ITV

Tag: FY-2013

  • Sahara One PAT in FY-2014 down to one third of FY-2013 PAT

    Sahara One PAT in FY-2014 down to one third of FY-2013 PAT

    BENGALURU: Sahara One Media & Entertainment Limited (Sahara One) reported a little more than one third the PAT at Rs 1.78 crore (2 per cent of net revenue from operations or Op Rev) in FY-2014 as compared to the Rs 5.29 crore (4.3 per cent of Op Rev) in FY-2013.  During the last two quarters of FY-2014, the company has incurred loss, and the profit that it has reported is residual from the PAT of the first two quarters of the year. Further, Sahara One’s operating revenue net of service tax (in FY-2013) at Rs 91.39 crore in FY-2014 dropped 25.3 per cent from Rs 122.28 crore in FY-2013.

     

    Sahara One reports revenue from two segments – television and motion pictures. The revenue numbers from its motion pictures segment have been negligible in FY-2013 and FY-2014. However a significant portion of the loss has been attributed to motion pictures segment.

     

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

     

    Sahara One results for the quarters in FY-2014 were: Q1-2014-PAT of Rs 1.21 crore: Q2-2014, Rs 4.10 crore, Q3-2014 loss Rs 3.37 crore: Q4-2014 loss Rs 0.15 crore. For Q4-2013, Sahara One had reported a loss of Rs 1.74 crore.

     

    The company’s EBIDTA (including other income) was a positive at Rs 2.95 crore in FY-2014 as compared to a negative EBIDTA (including other income, excluding service tax) of Rs 1.69 crore in FY-2013.

     

    Let us look at the other numbers reported by Sahara One in FY-2014 and Q4-2014

     

    The company reported Op Rev of Rs 20.95 crore in Q4-2014, which was 2.6 per cent more than the Rs 20.41 crore in Q3-3014, but 21 per cent less than the Rs 26.52 crore in Q4-2013.

     

    Other income figures: FY-2014 Rs 10.04 crore (1.06 per cent of Op Rev); FY-2013 Rs 10.30 crore (8.34 per cent of Op Rev); Q4-2014 Rs 2.24 crore (10.7 per cent of Op Rev); Q3-2014 Rs 2.36 crore (11.5 per cent of Op Rev) and Q4-2013 Rs 1.66 crore (6.3 per cent of Op Rev).

     

    Sahara One’s Total Expense (Tot Exp) in FY-2014 at Rs 98.68 crore (108 per cent of Op Rev) in FY-2014 was 26.6 per cent less than the Rs 134.48 crore (110 per cent of Op Rev) in FY-2014. Tot Exp in Q4-2014 at Rs 23.54 crore (112.4 per cent of Op Rev) was 3.8 per cent more than the Rs 22.67 crore (111.1 per cent of Op Rev) in Q3-2014 and 17.8 per cent less than the Rs 28.63 crore (108 per cent of Op Rev) in Q4-2013.

     

    Content cost is a major expense head for Sahara One. The company paid Rs 84.49 crore (93.5 per cent of Op Rev) towards purchase of content (content cost) in FY-2014, which was 28.9 per cent less than the Rs 102.27 crore (98.4 per cent of Op Rev) in FY-2014. Sahara One paid Rs 17.2 crore (112.4 per cent of Op Rev) towards content cost in Q4-2014, which was 40.8 per cent lower than the Rs 29.06 crore (142.4 per cent of Op Rev) in Q3-2014 and 35.2 per cent less than the Rs 26.53 crore (100 per cent of Op Rev) in Q4-2013.

     

    The company’s trade payables, trade receivables and inventory numbers have all gone up in FY-2014 as compared to FY-2013. Here are the figures: Trade Payables – FY-2014 at Rs 41.02 crore (44.9 per cent of Op Rev) which was 17.9 per cent more than the Rs 34.78 crore (28.4 per cent of Op Rev) in FY-2013; Trade receivables – FY-2014 at Rs 78.89 crore (81.9 per cent of Op Rev) which was 2.06 times (more than double) the Rs 36.31 crore (29.7 per cent of Op Rev) in FY-2013. Inventories – FY-2014 at Rs 50.26 crore (55 per cent of Op Rev) which was 18.5 per cent more than the Rs 43.41 crore (34.7 per cent of Op Rev) in FY-2013.

     

    Here are the segment numbers: Television segment: FY-2014 revenue Rs 95.83 crore, segment result operating profit Rs 12.62 crore : FY-2013 revenue Rs 135.04 crore, segment result operating profit of Rs 8.01 crore.

     

    Motion Pictures: FY-2014 revenue Rs 0.01 crore, segment result loss of Rs 0.73 crore: FY-2013 revenue Rs 0.15 crore, segment result loss of Rs 1.88 crore.

     

    Unallocated: FY-2014 unallocated revenue Rs 6.58 crore, result -unallocated loss Rs 4.53 crore; FY-2014 unallocated revenue Rs 7.38 crore, result- unallocated loss of Rs 2.64 crore.

  • Inox FY-2014 PAT doubles FY-2013 PAT

    Inox FY-2014 PAT doubles FY-2013 PAT

    BENGALURU: Indian Theatrical film exhibitor Inox Leisure Limited (Inox) reported FY-2014 PAT of Rs 36.93 crore (4.3 per cent of Total Income from operations of Tot Op Inc), 100.2 per cent more than the Rs 18.45 crore (2.4 per cent of Tot op Inc) in FY-2013.

     

    The company reported Tot Op Inc of Rs 868.83 crore in FY-2014, which was 13.5 per cent higher than the Rs 765.29 crore in the previous fiscal. Tot Op Inc of Rs 188.30 crore, was 12.1 per cent less than the Rs 214.27 crore in Q3-2014 and 10.4 per cent more than the Rs 170.59 crore in Q4-2013.

     

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

     

    PAT in Q4-2014 was just Rs 1.43 crore (0.8 per cent of Tot Op Inc) and less than a fourth (1/4.23 times) the Rs 6.47 crore in Q3-2014. The company had reported loss of Rs 9.94 crore in Q4-2013.

     

    Let us look at the other Q4-2014 and FTY-2014 numbers reported by Inox

     

    Inox reported 12.3 per cent higher total expenditure (Tot Exp) in FY-2014 at Rs 797.56 crore (91.8 per cent of Tot Op Inc) as compared to the Rs 710.35 crore (92.8 per cent of Tot Op Inc) in FY-2013. Inox reported Tot Exp of Rs 184.78 crore (98.1 per cent of Tot Op Inc) in Q4-2014, which was 7.8 per cent less than the Rs 200.36 crore (93.5 per cent of Tot Op Inc) in Q3-2014 and 4.9 per cent more than the Rs 176.18 crore (103.3 per cent of Tot op Exp) in Q4-2013.

     

    The company paid Rs 106.07 crore (12.2 per cent of Tot Op Inc) in FY-2014 towards Entertainment Tax, which was 3.9 per cent more than the Rs 102.04 crore (13.3 per cent of Tot Op Inc) in FY-2013. Entertainment Tax in Q4-2014 at Rs 221.2 crore (11.7 per cent of Tot Op Inc) was 12.6 per cent less than the Rs 253.1 crore (11.8 per cent of Tot Op Inc) in Q3-2014 and 2 per cent more than the Rs 216.9 crore (12.7 per cent of Tot Op Inc) in Q4-2013.

     

    Inox incurred a cost of Rs 223.49 crore (25.7 per cent of Tot Op Inc) in FY-2014 towards Exhibition Cost, which was 6.5 per cent more than the Rs 209.94 crore (27.4 per cent of Tot Op Inc) in the previous fiscal. Exhibition cost in Q4-2014 was less by 14.9 per cent at Rs 46.36 crore (24.6 per cent of Tot Op Inc) as compared to the Rs 54.48 crore (25.4 per cent of Tot Op Inc) in the immediate trailing quarter and 2.5 per cent more than the Rs 45.23 crore (26.5 per cent of Tot Op Inc) in Q4-2013.

     

    Inox paid Rs 137.22 crore (15.8 per cent of Tot Op Inc) towards property rent, conducting fees and common facility charges (rent and other charges) in FY-2014, which was 16.4 per cent more than the Rs 117.9 crore (16.8 per cent of Tot Op Inc) in FY-2013. The company paid Rs 35.64 crore (18.9 per cent of Tot Op Inc) in Q4-2014 towards rent and other charges, which was 3.1 per cent more than the Rs 34.58 crore (16.1 per cent of Tot Op Inc) in Q3-2014 and 13.4 per cent more than the Rs 31.42 crore (18.4 per cent of Tot Op Inc) in Q4-2013.

     

    The company paid 3.5 per cent more towards finance cost in FY-2014 at Rs 27.63 crore (3.2 per cent of Tot Op Inc) as compared to the Rs 26.7o crore (3.5 per cent of Tot Op Inc) in FY-2013. Finance cost in Q4-2014 at Rs 6.20 crore (3.3 per cent of Tot Op Inc) was 6.3 per cent less than the Rs 6.62 crore (3.1 per cent of Tot Op Inc) in Q3-2014 and 13.2 per cent lower than the Rs 7.14 crore (4.2 per cent of Tot Op Inc) in Q4-2013.

     

    Inox currently operates 79 multiplexes and 310 screens in 43 cities. Since its inception in 1999, Inox has been active in exploring acquisition and / or expansion opportunities on continuous basis with a view to consolidate its position in the multiplex industry. In 2007, Calcutta Cinema Private Ltd (CCPL), a multiplex cinema theatre company based in West Bengal was merged with Inox. In May 2013, Fame India Limited, another multiplex cinema theatre company having nationwide presence, was merged with Inox.

  • Sri Adhikari Brothers Television FY-2014 PAT up 4.5 times

    Sri Adhikari Brothers Television FY-2014 PAT up 4.5 times

    BENGALURU: Sri Adhikari Brothers Television Network Limited (SAB TV) reported a 4.5 fold increase in consolidated PAT of Rs 5.52 crore (3.1 per cent of Income from Operations or Op Inc) in FY-2014 from Rs 1.23 crore (0.8 per cent of Op Inc) in FY-2013. SAB TV reported a 11.9 per cent jump in topline for FY-2014 to Rs 180.37 crore from Rs 161.24 crore in FY-2013.

     

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

     

    (2) Annual figures are on a consolidated basis, quarterly figures are standalone.

     

    Let us look at the numbers for FY-2014 reported by SAB TV

     

    On a consolidated basis, the SAB TV group has two business segments – (a) Content Production and Distribution (Content) and (b) Broadcasting.

     

    SAB’s content segment reported revenue of Rs 71.49 crore in FY-2014, up 18.3 per cent as compared to the Rs 60.43 crore in FY-2013. This segment returned a 10.7 per cent improvement in positive result of Rs 7.81 crore (10.9 per cent of segment revenue) in FY-2014 as compared to the Rs 7.06 crore (11.7 per cent of segment revenue) in FY-2013.

     

    SAB’s broadcasting segment reported revenue of Rs 108.89 crore in FY-2014, up 8 per cent as compared to the Rs 100.82 crore in FY-2013. The company’s broadcasting segment returned operating profit of Rs 19.41 crore (17.8 per cent of segment revenue), which was 68.2 per cent more than the Rs 11.54 crore (11.4 per cent of segment revenue) in FY-2013.

     

    SAB has reported total expense of Rs 153.35 crore (85 per cent of Op Inc) in FY-2014, 7.3 per cent more as compared to the Rs 142.95 crore (88.7 per cent of Op Inc) in FY-2013.

     

    SAB TV has reported Production/Direct Expense (Prodn Exp) of Rs 115.29 crore (63.9 per cent of Op Inc) in FY-2014 9.3 per cent more as compared to the Rs 105.44 crore (65.4 per cent of Op Inc) in FY-2013.

     

    The company’s Interest/Finance cost went up 4.5 per cent in FY-2014 to Rs 18.01 crore (10.5 per cent of Op Inc) from Rs 18.14 crore (11.3 per cent of Op Inc) in FY-2013.

     

    The board of directors of the company has recommended a dividend of 60 paise per equity share of Rs 10 each for the financial year 2013-14 subject to the approval of shareholders in the ensuing annual general meeting.

     

    Click here to read full report

  • FY-2014: Mukta Arts pays producers, distributors share Rs 234 crore; reports loss at Rs 7.34 crore.

    FY-2014: Mukta Arts pays producers, distributors share Rs 234 crore; reports loss at Rs 7.34 crore.

    BENGALURU: Mukta Arts Limited (Mukta Arts) paid Rs 234.09 crore (76 per cent of consolidated net total income from operations or Op Inc of Rs 234.09 crore) as producers and distributors share in FY-2014. The company has reported a consolidated loss of Rs 7.34 crore in FY-2014, which was 5.36 times the loss of Rs 1.37 crore the company had reported in FY-2013. Other Income in FY-2014, which included the proceeds of a keyman insurance policy, cushioned the loss by Rs 4.63 crore, else loss would have been nearly Rs10 crore in the year.

     

    In FY-2013, Mukta Arts paid Rs 269.91 crore or 95 per cent of Op Inc on a consolidated basis towards producers and distributors share. In FY-2013, other income reduced the loss by Rs 2.25 crore.

     

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

     

    (2) Annual figures are on a consolidated basis.

     

    Let us look at the other numbers reported by Mukta Arts for FY-2014 and Q4-2014

     

    Mukta Arts reported Total Income from operations (net) excluding other income in Q4-2014 as Rs 57.07 crore which was 25.6 per cent lower than the Rs 76.67 crore in Q3-2014 and 3.1 per cent less than the Rs 61.91 crore in the year ago quarter Q4-2013.

     

    Consolidated Total Expense for FY-2014 at Rs 313.83 crore (102 per cent of Op Inc) was 14.7 per cent more than the Rs 273.65 crore (98.9 per cent of Op Inc) in FY-2013. Mukta Arts total expense in Q4-2014 at Rs 60.21 crore (105.5 per cent of Op Inc) was 21.4 per cent less than the Rs 76.61 crore (99.9 per cent of Op Inc) in Q3-2014 and 2.7 per cent less than the Rs 61.91 crore (105 per cent of Op Inc) in Q4-2013.

     

    Producers and distributors share expense in Q4-2014 at Rs 48.93 crore (85.7 per cent of Op Inc) was 29 per cent less than the Rs 68.98 crore (90 per cent of Op Inc) in Q3-2014 and 8.9 per cent less than the Rs 53.73 crore (91.2 per cent of Op Inc) in the fourth quarter of last year.

     

    Other expense for FY-2014 at Rs 30.6 crore (9.9 per cent of Op Inc) was 32.3 per cent more than the Rs 23.12 crore (8.35 per cent of Op Inc). In FY-2013, Mukta Arts reported other expense in Q4-2014 at Rs 6.33 crore (11.1 per cent of Op Inc) was 62.7 per cent more than the Rs 3.89 crore (5.1 per cent of Op Inc) and 30.1 per cent more than the Rs 4.87 crore (8.3 per cent of Op Inc) in Q4-2013.

     

    Finance cost is FY-2104 at Rs 6.64 crore (2.2 per cent of Op Inc) was 16.7 per cent more than the Rs 5.69 crore (2.1 per cent of Op Inc) in FY-2013. Mukta Arts spent Rs1.97 crore (3.45 per cent of Op Inc) towards finance cost, which was 31.5 per cent more than the Rs 1.5 crore (1.95 per cent of Op Inc) in Q3-2014 and 53.7 per cent more than the Rs 1.28 crore (2.2 per cent of Op Inc) in Q4-2013.

     

    Mukta Arts reported depreciation of tangible assets as Rs 7.09 crore (2.3 per cent of Op Inc) in FY-2014, which was 1.3 per cent more than the Rs 6.99 crore (2.5 per cent of Op Inc) in FY-2013. Depreciation for Q3-2014 at Rs1.33 crore (2.3 per cent of Op Inc) was 27.1 per cent more than the Rs 1.05 crore (1.4 per cent of Op Inc) in Q3-2014 and was 32.7 per cent more than the Rs1 crore (1.7 per cent of Op Inc) in Q4-2013.

     

    Operating Results for the quarters were: Q4-2014 – loss of Rs 33.5 crore; Q3-2014 – Profit of Rs 0.92 crore; Q4-2013 loss of Rs 2.49 crore.

  • Hathway FY-2014 Operating Income up 40 per cent; reports loss of Rs 141 crore

    Hathway FY-2014 Operating Income up 40 per cent; reports loss of Rs 141 crore

    BENGALURU: Indian Multi System Operator (MSO) Hathway Cable & Datacom Limited (Hathway) reported a jump of 39.8 per cent in consolidated net Total Operating Income (Op Inc) to Rs 1583.25 crore in FY-2014 as compared to the Rs 1132.52 crore in FY-2013. The company reported a loss of Rs 140.69 crore in the current year as opposed to a PAT of Rs 37.59 crore in the previous fiscal.

     

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

     

    (2) Annual figures are on a consolidated basis.

     

    The company’s Operating EBIDTA (without other income) in FY-2014 at Rs 309.8 crore (19.57 per cent of Tot Inc) was 13.1 per cent more than the Rs 273.84 crore (24.3 per cent of Op Inc) in FY-2013. Operating EBIDTA in Q4-2014 at Rs 40.70 crore (13.9 per cent of Op Inc) was 10.8 per cent more than the Rs 36.74 crore (15.65 per cent of Op Inc) in Q3-2014 but less than half (46 per cent) of the year ago quarter’s EBIDTA of Rs 88.48 crore (38.3 per cent of Op Inc).

     

    For Q4-2014, Hathway reported Op Inc of Rs 292.72 crore which was 24.7 per cent higher than the Rs 234.78 crore in the quarter ended 31 December 2013 and 26.6 per cent lower than the Rs 231.18 crore in the year ago quarter Q4-2013.

     

    Let us look at the other FY-2014 and Q4-2014 numbers reported by Hathway.

     

    Hathway reported consolidated Total expense (Tot Exp) in FY-2014 at Rs 1572.75 crore (99.3 per cent of Op Inc), 53.5 per cent higher than FY-2013 Tot Exp of Rs 1024.74 crore (90.5 per cent of Op Inc). Q4-2014 Tot Exp at Rs 313.53 crore (107.1 per cent of Op Inc) was 23.4 per cent more than the Rs 254.03 crore (108.2 per cent of Op Inc) in Q3-2014 and 67.8 per cent more than the Rs 186.89 crore (80.8 per cent of Op Inc) in Q4-2013.

     

    A major expense for Hathway is Pay Channel Cost. The company paid Rs 666.42 crore (42.1 per cent of Op Inc) in FY-2014 towards this head, which was 54.1 per cent more than the Rs 432.51 crore (38.19 per cent of Op Inc) in FY-2013. Hathway paid Rs 115.41 crore (39.4 per cent of Op Inc) in Q4-2014 towards pay channel cost, which was 37.85 per cent more than the Rs 83.72 crore (35.7 per cent of Op Inc) in the immediate trailing quarter and more than double (2.33 times) the Rs 49.50 crore (21.41 per cent of Op Inc) in Q4-2013.

     

    Hathway’s Stock-in-trade purchase (Stock Pur) more than doubled in FY-2014 (went up by 2.23 times) to Rs 13.85 crore (0.87 per cent of Op Inc) from Rs 6.20 crore (0.55 per cent of Op Inc) in FY-2013. Stock Pur in Q4-2014 at Rs 10.25 crore (3.5 per cent of Op Inc) was more than 8 times (8.36 times) the Rs 1.23 crore (0.52 per cent of Op Inc) in Q3-2014 and 6.28 times the Rs 1.63 crore (0.71 per cent of Op Inc) in Q4-2013.

     

    The company’s results during the quarters were: Q4-2014 – Loss of Rs 49.27 crore; Q3-2014 – loss of Rs 36.86 crore: Q4-2013 – PAT of Rs 28.27 crore.

  • FY-2014: Network18 Media operations segment reports operating profit of Rs 56 crore

    FY-2014: Network18 Media operations segment reports operating profit of Rs 56 crore

    BENGALURU:  Network18 Media and Investments Limited (Network18) Media Operations segment reported an operating profit of Rs 55.77 crore in FY-2014 as compared to a loss of Rs 151.09 crore in FY-2013. The segment reported a revenue of Rs 2,562.49 crore in FY-2014, 17.35 per cent more than the Rs 2,183.66 crore in FY-2013.

     

    Overall, in FY-2014, Network18 has reported a loss of Rs 36.77 crore, much lower than the loss of Rs 105.46 crore in FY-2013. Consolidated revenue in FY-2014 at Rs 2,682.39 crore was 13 per cent more than the Rs 2,382.69 crore in FY-2013.

     

    Note :  100,00,000=100 Lakh = 1 crore = 10 million.

     

    Network18 managing director Raghav Bahal said, “We are enthused by the turnaround performance of Network18 for this financial year. All our businesses have delivered strong  operating performances and contributed positively to achieve a new milestone in operating profits this year, despite the continued uncertainty in the macro-economic environment. We are confident of sustaining our growth trajectory, as we continue to extract value from our existing operations as well as profitably grow our newer initiatives.”

     

    Let us look at the FY-2014 and Q4-2014 numbers reported by Network18

     

    The company reported a 1.47 per cent growth in Total Income from Operations at Rs 738.32 crore in Q4-2014 as compared to the Rs 727.59 crore in the immediate trailing quarter and 8.66 per cent more than the Rs 679.49 crore in the year ago quarter Q4-2013.

     

    Network18 reported a consolidated loss of Rs 4.12 crore in Q4-2014, much lower than the loss of Rs 11.72 crore in Q3-2014 and as against a profit of Rs 0.47 crore in Q4-2013.

     

    The company’s Total Expense (Tot Exp) for FY-2014 at Rs 2695.58 crore (100.12 per cent of Total Income from operations) was 7.14 per cent more than the Rs 2515.98 crores (105.59 per cent of Total Income from operations) in FY-2014. Total Expenditure for Q4-2014 at Rs 726.07 crore (98.34 per cent of Total Income from operations) was 5.6 per cent more than the Rs 687.59 crore (94.5 per cent of Total Income from operations) in Q3-2014 and 6.25 per cent more than the Rs 683.35 crore in Q4-2013.

     

    Network18’s programming cost in FY-2014 at Rs 522.47 crore (19.41 per cent of Total Income from operations) was 7.81 per cent more than the Rs 484.63 crore (20.34 per cent of Total Income from operations) in FY-2013. Programming cost in Q4-2014 at Rs133.82 crore (18.13 per cent of Total Income from operations) was 14.18 per cent lower than the Rs 155.94 crore (21.43 per cent of Total Income from operations) in Q3-2014 and 25.08 per cent more than the Rs 106.99 crore (15.75 per cent of Total Income from operations) in Q4-2013.

     

    The company has brought down its finance costs to less than half (by 54.97 per cent) in FY-2014 at Rs122.47 crore (4.55 per cent of Total Income from operations) as compared to the Rs 271.98 crore (11.41 per cent of Total Income from operations) in FY-2013. Finance cost in Q4-2014 at Rs 32.08 crore (4.35 per cent of Total Income from operations) was 3.94 per cent more than the Rs 30.87 crore (4.24 per cent of Total Income from operations) in Q3-014 and 17.6 per cent lower than the Rs 38.93 crore (5.73 per cent of Total Income from operations) in Q4-2013.

     

    The company’s Film Production and Distribution (Film) segment reported a fall in revenue of 41.32 per cent to Rs101.77 crore in FY-2014 from Rs 173.43 crore in FY-2013. Network18’s film segment reported a negative revenue of Rs 14.61 crore in Q4-2014 as compared to Rs 35.53 crore in Q3-2014 and Rs 38.93 crore in Q4-2013.

     

    Film segment reported an operating loss of Rs 24.30 crore in FY-2014 as compared to a minor loss of Rs 0.42 crore in FY-2013. The loss in Q4-2014 at Rs 4.59 crore was much lower than the loss of Rs 14.28 crore in Q3-2014. Film segment had reported an operating profit of Rs 6.16 crore in Q4-2013.

     

    Here is what the company has to say:

     

    Note:  Reported results are inclusive of the financial consolidation of ETV News (100 per cent) and ETV Entertainment (50 per cent) from 22 Jan 2014 till 31 March 2014. On 22 Jan 2014, post receipt of required regulatory approvals, TV18 completed the acquisition of the ETV channels – 100 per cent of ETV News, 50 per cent of ETV Entertainment and 24.5 per cent of ETV Telugu. In accordance with the accounting policies, ETV News and ETV Entertainment have been consolidated at 100 per cent on a line by line basis (Refer Note No. 7 in the Notes section).

     

    Operating profits (EBITDA) turned around from a loss of Rs 39.3 crore in FY-2013 to a profit of Rs 87.2 crore in FY-2014, led by a consistent increase in profits generated by the television operations and reduction  in operating losses of the digital businesses.

     

    PBT for the year turned around from a loss of Rs 136.9 crore last year to Rs 16 crore this year led by a strong operating performance and a sharp reduction in interest cost from Rs 272 crore last year to Rs 122.5 crore this year.

     

    Reported operating revenue in Q4-2014 was Rs 738.3 crore, up 8.7 per cent YOY. Reported operating profit (EBITDA) in Q4FY14 was Rs 42.3 crores, up from Rs 12.7 crores last year.

     

    Television and Motion Pictures

     

    Reported annual revenues on a consolidated basis are up 15.8 per cent to Rs 1,968.1 crore and operating profits (EBITDA) have nearly doubled to Rs 210.5 crore.

     

    On a consolidated basis, annual advertising revenues grew 11 per cent year on year. Net Distribution Income (NDI) continued its steady climb to close at Rs 178 crores, up from Rs 15.7 crores in FY-2013.

     

    In this financial year, operating profits from our television operations doubled from Rs 114.2 crore to Rs 233.6 crore. General News delivered a 6.9x growth in annual operating profits and grew to Rs 22 crore.

     

    Business News remained stable despite a downturn in the markets and the absence of the Union Budget.

     

    Infotainment broke into positive territory and our Entertainment television business registered a 2.9x growth in operating profits (EBITDA) which stood at Rs108.4 crore.

     

    In Q4-2014, the company successfully launched MTV Indies and Rishtey in the entertainment segment and ETV Bangla, ETV Kannada and ETV Haryana in the regional news segment.

     

     Reported revenues for Q4-2014 stood at Rs 563.3 crore, up 18.7 per cent and operating profits (EBITDA) in Q4-2014 stood at Rs 69.7 crore, up 101 per cent YOY.

     

    Digital content and eCommerce

     

    FY-2014 revenues from the digital content and eCommerce business grew by 32 per cent from Rs 400.9 crore last  year to Rs 530.8 crore this year. Operating losses (EBITDA) of our digital business were steadily  reduced in this financial year from Rs 125.4 crore to Rs 80.6 crore.

     

    In Q4-2014, the company successfully launched ‘FirstBiz’, a business news portal under the ‘FirstPost’ stable and ‘News18.com’, a web, mobile and tablet service which focuses on local news at the state and city level.

     

    Q4-2014 revenues from the digital businesses stood at Rs 149.4 crore and grew by 35 per cent over the last year.

     

    Network18 CEO B Saikumar said, “All our broadcast operations continued to show improvement in margins. IndiaCast has delivered a stellar swing in net distribution income. Our General news operations have turned around this year, due to a strong focus on operational efficiency. Infotainment operations at A+E Networks I TV18 broke into positive territory. Our broadcast entertainment business at Viacom18 grew profitably. Our digital businesses displayed encouraging revenue growth, successfully launched FirstBiz and News18.com and narrowed operating losses. We are focused on sustaining our strong performance in the coming year.”

  • 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. 

  • HT Media PAT up 24 per cent in FY-2014; Radio operating results triple

    HT Media PAT up 24 per cent in FY-2014; Radio operating results triple

    BENGALURU: HT Media Limited (HT Media) reported a 23.79 per cent jump in PAT in FY-2014 to Rs 207.53 crore (9.43 per cent of Total Operating Income or Tot Inc) as compared to the Rs 167.65 crore (8.18 per cent of Tot Inc) in FY-2013. The company’s radio segment reported a tripling (2.83 times) of operating results to Rs 20.96 crore in FY-2014 as compared to the Rs 7.40 crore in FY-2013. This segment seems to be going from strength to strength as it had reported a negative result of Rs (-4.38) crore in FY-2012.

     

    In Q4-2014, the radio segment result at Rs.4.81 crores was (-38.25) per cent lower than the Rs.7.79 crores in Q3-2014 and 4.58 times the Rs 1.05 crore in Q4-2013.

     

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  • Symphony selling & distribution expenses in Q4-2014 flat, could see upsurge in Q1-2015

    Symphony selling & distribution expenses in Q4-2014 flat, could see upsurge in Q1-2015

    BENGALURU: Evaporative air cooler manufacturer, Symphony, spent Rs 19.09 crore (16.42 per cent of Income from Operations or Inc from Ops) towards selling and distribution expenses (Sel & Dist Exp) in Q4-2014, almost the same as the Rs 19.14 crore (16.05 per cent of Inc from Ops) in Q3-2014. Y-o-y, Symphony’s Sel & Dist Exp in Q4-2014 increased 25.59 per cent from Rs.15.2 crores (17.31 per cent of Inc from Ops) in Q4-2013.

    Please note that (1) The company’s accounting year ends on 30 June every year, but in keeping with the convention in India, quarter ended 30 June has been referred to as Q1, quarter ended 30 September as Q2, quarter ended 31 December as Q3 and quarter ended 31 March as Q4 of each respective year in this report.

    (2) 100,00,000=100 Lakh = 1 crore

    (3) All trends mentioned in this report are linear trends based on data across nine quarters starting Q4-2012 and ending Q4-2014 and across FY-2011 to FY-2013.

    In its  corporate presentation, Symphony says that it incurs the highest ad spends in the air cooler category in India and that it has been advertising through television, radio, print, BTL since 1990 and on the internet since 2010. Fig 1 below indicates that the company’s Sel & Dist Exp shows a downward trend as percentage of Inc from Ops across nine quarters starting Q4-2012 and ending Q4-2014.

    However, in terms of absolute value, with the increase in Inc from Ops across their nine quarters, the trend towards higher spends in absolute value is upwards.

    Across three financial years starting FY-2011 to FY-2013, Sel & Dist Exp for Symphony show as upward trend both in absolute rupees as well as Sel & Dist Exp as percentage of Inc from Ops, as is evident from Fig 1A below. Across the nine quarters under consideration, Symphony’s average Sel & Dist Exp is 18 per cent of Inc from Ops, so Q3-2014 and Q4-2014 spends are definitely  below par. However, the company says that its business is seasonal and maybe based on the numbers reported for Q1 -2014 and Q4-2014, a splurge in Sel & Dist Exp could happen in Q1-2015.

    Symphony’s Inc from Ops as well as PAT show as upward trend across the 9 quarters in question as is evident from Fig 2 below.

     

  • Colgate ups ad spend by 22 per cent during Q3-2014

    Colgate ups ad spend by 22 per cent during Q3-2014

    BENGALURU: Consumer products major and one of the largest advertisers in its segment in the country, Colgate-Palmolive (India) spent 21.64 per cent more towards advertising expense during Q3-2014 at Rs 121.46 crore as compared to the Rs 99.85 crore during the corresponding quarter of last year. Also, its Q3-2014 ad spend was 1.67 per cent higher than the Rs 119.47 crore during the immediate trailing quarter.

     

    During the nine month period ended December 31, 2013, Colgate spent Rs 343.32 crore towards advertising. This ad spend was 25.99 per cent higher than the Rs 272.49 crore the company spent during the corresponding nine month period of last fiscal. During FY 2013, the company spent Rs 354.59 crore towards advertising.

     

    Colgate’s revenue for Q3-2014 at Rs 891.11 crore was 13.7 per cent higher than the Rs 783.77 crore during Q3-2013, but 1.07 per cent lower than the Rs 900.73 crore during the immediate preceding quarter. Revenue during the nine month period ended December 31, 2013 at Rs 2651.53 crore was 13.69 per cent more than the Rs 232.28 crore during the corresponding period of last year. Colgate’s revenue for FY 2013 was Rs 3163.81 crore.

     

    Ad spends as percentage of total revenue during the various periods were: 13.63 per cent in Q3-2014; 12.74 per cent in Q3-2013; 13.26 per cent in Q2-2014; 12.95 per cent for the nine month period ended December 31, 2013; 11.68 per cent for the nine month period ended December 31, 2012 and 11.21 per cent of the total revenue during FY 2013.

     

    Colgate’s PAT for Q3-2014 at Rs 112.83 crore was 1.6 per cent higher than the Rs 111.05 crore during Q3-2013 and 3.02 per cent higher than the Rs 109.52 crore during Q2-2014. Colgate had paid a First Interim Dividend of Rs 122.39 crore (Rs 9 per share having face value of Re 1) in November 2013 and Second Interim Dividend of Rs 122.39 crore (Rs 9 per share having face value of Re 1) in December 2013.

     

    Some of Colgate’s major brands include its oral care brand Colgate; personal care brand Palmolive and household care brand Axion.