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Tag: Q1 FY23

  • Bharti Airtel Q1 FY23 revenue up by 22.2 per cent; India revenue up by 23.8 per cent

    Bharti Airtel Q1 FY23 revenue up by 22.2 per cent; India revenue up by 23.8 per cent

    Mumbai: Bharti Airtel on Monday reported its first quarter results for the financial year 2023. The company posted revenue of Rs 32,805 crore up by 22.2 per cent year-on-year (YoY). Its India business revenue stood at Rs 23,319 crore up by 23.8 per cent YoY.

    Airtel’s consolidated net income after exceptional items stood at Rs 1,607 crore.

    Airtel’s mobile services business revenue went up by 27.4 per cent YoY at Rs 18,220 crore led by an increase in average revenue per user (ARPU) and strong 4G customer additions. Airtel’s mobile ARPU increased to Rs 183 over Rs 146 in the corresponding quarter in FY22. Its 4G customers increased by 20.8 million YoY and 4.5 million quarter-on-quarter (QoQ).

    The company reported that mobile data consumption per customer has increased by 16.6 per cent YoY and stood at 19.5 Gb per month.

    Airtel Digital TV business reported an eight per cent decline in revenue at Rs 748.2 crore versus Rs 809.4 crore in the corresponding quarter last year. The company reported 17.4 million subscribers at the end of the quarter.

    Airtel Homes business grew by 41.9 per cent YoY at Rs 926.5 crore led by net customer additions of 1.4 million during the quarter. Airtel Business revenue was up by 15.2 per cent YoY at Rs 4365.6 crore.

    “This has been another solid quarter. We continue to deliver strong and sustained growth at 4.5 per cent sequentially,” said Bharti Airtel MD and CEO Gopal Vittal. “EBITDA margins are now at 50.6 per cent. Our enterprise and homes business has strong momentum and delivered strong double-digit growth, improving the diversity of the overall portfolio. Airtel’s strategy of winning with quality customers continues to yield good results with an industry beating ARPU at Rs 183.”

    He further said, “As India gets ready to launch 5G, we are well positioned to raise the bar on innovation. We are also confident of meeting the emerging needs of discerning customers looking for speed, coverage and latency. Our astute spectrum strategy over the last few years as we bolstered mid band spectrum is designed to deliver the best experience at the lowest total cost of ownership.”

  • UFO Moviez Q1 FY23 revenues up to Rs 90.6 crore; loss down to Rs 2.5 crore

    UFO Moviez Q1 FY23 revenues up to Rs 90.6 crore; loss down to Rs 2.5 crore

    Mumbai: In-cinema advertising platform UFO Moviez reported its first quarter results for the financial year 2023. The company reported revenue of Rs 90.6 crore versus Rs 28.2 crore in the corresponding quarter last year. It saw a loss of Rs 2.5 crore versus Rs 26.7 crore in Q1 FY22.

    The company reported earnings before interest, tax, depreciation and amortisation (Ebitda) of Rs 9.8 crore compared to Rs 18.1 crore year-on-year.

    While theatrical revenues are increasing due to the consistent and uninterrupted release of films by both the Hindi and regional film industries, advertisement revenues are slowly recovering due to lower government advertising spending. The corporate advertising segment has, however, shown a significant recovery.

    “The steady release of movies has resulted in a fuller resumption of operations and a revival in revenues,” said UFO Moviez executive director and group CEO Rajesh Mishra. “The success of big budget movies in April’22 and May’22, provided an impetus to all revenue streams, especially the corporate advertisement revenue that has seen a substantial recovery. Whereas, the lag in government advertising spending continued to put pressure on the overall advertisement revenue. We have already turned Ebitda positive and we expect this upward trend to continue. Meanwhile, the increasing appetite of audiences to consume movies in different languages and genres will continue to benefit our theatrical revenues.

  • Vodafone Idea Q1 FY23 revenue soars by 13.7 per cent; loss at Rs 7396.7 crore

    Vodafone Idea Q1 FY23 revenue soars by 13.7 per cent; loss at Rs 7396.7 crore

    Mumbai: Vodafone Idea announced its first quarter results for financial year 2022-2023. The company reported revenue of Rs 10,410 crore up by 13.7 per cent year-on-year (YoY). It reported a loss of Rs 7396.7 crore.

    The company reported earnings before interest, tax, depreciation and amortisation of Rs 4330 crore and capital expenditure (capex) stood at Rs 8400 crore compared to Rs 12,100 crore in the corresponding quarter last year.

    Vodafone Idea’s total gross debt as of 30 June stands at Rs 1,99,080 crore, comprising of deferred spectrum payment obligations of Rs 1,16,600 crore and AGR liability of Rs 67,270 crore that are due to the government, and debt from banks and financial institutions of Rs 15,200 crore.  Cash and cash equivalents were Rs 8600 crore.

    The company’s average revenue per user (ARPU) improved to Rs 128 up 3.6 per cent quarter on quarter (QoQ) from Rs 124 in Q4FY22. On a YoY basis, ARPU witnessed strong growth of 23.4 per cent aided by tariff hikes.

    Vodafone Idea’s subscriber base declined to 240.4 million as compared to 243.8 million in Q4 FY22, however, its 4G subscriber base continued to grow and with one million customers added in Q1, its 4G base now stands at 119 million.

    The company reported high data usage per 4G customer at ~14.3 Gb/month.

    Vodafone Idea Limited MD and CEO Ravinder Takkar said, “We continue to witness 4G subscriber growth on the back of superior data and voice experience offered by Vi GIGAnet as well as due to our focus on creating differentiated digital experience for our customers.

    He further said, “In the recently concluded spectrum auction, we have acquired sufficient spectrum in our key markets to offer superior 5G experience to our customers.”

    “We also completed the first tranche of fund raising in the form of preferential equity contribution of ~Rs. 49.4 billion from our promoters, including the incremental infusion of ~Rs. 4.4 billion by Vodafone Group in July 2022. We continue to remain engaged with lenders and investors for further fund raising.”

  • Zee Media’s Q1 FY23 revenues up by 21.6 per cent and ad revenues soars 23.7 per cent YoY

    Zee Media’s Q1 FY23 revenues up by 21.6 per cent and ad revenues soars 23.7 per cent YoY

    Mumbai: Zee Media Corp Ltd (ZMCL) announced its first quarter financial results for the financial year 2023 on 29 July. The company reported total revenues of Rs 206.96 crore compared to Rs 170.18 crore during the corresponding quarter last year up by 21.6 per cent.

    ZMCL’s advertising revenues for the quarter stood at Rs 196.53 crore, up by 23.7 per cent YoY. Subscription revenue declined by 10.2 per cent to Rs 8.93 crore.

    ZMCL’s earnings before interest tax depreciation and amortization (EBIDTA) dipped marginally to Rs 39.84 crore from Rs 45.32 crore year-on-year (YoY).

    The company reported profit after tax of Rs 8.19 crore compared to a loss of Rs 9.04 crore YoY.

    The news broadcasting company’s operating expenditure increased by 33.8 per cent to Rs 167.12 crore versus Rs 124.86 crore in the corresponding quarter last year. The company’s operating costs went up by 58.2 per cent to reach Rs 36.02 crore and employee benefit expenses went up by 35.6 per cent to reach Rs 66.92 crore. Its other expenses increased by 29.8 per cent to reach Rs 44.84 crore.

    ZMCL operates 14 TV news channels comprising one global, four national and nine regional language channels, together with five digital channels, 17 digital brands and is one of the largest news networks in the country.

    Its flagship Hindi news channel Zee News had 9.2 per cent market share as per Broadcast Audience Research Council (Barc) data for Week 26 2022 (four week rolling average), Hindi-speaking market (HSM) 15+ audience, 0600-2400 hours. It recorded 15 minutes ATSV (average time spent per viewer).

    Zee News YouTube channel garnered 660 million video views during the April-May-June quarter and reached over 60.1 million viewers through continued focus on innovative programming.

    Its global channel Wion was awarded 13 prestigious News Television (NT) awards recognising the channel’s unbiased and non-cluttered approach towards news. The channel enjoyed 7.9 minutes ATSV and is the No. 1 English news channel on YouTube based on video views.

    Source: BARC, All 22+ Male AB, India Urban, 0600-2400 hrs, WK 26’22 (4 weeks rolling average)

    The network’s Hindi business channel Zee Business has 58.6 per cent market share, an average weekly reach of 1.32 million and 25.6 minutes ATSV as per Barc data, All 22+, Male ABC, HSM, 0600-2400 hrs WK 26’22 (4 weeks rolling average).

  • Hathway Cable and Datacom Q1 FY23 revenues at Rs 447.2 crore

    Hathway Cable and Datacom Q1 FY23 revenues at Rs 447.2 crore

    Mumbai: Hathway Cable and Datacom on Friday reported its first quarter results for the financial year FY23. The company reported gross revenue of Rs 447.2 crore and earnings before interest, tax, depreciation and amortisation (Ebitda) of Rs 102.6 crore.

    The company reported profit after tax of Rs 21 crore as compared to Rs 28.4 crore in the preceding quarter. Its broadband business brought in revenues of Rs 157.2 crore and its cable TV business stood at Rs 290 crore.

    The company’s total expenditure stood at Rs 360.2 crore, and its pay channel cost stood at Rs 172.7 crore.

    Hathway Cable and Datacom reported 1.12 million broadband subscribers at the end of June. Customer satisfaction scores (CSAT) increased from 62 per cent in the first quarter of FY22 to 84 per cent in the first quarter of FY23.

    The company augmented its fibre-to-the-home capacity to accommodate another 1.2 million customers. It also finished next-generation. Docsis speed complaints were reduced by 80 per cent in all cities following the Docsis upgrade. It reported that 65 per cent of Docsis customers have been upgraded to 100 Mbps plans.

  • Shemaroo Entertainment’s traditional media biz up by 39% YoY in Q1 FY23

    Shemaroo Entertainment’s traditional media biz up by 39% YoY in Q1 FY23

    Mumbai: Shemaroo Entertainment announced its financial results for the first quarter of FY23 recently. The company reported consolidated revenue from operations of Rs 96 crore, up by 28.4 per cent, and a Rs 20 lakh net profit.

    Its digital media business generated Rs 48.1 crore in revenues, up by 19.3 per cent YoY. The company’s traditional media business generated Rs 47.9 crore in revenues, up by 39 per cent YoY.

    Shemaroo’s expenses also grew to Rs 87.9 crore, up by 29.9 per cent YoY.

    The company reported a flux in media viewership across traditional and digital platforms on account of increased mobility due to the Covid unlocking period. The advertising spends for traditional advertisers were affected due to rising input costs, uncertainty in the global economic environment, and supply chain disruptions. This was amplified by the slowdown in start-up funding, which impacted new-age advertisers.

    Despite the challenges, the company delivered a strong performance in terms of revenue growth and maintained positive margins during the quarter.

    Shemaroo launched its third free-to-air (FTA) Hindi general entertainment channel (GEC) Shemaroo Umang in April. The company began monetising the channel via advertisements in July. As per the company, Shemaroo Umang opened at the No. 2 position among FTA GECs and held on to that position until the end of the quarter.

  • GTPL Hathway Q1 FY23 consolidated revenues up 10 per cent YoY at Rs 645.4 crore

    GTPL Hathway Q1 FY23 consolidated revenues up 10 per cent YoY at Rs 645.4 crore

    Mumbai: Digital cable TV and broadband company GTPL Hathway announced its financial results for the first quarter of FY2023 on Thursday. The company reported consolidated revenue of Rs 645.4 crore a growth of 10 per cent year-on-year (YoY).

    The company reported subscription revenue of Rs 272.7 crore up by three per cent YoY. Broadband revenue was up by 24 per cent YoY at Rs 113.9 crore. It reported a profit after tax (PAT) of Rs 43.3 crore.

    GTPL Hathway’s broadband subscribers grew by 29,000 quarter-on-quarter. Its total active broadband subscribers reached 8,45,000 and homepasses reached 4.85 million.

    GTPL Hathway managing director Anirudhsinh Jadeja said, “We have been consistent in achieving our goals across all business segments. We are the largest multiple-system operator (MSO) in India and continue our strategy of expansion in new geographies & deeper penetration in our existing markets. The key highlights of Q1 FY23 are stable digital cable TV subscription revenues and growth in subscribers as well as revenues in the broadband business. GTPL has again been listed amongst ‘India’s Top 500 Companies 2022’, the second year in a row, as released by Dun & Bradstreet. We have entered FY23 with a positive outlook for our businesses and confidence in our ability to continue its successful evolution.”