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Tag: FY25 Earnings

  • MediaOne Global PBT surge by 182.6 per cent in Q2

    MediaOne Global PBT surge by 182.6 per cent in Q2

    Mumbai: MediaOne Global Entertainment Ltd unveiled its Q2 FY25 financial performance on 14 November 2024. The unaudited results showcased an intriguing blend of resilience and recalibration as the company navigates a volatile entertainment sector.

    Despite a subdued operating income compared to Q2 FY24, MediaOne demonstrated impressive cost management and operational agility, culminating in a profit before tax (PBT) of Rs 594.50 lakh—a remarkable 182.6 per cent surge from Rs 210.31 lakh in the same quarter last year. The after-tax profit stood at Rs 422.10 lakh, marking an impressive 100.7 per cent increase from Rs 210.31 lakh year-on-year.

    The total income for Q2 FY25 came in at Rs 2,412.40 lakh, down marginally by 2.6 per cent from Rs 2,475.14 lakh in Q2 FY24. This decline stemmed largely from reduced production revenues, which saw a 10 per cent dip. Nevertheless, MediaOne’s strategic foray into exhibition income generated Rs 2,202.40 lakh—a commendable first-ever contribution to total income.

    Total expenses saw a substantial reduction, dropping by 17.7 per cent to Rs 1,817.90 lakh from Rs 2,209.35 lakh in Q2 FY24. Key contributors to this achievement included:  

    – Depreciation and amortisation: A deliberate rationalisation effort capped these expenses at Rs 67.24 lakh, compared to Rs 133.96 lakh in the previous year.  

    – Employee benefits: Held steady at Rs 18.84 lakh, reflecting careful workforce management.  

    – Production cost efficiencies: Optimised material consumption resulted in a significant 15.3 per cent savings year-on-year.  

    The company’s financial prudence is evident in its strengthened cash flow from operations, which climbed to Rs 2,323.97 lakh in H1 FY25, compared to a negative outflow of Rs 177.70 lakh in H1 FY24. Furthermore, its short-term borrowings reduced by Rs 44.78 lakh, contributing to a healthier liquidity position.

    Despite these achievements, total liabilities rose to Rs 6,544.78 lakh as of 30 September 2024, an increase attributable to long-term financial commitments aimed at supporting upcoming projects.

    The results signal that MediaOne Global’s focus on sustainable, profitable growth is paying off—a promising trajectory as the entertainment industry braces for technological disruptions and evolving consumer dynamics.  

  • India Today Group sees revenue fall amid challenging market conditions

    India Today Group sees revenue fall amid challenging market conditions

    Mumbai: When a titan stumbles, the tremors are felt far beyond its own walls. Investor confidence wavers, markets shift uneasily, and a once-unshakeable reputation finds itself on thin ice. Such is the case for the India Today Group, which, in a jarring Q2 FY25 performance, posted steep declines in both revenue and profits. This downturn isn’t just a dip in the numbers; it’s a stark reminder that even the most formidable institutions can struggle against economic forces and the relentless pressure of an ever-changing media landscape. Despite efforts to trim costs and adapt, India Today’s latest results signal not progress, but troubling stagnation.

    For the quarter ending September 2024, the Group’s revenue plummeted to Rs 206.77 crores from Rs 311.79 crores in the preceding quarter, marking a sharp 33.7 per cent drop. This contraction becomes more severe when juxtaposed with the Rs 213.86 crores reported in the same quarter last year. Despite moderate operational adjustments, production costs grew by over 3 per cent, reaching Rs 24.35 crores compared to Rs 23.62 crores a year ago. Employee expenses also remained stubbornly high at Rs 81.41 crores, reflecting a challenging balance between workforce retention and profitability.

    Net profit for the quarter dwindled to Rs 8.35 crores, representing a staggering decline from Rs 51.43 crores reported in Q1 FY25. This downward spiral in profitability is exacerbated by a combination of rising costs and a limited revenue base, suggesting that the current strategic approach may lack the flexibility needed to weather industry-wide upheaval. Even more concerning is the dwindling cash flow, with net cash inflows from operations at a mere Rs 88.78 crores, down significantly from previous levels, limiting future investments and expansion.

    Television and media operations, traditionally a strong revenue stream, reported Rs 202.85 crores, down from Rs 309.22 crores in the previous quarter, reinforcing an overall industry-wide struggle to maintain viewership and advertiser interest. Radio broadcasting, a secondary but growing segment, failed to offset this decline, posting a minor increase to Rs 3.92 crores in Q2 FY25, underscoring limited diversification.

    While India Today Group continues to hold a respected position within the media industry, these financial indicators highlight urgent structural and strategic reevaluation. Moving forward, the Group must navigate the intricate dance of cost control and technological investments, all while addressing audience shifts in an age of digital-first content.