ITV

Tag: Fiscal

  • FY-16: UFO Moviez ad revenue 35 percent up

    FY-16: UFO Moviez ad revenue 35 percent up

    BENGALURU: Indian digital cinema distribution network and in-cinema advertising platform, UFO Moviez Limited (UFO) reported a 35.3 percent growth in advertising revenue for the year ended 31 March 2016 (FY-16, current year). The company reported advertising revenue of Rs 157.8 crore in FY-16 as compared to Rs 116.7 crore in the previous year. Average advertisement minutes sold per show per screen increased to 4.15 (FY-15 – 3.36) minutes during the year. Theatrical and In-Cinema advertisement (consolidated excluding new businesses) revenues grew by 18.6 percent to Rs 567.1 crore (FY-15 – Rs 478.3 crore). Consolidated revenues improved by 19.4 percent to Rs 572.1 crore (FY-15 – Rs 479.3 crore)

    Note: The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:

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

    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.

    Let us look at the other numbers reported by UFO Moviez

    Total Expense in FY-16 increased 17.5 percent to Rs 464.70 crore from Rs 395.45 crore in FY-15. Ad revenue share (expense) in FY-16 increased 27.2 percent to Rs 47.15 crore from Rs 39.39 crore in the previous year. Visual Print sharing expense in FY-16 increased 22.9 percent to Rs 73.36 crore from Rs 63.31 crore.

    The company’s expense towards purchase of digital cinema equipment and lamps in the current year increased 62.7 percent to Rs 66.0s crore as compared to Rs 40.59 crore in FY-15.

    Company speak

    “Fiscal 2016 was another successful year for UFO as our financial results exceeded expectations across all metrics,” said UFO Moviez founder and managing director Sanjay Gaikwad. “Our confidence in our advertisement growth strategy has further strengthened. We continued to generate strong cash flows, allowing us to return value to our shareholders through dividends. We are excited about the potential of our advertisement platform and committed to deliver growth ahead aiming at unlocking further value for shareholders.”

    “UFO delivered record revenue and profitability with consistent growth year on year for the last 5 fiscal years,” said Kapil Agarwal, Joint Managing Director. “Our theatrical business continues to deliver stable results and we remain strategically focused on driving growth through advertising.   Momentum from advertisements continued in fiscal 2016 with advertisement sales exceeding 35 percent growth achieving record levels. As we enter fiscal 2017, we remain confident in our momentum and see tremendous opportunity and exciting prospects for the company.”

  • FY-16: UFO Moviez ad revenue 35 percent up

    FY-16: UFO Moviez ad revenue 35 percent up

    BENGALURU: Indian digital cinema distribution network and in-cinema advertising platform, UFO Moviez Limited (UFO) reported a 35.3 percent growth in advertising revenue for the year ended 31 March 2016 (FY-16, current year). The company reported advertising revenue of Rs 157.8 crore in FY-16 as compared to Rs 116.7 crore in the previous year. Average advertisement minutes sold per show per screen increased to 4.15 (FY-15 – 3.36) minutes during the year. Theatrical and In-Cinema advertisement (consolidated excluding new businesses) revenues grew by 18.6 percent to Rs 567.1 crore (FY-15 – Rs 478.3 crore). Consolidated revenues improved by 19.4 percent to Rs 572.1 crore (FY-15 – Rs 479.3 crore)

    Note: The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:

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

    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.

    Let us look at the other numbers reported by UFO Moviez

    Total Expense in FY-16 increased 17.5 percent to Rs 464.70 crore from Rs 395.45 crore in FY-15. Ad revenue share (expense) in FY-16 increased 27.2 percent to Rs 47.15 crore from Rs 39.39 crore in the previous year. Visual Print sharing expense in FY-16 increased 22.9 percent to Rs 73.36 crore from Rs 63.31 crore.

    The company’s expense towards purchase of digital cinema equipment and lamps in the current year increased 62.7 percent to Rs 66.0s crore as compared to Rs 40.59 crore in FY-15.

    Company speak

    “Fiscal 2016 was another successful year for UFO as our financial results exceeded expectations across all metrics,” said UFO Moviez founder and managing director Sanjay Gaikwad. “Our confidence in our advertisement growth strategy has further strengthened. We continued to generate strong cash flows, allowing us to return value to our shareholders through dividends. We are excited about the potential of our advertisement platform and committed to deliver growth ahead aiming at unlocking further value for shareholders.”

    “UFO delivered record revenue and profitability with consistent growth year on year for the last 5 fiscal years,” said Kapil Agarwal, Joint Managing Director. “Our theatrical business continues to deliver stable results and we remain strategically focused on driving growth through advertising.   Momentum from advertisements continued in fiscal 2016 with advertisement sales exceeding 35 percent growth achieving record levels. As we enter fiscal 2017, we remain confident in our momentum and see tremendous opportunity and exciting prospects for the company.”

  • Bajaj Electricals eyes Rs 5,000 crore turnover in fiscal 2014-15

    Bajaj Electricals eyes Rs 5,000 crore turnover in fiscal 2014-15

    KOLKATA: To commemorate completion of 75 years of business in 2013, Bajaj Electricals, has kept aside Rs 15 crore out of the Rs 60 crore earmarked for advertising and promotion during fiscal 2013-14 for both above the line (ATL) and below the line (BTL) activities. The company has tapped all media and even created a software application (app) to mark the occasion.

     

    What’s more, the manufacturer of lights, fans and home appliances is targeting a sales turnover of Rs 5,000 crore in fiscal 2014-15.

     

    Bajaj Electricals chairman and managing director, Shekhar Bajaj, confirms: “In the current fiscal (2013-14), we are looking at a turnover of Rs 4,200 crore. In the next fiscal (2014-15), the company is looking at a turnover of Rs 5,000 crore.”

     

     Of Bajaj Electricals’ six strategic business units – engineering and projects, home appliances, fans, lighting, luminaries and Morphy Richards – the company will continue to focus on home appliances, wherein it is practically the market leader.

     

    “Every year, on an average, the company sells 37 lakh irons and more than 15 lakh mixers,” informs Shekhar Bajaj, stressing that the company will remain focused on low-end home appliances and will not venture into the white goods’ sector. “We are practically the market leader in almost the entire home appliances segment comprising fans, toasters, OTG and others. We have a competitive edge in that segment,” he adds.

     

    As for engineering and projects, Bajaj Electricals joint managing director Anant Bajaj informs that as on 1 December, 2013, the division’s order book stood at Rs 2,100 crore approximately. Of which, orders worth nearly Rs 1,000 crore are from rural electrification projects, a majority of them under the Rajiv Gandhi

     

    Gramin Vidyutikaran Yojana. Plus, the unit will start the next fiscal (2014-15) with an order book of about Rs 1,500 crore; he adds.

     

    The engineering and projects vertical clocked revenues of Rs 1,200 crore in the current fiscal and is looking to clock Rs 1,500 crore in the next fiscal, concludes Anant Bajaj.

  • Outdoor ad spends register 8% growth in H1 FY 2013

    Outdoor ad spends register 8% growth in H1 FY 2013

    MUMBAI: Laqshya Media Group’s media research wing that caters to the OOH research and analysis has revealed the H1 fiscal analysis of 2013, while comparing it with the same period in 2012.

    According to the report, despite the lingering economic uncertainty, OOH continues to grow – giving a positive sign to advertisers who plan to reach out to people with billboards, bus shelters, huge gantries, foot-over bridges, and any other outdoor vehicles.

    According to Laqshya Media Research statistics on the outdoor advertising ad revenues, there has been a growth of 11 per cent for Q1 and 4 per cent growth during Q2 of 2013 over the same period in 2012, making it a total of 8 per cent growth for the H1 fiscal 2013 over 2012.

    The sector-wise analysis reveals that real estate has upped its OOH investments most rapidly as compared to any other sector making it the most dynamic category for the first half of 2013. The sectors’ spends grew by 51 per cent as compared to H1 of 2012. The report states that the realty players from Mumbai and Delhi have been spending heavily in traditional OOH, whereas south based players are also actively visible in premium ambient media like airports.

    The education sector with large focus on Q1 dominates the other category spends though their spends have reduced compared to H1 of 2012. In the media & entertainment category, TV channels particularly the GECs hold a substantial pie in the OOH share of spends. Jewellery brands like Tanishq has been spending heavily along with south based brands like Malabar and Kalyan on their store launch across various towns using OOH to create awareness. There has been a 28 per cent rise in their spends observed this year as compared to H1 2012.

    Many other sectors slightly exceeded their spends in the first half this year as compared to last year making the overall OOH share of spends bigger and thus creating an 8 per cent growth as compared to 2012. Categories like banking, mobile handsets, airline operators, housing finance, life insurance, retail (particularly the innerwear segment) and healthcare saw greater growth as compared to last year’s first half.

    Two-wheelers have emerged as one of the most active spenders in the first half of 2013 as compared to the same time in 2012, registering a growth of at least 50 per cent. Brands like Hero Motocorp, Bajaj and Honda have captured the roads with larger than life displays for their two-wheelers.

    The first half of fiscal year 2013 also saw a decrease in spends by the top OOH spenders like automobiles (four wheelers) and mobile services.

    Laqshya Media Group COO Atul Shrivastava said, “The overall OOH pie has grown 8 per cent this year as compared to same period last year. There has been a moderate growth in various other sectors but OOH that has traditionally thrived on automobiles and mobile services took a hit. Big players in the four- wheeler category like Hyundai and Tata Motors-owned Jaguar Land Rover have been successfully banking on OOH long term sites to create brand salience. The only spike observed in the category was during the brand launch of Honda Amaze and Chevrolet Sail.”

  • Canon India to expand Office Imaging Solutions

    Canon India to expand Office Imaging Solutions

    BENGALURU: Canon India Office Imaging Solutions division (OIS) announced plans for deeper penetration in C, D and E towns and expansion of service location from 546 to 700+ locations currently to support developments in smaller cities.

     

    The division is aggressively tapping the SME market specially the manufacturing units in C, D and E class where the print volume is around one-two lakh a month. Canon is working with its channel partners in these cities who will be focusing on SMEs and PSU segments. Canon plans to enable the SME community by introducing cost effective workflow solutions and Managed Document Services offering.

     

    With this SMEs will get access to enterprise class technology which will help them streamline their printing infrastructure, save cost and be eco-friendly. The division is also targeting cities like Ahmedabad, Chandigarh, Cochin, Patna and Bhubaneswar. The division is targeting revenues of Rs 25 crore from its Managed Document Services during the next fiscal.

     

    Canon’s OIS division uses select print publications that make their way to a CIO’s table and online digital for focused mass media communications. To that extent, it spends around Rs 1 to 2 crore per quarter revealed a company source. Dentsu and Percept manage creative and media buying duties for Canon India.

  • HDIL Ent gets plex urge

    HDIL Ent gets plex urge

    KOLKATA: HDIL Entertainment, the 100 per cent subsidiary of the Mumbai-based real estate company, Housing Development and Infrastructure (HDIL), plans to have 70 multi-screen plexes pan India in the next couple of years. For setting up the cinema screens, the company has earmarked an investment of Rs 55 crore. The company’s multiplexes operate under the brand name – Broadway.
    HDIL Broadway CEO Mukesh Gupta is optimistic that both West Bengal plexes
    will be operational before Durga Puja

     

    HDIL Entertainment which reported a turnover of Rs 45 crore in the last fiscal of 2012-13, is aiming at notching up Rs 75 crore – Rs 80 crore by the end of the current fiscal 2013-14.

    In West Bengal, the company has signed a deal with mall developers for a four-screen plex Broadway at Asansol and three-screen plex at Durgapur.

    It is learnt that it will go for a lease agreement with Bengal Shristi for the Duragapur screens. Apart from this, it is looking at Burdwan and central Kolkata for expansion and Guwahati would be the preferred next destination in the eastern region. “Both the West Bengal plexes are slated to be operational before Durga Puja,” HDIL Broadway CEO Mukesh Gupta told indiantelevision.com.

    “By the month of October 2013, we plan to start 14 screens pan India and the total number of screens would be 35 by this year end. By the end of next year 2014, we are aiming at 70 multi-screen plexes,” he highlights.

    Of the Rs 55 crore investment needed, Rs 20 crore will be from internal accruals while a bank loan would account for Rs 35 crore, says Gupta.

    Broadway has around 14 operational plexes in Mumbai and four each in Kolkata and Indore. “We plan to open four screens at Kolkata, three in Delhi and two more in Mumbai by the end of the year,” the CEO says.

    It is interesting to note that two years ago the company planned to open around 120 multi-screen plexes by 2016 using the ownership model at an investment of Rs 450-500 crore. “Seeing the slow growth and not so conducive economic sentiment, we are looking at 120 screens in next three years to four years on a lease basis,” explains Gupta.

     

    HDIL Broadway has a four- screen multiplex, spread over 30,000 square feet and with a sitting capacity of 799 people in the city of Kolkata at present. Tickets are priced between Rs 150-Rs 200.

    Talking about the occupancy rate in Kolkata, he said the average occupancy rate is 48-52 per cent while “there are days like last week when the cinema halls were flooded with good movies, it was around 78 per cent also,” he says.

    “We have capitalised on the Salt Lake late-night movie-watching crowd and also the EM Bypass, Phoolbagan and Kankurgachi cinegoers in Kolkata,” reveals Gupta.

    Without giving much detail, Gupta said Broadway would soon open in central Kolkata.

    HDIL Entertainment is keen to tap the south market also for Broadway expansion, says Gupta.

    HDIL, the parent of HDIL Entertainment, was in the news recently for not paying interest arrears on a loan taken by it from Indiabulls Housing Finance, which it later paid up. Its share price dropped on the bad press.

    After a long consolidation of one and a half years, the HDIL share price broke out of the range, says Dhanpurna Commodities research head Puneet Rathi. “Falling below Rs 100 levels in January 2013, reflect a continuation of down trend in stock. After touching a bottom of Rs 26.1 on 6 August 2013 it bounced back on low volume,” he said.

    It is currently trading in the Rs 30 plus range.

    On Wednesday afternoon, the scrip was trading at Rs 32.85, up 0.61 per cent.