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  • HUL ad spends down 10 per cent in Q4-2014, up 12 per cent in FY-2014

    HUL ad spends down 10 per cent in Q4-2014, up 12 per cent in FY-2014

    BENGALURU: Indian FMCG giant Hindustan Unilever Limited (HUL) Advertisement and Promotions spends (Ad & Promo spends) was down 9.59 per cent in Q4-2014 at Rs 840.34 crore as compared to the Rs 929.46 crore in the immediate trailing quarter (Q3-2014), but was 2.34 per cent more than the Rs 821.13 crore in the year ago quarter (Q4-2013). The company spent the lowest amount towards Ad & Promo in Q4-2014 during FY-2014.

    Note : All figures are standalone.

    Overall, across eight quarters starting with Q1-2013 until Q4-2014, HUL’s Ad & Promo spend shows an upward trend, both in rupee value as well as percentage of Operating Income (Op Inc) terms. Please refer to Fig 1 below.

    Also,  the company’s Ad & Promo spends is trending upwards, both in absolute value and as percentage of Op Inc terms between FY-2012 to FY-2014 as is evident from Fig 1A below:

    Across the eight quarters under consideration, HUL’s Op Inc shows an upward trend, though Op Inc in Q4-2014 was (-1.79) per cent lower at Rs 7094.1 crore  as compared to the Rs 7223.35 crore in Q3-2013, though y-o-y Op Inc was higher by 9.72 per cent than the Rs 6465.81 crore in Q4-2013.

    The company’s PAT has shown a declining trend, both in absolute as well as percentage of Op Inc terms during the eight quarters under consideration. PAT for Q4-2014 was (-17.90) per cent lower at Rs 872.13 crore as compared to the Rs 1062.31 crore in Q3-2014 and was 10.79 per cent more than the Rs 787.20 crore in the year ago quarter Q4-2013.

    However, on annualised basis, across three financial years from FY-2012 to FY-2014, PAT has increased and is showing an upward trend, albeit slower in FY-2014, during which it grew by 1.87 per cent to Rs 3867.49 crore from Rs 3796.67crore in FY-2013. Correspondingly, PAT grew in FY-2013 more rapidly at 41.07 per cent from Rs 2691.40 crore in FY-2012. Please refer to Fig 2 and Fig 2A below.

    HUL says that the slowdown in the market in growth (volume and value) across categories continues, and though input costs have been firm, there has been a sharp rise in cost of PFAD, while at the same time competitive intensity has remained high. The company says that its Q4-2014 domestic business has increased by 9 per cent with a 4 per cent underlying volume growth that is far ahead of the market. It says that its soaps and detergents business grew by 9 per cent, personal products and beverages grew by 8 per cent each and packaged foods by 13 per cent during the quarter.

    Here is what the company has to say about various categories.

    Soaps and Detergents: Healthy performance

    Skin Cleansing delivered double digit growth, aided by a step up in price growth as judicious pricing actions were taken to manage input cost inflation. Growth was broad based across brands with the liquids portfolio seeing accelerated growth.

    In laundry, growth was led by the premium segment with Surf maintaining its double digit growth momentum and Rin delivering good growth on the bars portfolio. Wheel growth stepped up on the back of its re-launch in the last quarter. Comfort Fabric Conditioners continue to lead market development with sustained high growth. Vim led the performance in Household Care.

    Personal Products: Growth in a challenging environment

    Skin Care grew well in a soft market. The re-launch of Fair & Lovely, with the new ‘Best Ever Formula’ and supported by a focused activation plan, is yielding positive results. Ponds had a good quarter at the premium end while Lakme and Dove sustained their robust performance. The Facial Cleansing portfolio registered broad based growth driven by innovations launched in previous quarters.

    Hair Care sustained volume led double digit growth with Dove delivering another strong performance and Clinic Plus doing well. TRESemmé, which saw the addition of a new Split Remedy variant, continued to make very good progress.

    In Oral Care, significant investments were made to sustain our competitiveness in the category. While Close Up grew in the quarter, Pepsodent was impacted by the high promotional intensity in the market. Actions are underway to step up performance.

    Colour Cosmetics maintained its strong innovation led growth momentum across both Lakme and Elle 18. Lakme continues to strengthen its position in premium make up driven by a range of exciting and contemporary offerings.

    Beverages: Growth led by Tea

    Tea sustained double digit growth on the back of stepped up volumes. Taj Mahal, Red Label and 3 Roses grew in double digits, driven by a strengthened mix and focused in-market activities. The thrust on leading market development for tea bags saw flavoured and green tea bags more than double sales in the quarter. In Coffee, Bru Gold continued to perform well.

    Packaged Foods: Strong performance by Kissan, Kwality Walls and Magnum

    Kissan registered another robust quarter with growth accelerating on both Ketchups and Jams, driven by impactful activation while Knorr growth continued to be led by Instant Soups which more than doubled volumes. Ice creams saw strong growth arising from the selling in of Magnum which was extended to four other cities, and sharper in-market execution on Kwality Walls, ahead of the season.

  • Q3-2014: HT Media Fever FM’s operating profit three times a year ago

    Q3-2014: HT Media Fever FM’s operating profit three times a year ago

    BENGALURU: HT Media Limited’s Fever 104 FM radio business reported its operating profit in the third quarter ended 31 December, 2013 at Rs 7.79 crore was over three-times a year ago and was up 66.1 per cent from a quarter ago.

     

    In the nine months ended 31 December, 2013, Fever’s operating profit at Rs 16.15 crore was two-and-a-half times a year ago. Fever’s consolidated operating profit was Rs 7.40 crore in 2012-13.

     

    HT Media’s Fever 104 FM operates radio stations in Mumbai, Bangalore, Kolkata and Delhi.

     

    HT Media’s core business –  Printing and Publishing of Newspapers and Periodicals — saw operating profit grow 2.6 per cent to Rs 85.93 crore in the third quarter of 2013-14 from Rs 83.78 crore a year ago. The printing and publishing business’ operating profit in the third quarter was up 44.5 per cent from Rs 59.48 crore a quarter ago.

     

    In the nine months ended 31 December, 2013, printing and publishing business’ operating profit rose 16.2 per cent to Rs 226.87 crore from Rs 195.28 crore a year ago. In 2012-13, HT Media’s Printing & Publication segment reported consolidated operating profit of Rs 263.69 crore.

     

    HT Media reported a growth of 6.1 per cent in Q3-2014 consolidated income from operations to Rs 573.04 crore from Rs 540.25 crore in Q3-2013 and a growth of 8.8 per cent from Rs 526.83 crore in Q2-2014.

     

    In the nine months ended 31 December, 2013, HT Media’s consolidated operating Income rose 7.1 per cent to Rs 1,632.1 crore from Rs1,524.45 crore a year ago. In 2012-13, HT Media’s consolidated operating income was Rs 2015.99 crore.

     

    HT Media’s consolidated total expenses in the third quarter rose 5.2 per cent to Rs 506.53 crore from Rs 481.58 crore a year ago and 2.8 per cent more than Rs 492.61 crore a quarter ago.

     

    In the nine months ended 31 December, 2013, the company’s consolidated total expenses rose 5.6 per cent to Rs 1,483.95 crore from Rs 1,405.27 crore a year ago. In 2012-13, the company’s total consolidated expenses were Rs 1,857.26 crore.

     

    HT Media’s consolidated PAT in Q3-2014 at Rs 67.02 crore was 25 per cent more than Rs 53.61 crore a year ago and 15.2 per cent more than Rs 58.18 crore a quarter ago. HT Media’s PAT in the nine months ended 31 December, 2013 was Rs 172.69 crore, up 35.4 per cent more than Rs 127.57 crore a year ago. The company’s PAT for 2012-13 was Rs 167.65 crore.

     

    Segment Figures

     

    HT Media’s Printing & Publishing segment saw 4 per cent rise in consolidated operating revenue in Q3-2014 to Rs 533.53 crore from Rs 513.04 crore in the corresponding quarter of last year and an increase of 7.6 per cent from Rs 495.85 crore in Q2-2014. YTD, the segment’s Operating revenue grew by 4.9 per cent to Rs 1523.96 crore from Rs 1452.85 crore in the corresponding nine month period of last year. During FY 2013, the segment reported revenue of Rs 1919.95 crore.

     

    Radio (Fever) reported revenue of Rs 26.67 crore for Q3-2014, which was 24.9 per cent more than the Rs 21.35 crore in Q3-2013 and 20.4 per cent more than the Rs 22.16 crore in Q2-2014. YTD, revenue of Rs 70.24 crore was 17.3 per cent more than the Rs 59.87 crore in the corresponding nine month period of last year. During FY 2013, the segment reported revenue of Rs 78.3 crore.

     

    HT Media’s Digital segment saw operating revenue growth of 41.7 per cent to Rs 19.54 crore in Q3-2014 from 13.79 crore in Q3-2013 and a growth of 9.71 per cent as compared to the Rs 17.81 crore in Q2-2014. YTD, this segment grew 38.9 per cent to Rs 54.4 crore from Rs 39.16 crore in the corresponding nine month period of last year. During FY 2013, the segment reported revenue of Rs 53.77 crore.

     

    Loss from HT Media’s Digital segment fell (14.2) per cent to Rs (7.6) crore in the current quarter from Rs (8.86) crore in Q3-2013 and was (26.1) per cent lower than the Rs (10.29) crore in Q2-2014. However, YTD, the Digital segment’s loss of Rs (34.93) crore was higher by 14.4 per cent as compared to the Rs (30.54) crore in the corresponding nine month period of last year. During FY 2013, the segment reported loss of (38.56) crore.

     

    Unallocated segment revenue was Rs 3.62 crore in Q3-2014; Rs 1.16 crore in Q3-2013; Rs 2.55 crore in Q2-2014; Rs 8.81 crore YTD as compared to the Rs 5.27 crore in the corresponding nine month period of last year. For FY 2013 Unallocated segment revenue was Rs 8.97 crore. Loss from this segment was: Rs (11.37) crore in Q3-2014; Rs (12) crore in Q3-2013; Rs (11.84) crore in Q2-2014; YTD Rs (35.18) crore as compared to the Rs (28.51) crore in the corresponding nine month period of last year. For FY 2013, Unallocated segment reported loss of Rs (41.31) crore.

  • Q3-2014: Sun TV ad, subs revenue up; declares 3rd interim dividend

    Q3-2014: Sun TV ad, subs revenue up; declares 3rd interim dividend

    BENGALURU: Sun TV Network Limited (Sun TV) has declared sunny results once again for Q3-2014. The company says that its q-o-q Ad revenue grew by 17 per cent in Q3-2014. Sun TV says that during the quarter, Subscription revenue from cable and DTH digitisation momentum with a sustained growth of approximately 27 per cent y-o-y at Rs 167.12 crore as compared to the Rs 131.27 crore. It says further that its international subscription revenue grew by 29 per cent as compared to the same period of last year.

     

    The company’s board of directors has declared an interim dividend of Rs 2.50 per share (50 per cent). This is in addition to the interim dividend of Rs 2.25 per share (45 per cent) and Rs 2.50 per share (50 per cent) declared at the Board meetings held on 02 August, 2013 and 8 November, 2013 respectively.

     

    PAT for Q3-2014 grew 9.83 per cent to Rs 185.79 crore from Rs 169.16 crore in the immediate trailing quarter, but was 2.15 per cent lower y-o-y than the Rs 189.88 crore in Q3-2013. It’s YTD PAT grew 2.68 per cent to Rs 519.39 crore from Rs 505.84 crore in the corresponding period of last fiscal. During FY-2014, the company reported a PAT of Rs 683.34 crore.

     

    Let us look at the other Q3-2014 results reported by Sun TV

     

    Sun TV reported 8.99 per cent higher q-o-q operating revenue for Q3-2014 at Rs 503.84 crore and hence crossed the Rs 500 crore per quarter revenue mark for the first time. Its Q2-2014 operating revenue was Rs 466.41 crore and Q3-2013 operating revenue was Rs 48.86 crore – comparatively the current quarter’s operating revenue was higher by 4.63 per cent. For the nine month period ended 31 December, 2013, Sun TV reported 17.22 per cent growth to Rs 1576.60 crore from Rs 1344.95 crore in the corresponding period of last year.

     

    Sun TV’s Total Income at Rs 523.19 crore was 3.58 per cent more than the Rs 505.11 crore in Q2-2014 and 5.39 per cent more than the Rs 494.61 crore in Q3-2013. Its current year’s nine month total revenue was up 19.18 per cent to Rs 1642.64 crore as compared to the Rs 1378.34 crore reported in the corresponding nine month period of last fiscal.

     

    Sun TV’s total expense at Rs 242.38 crore in Q3-2014 was 1.59 per cent lower than the Rs 246.29 crore in Q2-2014 and 13.31 per cent more than the Rs 213.90 crore in Q3-2013. YTD, its total expense including Rs 85.05 crore towards IPL Franchise Fees at Rs 854.26 crore was 36 per cent more than the Rs 628.12 crore of the corresponding period of last year. Excluding IPL Franchise Fees (which is not a quarterly recurring expense, but an annual one), Sun TV’s total YTD expense at Rs 769.21 crore was 22.46 per cent more than the total expense for the corresponding nine month period of last year.

     

    Click below for:-

     

    Financials

     

    Earnings Release

     

  • HUL y-o-y ad spends up by 13 per cent, down q-o-q by 2.6 per cent in Q3-2014

    HUL y-o-y ad spends up by 13 per cent, down q-o-q by 2.6 per cent in Q3-2014

    BENGALURU: Indian FMCG major Hindustan Unilever Limited spent 13 per cent more in Q3-2014 towards advertising and marketing at Rs.929.46 crore as compared to the Rs.822.16 crore during Q3-2013, but 2.57 per cent lower than the Rs.954.02 crore for Q2-2014.

     

    During the nine month period ended December 31, 2013 (y-t-d), the company spent Rs. 2773.26 crore, 15.04 per cent more than the corresponding period during the last year. During FY2013, HUL spent Rs.3231.88 crore towards advertising and marketing during FY2013.

     

    Overall, the FMCG giant saw standalone revenue during Q3-2014 increase by 9.39 per cent to Rs.7037.78 crore from the Rs.6433.69 crore during the corresponding quarter of last year and increase by 4.31 per cent from the Rs.6747.20 crore during the immediate trailing quarter.

     

    Its nine month revenue to December 31, 2013 increased by 8.67 per cent to Rs.20472.47 crore from Rs.18839.25 crore during the nine month period ended December 31, 2012. HUL had revenue of Rs.25206.38 crore during FY2013.

     

    Based on this advertising and marketing  spends percentage with respect to revenue during Q3-2014 was 13.21 per cent, in Q3-2013 it was 12.78 per cent and in the immediate preceding quarter it was 14.14 per cent.

     

    The corresponding advertising and marketing spends percentage of overall standalone revenue was slightly higher at 13.55 per cent during the nine month period ended 31 December 2013 at Rs.2773.26 crore as compared to the 12.8 per cent (Rs.2410.75 crore) during the corresponding period of last year. During FY2013, the percentage of standalone revenue that the company spent towards marketing and advertising was 12.82 or Rs.3231.88 crore.

     

    HUL’s PAT jumped by 22.02 per cent to Rs.1062.31 crore during Q3-2014 from Rs.871.36 crore in Q3-2013 and was up by b16.26 per cent from the Rs.913.80 crore during Q2-2014. PAT for the nine month period of FY 2014 at Rs.2995.36 crore was lower by a little less than half a per cent as compared to the Rs.3009.47 crore during the corresponding period of last year. HUL’s PAT for FY2013 was Rs.3796.67 crore.

     

    The company reported healthy performance and growth in most of the segments it operates in. Here is a reproduction of a part of the company’s press release.

     

    Soaps and Detergents deliver a healthy performance

     

     Skin Cleansing delivered another quarter of volume led growth. The category performance was driven by Dove, Pears, Lifebuoy and Breeze. Pears was relaunched during the quarter with a new proposition around younger looking skin. The liquids portfolio saw accelerated growth led by Lifebuoy Handwash.

     

     In Laundry, growth was led by the premium segment. Surf growth was buoyed by the robust performance in Surf Excel Easy Wash and Excel Matic while Rin saw good growth on the bars portfolio. Wheel was re-launched with a superior formulation at the end of the quarter. Comfort fabric conditioners continued to lead market development with sustained high growth. Household Care delivered another strong quarter with both Vim and Domex growing in double digits.

     

     Personal Products growth steps up

     

     Skin Care grew well in a slowing market. The re-launch of Fair & Lovely, with the new ‘Best Ever Formula’ and a focused activation plan in the last quarter, is on track. Lakme and Dove grew well and the facial cleansing portfolio registered strong growth, driven by a range of differentiated innovations launched earlier in the year.

     

    Hair Care sustained its strong growth momentum with broad based double digit volume growth. Dove led the category performance with accelerated growth while Sunsilk, Clinic Plus and TRESemmé continued to make very good progress.

     

     In Oral Care, both Pepsodent and Close Up delivered stepped up double digit growth in a competitive market. Pepsodent GermiCheck which was relaunched in the last quarter with a superior product and proposition did particularly well. A&P investments were significantly stepped up to sustain our competitive position in this category.

     

     Colour Cosmetics maintained its strong innovation led growth momentum across both Lakmé and Elle 18. Lakmé continues to strengthen its position in premium make up driven by a range of exciting and contemporary offerings from Absolute and 9 to 5.

     

     Beverages led by double digit growth in tea

     

    Tea delivered another quarter of broad based growth with Taj Mahal, Red Label, 3 Roses and Taaza growing in double digits, driven by a strengthened mix and focused in-market activities. The sustained thrust on leading market development for tea bags, enabled flavoured and green tea bags more than double sales in the quarter. The Lipton Clear Green Tea portfolio was expanded with the launch of new packs. In a slowing Coffee market, Bru continued to drive category premiumization, led by Bru Gold.

     

     Packaged Foods growth steps up; Kissan, Knorr and Kwality Walls grow in double digits

     

     Kissan further accelerated with both Ketchups and Jams delivering strong growth on the back of impactful activation. Knorr had a good quarter particularly on Instant Soups which more than doubled volumes while the growth in Kwality Walls was driven by sharper in-market execution and the robust performance of Cornetto and Creamy Delights. Magnum continues to do well.

  • Sri Adhikari Brothers PAT q-o-q jumps 25 per cent in Q2-2014

    Sri Adhikari Brothers PAT q-o-q jumps 25 per cent in Q2-2014

    BENGALURU:  Sri Adhikari Brothers Television Network Limited (Sri Adhikari Brothers) reported a PAT of Rs 2.28 crore for Q2-2013, 24.6 per cent higher than the q-o-q PAT of Rs1.83 crore for Q1-2014.But Q2-2014 PAT dropped by 13 per cent as compared to the y-o-y PAT of Rs 2.62 crore for the corresponding quarter of last year (Q2-2013). The content provider had reported a loss of Rs 3.02 crore for Q4-2013.

     

     Net Sales/Income from operations for Q2-2014 at Rs 18.13 crore was 3.5 per cent higher than the Rs 17.52 crore for the trailing quarter (Q1-2014) and 29 per cent higher than the Rs 14.05 crore for Q2-2013.

     

    Let us look at the other results reported by Sri Adhikari Brothers for Q2-2014.

     

    Earnings before interest, depreciation and taxes (EBIDT) for Q2-2014 at Rs 5.04 crore was 10.7 per cent more than the Rs 4.56 crore for Q1-2014, but 15.8 per cent less than the EBIDT of Rs 5.99 crore for the corresponding quarter of last year.

     

    Sri Adhikari Brothers’ total expenditure for Q2-2014 at Rs 15.42 crore was about 0.9 per cent more than the Rs15.28 crore for Q1-2014 and 38.4 per cent more than the Rs 11.14 crore for Q2-2013.

     

    Production/direct expenditure for Q2-2014 at Rs 11.07 crore was 3.7 per cent more than the Rs 10.68 crore for Q1-2014 and 48.8 per cent more than the Rs 7.44 crore for Q2-2013.

     

     Other expenditure at Rs 1.67 crore for Q2-2014 was 13.4 per cent lower than the Rs 1.93 crore for Q1-2014 and 40.4 per cent more than the Rs 1.19 crore for the corresponding quarter of last year.

     

    Depreciation was almost flat for the three quarters – Rs 2.32 crore for Q2-2014, Rs 2.30 crore for Q1-2014 and Rs 2.36 crore for Q2-2013.

     

    Interest and finance charge for Q2-2014 at Rs 0.4437 crore was 4.6 per cent higher than the Rs 0.4241 crore for Q1-2014 and less than half (41.4 per cent) of the Rs 1.0223 crore q-o-q.

     

    Notes:  (1) In the AGM held on 27 September 2013, the company declared and paid final dividend at the rate of Rs 0.60 per equity share of Rs 10 each aggregating to Rs 1.4967 crore

     

    (2) Provision for tax and deferred tax as applicable will be considered by the company at the end of the financial year

  • Reliance Media Works reports lower consolidated loss y-o-y for Sept 2013 quarter

    Reliance Media Works reports lower consolidated loss y-o-y for Sept 2013 quarter

    BENGALURU: Reliance Media Works (RMW), formerly Adlabs Films and a part of the Reliance ADA group, reported lower consolidated net loss in the July-September 2013 (SQ-2013) quarter as compared to the corresponding quarter of last year. RMW’s total consolidated loss before tax for the quarter SQ-2013 at Rs 121.99 crore was almost half (52.74 per cent) of the Rs 231.31 crore the company had reported for the corresponding quarter of last year (Quarter ended 30 September 2012 or SQ-2012), and almost flat as compared to the loss of Rs 120.09 crore for the quarter ended 30 June 2013 (JQ-2013).

     

    Notes:  (1) The board of directors of the company in its meeting on 11 August 2013 has extended the financial year of the company to March 2014 which has been accepted by the Registrar of Companies. Accordingly the financial statements of the company will be drawn for 18 month period ended 31 March 2014. Hence the various quarter have been referred to as SQ (September Quarter) and (JQ) June Quarter of the respective calendar year (not financial year, since this has been changed once again by the company).

     

    (2) Notes of the attached financial statement must be read along with this analysis.

     

    (3) RMW’s net worth has eroded, however, having regard to revenue visibility of new businesses in film and media services, improved operational performance of exhibition business, financial support from its promoters, further restructuring exercise being implemented etc., the financial statements have been prepared on the basis that the company is a going concern and that no adjustments are required to the carrying value of assets and liabilities.

     

    Let us look at RMW’s other results for the quarter ended SQ- 2013.

     

    Consolidated income for SQ-2013 at Rs 192.54 crore was 11.11 per cent lower than the Rs 216.61 crore for the corresponding quarter last year SQ-2012 and 0.8 per cent lower than the Rs 194.17 crore for JQ-2013.

     

    RMW reported total income from operations for SQ-2013 at Rs 186.63 crore which was about 13 per cent lower than the Rs 214.46 crore for SQ-2012 and 3.6 per cent higher than the Rs 180.16 crore for JQ-2013.

     

    Total expense for SQ-2013 at Rs 238.40 crore was 21.54 per cent lower than the Rs 303.83 crore for SQ-2012 and almost flat as compared to the Rs 238.97 crore for JQ-2013.

     

    RMW paid 20.46 per cent lower distributors share for SQ-2013 at Rs 39.66 crore as compared to the Rs 49.86 crore for SQ-2012, but 8.2 per cent higher than the Rs 36.66 crore for JQ-2013.

     

    Depreciation, amortisation and impairment for SQ-2013 at Rs 37.27 crore was 7.2 per cent higher than the Rs 34.78 crore for SQ-2012 and 4.1 per cent higher than the Rs 35.79 crore for JQ-2013.

     

    RMW says that it has undertaken an initiative for rationalisation/improvement of exhibition business, under which it is re-negotiating rentals downwards and in some cases exit the properties. Its rental expense at Rs 43.07 crore for SQ-2013 was 11.6 per cent lower than the Rs 48.72 crore for SQ-2012 and 16 per cent lower than the Rs 51.27 crore for JQ-2013.

     

    Segment results

     

    RMW’s film production segment has been the biggest contributors to the loss. This segment reported income of Rs 35.55 crore for SQ-2013 and a loss of Rs 37.62 crore. The film production loss for SQ-2013 was 38.35 per cent lower than the Rs 61.02 crore for SQ-2012 against flat income of Rs 35.35 crore.  Comparatively, revenue for SQ-2013 was 14.6 per cent higher at Rs 41.62 crore, with a 12.13 per cent lower loss of Rs 33.55 crore.

     

    Theatrical exhibition had an income of Rs 138.6 crore for Q2-2013, which was 15.1 per cent lower than the Rs 163.26 crore for SQ-2012 and 8.7 per cent higher than the Rs 127.56 crore for JQ-2013. This segment reported less than one sixth the loss for SQ-2013 at Rs 14.79 crore as compared to the Rs 94.87 crore for SQ-2012 and 39 per cent lower than the Rs 24.25 crore for JQ-2013.

     

    The only profitable segment, television, film production and distribution reported income of Rs 15.49 per cent for SQ-2013 which was 16.9 per cent higher than the Rs 13.25 crore for SQ-2012, but 10.93 per cent lower than the immediate preceding quarter (JQ-2013) which reported income of Rs  17.39 crore. This segment reported profit of Rs 4.37 crore for SQ-2013 which was 19.82 per cent lower than the Rs 5.45 crore for SQ-2012 and almost flat as compared to the Rs 4.34 crore for JQ-2013.

  • Encore! PVR repeats blockbuster results for Q2-2014

    Encore! PVR repeats blockbuster results for Q2-2014

    BENGALURU:  Indian motion picture exhibition, production and distribution house PVR Limited (PVR) repeated, actually bettered by far, its Q1-2014 stellar results during Q2-2014. PVR’s consolidated revenue for quarter ended 30 September 2013 stood at Rs 367.1 crore up 89 per cent as compared to Rs 193.6 crore during the corresponding period of last year and nine per cent more than PVR’s consolidated revenue for Q1-2014 which was Rs 337.3 crore.

     

    Consolidated profit after tax (PAT) at Rs 27.7 crore up by 71 per cent as against of Rs 16.1 crore in the September quarter last year (Q2-2013), and more than double the PAT of Rs 13.6 crore in Q1-2014.

     

    The company says that it has delivered a strong financial and operational performance in the quarter especially given that there were only two big releases – Chennai Express and Bhaag Milka Bhaag in the quarter as compared to five big films (Ek Tha Tiger, Barfi, Bol Bachan, Dark Knight  and Amazing Spiderman) a year-ago. The company also says that footfalls increased by eight per cent to 1.66 crore in the quarter while average ticket prices rose by four per cent as against same period last year.

     

    NOTE : (1) The board of directors in the meeting held on 15 June 2013, approved the composite scheme of amalgamation (Scheme) for the merger of Cine Hospitality Private Limited its wholly owned subsidiary and Cinemax India Limited along with its subsidiaries companies, namely , Nikmo Entertainment Limited, Odeon Shrine Multiplex Limited, Vista Entertainment Limited, Growel Entertainment Limited and Cinemax Motion Pictures Limited with the Company from the appointed date of 1st April 2013. As per the proposed Scheme, which is subject to approval of shareholders, creditors and regulatory authorities, the minority shareholders of Cinemax India Limited will receive equity shares of PVR Limited in the swap ratio of four equity shares of PVR Limited against seven equity shares of Cinemax India Limited. Further, SEBI, NSE & BSE have given their NOC in the current quarter and 7 December 2013 has been fixed by the Hon’ble High Court, New Delhi for holding the meeting of members and creditors of the Company.

     

    (2) The company in Oct 2013 entered into an agreement for sale of Anupam multiplex property located at Saket, New Delhi for a total consideration of Rs 52 crore. The sale and property is in line with company’s strategy to maintain an asset light business model.  The sale will release substantial capital to fund the future projects and enable the company to improve its Return on Capital Employed says PVR.1

     

    Let us look at the figures reported by PVR Limited for Q2-2014
    Exhibition Business

     

    PVR

    PVR’s standalone revenue of Rs 237.94 for Q2-2014 was 32 per cent more than the Rs 179.87 crore for Q2-2013 and 13.75 per cent more than the Rs 209.18 crore for Q1-2014.

     

    Expense for Q2-2014 at Rs 192.58 crore was 33 per cent more than the Rs 145.26 crore of Q2-2013 and 11 per cent more than the Rs 173.16 crore of Q1-2013.
    It’s EBIDTA for Q2-2014 at Rs 45.36 crore (Margin 19.1 per cent) as compared to the Rs 34.61 crore (Margin 19.2 per cent) for Q2-2013 and Rs 36.02 crore (Margin 17.2 per cent) for Q1-2014.111

     

    PVR’s standalone PAT for Q2-2014 at Rs 21.83 crore was 46 per cent more than the Rs 14.96 crore of Q2-2013 and more than a third (up 34 per cent) of the Rs 16.25 crore in Q1-2014.

     

    Cinemax

     

    Revenue for Q2-2014 from Cinemax at Rs 111.77 crore was five per cent lower than the Rs 117.44 crore for Q2-2013 and three per cent more than the Rs 108.62 crore for Q1-2014.

     

    Expense for Q2-2014 at Rs 84.43 crore was three per cent lower than the Rs 87.15 crore of Q2-2013 and 1.3 per cent lower than the Rs 85.52 crore of Q1-2014.
    EBIDTA for Q2-2014 was Rs 27.34 crore (24.5 per cent); for Q2-2013 – Rs 30.9 crore (25.8 per cent) and Rs 23.09 crore (21.3 per cent) for Q1-2014.

     

    Q2-2014 PAT at Rs 13.08 crore was 17 per cent lower than the Rs 15.81 crore of Q2-2013, but over 2 and half times (2.52 times) of the Rs 5.19 crore of Q1-2014.
    PVR says that Cinemax ATP was flat on account of harmonising of ticket pricing on weekdays and weekends in accordance with PVR pricing strategy and tax free Marathi films played in the western circuit.

     

    Food and beverage revenues grew by 25 per cent over corresponding quarter of previous year on account of success of the various strategic initiatives taken by the company. A 42 per cent growth in Sponsorship revenues reflected strong continuing positive performance year on year.

     

    PVR chairman cum MD Ajay Bijli said, “The strength of the film line up for the second half coupled with our solid first six months performance underpins our confidence that we are on track with our plans for the full year. We have maintained the position as the leading multiplex player in India and in this quarter we will surpass an important milestone of 400 screens in India.”

  • TV Today doubles Q3 profit before tax and interest from broadcast biz

    TV Today doubles Q3 profit before tax and interest from broadcast biz

    MUMBAI: The third quarter of the financial year 20123-13 has been the best quarter for news broadcasters notwithstanding the less than buoyant festive season with advertisers.

     

    TV Today Network’s revenue from TV business increased to Rs 879.6 million for the three-month period ended 31 December 2012, from Rs 765.7 million a year earlier.The company owns and operates news channels such as Aaj Tak, Tez and Headlines Today.

     

    Profit before tax and interest for TV Broadcasting business more than doubled to Rs 200.3 million from Rs 98.92 million a year earlier.

        
    TV Today Network’s net profit from the television and FM radio broadcasting business combined rose more than four times to Rs 153.5 million in the third quarter ended 31 December from Rs 35.49 a year earlier.

     

    On the pure radio business front, TV Today Network narrowed the loss before tax and interest to Rs 32 million in the third quarter from Rs 43 million a year earlier. Its revenue from radio was Rs 24.69 million against to Rs 21.47 million a year earlier.

     

    TV Today Network’s overall income from operations in the third quarter increased 15 per cent to Rs 903.7 million from Rs 786.79 million a year earlier, while its expenses for the quarter saw a marginal fall to Rs 752 million from Rs 742.7 million.

     

    TV Today Network’s production cost declined to Rs 93.3 million from Rs 102.5 a year ago.

     

    Its advertisement, distribution and sales promotion expenses were flat at Rs 229.8 million compared with Rs 220.2 million.

  • Financial services provider Iffco-Tokio highlights the happy moments

    Financial services provider Iffco-Tokio highlights the happy moments

    MUMBAI: August Communications has conceptualised and executed the latest advertising campaign for financial services provider Iffco-Tokio. The television commercial is produced by Thoughtshop Film Productions.

    The campaign takes off from insight that there are certain fleeting moments of joy that cannot be measured in everyone’s life. Through the brand campaign, it intends to join its audience in celebrating these intangible, often taken-for-granted, moments of joy in a manner that‘s warm, enjoyable and essentially very ‘Indian‘.

    The campaign gives a glimpse of the happy moments one will live and also that the source of all such ‘khushiyan’ is taking general insurance. This ‘Khushiyon ka beema’ campaign thought takes the viewers one step ahead of what the products like Motor or Health Insurances have to offer.

    By proclaiming ‘ek bima hona chaiye‘, the campaign attempts to establish ‘bima‘ or general insurance as a psychological symbol of safety.

    The underlying message in the campaign is ‘we stand for the ‘bima‘ of your joy, however big or small.’ The campaign also brings the original brand proposition; ‘Muskurate Raho‘ in renewed focus through a fresh take on the idea.

    The TVC is a montage of interesting, quirky and warm situations found commonly in an Indian context and yet, never really voiced and that an Indian audience will relate to and identify with immediately. The brand campaign comprises two 45 seconds edits and two 20 second edits further embellished by few 10 seconders.

  • TV Today plans Rs 230 million buy back of shares

    TV Today plans Rs 230 million buy back of shares

    MUMBAI:TV Today Network plans to buy back shares up to five per cent and free reserves aggregating approximately Rs 230 million.

    The board of directors of TV Today Network will meet on January 29 to consider this as well as the unaudited financial results for the quarter ended 31 December 2006.

    The scrip hit a high of Rs 110.45 and a low of Rs 98 on Wednesday. It gained 4.88 per cent to close the day at Rs 103.20.