ITV

Tag: profit after tax

  • Tips Music achieves 32 per cent revenue growth in Q2, announces Rs 2 interim dividend

    Tips Music achieves 32 per cent revenue growth in Q2, announces Rs 2 interim dividend

    MUMBAIi: Music may soothe the soul, but for companies like Tips Music Ltd. (formerly Tips Industries Ltd.), it is the balance sheet that truly strikes a chord. The company posted robust results for the quarter ending 30 September 2024, with revenues climbing 32 per cent year-over-year to Rs 80.6 crore and profit after tax (PAT) rising by 21 per cent to Rs 48.2 crore. The growth, underpinned by a slate of new releases and increased digital engagement, underscores Tips Music’s strategy of capturing audience attention and expanding its footprint across diverse platforms.

    The company’s operational EBITDA for Q2 FY25 stood at Rs 59.5 crore, a 19 per cent increase from the previous year, with a steady EBITDA margin of 73.8 per cent. For the first half of FY25, revenue totaled Rs 154.5 crore, reflecting a 36 per cent year-over-year increase, while PAT reached Rs 91.7 crore, up by 37 per cent compared to H1 FY24.  

    The content cost for Q2 FY25 surged by 194 per cent to Rs 13.8 crore compared to Rs 4.7 crore in Q2 FY24, demonstrating the company’s strategic investment in acquiring high-quality music content. During the quarter, Tips Music launched a total of 125 new songs, including 39 film songs and 86 non-film songs, catering to diverse audience tastes.  

    Tips Music chairman & MD Kumar Taurani said, “I am pleased to share that the company has announced a second interim dividend for the year of Rs 2 per share, in addition to the interim dividend and buyback conducted in Q1 FY25. Our revenue for the quarter stood at Rs 80.6 crore, up by 32 per cent YOY with a PAT of Rs 48.2 crore increasing by 21 per cent YOY. Our relentless focus is on acquiring high-quality music content.”  

    Added Tips Music  executive director Girish Taurani:  “In Q2 FY25, we successfully launched 125 new songs, resulting in a diverse range of offerings that cater to a wide audience. This quarter, we released two musical short films, Tedi Medi and Beinteha,  both of which have received significant appreciation from the audience. Notable releases include Yaad Reh Jaati Hai  from the film The Buckingham Murders, sung by renowned artist B Praak, and Dua Kijiye, which continue to resonate with our listeners.”  

    Tips Music  CEO Hari Nair highlighted the company’s growing digital presence, stating, “Our YouTube channels’ cumulative subscriber base has now reached 108 million, reflecting our increasing influence and engagement. Our market share on audio digital platforms like Spotify and Saavn is also rising steadily. Additionally, our new brands & partnership  division is gaining traction, with collaborations such as Motorola using our track Rangeela Re‘ to launch its new line of colorful handsets.”  

    For the current fiscal year, Tips Music has declared a total shareholder payout of Rs 97.74 crore, including dividends and buybacks. The interim dividend for Q2 FY25 alone amounts to Rs 2 per share, translating to Rs 25.56 crore.  

    Key Financial Highlights:  

    – Q2 FY25 Revenue: Rs 80.6 crore, up 32 per cent year-over-year  

    – Operational EBITDA: Rs 59.5 crore, a 19 per cent increase from Q2 FY24  

    – PAT: Rs 48.2 crore, reflecting a 21 per cent growth year-over-year  

    – H1 FY25 Revenue: Rs 154.5 crore, up 36 per cent year-over-year  

    – H1 FY25 PAT: Rs 91.7 crore, an increase of 37 per cent  

     

  • Sun TV Q2 net profit up marginally to Rs 400.71 cr; revenue from operations declines

    Sun TV Q2 net profit up marginally to Rs 400.71 cr; revenue from operations declines

    Mumbai: Sun TV has reported that its second quarter net profit was Rs 400.71 crore, up marginally by 1.88 per cent from Rs 393.32 crore in the same period of the previous fiscal.

    Ebitda (earnings before interest, taxes, depreciation, and amortisation) was Rs 610.89 crore in September 2022. This was a 4.15 per cent increase over the previous fiscal period of Rs 586.57 crore.

    Profit after tax rose significantly by three per cent to Rs 407.31 crore, compared with a profit of Rs 395.46 crore in the same quarter of the previous fiscal.

    However, revenue from operations fell by 2.7 per cent to Rs. 825.65 crore compared to Rs. 848.67 crore in the same quarter of the previous fiscal.

    A dividend of Rs 3.75 per share has been declared by the company.

  • NDTV Group posts Rs 27.6 crore profit after tax in Q3 FY22

    NDTV Group posts Rs 27.6 crore profit after tax in Q3 FY22

    Mumbai; NDTV Group on Thursday posted its third-quarter financial results for FY 2022. The media company reported a profit after tax of Rs 27.6 crore. Its TV business reported a profit of Rs 17.3 crore for the third quarter.

    The group’s year-to-date profit stands at Rs 55.6 crore out of which its TV business generated Rs 41.4 crore.

    NDTV’s digital arm NDTV Convergence saw a profit of Rs 12.2 crore during the quarter. “This quarter is the company’s second-highest ever for profit after tax; the best quarter in this regard was within the last year, further establishing Convergence as a consistently profitable online content company which is delivering aggressive growth,” said the statement.

    The group reported that its external liabilities have decreased by Rs 69.2 crore so far in the financial year. Bank borrowings for the group have also shrunk by Rs 42.8 crore year-to-date.

    “These results have been achieved amid the many difficulties posed by the pandemic. NDTV’s reporters and production crews have performed outstandingly, often while being at some risk themselves, delivering the latest and most credible information from across the country on Covid developments; for this, the company is deeply grateful, as also extremely proud,” said the statement.

  • NDTV bottom-line black despite revenue decline in Covid2019 quarter

    NDTV bottom-line black despite revenue decline in Covid2019 quarter

    BENGALURU: The Prannoy and Radhika Roy-led Indian media house New Delhi Television Ltd (NDTV) reported 33.7 percent lower year-on-year (y-o-y) consolidated revenue from operations for the quarter ended 30 June 2020 (Q1 2021, quarter or period under review) as compared to the corresponding quarter of the previous year Q1 2020 and 21.5 percent lower than that reported for the immediate trailing quarter Q4 2020. Despite the sharp drop in consolidated operating revenue, the company reported consolidated profit after tax (PAT) of Rs 7.55 crore for the quarter under review, albeit 54.7 percent lower than the Rs 16.66 crore in Q1 2020 and 17.9 percent lower q-o-q than the Rs 9.20 crore reported for Q4 2020.  Reported consolidated operating revenues for Q1 2021, Q1 2020 and Q4 2020 were Rs 72.73 crore, Rs 109.67 crore and Rs 92.60 crore respectively.  All figures mentioned in this paper are consolidated unless stated otherwise.

    Total income including other revenue for Q1 2021 declined 35 percent y-o-y to Rs 74.02 crore from Rs 113.87 crore in Q1 2020 and declined 27.4 percent from Rs 102 crore in Q4 2020. Calculated consolidated operating profit or simple operating EBITDA for the period under consideration was 36.8 percent lower y-o-y at Rs 15.98 crore (22 percent of operating revenue) as compared to Rs 25.29 crore (23.1 percent of operating revenue) for Q1 2020, but 40.4 percent higher q-o-q than the Rs 11.38 crore (12.3 percent of operating revenue) for Q4 2020.

    Even before the lockdown, the company has been cutting expenses. Consolidated total expenses for Q1 2021 declined 31.2 percent y-o-y to Rs 64.64 crore from Rs 93.96 crore in Q1 2020 and were 27.8 percent lower q-o-q than the Rs 89.49 crore in Q4 2020.  Production expenses and cost of services in Q1 2021 declined 52.5 percent y-o-y to Rs 11.47 crore from Rs 24.16 crore in Q1 2020 and fell 43.6 percent q-o-q from Rs 20.32 crore in Q4 2020. Employee benefits expenses in Q1 2021 were 28.8 percent lower y-o-y at Rs 22.39 crore as compared to Rs 31.46 crore in Q1 2020 and declined 24.2 percent q-o-q from Rs 29.54 crore in Q4 2020.

    Finance costs declined 11.4 percent y-o-y during the period under review to Rs 2.57 crore from Rs 2.90 crore in Q1 2020, but increased 1.6 percent q-o-q from Rs 2.53 crore in Q4 2020. Operating and administrative expenses for Q1 2021 fell 13.5 percent y-o-y to Rs 14.28 crore from Rs 16.51 crore and reduced 32.2 percent q-o-q from Rs 21.07 crore in Q4 2020. Marketing, distribution and promotional expenses for Q1 2021 were 29.7 percent lower y-o-y at Rs 8.61 crore as compared to Rs 12.25 crore in the corresponding quarter of the previous year and 16.3 percent lower q-o-q that the Rs 10.29 crore in the immediate trailing quarter.

    NDTV has two segments – television, media and related operations; and retail/e-commerce. NDTV has reported nil revenue and nil result for the latter for Q2 2021.

    Television segment operating revenue declined 33.3 percent y-o-y in Q1 2021 to Rs 72.73 crore from Rs 108.98 crore in Q1 2020 and was 20.8 percent lower q-o-q than Rs 91.80 crore in Q4 2020. NDTV reported 46.8 percent y-o-y decline in operating profit before exceptional items, share in profit/ (loss) of associate/ joint ventures, interest and tax to Rs 14.70 crore in Q1 2021 from Rs 27.64 crore in Q1 2020 and 20.7 percent lower than Rs 18.54 crore in Q4 2020.

    In note 1 of NDTV’s financial statement it is explained that parent company, which runs television business, has earned a standalone net profit of Rs 4.42 crore (Rs 442 lakh) during the quarter ended 30 June 2020 and, as of that date, the parent company’s current liabilities exceed its current assets by Rs 79.35 crores (Rs 7935 lakh). These conditions, along with other matters described in the note, indicate that a material uncertainty exists that may cast significant doubt on the ability of the parent company to continue as a going concern. The management has stated that the parent company has initiated certain strategic and operational measures included in note one to mitigate the uncertainty. Accordingly, they have prepared the statement on a going concern basis.

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  • FY-16: TV Today revenue up 14.6 percent; PAT up 16 percent

    FY-16: TV Today revenue up 14.6 percent; PAT up 16 percent

    BENGALURU: TV Today Network Limited (TVTN) reported 14.6 percent increase in consolidated revenue (consolidated total income from operations, consolidated TIO) for the year ended 31 March 2016 (FY-16, current) as compared to the previous year. The company’s consolidated Profit after Tax (PAT) increased 16 percent in FY-16. TVTN reported consolidated TIO of Rs 546.01 crore in FY-16 and Rs 476.58 crore in FY-15. PAT in the current year was Rs 95.04 crore (17.2 percent PAT margin) as compared to Rs 81.03 crore (17 percent PAT margin) in FY-15.

    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.

    The company’s total expenditure in the current year increased 14.8 percent to Rs 430.25 crore (78.8 percent of TIO) from Rs 374.91 crore (78.7 percent of TIO) in the previous year.

    Simple EBIDTA increased 11.1 percent to Rs 146.33 crore (26.8 percent EBIDTA margin) from Rs 131.70 crore (26.7 percent EBIDTA margin) if FY-15.

    TVTN’s advertising, distribution and sales promotion (ad expense) in FY-16 increased 17.5 percent to Rs 119.52 crore (21.9 percent of TIO) from Rs 101.75 crore (21.3 percent of TIO) in FY-15.

    The TVTN board has recommended a final dividend @ 35 percent on the paid-up capital of the company, i.e., Rs 1.75 per share of Rs 5/- each for FY-16 subject to the approval of shareholders at the ensuing Annual General Meeting (AGM) of the company.

     

  • FY-16: TV Today revenue up 14.6 percent; PAT up 16 percent

    FY-16: TV Today revenue up 14.6 percent; PAT up 16 percent

    BENGALURU: TV Today Network Limited (TVTN) reported 14.6 percent increase in consolidated revenue (consolidated total income from operations, consolidated TIO) for the year ended 31 March 2016 (FY-16, current) as compared to the previous year. The company’s consolidated Profit after Tax (PAT) increased 16 percent in FY-16. TVTN reported consolidated TIO of Rs 546.01 crore in FY-16 and Rs 476.58 crore in FY-15. PAT in the current year was Rs 95.04 crore (17.2 percent PAT margin) as compared to Rs 81.03 crore (17 percent PAT margin) in FY-15.

    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.

    The company’s total expenditure in the current year increased 14.8 percent to Rs 430.25 crore (78.8 percent of TIO) from Rs 374.91 crore (78.7 percent of TIO) in the previous year.

    Simple EBIDTA increased 11.1 percent to Rs 146.33 crore (26.8 percent EBIDTA margin) from Rs 131.70 crore (26.7 percent EBIDTA margin) if FY-15.

    TVTN’s advertising, distribution and sales promotion (ad expense) in FY-16 increased 17.5 percent to Rs 119.52 crore (21.9 percent of TIO) from Rs 101.75 crore (21.3 percent of TIO) in FY-15.

    The TVTN board has recommended a final dividend @ 35 percent on the paid-up capital of the company, i.e., Rs 1.75 per share of Rs 5/- each for FY-16 subject to the approval of shareholders at the ensuing Annual General Meeting (AGM) of the company.

     

  • FY-16: Dish TV adds 15 lakh subscribers, subscription revenue Rs 2,827 crore

    FY-16: Dish TV adds 15 lakh subscribers, subscription revenue Rs 2,827 crore

    BENGALURU: This is the second consecutive year that direct to home (DTH) company Dish TV India Limited (Dish TV) has reported growth across important financial and operational parameters including operating revenues (TIO), profit after tax (PAT) and subscription numbers. Last fiscal and quarter (year and quarter ended 31 March, 2015, FY-15 and Q4-15), Essel Group’s DTH operator Dish TV Limited turned the corner with a consolidated profit after tax (PAT) of Rs 3.14 crore and Rs 34.94 crore (margin 4.8 per cent) respectively. The company has followed this up with improved numbers for the subsequent two quarters of FY-16, and rendered a fait accompli of sorts in the final quarter with the largest ever subscription numbers add in a quarter in Q4-16, as if to reiterate – Profits are here to stay!.

    Dish TV says that so far it is the only company in the Indian DTH sector to have achieved net profitability. 

    Dish TV reported subscription revenue of Rs 2,827.5 crore in the fiscal ended 31 March 2016 (FY-16, current year). Operating revenue in the current year increased to Rs 3,059.9 crore from Rs 2,687.9 crore in the previous year.

    Dish TV reported PAT of Rs. 692.4 crore in FY-16, including deferred tax expense of Rs. 436 crore.

    During FY-16, Dish TV says that it has achieved the full year guidance of 15 lakh subscribers. In Q4-16 (quarter ended 31 March 2016, current quarter) Dish TV added 5.08 lakh subscribers. The company also reported higher Rs 174 in Q4-16 as compared to Rs 172 in Q3-16.

    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.

    Operating revenue for Q4-16 increased 9.5 percent year-over-year (y-o-y) to Rs 799.3 crore from Rs 729.9 crore and increased 3.6 percent quarter-over-quarter from Rs 771.5 crore in Q3-16.

    EBIDTA in the current year increased 39.8 percent to Rs 1,024.9 crore from Rs 733.1 crore in FY-15. EBIDTA in Q4-16 at Rs 260.8 crore increased 18.1 percent y-o-y from Rs 220.9 crore in Q4-15 but declined 1.7 percent q-o-q from Rs 265.4 crore in Q3-16.

    Dish TV managing director Jawahar Goel said, “Fiscal 2016 was yet another year that saw global economic uncertainty take centre-stage all throughout. Notwithstanding that, the Indian economy registered good economic growth as the government focused on development through reforms. With the macro economy showing early signs of pick-up and the Met department predicting an ‘above normal’ monsoon, fiscal 2017 has already started on an optimistic note. So far as the DTH industry is concerned a strong agrarian economy, further supported by government initiatives like 100% village electrification,  and prospering urban areas, with 24×7 power supply, shall certainly ensure growth for the industry going forward.”

    Talking about subscriber additions during the quarter, Goel, said, “We had a well-defined plan in place to target these markets. Our campaign ‘Set-Top-Box Matlab Dish TV’ had the desired impact while the specially designed sports packs ensured that sports fans didn’t go elsewhere during the cricket season. Higher investments behind the brand not only ensured higher brand scores but a stronger brand recall as well. To further strengthen our connect with the customer, we upgraded our existing service infrastructure and enhanced distribution in areas that were not up to the mark. Thus covering newer territories.”

    Talking about the fourth quarter results, Goel said, “Healthy subscriber additions and a higher ARPU improved the subscription revenues by 12.6 percent over the corresponding quarter last fiscal. EBITDA of Rs. 260.8 crore recorded an 18.1 percent jump over the corresponding quarter. Net Profit for the quarter was Rs. 482.8 crore as against Rs. 34.9 crore in the fourth quarter last fiscal. The resultant free cash flow was Rs. 104.7 crore. Churn for the quarter remained steady at 0.7 percent per month.”

    The company also added 8 new channels to its platform during the month of April 2016 taking its total offering size to more than 525 channels and  services. To further enhance the digital TV experience for subscribers and build an affordable and fast deployment model for itself, Dish TV
    selected Wyplay’s Frog as the Middleware for its next generation Set-Top-Boxes. Wyplay is an HTML5 browser based system and incorporates all features required for traditional linear broadcast TV consumption, on-demand content and applications distributed over the internet.

    Talking about these developments, Goel said, “We had our share of ups and downs during the year, but I am glad that we came out as winners at the end of it all. The fast paced dynamism of technological, regulatory and industrial developments kept us productively occupied and brought the best out of us.  We are in tune with the environmental shift around us and are motivated to be ahead of the curve as complex changes take place.”

     

     

  • FY-16: Dish TV adds 15 lakh subscribers, subscription revenue Rs 2,827 crore

    FY-16: Dish TV adds 15 lakh subscribers, subscription revenue Rs 2,827 crore

    BENGALURU: This is the second consecutive year that direct to home (DTH) company Dish TV India Limited (Dish TV) has reported growth across important financial and operational parameters including operating revenues (TIO), profit after tax (PAT) and subscription numbers. Last fiscal and quarter (year and quarter ended 31 March, 2015, FY-15 and Q4-15), Essel Group’s DTH operator Dish TV Limited turned the corner with a consolidated profit after tax (PAT) of Rs 3.14 crore and Rs 34.94 crore (margin 4.8 per cent) respectively. The company has followed this up with improved numbers for the subsequent two quarters of FY-16, and rendered a fait accompli of sorts in the final quarter with the largest ever subscription numbers add in a quarter in Q4-16, as if to reiterate – Profits are here to stay!.

    Dish TV says that so far it is the only company in the Indian DTH sector to have achieved net profitability. 

    Dish TV reported subscription revenue of Rs 2,827.5 crore in the fiscal ended 31 March 2016 (FY-16, current year). Operating revenue in the current year increased to Rs 3,059.9 crore from Rs 2,687.9 crore in the previous year.

    Dish TV reported PAT of Rs. 692.4 crore in FY-16, including deferred tax expense of Rs. 436 crore.

    During FY-16, Dish TV says that it has achieved the full year guidance of 15 lakh subscribers. In Q4-16 (quarter ended 31 March 2016, current quarter) Dish TV added 5.08 lakh subscribers. The company also reported higher Rs 174 in Q4-16 as compared to Rs 172 in Q3-16.

    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.

    Operating revenue for Q4-16 increased 9.5 percent year-over-year (y-o-y) to Rs 799.3 crore from Rs 729.9 crore and increased 3.6 percent quarter-over-quarter from Rs 771.5 crore in Q3-16.

    EBIDTA in the current year increased 39.8 percent to Rs 1,024.9 crore from Rs 733.1 crore in FY-15. EBIDTA in Q4-16 at Rs 260.8 crore increased 18.1 percent y-o-y from Rs 220.9 crore in Q4-15 but declined 1.7 percent q-o-q from Rs 265.4 crore in Q3-16.

    Dish TV managing director Jawahar Goel said, “Fiscal 2016 was yet another year that saw global economic uncertainty take centre-stage all throughout. Notwithstanding that, the Indian economy registered good economic growth as the government focused on development through reforms. With the macro economy showing early signs of pick-up and the Met department predicting an ‘above normal’ monsoon, fiscal 2017 has already started on an optimistic note. So far as the DTH industry is concerned a strong agrarian economy, further supported by government initiatives like 100% village electrification,  and prospering urban areas, with 24×7 power supply, shall certainly ensure growth for the industry going forward.”

    Talking about subscriber additions during the quarter, Goel, said, “We had a well-defined plan in place to target these markets. Our campaign ‘Set-Top-Box Matlab Dish TV’ had the desired impact while the specially designed sports packs ensured that sports fans didn’t go elsewhere during the cricket season. Higher investments behind the brand not only ensured higher brand scores but a stronger brand recall as well. To further strengthen our connect with the customer, we upgraded our existing service infrastructure and enhanced distribution in areas that were not up to the mark. Thus covering newer territories.”

    Talking about the fourth quarter results, Goel said, “Healthy subscriber additions and a higher ARPU improved the subscription revenues by 12.6 percent over the corresponding quarter last fiscal. EBITDA of Rs. 260.8 crore recorded an 18.1 percent jump over the corresponding quarter. Net Profit for the quarter was Rs. 482.8 crore as against Rs. 34.9 crore in the fourth quarter last fiscal. The resultant free cash flow was Rs. 104.7 crore. Churn for the quarter remained steady at 0.7 percent per month.”

    The company also added 8 new channels to its platform during the month of April 2016 taking its total offering size to more than 525 channels and  services. To further enhance the digital TV experience for subscribers and build an affordable and fast deployment model for itself, Dish TV
    selected Wyplay’s Frog as the Middleware for its next generation Set-Top-Boxes. Wyplay is an HTML5 browser based system and incorporates all features required for traditional linear broadcast TV consumption, on-demand content and applications distributed over the internet.

    Talking about these developments, Goel said, “We had our share of ups and downs during the year, but I am glad that we came out as winners at the end of it all. The fast paced dynamism of technological, regulatory and industrial developments kept us productively occupied and brought the best out of us.  We are in tune with the environmental shift around us and are motivated to be ahead of the curve as complex changes take place.”

     

     

  • Q1-2016: Zeel’s 25% spurt in y-o-y ad revenue ups PAT by 16%

    Q1-2016: Zeel’s 25% spurt in y-o-y ad revenue ups PAT by 16%

    BENGALURU: The Subhash Chandra led content and broadcast player Zee Entertainment Enterprises Limited (Zeel) reported a 25.4 per cent hike in advertisement revenue in the quarter ended 30 June, 2015 (Q1-2016) to Rs 779.93 crore (58.21 per cent of Total Revenue or TR) as compared to the Rs 622.10 crore (57.3 per cent of TR) in the corresponding quarter of last year. This is also 16.5 per cent more than the Rs 669.66 crore (49.7 per cent of TR) in Q4-2015.

     

    Profit after Tax (PAT) in Q1-2016 increased by 15.8 per cent to Rs 243.76 crore (18.2 per cent of TR) as compared to the Rs 210.57 crore (19.4 per cent of TR) in Q1-2015 and 5.6 per cent more than the Rs 230.77 crore (17.1 per cent of TR) in Q4-2015.

     

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

     

    Zeel’s PAT was affected by lower q-o-q subscription revenue and other sales and service income. Subscription revenue in Q1-2016 was at Rs 462.53 crore (34.5 per cent of TR) just 4.5 per cent more than the Rs 442.77 crore (40.8 per cent of TR) in Q1-2015 and 9.4 per cent lower than the Rs 510.77 crore (37.9 per cent of TR) in the immediate trailing quarter.

     

    The company said that during the quarter, domestic subscription revenues in Q1-2016 stood at Rs 368 crore, which was 13.7 per cent more than the Rs 323.8 crore in Q1-2015, but 11.9 per cent lower than the Rs 417.5 crore in Q4-2015. International subscription revenue stood at Rs 94.5 crore in Q1-2016, which was 20.5 per cent lower as compared to the Rs 118.9 crore in Q1-2015 but 1.3 per cent higher than the Rs 93.3 crore in Q4-2015.

     

    While y-o-y other sales and service income more than quadrupled (was up 367.6 per cent) in Q1-2016 to Rs 97.4 crore (7.3 per cent of TR) as compared to Rs 20.83 crore (1.9 per cent of TR) in Q1-2015, it was 41.5 per cent lower than the Rs 166.62 crore (12.4 per cent of TR) in Q4-2015.

     

    The company’s y-o-y operating EBIDTA (Earnings before interest, depreciation, tax and amortisation) increased fractionally by 0.7 per cent in Q1-2016 to Rs 311.20 crore (23.3 per cent of TR) from Rs 309.17 crore (28.5 per cent of TR) in Q1-2015 and was 14.9 per cent more than the Rs 270.75 crore (20.1 per cent of TR) in Q4-2015.

     

    Other results reported by Zeel for Q1-2016:

     

    TR in the current quarter increased 23.4 per cent to Rs 1339.86 crore from Rs 1085.70 crore in Q1-2015, but was 0.5 per cent lower than the Rs 1347.05 crore in the immediate trailing quarter.

     

    Total Expense (TE) in Q1-2016 at Rs 1045.47 crore (78 per cent of TR) was 31.3 per cent more than the Rs 796.10 crore (73.3 per cent of TR) in the corresponding year ago quarter, but 4.4 per cent lower than the Rs 1093.70 crore (81.2 per cent of TR) in Q4-2015.

     

    Zeel’s operating cost increased 40.7 per cent to Rs 610.76 crore (45.6 per cent of TR) in Q1-2016 as compared to the Rs 434.02 crore (40 per cent of TR) in the corresponding year ago quarter, but fell 1.5 per cent from the Rs 620.09 crore (46 percent of TR) in Q4-2015.

     

    Other expense in Q1-2016 fell 20.6 per cent to Rs 183.24 crore (13.7 per cent of TR) from Rs 230.80 crore (21.3 per cent of TR) in Q1-2015 and was 9.7 per cent lower than the Rs 202.86 crore (15.1 per cent of TR) in Q4-2015.

     

    Employee Benefit Expense increased 23.5 per cent to Rs 138.01 crore (10.3 per cent of TR) in Q1-2016 from Rs 111.71 crore (10.3 per cent of TR) in Q1-2015 and was 10.6 per cent more than the Rs 120.89 crore (nine per cent of TR) in Q4-2015.

     

    Advertisement and Publicity expense was 20.3 per cent more in Q1-2016 at Rs 96.65 crore (7.2 per cent of TR) as compared to the Rs 80.37 crore (8.4 percent of TR) in Q1-2015, but 27 per cent lower than the Rs 132.46 crore (9.8 per cent of TR) in Q4-2015.

     

    Company speak

     

    Zeel chairman Subhash Chandra said, “The Indian Media and Entertainment Industry is making strides in the economy, backed by rising advertising revenues and consumer payments. 61 per cent of all households in India are now equipped with a television making us the second largest TV viewership market after China. With digitization, subscription revenues in urban and rural areas are growing , resulting in a healthy impact on the industry.”

     

    Chandra added, “Zee has recorded a satisfactory performance during the first quarter. Our investments have resulted in organic growth, which is in line with our expectations. We continue to build Zee’s presence in this highly competitive space by creating compelling content across genres and by pursuing new opportunities that will yield long term growth.”

     

    Zeel managing director and CEO Puneet Goenka said, “We continue to experience growth in both advertising and subscription revenues through the launch of new and innovative programming. We believe that by delivering excellent content we can benefit from monetizing revenues from an advertising and subscription standpoint.”