ITV

Tag: Manvinder Singh Banga

  • Q3-2016: NDTV’s YoY revenue flat, operating loss lower

    Q3-2016: NDTV’s YoY revenue flat, operating loss lower

    BENGALURU: New Delhi Television Limited (NDTV) reported flat (down one per cent) year-on year (YoY) Total Income from Operations (TIO) for the quarter ended 31 December, 2015 (Q3-2016, current quarter). NDTV reported TIO of Rs 148.41 crore for Q3-2016 as compared to Rs 149.93 crore and 16.3 per cent higher QoQ growth as compared to Rs 127.60 crore.

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

    All numbers In this report are consolidated unless stated otherwise.

    The company reported a lower operating loss (EBIDTA) of Rs 4.45 crore in Q3-2016 as compared to an operating profit of Rs 13.44 crore (nine per cent margin) in Q3-2015 and an operating loss of Rs 10.91 crore in Q2-2016.

    The company reported a net loss of Rs 12.54 crore as compared to a profit after tax of Rs 1.58 crore (1.1 per cent margin) in Q3-2015 and a higher net loss of Rs 17.19 crore in the immediate trailing quarter.

    Television Media and related operations segment:

    Television Media and related operations (Television segment) also include numbers from the company’s Digital business. Television segment reported 2.2 per cent YoY revenue growth at Rs 147.96 crore as compared to Rs 144.74 crore and 18.1 per cent QoQ revenue growth and that of Rs 125.25 crore in the immediate trailing quarter.

    The segment reported operating loss of Rs 3.44 crore in the current quarter as compared to an operating profit of Rs 13.41 crore in Q3-2015 and a higher loss of Rs 8.41 crore in the immediate trailing quarter.

    Retail/E-Commerce segment:

    NDTV’s Retail/E-commerce segment reported lower revenue of Rs 3.85 crore in the current quarter as compared to Rs 6.06 crore in Q3-2015 and revenue of Rs 3.95 crore in Q2-2016. The segment reported a higher operating loss of Rs 6.50 crore in Q3-2016 as compared to an operating loss of Rs 6.02 crore in Q3-2015 and a higher operating loss of Rs 10.89 crore in Q2-2016.

    Let us look at the other numbers reported by NDTV:

    Total Expenditure (TE) in the current quarter increased 9.6 per cent YoY to Rs 159.89 crore (107.7 per cent of TIO) as compared to Rs 145.94 crore (97.3 per cent of TIO) and increased 7.5 per cent as compared to Rs 148.77 crore (116.6 per cent of TIO) in Q2-2016.

    NDTV’s consolidated Production Expense increased 6.3 per cent YoY to Rs 30.42 crore (20.5 percent of TIO) as compared to Rs 28.63 crore (19.1 per cent of TIO) and increased 7.5 per cent as compared  Rs 27.41 crore in Q2-2016.

    The company’s marketing, distribution and promotional expense (Marketing expense) in the current quarter increased 18.1 per cent YoY to Rs 36.50 crore (24.6 per cent of TIO) and increased 20.5 per cent as compared to Rs 30.28 crore (23.7 per cent of TIO) in the immediate trailing quarter. 

    NDTV’s Employee Benefit Expense increased 9.7 per cent YoY in the current quarter to Rs 50.72 crore (34.2 per cent of TIO) as compared to Rs 46.24 crore (30.8 per cent of TIO) and increased 6.5 per cent as compared to Rs 47.63 crore (37.3 per cent of TIO).

    Operating and administration expenses in Q3-2016 increased 24.8 per cent YoY to Rs 34.60 crore (23.3 per cent of TIO) as compared to Rs 27.73 crore (18.5 per cent of TIO) and grew 10.1 per cent QoQ as compared to Rs 31.42 crore (24.6 per cent of TIO).

    Finance Costs in the current quarter increased 4.8 per cent YoY to Rs 5.49 crore (3.6 per cent of TIO) as compared to Rs 5.05 crore (3.4 per cent of TIO) and increased 1.1 per cent QoQ as compared to Rs 5.23 crore (3.6 per cent of TIO).

    Company speak:

    The company says that two start-ups have been funded:

    BandBaajaa.com – designed to launch NDTV into the online wedding and festival planning market was funded by leading US venture capital firm CerraCap Ventures at a valuation of $20 million.

    SmartCooky.com – NDTV’s foray into creating an online marketplace for health foods & personal care products raised funding from VLCC founder Vandana Luthra and others at a valuation of $12 million.

    Gadgets360.com – NDTV’s Gadget Portal

    NDTV says Gadgets360’s e-commerce business clocked product sales of Rs 21 crore till January 2016 within two months of the launch while maintaining a positive contribution margin. NDTV says that Gadget360 shipped more than 20,000 gadgets during the aforesaid period.

  • Q3-2016: NDTV’s YoY revenue flat, operating loss lower

    Q3-2016: NDTV’s YoY revenue flat, operating loss lower

    BENGALURU: New Delhi Television Limited (NDTV) reported flat (down one per cent) year-on year (YoY) Total Income from Operations (TIO) for the quarter ended 31 December, 2015 (Q3-2016, current quarter). NDTV reported TIO of Rs 148.41 crore for Q3-2016 as compared to Rs 149.93 crore and 16.3 per cent higher QoQ growth as compared to Rs 127.60 crore.

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

    All numbers In this report are consolidated unless stated otherwise.

    The company reported a lower operating loss (EBIDTA) of Rs 4.45 crore in Q3-2016 as compared to an operating profit of Rs 13.44 crore (nine per cent margin) in Q3-2015 and an operating loss of Rs 10.91 crore in Q2-2016.

    The company reported a net loss of Rs 12.54 crore as compared to a profit after tax of Rs 1.58 crore (1.1 per cent margin) in Q3-2015 and a higher net loss of Rs 17.19 crore in the immediate trailing quarter.

    Television Media and related operations segment:

    Television Media and related operations (Television segment) also include numbers from the company’s Digital business. Television segment reported 2.2 per cent YoY revenue growth at Rs 147.96 crore as compared to Rs 144.74 crore and 18.1 per cent QoQ revenue growth and that of Rs 125.25 crore in the immediate trailing quarter.

    The segment reported operating loss of Rs 3.44 crore in the current quarter as compared to an operating profit of Rs 13.41 crore in Q3-2015 and a higher loss of Rs 8.41 crore in the immediate trailing quarter.

    Retail/E-Commerce segment:

    NDTV’s Retail/E-commerce segment reported lower revenue of Rs 3.85 crore in the current quarter as compared to Rs 6.06 crore in Q3-2015 and revenue of Rs 3.95 crore in Q2-2016. The segment reported a higher operating loss of Rs 6.50 crore in Q3-2016 as compared to an operating loss of Rs 6.02 crore in Q3-2015 and a higher operating loss of Rs 10.89 crore in Q2-2016.

    Let us look at the other numbers reported by NDTV:

    Total Expenditure (TE) in the current quarter increased 9.6 per cent YoY to Rs 159.89 crore (107.7 per cent of TIO) as compared to Rs 145.94 crore (97.3 per cent of TIO) and increased 7.5 per cent as compared to Rs 148.77 crore (116.6 per cent of TIO) in Q2-2016.

    NDTV’s consolidated Production Expense increased 6.3 per cent YoY to Rs 30.42 crore (20.5 percent of TIO) as compared to Rs 28.63 crore (19.1 per cent of TIO) and increased 7.5 per cent as compared  Rs 27.41 crore in Q2-2016.

    The company’s marketing, distribution and promotional expense (Marketing expense) in the current quarter increased 18.1 per cent YoY to Rs 36.50 crore (24.6 per cent of TIO) and increased 20.5 per cent as compared to Rs 30.28 crore (23.7 per cent of TIO) in the immediate trailing quarter. 

    NDTV’s Employee Benefit Expense increased 9.7 per cent YoY in the current quarter to Rs 50.72 crore (34.2 per cent of TIO) as compared to Rs 46.24 crore (30.8 per cent of TIO) and increased 6.5 per cent as compared to Rs 47.63 crore (37.3 per cent of TIO).

    Operating and administration expenses in Q3-2016 increased 24.8 per cent YoY to Rs 34.60 crore (23.3 per cent of TIO) as compared to Rs 27.73 crore (18.5 per cent of TIO) and grew 10.1 per cent QoQ as compared to Rs 31.42 crore (24.6 per cent of TIO).

    Finance Costs in the current quarter increased 4.8 per cent YoY to Rs 5.49 crore (3.6 per cent of TIO) as compared to Rs 5.05 crore (3.4 per cent of TIO) and increased 1.1 per cent QoQ as compared to Rs 5.23 crore (3.6 per cent of TIO).

    Company speak:

    The company says that two start-ups have been funded:

    BandBaajaa.com – designed to launch NDTV into the online wedding and festival planning market was funded by leading US venture capital firm CerraCap Ventures at a valuation of $20 million.

    SmartCooky.com – NDTV’s foray into creating an online marketplace for health foods & personal care products raised funding from VLCC founder Vandana Luthra and others at a valuation of $12 million.

    Gadgets360.com – NDTV’s Gadget Portal

    NDTV says Gadgets360’s e-commerce business clocked product sales of Rs 21 crore till January 2016 within two months of the launch while maintaining a positive contribution margin. NDTV says that Gadget360 shipped more than 20,000 gadgets during the aforesaid period.

  • VLCC’s Vandana Luthra invests in NDTV’s Smartcooky.com

    VLCC’s Vandana Luthra invests in NDTV’s Smartcooky.com

    MUMBAI: VLCC founder Vandana Luthra has invested an undisclosed amount in NDTV’s e-commerce platform Smartcooky.com.

    The company has previously raised funds from multiple investors, which values the startup at $12 million. 

    The platform will sell healthy foods and personal care products across the country and is based on the network’s current food website,www.food.ndtv.com. The funding for the platform, which claims to have over three million unique visitors a month, has come through NDTV’s subsidiary SmartCooky Internet Limited.

    The new content site will help in making healthy choices in the daily life by offering a well chosen selection of quality products.

    Speaking on the investment, NDTV Group executive co-chairperson Dr. Prannoy Roy said, “We are delighted to have Mrs. Vandana Luthra, a pioneer in the field of wellness, as an investor in Smartcooky. We see this alliance as a strategic one, where both parties are bound to gain.”

    On this new deal, Smartcooky director Seema Chandra added, “We are very pleased to have Mrs. Luthra as our investor, as she brings on board a wealth of knowledge about the well ness space from a global perspective and would give SmartCooky a strategic edge in this high growth market. She will join the other marquee investors on Smartcooky and mentor the business as we move a long.”

    Luthra said, “The health and wellness industry is growing rapidly and is very dynamic. Having been in the industry for 26 years, I believe that there is a need for such a platform, which can inform on and deliver quality health and wellness products to consumers and further grow the market. I look forward to working with the Smartcooky team and wish them the very best.”

    “Baseline is delighted to facilitate Mrs. Vandana Luthra’s association with the Smartcooky venture of NDTV. Mrs. Luthra has revolutionised the concept of wellness in our country and with her coming on board of this exciting new venture of NDTV, it will surely be a great symbiotic relationship between them,” voiced NDTV’s online wedding market Baseline Ventures MD Tuhin Mishra.

    Smartcooky’s other investors include Google VP and MD South East Asia and India Rajan Anandan, Genpact former president and CEO Pramod Bhasin, Manipal Group Education chairman Siddarth Pai and Unilever executive board member Manvinder Singh Banga.

  • VLCC’s Vandana Luthra invests in NDTV’s Smartcooky.com

    VLCC’s Vandana Luthra invests in NDTV’s Smartcooky.com

    MUMBAI: VLCC founder Vandana Luthra has invested an undisclosed amount in NDTV’s e-commerce platform Smartcooky.com.

    The company has previously raised funds from multiple investors, which values the startup at $12 million. 

    The platform will sell healthy foods and personal care products across the country and is based on the network’s current food website,www.food.ndtv.com. The funding for the platform, which claims to have over three million unique visitors a month, has come through NDTV’s subsidiary SmartCooky Internet Limited.

    The new content site will help in making healthy choices in the daily life by offering a well chosen selection of quality products.

    Speaking on the investment, NDTV Group executive co-chairperson Dr. Prannoy Roy said, “We are delighted to have Mrs. Vandana Luthra, a pioneer in the field of wellness, as an investor in Smartcooky. We see this alliance as a strategic one, where both parties are bound to gain.”

    On this new deal, Smartcooky director Seema Chandra added, “We are very pleased to have Mrs. Luthra as our investor, as she brings on board a wealth of knowledge about the well ness space from a global perspective and would give SmartCooky a strategic edge in this high growth market. She will join the other marquee investors on Smartcooky and mentor the business as we move a long.”

    Luthra said, “The health and wellness industry is growing rapidly and is very dynamic. Having been in the industry for 26 years, I believe that there is a need for such a platform, which can inform on and deliver quality health and wellness products to consumers and further grow the market. I look forward to working with the Smartcooky team and wish them the very best.”

    “Baseline is delighted to facilitate Mrs. Vandana Luthra’s association with the Smartcooky venture of NDTV. Mrs. Luthra has revolutionised the concept of wellness in our country and with her coming on board of this exciting new venture of NDTV, it will surely be a great symbiotic relationship between them,” voiced NDTV’s online wedding market Baseline Ventures MD Tuhin Mishra.

    Smartcooky’s other investors include Google VP and MD South East Asia and India Rajan Anandan, Genpact former president and CEO Pramod Bhasin, Manipal Group Education chairman Siddarth Pai and Unilever executive board member Manvinder Singh Banga.