ITV

Tag: FY-17

  • Sun TV reports improved numbers, declares third interim dividend

    Sun TV reports improved numbers, declares third interim dividend

    BENGALURU: Sun TV Network Ltd (Sun TV) reported improved numbers across all important parameters for the quarter ended 31 December 2017 (Q3 2018, the quarter under review) as compared with the corresponding quarter of the previous year (yoy, Q3 2017). The company said in its earnings release that subscription revenue for the quarter increased by 16.5 per cent yoy to Rs 281.81 crore from Rs 241.94 crore while advertisement revenue grew by approximately 22 per cent yoy. The board of directors of Sun TV has declared a third interim dividend of the year of Rs 2.50 per equity share of face value of Rs 5 each (50 per cent).

    Sun TV reported 13.4 per cent higher consolidated total income in the quarter under review at Rs 712.39 crore as against Rs 628.36 crore in Q3 2017. Operating revenue increased by 15.9 per cent yoy to Rs 683.28 crore in Q3 2018 from Rs 589.43 crore in Q3 2017.

    Sun TV’s EBITDA during the quarter was Rs 492.04 crore (72 per cent of operating revenue), 11.9 per cent higher as compared against Rs 439.66 crore (74.6 per cent of operating revenue) in Q3 2017.

    The company’s profit after tax or PAT in Q3 2018 improved by 11.2 per cent to Rs 267.03 crore (39.1 per cent of operating revenue) as compared with Rs 240.09 crore (40.7 per cent of operating revenue) in Q3 2017.

    Total expenditure in Q3 2018 increased by 17.1 per cent to Rs 305.76 crore (44.7 per cent of operating revenue) as against Rs 261.09 crore (44.3 per cent of operating revenue) in the corresponding quarter of the previous year.

    Operating expense in Q3 2018 soared by 50.7 per cent yoy to Rs 81.05 crore (11.9 per cent of operating revenue) from Rs 53.78 crore (9.1 per cent of operating revenue) in the corresponding quarter of the previous year.

    Employee benefits expense in Q3 2018 increased by 20.6 per cent to Rs 72.70 crore (10.6 per cent of operating revenue) as compared with Rs 59.86 crore (10.2 per cent of operating revenue) in Q3 2017.

    Other expenses in Q3 2018 grew by 5.1 per cent to Rs 37.99 crore (5.6 per cent of operating revenue) as compared with Rs 36.13 crore (6.1 per cent of operating revenue) in the corresponding quarter of the previous year.

    Also Read :

    Sun TV reports improved numbers, declares third  interim dividend

    Viacom18 rolls up its sleeves for Tamil market share

    Sun Direct may add 20 HD, 100 SD channels

  • Subs revenue boosts Sun TV earnings

    Subs revenue boosts Sun TV earnings

    BENGALURU: Riding on the high of an increase in subscription revenue, Sun TV Network Ltd (Sun TV) reported improved numbers across all important parameters for the quarter ended 30 September 2017 (Q2 FY 2017-18, current quarter) as compared with the corresponding quarter of the previous year (Q2 FY 2016-17). The company’s subscription revenue for the current quarter increased by 14.3 percent year-on-year (y-o-y) to Rs 2,776.8 million from Rs 2,429.0 million.

    Sun TV reported 5.6 percent increase in consolidated total income during the quarter to Rs 7,131.3 million as compared with Rs 6,754.7 million in Q2 FY 2016-17. Operating revenue rose by 8.1 percent y-o-y to Rs 6,759.0 million from Rs 6,254.9 million. The board of directors of Sun TV has declared a second interim dividend of the year of 50 per cent per equity share of Rs 5.

    During the quarter, the company’s profit after tax improved by 5.3 percent to Rs 2,846.7 million (42.1 percent of operating revenue) as compared with Rs 2,703.5 million (35.5 percent of operating revenue) in Q2 FY 2016-17.

    Sun TV’s earnings before interest, taxes, depreciation, amortisation (EBITDA) during the quarter were Rs 4,960.9 million (73.4 per cent of operating revenue), growth of 6.7 percent as against Rs 4,650.2 million (68.8 percent of operating revenue) in Q2 FY 2016-17.

    Total expenditure during the quarter increased by 7.2 percent to Rs 2,825.6 million (41.8 percent of operating revenue) as compared with Rs 2,636 million (34.6 percent of operating revenue) in the corresponding quarter of the previous year.

    Operating expense in Q2 FY 2017-18 grew by 24.8 percent to Rs 640.8 million (9.5 per cent of operating revenue) from Rs 513.3 million (6.7 per cent of operating revenue) in the corresponding quarter of the previous year.

    Employee benefits expense in during the second quarter increased by 7.7 percent to Rs 773.9 million (11.4 per cent of operating revenue) as against Rs 718.3 million (9.4 per cent of operating revenue) in Q2 FY 2016-17.

    Other expenses in the Q2-18 increased 2.8 percent to Rs 384.3 million (5.7 percent of operating revenue) as compared to Rs 373.1 million (4.9 percent of operating revenue) in the corresponding quarter of the previous year.

  • Sun TV fiscal 2017 numbers grow

    BENGALURU: Sun TV Network Limited (Sun TV) reported improved numbers across all important parameters for the year ended 31 March 2017 (FY-17, current year, fiscal) as compared to the previous year (FY-16). Sun TV reported 8.1 percent higher consolidated total income in the current year at Rs 27,995.2 million as compared to Rs 25,899.7 million in FY-16. Operating revenue increased 7 percent to Rs 26,457.2 million in FY-17 from Rs 24,736.2 million in FY-16.

    On a standalone basis, the company says in its earnings release that subscription revenue at Rs 9,614.1 million was up 18 percent as against Rs 8,126.8 million in the previous year.

    The company’s profit after tax or PAT in FY-17 improved 11.7 percent to Rs 10,306.6 million (39 percent of Operating Revenue) as compared to Rs 9,223.1 million (37.3 percent of Operating Revenue) in FY-16.

    Sun TV EBIDTA in the current year was Rs 17,698.4million (66.9 percent of Operating Revenue), 2.1 percent higher as compared to Rs 17,327.4 million (70 percent of Operating revenue) in FY-16.

    Total Expenditure (TE) in the current year increased 3 percent to Rs 12,773.6 million (48.3 percent of Operating Revenue) as compared to Rs 12,397.9 million (50.1 percent of Operating Revenue) in the previous year.

    Operating expense in fiscal 2017 increased 19.3 percent to Rs 2,337.7 million (8.8 percent of Operating Revenue) from Rs 1,958.1 million in the previous year.

    Employee Benefits Expense in FY-17 increased 8.6 percent to Rs 2,562,7 million (9.7 percent of Operating Revenue) as compared to Rs 2,359.9 million (9.5 percent of TIO) in FY-16.

    Other expenses (OE) in the FY-17 was 13.8.percent more at Rs 2,381.2 million (9 percent of Operating Revenue) as compared to Rs 2,092.4 million (8.5 percent of Operating Revenue) in the previous year.

    Sun TV has paid franchisee fees for its IPL team Sun Risers Hyderabad (SRH) of Rs 85.48 million in Q1-17 as compared to Rs 85.05 million in the first quarter of FY-16.

  • Zee Learn PAT more than doubles for FY-17

    BENGALURU: The Essel Group’s core education company Zee Learn Limited (ZLL) reported 2.43 times consolidated profit after tax (PAT) in the year ended 31 March 2017 (FY-17, current year) as compared to the previous year. The company reported consolidated PAT of Rs 36.65 crore (20.5 percent of Total Income from Operations or TIO) in FY-17 as compared to consolidated  PAT of Rs 15.08 crore (10 percent of TIO) in FY-16. ZLL’s consolidated TIO in the current year was Rs 178.91 crore, it was Rs 151.57 crore in FY-16.

    The company’s consolidated simple EBIDTA (excluding other income) in FY-17 grew 44.1 percent to Rs 62.33 crore (34.8 percent EBIDTA margin) from Rs 43.27 crore (28.5 percent EBIDTA margin) in the previous year.

    Board declares dividend

    The ZLL board has recommended a dividend of 5 percent (Re 0.05 per equity share of Re 1 each) for FY-17 for all its equity shareholders subject to approval of its shareholders.

    Segments

    ZLL has two segments – Education; and Construction and Leasing. Education segment reported 15.7 percent growth in operating revenue in FY-17 to Rs 161.17 crore from Rs 139.25 crore in the previous year. The segment reported 69.5 percent growth in operating profit at Rs 48.99 crore in FY-17 as compared to Rs 28.91 crore in FY-16.

    Construction and Leasing segment reported operating 43.8 percent higher revenue of Rs 17.71 crore in FY-17 from Rs 12.32 crore in the previous year. The segment’s operating profit in FY-17 declined 14 percent to Rs 4.36 crore from Rs 5.07 crore in FY-16.

    Let us look at the other numbers reported by ZLL for FY-17

    Consolidated Total Expenses in FY-17 increased 6.7 percent to Rs 126.38 crore (70.6 percent of TIO) from Rs 118.49 crore (78.2 percent of TIO) in the previous year. Consolidated Purchase of Education Goods and Television Content increased 3.5 percent in FY-17 to Rs 34.82 crore (19.5 percent of TIO) from Rs 33.65 crore (22.2 percent of TIO).

    Consolidated Employee Benefits Expense in FY-17 declined 0.5 percent to Rs 24.97 crore (14 percent of TIO) from Rs 25.09 crore (16.6 percent of TIO) in FY-16. The company’s Consolidated Selling and marketing expense in the current year was 6.1 percent lower in FY-17 at Rs 19.66 crore (11 percent of TIO) as compared to Rs 20.95 crore (13.8 percent of TIO) in the previous year.

    Consolidated Other expense in FY-17 was 57 percent more at Rs 36.58 crore (20.4 percent of TIO) as compared to Rs 23.30 crore (15.4 percent of TIO) in FY-16. Consolidated Finance Costs in FY-17 reduced 5 percent to Rs 18.98 crore (10.6 percent of TIO) from Rs 19.98 crore (13.2 percent of TIO) in the previous year.

    Company speak

    ZLL CEO Debashankar Mukhopadhyay said, “Company witnessed consistent growth across all business segments, which strongly underlines the fact that our franchisee and parent’s confidence towards company brands is growing every year. ZLL has invested considerable resources in developing learning insights, student learning materials and e-content for pre-schools and K-12 schools. We closed FY-17 on a new high, with a positive drive and are confident of sustaining this growth. The high demand for the all-new Kidzee 2.0 was overwhelming, as it surpassed all our expectations. With new product introductions coupled with our existing offerings, we are confident that our growth momentum will continue. Qualitative improvements in our network coupled with strong focus on franchisee relationship and availability of varied tailor made children / student specific programs will be pivotal in aiding our planned growth for the future.

    ZLL CFO Umesh Pradhan said, “With rising scale and rationalizing of vendors, the company has prudently managed cost of goods while simultaneously improving quality. We perceive these initiatives as potent operating and profitability margin boosters. The consistency of our performance is the result of managing our business dynamically and executing our strategy with even greater rigour and discipline. Our sustained focus on investing behind brands, sharpening our execution capabilities and driving market development has enabled us to keep winning with consumers in a rapidly changing market.”

    Notes: (1) 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.

    (2) The numbers in this report are consolidated unless stated otherwise.

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    Zee Learn-Tree House proposed merger off

    Q2-2016: Zee Learn YoY revenue up 34.9% at Rs 30.70 crore

  • Reliance Jio capex at Rs 18k cr in Q1-18, Retail’s solid performance in FY-17

    BENGALURU: The Mukesh Dhirubhai Ambani headed Reliance Industries Limited (RIL) reported its financial performance for the quarter / year ended 31 March 2017 (Q4-17/FY-17, current quarter/current year). RIL’s digital venture Reliance Jio Infocomm Limited (Jio) has been touted as the largest startup in the world with investments announced to the tune of Rs 1,50,000 crore. The company plans capex at Rs 18,000 crore for Q1-18. The company says that capex investments will drop sharply from Q2-18 onward. This is indeed a huge sum, when one considers the fact that its nearest peer and the largest telecom operator in terms of subscriber base until Jio overtook it, Bharti Airtel Limited (Airtel), had capex of Rs 20,591.9 crore during the entire financial year 2016. It may be noted that Airtel has operations in other geographies besides India, and the capex number mentioned above includes those countries also. RIL claims that Jio contributes to more than 80 percent of data consumption in India.

    Further, RIL plans capex of Rs 2,500 crore for fiscal 2018 for its organized retail segment – Reliance Retail Limited (Retail segment) that had a phenomenal performance during FY-17. Reliance Retail reported revenue of Rs 33,765 crore for fiscal 2017, 60.2 percent more than the Rs 21,075 crore reported in the previous year. Quarter-on-quarter (q-o-q), the segment’s revenue in Q4-17 at Rs 10,332 crore was 18.9 percent more than the Rs 8,688 crore in Q3-17 and year-on-year (y-o-y) it was 83 percent more than the Rs 5,646 crore in Q4-16.

    The Retail segment’s EBIT in FY-17 at Rs 784 crore (2.3 percent EBIT margin) was 55.6 percent more than the Rs 504 crore (2.4 percent EBIT margin) in the previous year. Q4-17 EBIT at Rs 243 crore (2.4 percent EBIT margin) was 5.2 percent more that Rs 231 crore (2.7 percent EBIT margin) and 89.8 percent more y-o-y than Rs 128 crore (2.3 percent EBIT margin).

    The Retail segment’s Business PBIT in FY-17 at Rs 1,203 crore was 40.4 percent more than the Rs 857 crore in FY-16. Business PBIT in Q4-17 at Rs 366 crore was 9.9 percent more q-o-q than Rs 333 crore and 65.6 percent more y-o-y than Rs 221 crore.

    RIL’s Revenue (turnover) increased by 12.3 percent in FY-17 to Rs 3,30,180 crore from Rs 2,93,298 crore in FY-16. The company’s revenue increased 10.3 percent q-o-q to Rs 92,889 crore in Q4-17 as compared to Rs 84,189 crore and increased 45.2 percent y-o-y from Rs 63,954 crore.

    Overall RIL reported record annual consolidated net profit of Rs 29,901 crore in FY-17, up 18.8 percent as compared to the Rs 25,171 crore in FY-16. Consolidated net profit for Q4-17 at Rs 8,046 crore was 6.8 percent higher q-o-q as compared to Rs 7,533 crore and was 12.3 percent higher y-o-y than the Rs 7,167 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.