15.2 per cent of TIO) from Rs 43.87 crore (17.5 per cent of TIO) in Q1-2015 and was 4.2 per cent more than the Rs 38.41 crore (17.4 per cent of TIO) in Q2-2014. EBIDTA for HY-2015 fell 30.6 per cent to Rs 83.9 crore (16.3 per cent of TIO) from Rs 120.80 crore (26.3 per cent of TIO) in HY-2014.

     
    Let us look at the other figures reported by Hathway:

     
    Total Expenditure (TE) in Q2-2015 at Rs 274.27 crore (104.1 per cent of TIO) was 7.9 per cent more than the Rs 254.1 crore in Q1-2015 and was 17.6 per cent more than the Rs 233.19 crore in Q2-2014. HY-2015 TE at Rs 528.37 crore (102.9 per cent of TIO) was 22.5 per cent more than the Rs 431.29 crore in HY-2014.

     
    A major fraction of TE is the pay channel cost for Hathway. The company’s pay channel cost in Q2-2015 at Rs 96.81 crore (36.7 per cent of TIO) was 12.8 per cent more than the Rs 85.81 crore (34.3 per cent of TIO) in Q1-2015 and 41.7 per cent more than the Rs 68.30 crore (31 per cent of TIO) in Q2-2014. HY-2015 pay channel cost at Rs 182.61 crore (35.6 per cent of TIO) was 44.1 per cent more than the Rs 126.75 crore in HY-2014.

     
    The company reported 6.3 per cent higher depreciation and amortization expense (depreciation) in Q2-2015 at Rs 50.78 crore versus the Rs 47.75 crore in Q1-2015 and was 1.1 per cent lower than the Rs 51.32 crore in Q2-2014. Depreciation in HY-2015 at Rs 98.54 crore was 6.1 per cent more than the Rs 92.86 crore in HY-2014.

     Hathway’s finance cost in Q2-2015 at Rs 30.39 crore (11.5 per cent of TIO) was 4.2 per cent more than the Rs 29.17 crore (11.7 per cent of TIO) and was 28.2 per cent more than the Rs 23.71 crore (10.8 per cent of TIO) in Q2-2014. Finance cost for HY-2015 at Rs 59.56 crore (11.6 per cent of TIO) was 31.4 per cent more than the Rs 445.32 crore (9.9 per cent of TIO) in HY-2014.

     
    Employee Benefit Expense (EBE) in Q2-2015 was Rs 16.03 crore, for Q1-2014 it was 14.55 crore and for Q2-2014 it was Rs 14.58 crore.

     
    Hathway says that it is continuing aggressive plans to digitise its CATV customer base and has further seeded 250,000 boxes in the current quarter taking its digital subscriber base to 84 lakh and has seeded nearly 72 per cent of its subscriber base. It says that it has nearly 700,000 STB’s in stock.

     
    The company says that its content deals with the major broadcasters is in place now and it will use the stability in its content contracts to push for an increase in the ARPU realised from the markets it serves. While ARPU increase took a pause in current quarter, phase 1 ARPU remained close to Rs 90, while it was close to Rs 55 in the phase 2 areas.

    Hathway has informed BSE that the Board of Directors of the Company at its meeting held on 13 November 2014, inter alia, has considered and approved the Subdivision of face value of Equity Shares into Equity Shares of smaller amount than is fixed in the Memorandum of Association; i.e. to subdivide 1(One) equity share of Rs. 10/- each to 5 (Five) equity shares of Rs. 2/- each, subject to approval of shareholders.

     
    Click here to read the full financial report

     

    Click here to read the unaudited financial release

     

  • IMAX Corp net income triples in Q3-2014

    IMAX Corp net income triples in Q3-2014

    BENGALURU: Toronto, Canada based, New York Stock Exchange traded entertainment, technology and distribution company IMAX Corp (IMAX) reported more than 3 times (3.01 times) income attributable to common shareholders (income) in Q3-2014 (Quarter ended September 30, 2014, or current quarter) at US$ 4.858 million versus the US$ 1.609 million in the corresponding year ago quarter Q3-2013. During the 9 month period ended 30 September 2014 (9M-2014), the company’s income rose 15.1 per cent to US$ 18.744 million from US$ 16.286 million in 9M-2013.

    IMAX revenue in the current quarter at US$ 60.742 million was 17.9 per cent more than the US$ 51.507 million in Q3-2013. Revenue in 9M-2014 at US$ 188.084 million was 2.8 per cent higher than the US$ 182.886 million in Q3-2013.

    Notes: (1) The primary revenue sources for the Company can be categorised into two main groups: theatre systems and films. On the theatre systems side, the Company derives revenues from theatre exhibitors primarily through either a sale or sales-type lease arrangement or a joint revenue sharing arrangement. Theatre exhibitors also pay for associated maintenance and extended warranty services. Film revenue is derived primarily from film studios for the provision of film production and digital re-mastering services for exhibition on IMAX theatre systems around the world. The Company derives other film revenues from the distribution of certain films and the provision of post-production services. The Company also derives a small portion of other revenues from the operation of its own theatres, the provision of aftermarket parts for its system components, and camera rentals

    (2)The Company has seven reportable segments identified by category of product sold or service provided: IMAX systems; theatre system maintenance; joint revenue sharing arrangements; film production and IMAX DMR; film distribution; film post-production; and other. The IMAX systems segment designs, manufactures, sells or leases IMAX theatre projection system equipment. The theatre system maintenance segment maintains IMAX theatre projection system equipment in the IMAX theatre network. The joint revenue sharing arrangements segment provides IMAX theatre projection system equipment to an exhibitor in exchange for a share of the box-office and concession revenues. The film production and IMAX DMR segment produces films and performs film re-mastering services. The film distribution segment distributes films for which the Company has distribution rights. The film post-production segment provides film post-production and film print services. The Company refers to all theatres using the IMAX theatre system as “IMAX theatres”.

    IMAX Theatre Systems:

    IMAX Theatre Systems reported 13.1 per cent growth in revenue in the current quarter to US$ 33.899 million from US$ 29.965 million in Q3-2013. 9M-2014 revenue was down 0.2 per cent to US$ 106.742 million from US$ 106.948 million in 9M-2013.

    Gross Margin from IMAX Systems increased 18.9 per cent to US$ 20.188 million in Q3-2014 from US$ 17.576 million in Q3-2013. Gross margins in 9M-2014 rose 1 per cent to US$ 62.993 million from US$ 62.376 million in 9M-2013.
    The rise in revenue and gross margins in Q3-2014 and 9M-2014 is because of corresponding increases in Joint Revenue Sharing Arrangement (JSRA) segments. Revenue fell in 9M-2014 because of lower performance of IMAX Systems segment.

    Films:

    Revenue from ‘Films’ increased 21.1 per cent to US$ 23.678 million in Q3-2014 from US$ 19.547 million in Q3-2013. During 9M-2014, revenue increased 6.3 per cent to US$ 72.935 million from US$ 68.594 million in 9M-2013.

    Gross margins’ for ‘Films’ increased 55 per cent in Q3-2014 to US$ 15.472 million from US$ 9.984 million in Q3-2013. For 9M-2014, gross margins increased 35.7 per cent to US$ 46.853 million from US$ 34.526 million in 9M-2013.

    Geographic information:
    Revenue by geographic area is based on the location of the customer. Revenue related to IMAX DMR is presented based upon the geographic location of the theatres that exhibit the re-mastered films. IMAX DMR revenue is generated through contractual relationships with studios and other third parties and these may not be in the same geographical location as the theatre.

    No single country in the rest of the world, Western Europe, Latin America and Asia (excluding Greater China) classifications comprise more than 10 per cent of the total revenue.

     

    Click here to read the condensed consolidated balance sheet 

  • Eros International reports 40 per cent PAT q-o-q growth in Q2-2015

    Eros International reports 40 per cent PAT q-o-q growth in Q2-2015

    BENGALURU: The Sunil Lulla led Indian motion picture production and distribution company Eros International Media Limited (Eros) reported 39.9 per cent growth in PAT at Rs 50.14 crore (20.9 per cent of net Total Income from Operations or TIO) in Q2-2015 from the Rs 35.84 crore (14.8 per cent of TIO) in Q1-2015 and 35.6 per cent growth from the Rs 36.97 crore (18.4 per cent of TIO) in the corresponding year ago quarter. In HY-2015, PAT grew 35.1 per cent to Rs 85.98 crore (17.9 per cent of TIO) from Rs 63.64 crore (16.4 per cent of TIO) in HY-2014.

     
    Note: 100,00,000 = 100 lakhs = 10 million = 1 crore
     
    The company reported almost flat q-o-q TIO (down by 0.7 per cent) in Q2-2015 at Rs 239.90 crore versus the Rs 241.49 crore in Q1-2015 and 19.3 per cent TIO growth from the Rs 201.05 crore in Q2-2014. Revenue (TIO) for HY-2015 grew by 24.3 per cent to Rs 481.39 crore from Rs 387.37 crore in HY-2014.
     
    Eros released 30 films -20 Hindi and 10 Tamil/Telugu regional films in HY-2015 as compared to the 26 films (11 Hindi, 14 Tamil/Telugu and 1 other language) in HY-2014. Eros says that 2 of the films were high budget and 28 were medium and low budget films.
     
     
    Let us look at the other numbers reported by Eros for Q2-2015 and HY-2015
     
    Eros Total Expenditure (TE) in Q2-2015 at Rs 168.19 crore (70.1 per cent of TIO) was 8.9 per cent lower than the Rs 184.68 crore (76.5 per cent of TIO) in Q1-2015 and 11.3 per cent more than the Rs 151.16 crore (75.2 per cent of TIO) in Q2-2014. TE in HY-2015 at Rs 352.87 crore (73.3 per cent of TIO) was 17.9 per cent more than the Rs 299.24 crore (77.2 per cent of TIO) in HY-2014.
     
    The company’s finance cost in Q2-2015 at Rs 10.92 crore (4.6 per cent of TIO) was 16.5 per cent more than the Rs 9.37 crore (3.9 per cent of TIO) in Q1-2015 and 76.1 per cent more than the Rs 6.2 crore (3.1 per cent of TIO) in Q2-2014. For HY-2015, finance cost at Rs 20.29 crore was almost double (up 1.88 times) the Rs 10.81 crore in HY-2014.
     
    Eros managing director Sunil Lulla said, “We reported healthy results in the first half driven by the performance of new releases in Hindi and regional languages and robust monetization of library films over existing and emerging distribution channels. We remained focused towards diversifying mix of movies with increasing emphasis on high profile regional language films with our tentpole Hindi language films.”
     
    “Our ErosNow initiative continued to gain momentum as we premiered a whole host of films on this online service. We will be launching a new mobile app for ErosNow by the end of this year and along with our recently announced Techzone acquisition, we are positive about increased uptake of this unique service in the near future,” added Lulla.

     

  • Shemaroo’s debut Q2-2015 result on bourses: Good

    Shemaroo’s debut Q2-2015 result on bourses: Good

    BENGALURU: After its initial public offering (IPO) in September 2014, Shemaroo Entertainment has filed reasonably good results that could  improve further towards the end of fiscal 2015, if the trends shown in some of its IPO documentation continue.
     
    Note: 100,00,000 = 100 lakhs = 10 million = 1 crore
    All numbers in this report are consolidated numbers
     
     
    The company has reported a 31.7 per cent increase in Total Income from Operations (TIO) at Rs 84.96 crore in Q2-2015 from Rs 64.49 crore in Q1-2015 and 21.4 per cent increase from the Rs 69.96 crore in the corresponding quarter of last year. The company’s net consolidated profit after tax has reduced 10.4 per cent quarter on quarter to Rs 8.57 crore (10.1 per cent of TIO) from Rs 9.56 crore (14.8 per cent of TIO) in Q1-2015, but jumped 37.1 per cent from Rs 6.25 crore (8.9 per cent of TIO) in Q2-2014.
     
    For HY-2015, PAT at Rs 18.14 crore (12.1 per cent of TIO) was 73.3 per cent more than the Rs 10.47 crore (8.3 per cent of TIO) for HY-2014. For FY-2014, PAT at Rs 27.95 crore was 10.6 per cent of TIO and PAT for FY-2013 at Rs 24.58 crore was 11.4 per cent of TIO.
     
    Diluted EPS (not annualised) is lower in Q2-2015 at Rs 4.30 versus the Rs 4.82 in Q1-2015, but higher than the Rs 3.15 in Q2-2014.  For HY-2015, diluted (not annualised) EPS was Rs 9.10 and for HY-2014, it was Rs 5.25. An EPS of Rs 14.08 for FY-2014 and Rs 12.38 for FY-2013 was reported for the company during its IPO.
     
    The company’s Total Expenditure (TE) in Q2-2015 has gone up 41.4 per cent to Rs 64.91 crore (76.4 per cent of TIO) from Rs 45.89 crore (71.2 per cent of TIO) in the immediate trailing quarter and was 21.4 per cent more than the Rs 54.85 crore (78.4 per cent of TIO) in Q2-2014. For HY-2015, TE at Rs 110.8 crore (74.1 per cent of TIO) was 14.5 per cent more than the Rs 96.76 crore in HY-2014.

     

  • Sun TV posts sunny y-o-y results for Q2-2015; board announces 45 per cent interim dividend

    Sun TV posts sunny y-o-y results for Q2-2015; board announces 45 per cent interim dividend

    BENGALURU: Sun TV Network Limited (Sun TV) reported 9.1 per cent growth in revenue in Q2-2015 at Rs 509.02 crore versus Rs 466.41 crore in the corresponding quarter of last year on the back of growth of advertising and DTH revenues. Q-o-q performance as well as PAT results declared by the company were however lower in Q2-2015.
     
    The company reported 7 per cent growth in HY-2015 revenue at Rs 1142.60 crore from Rs 1068.26 crore in HY-2014.
     
    Sun TV reported 11.4 per cent growth in advertising revenue in Q2-2015 to Rs 260.26 crore and 20 per cent higher DTH revenue at Rs 130.07 crore. However, advertising revenue in Q1-2014 at Rs. 280.42 crore was 7.8 per cent more than the advertising revenue in the current quarter.
     
    The company’s net profit after taxes (PAT) in Q2-2015 at Rs 154.47 crore was 6.9 per cent lower than the Rs 169.16 crore in Q2-2014 and 6.7 per cent lower than the Rs 165.64 crore in Q1-2015. PAT in HY-2015 at Rs 320.11 crore was 4 per cent lower that the Rs 333.60 crore in HY-2014.
     
    Note: 100,00,000 = 100 Lakhs = 10 million = 1 crore
     
    Let us look at the other results reported by Sun TV for Q2-2015
     
    Y-o-y and HY results have been mentioned above. Sun TV’s revenue for Q2-2015 was 7 per cent less than the Rs 633.58 crore in Q1-2015.
     
    The company’s total expense in Q2-2015 at Rs 298.22 crore was 21.1 per cent more than the Rs 246.29 crore in Q2-2014, and 6.7 per cent less than the Rs 319.80 crore (expenses figure excludes the one time annual SunRisers Hyderabad IPL franchise fee of Rs 85.05 crore paid in Q1-2015) in Q1-2015. Total Expense in HY-2015 was 14.9 per cent more at Rs 703.07 crore than the Rs 611.88 crore in HY-2014.
     
    Sun TV’s depreciation and amortisation charges in Q2-2015 have jumped 57.4 per cent to Rs 185.01 crore from Rs 117.56 crore in Q2-2014 and were 33.1 per cent higher than the Rs 138.99 crore in Q1-2015. For HY-2015, depreciation and amortisation charges were 37.9 per cent higher at Rs 324 crore as against Rs 234.95 crore in HY-2014.
     
    Employee benefit expense in Q2-2015 was up 4.3 per cent at Rs 50.13 crore from Rs 48.27 crore in Q2-2014 and was 9.5 per cent more than the Rs 45.77 crore in Q1-2015. For HY-2015 EBE at Rs 95.90 crore was 3.7 per cent less than the Rs 92.48 crore in HY-2014
     
    The company has reported a 38 per cent drop in other expenditure to Rs 22.65 crore in Q2-2015 from Rs 36.51 crore in Q2-2014 and was less than a fourth (1/4.11 times) the Rs 93.18 crore in Q1-2015. For HY-2015, other expenditure at Rs 115.83 crore was 4.9 per cent higher than the Rs 110.45 crore in Q1-2014.
     
    The board of directors of the company have declared an interim dividend of 45 per cent (Rs 2.25) per share of face value of Rs 5.

     

    Click here for the Financial Statement

    Click here for the Statement

    Click here for the Press Realease

     

  • Q2-2015: Commissioned programmes cushion Balaji Telefilms’ loss

    Q2-2015: Commissioned programmes cushion Balaji Telefilms’ loss

    BENGALURU: Balaji Telefilms reported less than half the q-o-q total income from operations (TIO) (1/2.3 times) for Q2-2015 at Rs 58.89 crore versus the Rs 136.03 crore in Q1-2015 and less than a third (1/3.3 times) of the Rs 194.62 crore in Q2-2014. For HY-2015, the company’s TIO at Rs 195.89 crore was 29.8 per cent lower than the Rs 279.07 crore in HY-2014.

     

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

     

    Commissioned programs cushioned the loss from the company’s film segment. Revenue from commissioned programs went up 7.2 per cent to Rs 49.33 crore in Q2-2015 from Rs 46 crores in Q1-2015 and was 64 per cent more than the Rs 30.09 crore in Q2-2014. For HY-2015, this segment had 81.7 per cent higher revenue at Rs 95.32 crore versus the Rs 52.46 crore in HY-2014.

     

    Commissioned programs reported an operating profit of Rs 5.85 crores in Q2-2015, which was 5 per cent lower than the Rs 6.16 crore in Q1-2015 and 60.8 per cent more than the Rs 3.64 crore in Q2-2014. For HY-2015, operating profit from commissioned programs more than tripled (went up 3.1 times) at Rs 12.01 crore versus Rs 3.86 crore in HY-2014.

     

    Overall, Balaji has returned a loss of Rs 7.58 crore in Q2-2015 versus a profit of Rs 10.56 crore in Q1-2015 and a profit of Rs 12.32 crore in Q2-2014. For HY-2015, Balaji Telefilms reported a profit of Rs 2.98 crore which was less than a fifth (19.7 per cent) of the Rs 15.94 crore in HY-2014.

     

    The company’s film segment, which contributes a major percentage to its TIO, reported poor results. Revenue of Rs 9.43 crore from this segment in Q2-2014 was less than one-ninth (1/9.5 times) the Rs 89.34 crore in Q1-2015 and less than one seventeenth (1/17.4) the Rs 164.05 crore in Q2-2014. For HY-2015, Film segment revenue of Rs 98.77 crore in HY-2015 was less than half (1/2.3 times) the Rs 225.70 crore in HY-2014.

     

    Films segment reported a loss of Rs 7.46 crore versus operating profit of Rs 10.97 crore in Q1-2015 and an operating profit of Rs 11.81 crore in Q2-2014. Operating profit in HY-2015 at Rs 3.52 crore was less than half the Rs 8.24 crore in HY-2014.

     

    Click here for the financial statement

  • Q2-2015: Airtel Digital TV y-o-y revenue grows 23 per cent, subscriber base up 11.3 per cent

    Q2-2015: Airtel Digital TV y-o-y revenue grows 23 per cent, subscriber base up 11.3 per cent

    BENGALURU: India headquartered communications giant Bharti Airtel Limited (Airtel)’s digital TV (DTH) segment reported a y-o-y growth in Q2-2015 (current quarter) in revenue of 23 per cent to Rs 626.3 crore as compared to the year ago revenue of Rs 507.2 crore. Q-o-q, the company reported a growth of 5.4 per cent from Rs 591.5 crore. For HY-2015, revenue at Rs 1217.8 crore was 22 per cent more than the Rs 997.2 crore in HY-2014.

     

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

     

    EBITDA for the quarter increased to Rs 152.9 crore as compared to Rs 64.6 crore in the corresponding quarter last year. EBITDA margin improved significantly to 24.4 per cent in the current quarter, as compared to a margin of 12.7 per cent in the corresponding quarter last year.

     

    During the current quarter, the Company incurred a capital expenditure of Rs 225.5 crore. Cash burn during the quarter at Rs 72.6 crore has increased, compared to Rs 39.6 crore in the corresponding quarter last year, primarily on account of seasonal build-up of boxes says the company.

     

    Subscription numbers:

     

    The company reported a 1.6 per cent increase in subscriber base to 9.54 million in Q2-2015 from 9.388 million in Q1-2015 and 11.3 per cent more than the 8.572 million in Q2-2014.

     

    Net subscriber additions for the quarter dipped 60 per cent to 151,000 from 376000 in Q1-2015, but was 11 per cent more than the 120,000 subscribers added in the corresponding year ago quarter Average revenue per quarter (arpu) in Q2-2015 was 3 per cent more at Rs 220 from Rs 214 in Q1-2015 and 11 per cent more than Rs 198 in Q2-2014. Monthly churn in Q2-2015 was higher than the 0.6 per cent in Q1-2015 and 1 per cent in Q2-2014.

     

    Bharti Airtel’s consolidated highlights for the second quarter ended September 30, 2014

     

    Customer base crossed mark of 30 crore and stands at 30.37 crore across 20 countries, up 8.4 per cent y-o-y.

     

    Consolidated total revenues at Rs 22,845 crore, up by 7.1 per cent y-o-y.

     

    India revenues up 12.3 per cent; Africa revenues (in local currency) up 6.4 per cent y-o-y.

     

    Consolidated Mobile Data revenue at Rs 2,540 crore, up by 66.7 per cent y-o-y; growth across geographies.

     

    Consolidated EBITDA at Rs 7,705 crore, up by 12.1 per cent Y-o-y, EBITDA margin up 1.5 per cent y-o-y.

     

    India EBITDA margin at 38.3 per cent, up by 3.2 per cent y-o-y.

     

    Net Income at Rs 1,383 crore, up by 170.2 per cent y-o-y.

  • Colgate-Palmolive marketing spend up 16 per cent in Q1-2015

    Colgate-Palmolive marketing spend up 16 per cent in Q1-2015

    BENGALURU: Consumer products player in oral care, personal care and household care space Colgate-Palmolive (India) Limited (Colgate-Palmolive) spent Rs 180.55 crore (18.7 per cent of Total Income or TI) in Q1-2015 towards advertising and marketing (ASP), which was 15.9 per cent more than the Rs 155.78 crore (17.8 per cent of TI) in Q1-2014 and 8.9 per cent more than the Rs 165.86 crore (17.8 per cent of TI) in Q4-2014. At 18.7 per cent of TI, the company’s ASP spend in Q1-2015 was the highest across 9 quarters starting Q1-2013 until Q1-2015.

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

    The company had spent 40.5 per cent more at Rs 688.66 crore (19 per cent of TI) towards ASP in FY-2014 versus Rs 490.07 crore (15.2 per cent of TI). Both on a quarterly basis during the nine months under consideration and across seven financial years starting FY-2008 until FY-2014, the company’s TI, and ASP show increasing linear trend in terms of absolute rupees as well as in terms of percentage of TI.

    Colgate-Palmolive’s TI in Q1-2015 at Rs 963.35 crore was 9.9 per cent more than the Rs 876.61 crore in Q1-2014 and was 3.3 per cent more than the Rs 931.22 crore in Q4-2014. Its TI in FY-2014 at Rs 3629.13 crore was 12.9 per cent more than the Rs 3213.73 crore in FY-2013.

    Please refer to Fig 1 below.

    Colgate-Palmolive’s ASP comprises two components – (a) Advertising, and (b) Sales promotion. Data for three financial years – FY-2012, FY-2013 and FY-2014 show the breakup of ASP into these two components.

    Please refer to Fig 1A below.

    The company’s PAT in Q1-2015 was 27.2 per cent down at Rs 134.91 crore (14.1 per cent of TI) versus Rs 185.22 crore (21.5 per cent of TI) during the year ago quarter Q1-2014 and just 2 per cent more than the Rs 132.3 crore (14.3 per cent of TI) in the immediate trailing quarter. PAT in FY-2014 at Rs.539.87 crore (14.9 per cent of TI) was 8.7 per cent more than the Rs 496.75 crore in FY-2013. On an annual basis, the company’s PAT shows an upward linear trend in terms of absolute rupees, but a downward linear trend in terms of percentage of TI. During the nine quarters under consideration, the company’s PAT shows almost flat to downward linear trend in terms of absolute rupees and a downward trend in terms of percentage of TI.

    Please refer to Fig 2 below.

    Colgate-Palmolive’s brands include Colgate, Palmolive and Axion. Its oral care products include toothpaste, toothbrush, toothpowder, whitening products, kids products, mouthwashes, and plax. Its personal care products include body wash, hand wash, shave preparations, skin care and hair care. Its household care products include surface care products under the brand Axion.

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