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Tag: PAT

  • Inox reports increase in revenue, profits for second quarter

    Inox reports increase in revenue, profits for second quarter

    BENGALURU: Indian cinema chain Inox Leisure Limited (Inox) has reported improved revenue and net profit after tax (PAT) for the quarter ended 30 September 2017 (Q2-18, current quarter) as compared to the corresponding quarter of the previous year (Q2-17, year ago quarter). Inox revenue from operations for Q2-18 increased 4.7 percent to Rs 3,112.6 million from Rs 2,973.8 million for Q2-17 (y-o-y). Profit after tax for the current period increased more than sevenfold (7.49 times) y-o-y to Rs 116.8 millon from Rs 15.6 million.

    Total income increased 4.9 percent y-o-y in Q2-18 to Rs 3,141.5 million from Rs 2,995.1 million. Operating profit (EBIDTA) for the current quarter increased 63.4 percent y-o-y to Rs 444.2 million from Rs 271.9 million.

    Inox says in its investor presentation that net box office collection (NBOC) increased in the current quarter to Rs 1,856 million from Rs 1,794 million. Advertisement revenue increased to Rs 321 million from Rs 23.8 million. Other operating revenues increased to Rs 264 million from Rs 240 million. Net food and beverages (F&B) revenue in the current quarter reduced to Rs 671 million from Rs 702 million in Q2-17.

    Though overall footfalls in Q2-18 increased to 12.75 million from 12.7 million in Q2-17, occupancy declined by 1 percent to 25 percent in Q2-18 from 26 percent in Q2-17. Overall average ticket price increased to Rs 186 in the current quarter from Rs 183 in the corresponding year ago quarter.

    The company says that the top five grossing movies in Q2-18 were Toilet-Ek Prem Katha (1.244 million footfalls, Gross Box Office Collection or GBOC of Rs 247.5 million; Spiderman Homecoming (0.623 million footfalls, GBOC Rs 131.1 million; Jab Harry Met Sejal (0.539 million footfall, GBOC Rs 119.6 million); Jagga Jasoos (0.605 million footfalls, GBOC Rs 113.9 million) and Mubarakan (0.561 million footfalls, GBOC Rs 103.3 million).

    Let us look at the other numbers reported by the company

    Total expenditure declined 13.1 percent y-o-y to Rs 2,963.1 million in Q2-18 from Rs 2,968 million. Exhibition costs increased 2.1 percent y-o-y in the current quarter to Rs 884.6 million from Rs 866.3 million. F&B costs declined 8.5 percent y-o-y to Rs 167.6 million y-o-y from Rs 183.1 million. Employee benefits expense increased 6.8 percent y-o-y to Rs 233 million from Rs 218.1 million. Finance costs in the current quarter increased 25.3 percent y-o-y to Rs 73.2 million from Rs 58.4 million. Other expenses reduced 3.6 percent y-o-y to Rs 1,383.2 million in Q2-18 from Rs 1,434.4 million.

  • PVR reports lower numbers for second quarter

    PVR reports lower numbers for second quarter

    BENGALURU: Indian entertainment and exhibition company PVR Limited (PVR) reported a slight decline in total revenue for the quarter ended 30 September 2017 (Q2-18, current quarter) as compared to the corresponding year ago quarter (y-o-y). Operating profit (EBIDTA), net profit after tax (PAT) and total comprehensible income attributable to equity shareholders (TCI) of the parent company for current quarter were also lower as compared to Q2-17.

    PVR’s operating revenue declined 1.1 percent y-o-y in the current quarter to Rs 5,553.6 million from Rs 5,613 million. Total Income (TI) in Q2-18 declined 3.3 percent y-o-y to Rs 5,595.2 million from Rs 5,613 million. EBIDTA including other income for Q2-18 declined 18 percent y-o-y to Rs 946.7 million (16.9 percent of TI) from Rs 1,154.6 million (19.9 percent of TI). PAT for the current quarter declined 13.6 percent y-o-y to Rs 251.7 million (4.5 percent of TI) from Rs 291.3 million (5 percent of TI). TCI declined in Q2-18 by 14.4 percent y-o-y to Rs 246.5 million (4.4 percent of TI) from Rs 288.1 million (5 percent of TI).

    PVR reports revenue from two segments – movie exhibition and others. The movie exhibition segment saw a 3 percent y-o-y increase in operating revenue to Rs 5,321.9 million from Rs 5,164.6 million. The segment had 4.4 percent y-o-y decline in operating results at Rs 381.7 million from Rs 399.4 million. Others segment revenue saw 42.3 percent y-o-y to Rs 331.8 million from Rs 575.2 million. Others segment had an operating loss of Rs 8.9 million as compared to an operating profit of Rs 40.5 million as compared to the corresponding year ago quarter.

    PVR’s total expenditure for the current quarter was almost flat (up by 0.6 percent) y-o-y at Rs 5,202.3 million from Rs 5,173 million. Finance cost was up 6.9 percent y-o-y to Rs 207.1 million in Q2-18 from Rs 193.7 million.

    Movie exhibition cost in Q2-18 increased 16.4 percent y-o-y to Rs 1,334.5 million from Rs 1,146.4 million. Cost of food and beverages in the current quarter increased 8 percent y-o-y to Rs 384.7 million from Rs 356.5 million.

    Employee benefits expense in Q2-18 increased 7.8 percent y-o-y to Rs 586.6 million from Rs 544 million. Rent expenses in the current quarter were almost flat (declined 0.2 percent) y-o-y to Rs 971.6 million from Rs 973.4 million. Other expenses in Q2-18 declined 15 percent y-o-y to Rs 1,371.1 million from Rs 1,613.6 million.

  • Backed by new media, Shemaroo reports improved numbers for first quarter

    Backed by new media, Shemaroo reports improved numbers for first quarter

    BENGALURU: Indian integrated media content house Shemaroo Entertainment Limited (Shemaroo) reported  8.6 percent higher  y-o-y consolidated Total Revenue for the quarter ended 30 June 2017 (Q1-17, current quarter) at Rs 1,045.1 million as compared to the Rs 962 million in Q1-17. Shemaroo’s consolidated PAT for the current quarter improved 21.5 percent y-o-y to Rs 160.30 million (15.3 percent margin) as compared to the Rs 131.90 million (13.7 percent margin) in the corresponding quarter of the previous year.

    Revenue from operations increased 8.1 percent y-o-y to Rs 1,036.40 from Rs 958.70 million. In its earnings release, Shemaroo says that revenue from new media increased 41.7 percent y-o-y in Q1-18 to Rs 285.3 million from Rs 201.4 million. However, revenue from traditional media declined 1.5 percent in the current quarter to Rs 738.2 million as compared to Rs 749.6 million in the corresponding year ago quarter.

    Shemaroo’s EBIDTA including other income in the current quarter at Rs 343 million (32.8 percent margin) increased 12.9 percent y-o-y from Rs 303.70 million (31.6 percent margin).

    Shemaroo wholetime director and CFO Hiren Gada said, “After few quarters of impact, the traditional media business has slowly recovered to near normal levels post demonetization. We have achieved an overall topline growth of 8.6 percent on a y-o-y basis. We continue to expand our digital reach and have managed to maintain our upward trajectory with a growth rate of 41.7 percent on a y-o-y basis in the digital media business. Our huge content library with varied genres and our expertise to monetize it, helps us offer our audiences their preferred choice of content on desired platforms.”

    Let us look at the other numbers reported by Shemaroo

    The company’s Total Expenditure (TE) in Q1-18 at Rs 795.5 million (76.1 percent of TIO) was 7.9 percent more y-o-y than the Rs 737 million (76.6 percent of TIO).

    The company’s cost of Raw Materials consumed more than doubled (increased 2.25 times) y-o-y in Q1-18 to Rs 1312.50 million (125.6 percent of TIO) as compared to Rs 583.80 million (60.7 percent of TIO). Changes in inventories of finished goods and work in progress resulted in reduction of Rs 754.90 million in the current quarter as compared to a reduction of Rs 46.60 million in the corresponding year ago quarter.

    Employee Benefit Expense (EBE) in Q1-18 increased 9.1 percent y-o-y to Rs 83.80 million (8 percent of TIO) as compared to Rs 76.80 million (8 percent of TIO).

    Finance costs in the current quarter increased 18.6 percent (7.8 percent margin) y-o-y as compared to Rs 68.30 million (7.1 percent margin).Other expense in Q1-18 increased 37.6 percent to Rs 60.80 million (5.8 percent margin) from Rs 44.20 million (4.6 percent margin) in Q1-17.

    Basic and undiluted EPS (not annualised) for Q1-17 was Rs 5.17, for Q1-16 it was Rs 4.29; in Q4-2016 EPS was Rs 6.05.

    Operational highlights as per the company’s media release

    Shemaroo says that in Q1-18, it:

    Signed a content deal with YuppTV
    Crossed 3 million subscribers on our flagship YouTube channel ‘ShemarooEnt’
    Crossed 3 million subscribers on its YouTube channel ‘FilmiGaane’
    Crossed 2 billion cumulative views on its YouTube channel ‘FilmiGaane’ Crossed 5 lakh subscribers on its YouTube channel ‘Indian Comedy’
    Launched with Airtel Digital TV: a) Bhojpuri Service in April 2017 b) Comedy Service in May 2017
    Launched with Tata Sky: a) Tata Sky Bollywood Premiere Service in May 2017. ‘Miniplex’ service makes way for this service b) Tata Sky Classic Cinema service in June 2017″

    The company claims that some brands have pulled their advertising out from YouTube since some of their ads were shown next to hateful and offensive content. As a result, YouTube has implemented stricter brand safety guidelines and therefore stopped monetizing certain videos.

  • Zee Learn PAT more than doubles for FY-17

    BENGALURU: The Essel Group’s core education company Zee Learn Limited (ZLL) reported 2.43 times consolidated profit after tax (PAT) in the year ended 31 March 2017 (FY-17, current year) as compared to the previous year. The company reported consolidated PAT of Rs 36.65 crore (20.5 percent of Total Income from Operations or TIO) in FY-17 as compared to consolidated  PAT of Rs 15.08 crore (10 percent of TIO) in FY-16. ZLL’s consolidated TIO in the current year was Rs 178.91 crore, it was Rs 151.57 crore in FY-16.

    The company’s consolidated simple EBIDTA (excluding other income) in FY-17 grew 44.1 percent to Rs 62.33 crore (34.8 percent EBIDTA margin) from Rs 43.27 crore (28.5 percent EBIDTA margin) in the previous year.

    Board declares dividend

    The ZLL board has recommended a dividend of 5 percent (Re 0.05 per equity share of Re 1 each) for FY-17 for all its equity shareholders subject to approval of its shareholders.

    Segments

    ZLL has two segments – Education; and Construction and Leasing. Education segment reported 15.7 percent growth in operating revenue in FY-17 to Rs 161.17 crore from Rs 139.25 crore in the previous year. The segment reported 69.5 percent growth in operating profit at Rs 48.99 crore in FY-17 as compared to Rs 28.91 crore in FY-16.

    Construction and Leasing segment reported operating 43.8 percent higher revenue of Rs 17.71 crore in FY-17 from Rs 12.32 crore in the previous year. The segment’s operating profit in FY-17 declined 14 percent to Rs 4.36 crore from Rs 5.07 crore in FY-16.

    Let us look at the other numbers reported by ZLL for FY-17

    Consolidated Total Expenses in FY-17 increased 6.7 percent to Rs 126.38 crore (70.6 percent of TIO) from Rs 118.49 crore (78.2 percent of TIO) in the previous year. Consolidated Purchase of Education Goods and Television Content increased 3.5 percent in FY-17 to Rs 34.82 crore (19.5 percent of TIO) from Rs 33.65 crore (22.2 percent of TIO).

    Consolidated Employee Benefits Expense in FY-17 declined 0.5 percent to Rs 24.97 crore (14 percent of TIO) from Rs 25.09 crore (16.6 percent of TIO) in FY-16. The company’s Consolidated Selling and marketing expense in the current year was 6.1 percent lower in FY-17 at Rs 19.66 crore (11 percent of TIO) as compared to Rs 20.95 crore (13.8 percent of TIO) in the previous year.

    Consolidated Other expense in FY-17 was 57 percent more at Rs 36.58 crore (20.4 percent of TIO) as compared to Rs 23.30 crore (15.4 percent of TIO) in FY-16. Consolidated Finance Costs in FY-17 reduced 5 percent to Rs 18.98 crore (10.6 percent of TIO) from Rs 19.98 crore (13.2 percent of TIO) in the previous year.

    Company speak

    ZLL CEO Debashankar Mukhopadhyay said, “Company witnessed consistent growth across all business segments, which strongly underlines the fact that our franchisee and parent’s confidence towards company brands is growing every year. ZLL has invested considerable resources in developing learning insights, student learning materials and e-content for pre-schools and K-12 schools. We closed FY-17 on a new high, with a positive drive and are confident of sustaining this growth. The high demand for the all-new Kidzee 2.0 was overwhelming, as it surpassed all our expectations. With new product introductions coupled with our existing offerings, we are confident that our growth momentum will continue. Qualitative improvements in our network coupled with strong focus on franchisee relationship and availability of varied tailor made children / student specific programs will be pivotal in aiding our planned growth for the future.

    ZLL CFO Umesh Pradhan said, “With rising scale and rationalizing of vendors, the company has prudently managed cost of goods while simultaneously improving quality. We perceive these initiatives as potent operating and profitability margin boosters. The consistency of our performance is the result of managing our business dynamically and executing our strategy with even greater rigour and discipline. Our sustained focus on investing behind brands, sharpening our execution capabilities and driving market development has enabled us to keep winning with consumers in a rapidly changing market.”

    Notes: (1) 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.

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

    Also Read :

    Zee Learn-Tree House proposed merger off

    Q2-2016: Zee Learn YoY revenue up 34.9% at Rs 30.70 crore

  • Q2-17: Dish TV adds 2.59 lakh subscribers

    Q2-17: Dish TV adds 2.59 lakh subscribers

    BENGALURU: Indian direct to home (DTH) company Dish TV India Limited (Dish TV) has reported growth across important financial and operational parameters including operating revenues (TIO) , EBIDTA and subscription numbers. The company reported addition of 2.59 lakh net subscribers for the quarter ended 30 September 2016 (Q2-17, current). It closed the quarter with 151 lakh subscribers. Average revenue per user (ARPU) for Q2-17 was Rs 162 in the current quarter versus Rs 161 in the corresponding year ago quarter..

    Dish TV reported 11.9 per cent higher y-o-y subscription revenue of Rs 728.8 crore for Q2-17, as compared to Rs 651.4 crore. Operating revenue in the current quarter increased 9.6 per cent y-o-y to Rs 779.6 crore from Rs 711.2 crore in the corresponding quarter of the previous year. (Refer Note 2.1 and 2.2 below)

    Segment Revenue

    Three segments contribute to Dish TV’s numbers – DTH; Infra Support Services; and ‘Others’.

    DTH segment revenue in Q2-17 declined 14.2 per cent to Rs 509.55 crore from Rs 594.16 crore in Q2-16. The segment reported 15.5 per cent lower operating profit in the current quarter at Rs 86.43 crore as compared to Rs 102.24 crore in the corresponding year ago quarter.

    Infra Support services segment reported 13.7 higher y-o-y revenue of Rs 280.65 crore in Q2-17 vis-à-vis Rs 246.91 crore in Q2-16. The segment’s operating profit declined 39.3 per cent in the current quarter to Rs 12.30 crore from Rs 20.26 crore in the corresponding year ago quarter.

    ‘Others’ segment revenue increased 3.5 per cent in Q2-17 to Rs 5.59 crore from Rs 5.40 crore in Q2-16. The segment’s operating profit grew 5.3 per cent in the current quarter to Rs 2.80 crore from Rs 2.6 6 crore in Q2-16.

    A look at the other numbers reported by Dish TV

    Dish TV reported PAT of Rs. 70.1 crore in Q2-17, down 19.4 per cent as compared to Rs 87 crore in Q2-16.

    EBIDTA in the current quarter increased 3.6 per cent to Rs 264.2 crore from Rs 255 crore in Q2-16.

    Expense in the current quarter increased 12.9 per cent y-o-y to Rs 51.51 crore from Rs 456.2 crore. Employee Benefits Expense increased 23.1 per cent y-o-y to Rs 36.4 crore from Rs 29.58 crore. Other operating expenses in the current quarter declined 30.8 per cent to Rs 70.14 crore from Rs 101.30 crore in Q2-16..

    Licensing fees in the current quarter increased 1.3 per cent to Rs 54.52 crore from Rs 53.81 crore in Q2-17. Programming/Content and other costs in Q2-17 increased 17.4 per cent to Rs 238.92 crore from Rs 203.54 crore in Q2-16.

    Dish TV managing director Jawahar Goel said, “Torrential rains in many parts of the country often force consumers to defer buying a new DTH connection while the existing ones may delay recharging if the going gets too tough. Both sales and recharge however normalize subsequently if the festival season hits early. Targeting phase 3 & 4 markets, our subscriber additions during the quarter remained in-line with expectations.”

    Expressing his views on the regulatory developments, Goel, said, “While the draft Regulations have been formulated with an intention of subscriber welfare, there are certain omissions, optimistic presumptions as well as unanswered questions that would hopefully be addressed once the final orders see the light of the day. We appreciate the spirit of transparency and non-discrimination that have been the guiding force behind these draft orders and hope that DTH would soon get the level playing field that it has been seeking. Restrictions placed on carriage fees should go a long way in correcting the industry macro environment.”

    “We continue to remain positive about other regulatory interventions including the proposed new license regime for the DTH sector and the impending nationwide roll-out of Goods and Services Tax (GST). The centre proposing 12 per cent and 18 per cent as the standard rates for majority of the taxable goods is a welcome step,” he added.

    Discussing the results, Goel said, “Healthy subscriber additions led to a 11.9% y-o-y growth in subscription revenues. EBITDA margin was 33.9 per cent. Net Profit for the quarter was Rs. 701 million (Rs 70.1 crore) and positive Free Cash Flow was Rs. 791 million (Rs 79.1 crore).”

    Notes: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: Dish TV adds 2.59 lakh subscribers

    Q2-17: Dish TV adds 2.59 lakh subscribers

    BENGALURU: Indian direct to home (DTH) company Dish TV India Limited (Dish TV) has reported growth across important financial and operational parameters including operating revenues (TIO) , EBIDTA and subscription numbers. The company reported addition of 2.59 lakh net subscribers for the quarter ended 30 September 2016 (Q2-17, current). It closed the quarter with 151 lakh subscribers. Average revenue per user (ARPU) for Q2-17 was Rs 162 in the current quarter versus Rs 161 in the corresponding year ago quarter..

    Dish TV reported 11.9 per cent higher y-o-y subscription revenue of Rs 728.8 crore for Q2-17, as compared to Rs 651.4 crore. Operating revenue in the current quarter increased 9.6 per cent y-o-y to Rs 779.6 crore from Rs 711.2 crore in the corresponding quarter of the previous year. (Refer Note 2.1 and 2.2 below)

    Segment Revenue

    Three segments contribute to Dish TV’s numbers – DTH; Infra Support Services; and ‘Others’.

    DTH segment revenue in Q2-17 declined 14.2 per cent to Rs 509.55 crore from Rs 594.16 crore in Q2-16. The segment reported 15.5 per cent lower operating profit in the current quarter at Rs 86.43 crore as compared to Rs 102.24 crore in the corresponding year ago quarter.

    Infra Support services segment reported 13.7 higher y-o-y revenue of Rs 280.65 crore in Q2-17 vis-à-vis Rs 246.91 crore in Q2-16. The segment’s operating profit declined 39.3 per cent in the current quarter to Rs 12.30 crore from Rs 20.26 crore in the corresponding year ago quarter.

    ‘Others’ segment revenue increased 3.5 per cent in Q2-17 to Rs 5.59 crore from Rs 5.40 crore in Q2-16. The segment’s operating profit grew 5.3 per cent in the current quarter to Rs 2.80 crore from Rs 2.6 6 crore in Q2-16.

    A look at the other numbers reported by Dish TV

    Dish TV reported PAT of Rs. 70.1 crore in Q2-17, down 19.4 per cent as compared to Rs 87 crore in Q2-16.

    EBIDTA in the current quarter increased 3.6 per cent to Rs 264.2 crore from Rs 255 crore in Q2-16.

    Expense in the current quarter increased 12.9 per cent y-o-y to Rs 51.51 crore from Rs 456.2 crore. Employee Benefits Expense increased 23.1 per cent y-o-y to Rs 36.4 crore from Rs 29.58 crore. Other operating expenses in the current quarter declined 30.8 per cent to Rs 70.14 crore from Rs 101.30 crore in Q2-16..

    Licensing fees in the current quarter increased 1.3 per cent to Rs 54.52 crore from Rs 53.81 crore in Q2-17. Programming/Content and other costs in Q2-17 increased 17.4 per cent to Rs 238.92 crore from Rs 203.54 crore in Q2-16.

    Dish TV managing director Jawahar Goel said, “Torrential rains in many parts of the country often force consumers to defer buying a new DTH connection while the existing ones may delay recharging if the going gets too tough. Both sales and recharge however normalize subsequently if the festival season hits early. Targeting phase 3 & 4 markets, our subscriber additions during the quarter remained in-line with expectations.”

    Expressing his views on the regulatory developments, Goel, said, “While the draft Regulations have been formulated with an intention of subscriber welfare, there are certain omissions, optimistic presumptions as well as unanswered questions that would hopefully be addressed once the final orders see the light of the day. We appreciate the spirit of transparency and non-discrimination that have been the guiding force behind these draft orders and hope that DTH would soon get the level playing field that it has been seeking. Restrictions placed on carriage fees should go a long way in correcting the industry macro environment.”

    “We continue to remain positive about other regulatory interventions including the proposed new license regime for the DTH sector and the impending nationwide roll-out of Goods and Services Tax (GST). The centre proposing 12 per cent and 18 per cent as the standard rates for majority of the taxable goods is a welcome step,” he added.

    Discussing the results, Goel said, “Healthy subscriber additions led to a 11.9% y-o-y growth in subscription revenues. EBITDA margin was 33.9 per cent. Net Profit for the quarter was Rs. 701 million (Rs 70.1 crore) and positive Free Cash Flow was Rs. 791 million (Rs 79.1 crore).”

    Notes: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: Zee Media operating profit up

    Q2-17: Zee Media operating profit up

    BENGALURU: The Essel Group’s news network Zee Media Corporation Limited (ZMCL) reported more than double (2.47 times) year-over-year (y-o-y) operating profit (Simple EBIDTA) for the quarter ended 30 September 2016 (Q2-17, current quarter) . The company reported EBIDTA of Rs 18 crore (14.3 per cent of Total Income from Operations or TIO) in Q2-17 as compared to Rs 7.28 crore (5.7 per cent of TIO) in the corresponding year ago quarter. The company’s EBIDTA grew 1.6 per cent quarter-over-quarter (q-o-q) from Rs 17.71 crore (13.8 per cent of TIO) in the immediate trailing quarter.

    Revenue breakup

    ZMCL’s TIO in the current quarter was almost flat y-o-y as well as q-o-q. The company reported 0.7 per cent y-o-y decline in Q2-17 at Rs 126.15 crore as compared to Rs 127.05 crore and a 1.6 per cent q-o-q decline from Rs 128.24 crore.

    ZMCL reported an 8.3 per cent y-o-y growth in advertising revenue in Q2-17 at Rs 98.24 crore (77.9 per cent of TIO) as compared to Rs 90.69 crore, but a 4 per cent q-o-q decline from Rs 102.35 crore. Advertising revenue from ZMCL’s existing channels increased 17.7 per cent y-o-y in Q2-17 to Rs 77.63 crore from Rs 65.93 crore but declined 3 per cent q-o-q from Rs 80.01 crore. Advertising revenue from new channels increased 6.3 per cent y-o-y in Q2-17 to Rs 7.08 crore from Rs 6.66 crore, but declined 2.9 per cent q-o-q from Rs 7.29 crore

    Since 1 June, 2016, the company’s flagship channel Zee News became free-to-air (FTA). Subscription revenue in the current quarter declined 39.9 per cent y-o-y to Rs 16.37 crore (13 per cent of TIO) from Rs 27.24 crore (21.4 per cent of TIO) and declined 8.4 per cent q-o-q from Rs 17.89 crore (14 per cent of TIO).

    Subscription revenues from Existing channels declined 42.3 per cent y-o-y to Rs 14.09 crore from Rs 24.44 crore and declined 9 per cent q-o-q from Rs 15.48 crore.

    Other sales and services revenue increased 26.8 per cent q-o-q to Rs 11.55 crore (9.2 per cent of TIO) from Rs 9.11 crore (7.2 per cent of TIO) and increased 44.4 per cent from Rs 8 crore in the immediate trailing quarter. Other revenues for existing channels declined 45.9 per cent y-o-y to Rs 1.77 crore from Rs 3.27 crore, but increased 14.2 per cent from Rs 1.55 crore.

    Business Revenue breakup

    Revenue from ZMCL’s Television Broadcasting Busin ess (TV Business) was flat y-o-y (increased by 0.3 per cent) at Rs 100.57 crore as compared to Rs 100.30 crore, but declined 3.6 per cent q-o-q from Rs 104.34 crore. The TV Business reported more than sevenfold (7.41 times) y-o-y increase in operating profit at Rs 13.89 crore as compared to Rs1.88 crore, but a 6.1 per cent q-o-q decline from Rs 104.34 crore.

    Revenue from ZMCL’s print business was almost flat (increased 0.7 per cent) y-o-y at Rs 30.26 crore vis-à-vis Rs 30.03 crore and increased 4.3 per cent q-o-q from Rs 29 crore. The business reported lower y-o-y operating loss of Rs 5.88 crore as compared to Rs 6.86 crore. ZMCL’s print business had reported a lower operating loss of Rs 3.79 crore in Q1-17.

    A look at the other numbers reported by ZMCL

    ZMCL reported a lower y-o-y loss of Rs 18.04 crore in the current quarter as compared to a loss of Rs 19.86 crore in the corresponding year ago quarter. The company had reported a profit after tax of Rs 0.09 crore for the immediate trailing quarter. In may be noted that ZMCL has incurred an exceptional loss of Rs 18.88 crore due to sale of land and buildings of a subsidiary in the current quarter.

    The company has controlled its total expenditure in Q2-17, which declined 11 per cent y-o-y to Rs 118.22 crore (93.7 per cent of TIO) as compared to Rs 132.79 crore (104.5 per cent of TIO) and was 2.2 per cent lower q-o-q as compared to Rs 120.83 crore.

    Cost of Raw materials consumed in the current quarter declined 18 per cent y-o-y to Rs 10.32 crore (8.2 per cent of TIO) as compared to Rs 12.59 crore (9.9 per cent of TIO) but was 2.1 per cent more q-o-q than Rs 10.11 crore (7.9 per cent of TIO).

    Employee Benefits Expenses in the current quarter declined 19.8 per cent y-o-y to Rs 30.45 crore (24.1 per cent ofTIO) from Rs 31.92 crore (29.9 per cent of TIO) and was 4.6 per cent lower q-o-q than the Rs 38.60 crore (24.9 per cent of TIO) in the immediate trailing quarter.

    ZMCL’s Marketing, Distribution and Business Promotion Expenses (Marketing expenses) in the current quarter declined 45.9 per cent y-o-y to Rs 13.52 crore (10.7 per cent of TIO) from Rs 24.97 crore (19.6 per cent of TIO) and declined 15.8 per cent q-o-q from Rs 16.05 crore (12.5 per cent of TIO).

    Operational costs in Q2-17 increased 11.4 per cent y-o-y to Rs 23.55 crore (18.7 per cent of TIO) from Rs 21.14 crore (16.6 per cent of TIO) and increased 26.1 per cent q-o-q from Rs 18.67 crore (14.6 per cent of TIO).

    Other expense in Q2-17 increased 31.3 per cent y-o-y to Rs 30.31 crore (24 per cent of TIO) from Rs 23.08 crore (18.2 per cent of TIO) but declined 21.3 per cent q-o-q from Rs 38.51 crore (30 per cent of TIO).

     

  • Q2-17: Zee Media operating profit up

    Q2-17: Zee Media operating profit up

    BENGALURU: The Essel Group’s news network Zee Media Corporation Limited (ZMCL) reported more than double (2.47 times) year-over-year (y-o-y) operating profit (Simple EBIDTA) for the quarter ended 30 September 2016 (Q2-17, current quarter) . The company reported EBIDTA of Rs 18 crore (14.3 per cent of Total Income from Operations or TIO) in Q2-17 as compared to Rs 7.28 crore (5.7 per cent of TIO) in the corresponding year ago quarter. The company’s EBIDTA grew 1.6 per cent quarter-over-quarter (q-o-q) from Rs 17.71 crore (13.8 per cent of TIO) in the immediate trailing quarter.

    Revenue breakup

    ZMCL’s TIO in the current quarter was almost flat y-o-y as well as q-o-q. The company reported 0.7 per cent y-o-y decline in Q2-17 at Rs 126.15 crore as compared to Rs 127.05 crore and a 1.6 per cent q-o-q decline from Rs 128.24 crore.

    ZMCL reported an 8.3 per cent y-o-y growth in advertising revenue in Q2-17 at Rs 98.24 crore (77.9 per cent of TIO) as compared to Rs 90.69 crore, but a 4 per cent q-o-q decline from Rs 102.35 crore. Advertising revenue from ZMCL’s existing channels increased 17.7 per cent y-o-y in Q2-17 to Rs 77.63 crore from Rs 65.93 crore but declined 3 per cent q-o-q from Rs 80.01 crore. Advertising revenue from new channels increased 6.3 per cent y-o-y in Q2-17 to Rs 7.08 crore from Rs 6.66 crore, but declined 2.9 per cent q-o-q from Rs 7.29 crore

    Since 1 June, 2016, the company’s flagship channel Zee News became free-to-air (FTA). Subscription revenue in the current quarter declined 39.9 per cent y-o-y to Rs 16.37 crore (13 per cent of TIO) from Rs 27.24 crore (21.4 per cent of TIO) and declined 8.4 per cent q-o-q from Rs 17.89 crore (14 per cent of TIO).

    Subscription revenues from Existing channels declined 42.3 per cent y-o-y to Rs 14.09 crore from Rs 24.44 crore and declined 9 per cent q-o-q from Rs 15.48 crore.

    Other sales and services revenue increased 26.8 per cent q-o-q to Rs 11.55 crore (9.2 per cent of TIO) from Rs 9.11 crore (7.2 per cent of TIO) and increased 44.4 per cent from Rs 8 crore in the immediate trailing quarter. Other revenues for existing channels declined 45.9 per cent y-o-y to Rs 1.77 crore from Rs 3.27 crore, but increased 14.2 per cent from Rs 1.55 crore.

    Business Revenue breakup

    Revenue from ZMCL’s Television Broadcasting Busin ess (TV Business) was flat y-o-y (increased by 0.3 per cent) at Rs 100.57 crore as compared to Rs 100.30 crore, but declined 3.6 per cent q-o-q from Rs 104.34 crore. The TV Business reported more than sevenfold (7.41 times) y-o-y increase in operating profit at Rs 13.89 crore as compared to Rs1.88 crore, but a 6.1 per cent q-o-q decline from Rs 104.34 crore.

    Revenue from ZMCL’s print business was almost flat (increased 0.7 per cent) y-o-y at Rs 30.26 crore vis-à-vis Rs 30.03 crore and increased 4.3 per cent q-o-q from Rs 29 crore. The business reported lower y-o-y operating loss of Rs 5.88 crore as compared to Rs 6.86 crore. ZMCL’s print business had reported a lower operating loss of Rs 3.79 crore in Q1-17.

    A look at the other numbers reported by ZMCL

    ZMCL reported a lower y-o-y loss of Rs 18.04 crore in the current quarter as compared to a loss of Rs 19.86 crore in the corresponding year ago quarter. The company had reported a profit after tax of Rs 0.09 crore for the immediate trailing quarter. In may be noted that ZMCL has incurred an exceptional loss of Rs 18.88 crore due to sale of land and buildings of a subsidiary in the current quarter.

    The company has controlled its total expenditure in Q2-17, which declined 11 per cent y-o-y to Rs 118.22 crore (93.7 per cent of TIO) as compared to Rs 132.79 crore (104.5 per cent of TIO) and was 2.2 per cent lower q-o-q as compared to Rs 120.83 crore.

    Cost of Raw materials consumed in the current quarter declined 18 per cent y-o-y to Rs 10.32 crore (8.2 per cent of TIO) as compared to Rs 12.59 crore (9.9 per cent of TIO) but was 2.1 per cent more q-o-q than Rs 10.11 crore (7.9 per cent of TIO).

    Employee Benefits Expenses in the current quarter declined 19.8 per cent y-o-y to Rs 30.45 crore (24.1 per cent ofTIO) from Rs 31.92 crore (29.9 per cent of TIO) and was 4.6 per cent lower q-o-q than the Rs 38.60 crore (24.9 per cent of TIO) in the immediate trailing quarter.

    ZMCL’s Marketing, Distribution and Business Promotion Expenses (Marketing expenses) in the current quarter declined 45.9 per cent y-o-y to Rs 13.52 crore (10.7 per cent of TIO) from Rs 24.97 crore (19.6 per cent of TIO) and declined 15.8 per cent q-o-q from Rs 16.05 crore (12.5 per cent of TIO).

    Operational costs in Q2-17 increased 11.4 per cent y-o-y to Rs 23.55 crore (18.7 per cent of TIO) from Rs 21.14 crore (16.6 per cent of TIO) and increased 26.1 per cent q-o-q from Rs 18.67 crore (14.6 per cent of TIO).

    Other expense in Q2-17 increased 31.3 per cent y-o-y to Rs 30.31 crore (24 per cent of TIO) from Rs 23.08 crore (18.2 per cent of TIO) but declined 21.3 per cent q-o-q from Rs 38.51 crore (30 per cent of TIO).

     

  • Q2-17: Zee Learn declares maiden interim dividend

    Q2-17: Zee Learn declares maiden interim dividend

    BENGALURU: The board of directors of the Essel group’s education company Zee Learn Limited (ZLL) have declared a first time ever dividend of 5 percent per equity share of Re 1 each for the quarter ended 30 September 2016 (Q2-17, current quarter). The dividend of just 5 paise (Rs 0.05) albeit small, could be  precursor of better returns, given the fact that the company’s profit after tax (PAT) for the  current quarter is more than seven-fold (7.05 times) year-over-year (y-o-y), with operating EBIDTA margins almost doubling y-o-y from 18.2 percent in Q2-16 to 34.9 percent in Q2-17.

    ZLL CEO Debshankar Mukhopadyay said, “We are pleased to announce an interim dividend for the first time at Zee Learn Limited. This shows our commitment to the shareholders who beleived in us and continued to invest in the comoany. Q2 and H1-17 are remarkable for us and our strategy to focus on our strenghts has resulted in delivering profits which are multiple times more than profits delivered during the last financial year.”

    ZLL reported PAT of Rs 7.59 crore (22.6 percent margin) for the current quarter versus PAT of Rs 1.08 crore (3.5 percent margin) in Q2-16. PAT in the immediate training quarter (Q1-17) was Rs 8.02 crore (19.1 percent margin). Operating EBIDTA in Q2-17 more than doubled (up 2.1 times) y-o-y to Rs 11.70 crore from Rs 5.57 crore, but was 9.8 percent lower q-o-q than Rs 12.97 crore (30.8 percent margin).

    Other numbers

    ZLL’s Total Income from Operations (TIO) in the current quarter increased 9.7 percent y-o-y to Rs 33.56 crore from Rs 30.60 crore in the correspondin year ago quarter, but declined 20.2 percent q-o-q from Rs 42.06 crore in Q1-17.

    The company spent 14.5 percent less y-o-y towards purchase of  Education goods and Television content in Q2-17 at Rs 4.91 crore (14.6 percent of TIO) as compared to Rs 5.74 crore (18.8 percent of TIO) and 45.1 percent lower q-o-q than the Rs 8.93 crore (21.2 percent of TIO).

    Employees Benefit Expense in the current quarter declined 18.2 percent y-o-y to Rs 5.94 crore (17.7 percent of TIO) from Rs 7.25 crore (23.7 percent of TIO) and declined 14.5 percent q-o-q from Rs 6.94 crore (16.5 percent of TIO).

    Selling and marketing expense in Q2-17 increased 18.2 percent y-o-y to Rs 3.98 crore (11.9 percent of TIO) from Rs 3.37 crore (11 percent of TIO), but declined 33 percent q-o-q from Rs  5.95 crore (14.1 percent of TIO).

    Mukhopadyay added, “ZLL through its varied forays including Early Childhood Care and Education (ECCE), K-12 Education, Youth and Vocational Education is playing a strong and transformational role in India’s education system. I am confident that ZLL will continue to grow its business and is commited to create long-term value for its franchisees, parents and students, shareholders, employees and all stakeholders.”

    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: Zee Learn declares maiden interim dividend

    Q2-17: Zee Learn declares maiden interim dividend

    BENGALURU: The board of directors of the Essel group’s education company Zee Learn Limited (ZLL) have declared a first time ever dividend of 5 percent per equity share of Re 1 each for the quarter ended 30 September 2016 (Q2-17, current quarter). The dividend of just 5 paise (Rs 0.05) albeit small, could be  precursor of better returns, given the fact that the company’s profit after tax (PAT) for the  current quarter is more than seven-fold (7.05 times) year-over-year (y-o-y), with operating EBIDTA margins almost doubling y-o-y from 18.2 percent in Q2-16 to 34.9 percent in Q2-17.

    ZLL CEO Debshankar Mukhopadyay said, “We are pleased to announce an interim dividend for the first time at Zee Learn Limited. This shows our commitment to the shareholders who beleived in us and continued to invest in the comoany. Q2 and H1-17 are remarkable for us and our strategy to focus on our strenghts has resulted in delivering profits which are multiple times more than profits delivered during the last financial year.”

    ZLL reported PAT of Rs 7.59 crore (22.6 percent margin) for the current quarter versus PAT of Rs 1.08 crore (3.5 percent margin) in Q2-16. PAT in the immediate training quarter (Q1-17) was Rs 8.02 crore (19.1 percent margin). Operating EBIDTA in Q2-17 more than doubled (up 2.1 times) y-o-y to Rs 11.70 crore from Rs 5.57 crore, but was 9.8 percent lower q-o-q than Rs 12.97 crore (30.8 percent margin).

    Other numbers

    ZLL’s Total Income from Operations (TIO) in the current quarter increased 9.7 percent y-o-y to Rs 33.56 crore from Rs 30.60 crore in the correspondin year ago quarter, but declined 20.2 percent q-o-q from Rs 42.06 crore in Q1-17.

    The company spent 14.5 percent less y-o-y towards purchase of  Education goods and Television content in Q2-17 at Rs 4.91 crore (14.6 percent of TIO) as compared to Rs 5.74 crore (18.8 percent of TIO) and 45.1 percent lower q-o-q than the Rs 8.93 crore (21.2 percent of TIO).

    Employees Benefit Expense in the current quarter declined 18.2 percent y-o-y to Rs 5.94 crore (17.7 percent of TIO) from Rs 7.25 crore (23.7 percent of TIO) and declined 14.5 percent q-o-q from Rs 6.94 crore (16.5 percent of TIO).

    Selling and marketing expense in Q2-17 increased 18.2 percent y-o-y to Rs 3.98 crore (11.9 percent of TIO) from Rs 3.37 crore (11 percent of TIO), but declined 33 percent q-o-q from Rs  5.95 crore (14.1 percent of TIO).

    Mukhopadyay added, “ZLL through its varied forays including Early Childhood Care and Education (ECCE), K-12 Education, Youth and Vocational Education is playing a strong and transformational role in India’s education system. I am confident that ZLL will continue to grow its business and is commited to create long-term value for its franchisees, parents and students, shareholders, employees and all stakeholders.”

    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.