ITV

Tag: loss

  • Hathway Bhawani Cabletel reports quarterly loss amid declining revenues

    Hathway Bhawani Cabletel reports quarterly loss amid declining revenues

    MUMBAI: It’s a small MSO in the eastern part of Mumbai and covers the area of Chembur. But Hathay Bhawani Cabletel is  an off shoot of Hathway & Cable Datcom, which is a national MSO and is a part of Reliance Industries.

    The company  reported financial results for the quarter and nine months ended 31 December 2024, revealing declining revenues and a shift from profitability to losses compared to the previous year.

    Q3 Financial Performance (October-December 2024)
    * Total Income: Rs 59.57 lakh, down 12 per cent  from Rs 67.92 lakh in Q3 FY 2023.
    * Total Expenses: Rs 65.25 lakh, up 21 per cent from Rs 53.89 lakh in Q3 FY 2023.
    * Net Loss: Rs 5.68 lakh, compared to a profit of Rs 4.03 lakh in the same quarter last year.

    The decline in income and significant rise in expenses contributed to the company’s unfavorable quarterly performance, highlighting operational inefficiencies and increased cost pressures.

    Nine-Month Financial Performance (April-December 2024)
    * Total Income: Rs 181 lakh, a 12 per cent decline from Rs 206.25 lakh during the same period in 2023.
    * Total Expenses: Rs 203.20 lakh, a slight reduction from Rs 205.66 lakh in the prior year.
    * Net Loss: Rs 22.20 lakh, compared to a modest profit of Rs 59,000 during the nine months ended December 2023.

    The income contraction coupled with sustained high expenses reversed the profitability recorded in the previous year.

  • NDTV’s TV segment reports lower operating loss

    NDTV’s TV segment reports lower operating loss

    BENGALURU: New Delhi Television Limited (NDTV) Television segment reported lower loss at Rs 3.94 crore for the quarter ended 30 September 2016 (Q2-17, current quarter) as compared to the operating loss of Rs 8.41 crore during the corresponding quarter of the previous year (y-o-y). The segment’s consolidated operating loss in the current quarter was just a fraction of the operating loss of Rs 22.83 crore in the immediate trailing quarter (q-o-q).

    Overall, the company reported almost flat y-o-y net loss after taxes of Rs 17.22 crore as compared to a loss of Rs 17.19 crore. Loss in the immediate trailing quarter was more than double at Rs 38.36 crore. NDTV attributes the improved performance to improved advertising revenues alongside lower costs in Convergence, NDTV’s digital content subsidiary and E-Commerce segment.

    NDTV’s consolidated Total Income from Operations (TIO, revenue) in the current quarter declined 4.9 per cent y-o-y to Rs 123.31 crore from Rs 127.60 crore, but increased 9.3 per cent q-o-q from Rs 112.81 crore.

    NDTV had negative EBIDTA (operating loss) of Rs 3.64 crore in Q2-17; negative EBIDTA of Rs 10.91 crore in Q2-16; and negative EBIDTA of Rs 26.78 crore in Q1-17.

    Segment numbers

    NDTV’s Television Media and related operations (Television) segment reported 3.4 per cent y-o-y decline in revenue in Q2-17 at 121.03 crore as compared to Rs 125.25 crore, but an 8.3 per cent q-o-q increase from Rs Rs 111.78 crore. The segment’s operating loss has been mentioned above.

    NDTV’s Retail/eCommerce (eCommerce) segment reported 19 per cent y-o-y decline in revenue at Rs 3.20 crore as compared to Rs 3.95 crore, but a 60 per cent q-o-q increase from Rs 2 crore in Q1-17.

    Let us look at the other numbers reported by NDTV

    Total Expenditure (TE) in the current quarter declined 9.4 per cent y-o-y to Rs 134.84 crore (109.4 per cent of TIO) from Rs 148.77 crore (116.6 per cent of TIO) and declined 8.3 per cent q-o-q from Rs 147.11 crore (130.4 per cent of TIO) in Q1-17.

    NDTV’s consolidated Production Expense (PE) increased 4.4 per cent y-o-y in Q2-17 to Rs 28.62 crore (23.2 per cent of TIO) from Rs 27.41 crore (21.5 per cent of TIO) and increased 1.9 per cent q-o-q from Rs 28.09 crore (24.9 per cent of TIO).

    The company’s Marketing, distribution and promotional expense (Marketing expense) in the current quarter reduced 35 per cent y-o-y to Rs 19.67 crore (16 per cent of TIO) from Rs 30.28 crore (23.7 per cent of TIO) and declined 13.3 per cent from 22.69 crore (20.1 per cent of TIO) in Q1-17.

    NDTV’s Employee Benefit Expense (EBE) in Q2-17 declined 5.1 per cent y-o-y in Q2-17 to Rs 45.19 crore (36.6 per cent of TIO) from Rs 47.63 crore and declined 21.9 per cent from Rs 57.86 crore (51.3 per cent of TIO).

    Operating and administration expenses (Admin expenses) in Q2-17 increased 10.5 per cent y-o-y to Rs 34.71 crore (28.1 per cent of TIO) from Rs 31.42 crore (24.6 per cent of TIO) and increased 4.7 per cent q-o-q from Rs 33.14 crore (29.4 per cent of TIO).

    Finance Costs in the current year increased 26.8 per cent y-o-y to Rs 6.63 crore (5.4 per cent of TIO) from Rs 5.23 crore (4.1 per cent of TIO) and increasd 56 per cent q-o-q from Rs 4.25 crore (3.8 per cent of TIO).

    Note: The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:

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

    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.

  • NDTV’s TV segment reports lower operating loss

    NDTV’s TV segment reports lower operating loss

    BENGALURU: New Delhi Television Limited (NDTV) Television segment reported lower loss at Rs 3.94 crore for the quarter ended 30 September 2016 (Q2-17, current quarter) as compared to the operating loss of Rs 8.41 crore during the corresponding quarter of the previous year (y-o-y). The segment’s consolidated operating loss in the current quarter was just a fraction of the operating loss of Rs 22.83 crore in the immediate trailing quarter (q-o-q).

    Overall, the company reported almost flat y-o-y net loss after taxes of Rs 17.22 crore as compared to a loss of Rs 17.19 crore. Loss in the immediate trailing quarter was more than double at Rs 38.36 crore. NDTV attributes the improved performance to improved advertising revenues alongside lower costs in Convergence, NDTV’s digital content subsidiary and E-Commerce segment.

    NDTV’s consolidated Total Income from Operations (TIO, revenue) in the current quarter declined 4.9 per cent y-o-y to Rs 123.31 crore from Rs 127.60 crore, but increased 9.3 per cent q-o-q from Rs 112.81 crore.

    NDTV had negative EBIDTA (operating loss) of Rs 3.64 crore in Q2-17; negative EBIDTA of Rs 10.91 crore in Q2-16; and negative EBIDTA of Rs 26.78 crore in Q1-17.

    Segment numbers

    NDTV’s Television Media and related operations (Television) segment reported 3.4 per cent y-o-y decline in revenue in Q2-17 at 121.03 crore as compared to Rs 125.25 crore, but an 8.3 per cent q-o-q increase from Rs Rs 111.78 crore. The segment’s operating loss has been mentioned above.

    NDTV’s Retail/eCommerce (eCommerce) segment reported 19 per cent y-o-y decline in revenue at Rs 3.20 crore as compared to Rs 3.95 crore, but a 60 per cent q-o-q increase from Rs 2 crore in Q1-17.

    Let us look at the other numbers reported by NDTV

    Total Expenditure (TE) in the current quarter declined 9.4 per cent y-o-y to Rs 134.84 crore (109.4 per cent of TIO) from Rs 148.77 crore (116.6 per cent of TIO) and declined 8.3 per cent q-o-q from Rs 147.11 crore (130.4 per cent of TIO) in Q1-17.

    NDTV’s consolidated Production Expense (PE) increased 4.4 per cent y-o-y in Q2-17 to Rs 28.62 crore (23.2 per cent of TIO) from Rs 27.41 crore (21.5 per cent of TIO) and increased 1.9 per cent q-o-q from Rs 28.09 crore (24.9 per cent of TIO).

    The company’s Marketing, distribution and promotional expense (Marketing expense) in the current quarter reduced 35 per cent y-o-y to Rs 19.67 crore (16 per cent of TIO) from Rs 30.28 crore (23.7 per cent of TIO) and declined 13.3 per cent from 22.69 crore (20.1 per cent of TIO) in Q1-17.

    NDTV’s Employee Benefit Expense (EBE) in Q2-17 declined 5.1 per cent y-o-y in Q2-17 to Rs 45.19 crore (36.6 per cent of TIO) from Rs 47.63 crore and declined 21.9 per cent from Rs 57.86 crore (51.3 per cent of TIO).

    Operating and administration expenses (Admin expenses) in Q2-17 increased 10.5 per cent y-o-y to Rs 34.71 crore (28.1 per cent of TIO) from Rs 31.42 crore (24.6 per cent of TIO) and increased 4.7 per cent q-o-q from Rs 33.14 crore (29.4 per cent of TIO).

    Finance Costs in the current year increased 26.8 per cent y-o-y to Rs 6.63 crore (5.4 per cent of TIO) from Rs 5.23 crore (4.1 per cent of TIO) and increasd 56 per cent q-o-q from Rs 4.25 crore (3.8 per cent of TIO).

    Note: The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:

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

    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.

  • Mukta Arts revenue, loss down in Q2-2015

    Mukta Arts revenue, loss down in Q2-2015

    BENGALURU: Mukta Arts Limited (MAL) reported lower Total Income from Operations (TIO) of Rs 23.95 crore in Q2-2015 versus the Rs 24.99 crore in the immediate trailing quarter and almost a fourth of the Rs 85.16 crore in the corresponding year ago quarter.

     

    The company also reported lower loss in Q2-2015 at Rs 0.03 crore versus a loss of Rs 24.62 crore in Q1-2015 and a nominal PAT of Rs 0.16 crore in Q2-2014. TIO in HY-2015 was Rs 48.93 crore, less than a third of the Rs 156.60 crore in HY-2014. The company has reported y-t-d a loss of Rs 24.65 crore versus PAT of Rs 0.91 crore in HY-2014.

     

    The company’s financial statements indicate that its income from operations include Rs 3.5 crore relating to certain rights in Q2-2015. MAL’s other income includes Rs 1.19 crore, the proceeds of a keyman insurance policy.

     

    Notes:  100,00,000 = 100 Lakhs = 10 million = 1 crore

     

    Let us look at the other figures reported by the company

     

    MAL total expenditure (TE) in Q2-2015 at Rs 23.74 crore was 52.3 per cent lower (less than half) the Rs 49.74 crore in Q1-2015 and 71.9 percent lower (less than a third) of the Rs 84.61 crore in Q2-2014. HY-2015 TE at Rs 73.48 crore was 52.6 per cent less than the Rs 154.95 crore in HY-2014.

     

    Distributors/producers share in Q2-2015 was less than a fourth at Rs 5.74 crore of the Rs 23.04 crore in Q1-2015 and 1/13.6 times the Rs 78.21 crore in Q2-2014. Distributors/producers share in HY-2015 was Rs 28.78 crore, for HY-2014, it was Rs 143.15 crore.

     

    Amortisation of tangible assets including film rights (amortisation expense) in Q2-2015 was Rs 9.26 crore versus the Rs 19.5 crore in Q1-2015 and the Rs 0.37 crore in Q2-2014. HY-2015 amortisation was Rs 28.76 crore, in HY-2014 it was Rs 0.42 crore.

     

    During the current quarter, the company commenced its cinemas at Sangli and Hyderabad. Its Theatrical Exhibition segment’s revenue in Q2-2015 was Rs 8.11 crore as compared to the Rs 6.32 crore in Q1-2015 and the Rs 3.52 crore in Q2-2014. For HY-2015, revenue from Theatrical Exhibition segment revenue rose to Rs 14.43 crore from Rs 7.2 crore in HY-2014. The segment reported operating profit of Rs 0.07 crore versus an operating a loss of Rs 0.14 crore in Q1-2015 and an operating loss of Rs 0.24 crore in Q2-2014. Operating loss for HY-2015 at Rs 0.7 crore was lower than the Rs 0.16 crore in HY-2014.

  • TV and film production companies have a bumpy FY’10

    Television content production companies have had a bumpy ride during the 12-month period ended March 2010 as broadcasters cut costs and restructured businesses to tide over the recession.The listed TV content companies – Balaji Telefilms, UTV Television, BAG Films and Media, Creative Eye and Sri Adhikari Bros – posted a combined revenue of Rs 3.36 billion, down 38.32 per cent from Rs 5.44 billion in the year ago period. Barring Sri Adhikari Bros, which has low revenues, each company’s turnover de-grew during the fiscal.

    Realisation per hour of programming fell dramatically and the content creators had to work on squeezed margins. The existence of too many content companies did not make the task any easier.

    The listed companies, in fact, swung into losses at an operational level. The combined loss stood at Rs 25.79 millon compared to operating profit of Rs 186.73 million in the year-ago period.

     
    Expenses were kept under tight control as projects fell, amounting to Rs 2.25 billion, or a drop of 37.48 per cent.

    (We have taken UTV’s content financials which include airtime sales as they don’t disclose them separately. Also, expenses and net profit are not available for UTV and BAG separately).

    The movie production houses also had a rough patch as it was caught in a row with multiplex operators, cluttered releases and high ratio of box office disasters.

     

    The combined revenues of the five listed companies – UTV Motion Pictures, Cinevistaas, Pritish Nandy Communications, Mukta Arts and Shree Ashtavinayak – dropped 20.48 per cent to Rs 13.78 billion (from Rs 17.33 billion).

     
    On an operational level, these companies, however, posted a profit of Rs 1.43 billion, up 2.6 per cent from the earlier year.
    Expenses fell by 24 per cent to Rs 8.13 billion, as against Rs 10.71 billion in the year-ago period.

    The content entertainment revenue pie, in fact, fell by 24.74 per cent in FY’10. Revenue of the listed film and television production companies stood at Rs 17.14 billion, down from Rs 22.77 billion a year ago.

     

  • News broadcasters on recovery path in FY’10

    Reeling under recession and intense competition in the genre, news broadcasters looked at 2009 as a year when they had to correct their business models. The chief executive officers of these companies came out with harsh prescriptions: cut jobs, reduce news gathering costs and exit from non-core businesses.

    The measures, some of which were really painful, are beginning to improve the health of their balance sheets. These companies are still not out of the woods but they are surely on recovery path. While revenues grew slowly during the fiscal ended March 2010, operational efficiencies have improved and net losses have narrowed.

    Revenue rebounds but growth path still slow

    The combined turnover of seven listed news broadcasters stood at Rs 16.53 billion in FY’10, up 7.01 per cent over the earlier year, as the advertising market eased and the recovery became stronger in the last two quarters.

    IBN18 (CNN-IBN and IBN7) and TV Today (Aaj Tak, Headlines Today Tez and Delhi Aaj Tak) grew their topline by 16 per cent and 12 per cent respectively while NDTV saw a modest 5 per cent increase in its income.

    BAG Films and Media, which runs News24 and E24, and IBN Lokmat showed a revenue growth of over 121 and 258 per cent respectively, albeit on a lower base.

    TV18, however, should be worried. The company, which runs business news channels CNBC-TV18 and CNBC Awaaz, saw its revenue dip marginally by 2.35 per cent as competition in the genre put pressure on ad rates.

    Revenue (in Rs million)

    Companies tighten costs

    Companies continued to focus on cost-cutting drives, the main corrective step taken after being on an expansion overdrive. Expenses dropped to Rs 14.48 billion, from Rs 16.41 billion in FY09, falling by 11.81 per cent between the fiscals.

    BAG Films, a new entrant that was going through an investment phase in FY’09, really clamped down on costs and brought it down by almost 66 per cent.

    Expenses (in Rs million) 

    Other players who were on an austerity drive were TV18, which cut costs by 27 per cent, and NDTV (22 per cent). Only Zee News Ltd’s expenses saw a miniscule 0.01 per cent increase.

    At the operational level, the news broadcasters had a remarkable turnaround story between the two fiscals as operating profit rose 378.33 per cent in FY’10 over the year-ago period. The FY’10 operating profit stood at Rs 2.59 billion as compared to operating loss of Rs 930.82 million.

    The companies who had the highest operational efficiency in the fiscal are Zee News Ltd (Rs 812.1 million), TV18 (Rs 648.1 million) and TV Today (Rs 415.89 million).

    Operationg Profit (in Rs million)

    News broadcasters stare at losses

    Despite a drastic improvement in operational efficiencies, news broadcasters still stare at losses. The loss leaders during the fiscal were IBN18 (Rs 820.99 million), TV18 (Rs 597.3 million), IBN Lokmat (Rs 210.88 million) and NDTV (Rs 205.2 million).

    Zee News Ltd and TV Today, however, stayed profitable.

    In FY’11, most news broadcasters expect to be in the black amid restructuring, cost-cuts and operational efficiencies.