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Tag: HT Media Limited

  • Fever FM revenue up but HT Media revenue shrinks

    Fever FM revenue up but HT Media revenue shrinks

    BENGALURU: Indian media group HT Media Limited (HT Media) reported a drop in consolidated revenues and increase in consolidated profits for the quarter ended 30 September 2017 (Q2-18, current quarter) as compared to the corresponding year ago quarter (y-o-y). The company reported 11.2 percent y-o-y drop in consolidated total income at Rs 6,041.3 million in Q2-18 as compared to Rs 6,802.3 million. Net profit after tax, however, more than doubled (up 2.14 times) y-o-y to Rs 662.2 million in the current quarter as compared to Rs 309.3 million.

    HT Media has four segments-Printing and Publishing of Newspapers & Periodicals (Printing); Radio Broadcast & Entertainment (Radio); Digital; and Multimedia Content Management (Multimedia). The y-o-y drop in revenue was mainly due to drop in revenues of the company’s printing segment.

    The company reported an 18.4 percent increase in revenue for its radio segment that operates radio stations under the brand Fever FM for the current quarter. HT Media’s radio segment reported an operating profit of Rs 26.2 million as compared to an operating loss of Rs 3.3 million in Q2-17. HT Media, in its investor presentation for the current quarter, informed that its radio business continued robust growth and increase in profit margins. It says further there was revenue growth in core stations, while new stations continued to perform adding to top line in a profitable manner and that synergies in costs had brought in margin expansion.

    Printing segment revenue declined 5.9 percent y-o-y in Q2-18 to Rs 4,948.9 million from Rs 5,259.5 million in Q2-17. Printing segment operating profit more than doubled (2.25 times) to Rs 1,048.8 million in Q2-18 as compared to Rs 467.2 million in Q2-17. HT Media’s digital segment revenue declined 9.5 percent to Rs 337 million from Rs 372.5 million. Digital segment reported an operating loss of Rs 116.2 million in the current quarter as compared to an operating loss of Rs 128.6 million in Q2-17.

    HT Media’s Multimedia segment reported operating revenue of Rs 444.6 million and an operating profit of Rs 8.5 million. The Multimedia segment had revenue of Rs 473.4 million in Q1-18 and an operating profit of Rs 2.9 million.

    HT Media chairperson and editorial director Shobhana Bhartia said, “Advertising revenue growth continues to be a challenge in our coreprint business, with this quarter witnessing high level of uncertainty across industries on account of GST implementation. Our radio business continues to do well. New radio stations are generating revenue and the entire radio business witnessed an increase in operating profits. While advertising revenue in print has been soft, operating profits continue to grow steadily on the back of strong cost management and aided by favourable currency and commodity rates.”

    “GST is expected to stabilise soon which should lead to a better macroeconomic environment and result in higher advertising spends. With growth coming back to core business, we hope to deliver better results to our shareholders,” added Bhartia.

  • Q3-2016; Advertising drives 9% YOY revenue growth at HT Media; radio revenue up 25%

    Q3-2016; Advertising drives 9% YOY revenue growth at HT Media; radio revenue up 25%

    BENGALURU: HT Media Limited (HT Media) reported seven per cent YoY growth in total income from operations (TIO) for the quarter ended 31 December, 2015 (Q3-2015, Q3-15, current quarter) at Rs 681.12 crore as compared to Rs 605.50 crore and a 13.2 per cent QoQ growth as compared to Rs 601.55 crore.

     

    The TIO growth was driven primarily by a 9.2 per cent YoY and 14.4 per cent growth in advertising revenues.

     

    HT Media’s radio segment (Fever 104 FM) reported a 25 per cent YoY increase in operating revenue to Rs 32.26 crore (4.7 per cent of TIO) as compared to Rs 28.81 crore (4.3 per cent of TIO) and grew 10 per cent QoQ as compared to Rs 29.34 crore (4.9 per cent of TIO).

     

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

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

     

    The company’s profit after tax (PAT) in Q3-2016 increased 12.4 per cent YoY to Rs 80.88 crore (11.9 per cent margin) as compared to Rs 63.97 crore (10.6 per cent margin) and was more than double (2.22 times) QoQ as compared to Rs 36.42 crore (6.1 per cent margin).

     

    Advertising and Circulation revenue

     

    HT Media says that Advertising Revenue grew by 9.2 per cent YoY in Qe-2016 to Rs 542.5 crore (76.6 per cent of TIO) as compared to Rs 496.7 crore (76.4 per cent of TIO) and increased 14.4 per cent QoQ as compared to Rs 475.2 crore (78.8 per cent of TIO).

     

    Circulation revenue in the current quarter increased 4.8 per cent to Rs 76.9 crore (10.9 per cent of TIO) as compared to Rs 75.4 crore (15.9 per cent of TIO) and grew 2.1 per cent QoQ as compared to Rs 75.4 crore (12.5 per cent of TIO).

     

    Let us see how the segments performed

     

    Three segments contribute to HT Media’s numbers – (1) Printing and publishing of newspapers and periodicals (Publishing) (2) Radio and (3) Digital.

     

    HT Media’s publishing segment reported 9.8 per cent YoY growth in revenue at Rs 607.29 crore (89.2 per cent of TIO) as compared to Rs 553.20 crore (91.4 per cent of TIO) and grew 12.9 per cent QoQ as compared to Rs 538.08 crore (89.4 per cent of TIO).

     

    The publishing segment reported 41.2 per cent higher YoY operating profit of Rs 110.82 crore as compared to Rs 78.49 crore and was 41 per cent more QoQ as compared to Rs 65.36 crore.

     

    HT Media has four FM radio stations – Fever 104 in Delhi, Mumbai, Bengaluru and Kolkata.

     

    Radio segment revenue numbers have been mentioned above. HT Media’s radio segment reported 21 per cent decline in operating profit at Rs 7.46 crore as compared to Rs 9.44 crore, but was 94.3 per cent more QoQ than of Rs 3.84 crore.

     

    The company’s digital segment reported 43.4 per cent YoY growth in revenue to Rs 38.21 crore (5.6 per cent of TIO) as compared to Rs 26.65 crore (4.4 per cent of TIO) and was 12.7 per cent higher QoQ as compared to Rs 33.91 crore (5.6 per cent of TIO).

     

    Digital segment reported lower YoY loss of Rs 11.07 crore as compared to Rs 1442 crore, and lower QoQ loss as compared to Rs 18.35 crore.

     

    The company reported unallocated losses of Rs 13.31 crore in Q3-2016; of Rs 12.13 crore in Q3-2015 and of Rs 15.40 crore in Q2-2016.

     

    Company Speak

     

    HT Media chairperson and editorial director Shobana Bhartia said, “We are happy to report a strong quarter of growth across all our core businesses on the back of an increase in advertising spends during the festive season. Growth in revenue and our continuing focus on costs have resulted in higher profitability. Our Hindi business continues to grow profitably; HT Mumbai & HT Delhi businesses saw year-on-year revenue growth; we successfully re-launched the Chennai radio station; and our digital businesses have reduced losses even as they have grown revenues. With momentum on our side, we expect to close the financial year on a strong note. The company is well positioned to seize any opportunity that comes its way.”

  • Q3-2016; Advertising drives 9% YOY revenue growth at HT Media; radio revenue up 25%

    Q3-2016; Advertising drives 9% YOY revenue growth at HT Media; radio revenue up 25%

    BENGALURU: HT Media Limited (HT Media) reported seven per cent YoY growth in total income from operations (TIO) for the quarter ended 31 December, 2015 (Q3-2015, Q3-15, current quarter) at Rs 681.12 crore as compared to Rs 605.50 crore and a 13.2 per cent QoQ growth as compared to Rs 601.55 crore.

     

    The TIO growth was driven primarily by a 9.2 per cent YoY and 14.4 per cent growth in advertising revenues.

     

    HT Media’s radio segment (Fever 104 FM) reported a 25 per cent YoY increase in operating revenue to Rs 32.26 crore (4.7 per cent of TIO) as compared to Rs 28.81 crore (4.3 per cent of TIO) and grew 10 per cent QoQ as compared to Rs 29.34 crore (4.9 per cent of TIO).

     

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

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

     

    The company’s profit after tax (PAT) in Q3-2016 increased 12.4 per cent YoY to Rs 80.88 crore (11.9 per cent margin) as compared to Rs 63.97 crore (10.6 per cent margin) and was more than double (2.22 times) QoQ as compared to Rs 36.42 crore (6.1 per cent margin).

     

    Advertising and Circulation revenue

     

    HT Media says that Advertising Revenue grew by 9.2 per cent YoY in Qe-2016 to Rs 542.5 crore (76.6 per cent of TIO) as compared to Rs 496.7 crore (76.4 per cent of TIO) and increased 14.4 per cent QoQ as compared to Rs 475.2 crore (78.8 per cent of TIO).

     

    Circulation revenue in the current quarter increased 4.8 per cent to Rs 76.9 crore (10.9 per cent of TIO) as compared to Rs 75.4 crore (15.9 per cent of TIO) and grew 2.1 per cent QoQ as compared to Rs 75.4 crore (12.5 per cent of TIO).

     

    Let us see how the segments performed

     

    Three segments contribute to HT Media’s numbers – (1) Printing and publishing of newspapers and periodicals (Publishing) (2) Radio and (3) Digital.

     

    HT Media’s publishing segment reported 9.8 per cent YoY growth in revenue at Rs 607.29 crore (89.2 per cent of TIO) as compared to Rs 553.20 crore (91.4 per cent of TIO) and grew 12.9 per cent QoQ as compared to Rs 538.08 crore (89.4 per cent of TIO).

     

    The publishing segment reported 41.2 per cent higher YoY operating profit of Rs 110.82 crore as compared to Rs 78.49 crore and was 41 per cent more QoQ as compared to Rs 65.36 crore.

     

    HT Media has four FM radio stations – Fever 104 in Delhi, Mumbai, Bengaluru and Kolkata.

     

    Radio segment revenue numbers have been mentioned above. HT Media’s radio segment reported 21 per cent decline in operating profit at Rs 7.46 crore as compared to Rs 9.44 crore, but was 94.3 per cent more QoQ than of Rs 3.84 crore.

     

    The company’s digital segment reported 43.4 per cent YoY growth in revenue to Rs 38.21 crore (5.6 per cent of TIO) as compared to Rs 26.65 crore (4.4 per cent of TIO) and was 12.7 per cent higher QoQ as compared to Rs 33.91 crore (5.6 per cent of TIO).

     

    Digital segment reported lower YoY loss of Rs 11.07 crore as compared to Rs 1442 crore, and lower QoQ loss as compared to Rs 18.35 crore.

     

    The company reported unallocated losses of Rs 13.31 crore in Q3-2016; of Rs 12.13 crore in Q3-2015 and of Rs 15.40 crore in Q2-2016.

     

    Company Speak

     

    HT Media chairperson and editorial director Shobana Bhartia said, “We are happy to report a strong quarter of growth across all our core businesses on the back of an increase in advertising spends during the festive season. Growth in revenue and our continuing focus on costs have resulted in higher profitability. Our Hindi business continues to grow profitably; HT Mumbai & HT Delhi businesses saw year-on-year revenue growth; we successfully re-launched the Chennai radio station; and our digital businesses have reduced losses even as they have grown revenues. With momentum on our side, we expect to close the financial year on a strong note. The company is well positioned to seize any opportunity that comes its way.”

  • MIB gives go ahead to 21 FM radio phase III bidders

    MIB gives go ahead to 21 FM radio phase III bidders

    MUMBAI: A gaggle of existing radiocasters, print media behemoths,  TV broadcasters,  builders, film producers and auto car dealers, are in the list of 21 pre-qualified bidders eligible to participate in the first batch e-auctions for 135 private FM channels in 69 existing cities of phase II. The list was released by the information & broadcasting ministry (MIB)  today.

     

    Among the companies which have got the go ahead figure: A M Television Pvt Ltd, Abhijit Realtors and Infraventures Pvt Ltd, Abir Buildcon Pvt Ltd, DB Corp Ltd, Embassy Nirman Pvt Ltd, Entertainment Network (India) Ltd, HT Media Limited, Malar Publications Ltd, Music Broadcast Pvt Ltd,  Next Radio Ltd, Nirmal Sagar Buildcon Pvt Ltd, Odisha Television Ltd, Pratidin FM Pvt Ltd, Pudhari Publications Pvt Ltd, Rajasthan Patrika Pvt Ltd, Reliance Broadcast Network Ltd, Remi Overseas Pvt Ltd, Renderlive Films & Entertainment Pvt Ltd, Sarthak Films Pvt Ltd, The Mathrubhumi Printing & Publishing Co. Ltd and Venus Autoworks Pvt Ltd

     

    28 applicants had cumulatively submitted Rs 316.91 crore as earnest money deposit by end of day 27 March 2015 which was the deadline for the application process.

     

    The Sun TV group is prominent amongst the bidders whose application was rejected.  The group had routed its applications through five companies, and the application review committee in MIB rejected their applications as they had failed to get security clearance from the ministry of home affairs.  

  • Q3-2015: HMVL reports higher ad, circulation revenue

    Q3-2015: HMVL reports higher ad, circulation revenue

    BENGALURU: Hindi newspaper ‘Hindustan’, Hindi socio cultural magazine ‘Kadambini’ and children’s Hindi magazine ‘Nandan’ publishers Hindustan Media Ventures Limited (HMVL – not to be confused with HT Media Limited of Hindustan Times, Mint and Fever FM fame) reported a 9.7 per cent growth in Income from operations (TIO) at Rs 206.87 crore as compared to the Rs 188.65 crore in Q3-2014 and 3.7 per cent more than the Rs 199.54 crore in Q2-2015.

     

    For 9M-2015, TIO at Rs 616.49 crore was 12.9 per cent more than the Rs 545.84 crore in Q2-2015. The company’s Total Revenue grew 12.1 per cent in Q3-2015 to Rs 223 crore from Rs 199 crore during the year ago quarter.

     

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

     

    The company says that y-o-y advertising revenue grew 10.7 per cent to Rs 152.2 crore in Q3-2015 from Rs 137.5 crore in Q3-2014 and circulation revenue grew 11.1 per cent to Rs 51 crore from Rs 45.9 crore in Q3-2014. Other revenue grew 26.9 per cent to Rs 19.8 crore in Q3-2015 from Rs 15.6 crore in Q3-2014.

     

    HMVL’s PAT in the current quarter at Rs 36.58 crore (17.7 per cent of TIO) was 16.3 per cent more than the Rs 31.46 crore in Q2-2015 and 27.1 per cent more than the Rs 28.79 crore ( 15.3 per cent of TIO) in Q3-2014. PAT in 9M-2015 at Rs 101.92 crore (16.5 per cent of TIO) was 21.3 per cent more than the Rs 84 crore (15.4 per cent of TIO) in 9M-2014.

     

    Let us look at the other figures reported by HMVL:

     

    The company’s total expenditure (TE) in Q3-2015 at Rs 172.91 crore (83.6 per cent of TIO) was up 3.6 per cent from Rs 166.88 crore (83.6 per cent of TIO) in Q2-2015 and was 9.9 per cent more than the Rs 157.3 crore (83.4 per cent of TIO) in Q3-2014. For 9M-2015, HMVL has reported 15.4 per cent higher TE at Rs 513.11 crore (83.2 per cent of TIO) versus Rs 444.46 crore (81.4 per cent of TIO) in 9M-2014.

     

    A major component of HMVL’s TE is cost of raw materials (RM). In Q3-2015, HMVL’s RM cost at Rs 86.69 crore (50.1 per cent of TE) was 2.3 per cent more than the Rs 84.8 crore (54.9 per cent of TE) in Q2-2015 and was 7.3 per cent more than the Rs 80.63 crore (51.3 per cent of TE) in Q3-2014. 9M-2015 RM cost at Rs 258.26 crore (50.3 per cent of TE) was 17.6 per cent more than the Rs 219.68 crore (50.3 per cent of TE) in 9M-2014.

     

    The company’s employee cost in Q3-2015 at Rs 24.87 crore (14.4 per cent of TE) was 3.5 per cent less than the Rs 25.77 crore (15.4 per cent of TIO) and was 14.1 per cent more than the Rs 21.80 crore (13.9 per cent of TE) in Q3-2014. Its 9M-2015, employee cost at Rs 80.28 crore (15.6 per cent of TE) was 23.8 per cent more than the Rs 64.63 crore (14.6 per cent of TE) in 9M-2014.

     

    HMVL chairperson Shobhana Bhartia said, “We are pleased to report another quarter of revenue growth and higher profitability on the back of lower raw material costs. After establishing ourselves as a strong player in Uttar Pradesh and Uttarakhand while retaining our dominance in Bihar and Jharkhand, we are now focusing on operational efficiencies to ensure revenue growth is also accompanied by profit growth. We derive confidence from our performance and we will continue to strive to deliver value to our shareholders.”

  • Q2-2014 HT Media PAT up due to subsidiary stake sale: Radio Business PBIT up 28%

    Q2-2014 HT Media PAT up due to subsidiary stake sale: Radio Business PBIT up 28%

    BENGALURU: Despite slightly lower consolidated income from operations in Q2-2014 at Rs 534.65 crore, as compared to the Rs 540.93 crore in Q1-2014, Indian media group HT Media Limited (HT Media) reported a 22.5 per cent jump in PAT for Q2-2014 at Rs 58.18 crore (after minority interest) as compared to the Rs 47.49 crore in Q1-2014 and 75 per cent higher than the Rs 33.31 crore for Q2-2013. HT Media had reported group consolidated income from operations of Rs 510.87 crore for Q2-2013.

     

    Excluding the Rs 38.21 crore from the proceeds of the sale of HT Media’s stake in HT Burda, PAT for Q2-2014 would be lower than the PAT for the immediate preceding quarter or the corresponding quarter of last year.

     

    Note: An amount of Rs 38.21 crore representing the difference between (i) the net proceeds of HT Media’s sale of equity shares held in a subsidiary company HT Burda amounting to Rs 59.91 crore and (ii) the carrying amount of assets of HT Burda less liabilities in the consolidated financial statement amounting to Rs 21.7 crore has been recognised as other income in the company’s financial statement.

     

    HT Media’s Fever 104 FM has four radio stations in Mumbai, Bangalore, Kolkata and Delhi. Its Radio, Broadcast and Entertainment segment’s PBIT at Rs 4.69 crore for Q2-2014 was 27.8 per cent more than the Rs 3.67crore for Q1-2014 and almost double (1.97 times) the Rs 2.38 crore PBIT for Q1-2013.

     

    The company claims that its advertising revenue from Printing of Newspapers and Periodicals ‘ segment increased to Rs 386.8 crore for Q2-2014 from Rs 364 crore in Q2-2013, primarily driven by increase in advertising yields and volumes. It also claims a 14 per cent increase in circulation revenue of print segment to Rs 64.2 crore in Q2-2014 from Rs 56.3 crore during the corresponding period last year, driven by increase in realisation per copy.

     

    Let us look at the other Q2-2014 figures reported by HT Media

     

    HT Media’s total income for Q2-2014 at Rs 591.6 crore was 11 per cent more than the Rs 535.25 crore for Q2-2013 and 4.1 per cent more than the Rs 568.49 crore for Q1-2014, mainly on account of higher other income due to HT Media’s sale of its stake in a subsidiary company HT Burda in the current quarter.

     

    Other Income at Rs 56.95 crore for Q2-2014 was more than double (2.34 times more) the Rs 24.38 crore in Q2-2013 and also more than double (2.1 times more) the Rs 27.56 crore for Q1-2014. However, once the proceeds of HT Media’s sale of its stake in its subsidiary HT Burda of Rs 38.21 crore is excluded, Q2-2014 other income would be lower than the other income for Q1-2014 or Q2-2013.

     

    HT Media’s total expense for Q2-2014 at Rs 492.61 crore was about three per cent more than the Rs 478.57 crore for Q2-2013 and about 1.6 per cent more than the Rs 484.81 crore for Q1-2014.

     

    A major chunk of the expense is the cost of raw materials consumed in the case of HT Media. It spent Rs 189.4 crore for Q2-2014 which was three per cent lower than the Rs 195.25 crore in Q2-2013, but 10.3 per cent more than the Rs 171.57 crore in the immediate preceding quarter (Q1-2014).

     

    Another major chunk of expense is Other Expense in the case of HT Media. Other Expense at Rs 180.28 crore for Q2-2014 was 15.5 per cent more than the Rs 156.04 crore for Q2-2013, but about 0.8 per cent lower than the Rs 181.75 crore for Q1-2014.

     

    HT Media’s Employee Benefit expense for Q2-2014 at Rs 106.47 crore was three per cent more than the Rs 103.41 crore for Q2-2013 and 0.8 per cent more than the Rs 105.52 crore for Q1-2014.

     

     Segment Results:

     

    HT Media reports revenue from four streams – Printing of Newspapers and Periodicals segment; Broadcast and Entertainment segment; Digital segment and from Unallocated segment.  

     

    Revenue from HT Media’s Printing of Newspapers and Periodicals segment at Rs 495.85 crore for Q2-2014 was 3.4 per cent higher than the Rs 479.18 crore for Q2-2013, but 1.1 per cent lower than the Rs 504.68 crore in Q1-2014.

     

    PBIT for Printing of Newspapers and Periodicals segment for Q2-2014 at Rs 59.48 crore was 23.3 per cent higher than the Rs 48.24 crore for Q2-2013, but 27 per cent lower than the Rs 82.46 crore for the immediate preceding quarter (Q1-2104).

     

    Revenue from Radio, Broadcast and Entertainment segment for Q2-2014 at Rs 22.16 crore was 11.2 per cent more than the Rs 19.92 crore for Q2-2013, and marginally higher (3.5 per cent) than the Rs 21.41 crore for Q1-2014.

     

    As mentioned above, Its Radio, Broadcast and Entertainment segment PBIT at Rs 4.69 crore  for Q2-2014 was 27.8 per cent more than the Rs 3.67 crore for Q1-2014 and almost double (1.97 times more) than the Rs 2.38 crore for Q1-2013.

     

    Results from the Digital Segment and the Unallocated segment are negative. Please see the attached financial statements.

     

    HT Media chairperson and editorial director Shobhana Bhartia said, “We are glad to report a stable growth in revenue and profit this quarter, despite continued uncertainty in the macroeconomic environment, both in India, and elsewhere. Our growth initiatives in Mumbai and UP continue to deliver results, and all our digital businesses have shown robust growth. We are confident that our diversified business model, established brands and sustained focus on cost reduction will continue to create value for all stakeholders and also show better results as the macroeconomic environment improves.”