ITV

Tag: Financials

  • Nazara records Rs 4,466 million revenue for 9MFY22

    Nazara records Rs 4,466 million revenue for 9MFY22

    Mumbai: India-based diversified gaming and sports media platform Nazara Technologies has announced that its operating revenue grew by 35 per cent to Rs 4,466 million for the quarter and nine months ended 31 December 2021. In 9MFY21, it had reported Rs 3,308 million.

    According to the un-audited standalone and consolidated results shared by the company, it delivered a Profit After Tax (PAT) of Rs 428 million, recording a growth of 355 per cent y-o-y. The EBITDA stood at Rs 797 million, a growth of 141 per cent YoY, while the EBITDA margins were recorded at 17.8 per cent vs 10 per cent for 9MFY21. This value excludes other income, it said.

    The esports segment demonstrated 75 per cent growth in revenue as well as 71 per cent growth in EBITDA in the first 9MFY22. According to Nazara, the e-sports segment now contributes the highest revenue in Nazara portfolio with a 48 per cent contribution in 9MFY22 revenue vs 37 per cent in 9MFY21.

    Gamified Early Learning grew by 22 per cent in 9MFY22 over 9MFY21 and added a net positive paying subscriber base in Q3. While the skill-based real money gaming grew by 53 per cent in 9MFY22 over 9MFY21 and delivered break-even EBITDA in Q3 as against losses in previous quarters.

    “We have witnessed 75 per cent YoY growth in the esports segment for 9MFY22 led by strong growth in revenue across all sub-segments in Nodwin and SportsKeeda,” said Group CEO Manish Agarwal. “The addition of original IPs such as NH7 Weekender and expansion of our esports business into the Middle East via our acquisition of Publishme has further accelerated the growth momentum.”

    According to Agarwal, Nazara’s strategy of having a diversified portfolio across business segments in gaming continues to provide the company with a stable and strong platform on which we can continue to build future growth and success. “The company continues to remain committed to building multiple growth levers across gamified learning, freemium, esports, and skill-based real money gaming via growth in its current portfolio and the addition of more offerings in the ‘Friends of Nazara’ network through strategic M&A.”

  • Reliance net profit jumps 41 % YoY to reach Rs 18,549 crores in Q3

    Reliance net profit jumps 41 % YoY to reach Rs 18,549 crores in Q3

    Mumbai: Mukesh Ambani-led conglomerate Reliance Industries Ltd (RIL) continued its golden run, and posted a net profit of Rs 18,549 crores for the third quarter ended 31 December 2021. This is an increase of 41 per cent from ₹13,101 crore reported a year ago during the same period.

    The company had posted a profit of Rs 13,680 crore in the September 2021 quarter.

    “I am happy to announce that Reliance has posted best-ever quarterly performance in 3Q FY22 with a strong contribution from all our businesses. Both our consumer businesses, Retail, and Digital services have recorded the highest ever revenues and EBITDA,” said RIL chairman and MD Mukesh Ambani on Friday.

    Ambani said the company continued to focus on strategic investments and partnerships across its businesses to drive future growth in the last quarter. “Retail business activity has normalised with strong growth in key consumption baskets on the back of festive season and as lockdowns eased across the country. Our digital services business has delivered broad-based, sustainable, and profitable growth through improved customer engagement and subscriber mix,” he added.

    The consolidated revenue for the company by market-capitalisation grew to Rs 1,91,271 crore, up by 62 percent for the quarter from Rs 1,17,860 crore in the year-ago period. Revenues in the previous quarter stood at Rs 1,67,611 crore.

    Reliance Jio’s revenue rise five per cent at Rs 19,347 crore

    The net profit of Reliance Jio, the telecom arm of the company rose 10 per cent YoY to Rs 3,615 crore for Q3. It was Rs 3,291 crore in the last year period. The revenue rose five per cent at ₹19,347 crore as against ₹18,492 crore in the last year period. “Jio now has over five million connected wireline customers and has been consistently enhancing its FTTH product with new apps on STB, Society Centrex, 4K content on JioTV+, Home Secure, Home Automation, LiveTV and Gaming solutions,” the conglomerate said.

    Jio also undertook ~20 per cent hike across prepaid plans effective 1 December 2021 in line with other industry operators. According to the company, while the ARPU is set to improve to Rs 151.6 led by a better subscriber mix and recent tariff hike, the full impact of tariff hike will be reflected in ARPU and financials over the next few quarters. During 3Q FY22, average data and voice consumption per user per month increased to 18.4 GB and 901 minutes, respectively.

    Meanwhile, Jio continues to maintain its top position in the 4G speed chart with a 22.0 Mbps average download speed in December 2021, according to the latest Telecom Authority of India (Trai) report.

    Ambani also highlighted that the recovery in global oil and energy markets supported strong fuel margins and helped its O2C business deliver robust earnings. “Our Oil & Gas segment delivered strong growth in EBITDA with volume growth and improved realisation. We are making steady progress towards achieving our vision of Net Carbon Zero by 2035. Our recent partnerships and investments in technology leaders in the solar and green energy space is illustrative of our commitment to partner India and the World in the transition to clean and green energy. We continue to pursue growth initiatives and collaborate with global leaders who share our vision of a sustainable future for our planet,” he added.

  • Nxtdigital clocks 15.48% revenue growth in H1

    Nxtdigital clocks 15.48% revenue growth in H1

    New Delhi: Integrated digital platforms company Nxtdigital, the media vertical of the Hinduja Group has reported a 15.48 per cent growth in its consolidated revenues for the half year ending 30 September. The revenue reached Rs 543.42 crore, up from Rs 470.58 crores for the corresponding period of the previous year.

    The company with a presence in digital cable, satellite (Hits), broadband and content syndication announced its results for the quarter and half year ending 30 September on Thursday.

    Nxtdigital continued to maintain a robust EBIDTA at Rs 102.89 crore for the half year, and ended the second quarter with a 17.38 per cent year-on-year revenue growth, closing at Rs 276.83 crore against Rs 235.76 crore in Q2 of the previous fiscal. It maintained a robust EBIDTA at Rs 51.63 crore.

    The company attributed its revenue growth to its strategy and aggressive growth plans, with a clear focus on positive cashflows across business verticals.

    The broadband business segment crossed 7.2 lakh subscribers. Nxtdigital also launched 40 future-ready Nxthubs across the country – each with digital capability of providing video, broadband and other emerging solutions including OTT and WiFi to distribute up to 650 digital TV channels received via satellite.

    Even whilst the pandemic continued to have a bearing on the media and entertainment industry, Nxtdigital’s business verticals continued to grow. Buoyed by the demand for internet connectivity across retail customers and enterprise businesses, the broadband business vide its subsidiary OneOTT Intertainment crossed 7.2 lakh subscribers, clocking a growth rate of 76 per cent in Q2 of the current fiscal over last year.

    “Our performance in the first half of this fiscal reflects the company’s focus on growth, gradually emerging out of the challenges of the pandemic that still have a bearing on the media and entertainment industry,” stated Nxtdigital CEO and MD Vynsley Fernandes. “Our strategy for the rest of this fiscal is premised on leveraging the strength of our solutions and our pan-India footprint of touch-points. With a network of Nxthubs offering a host of digital services – ranging from video and broadband, to OTT and WiFi; and layered by our growth in our broadband base and our infrastructure sharing platform – we believe we will not just see growth but also unlock value across our media businesses.”

    The company also informed that it continues to dispose off its non-core assets to reduce debt, and it has sold land held by it in Hyderabad for a total consideration of Rs 69.30 crore, originally acquired at an approximate cost of Rs 25 crore.

    The Rights Issue announced on 13 May by the company – of two equity shares for every five equity shares held in the company, at an issue price of Rs 300 per share is scheduled to open on 15 November and close on 29 November.

    For Q3 and Q4, Nxtdigital said it will continue on its aggressive growth strategy focusing on three key verticals, expanding its footprint through another 60 Nxthubs; continuing to grow its broadband base through a mix of combo products, organic and inorganic growth; and operationalising the infrastructure sharing model, which has now secured all necessary permissions to become India’s first digital content distribution PaaS platform.

  • The Quint records its highest ever revenue of Rs 9.5 cr for Q2

    The Quint records its highest ever revenue of Rs 9.5 cr for Q2

    Mumbai: Quint Digital Media published its results for the quarter and half-year ended 30 September.

    With the increased economic activity, the digital-first news operator said it has witnessed a faster and more wide-scale digital adoption across different sectors of the economy leading to a robust growth in revenue and profitability.

    The company witnessed a strong Q2 FY22 (21 September) performance with the revenues shooting up by over 50 per cent as compared with Q1 FY22 (21 June).  On a year-on-year basis, the revenues increased by over 80 per cent as compared with Q2 FY20 (20 September 2020).

    On a half-yearly basis, the revenues grew by over 90 per cent over the same period during FY 21 and the EBITDA witnessed a positive swing by more than 400 per cent

    The quarter also witnessed The Quint continue its earnings growth with an EBITDA level of Rs 4.50 cr – a complete upturn in performance as compared with Q2 FY21 (20 September) which saw an EBITDA level of Rs 1.03 cr.

    The company also disclosed that the digital properties had nearly 16.03 million subscribers/followers across various platforms at the end of Q2.

  • ALTBalaji direct subs up 69% YoY; half-yearly revenue at 34cr

    ALTBalaji direct subs up 69% YoY; half-yearly revenue at 34cr

    Mumbai: Balaji Telefilms announced its financial results for the quarter and half year ended 30 September 2021.

    Selling 2.9m subscriptions during H1Fy22 (vs 1.7m in H1FY21) ts streaming platform ALTBalaji reached a current active direct subscriber base of over 1.45m. This excludes subs on partner apps. Direct subscription revenues stood at Rs 34cr vs Rs 24cr. ALTBalaji contributed Rs 39cr to the half-year Group revenues at Rs 141cr

    The platform added nine shows in the half-year taking the overall library to 87. Some of the hits launched in H1Fy22 include Punchh Beat Season two, Broken but Beautiful season three, and Cartel. ALTBalaji continues its strategy of driving deeper audience engagement through differentiated content targeted at mass India.

    During the half-year, the TV business produced 363.5 hours of content across seven shows for four broadcasters. Five new shows have been lined up, and should commence shortly, it said.

    Movie business also resumed production. With five projects in the pipeline, the company said it is making good progress, even as it waits for the availability of theatrical launch windows. Deals across direct to digital are also being explored. As part of its strategy, it continues to control investments in movies and pursue pre-sales and co-production deals where feasible.

    Balaji Telefilms Limited MD, Shobha Kapoor said, “ALTBalaji continues to drive subscription growth. We added 2.9m subscriptions during the half-year. We added nine shows in the half-year and now have a very strong lineup for the rest of the year. Our strategic content-sharing deals will ensure we maintain control on the cash spends while driving overall profitability.”

    Commenting further on the TV and movies business, she added, “Our TV business has shown good recovery in terms of production hours and we hope to improve this momentum as five new shows commence. In the movie business, production for some of the exciting projects are at various stages of completion and we are closely monitoring the availability for theatrical releases as well and direct to digital launches. Overall, the year has started well and we will build on this momentum through the year.”

  • SITI Networks’ Q1FY22 Operating EBITDA jumps 33.1% to Rs 537 Mn

    SITI Networks’ Q1FY22 Operating EBITDA jumps 33.1% to Rs 537 Mn

    New Delhi: SITI Networks, an Essel Group company and multi-system operator (MSO), has released its consolidated audited financial results for Q1FY22 ending June 30.

    In line with its profitable growth strategy, SITI has maintained persistent elevation in operating EBITDA reporting 33.1 per cent growth over Q4FY21. The company reported operating EBITDA of Rs 537 million in Q1FY22 as against Rs 403 million q-o-q basis.

    The company’s operating EBITDA margin expanded to 14.8 per cent in FY22 against 10.4 per cent in the previous quarter. This was achieved through building up operating efficiencies and strict control over costs.

    Total revenue (excluding activation) stood at Rs 3,619 million in Q1FY22. The company earned a subscription revenue of Rs 2,378 million in Q1FY22.

    SITI Broadband’s net base increased 22 per cent y-o-y to Rs 2.06 lakh at the end of Q1FY22. SITI Broadband’s Q1FY22 revenue also surged 25.2 per cent y-o-y to Rs 276 million.

    SITI Networks CEO Anil Malhotra said, “SITI had a good quarter on the back of our focus on operational efficiencies, and strict control over expenses. Our operating EBITDA surged 33.1 per cent q-o-q to Rs 537 million and operating EBITDA margins expanded to 14.8 per cent in Q1FY22. SITI Broadband’s base increased 22 per cent y-o-y to Rs 2.06 lakh while its revenue surged 25.2 per cent y-o-y to Rs 276 million in Q1FY22.”

    “This quarter provided us with the necessary momentum to further drive our efficiency focus throughout FY22. We intend to focus on it along with solid EBITDA and margins growth, in line with our core strategy of profitable and sustainable growth,” he added.
     

  • Dentsu Group records organic revenue growth of 15% for Q2

    Dentsu Group records organic revenue growth of 15% for Q2

    New Delhi: Dentsu Group has witnessed a significant rebound in performance for the quarter ended June, recording organic revenue growth of 15 per cent. The Group has announced its results for the first half as well as the second quarter of 2021.

    Dentsu Japan Network grew by 12 per cent while Dentsu International registered a growth of 17 per cent, showing strong sequential improvement over Q1 decline of 2.4 per cent.

    “As we pass the anniversary of the start of the pandemic, revenues continue to recover across all regions with strong growth in digital solutions. Client confidence is restoring with spending levels more resilient and predictable,” said the group in its earnings statement. “Operating margin improvement continues to exceed expectations, substantially ahead of the prior year, with Q2 improving by 370 basis points year on year, showing the gearing effect of higher revenue together with cost reductions being implemented.”

    The Group expects high single-digit organic growth for FY2021, with a line of sight to delivering the long held 2022 margin targets of 20 per cent for Dentsu Japan Network and 15 per cent for Dentsu International one year early. 

    “Dentsu Group delivered a strong second quarter performance, reflecting the growing consumer and client confidence we see across all regions. Underlying profit growth continues to be strong, exceeding our expectations, and demonstrates our commitment to our margin targets,” said Dentsu Group Inc, CEO and president, Toshihiro Yamamoto. 

    APAC (excluding Japan) recorded a growth of 3.6 per cent. The APAC region reported double digit growth in the second quarter driven by double digit growth from Australia, Indonesia, South Korea, Singapore and Thailand. EMEA reported 8.7 per cent organic growth in H1, FY21, and 22 per cent in Q2, FY21. 

    “Whilst the future path of the pandemic remains uncertain, our full year guidance confirms our confidence in the outlook for the second half of FY2021, as well as our ability to meet our medium-term targets by 2024,” added Yamamoto.

  • NDTV records best-ever Q1 with a profit of Rs 13.9 cr

    NDTV records best-ever Q1 with a profit of Rs 13.9 cr

    Mumbai: The NDTV Group has reported over two-fold increase in consolidated net profit to Rs 16.56 crore for the first quarter ended 30 June, marking its best first quarter result in over a decade.

    Its TV news channel-  NDTV Ltd raked in a profit of Rs 13.9 crores in Q1, along with NDTV Convergence, the digital arm of the Group, which has delivered an increase of 41 percent in revenue over the same time last year.

    According to the regulatory filing, the company had posted a consolidated net profit of Rs 7.55 crore in the corresponding period of last fiscal. Its consolidated revenue from operations during April-June 2021 stood at Rs 85.02 crore as against Rs 72.73 crore in the year-ago period. Total expenses stood at Rs 77.92 crore, compared with Rs 64.64 crore a year ago, the company said. The Group’s total liabilities have been reduced by Rs 23 crores in this quarter; bank borrowings are down by Rs 8.7 crores.

    “NDTV, with the support of each employee, has worked to mitigate any uncertainty caused by the impact of the pandemic on the economy and all businesses. It thanks its team for their superlative reporting and commitment to providing news as an essential service at this difficult time. Given the economic landscape, the Management will control expenses and focus all efforts on ensuring the Company’s financial position strengthens further,” it said in the filing.

    The company also said that its board has appointed Grant Thornton Bharat LLP (formerly Grant Thornton India LLP) as its internal auditors for one year, with effect from 11 August.

  • Zee Entertainment’s net profit rises 604% in June ’21 quarter

    Zee Entertainment’s net profit rises 604% in June ’21 quarter

    New Delhi: Zee Entertainment Enterprises’ consolidated net profit rose 604 per cent to Rs 213.8 crore in the quarter ended June 2021 as against Rs 30.37 crore during the previous quarter ended June 2020. The company announced its Q1 FY22 results on Friday.

    Sales rose 35.29 per cent to Rs 1774.98 crore in the quarter ended June 2021 as against Rs 1312.03 crore during the previous quarter ended June 2020. With lockdowns in most states, TV viewership again jumped during the quarter, though lower than Q1 of last year.

    Domestic ad revenues for both Q1FY22 and Q1FY21 were impacted by lockdowns. However, the impact this year was much lower, reflected in 127.9 per cent YoY growth. Compared to Q1FY20, domestic ad revenues were lower by 22.7 per cent.

    In terms of subscription revenue, the network said embargo on pricing change due to NTO 2.0 litigation continued to hurt domestic television pay revenue growth. The 2 per cent growth over Q1FY21 was driven primarily by digital business.

    The programming cost increased YoY as original content production largely continued across the states during the lockdown at alternate locations. Increase in marketing cost on a YoY basis was on account of the release of Radhe and continued investments in ZEE5. The marketing costs in Q1FY21 was lower on account of much lower original content production.

    Lower ad revenues on one hand and increase in costs due to lockdown Rs. 271mn on the other affected EBITDA for the quarter.

    Bengali, Telugu, Kannada and Hindi movies continued strong performance, however, Zee TV, Zee Marathi and Zee Tamil performance was soft during the quarter, indicating headroom for growth in key markets. The company also said it will revamp the programming line-up for Hindi, Marathi and Tamil programming in Q2.

    Streaming platform ZEE5 witnessed 80.2mn global monthly active users and 7.1mn global daily active users in Jun ’21. It recorded a total of 190 minutes’ average watch time per viewer per month in Q1. As many as 11 original movies and shows were released during the quarter.

  • Zee Media Corp revenue rises 28.8 % to Rs 170 crore in Q1

    Zee Media Corp revenue rises 28.8 % to Rs 170 crore in Q1

    Mumbai: Zee Media Corporation’s operational revenue was up 28.8 per cent to Rs 170.18 crore for the quarter ended in June 2021 as against Rs 132.14 crore in the corresponding period of the previous fiscal.

    The network has reported a consolidated net loss of Rs 9.06 crore for the quarter under review on account of exceptional items. The company has posted a net profit of Rs 12.26 crore during the April-June quarter of the previous fiscal, Zee Media Corporation Ltd (ZMCL) said in a regulatory filing.

    ZMCL’s total expenses were at Rs 157.70 crore, up 35.16 per cent Q1/FY 2021-22, as against Rs 116.68 crore. The company suffered a loss of Rs 17.11 crore for exceptional items and tax for April-June quarter.

    ZMCL comprises of 14 news channels, including one Global, three National and ten Regional/language channels – Zee News, Zee Business, WION, Zee Hindustan, Zee Punjab Haryana Himachal, Zee Madhya Pradesh Chhattisgarh, Zee 24 Taas, Zee 24 Ghanta, Zee Odisha, Zee Bihar Jharkhand, Zee Rajasthan, Zee Salaam, Zee 24 Kalak, and Zee Uttar Pradesh Uttarakhand.

    The company said its digital news portfolio continues to witness growth across the properties. The language news properties spanning 16 brands in 12 languages received 1.9 billion views in Q1 FY22 compared to 1.6 billion views in Q4FY21. Monthly Average Users (MAUs) grew from 107.7 million in Q4FY21 to 141.9 million in Q1FY22.

    Meanwhile, the company has appointed Swetha Gopalan as an Independent director of the company for a term of five consecutive years with effect from 1 August. Gopalan started her career in 2010, when she joined Johns Hopkins Medicine International, USA, and has worked with Parkway Health and The Noble Group, both in Singapore. She also worked as a Business Analyst with Tata Consultancy Services in the USA from 2015 to 2016.