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Tag: Q2 FY2022

  • Vodafone Idea records revenue growth of 2.8 per cent QoQ in Q2 FY2022

    Vodafone Idea records revenue growth of 2.8 per cent QoQ in Q2 FY2022

    Mumbai: Vodafone Idea recorded revenue growth of 2.8 per cent quarter-on-quarter (QoQ) in Q2 FY2022. The telecom company reported revenues of Rs 94.1 billion for the quarter.

    EBIDTA for the quarter improved to Rs 38.6 billion up by 4.6 per cent QoQ. EBITDA margins improved to 41.1 per cent over 40.5 per cent on a year-on-year basis. Capex spends for the quarter was Rs 13 billion.

    Vodafone Idea’s subscriber base stands at 253 million, a decline of 2.4 million YoY. The company saw a healthy addition of 3.3 million subscribers to its 4G base which stands at 116.2 million. The company reported improved subscriber churn at 2.9 per cent vs 3.5 per cent last year for the corresponding quarter.

    The company reported improved ARPUs of Rs 109 up by 5.3 per cent QoQ. “This quarter we had taken certain pricing initiatives to improve ARPU, in line with our stated strategy. We increased the entry level prepaid pricing plan from Rs. 49 to Rs. 79, in a phased manner, as well as increased the tariffs in some postpaid plans,” said the statement.

    The company’s total gross debt (excluding lease liabilities and including interest accrued but not due) stands at Rs. 1947.8 billion, comprising of deferred spectrum payment obligations of Rs. 1086.1 billion, AGR liability of Rs. 634.0 billion that is due to the government and debt from banks and financial institutions of Rs. 227.7 billion.

    “We welcome the Government’s landmark reform package which addresses several industry concerns and provides immediate relief to the financial stress in the sector,” said Vodafone Idea chief executive officer Ravinder Takkar. “During the last quarter, we witnessed a recovery in our operating momentum as the economy has started to gradually open up aided by the ongoing rapid vaccination drive. We continue to focus on executing our strategy to improve our competitive position and win in the marketplace.”

  • Network18 reports 53 per cent EBITDA growth in Q2 FY22

    Network18 reports 53 per cent EBITDA growth in Q2 FY22

    Mumbai: Network18 Media and Investments Ltd has announced its results for the second quarter financial year 2022. The media company reported that the consolidated EBITDA for the quarter grew 53 per cent year-on-year and operating margin at 18.2 per cent.

    The entertainment margin stood at ~19 per cent and excluding film business, revenue was up by 31 per cent YoY. The news margin stood at ~18 per cent and news business revenue was up by 18 per cent YoY. The revenues for digital news rose by 55 per cent YoY and margins at ~17 per cent. Profit after tax rose to ~ Rs 200 crore.

    The company reported that its entertainment broadcast business saw a strong performance in Hindi and select regional markets and that its share of the entertainment portfolio rose 90bps quarter-on-quarter to 11.8 per cent. “This was despite a marginal decline in the entertainment and overall TV viewership, which has now settled at the pre-Covid-19 levels,” it noted.

    It also reported that entertainment revenues surpassed pre-Covid-19 as ad volumes registered strong growth during the quarter. “Having already scaled to FY20 levels in Q1, ad revenue registered a strong growth (vs both FY21, FY20) during the quarter, driven by an action-packed programming calendar that strengthened the network’s viewership share,” the company said.

    According to the company, domestic pay-TV subscription revenue for the quarter was flattish YoY while international pay-TV subscription revenue remains under stress.

    The company confirmed that Viacom18 has acquired the rights to the next FIFA World Cup 2022 to be held in Qatar. It has also acquired rights to three of the five most-watched football leagues in the world – La Liga (Spain), Serie A (Italy), and Ligue 1 (France). It said, “Live sports on broadcast and digital platforms will complement the current entertainment offering and will strengthen the consumer value proposition of the network.”

    The company’s over-the-top platform Voot Select saw a sharp jump in paid subscribers during the quarter, which is attributed to the launch of “Bigg Boss OTT.” The show garnered more than 10 billion minutes of watch time (AVOD+SVOD) over a six-week period. The company reported that Voot was the fastest OTT to reach one million B2C subscribers.

    “This quarter has been quite remarkable, both from a macro as well as company’s point of view. The way the country came out of the grip of the second wave of Covid-19 was truly heartening and equally reassuring was the full-swing return of economic growth,” said Network18 chairman Adil Zainulbhai.

    “The outlook is looking quite promising from a medium-term perspective and this is good news for all our consumer-facing businesses. Our digital assets, both news and entertainment, got a lift during the pandemic and we continue to invest to leverage those gains. With expansion into the sports genre, we have taken a significant step towards scaling up our entertainment portfolio to the next level. This will help establish us as a truly integrated media company across broadcast, OTT, and content studio business spanning general entertainment, news, movies and sports,” he added.