ITV

Tag: FY 2018

  • Sun TV declares interim dividend as numbers jump in first quarter

    Sun TV declares interim dividend as numbers jump in first quarter

    BENGALURU: Sun TV Network Limited (Sun TV) reported improved numbers across all important parameters for the quarter ended 30 June 2018 (Q1 2019, quarter or period under review) as compared to the corresponding quarter of the previous year (Q1 2018). The company reported 40.8 percent higher year on year (y-o-y) standalone total income in the quarter under review at Rs 1,159.39 crore as compared to Rs 823.38 crore in Q1 2018. Standalone operating revenue increased 42.5 percent y-o-y to Rs 1,120.39 crore in Q1 2019 from Rs 786.32 crore in Q1 2018.The board of directors of the company has declared an interim dividend of 100 percent or Rs 5 per equity share of face value of Rs 5 each.

    The company has stated in its earnings release that standalone subscription revenue at Rs 311.27 crore was up 15 percent y-o-y.

    The company’s standalone profit after tax or PAT in Q1 2019 improved 62.6 percent y-o-y to Rs 409.14 crore as compared to Rs 251.64 crore in Q1 2019.

    Sun TV standalone EBIDTA in Q1 2019 was Rs 731.74 crore (65.6 percent of operating revenue), 63.9 percent higher as compared to Rs 448.36 crore (57 percent of operating revenue) in Q1 2018.

    Total Expenditure (TE) during the period under review increased 20.7 percent y-o-y to Rs 532.71 crore as compared to Rs 441.5 crore in the corresponding quarter of the previous year.

    Operating expense in Q1 2019 increased 18.4 percent y-o-y to Rs 80.90 crore from Rs 68.34 crore in the corresponding quarter of the previous year. Employee Benefits Expense in Q1 2019 increased 24.5 percent y-o-y to Rs 85.16 crore as compared to Rs 64.42 crore in Q1 2018. Other expenses (OE) in the Q1 2019 increased 28.1 percent to Rs 148.29 crore as compared to Rs 115.75 crore in the corresponding quarter of the previous year.

    SunRisers Hyderabad adds to operating profits of Sun TV

    Su TV paid 16.6 percent lower IPL Franchisee Fees during the quarter under review at Rs 71.33 crore as compared to Rs 85.48 crore in Q1 2018. Sun TV’s IPL franchise has turned operationally profitable as per the notes in Sun TV’s financial statement. The company has included income of Rs 385.92 crore from Sun Risers Hyderabad and costs incurred on it of Rs186.66 crore in Q1 2019. Corresponding numbers for Sun Risers Hyderabad for year ago quarter were income of Rs 143.10 crore and costs of Rs 165.50.

  • UFO Moviez board recommends 125% dividend for fiscal 2018

    UFO Moviez board recommends 125% dividend for fiscal 2018

    BENGALURU: The board of directors of Indian digital cinema distribution network and in-cinema advertising platform UFO Moviez Ltd (UFO) has mooted a dividend of Rs 12.50 (125 per cent) per equity share of face value of Rs 10 each subject to shareholder approval for the year ended 31 March 2018 (FY 2018, year or fiscal under review). UFO says that this dividend including dividend distribution tax translates to 68 per cent of its FY 2018 consolidated PAT.

    UFO reported almost flat (up 0.8 per cent) consolidated PAT for FY 2018 at Rs 60.64 crore as compared to Rs 60.13 crore in the previous fiscal. Total comprehensive income or TCI for the fiscal under review increased 3.2 per cent to Rs 60.35 crore from Rs 58.50 crore in FY 2017. Simple EBITDA including other income for FY 2018 declined 7.5 per cent to Rs 172.93 crore (29 per cent of total revenue) from Rs 186.89 crore (31.1 per cent of total revenue) in the previous year.

    UFO’s operating revenue in the fiscal under review was almost flat (reduced 0.8 per cent) at Rs 594.03 crore as compared to Rs 598.95 crore in FY 2017. Total revenue declined 0.6 per cent in FY 2018 to Rs 596.96 crore from Rs 600.65 crore in FY 2017. In its earnings press release, UFO says that advertisement revenue grew by 19.3 per cent to Rs 213.6 crore (In FY 2017 it was Rs 179 crore) million. Average advertisement minutes sold per show per screen grew to 5.19 per cent (FY 2017 – 4.34) minutes during FY 2018.

    Total expenditure in FY 2018 increased 2.5 per cent to Rs 424.03 crore from Rs 413.76 crore in the previous year. Purchase of digitalcinema and lamps in the year under review was flat at Rs 67.56 crore as compared to R 67.57 crore in FY 2017. Ad revenue share expense in FY 2018 increased 26 per cent to Rs 65 crore from Rs 51.58 crore in the previous fiscal. Virtual print fees sharing expense in FY 2018 reduced 28 per cent to Rs 52.36 crore from Rs 72.72 crore in FY 2017. Other operating direct costs in FY 2018 increased 2.4 per cent to Rs 55.22 crore from Rs 53.40 crore in FY 2017. Employee benefit expense in FY 2018 increased 3.2 per cent to Rs 83.70 crore from Rs 81.12 crore in FY 2017. Other expenses in the year under review increased 11.3 per cent to Rs 94.81 crore from Rs 85.15 crore in FY 2017.

    Company speak:

    “UFO ended fiscal 2018 on a strong note by delivering robust advertisement revenues,” said UFO founder and managing director Sanjay Gaikwad. “Growing advertisement contribution to overall profitability minimised the impact of planned reduction in D-Cinema VPF revenue. Additionally, the Scheme of Arrangement and Amalgamation between UFO and Qube is progressing as per schedule and is currently awaiting requisite approvals from regulatory bodies. We are extremely excited about the future of the merged entity and the opportunities across in-cinema advertising. Also, the board recommended an enhanced dividend of Rs 12.5 per equity share in fiscal 2018. This marks the third consecutive dividend in line with UFO’s shareholder value creation philosophy. Going forward, we will continue to achieve our goals and are confident of delivering long term sustainable growth and shareholder value creation.”

  • Competition, provision for doubtful receivables paint Ortel’s bottom line red

    Competition, provision for doubtful receivables paint Ortel’s bottom line red

    BENGALURU: Higher competitive intensity in the market, delay in collections and issues pertaining to debt repayment are some of the reasons that Indian regional cable and broadband player Ortel Communications Ltd (Ortel) says that it has incurred a loss of Rs 95.28 crore for the year ended 31 March 2018 (FY 2018, year, fiscal under review).

    Ortel president and CEO Bibhu Prasad Rath said, “Our FY 2018 was very challenging for the company due to delay in collections, higher competitive intensity in the marketplace as well as issues pertaining to debt repayment. We have been working on all these parameters with an objective to improve our overall performance in the future. As intimated in the previous quarter, the management reviewed the details of receivables and took a firm step by creating provision of Rs 679.4 million (Rs 67.94 crore) against doubtful receivables. This amount is primarily on account of disruption of services during the process of digitisation and acquisition of local operators. This significantly impacted our P&L in FY 2018.”

    However, Rath is confident of a brighter 2019. He added, “We want to start afresh in FY2019 and restore our business momentum. We have also taken many steps for increasing the net growth of our broadband business. This will result in lesser churn and higher sales thereby increasing our subscriber base and broadband revenue.”

    Segment numbers

    Three segments contribute to Ortel’s revenue. They are cable TV; broadband; and infrastructure leasing. Revenues from both cable TV and broadband segments declined in FY 2018 as compared to FY 2017.

    Ortel’s cable TV segment’s revenue declined 5.1 per cent in fiscal 2018 to Rs 145.41 crore from Rs 153.19 crore. The segment reported an operating loss of Rs 15.54 crore in FY 2018 as compared to an operating profit of Rs 61.48 crore in FY 2017.

    Broadband segment’s revenue declined 35.5 per cent in FY 2018 to Rs 23.16 crore from Rs 35.91 crore in FY 2017. The segment’s operating profit declined to less than a sixth (declined 83.5 per cent) in FY 2018 to Rs 3.13 crore as compared to Rs 18.96 crore in the previous fiscal.

    Ortel’s infrastructure and leasing segment had operating revenue of Rs 11.72 crore in FY 2018 which was 5.6 per cent more than the Rs 11.10 crore in FY 2017. The segment’s operating profit declined 15.5 percent in FY 2018 to Rs 8.92 crore from R 10.55 crore in FY 2017.

    Let us look at the other numbers reported by Ortel

    Ortel operating revenue for the year under review declined 9.4 per cent in FY 2018 to Rs 184.04 crore as compared to Rs 203.21 crore in the previous year. Total income including other income for fiscal 2018 reduced 10.1 per cent to Rs 186.20 crore as compared to Rs 207.07 crore in the previous fiscal. The company incurred an operating loss (negative EBITDA including other income) of Rs 34.85 crore in FY 2018 as compared to a positive EBITDA including other income of Rs 53.88 crore in the previous fiscal. As mentioned above, net loss for the period under review was Rs 95.28 crore as compared to a profit after tax of Rs 0.50 crore in FY 2017.

    Ortel’s total expenditure in FY 2018 declined two per cent to Rs 202.63 crore from Rs 206.81 crore in fiscal 2017. Programming costs increased 17.7 per cent in FY 2018 to Rs 45.26 crore from Rs 38.45 crore in FY 2017. Bandwidth costs in the year under review increased 6.1 per cent to Rs 18.03 crore from Rs 16.99 crore. Finance costs in FY 2018 increased 9.7 per cent to Rs 29.19 crore from Rs 26.62 crore in FY 2017.

    Also Read: Ortel takes on competition with new broadband plans

    Ortel to issue shares worth Rs 8.75 cr to promoters

    Ortel to move broadband business to new entity

  • Den Networks reports higher revenue, operating profit

    Den Networks reports higher revenue, operating profit

    BENGALURU: Indian multi system operator (MSO) Den Networks (Den) reported growth in revenue and operating profit (EBITDA) for the quarter ended 31 March 2018 (FY 2018, fiscal 2018, year under review) as compared to the previous year FY 2017. Den’s operating revenue for fiscal 2018 increased 11 per cent to Rs 1,285.10 crore from Rs 1,157.34 crore in FY 2017. Total consolidated revenue including other income grew 9.7 per cent in FY 2018 to Rs 1,314.98 crore from Rs 1,198.67 crore in FY 2017. Consolidated simple EBITDA including activation revenue during the year under revenue increased 41.7 per cent to Rs 324.52 crore (25.3 per cent of revenue from operations) from Rs 229.01 crore (19.8 per cent of revenue from operations).

    The company’s net consolidated loss for FY 2018 reduced to Rs17.11 crore, which was less than a tenth of the loss of Rs 187.76 crore in the previous year. Consolidated total comprehensive loss for the year declined to Rs 16.77 crore from Rs 187.24 crore in FY 2017.

    Segment revenue

    The company has two segments – cable distribution networks (cable); and broadband. Cable segment revenue increased 12.5 per cent in FY 2018 to Rs 1,209.75 crore from Rs 1,075.54 crore in FY 2017. Den reported that segment had an operating profit of Rs 61.63 crore as compared to an operating loss of Rs 60.98 crore in FY 2017.

    Den reported 7.9 per cent decline in operating revenue for its broadband segment in FY 2018 at Rs 73.75 crore as compared to Rs 81.80 crore in the previous year. The segment’s operating loss reduced to Rs 31.91 crore in FY 2018 from Rs 36.31 crore in FY 2017.

    Let us look at the other numbers reported by Den

    Consolidated total expenditure for the year was almost flat – it increased by 0.1 per cent in FY 2018 to Rs 1,321.43 crore (102.8 per cent of operating value) from Rs 1319.79 crore (114 per cent of operating value) in the previous year. The company has seen a rise in content cost in actual value as well as in terms of percentage of operating revenue over the past quarters and fiscal 2018. Consolidated content cost increased 14.1 per cent in FY 2018 to Rs 539.80 crore (42 per cent of operating revenue) as compared to Rs 473.28 crore (40.9 per cent of operating revenue) in the previous fiscal. Consolidated placement fees reduced 7.9 per cent in FY 2018 to Rs 46.21 crore (3.6 per cent of operating revenue) from Rs 50.20 crore (4.3 per cent of operating revenue).

    Consolidated employee benefits expense during the year under review declined 12.5 per cent to Rs 107.99 crore (8.4 per cent of operating value) from Rs 123.37 crore (10.7 per cent of operating value) in FY 2017. Consolidated other expenses in 2018 reduced 5.7 per cent to Rs 312.79 crore (24.3 per cent of operating value) in FY 2018 from Rs 331.68 crore (28.7 per cent of operating value) in the previous year.

    Also Read :

    Aim to take phase 3 ARPU to phase 1 value: Den Networks’ SN Sharma

    DEN expands broadband services; plans Rs 100 cr capex

  • Siti Networks revenue, operating profit up in fiscal 2018

    Siti Networks revenue, operating profit up in fiscal 2018

    BENGALURU: Backed by higher subscription revenue and a 95 per cent collection efficiency, Indian multi-system operator (MSO) Siti Networks Ltd (Siti) posted 16.8 per cent higher consolidated total income for the year ended 31 March 2018 (FY 2018, year under review) as compared to the previous fiscal year FY 2017. Siticable has clarified that the revenue numbers for FY 2017 reflect gross billing that included LCO share to the extent of Rs 16-17 crore. Based on a figure of Rs 16 crore, Siticable’s consolidated total income for fiscal 2018 grew 18.4 percent as compared to the previous year.

    Siticable’s operating profit (simple EBITDA including activation revenue) for FY 2018 increased 52.1 per cent as compared to FY 2017. Total comprehensive loss (TCL) for the year was lower as compared to the previous year. It must be noted that all numbers mentioned in this report are consolidated unless stated otherwise.

    Siti’s consolidated total income in FY 2018 was Rs 1,426.37 crore as compared to Rs 1220.81 crore in FY 2017. Consolidated operating revenue in fiscal 2018 increased 18 per cent to Rs 1,410.40 crore from Rs 1,194.92 crore in FY 2017. Siti’s consolidated operating EBITDA (including activation revenue) during the year under review increased 52.1 per cent to Rs 308.55 crore (21.9 per cent of operating revenue) from Rs 202.81 crore (17 per cent of operating revenue) in FY 2017. The company reports that excluding activation revenue, operating EBITDA in FY 2018 grew 2.6 times to Rs 151 crore as compared to Rs 59 crore in the previous year. EBITDA including other income and activation fee in FY 2018 grew 41.9 per cent to Rs 324.52 crore (22.8 per cent of total income) from Rs 228.70 crore (18.7 per cent of total income) TCL including non-controlling interest during the year under review was lower at Rs 169.51 crore as compared to Rs 179.01 crore in FY 2017.

    Siti claims that it added industry leading 3.1 million (0.31 crore or 31 lakh) digital cable households in FY 2018 taking its active digital subscriber base to 11.5 million (1.15 crore or 115 lakh). Siti says in its earnings release that subscription revenue in FY 2018 increased 41 per cent y-o-y to Rs 800 crore and was the main driver for revenue growth.  

    Let us look at the other numbers reported by Siti

    Siti’s consolidated total expenditure (TE) increased 15.2 per cent in FY 2018 to Rs 1,567.56 crore from Rs 1,360.74 crore in fiscal 2017. Adjusting the Rs 16 crore payout to LCOs in FY 2017, TE in FY 2018 increased 16.6 per cent as compared to FY 2017. Carriage sharing, pay channels and related costs are the highest expense head for the company. Carriage sharing, pay channels and related costs in FY 2018 increased 6.8 per cent to Rs 637.90 crore from Rs 597.13 crore in FY 2017. Employee benefit expense during the year under review increased 8.6 per cent to Rs 90.49 crore from Rs 83.29 crore in the previous year. Other expense in fiscal 2018 increased 25.3 per cent to Rs 370.13 crore from Rs 295.47 crore in FY 2017.

    Company speak

    While commenting on the results, Siti chief business transformation officer, Rajesh Sethi said, “We at Siti are proud of our performance for this past year as we enter FY 2019 with significant momentum. In FY 2018 we have achieved strong operational and financial results while also delivering superlative customer experience and must-see content to our approximately 55 million strong consumer base across the country. Our continued focus on customer experience drove exceptional EBITDA growth (2.6x) coupled with industry leading subscriber additions (3.1 million, 0.31 crore, 31 lakh).”

    “We continue to maintain our steady increase in customer additions, driving efficiencies through war on waste, balanced with solid EBITDA growth and expanding margins. We continue to transform into a process driven organisation with customer experience at its heart. As we achieve more from less, our year-over-year growth rates of revenue and EBITDA continue to accelerate, which is a testament of our transformation efforts across SITI,” added Sethi.

  • NDTV reports lower operating loss for fiscal 2018

    NDTV reports lower operating loss for fiscal 2018

    BENGALURU: The Prannoy and Radhika Roy-led New Delhi Television Ltd (NDTV) reported lower consolidated operating loss for the year ended 31 March 2018 (FY 2018, year under review) as compared to the corresponding periods of the previous fiscal. The company has brought down its expenses during the year under review across major parameters such as employee costs, production expenses and cost of services, operating and administration expenses, marketing promotion and distribution expenses as compared to the previous year.

    NDTV reported 12.4 per cent decline in consolidated operating revenue for FY 2018 at Rs 429.01 crore as compared to Rs 489.99 crore in FY 2017. Consolidated total revenue declined 12.3 per cent in FY 2018 to Rs 439.71 crore from Rs 501.45 crore in the previous year. Consolidated operating loss (EBITDA) in FY 2018 at Rs 35.97 crore was lower than the consolidated operating loss of Rs 42.32 crore in fiscal 2017. Total comprehensive loss (TCL) for the fiscal under review was slightly lower at Rs 84.35 crore as compared to Rs 86.18 crore in FY 2017.

    The company suffered a consolidated operating loss  for the fourth quarter ended 31 March 2018 at  Rs 9.45 crore as compared to a consolidated operating profit of Rs 16.63 crore (11.4 per cent of operating revenue) in the corresponding year ago quarter Q4 2018. NDTV reported consolidated TCL of Rs 20.40 crore during the quarter under review as compared to a consolidated total comprehensive income of Rs 7.14 crore in Q4 2017.Consolidated operating revenue in Q4 2018 fell 25.7 per cent yoy to Rs 108.40 crore as compared to Rs 145.92 crore in Q4 2017.

    Let us look at the other consolidated numbers reported by NDTV

    Total expense in FY 2018 reduced 12.5 per cent to Rs 501.06 crore from Rs 572.55 crore in the previous year. Production expenses and cost of services reduced 23.3 per cent in FY 2018 to Rs 83.64 crore from Rs 109.05 crore in FY 2017. Employee benefit expense during the year under review reduced 9.5 per cent in fiscal 2018 to Rs 212.59 crore from Rs 234.90 crore in the previous year. Operation and administration expense reduced 7.5 per cent in FY 2018 to Rs 106.61 crore from Rs 115.30 crore in FY 2017. Marketing, promotion and distribution expense during the year under review reduced 14.9 per cent to Rs 62.14 crore from Rs 72.06 crore in FY 2017.

    Also Read:

    NDTV to reduce workforce by up to 25%

    NDTV puts top management in place

  • Sun TV FY 2018, Q4 numbers grow

    Sun TV FY 2018, Q4 numbers grow

    BENGALURU: Sun TV Network Ltd (Sun TV) reported improved numbers across all important parameters for the year ended 31 March 2018 (FY 2018, year or the year under review) as compared with the previous year (FY 2017). The company reported 10.9 per cent higher consolidated total income of Rs 3,105.29 crore as against Rs 2,799.52 crore in FY 2017. Consolidated operating revenue increased by 12 per cent to Rs 2,963.02 crore from Rs 2,645.72 crore.

    The company has stated in its earnings release that standalone subscription revenue at Rs 1,141.21 crore was up 18.7 per cent as against Rs 961.41 crore in the previous year. Advertisement revenue in the year under review was up by around 12 per cent year on year (yoy) at Rs 1,309.33 crore.

    Consolidated FY 2018 numbers

    The company’s consolidated profit after tax (PAT) in FY 2018 improved by 10.2 per cent to Rs 1,135.31 crore as against Rs 1,030.66 crore in FY 2017.

    Sun TV’s consolidated EBITDA for the year under review was Rs 2,003.76 crore (67.6 per cent of operating revenue), 13.2 per cent higher as against Rs 1,769.84 crore (66.9 per cent of operating revenue) in FY 2017.

    Consolidated total expenditure (TE) in FY 2018 increased by 10.4 per cent to Rs 1,410.33 crore as compared with Rs 1,276.36 crore in the previous year. Operating expense in FY 2018 rose by 29.6 per cent to Rs 302.86 crore from Rs 233.77 crore in the previous year. Employee benefits expense in FY 2018 increased by 15 per cent to Rs 314.54 crore as against Rs 273,51 crore in FY 2017. Other expenses (OE) in FY 2018 were 9.4 per cent lower at Rs 256.38 crore as compared with Rs 283.12 crore in the previous year.

    Sun TV has paid franchisee fees for its IPL team Sun Risers Hyderabad (SRH) of Rs 85.48 crore in Q1 2018 and Q1 2017.

    Standalone Q4 2018 numbers

    Sun TV reported improved numbers across all important parameters for the quarter ended 31 March 2018 (Q4 2018, the quarter under review) as compared with the corresponding quarter of the previous year (yoy, Q4 2017). The company says in its earnings release that subscription revenue for the quarter increased by 27.7 per cent yoy to Rs 308.84 crore from Rs 241.94 crore.                   

    Sun TV reported 21.6 per cent higher standalone total income in the quarter under review at Rs 753.79 crore as compared to Rs 619.85 crore in Q4 2017. Operating revenue increased 23.1 per cent yoy to Rs 716.95 crore in Q4 2018 from Rs 582.50 crore in Q4 2017.

    The company’s profit after tax or PAT in Q4 2018 improved 22.8 per cent to Rs 289.76 crore as compared to Rs 235.91 crore in Q4 2017.

    Sun TV EBITDA in Q4 2018 was Rs 522.40 crore (72.9 per cent of operating revenue), 32.7 per cent higher as compared to Rs 393.64 crore (67.6 per cent of operating revenue) in Q2 2017.

    Total expenditure (TE) in Q4 2018 increased 18.3 per cent to Rs 314.47 crore as compared to Rs 265.72 crore in the corresponding quarter of the previous year.

    Operating expense in Q4 2018 increased 17.8 per cent yoy to Rs 72.73 crore from Rs 61.74 crore in the corresponding quarter of the previous year. Employee benefits expense in Q4 2018 increased 18.4 per cent to Rs 76.09 crore as compared to Rs 64.28 crore in Q4 2017. Other expenses (OE) in the Q4 2018 reduced 27.2 per cent to Rs 45.73 crore as compared to Rs 62.84 crore in the corresponding quarter of the previous year.

  • Zee Learn numbers up

    Zee Learn numbers up

    BENGALURU: The Essel group’s educational arm, Zee Learn Ltd (Zee Learn), reported 47.9 per cent growth in total revenue and 89.1 per cent growth in EBITDA including other revenue for the year ended 31 March 2018 (FY-2018, year under review) as compared to FY-2017. Zee Learn reported total revenue of Rs 272.54 crore for FY-2018 as compared to Rs 184.28 crore in FY-2017. EBITDA for the year under review was Rs 105.79 crore (38.8 per cent margin) as compared to Rs 55.93 crore (30.4 per cent margin) in FY-2017.

    Profit after tax (PAT) for FY-2018 was 47.1 per cent higher at Rs 49.28 crore as compared to Rs 33.51 crore in FY-2017. Total comprehensive income in FY-2018 was Rs 49.40 crore, 47.1 per cent higher than the Rs 33.59 crore in the previous fiscal.

    Zee Learn has three segments education and related services (ERS); construction and leasing (for education) (C&L); and manpower and training (M&T), a segment that started in FY-2018. ERS segment contributed a lion’s share to the company’s numbers. Revenue for ERS segment in FY-2018 was Rs 186.34 crore as compared to Rs 160.45 crore in FY-2017. The segment had an operating profit of Rs 82.77 crore in FY-2018 as compared to Rs 47.39 crore in FY-2017.

    C&L segment had revenue of Rs 29.57 crore in FY-2018 as compared to Rs 20.04 crore in FY-2017. C&L operating profit for the year under review was Rs 6.18 crore as compared to Rs 1.95 crore in FY-2017. M&T segment had revenue of Rs 53.50 crore and an operating profit of Rs 2.02 crore for FY-2018.

    Total expense in FY-2018 at Rs 196.98 crore was 24 per cent higher than the Rs 158.87 crore in FY-2017. Operational cost at Rs 5.12 crore was 56.1 per cent higher than Rs 3.28 crore in the previous year. Employee benefit expense in the year under review was 168.1 per cent higher at Rs 78.79 crore as compared to Rs 29.39 crore in FY-2017. Other expense in FY-2018 at Rs 26.66 crore was 27.8 per cent lower than Rs 36.93 crore in FY-2017.

    Also Read :

    No deal yet with MT Educare: Zee Learn

    Zee Learn PAT more than doubles for FY-17

  • Higher numbers push up financials; ‘Padmaavat’ top grosser for PVR

    Higher numbers push up financials; ‘Padmaavat’ top grosser for PVR

    BENGALURU: Higher box office, food and beverages (F&B) and sponsorship revenues, higher occupancy, higher average ticket prices (ATP) have helped push up Indian exhibitor PVR Ltd’s (PVR) overall numbers for the quarter and year ended 31 March 2018 (Q4-2018, quarter under review, FY-2018, year under review) as compared with the corresponding year ago quarter (Q4-2017) and financial year (FY-2017) respectively. Net box office collections (NBO) at Rs 75.15 crore for Padmaavat, the top grosser for PVR in Q4-2018 were more than double the NBO of the Q4-2017 top grosser Dangal, which had netted Rs 32.23 crore. This was despite lower theatre admits in Madhya Pradesh, Rajasthan, and Gujarat which were impacted due to non-release of Padmaavat in these states, says the company.

    PVR reported 19 per cent yoy increase in consolidated revenue for the quarter under review at Rs 572.88 crore as compared to Rs 483.01 crore in Q4-2017. Profit after tax for Q4-2018 increased to Rs 25.89 crore as compared to Rs 0.01 crore in Q4-2017. EBITDA (including other income) in the quarter under review increased 60 per cent to Rs 101.93 crore from Rs 63.84 crore in the corresponding year ago quarter.

    For FY-2018, the exhibitor reported an eight per cent increase in revenue at Rs 2365.45 crore as compared to Rs 2181.68 crore in FY-2017. PAT for FY-2018 was 29 percent higher at Rs 124.02 crore as compared to Rs 95.84 crore in FY-2017. EBITDA for the year under review increased 15 per cent to Rs 433.17 crore from Rs 375.87 crore in FY-2017.

    Q4-2018 revenue numbers

    Total NBO collections increased 18 per cent yoy in Q4-2018 to Rs 312.40 crore from Rs 264.60 crore. Revenue from F&B increased 22 per cent yoy to Rs 157.10 crore from Rs 128.49 crore. Advertising revenue increased 37 per cent yoy in Q4-2018 to Rs 72 crore from Rs 52.74 crore in Q4-2017. Convenience income declined two per cent yoy to Rs 14.46 crore from Rs 15.72 crore. Other operating income declined 19 per cent yoy to Rs 13.95 crore from Rs 17.24 crore. The company says that other operating income in Q4-2017 included government subsidy of Rs 7.62 crore provided by various state governments. In Q4-2018, this component has not been accounted for on due to lack of clarity on refund mechanism for the tax exemptions under GST regime claims the company in it investor presentation. Other income declined 43 per cent yoy to Rs 2.97 crore from Rs 5.22 crore.

    FY-2018 revenue numbers

    Total NBO collections increased 11 per cent yoy in FY-2018 to Rs 1248.06 crore from Rs 1125.64 crore. Revenue from F&B increased 10 per cent to Rs 607.66 crore from Rs 550.54 crore. Advertising revenue increased 20 per cent in FY-2018 to Rs 294.86 crore from Rs 245.02 crore in Q4-2017. Convenience income increased three per cent to Rs 59.71 crore from Rs 58.15 crore. Other operating income declined 14 per cent to Rs 55.14 crore from Rs 64.26 crore. Other income declined 45 per cent to Rs 10.22 crore from Rs 18.58 crore.

    Box-office numbers

    Admits in Q4-2018 increased by five per cent to 1.90 crore from 1.82 crore in corresponding quarter of fiscal 2017. Occupancy was fractionally lower in Q4-2018 at 31.5 percent as compared to 31.6 percent in Q4-2017. ATP increased by Rs 19 during the year under review to Rs 209 as compared to Rs 190 in Q4-2017. The company says that the top five movies in Q4-2018 contributed to 52 percent of the gross box office with an occupancy rate of 38 per cent.

    Admits in FY-2018 increased by one per cent to Rs 7.61 crore from Rs 7.52 crore in fiscal 2017. Occupancy was up at 32.9 per cent in FY-2018 as compared to 31.3 per cent in the previous year. ATP increased by Rs 15 during the year under review to Rs 210 as compared to Rs 196 in FY-2017.

  • Airtel Digital TV numbers up

    Airtel Digital TV numbers up

    BENGALURU: Indian telecom player Bharti Airtel Ltd (Airtel) reported 9.5 per cent and 10.7 per cent growth in operating revenue for its Airtel Digital TV Services (Airtel DTH) for the year and quarter ended 31 March 2018 (FY 2017-18; Q4 2017-18), respectively, as compared with the corresponding year ago periods. Airtel DTH’s operating revenue in FY 2017-18 was Rs 3,757 crore while in FY 2016-17 it was Rs 3,430.6 crore. Operating revenue in Q4 2017-18 was Rs 958.5 crore and in Q4 2016-17 it was Rs 865.7 crore.

    The company reported improved EBIDTA for both FY 2017-18 and Q4 2017-18. EBIDTA in FY 2017-18 increased by 16.4 per cent to Rs 1,422.6 crore (37.9 per cent of operating revenue) from Rs 1,221.9 crore (35.6 per cent of operating revenue). EBIDTA for the quarter rose by 17.4 per cent to Rs 370.1 crore (38.6 per cent of operating revenue) from Rs 315.3 crore (36.4 per cent of operating revenue) in the previous year.

    The company has increased its capital expenditure (capex) in FY 2017-18 as compared with the previous year. Total capex increased by 19.4 per cent to Rs 1,027.7 crore from Rs 860.8 crore in the previous year. Cumulative investment in FY 2017-18 was Rs 8,005.7 crore as compared with Rs 7,351.3 crore in FY 2016-17. Capex in Q4 2017-18 increased 48.9 per cent to Rs 206.4 crore as against Rs 138.6 crore in Q4 2016-17.

    Subscriber details

    Airtel reported 14.168 million Airtel DTH subscribers at the end of FY 2017-18. Quarter-on-quarter, its subscribers increased by 0.23 million. The company had reported 12.815 million subscribers at end of Q4 2016-17. Average revenue per user or ARPU for the quarter was Rs 228, the same as in Q4 2016-17, but declined from Rs 233 in the immediate trailing quarter. Monthly churn in Q4 2017-18 was lower at 1.1 per cent as compared with 1.2 per cent in Q4 2016-17 and Q3 2017-18.

    Airtel numbers

    Airtel’s annual consolidated revenue for FY 2017-18 at Rs 83,688 crore declined by 9.8 per cent over the previous year (reported drop of 12.3 per cent) on an underlying basis, led by decline of 11.7 per cent in India. Consolidated EBITDA at Rs 30,448 crore reflects an EBITDA margin of 36.4 per cent as compared with 37.3 per cent in previous year.

    Airtel’s consolidated revenue for Q4 2017-18 at Rs 19,634 crore declined by 5.4 per cent year-over-year (yoy) (reported drop of 10.5 per cent) on an underlying basis. India revenue for the quarter was Rs 14,796 crore shrunk by 7.5 per cent yoy (13.1 per cent on reported) on an underlying basis. Yoy decline was primarily caused by mobile drop of 13.5 per cent says the company. Consolidated EBITDA at Rs 7,034 crore declined 12.0 per cent yoy. Consolidated EBITDA margin decreased by 0.6 per cent to 35.8 per cent in the quarter as against 36.4 per cent.

    Airtel India and South Asia MD and CEO Gopal Vittal said, “The telecom industry continues to witness below cost, artificially suppressed pricing. Industry revenues were further adversely impacted this quarter due to the reduction in international termination rates. Our strategic investments in data capacities, innovative digital content through Airtel TV, customer friendly bundles and upgrade programs led to the highest-ever mobile data customer additions of 15 million during the quarter. Usage parameters remained robust on a yoy basis; we saw data and voice traffic grow 584 per cent and 55 per cent respectively. In line with our goal of building market-leading 4G networks, with best-in-class speeds and capacity; while supporting the digital India initiative, we have ended the financial year with our highest ever capital expenditure of Rs 240 billion. We intend to continue the rollout momentum next year as well.”

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