Tag: Ortel

  • Odisha’s OTT TarangPlus ready for bigger, better things

    Odisha’s OTT TarangPlus ready for bigger, better things

    KOLKATA: In the state of Odisha, a little known regional OTT called TarangPlus is slowly but surely making its presence felt. Not many mainline players have heard of it and those who have, don’t put much store by it. But in the world of digital, dismissing anyone can prove fatal. Today’s minnow can become tomorrow’s whale shark.

    Coming from the news-based Odisha Television network stable, which was founded by feisty entrepreneur and cable TV professional Jagi Mangat, TarangPlus is being steered by her sharp daughter Litisha Mangat.

    An alumnus of IIM Calcutta, the young lady, who serves as the group’s digital operating officer, says she has set her sights on the big picture.

    “What I am doing today may not have an impact in the short-term but it will definitely work in the long run,” assures the 20-something Litisha, who came on board TarangPlus only last year. “Lack of technology was one major issue when I joined. I am getting into more technologies which can integrate between TV and OTT because TV is not going anywhere,” she adds.

    Launched in November 2019 as a platform to make progressive content, TarangPlus is Odisha TV’s biggest investment and bet. “We knew that society is moving forward and we need to move forward along with it. I am not aware of anybody in Odisha making as much as progressive content as we are,” Litisha claims.

    The users on the platform are a “young, energetic and liberal crowd,” she adds, “aged between 18-34 from both the major cities in Odisha and from the hinterlands. The user demography is almost similar for both catch-up content and premium shows on AVoD and SVoD respectively.”

    Currently, the ratio of network content and original content on the platform is 20:80. The idea was to launch a new piece of content every month; but Covid2019 put paid to those ambitions. Litisha continues to have her eye on that target, and will get things moving once large-scale shoots get the go-ahead from the authorities.

    The silver lining, according to her, is that the last four-five months were a great opportunity for the team to study how consumers were navigating the app as there was not much fresh content being served on TV because of the lockdown. They got to measure and understand how many people actually made the switch to digital along with what they were consuming.

    “We learnt what audiences want and that is what we are heading towards,” she states. “Our marketing strategy is simple. We pride ourselves as Odias. Odisha is a beautiful state replete with culture, lovely traditions and progressive festivals like Raja Parba (a festival that celebrates menstruation and womanhood.) We just want to tell stories that focus on showcasing the pride of Odisha.”

    She is quite sanguine that TarangPlus has many advantages to its credit: being the first and only regional OTT platform in Odia, it will appeal to Odia diaspora who will love to watch, endorse the organic content that the platform has in store.

    She is hoping to sign on at least two million active users in the coming year. Will she get there?

    Well, she has the pedigree. Her father Jay Panda is a senior BJP leader.

    And her mother, Jagi Mangat, is a trailblazer. She was the founder of the Ortel – Orissa’s MSO, which promised a lot initially but then failed. However, Jagi did not let that debacle deter her: she poured all her energy into OTV, expanded the channels under its portfolio by launching Tarang TV, Tarang Music, and Prarthana. Today, the Odisha TV network has burst into the top 15 Indian network league, just below ABP News. And the Youtube channel of OTV, boasts of a healthy four million subs.

    Thinking back to when Odisha TV set out to prop its digital business, Litisha proudly says it was the first broadcaster in the state to do so. Realising the necessity to have a digital footprint, the network had launched its website nearly eight years ago. Later, the company also decided to launch two apps – one dedicated to news and the other serving general entertainment content. Moreover, it also has a user-generated news platform called Odisha Reporter which lets common people report on day-to-day issues and developments.

    With that kind of a heritage, Litisha can only forge ahead.

  • Broadband on cable fibre declining?

    Broadband on cable fibre declining?

    BENGALURU: Is broadband on cable fibre on the decline in India? Results over the past few quarters of some of the multisystem operators or MSOs seem to indicate just that. Mukesh Dhirubhai Ambani’s largest start up in the world Reliance Jio Infocom Ltd (JIO) is the one of the biggest upheavals that has happened in the Indian telecommunications ecosystem ever. With its operations of scale and low cost services, there just does not seem to be a better bet for the prudent Indian internet user. What is missing is quality of services, but, then that is the case also with all the major mobile  and internet service providers in India, be it an Airtel or a Jio or a Vodafone or the public sector BSNL and MTNL.

    Wired broadband internet subscriber numbers have been declining, while wireless broadband internet subscribers have been growing according to Telecom Regulatory Authority of India (Trai) data. Among the top five wired internet services providers in India, BSNL and MTNL have been slowly and steadily losing subscribers. However, the overall loss of wired broadband subscribers is higher than the numbers bled by these two public sector behemoths. Subscription numbers of the other three players in Trai’s top five wired broadband internet service providers list such as Bharti Airtel, ACT and Hathway have been either increasing slowly or have been steady month-on-month in calendar year 2018 according to Trai data. MSOs and LCOs are among the other wired internet service providers in the country. Financial numbers released by major and other MSO and wired internet service providers such as Siti Networks, Den or Ortel indicate lower revenues from their respective broadband segments, implying either loss of subscribers or lower ARPU due to competitive pricing or both.

    Is the laying of fibre cable or FTTH (fibre to the home) that Jio has planned to provide broadband internet services to the doorstep out the right way forward? Anything that Reliance does will be on a huge scale. However, why not pause and limit the size of Jio’s FTTH plans and then leapfrog and start offering 5G services? 5G is a wireless service to the user’s door and needs no messy holes or wires for access into the user’s home. All that is needed by the user is a modem that works like a wireless modem.

    Affordable 5G services could effectively change how a user receives internet and related services. It’s not going to be easy and will require a huge amount of capital for the infrastructure for line of sight transmission in crowded cities, etc. But, already players such as AT&T and Verizon in the US have planned a slow but steady rollout of 5G services in the US. One the US majors will roll 5G services first in four cities by the end of 2018 and then across the US over time. Players in the US are planning to bundle 5G services with offers such as free Youtube.com TV and Apple TV 4K for a limited period of time. Jio has the resources, the wherewithal to do so.

    Of course 5G could be even more bad news for the current Indian cable TV ecosystem’s wired broadband offerings, maybe even the current Indian media and entertainment ecosystem, but could be a huge beneficial and cost effective game changer for the user. Using the cliché, change is the only constant, well maybe the entire ecosystem that brings entertainment to the common Indian does need a huge shakeup?

  • Ortel to issue shares worth Rs 8.75 cr to promoters

    Ortel to issue shares worth Rs 8.75 cr to promoters

    MUMBAI: The board of directors of Ortel Communications, the multi-system operator (MSO), has approved the issue of equity shares to promoter group entities.

    According to the release issued to the BSE, the company has proposed to issue 25 lakh equity shares at an issue price of Rs 35 per share to the promoters on a preferential basis for an aggregate amount of Rs 8.75 crore.

    Furthermore, the board has also approved the issue of 9 per cent cumulative, non-convertible, redeemable preference shares for an amount not exceeding Rs 10 crore by way of private placement for a period of five years.

    It has also approved the acceptance of fresh inter-corporate loan of Rs 8 crore at 9 per cent per annum for a period of five years.

    The board has convened an extraordinary general meeting of the company on 9 April to approve the issue of equity shares and redeemable preference shares.

  • Ortel to move broadband business to new entity

    Ortel to move broadband business to new entity

    MUMBAI: Multi-system operator Ortel Communications Ltd plans to incorporate a new wholly owned subsidiary, Ortel Broadband Ltd, in order to operate the broadband business separately. 

    In a release to the Bombay Stock Exchange today, Ortel Communications stated that the board of directors had approved the decision. The company will transfer the broadband business to this new entity subject to requisite approvals.

    The restructuring of the business comes on the back of the company facing severe competition in its core market Odisha and a shortfall in collections and repayment of debt.

    Ortel, with its operations focused in Odisha, Chhattisgarh, Andhra Pradesh, Telengana, West Bengal, and Madhya Pradesh, has been a trendsetter in offering customer-centric broadband plans. 

    Taking a big step towards recovery, the company unveiled its new unlimited data plans starting from Rs 99 per month last week.

    Also read:

    Ortel takes on competition with new broadband plans

    Multiple challenges weaken Ortel numbers in second quarter

  • Multiple challenges weaken Ortel numbers in second quarter

    Multiple challenges weaken Ortel numbers in second quarter

    BENGALURU: Hit by multiple challenges, Indian regional multi-system operator (MSO) Ortel Communications Ltd (Ortel) reported lower numbers and posted net loss–the second one this fiscal–for the quarter ended 30 September 2017 (Q2 FY 2017-18). The company expects the business to stabilise one year down the line.

    Ortel president and CEO Bibhu Prasad Rath explained the performance in an earnings release, “Our performance during the quarter further weakened due to multiple challenges faced by us, including severe competition in our core market, collections shortfalls, repayment of debt as well as integration issues among others.

    “Financial year 2017-18 has been a difficult year for us on all fronts and we are actively working towards restoring the business performance. We have taken many firm steps to turnaround our performance over the last few months and we expect operations to improve going forward. However, we will take one year to fully stabilise our business. In the near term, our main effort is to improve cash collections, which will help us through this difficult phase of the company. We remain committed to our B-to-C ‘last-mile’ business model and believe it will help us through this tough operating environment.”

    Declining average revenue per user (ARPUs), higher programming costs due to increase in cable TV subscribers, and higher bandwidth costs despite a lower internet subscriber base have impacted the company’s numbers.

    Despite dropping prices for the consumer due to competition with other big internet players, the company has been losing broadband subscribers. Ortel witnessed 17.6 percent year-on-year (y-o-y) decline in the broadband subscriber base between Q2 FY 2017-18 and Q2 FY 2016-17
     

  • Ortel plans Rs 300 cr investment to improve efficiency & reach

    Ortel plans Rs 300 cr investment to improve efficiency & reach

    MUMBAI: Odisha’s largest multi-system operator (MSO) Ortel Communications plans to invest Rs 300 crore on expansion over the next two years. Ortel CEO BP Rath said it would utilise IPO proceeds, internal accrual, debt and equity to meet its need.

    Ortel, a regional cable television service-provider, is engaged in the distribution of analog and digital cable television services, high-speed broadband services & Voice over Internet Protocol services. Currently focused in the states of Orissa, Chhattishgarh, Andra Pradesh, Telangana, Madhya Pradesh & West Bengal, Ortel focuses on building a two-way state-of-the-art communication network enabled for ‘Triple Play’ services (video , data, and voice capabilities) with control over the ‘last mile’ .

    Rath said that Ortel would be making the investment on upgrading and expansing its infrastructure. The investment would help strengthen Ortel’s efficiency, reach and competitiveness. Ortel, which manages 90 per cent of its subscribers directly, in September last year, had a subs base of around 805,000.

    Also Read:

    BSNL leader in wireline b’band subs addition in Oct-16; Jio joins top five wireless list

    MSO Ortel strengthens digital payment services

    Q1-17: Infrastructure leasing segment pulls down Ortel’s numbers

     

  • Ortel plans Rs 300 cr investment to improve efficiency & reach

    Ortel plans Rs 300 cr investment to improve efficiency & reach

    MUMBAI: Odisha’s largest multi-system operator (MSO) Ortel Communications plans to invest Rs 300 crore on expansion over the next two years. Ortel CEO BP Rath said it would utilise IPO proceeds, internal accrual, debt and equity to meet its need.

    Ortel, a regional cable television service-provider, is engaged in the distribution of analog and digital cable television services, high-speed broadband services & Voice over Internet Protocol services. Currently focused in the states of Orissa, Chhattishgarh, Andra Pradesh, Telangana, Madhya Pradesh & West Bengal, Ortel focuses on building a two-way state-of-the-art communication network enabled for ‘Triple Play’ services (video , data, and voice capabilities) with control over the ‘last mile’ .

    Rath said that Ortel would be making the investment on upgrading and expansing its infrastructure. The investment would help strengthen Ortel’s efficiency, reach and competitiveness. Ortel, which manages 90 per cent of its subscribers directly, in September last year, had a subs base of around 805,000.

    Also Read:

    BSNL leader in wireline b’band subs addition in Oct-16; Jio joins top five wireless list

    MSO Ortel strengthens digital payment services

    Q1-17: Infrastructure leasing segment pulls down Ortel’s numbers

     

  • Q2-17: Higher subscription revenue, activation fees boosts Ortel revenue

    Q2-17: Higher subscription revenue, activation fees boosts Ortel revenue

    BENGALURU: The Bibhu Prasad Rath led regional cable television and broadband internet player Ortel Communications Limited (Ortel) reported 17.3 percent year-over-year (y-o-y) growth in total revenue from operations (TIO) for the quarter ended 30 September 2016 (Q2-17, current quarter). Quarter-over-quarter (q-o-q), TIO increased 2.5 percent in the current quarter as compared to the immediate trailing quarter. Ortel reported TIO of Rs 53.7 crore for Q2-17, of Rs 45.8 crore for Q2-16 and Rs 52.4 crore for Q1-17.

    Profit after tax (PAT) for Q2-17 declined 10.2 percent y-o-y to Rs 2.5 crore from Rs 2.8 crore in Q2-16, but almost tripled (2.95 times) q-o-q from Rs 0.9 crore in Q1-17.

    Company speak:

    Ortel President and CEO Rath said, “We reported steady performance during the quarter led by balanced growth in Cable TV and Broadband revenues. Subscription fees in both the segments jumped by 7 percent q-o-q. More importantly, I am happy to highlight that the overall costs have stabilized with 5 percent reduction in Total Expenses. This was possible due to management’s focus on efficiency and cost rationalisation.”

    “During the quarter, we turned EBITDA positive in the emerging markets of Andhra Pradesh, Chhattisgarh, West Bengal, Telengana and Madhya Pradesh. I believe, this is a huge positive for us and I am confident that the operating performance in the emerging markets will further improve as the subscriber base increases,” said Rath further.

    “The road ahead appears encouraging and we remain on track to demonstrate solid performance in times ahead. Full control over the last mile network as well as our strategy of focusing on B2C customers will continue to drive growth for us,” revealed Rath.

    Revenue breakup

    Cable TV revenue in Q2-17 increased 35.8 percent y-o-y to Rs 42 crore from Rs 30.9 crore in Q2-16 and increased 2 percent q-o-q from Rs 41.2 crore.

    Cable TV Activation fees or connection fees in Q2-17 were almost 6 times (5.9 times) at Rs 4.2 crore as compared to Rs 0.7 crore in Q2-16, but declined 8.1 percent q-o-q from Rs 4.6 crore.

    Cable TV subscription revenue in Q2-17 increased 44.4 percent y-o-y to Rs 29.7 crore from Rs 20.6 crore and increased 7.2 percent q-o-q from Rs 27.7 crore. Channel carriage fees in the current quarter declined 16 percent y-o-y to Rs 8.1 crore from Rs 9.7 crore and declined 9 percent q-o-q from Rs 8.9 crore.

    Broadband services revenue in Q2-17 increased 22.4 percent to Rs 10 crore from Rs 8.1 crore in Q2-16 and increased 4.8 percent q-o-q from Rs 9.5 crore. Internet connection fees in Q2-17 declined 33 percent y-o-y to Rs 0.5 crore from Rs 0.7 crore and declined 24.8 percent q-o-q. Internet subscription fees in Q2-17 increased 27.9 percent y-o-y to Rs 9.5 crore from Rs 7.4 crore and increased 7 percent q-o-q from Rs 8.8 crore.

    Ortel’s revenue from its infrastructure leasing segment in Q2-17 declined 83.5 percent to Rs 1 crore from Rs 6 crore in Q2-16 but increased 3.2 percent q-o-q.

    Subscription numbers (revenue generating units – RGUs’), ARPU

    During the current quarter, the total subscribers (both cable and television) stood at 804,889 subscribers. Net addition in Q2-17 stood at 34,748

    Television ARPU’s remained almost flat. Analog and Digital TV ARPU stood as Rs. 153 per month and Rs. 154 per month for Q2-17 and Q2-16 respectively. For the immediate trailing quarter, ARPU was Rs 152. Digital ARPU’s have been falling. In Q2-17 it was Rs 167, in Q2-16, it was Rs 183 and Q1-17, ARPU was Rs 169.

    The company added 1.573 broadband subscribers in Q2-17, taking its total broadband subscriber count to 79,182.

    Broadband ARPU in the current quarter increased to Rs 406 from Rs 395 in Q2-16 and Rs 401 in Q1-17.

    Let us look at the other numbers reported by Ortel in brief.

    Total expenses (TE) in Q2-17 increased 20 percent y-o-y to Rs 37.2 crore as compared to Rs 31 crore, and declined 4.8 percent q-o-q from Rs 39 crore.

    Programming cost in Q2-17 declined 8.5 percent y-o-y at Rs. 8.6 crore as compared to Rs 9.4 crore and declined 13.3 percent from Rs 10 crore. Employee expenses during the current quarter stood 6.8 percent higher y-o-y at Rs. 6 crore as compared to Rs 5.6 crore, but declined 3.1 percent q-o-q from Rs 6.2 crore.

    EBITDA in Q2-17 (including other income) came in at Rs. 17.1 crore (31.5 percent margin), representing a y-o-y decline of 1.2 percent from Rs 17.3 (35.8 percent margin), but a 22.8 percent q-o-q increase from Rs 13.9 crore (26.3 percent margin).

    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.

     

  • Q2-17: Higher subscription revenue, activation fees boosts Ortel revenue

    Q2-17: Higher subscription revenue, activation fees boosts Ortel revenue

    BENGALURU: The Bibhu Prasad Rath led regional cable television and broadband internet player Ortel Communications Limited (Ortel) reported 17.3 percent year-over-year (y-o-y) growth in total revenue from operations (TIO) for the quarter ended 30 September 2016 (Q2-17, current quarter). Quarter-over-quarter (q-o-q), TIO increased 2.5 percent in the current quarter as compared to the immediate trailing quarter. Ortel reported TIO of Rs 53.7 crore for Q2-17, of Rs 45.8 crore for Q2-16 and Rs 52.4 crore for Q1-17.

    Profit after tax (PAT) for Q2-17 declined 10.2 percent y-o-y to Rs 2.5 crore from Rs 2.8 crore in Q2-16, but almost tripled (2.95 times) q-o-q from Rs 0.9 crore in Q1-17.

    Company speak:

    Ortel President and CEO Rath said, “We reported steady performance during the quarter led by balanced growth in Cable TV and Broadband revenues. Subscription fees in both the segments jumped by 7 percent q-o-q. More importantly, I am happy to highlight that the overall costs have stabilized with 5 percent reduction in Total Expenses. This was possible due to management’s focus on efficiency and cost rationalisation.”

    “During the quarter, we turned EBITDA positive in the emerging markets of Andhra Pradesh, Chhattisgarh, West Bengal, Telengana and Madhya Pradesh. I believe, this is a huge positive for us and I am confident that the operating performance in the emerging markets will further improve as the subscriber base increases,” said Rath further.

    “The road ahead appears encouraging and we remain on track to demonstrate solid performance in times ahead. Full control over the last mile network as well as our strategy of focusing on B2C customers will continue to drive growth for us,” revealed Rath.

    Revenue breakup

    Cable TV revenue in Q2-17 increased 35.8 percent y-o-y to Rs 42 crore from Rs 30.9 crore in Q2-16 and increased 2 percent q-o-q from Rs 41.2 crore.

    Cable TV Activation fees or connection fees in Q2-17 were almost 6 times (5.9 times) at Rs 4.2 crore as compared to Rs 0.7 crore in Q2-16, but declined 8.1 percent q-o-q from Rs 4.6 crore.

    Cable TV subscription revenue in Q2-17 increased 44.4 percent y-o-y to Rs 29.7 crore from Rs 20.6 crore and increased 7.2 percent q-o-q from Rs 27.7 crore. Channel carriage fees in the current quarter declined 16 percent y-o-y to Rs 8.1 crore from Rs 9.7 crore and declined 9 percent q-o-q from Rs 8.9 crore.

    Broadband services revenue in Q2-17 increased 22.4 percent to Rs 10 crore from Rs 8.1 crore in Q2-16 and increased 4.8 percent q-o-q from Rs 9.5 crore. Internet connection fees in Q2-17 declined 33 percent y-o-y to Rs 0.5 crore from Rs 0.7 crore and declined 24.8 percent q-o-q. Internet subscription fees in Q2-17 increased 27.9 percent y-o-y to Rs 9.5 crore from Rs 7.4 crore and increased 7 percent q-o-q from Rs 8.8 crore.

    Ortel’s revenue from its infrastructure leasing segment in Q2-17 declined 83.5 percent to Rs 1 crore from Rs 6 crore in Q2-16 but increased 3.2 percent q-o-q.

    Subscription numbers (revenue generating units – RGUs’), ARPU

    During the current quarter, the total subscribers (both cable and television) stood at 804,889 subscribers. Net addition in Q2-17 stood at 34,748

    Television ARPU’s remained almost flat. Analog and Digital TV ARPU stood as Rs. 153 per month and Rs. 154 per month for Q2-17 and Q2-16 respectively. For the immediate trailing quarter, ARPU was Rs 152. Digital ARPU’s have been falling. In Q2-17 it was Rs 167, in Q2-16, it was Rs 183 and Q1-17, ARPU was Rs 169.

    The company added 1.573 broadband subscribers in Q2-17, taking its total broadband subscriber count to 79,182.

    Broadband ARPU in the current quarter increased to Rs 406 from Rs 395 in Q2-16 and Rs 401 in Q1-17.

    Let us look at the other numbers reported by Ortel in brief.

    Total expenses (TE) in Q2-17 increased 20 percent y-o-y to Rs 37.2 crore as compared to Rs 31 crore, and declined 4.8 percent q-o-q from Rs 39 crore.

    Programming cost in Q2-17 declined 8.5 percent y-o-y at Rs. 8.6 crore as compared to Rs 9.4 crore and declined 13.3 percent from Rs 10 crore. Employee expenses during the current quarter stood 6.8 percent higher y-o-y at Rs. 6 crore as compared to Rs 5.6 crore, but declined 3.1 percent q-o-q from Rs 6.2 crore.

    EBITDA in Q2-17 (including other income) came in at Rs. 17.1 crore (31.5 percent margin), representing a y-o-y decline of 1.2 percent from Rs 17.3 (35.8 percent margin), but a 22.8 percent q-o-q increase from Rs 13.9 crore (26.3 percent margin).

    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.

     

  • Q1-17: Infrastructure leasing segment pulls down Ortel’s numbers

    Q1-17: Infrastructure leasing segment pulls down Ortel’s numbers

    BENGALURU: The Bibhu Prasad Rath led regional cable television and broadband internet player Ortel Communications Limited (Ortel) reported less than one third  ( 1/3.6 times) profit after tax (PAT) for the quarter ended 30 June 2016 (Q1-17, current quarter). Ortel reported PAT in Q1-17 at Rs 0.86 crore (1.6 percent margin) as compared to Rs 3.05 crore (7.5 percent margin) in the corresponding quarter of the previous year. The improved performance by company’s cable and broadband segments were pulled down by the lower execution of the company’s Infrastructure Leasing segment. Cable TV and broadband segments are the major contributors to Ortel’s numbers.

    Ortel provides services in the Indian states of Odisha, Chhattisgarh, Andhra Pradesh, Madhya Pradesh and West Bengal.

    Ortel’s Total Income from Operations (TIO) increased 29.1 percent year-over-year (y-o-y) in the current year to Rs 52.42 crore as compared to Rs 40.60 crore in Q1-16. TIO declined marginally (declined 1.6 percent) quarter-over-quarter (q-o-q) from Rs 53.28 crore in Q4-16.

    Company speak:

    Ortel President and CEO Rath said, “We have begun the year on a positive note with healthy results in our Cable Television and Broadband segments. This is reflected in the revenues which grew y-o-y by 45 percent and 26 percent respectively in Q1-17. I am also pleased to highlight that the total subscriber addition stood strong at 68,949 during the quarter taking our total subscriber base to 770,141. Our profitability however was impacted during the period under review primarily due to lower quarterly execution in the  Infrastructure Leasing business. Going forward I expect Infrastructure Leasing business to return back to normalcy in the coming quarters as execution picks up.

    Revenue breakup

    Cable TV revenue in Q1-17 increased 44.9 percent y-o-y to Rs 41.20 crore from Rs 28.43 crore in Q1-16 and increased 5.3 percent q-o-q from Rs 39.14 crore.

    Cable TV Activation fees or connection fees in Q1-17 were  almost 7 times at Rs 4.6 crore as compared to Rs 0.7 crore in Q1-16, but declined 23.8 percent q-o-q from Rs 6 crore. Cable TV subscription revenue in Q1-17 increased 38.7 percent y-o-y to Rs 27.7 crore from Rs 20 crore and increased 11.5 percent q-o-q from Rs 24.8 crore. Channel carriage fees in the current quarter increased 14.3 percent y-o-y to Rs 8.9 crore from Rs 7.8 crore and increased 7.8 percent q-o-q from Rs 8.3 crore.

    Broadband services revenue in Q1-17 increased 26 percent to Rs 9.5 crore from Rs 7.5 crore in Q1-16 and increased 6.3 percent q-o-q from Rs 8.9 crore. Internet connection fees in Q1-17 increased 13.4 percent y-o-y to Rs 0.7 crore from Rs 0.6 crore and increased 1.6 percent q-o-q. Internet subscription fees in Q1-17 increased 27 percent y-o-y to Rs 8.8 crore from Rs 7 crore and increased 6.6 percent q-o-q from Rs 8.3 crore.

    Ortel’s revenue from its infrastructure leasing segment in Q1-17 declined 75.4 percent to Rs 10 crore from Rs3.9 crore in Q1-16 and declined 78.4 percent q-o-q from Rs 4.4 crore.

    On a geographical basis, in the current quarter, revenue from Ortel’c core market – Odisha increased 13.9 percent to Rs 42.2 crore from Rs 37.1 crore but declined 5.3 percent q-o-q from Rs 44.6 crore. EBIDTA from the Odisha region in Q1-17 increased 5.5 percent y-o-y to Rs 17.2 crore from Rs 16.3 crore but declined 14.3 percent q-o-q from Rs 20.1 crore

    Revenue from Ortel’s Emerging Markets (Chhattisgarh, Madhya Pradesh, Andhra Pradesh, Telengana and West Bengal) more than tripled (3.2 times) y-o-y to Rs 9.7 crore in q1-17 from Rs 3 crore and increased 15.3 percent q-o-q from Rs 8.4 crore. Emerging markets reported lower negative EBIDTA in Q1-17 at Rs 0.7 crore as compared to a negative EIDTA of Rs 1 crore in Q1-16  and same as the negative EBIDTA of Rs 0.7 crore in Q4-16.

    Subscription numbers (revenue generating units – RGUs’), ARPU

    During the current quarter, the total subscribers (both cable and television) stood at 770,141 subscribers. Net addition in Q1-17 stood at 68,949 as compared to 74,717 subscriber additions in Q4-16. Percentage of digital TV subscribers in Q1-17 increased to 43.6 from 37.1 in the immediate trailing quarter.

    Television ARPU’s have been falling. Analog and Digital TV ARPU stood as Rs. 141 per month and Rs. 169 per month respectively. Digital ARPU in Q1-16 was Rs 185 and in Q4-16, it was Rs 178.

    The company added 5,124 broadband subscribers in Q1-17, taking its total broadband subscriber count to 77.609.

    Broadband ARPU in the current quarter increased to Rs 401 from Rs 393 in Q1-16 and Rs 398 in Q4-16.

    Let us look at the other numbers reported by Ortel in brief.

    Higher y-o-y total expenses (TE) in Q1-17 have also resulted in the lower PAT numbers for Q1-17 vis-à-vis Q1-16. Ortel’s TE in the current quarter increased 33.2 percent y-o-y to Rs 45.86 crore (87.5 percent of TIO) as compared to Rs 34.42 crore (84.8 percent of TIO), and increased 2.3 percent q-o-q from Rs 44.82 crore (84.1 percent of TIO).

    Programming cost in Q1-17 came in higher at Rs. 10 crore. Employee expenses during the current quarter stood higher y-o-y at Rs. 6.22 crore. EBITDA in Q1-17 (including other income) came in at Rs. 12.51 crore, representing a q-o-q decline of 6.1 percent.

    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.