ITV

Tag: Financials

  • Zee Learn reports lowered results for Q2-2015

    Zee Learn reports lowered results for Q2-2015

    BENGALURU: The Essel group’s education company Zee Learn Limited (Zee Learn) reported lowered results for Q2-2015. Total Income from operations (TIO) for Q2-2015 at Rs 22.76 crore was 39 per cent less than the Rs 37.30 crore in the immediate trailing quarter and 4.8 per cent lower than the Rs 23.91 crore in the corresponding year ago quarter. For HY-2015, Zee Learn’s TIO at Rs 60.06 crore was 4.6 per cent higher than the Rs 57.43 crore in HY-2014.

     

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

     

    PAT for Q2-2015 at Rs 1.14 crore (5 per cent of TIO) was 68 per cent lower than the Rs 3.56 crore (9.6 per cent of TIO) in Q1-2015 and 2.13 times the Rs 0.54 crore (2.2 per cent of TIO) in Q2-2014. For HY-2015 PAT at Rs 4.7 crore (7.8 per cent of TIO) was 24.4 per cent higher than the Rs 3.78 crore (6.6 per cent of TIO) in HY-2014.

     

    Zee Learn’s Total expenditure (TE) in Q2-2015 at Rs 19.18 crore (84.3 per cent of TIO) was 38.5 per cent lower than the Rs 31.17 crore (83.6 per cent of TIO) in Q1-2015 and 14 per cent lower than the Rs 22.31 crore (93.3 per cent of TIO) in Q2-2014. HY-2015 TE at Rs 50.35 crore (83.8 per cent of TIO) was 3.8 per cent lower than the Rs 52.36 crore (91.2 per cent of TIO) in HY-2014.

     

    The company’s marketing, advertisement and publicity expense (marketing expense) in Q2-2015 at Rs 1.58 crore (6.9 per cent of TIO) was 36.3 per cent less than the Rs 2.47 crore (6.6 per cent of TIO) in Q1-2015 and 16.7 per cent lower than the Rs 1.89 crore (7.9 per cent of TIO) in Q2-2014. Marketing expense in HY-2015 at Rs 4.05 crore (6.7 per cent of TIO) was 26.3 per cent lower than the Rs 5.49 crore (9.6 per cent of TIO) in HY-2014.

     

    Employee Benefit Expense (EBE) for Q2-2015 at Rs 5.84 crore (25.7 per cent of TIO) was 13.2 per cent lower than the Rs 6.73 crore (18 per cent of TIO) and 22.2 per cent lower than the Rs 7.51 crore in Q2-2014. EBE for HY-2015 at Rs 12.57 crore (20.9 per cent of TIO) was 20.6 per cent lower than the Rs 15.82 crore (27.5 per cent of TIO) in HY-2014.

     

    Operating cost in Q2-2015 at Rs 0.51 crore (2.2 per cent of TIO) was 24.5 per cent lower than the Rs 0.68 crore (1.8 per cent of TIO) and 37.3 per cent lower than the Rs 0.82 crore (3.4 per cent of TIO) In HY-2015, operating cost at Rs 1.19 crore (2 per cent of TIO) was 25.7 per cent lower than the Rs 1.60 crore (2.8 per cent of TIO) in HY-2014.

     

    Depreciation and amortisation expense (depreciation) in Q2-2015 at Rs 1.67 crore (7.4 per cent of TIO) was 15 per cent lower than the Rs 1.97 crore (5.3 per cent of TIO) in Q1-2015 and 4.6 per cent lower than the Rs 1.75 crore (7.3 per cent of TIO) in Q2-2014. HY-2015 depreciation at Rs 3.62 crore (6 per cent of TIO) was 10.2 per cent more than the Rs 3.29 crore (5.7 percent of TIO) in HY-2014.

     

    Other expense in Q2-2015 at Rs 5.49 crore (24.1 per cent of TIO) was 8.2 per cent lower than the Rs 5.98 crore (16 per cent of TIO) in Q1-2015 and 0.8 per cent more than the Rs 5.45 crore (22.8 per cent of TIO) in Q2-2014. Operating cost in HY-2015 at Rs 11.35 crore (18.9 per cent of TIO) was 1 per cent lower than the Rs 11.47 crore (20 per cent of TIO) in HY-2014.

  • Network18 Q2-2015 results a little better q-o-q and y-o-y

    Network18 Q2-2015 results a little better q-o-q and y-o-y

    BENGALURU: Bringing Network18 Media and Investments Limited (Network 18) to the black is still work in progress for its new board, but it should get there soon, considering the company’s Q2-2015 numbers and TAM data for its bouquet of news and GEC channels led by Colors, CNBC, CNN-IBN and ETV among others.

     

    Please refer to the attached financial performance statement and press release for the various figures and TAM data reported by Network18.
     
    Network18 reported 11.2 per cent y-o-y and 5.1 per cent q-o-q growth in consolidated Total Income from Operations (TIO) in Q2-2015. The company’s consolidated TIO in Q2-2015 was Rs 744.84 crore versus Rs 669.85 crore in Q2-2014 and Rs 708.39 crore in Q1-2015. Corresponding HY-2015 and HY-2014 TIO numbers were Rs 1226.48 crore and Rs 1023.98 crore respectively, indicating a decent 18.1 per cent growth in the current half year.
     
    Note:  100,00,000 = 100 Lakhs = 10 million = 1 crore
     
    Let us look at the other Q2-2015 and HY-2015 numbers reported by Network18
     
    Consolidated loss for Q2-2015 was lower at Rs 36.47 crore versus the one time adjusted massive loss of Rs 1021.88 crore in the last quarter and the Rs 36.28 crore in Q2-2014. Loss in HY-2015 has widened to a huge Rs 1058.35 crore because of the Q1-2015 adjustments, versus the Rs 20.93 crore loss in HY-2014.
     
    Correspondingly, consolidated profit before depreciation, interest and taxes (PBDIT) numbers for the current quarter has improved to Rs 33.6 crore which was 36.2 per cent higher than Rs 24.7 crore in the immediate trailing quarter and 14.9 per cent more than the Rs 29.3 crore in the year ago quarter. In H1-2015, consolidated PBDIT at Rs. 58.3 crore was 6 times (up 514 per cent) more than the Rs. 9.5 crore in H1-2014.
     
    The company’s consolidated total expenditure at Rs 746.90 crore (100.3 per cent of TIO) was 1.8 per cent more than the Rs 733.45 crore (103.5 per cent of TIO) in Q1-2015 and 11.5 per cent more than the Rs 670.1 crore (fractionally more than 100 per cent of TIO) in Q2-2014. HY-2015 total expenditure at Rs 1480.36 crore (101.9 per cent of TIO) was 15.5 per cent more than the Rs 1281.92 crore (104.5 per cent of TIO) in HY-2014.
     
    Consolidated Programming cost at Rs 172.39 crore (23.1 per cent of TIO) was 1.7 per cent more than the Rs 169.54 crore (26.7 per cent of TIO) in Q1-2015 and 10.5 per cent more than the Rs 143.84 crore (21.5 per cent of TIO)in Q2-2014. HY-2015 programming cost at Rs 341.93 crore (23.5 per cent of TIO) was 46.9 per cent more than the Rs 232.71 crore (19 per cent of TIO) in the corresponding half year -period of last year.
     
    Finance costs in Q2-2015 was 6 per cent lower at Rs 29.01 crore (3.9 per cent of TIO) versus the Rs 30.88 crore (4.4 per cent of TIO) in Q1-2015 and 4.3 per cent more than the Rs 27.83 crore (4.2 per cent of TIO) in Q2-2014. Finance costs in HY-2015 at Rs 59.89 crore (4.1 per cent of TIO) was 0.6 per cent more than the Rs 59.53 crore (4.9 per cent of TIO) in HY-2014.
     
    On a consolidated basis, two segments contribute to the company’s numbers – Media Operations (MO) and Film production and distribution (Film).
     

    Consolidated Segment figures
     
    MO revenue in Q2-2015 was 4.5 per cent more at Rs 727.94 crore versus the Rs 694.08 crore in Q1-2015 and 19.3 per cent more than the Rs 607.8 crore in Q2-2014. In HY-2015, MO reported revenue of Rs 1419.05 crore which was 23.8 per cent more than the Rs 1146.61 crore in HY-2014.
     
    MO reported operating profit of Rs 3.88 crore in Q2-2015 versus an operating loss of Rs 83.88 crore in Q1-2015 and an operating profit of Rs 9.46 crore in Q2-2014. For HY-2015, operating loss from MO widened to Rs 79.90 crore from Rs 30.39 crore in HY-2014.
     
    Film segment reported 38.7 per cent higher revenue at Rs 19.85 crore in Q2-2015 versus the Rs 14.32 crore in Q1-2015, but was 68 per cent lower than the Rs 62.05 crore in Q2-2014. For HY-2015, Film segment revenue fell by 57.7 per cent to Rs 34.17 crore from Rs 80.85 crore in HY-2014.
     
    Film segment reported operating loss of Rs 4.38 crore in Q2-2015, operating loss of Rs 0.95 crore in Q1-2015 against an operating profit of Rs 3.13 crore. For HY-2015, this segment’s operating loss for both HY-2015 and HY-2014 was Rs 5.33 crore .
     

    Network18 Standalone Q2-2015 and HY-2015 numbers
     
    On a standalone basis, Network18 reported lower TIO in Q2-2015 at Rs 16.80 crore versus the Rs 17.77 crore in Q1-2015 and the Rs 29.23 crore in Q2-2014. HY-2015 TIO at Rs 57.95 crore was better than the Rs 34.58 crore in HY-2014. Standalone loss for Q2-2015 at Rs 18.52 crore was lower than the Rs 637.96 crore in Q1-2015 (one-time adjustment) and the Rs 32.59 crore in Q2-2014.
     

    Standalone segment figures
     
    Three segments contributed to Network18 standalone numbers – Event Management (EM), Web operations (WO) and Publishing business (publishing).
     
    Event management had no revenue in Q2-2015 and Q1-2015, and Rs 8.95 crore revenue in Q2-2014. Operating losses from this segment in Q2-2015, Q1-2015 and Q2-2014 were Rs 0.11 crore, Rs 0.06 crore and Rs 0.76 crore respectively.
     
    WO reported revenue of Rs 12.98 crore in Q2-2015, Rs 12.68 crore in Q1-2015 and Rs 9.22 crore in Q2-2014. Operating losses from this segment were Rs 2.75 crore in Q2-2015, Rs 3.99 crore in Q1-2015 and Rs 9.99 crore in Q2-2014.
     
    Publishing segment reported revenue of Rs 3.82 crore in Q2-2015, Rs 5.09 crore in Q1-2015 and Rs 10.59 crore in Q2-2015. Operating losses from this segment were Rs 1.66 crore in Q2-2015, Rs 2.29 crore in Q1-2015 and Rs 3.91 crore in Q2-2014.
     
    Additional Notes
     
    1.       Pursuant to the enactment of the Companies Act, 2013 (the Act), the Group has, effective from 1st April, 2014, reassessed the useful life of its fixed assets and has computed depreciation with reference to the useful life of assets as recommended in Schedule II to the Act. . Consequently Depreciation for the quarter and half year ended 30th September is higher by Rs.1.16 crore and Rs.9.78 crore respectively and net loss is higher by Rs. 1.16 crore nd Rs.9.78 crore respectively. Further, based on the transitional provision provided in Schedule II, an amount of Rs. 7.13  crore has been adjusted with the opening reserves during the half year ended 30th September 2014.
     
    2.        During the quarter ended 30th June, 2014, based on a review of the (i) investments, and (ii) other current and non-current assets, the Group has accounted for (a) diminution in the value of certain investments to the extent of Rs. 142.83 crore and goodwill Rs. 234.78 crore; (b) obsolescence/impairment in the value of certain tangible and intangible assets to the extent of Rs. 127.43 crore and (b) write-off and provisions of non-recoverable and doubtful loans/advances /receivables to the extent of Rs. 519.41 crore and the same has been disclosed as Exceptional Items. Further, Exceptional Items for the said quarter ended 30th June 2014 also includes Rs. 20.94 crore towards severance pay and consultancy charges. However, these adjustments will have no impact on the future operating profit and cash flows of the businesses of the Group.
     
     
    3.       Equator Trading Enterprises Private Limited (“Equator”) including its subsidiaries Panorama Television Private Limited and Prism TV Private Limited had become wholly owned subsidiary of the Company with effect from 22nd January, 2014. Hence, the consolidated results of the current period also include the results of these subsidiary companies. Eenadu Television Private Limited had also become an associate with effect from 22nd January 2014 and its results have been accounted as “Associate” under accounting standard 23 on Accounting for Investments in Associates in Consolidated Financial Statements. To this extent, the results of this period are not comparable with the corresponding previous period.

     

     

    Click here for the financial statement

  • Lower activation fees, new businesses make Den Networks post a subdued result, low PAT for Q1-2015

    Lower activation fees, new businesses make Den Networks post a subdued result, low PAT for Q1-2015

    BENGALURU: Den Networks Ltd (Den Networks) reported almost flat q-o-q result in Q1-2015. The company reported a slight drop in consolidated Total Income from Operations (TIO) in the current quarter at Rs 298.81 crore, down 1 per cent as compared to the Rs 301.86 crore in Q4-2014 and 11.2 per cent higher as compared to the Rs 268.70 crore in Q1-2014. Activation revenue dropped by Rs.47.5 crore in Q1-2015 as compared to the corresponding year ago quarter.

     

    The company says that Operational Revenue (excluding Activation Revenue) grew by 35.4 per cent y-o-y; subscription revenues grew by Rs 71.25 crores (82.7 per cent) y-o-y. The breakup of revenue from operations for Q1-2015 is: Subscription Rs 146 crore; placement revenue Rs 116 crore; digital activation revenue Rs 20 crore and other operating revenue of Rs 3 crore. Another breakup of revenue is revenue from cable Rs 284.6 crore, broadband revenue Rs 1 crore and soccer revenue-nil.

     

    Den Networks EBIDTA before other income in Q1-2015 fell 16.6 per cent to Rs 57.16 crore from Rs 68.57 crore in Q4-2014 and was 29.4 per cent lower than the Rs 80.94 crore in Q1-2014. The decline of Rs 23.78 crore (29.4 per cent) y-o-y comprises largely of losses on account of launch of broadband and soccer (Rs 12 crore) and lower activation revenue in cable business by Rs 42.75 crores.

     

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

     

    The company’s PAT in Q1-2015 at Rs 1.12 crore (0.4 per cent of TIO) which was about one ninth of the Rs 10.05 crore (3.3 per cent of TIO) in the immediate trailing quarter and also about one ninth of the Rs 10.15 crore (3.8 per cent of TIO) in Q1-2014.

     

    Let us look at the other numbers reported by Den Networks for Q1-2015

     

    Den Networks total expenditure in Q1-2015 at Rs 284.93 crore (95.4 per cent of TIO) was 5.9 per cent more than the Rs 269.18 crore (89.2 per cent of TIO) in Q4-2014 and was 24 per cent more than the Rs 229.69 crore (31.6 per cent of TIO) in the corresponding year ago quarter.

     

    One of the major components of total expenditure is content cost in the case of Den Networks. The company paid Rs 106.42 crore (35.6 per cent of TIO) towards this expense head in Q1-2015, which was 5.5 per cent more than the Rs 100.85 crore (33.4 per cent of TIO) in Q4-2014 and was 25.2 per cent more than the Rs 85.01 crore (31.6 per cent of TIO) in Q1-2014.

     

    Another major expense head is operational, administrative and other costs (admin cost). Den Networks admin cost in Q1-2015 at Rs 106.77 crore (35.7 per cent of TIO) which was 4.8 per cent more than the Rs 101.88 crore (33.8 per cent of TIO) and was 26.5 per cent more than the Rs 84.41 crore (31.4 per cent of TIO) in Q1-2014.

     

    Based on the new accounting norms for calculating depreciation, the net effect is a higher depreciation of Rs 1.48 crore, which has resulted in a lower PAT in the current quarter.

     

    The company says that it has deployed 2.7 lakh set-top boxes in the current quarter.

     

    Den, through its wholly owned subsidiary – Den Soccer Pvt Ltd, has been awarded the team rights for Delhi – its home town. The team is named ‘Delhi Dynamos FC’. ISL is founded by IMG Reliance and Rupert Murdoch’s Star Group, under the aegis of All India Football Federation (AIFF). The inaugural season of the League is scheduled to begin in October, 2014.

     

    Click here for the investor update

    Click here for the financial statement

  • Dish TV adds 8.1 lakh subscribers in FY-2014; ARPU up from Rs 158 to Rs 170

    Dish TV adds 8.1 lakh subscribers in FY-2014; ARPU up from Rs 158 to Rs 170

    BENGALURU:  Dish TV Limited (Dish TV) in its earnings release for FY-2014 says that it has added about 8.1 lakh net subscribers in FY-2014 and 2.26 lakh subscribers in Q4-2014 to take its total subscriber base to 1.14 crore net subscribers during the period.

     

    The company also claims that it has increased ARPU (Average Revenue Per User) from Rs 158 during the previous year to Rs 170 in FY-2014. It says that it has managed to contain the subscriber churn to 0.6 per cent per month.

     

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

    (2) Standalone figures in this report 

     

    FY-2014 standalone revenues stood at Rs 2508.98 crore recording 15.79 per cent growth over the Rs 2166.80 crore in FY-2014. Dish TV reported standalone operating revenue of Rs 636.91 crore, recording 14.68 per cent growth over the Rs 555.40 crore in corresponding period last fiscal and 2.10 per cent more than the Rs 623.81 crore in immediate trailing quarter.

     

    Dish TV’s net loss for FY-2014, impacted by a prior period adjustment of Rs 116.4 crore, was Rs (-154.2) crore as compared to a loss of Rs (-66.75) crore in FY-2013. Net loss for Q4-2014, impacted by the above mentioned prior period adjustment of Rs 116.4 crore, increased to Rs (-149.05) crore compared to Rs (- 43.62) crore in Q4-2013 and a loss of Rs (-28.36) crore in Q3-2014, says the company.

     

    Let us look at the other numbers reported by Dish TV for FY-2014 and Q4-2014

     

    Dish TV’s Total Expense (Tot Exp) in FY-2014 at Rs 2482.30 crore (98.94 per cent of Total standalone revenue) was 12.07 per cent more than the Rs 2214.96 crore (102.22 per cent of Total standalone revenue) in FY-2013. Q4-2014 Tot Exp at Rs 657.05 crore (103.16 per cent of Total standalone revenue) was 4 per cent more than the Rs 631.78 crore (101.28 per cent of Total standalone operating income) in Q3-2014 and 13.21 per cent more than the Rs 580.36 crore (104.49 per cent of Total standalone operating income) in Q4-2013.

     

    The company’s finance cost increased 3.37 per cent in FY-2014 to Rs 132.68 crore (5.29 per cent of Total standalone operating income) from Rs 128.36 crore (5.92 per cent of Total standalone operating income) in FY-2013. Dish TV’s Q4-2014 finance cost at Rs 32.63 crore (5.12 per cent of Total standalone operating income) was 8.41 per cent more than the Rs 30.10 crore (4.83 per cent of Total standalone operating income) in Q3-2014 and (-5.01) per cent lower than the Rs 35.85 crore (6.18 per cent of Total standalone operating income) in Q4-2013.

     

    Dish TV’s Programming/content and other cost (Content cost) in FY-2014 at Rs 261.38 crore (10.42 per cent of Total standalone operating income) was 15.81 per cent higher than the Rs 225.70 crore (10.42 per cent of Total standalone operating income). Q4-2014 content cost was 2.29 per cent more at Rs 66.98 crore (10.52 per cent of Total standalone operating income) as compared to the Rs 65.48 crore (10.5 per cent of Total standalone operating income) in the immediate trailing quarter and 15.3 per cent more than the Rs 58.09 crore (10.46 per cent of Total standalone operating income) in the year ago quarter Q4-2013.

     

    The company paid Rs 288.48 crore (11.5 per cent of Total standalone operating income) as licence fees in FY-2014 which was 25.49 per cent more than the Rs 229.89 crore (10.61 per cent of Total standalone operating income) in FY-2013. Dish TV paid Rs 82.38 crore (12.93 per cent of Total standalone operating income) towards licence fees in Q4-2014 which was 10.96 per cent more than the Rs 74.24 crore (11.90 per cent of Total standalone operating income) in Q3-2014 and 34.34 per cent higher than the Rs 61.32 crore (11.04 per cent of Total standalone operating income) in Q4-2013.

     

    Dish TV’s selling and distribution expense is made up of two parts – ‘commission’ and ‘other selling and distribution expense’ (distribution exp).

     

    Commission expense in FY-2014 at Rs 183.67 crore (7.32 per cent of Total standalone operating income) was 17.84 per cent more than the Rs 155.87 crore (7.19 per cent of Total standalone operating income) in FY-2013. Q4-2014 commission expense at Rs 50.65 crores (7.95 per cent of Total standalone operating income) was 0.56 per cent more than the Rs 50.37 crore (8.07 per cent of Total standalone operating income) in Q3-2014 and 31.94 per cent more than the Rs 38.39 crore (6.91 per cent of Total standalone operating income) in Q4-2013.

     

    Distribution Exp in FY-2014 at Rs148.42 crore (5.92 per cent of Total standalone operating income) was 0.44 per cent more than the Rs 147.77 crore (6.82 per cent of Total standalone operating income) in FY-2013. In Q4-2014, Dish TV paid (-5.85) per cent lower towards distribution exp at Rs 32.66 crore (5.13 per cent of Total standalone operating income) as compared to the Rs 34.69 crore (5.56 per cent of Total standalone operating income) in Q3-2014 and (-8.9) per cent lower than the Rs 35.85 crore (6.45 per cent of Total standalone operating income) in Q4-2013.

     

    Dish TV’s take

     

    Dish TV chairman Subhash Chandra said, “The Media industry had its share of opportunities and challenges all through the year. Digitisation kept the industry on its toes. In an uncertain macro environment, Dish TV pursued its strategy of self-funded growth; deleveraging the business while being selective about its subscriber additions notwithstanding the noise around digitisation. The result, a healthier Balance Sheet coupled with the largest subscriber base in the industry and a free cash positive business which is much better equipped to capitalize on the opportunities ahead.”

     

    Dish TV managing director Jawahar Goel added, “Unlike fiscal 2013, fiscal 2014 was a disruptive period where we had to choose between immediate benefits and long term sustainability in the hyper competitive DTH industry. Choosing the later, we continued to deleverage while maintaining our subscriber acquisition price point. With a much manageable and scalable debt profile now, we have started 2014 with a significant positive overhaul to our macro parameters.”

     

    “With a new government at the Centre, the DTH industry is optimistic about rationalisation in the tax regime. As notification of the Goods and Services Tax (GST) is taking time, we look forward to allowance of abatement in Service Tax along with moderation in Entertainment Tax in line with the prevailing structure in Gujarat and other forward looking states. We are also hopeful of an early resolution of the DTH license renewal and payment of license fees matter in the industry’s favour. We also expect a firm push to digitisation and are confident that encryption, packaging, billing and other critical requirements will be implemented at the last mile,” he added.

     

    “Dish TV’s fourth quarter subscriber adds are a result of some serious strategic initiatives taken earlier. The ‘Zing’ sub-brand launched as part of a differentiated strategy to cater to the Phase III & IV markets got a tremendous response and even bolstered the flagship brand’s sales. We exited the fourth quarter bagging the highest incremental market share while keeping a check on our churn, which remained at 0.6 per cent per month. Making further headway on our Sri Lanka Project, we launched test signals as per plan,” said Goel.

  • Q4-2014: Raj TV board recommends 5 per cent final dividend for FY-2014

    Q4-2014: Raj TV board recommends 5 per cent final dividend for FY-2014

    Updated: 03:58 PM

     

    BENGALURU: The shareholders of Raj Television Network (Raj TV) have further reason to cheer. The board has recommended a final dividend of 5 per cent or Rs 0.25 per equity share of face value of Rs 5 each, in addition to the earlier interim dividend of 5 per cent or Rs 0.50 per equity share on the earlier face value of Rs 10 before the split and issue of bonus shares during FY-2014. The company had issued bonus shares in the ratio of 1:1 after the earlier interim dividend in FY-2014.

     

    Raj TV reported a 17.68 per cent higher Income from Operations (Op Inc) in FY-2014 at Rs 79.47 crore as compared to the Rs 67.53 crore in FY-2013. However, Op Inc in Q4-2014 was (-28.13) per cent lower at Rs 17.91 crore than the Rs 24.92 crore in the immediate trailing quarter Q3-2014, and was 2.52 per cent more than the Rs17.47 crore of the year ago quarter Q4-2013.

     

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

     

    Note: (2) The results in this report are standalone.

     

     Let us look at the other results reported by Raj TV for FY-2014 and Q4-2014

     

    PAT in FY-2014 at Rs12.91 crore (16.25 per cent of Op Inc) was 39.05 per cent higher than the PAT of Rs 9.29 crore (13.75 per cent of Op Inc) in FY-2013. In Q4-2014, PAT at Rs1.01 crore (5.62 per cent of Op Inc) was a little more than a fifth or (-79.82) per cent lower than the Rs 4.98 crore (20.01 per cent of Op Inc) in Q3-2014, but almost double (88.91 per cent more than) the Rs 0.53 crore (3.05 per cent of Op Inc) of Q4-2013.

     

    Raj TV’s Total Expense (Tot Exp) in FY-2014 at Rs 59.97 crore was 9.55 per cent more than the Rs 54.74 crore in FY-2014. Tot Exp in Q4-2014 at Rs15.45 crore was (-16.85) per cent lower than the Rs18.58 crore in Q3-2014 and 1.54 per cent more than the Rs15.22 crore in Q4-2013.

     

    Employee Benefits Expense (EBE) and Administrative and other Expenses (Admin exp) are two major expense heads at Raj TV. While EBE in Q4-2014 was substantially higher y-o-y despite almost similar Op Inc, Admin Exp in Q4-2014 was very high q-o-q, despite Raj TV’s Op Inc being much higher in Q3-2014 as compared to Q4-2014.

     

    Employee Benefits Expense in FY-2014 at Rs 17.60 crore (22.15 per cent of Op Inc) was 50.78 per cent more than the Rs11.68 crore (17.29 per cent of Op Inc) in FY-2013. EBE in Q4-2014 at Rs 4.74 crore (26.47 per cent of Op Inc) was (-31.1) per cent lower than the Rs 6.88 crore (27.61 per cent of Op Inc) and 41.02 per cent more than the Rs 3.36 crore (19.24 per cent of Op Inc) in Q4-2013.

     

    Administrative and other expense in FY-2014 at Rs 14.69 crore (18.48 per cent of Op Inc) was 32.46 per cent more than the Rs11.09 crore (16.42 per cent of Op Inc). During Q4-2014, Admin exp at Rs 4.41 crore (24.6 per cent of Op Inc) was 40.67 per cent more than the Rs 3.13 crore (12.57 per cent of Op Inc) in Q3-2014 and 2.2 per cent more than the Rs 4.31 crore (24.68 per cent of Op Inc) in Q4-2013.

     

    Raj TV has reported a 76.1 per cent increase in Long Term Borrowings (non-current liabilities) in FY-2014 at Rs 12.49 crore as compared to the Rs 7.05 crore in FY-2013. Also, in its current liabilities the company has reported a 3.52 times increase in short term borrowings in FY-2014 at Rs 24.97 crore as compared to the Rs 7.09 crore in FY-2013. The company’s trade receivables in FY-2014 at Rs 58.27 crore has gone up by 36.15 per cent as compared to the Rs 42.8 crore in FY-2013.

     

    Raj TV’s Fixed Assets in FY-2014 has gone up by 77.60 per cent to Rs113.99 crore as compared to the Rs 64.18 crore in FY-2013. Its inventories in FY-2014 have gone up by almost 6 times (5.76 times) to Rs 11.65 crore from Rs 2.02 crore in FY-2013. Its trades payables has gone down in FY-2014 to Rs 2.63 crore from Rs 3.48 crore in FY-2013.

     

    The company reported earnings per share (EPS) of Rs 9.43 per equity share in FY-2014 and Rs 0.19 in Q4-2014. 

  • Den Networks reports higher revenue, lower PAT in Q3-2014

    Den Networks reports higher revenue, lower PAT in Q3-2014

    BENGALURU: Indian cable TV distribution company Den Networks Limited (Den Networks) reported 22.9 per cent consolidated revenue growth to Rs 297.24 crore in Q3-2014 as compared to the Rs 241.83 crore in Q3-2013 and a 7.5 per cent growth from Rs 276.58 crore in the immediate trailing quarter. YTD, Den Networks reported consolidated revenue of Rs 849.25 crore during nine months – 2014 which was 29 per cent more as compared to the Rs 658.54 crore during nine months (9M) – 2013. During FY 2013, Den Network’s Operating revenue was Rs 934.65 crore. 

     

    PAT (after minority interest) for the current quarter was down (59.1) per cent to Rs 7.02 crore in Q3-2014 as compared to the Rs 17.17 crore in Q3-2013 and was (37.2) per cent lower than the Rs 11.18 crore in the immediate trailing quarter. During 9M-2014, the company’s PAT at Rs 28.35 crore was down (37) per cent as compared to the Rs 44.94 crore in the corresponding nine month period of last year. 

     

    Let us look at the other Q3-2014 figures reported by Den Networks 

     

    Cable revenue for Q3 -2014 was Rs 281.00 crore as compared to Rs 229.66 crore in Q3 FY’13, up 22 per cent y-o-y and 7 per cent more than the Rs 263.32 crore in Q2-2014. Over 9M-2014, cable revenue was up 31 per cent to Rs 807.16 crore as compared to the Rs 617.18 crore in 9M-2013. 

     

    Cable EBIDTA in Q3-2014 was up 44 per cent to Rs 91.95 crore  from Rs 63.63 crore in Q3-2013 and was up 3 per cent from Rs 89.43 crore in Q2-2014.During 9M-2014 EBIDTA was 80 per cent higher at Rs 267.21 crore than the Rs 148.64 crore in 9M-2013. 

     

    Den Networks Total expense for Q3-2014 at Rs 238.63 crore was up 17.19 per cent as compared to the Rs 203.63 crore in Q3-2013 and 6.3 per cent more than the Rs 224.43 crore in Q2-2014. YTD, the company’s Total expense during 9M-2014 at Rs 692.75 crore was 23.7 per cent more than the Rs 560.20 crore in 9M-2013. The company reported Total expense of Rs 777 crore in FY 2013. 

     

    The networks content cost in Q3-2014 at Rs 95.33 crore was 15 per cent higher than the Rs 82.93 crore in Q3-2013 and was 5.3 per cent more than the Rs 90.54 crore in the immediate trailing quarter. During 9M-2014, Den Networks paid Rs 270.88 crore towards content cost, which was  19.3 per cent more than the Rs 227.03 crore in 9M-2013. During FY 2013, the company paid Rs 298.8 crore towards this cost head.

     

    Den Networks finance cost more than doubled (up 2.08 times) in Q3-2014 to Rs 24.40 crore from Rs 11.69 crore in Q3-2013 and was up 0.5 per cent from Q2-2014’s Rs 24.28 crore. YTD, in 9M-2014, the company paid Rs 696.94 crore which was 2.28 times the Rs 30.72 crore in 9M-2013. During FY 2013, finance cost was Rs 40.78 crore. 

     

    The company says that out of a total subscriber base of 1.3 crore homes, approximately 0.57 crore homes have been converted to digital. It claims to be present in 27 out of a total of 41 Phase 1 and 2 cities and approximately 0.5 crore set top boxes have been deployed in these markets.

     

    Den Networks further says that it has an estimated analog base of 0.8 crore homes in its Phase 3 and 4 markets. The company says that is well capitalised to meet the deployment requirements of its existing subscriber base in these cities. More than 0.07 crore set top boxes have already been installed and the pace of deployment is expected to pick up rapidly as the deadline approaches. The company says that it has also launched digital services in several major cities and towns of Uttar Pradesh, Maharashtra, Bihar, Rajasthan and West Bengal over the last few months.

     

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  • SITI Cable reports higher revenue, EBIDTA for Q3-2014

    SITI Cable reports higher revenue, EBIDTA for Q3-2014

    BENGALURU: Essel Group company SITI Cable Network Limited (Siti Cable), the erstwhile Wire and Wireless (India) Ltd (WWIL) reported 42.1 per cent growth in Total Income to Rs 177.26 crore in Q3-2014 from Rs 124.71 crore in the third quarter of last year and was 8.8 per cent higher than Rs 162.94 crore in the previous quarter.

     

    The company reported 72.8 per cent higher earnings before interest, taxes, depreciation, and amortisation (EBIDTA) at Rs 35 crore in Q3-2014 as compared to the Rs 20.25 crore in Q3 of last year and 6.1 per cent more than the Rs 32.98 crore in the immediate trailing quarter.

     

    Siti Cable Chairman Subhash Chandra said, “The ongoing digitisation is providing new impetus for growth and value in India though we are still early in the value creation process. Digital Cable Television is a major engine of growth for SITI Cable across all geographies. Our sustained investment in this segment will further enhance customer television viewing experience”.

     

    “Our results for the quarter reflect the overall stability of our operations, and demonstrate the potential for growth. SITI Cable is EBITDA positive in this quarter as well,” added Chandra.

     

    Let us look at the other figures reported by SITI Cable for Q3-2014:

     

    Operating revenue in SITI Cable’s case is primarily generated from subscriber related income, especially from digitisation, income from bandwidth charges, ad income, STB activation charges and other operating revenues. Total Income figures have been mentioned above.

     

    Operating cost for Q4-2014 at Rs 142.26 crore was 36.2 per cent more than the Rs 104.46 crore for Q3-2013 and 9.5 per cent higher than the Rs 129.96 crore for Q2-2014.

     

    The company’s Selling and Distribution expense in Q3-2014 almost quadrupled (was up 3.92 times) to Rs 12.91 crore from Rs 3.29 crore in Q3-2013 and was four per cent more than the Rs 12.42 crore in the immediate preceding quarter.

     

    Its staff cost at Rs 9.91 crore for the current quarter was 23.7 per cent more than the Rs 8.01 crore in Q3-2013 and 5.5 per cent more than the Rs 9.39 crore in Q2-2014. Administrative expense for Q4-2014 at Rs 16.88 crore was down by 3.8 per cent to Rs 16.88 crore in Q3-2014 from Rs 17.55 crore in Q3-2013 and (33.65) per cent lower than the Rs 25.44 crore in Q2-2014.

     

    Depreciation in Q3-2014 was up by 61.8 per cent to Rs 22.99 crore from Rs 14.21 crore in the corresponding quarter of last year, but was (14.6) per cent lower than the Rs 26.91 crore in Q2-2014. The company paid 24.3 per cent more towards finance charges in Q3-2014 at Rs 31.22 crore than the Rs 25.11 crore in Q3-2013 and was 2.3 per cent more than the Rs 30.52 crore in Q2-2013.

     

    The company reported a loss of Rs (22.51) crore in Q3-2014, which was 20.1 per cent more than the loss of Rs 18.75 crore in Q3-2013 and three per cent more than the Rs 21.85 crore in Q2-2014.

     

    SITI Cable CEO VD Wadhwa said, “We have gained further momentum in the third quarter of fiscal 2014. Our total revenue and EBITDA grew to Rs 1773 million and Rs 350 million respectively, a healthy growth of 42 per cent and 73 per cent respectively over corresponding quarter of last fiscal. We have maintained our margins through operational efficiency improvements despite stiff challenges faced at market place on account of DAS billing. We have made the healthy progress in collection of DAS subscription revenue which is way ahead of competition.”

     

    He further added, “We are now in exciting phase of our journey as we strengthen our existing operations and expand our digital subscriber base in phase-3&4 towns. We have started digital cable services in strategic markets of Vijayawada, Hissar and Rohtak in this quarter. We have also reinvented the company website making it more interactive and user- friendly”.

     

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  • Dabur India Q3 PAT up 15% at Rs 242.88 cr; ad spend up 23.22% at Rs 289.62 cr

    Dabur India Q3 PAT up 15% at Rs 242.88 cr; ad spend up 23.22% at Rs 289.62 cr

    BENGALURU: One of India’s largest Fast Moving Consumer Goods (FMCG) companies, Dabur India Limited (Dabur) reported a 28.80 per cent jump in year-to-date (YTD) profit to Rs 678.63 crore as compared to the Rs 527.87 crore in the corresponding nine month period of last year. Advertising and Publicity expense during the current nine month period at Rs 779.21 crore was 19.6 per cent more than the Rs 645.06 crore in the corresponding period of FY-2013.

     

    PAT for Q3-2014 at Rs 242.88 crore was 15 per cent more than the Rs 211.11 crore in the corresponding quarter of last year, but was (2.75) per cent lower than the Rs 249.74 crore of the immediate trailing quarter. During FY 2013, Dabur reported PAT of Rs 763.42 crore.

     

    Dabur reported operating revenue of Rs 904.28 crore in Q3-2014, 16.8 per cent more than the Rs 1670.32 crore of Q3-2013 and 8.9 per cent more than the Rs 1748.81 crore of Q2-2014. During the nine month period that ended 31 December, 2013 Dabur reported operating revenue of Rs 5304.19 crore which was 14.9 per cent more than the Rs 4615.29 crore of the corresponding period of last year.  Operating revenue for FY 2013 was Rs 6146.38 crore.

     

    Dabur reported Total expense for Q3-2014 at Rs 1637.26 crore which was 17.2 per cent more than the Rs 1397.28 crore in Q3-2013 and 13 per cent more than the Rs 1448.56 crore of Q2-2014. YTD, Dabur’s Total expense at Rs 4530.18 crore was 14.25 per cent more than the Rs 3965.12 crore of the corresponding nine month period of 2013. For FY 2013, Dabur’s Total expense was Rs 5266.06 crore.

     

    Let us look at Dabur’s Advertisement and Publicity spends as percentage of Operating revenue and Total expense reported in Q3-2014:

     

    In Q3-2014, Dabur spent Rs 289.62 crore towards Advertisement and Publicity (Ad & Pub) which was 15.21 per cent of Operating Revenue and 17.69 per cent of Total expense for the period. This Q3-2013 figure was 23.22 per cent more than the Rs 235.05 crore in Q3-2014. Its Q3-2013 Ad & Pub spend was 14.41 per cent of Operating revenue and 16.82 per cent of Total expense for the period.

     

    Dabur’s q-o-q Ad & Pub spend figure of Rs 289.62 crore for Q3-2014 was 27.33 per cent more than Rs 227.45 crore of Q2-2014. The Q2-2014 figure was 13 per cent of Operating revenue and 15.7 per cent of Total expense.

     

    The nine month period figure mentioned above as percentages of operating revenue and total expense are as follows:  YTD, Ad and Pub spend was 14.54 per cent of operating revenue and 17.03 per cent of total expense for the period as compared to the 13.98 per cent of operating revenue and 16.27 per cent of total expense of the nine month period that ended 31 December, 2013.

     

    For FY 2013, Dabur’s Ad and Pub spend at Rs 836.98 crore was 13.62 per cent of operating revenue and 15.89 per cent of total expense for the year.

     

    Category Growths as reported by the Company for Q3-2014

     

    The Health Supplements business for Dabur was a key driver of growth during the quarter, reporting a strong 19.5 per cent surge. The air freshener business for Dabur, under the brand Odonil, continued to surge ahead with an over 27 per cent growth during the quarter. Dabur’s food business also reported a robust near 18 per cent growth. Its shampoo business ended the third quarter of 2013-14 fiscal with a strong 24.7 per cent growth. The toothpaste business grew by over 14 per cent while the skin care category reported an over 13 per cent growth during the quarter.

     

    “We have delivered another quarter of strong volume-led growth. Dabur has been reporting strong and consistent performance despite intensifying competitive pressures and the challenging market environment being witnessed for some quarters now. Our focus on brand-building and market expansion programs coupled with a greater degree of innovation has helped Dabur sustain strong growth in the core categories, which have been significantly ahead of the market. Going forward, our focus will be on pursuing an aggressive and profitable growth strategy,” Dabur CEO Sunil Duggal said.

     

    The quarter saw Dabur introduce a host of new products and variants, including the new Fem Fairness Naturals facial bleach range and Vatika Hibiscus hair care range.

  • RBNL’s Q3-2014 radio business operating profits almost double y-o-y

    RBNL’s Q3-2014 radio business operating profits almost double y-o-y

    BENGALURU:  Reliance Broadcast Network Limited (RBNL) radio segment reported operating profit of Rs 6.58 crore for Q3-2014, which was almost double (1.96 times) the Rs 3.36 crore in Q3-2013 and 32.45 per cent more than the Rs 4.97 crore in the immediate trailing quarter. On YTD basis, operating profit of the radio segment improved more than 167 times to Rs 202.27 crore as compared to the small operating profit of Rs 0.1223 crore in the corresponding nine month period of last year. During FY 2013, RBNL’s radio business reported an operating profit of Rs 8.18 crore. 

     

    The company’s EBIDTA for Q3-2014 at Rs 16.31 crore was up 7.44 per cent as compared to the Rs 15.18 crore in Q3-2013 and was up 8.62 per cent from the Rs 15.02 crore in Q2-2014. Over the nine month period ended December 31, 2013, RBNL’s EBIDTA at Rs 50.36 crore was almost double (1.96 times more) the Rs 25.8 crore in the corresponding period of last year. EBIDTA for FY 2013 was Rs 43.58 crore. 

     

    Overall, RBNL reported a loss of Rs (31.08) crore for Q3-2014 as compared to a profit of Rs 0.37 crore in Q3-2013 and a loss of Rs (16.48) crore in Q2-2014. Over the nine month period ended 31 December 2013, RBNL reported a loss of Rs (30.6) crore, which was 16.18 per cent more than the loss of Rs (26.34) crore in the corresponding period of last fiscal. During FY 2013, the company had reported a loss of Rs (-23.51) crore. 

     

    Note: The company has investments in equity and loans aggregating to Rs 109.4246 crore into its wholly owned subsidiary Reliance Television Private Limited (RTPL) as on 31 December 2013. RTPL has further investments in a step down entity viz. Azalia Distribution and Television Private Limited (Azalia), which was earlier a joint venture entity. During the quarter ended 31 December 2013, the joint venture agreement was mutually terminated and RTPL acquired the remaining 50 per cent stake of the co-venturer on 20 December 2013. Consequent upon this acquisition, Azalia became a wholly owned subsidiary of RTPL on and from the said date. Azalia has scaled down its operations significantly during the quarter, however the management is confident that on a need basis it can scale up the operations. In view of the foregoing, the company on a prudent basis has made a provision for an amount aggregating Rs 30 crore in its accounts during the current quarter for loans and advances granted to RTPL. This has no impact on the consolidated financial results. 

     

    Let us look at the other figures reported by RBNL 

     

    RBNL’s Total revenue in Q3-2014 at Rs 69.59 crore was up 3.62 per cent as compared to the Rs 67.16 crore in Q3-2013 and was up 18.19 per cent as compared to the Rs 58.88 crore in the immediate trailing quarter. YTD, the company’s Total revenue at Rs 186.04 crore was up 13.87 per cent from the Rs 163.37 crore in the corresponding nine month period of last year. For FY 2013, RBNL reported Total revenue of Rs 225 crore. 

     

    Radio; Outdoor; Production; ‘Others’ and ‘Unallocated’ segments contribute to RBNL’s revenue, with Radio contributing the lion’s share between 70-84 per cent of Total revenue. It is the unallocated segment that has contributed a major portion of the loss – Rs (30.54) crore in the current quarter. 

     

    Revenue from Radio grew 10.2 per cent to Rs 53.01 crore (76.17 per cent of Total revenue for the period) in Q3-2014 from 48.10 crore (71.63 per cent of Total revenue for the period) in Q3-2013 and grew 6.43 per cent from Rs 49.81 crore (84.59 per cent of Total revenue for the period) in Q2-2014. YTD, revenue from this segment grew 25.22 per cent to Rs 150.1 crore (80.68 per cent of Total revenue for the period) from Rs 119.87 crore (73.37 per cent of Total revenue for the period) in the corresponding nine month period of last year. For FY 2013, Radio segment reported revenue of Rs 165.96 crore (73.76 per cent of Total revenue). 

     

    Production is the other major contributor to RBNL’s revenue, with its contribution ranging from 8 to 20 per cent. 

     

    Revenue from production in Q3-2014 was up 5.38 per cent to Rs 13.33 crore from Rs 12.65 crore in Q3-2013 and up 160 per cent as compared to the Rs 5.13 crore in Q2-2014. YTD, this segment saw an increase of 6.02 per cent to Rs 24.31 crore in Q3-2014 as compared to the Rs 22.93 crore in the corresponding nine month period of last year.  Production reported revenue of Rs 27.50 crore for FY 2013. 

     

    RBNL’s Total expense at Rs 62.98 crore in Q3-2014 was up 1.35 per cent as compared to the Rs 62.14 crore in Q3-2013 and up 16.36 per cent as compared to the Rs 54.12 crore in Q2-2014. Over the nine month period ended December 31, 2013, the company’s Total expense at Rs 166.80 crore was down (0.77) per cent from Rs 168.09 crore in the corresponding period of last fiscal. During FY 2013, RBNL’s Total expense was Rs 221.44 crore. 

     

    RBNL spent 74.63 per cent more towards Advertising expenses at Rs 7.86 crore (12.48 per cent of Total expense for the period) in the current quarter as compared to the Rs 45 crore (7.24 per cent of Total expense for the period) and 23.45 per cent more than the Rs 63.66 crore (11.76 per cent of Total expense for the period) in Q2-2014. YTD, RBNL’s Advertising spend was Rs 16.44 crore (9.86 per cent of Total expense for the period), which was 43.1 per cent more than the Rs 11.50 crore (6.84 per cent of Total expense for the period) during the corresponding nine month period of last year. For FY 2013, the company’s Advertising spend was Rs 16.16 crore (7.30 per cent of Total expense for the period). 

     

    RBNL’s finance cost jumped up 52.41 per cent to Rs 8.01 crore in Q3-2014 from Rs 5.26 crore in Q3-2013 and by 9.93 per cent from Rs 7.22 crore in Q2-2014. Over the nine month period ended December 31, 2013, the company’s finance cost was down (7.96) per cent to Rs 21.93 crore from Rs 23.82 crore in the corresponding period of last year. In FY 2013, RBNL spent Rs 29.45 crore towards finance cost.

  • Sahara One TV segment reports Rs 3.41 cr operating profit in Q3-2014

    Sahara One TV segment reports Rs 3.41 cr operating profit in Q3-2014

    BENGALURU: Sahara One Media and Entertainment Limited (Sahara One) Television segment reported an operating profit of Rs 3.41 crore in Q3-2014, which was 3.49 per cent more than the Rs 3.30 crore in Q3-2013, but (53.17) lower than the Rs 7.29 crore in the immediate trailing quarter. Over the nine month period ended 31 December 2013, the Television segment reported a (29.95) per cent drop in operating profit to Rs 8.17 crore in the corresponding period of last year. 

     

    Sahara One’s Television segment reported operating revenue of Rs 21.29 crore in Q3-2014 which was (54.02) per cent lower than the Rs 46.30 crore in Q3-2013 and (9.27) per cent less than the Rs 23.46 crore in Q2-2014. Television segment reported YTD operating revenue of Rs 73.02 crore which was (33.5) per cent less than the Rs 109.79 crore in the corresponding nine month period of last fiscal. The segment had operating revenue of Rs 135.05 crore in FY 2013. 

     

    Overall the company reported a loss of Rs (3.37) crore in Q3-2014, with unallocated segment eating away Rs (3.30) crore and its motion picture segment Rs (0.02) crore from the operating profit generated by Sahara One’s Television segment.  

     

    Let us look at the other Q3-2014 figures reported by Sahara One 

     

    Sahara One reported a (-55.20) per cent drop in operating revenue in Q3-2014 to Rs 20.41 crore from Rs 45.57 crore in the corresponding quarter of last year and a (9.69) per cent drop in operating revenue as compared to the Rs 24.76 crore in Q2-2014. Over the nine month period ended 31 December, 2013, Sahara One’s operating revenue fell (34.65) per cent to Rs 70.44 crore from Rs 107.78 crore reported in the corresponding period of last year. In FY 2013, the company reported operating income of Rs 132.28 crore. 

     

    Sahara One’s Total income for Q3-2014 at Rs 22.77 crore was (52.02) per cent lower than the Rs 47.46 crore in Q3-2013 and (8.05) per cent lower than the Rs 24.76 crore in Q2-2014. Sahara One’s YTD Total income fell by (32.8) per cent to Rs 47.46 crore from Rs 116.41 crore in the corresponding nine month period of last year. Its Total income for FY 2013 was Rs 142.58 crore. 

     

    Expense in Q3-2014 at Rs 22.67 crore dropped (49.82) per cent from Rs 45.19 crore in Q3-2013 and was 19.41 per cent more than the Rs 18.99 crore in Q2-2014. Sahara One’s YTD Expense at Rs 75.22 crore was (28.69) per cent lower than the Rs 105.49 crore during the corresponding nine month period of last year. 

     

    The major expense head in the case of Sahara One is Purchase of Content. Sahara One’s Content purchase expense for Q3-2014 was down (28.06) per cent to Rs 29.06 crore from Rs 40.40 crore y-o-y and was 39.76 per cent more than the Rs 17.51 crore in Q2-2014. Over the nine month period ended 31 December, 2013, Sahara One paid Rs 68.29 crore towards Content acquisition, which was (27.15) per cent lower than the Rs 93.74 crore in the corresponding period of last year. In FY 2013, Sahara One paid Rs 120.27 crore towards this expense head.

     

    Increase in Inventory by Rs 11.68 crore in Q3-2014 resulted in lower Total expense to that extent. In Q3-2013, Inventory had dropped by Rs 0.65 crore, which resulted in an increase in Total expense in to that extent during that quarter. In Q2-2014, the company reported Inventory Increase of Rs 3.64 crore. Over a nine month period of the current fiscal, Inventory increased by Rs 8.56 crore as compared to the increase of Rs 0.47 crore during the corresponding period of last year. During FY 2013, Sahara One reported Inventory increase of Rs 4.77 crore. 

     

    As mentioned above, the company reported a loss of Rs (3.37) crore in Q3-2014, as compared to a PAT of Rs 1.45 crore in Q3-2013 and a PAT of Rs 4.10 crore in the immediate preceding quarter. Over the nine month period of the current fiscal, the company reported a (72.41) per cent drop in PAT to Rs 1.92 crore from Rs 7.03 crore reported during the corresponding period of last year. The company reported PAT of Rs 5.29 crore in FY 2013.

     

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