ITV

Tag: Q3-2014

  • FY-2014: Mukta Arts pays producers, distributors share Rs 234 crore; reports loss at Rs 7.34 crore.

    FY-2014: Mukta Arts pays producers, distributors share Rs 234 crore; reports loss at Rs 7.34 crore.

    BENGALURU: Mukta Arts Limited (Mukta Arts) paid Rs 234.09 crore (76 per cent of consolidated net total income from operations or Op Inc of Rs 234.09 crore) as producers and distributors share in FY-2014. The company has reported a consolidated loss of Rs 7.34 crore in FY-2014, which was 5.36 times the loss of Rs 1.37 crore the company had reported in FY-2013. Other Income in FY-2014, which included the proceeds of a keyman insurance policy, cushioned the loss by Rs 4.63 crore, else loss would have been nearly Rs10 crore in the year.

     

    In FY-2013, Mukta Arts paid Rs 269.91 crore or 95 per cent of Op Inc on a consolidated basis towards producers and distributors share. In FY-2013, other income reduced the loss by Rs 2.25 crore.

     

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

     

    (2) Annual figures are on a consolidated basis.

     

    Let us look at the other numbers reported by Mukta Arts for FY-2014 and Q4-2014

     

    Mukta Arts reported Total Income from operations (net) excluding other income in Q4-2014 as Rs 57.07 crore which was 25.6 per cent lower than the Rs 76.67 crore in Q3-2014 and 3.1 per cent less than the Rs 61.91 crore in the year ago quarter Q4-2013.

     

    Consolidated Total Expense for FY-2014 at Rs 313.83 crore (102 per cent of Op Inc) was 14.7 per cent more than the Rs 273.65 crore (98.9 per cent of Op Inc) in FY-2013. Mukta Arts total expense in Q4-2014 at Rs 60.21 crore (105.5 per cent of Op Inc) was 21.4 per cent less than the Rs 76.61 crore (99.9 per cent of Op Inc) in Q3-2014 and 2.7 per cent less than the Rs 61.91 crore (105 per cent of Op Inc) in Q4-2013.

     

    Producers and distributors share expense in Q4-2014 at Rs 48.93 crore (85.7 per cent of Op Inc) was 29 per cent less than the Rs 68.98 crore (90 per cent of Op Inc) in Q3-2014 and 8.9 per cent less than the Rs 53.73 crore (91.2 per cent of Op Inc) in the fourth quarter of last year.

     

    Other expense for FY-2014 at Rs 30.6 crore (9.9 per cent of Op Inc) was 32.3 per cent more than the Rs 23.12 crore (8.35 per cent of Op Inc). In FY-2013, Mukta Arts reported other expense in Q4-2014 at Rs 6.33 crore (11.1 per cent of Op Inc) was 62.7 per cent more than the Rs 3.89 crore (5.1 per cent of Op Inc) and 30.1 per cent more than the Rs 4.87 crore (8.3 per cent of Op Inc) in Q4-2013.

     

    Finance cost is FY-2104 at Rs 6.64 crore (2.2 per cent of Op Inc) was 16.7 per cent more than the Rs 5.69 crore (2.1 per cent of Op Inc) in FY-2013. Mukta Arts spent Rs1.97 crore (3.45 per cent of Op Inc) towards finance cost, which was 31.5 per cent more than the Rs 1.5 crore (1.95 per cent of Op Inc) in Q3-2014 and 53.7 per cent more than the Rs 1.28 crore (2.2 per cent of Op Inc) in Q4-2013.

     

    Mukta Arts reported depreciation of tangible assets as Rs 7.09 crore (2.3 per cent of Op Inc) in FY-2014, which was 1.3 per cent more than the Rs 6.99 crore (2.5 per cent of Op Inc) in FY-2013. Depreciation for Q3-2014 at Rs1.33 crore (2.3 per cent of Op Inc) was 27.1 per cent more than the Rs 1.05 crore (1.4 per cent of Op Inc) in Q3-2014 and was 32.7 per cent more than the Rs1 crore (1.7 per cent of Op Inc) in Q4-2013.

     

    Operating Results for the quarters were: Q4-2014 – loss of Rs 33.5 crore; Q3-2014 – Profit of Rs 0.92 crore; Q4-2013 loss of Rs 2.49 crore.

  • Zee Learn FY-2014 revenue up 19 per cent, loss down

    Zee Learn FY-2014 revenue up 19 per cent, loss down

    BENGALURU: The Essel group’s education company Zee Learn Limited (Zee Learn) reported a 19.08 per cent hike in net income from operations (Op Inc) to Rs 119.18 crore in FY-2014 from Rs 100.08 crore in FY-2013. The company’s loss during the year was down from Rs 21.22 crore in FY-2013 to Rs1.33 crore in FY-2014.

     

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

     

    For Q4-2014, Zee Learn has reported an Op Inc of Rs 39.04 crore, 72 per cent more than the Rs 22.7 crore in the immediate trailing quarter and 7.2 per cent more than the Rs 36.43 crore in the year ago quarter Q4-2013.

     

    Corresponding loss numbers during the quarters are: Rs 1.73 crore in Q4-2013, Rs 3.38 crore in Q3-2014 and Rs 7.35 crore in Q4-2013.

     

    Let us look at the other FY-2014 and Q4-2014 numbers reported by Zee Learn

     

    Zee Learn’s Total Expenditure in FY-2014 at Rs 115.45 crore (96.87 per cent of Op Inc) was 0.43 per cent more than the Rs 114.96 crore in FY-2013. The company’s Tot Exp in Q4-2014 at Rs 38.18 crore (97.80 per cent of Op Inc) was 59 per cent more than the Rs 24 crore (105.73 per cent of Op Inc) in Q3-2014 and 5.42 per cent less than the Rs 40.37 crore (110.8 per cent of Op Inc) in Q4-2013.

     

    The company spent 39 per cent more in FY-2014 towards purchase of education goods and television content (Ed goods) at Rs 43.57 crore (36.6 per cent of Op Inc) as compared to the Rs 31.36 crore (31.3 per cent of Op Inc) in FY-2013. Zee Learn’s Ed goods expense in Q4-2014 at Rs 15.78 crore (40.41 per of Op Inc) was 63.3 per cent more than the Rs 9.66 crore (42.6 per cent of Op Inc) in Q3-2014 and 4.6 per cent more than the Rs15.08 crore (41.4 per cent of Op Inc) in Q4-2013.

     

    Zee Learn spent Rs 13.71 crore (11.5 per cent of Op Inc) in FY-2014 towards Marketing advertisement and publicity expense (Publicity Exp), which was 18.7 per cent less than the Rs 16.86 crore (17 per cent of Op Inc) in FY-2013. Zee Learn’s Publicity Exp in Q4-2014 at Rs 6.27 crore (16 per cent of Op Inc) was more than the triple (3.23 times) the Rs 1.94 crore (8.6 per cent of Op Inc) in Q3-2014 and 4.8 per cent more than the Rs 5.98 crore (16.4 per cent of Op Inc) in Q4-2013.

  • Trent Ltd’s Ad Spend at Rs 8.56 crore in Q3-2014

    Trent Ltd’s Ad Spend at Rs 8.56 crore in Q3-2014

    BENGALURU: The Tata group’s department store operator Trent Limited spent the second highest amount of Rs.8.56 crores in Q3-2014 amongst the preceding seven quarters towards advertising and sales promotion (Ad Spend). Earlier, during Q3-2013 the company had an ad Spend of Rs 10.16 crore, the highest across seven quarters from Q1-2013 to Q3-2014. (Note : Rs 1 crore = Rs.100 Lakhs = Rs 10 million = Rs.100,00,000).

    Trent Limited was established in 1998 as a part of the Tata group. It operates the retail store chain Westside. In 2004 the company ventured into the hypermarket business with Star Bazaar. Also, Trent Ltd acquired a 76 per cent stake in the books and music retail store chain Landmark.

    In terms of percentage of Operating Income (Op Inc), Trent Ltd Ad Spend shows a downward linear trend. In Q3-2014, Ad Spend was 3.30 per cent of Op Inc., while in the year ago quarter it was 3.94 per cent (the highest in terms of value and percentage of Op Inc over the seven quarters under consideration). Trent Ltd., lowest quarterly Ad Spend was in Q4-2013 at Rs  4.02 crores.

    However, despite the downward linear trend in Ad Spend in terms of percentage of Op Inc, in value or rupee terms, the linear trend is upwards because of the increase in Op Inc. Please refer to Figures A and B.

    The company’s PAT too is moving upwards linearly, both in terms of percentage of Op Inc as well as in rupee or value terms. The company reported the highest PAT across the seven quarters under consideration in Q3-2014 at Rs 23.49 crore, while the lowest PAT across the seven quarters was in Q2-2013 at a shade under Rs 9 crore. (Refer Figure B below)

    As mentioned above, the company’s Op Inc has been moving linearly upwards, with the quarter ended December 2013 reporting the highest figure at Rs 282.43 crore, while the lowest Op Inc reported during the seven quarters under consideration was in Q1-2013 at Rs 218.71 crore. Correspondingly, the company’s Total Expenses (Tot Exp) figure is also following a linear upwards trend and Tot Exp has been highest at Rs 268.95 crore in Q2-2014 and the lowest in Q1-2013 at Rs 214.44 crore. Please refer to Figure C below.

    Figure D shows the Q-o-q change in Op Inc, PAT and Ad Spend. The change in Q1-2013 is in relation to Q4-2012.

     

  • Bajaj Corp posts highest percentage spend toward ASP in Q3-2014

    Bajaj Corp posts highest percentage spend toward ASP in Q3-2014

    BENGALURU: In the last seven quarters starting Q1-2013 till Q3-2014, Bajaj Corp Limited (Bajaj Corp) reported the highest ever spend in percentage terms towards Advertisement and Sales Promotion (ASP) in Q3-2014 at 17.85 per cent of Income from Operations (Op Inc).
    It may be noted that Bajaj Corp’s ASP spend comprises both Advertisement (Ad Exp) and Sales Promotion (SP). While ASP figures have been obtained from presentations over various quarters to company investors, Ad Exp has been taken from the firm’s financial results. Consequently, SP has been derived by deducting Ad Exp from ASP. All figures are taken as approximate. Significantly, Rs 100 lakh = Rs 100,00,000 = Rs 1 crore = Rs 10 million.
     On 22 August, 2013, Bajaj Corp acquired the ‘Nomarks’ brand and entered a non-compete agreement with the seller for a period of three years. The management inter alia considered the non-compete period and estimated the useful life of the brand as three years. As per Accounting Standards (AS) 26 – Intangible Assets, the acquisition cost of the brand and non-compete needs to be amortized over the estimated useful life of three years. Accordingly, a pro-rata (for Q3) amount of Rs 11.75 crore has been amortized during the quarter ended December 31, 2013. The same has been shown under exceptional items. Whereas in Q2-2014, a pro-rata (for 40 days) amount of Rs 5.10 crore had been amortized and shown under exceptional items.
    Here’s looking at the figures reported by Bajaj Corp from Q1-2013 to Q3-2014.
    As mentioned earlier, in percentage terms, the company’s ASP spend was the highest at 17.85 per cent of Op Inc or Rs 28.31 crore in Q3-2014. However in value terms, it was the highest at 16.42 per cent of Op Inc or Rs 30.24 crore in Q4-2013. Also, ASP spend in Q1-2014 was slightly higher in value terms at Rs 28.53 crore but at 16.76 per cent of Op Inc. Over the last seven quarters, Bajaj Corp’s ASP has increased both in value and percentage of Op Inc terms.
     Its Ad Exp trend is almost flat while SP is trending upward. Fact is, in Q3-2014, the company spent the lowest amount toward Ad Exp at 5.43 per cent of Op Inc or Rs 8.611 crore as compared to Q1-2014, when it spend the highest amount toward Ad Exp at 8.8 per cent of Op Inc or Rs 14.9847 crore.
    Correspondingly, the company’s SP spend has been increasing steadily from an all-time low of 5.45 per cent of Op Inc or Rs 7.5308 crore in Q1-2013, to the highest across seven quarters in terms of percentage and value at 12.42 per cent of Op Inc or Rs 19.6989 crore in Q3-2014.
    Trends for ASP, Ad Exp, and SP in terms of percentage of Total Expense and percentage of Op Inc are almost similar. The company’s Ad Exp proportion has been going down while its SP has been increasing progressively.
     Overall, ASP has been going up with the share of SP growing. From a high of 56.62 per cent of ASP or Rs 9.8282 crore in Q1-2013, Ad Exp in Q3-2014 has been the lowest at 30.42 per cent of ASP or Rs 8.6111 crore.

    Please refer to figures A, A-1 and B below.

    Figures B  and C indicate that Bajaj Corp’s Ad Exp proportion has been going down, while its SP has been increasing progressively. Overall, ASP has been going up with the share of SP growing. From a high of 56.62 per cent of ASP, (Rs 9.8282 crores) in Q1-2013, Ad Exp in Q3-2014 has been the lowest at 30.42 per cent of ASP (Rs 8.6111 crores).

    Over the seven quarters under consideration, both Op Inc and Total Expense show an upward trend while PAT shows a downward trend. PAT peaked in Q4-2013 at Rs 47.014 crore and was the lowest at Rs 29.1003 crore in Q3-2014. PAT has been affected on account of Bajaj Corp having amortized its ‘Nomarks’ acquisition, as mentioned earlier. Also, in Q1-2014 and Q3-2014, ‘change in inventories of finished goods, work-in-progress and stock in trade’ added to expense as compared to the reduction in expense in Q2-2014 and Q4-2013. Further, the company purchased 44.85 per cent higher stock-in-trade in Q3-2014 at Rs 16.27 crore vis-a-vis Rs 11.23 crore in Q2-2014 and 53.31 per cent more than Rs 10.61 crore in Q3-2013. In the event Bajaj Corp repeats its Q4-2013 performance in the last quarter of this year, the PAT trend is likely to swing upward.
     
    Op Inc too peaked in Q4-2013 at Rs 184.182 crore, moving up from Rs 136.017 crore in Q2-2013, later falling over Q1-2014 and Q2-2014 to reach a low of Rs 158.4016 crore in Q2-2014. Q3-2014 has seen a slight improvement in Op Rev at Rs 158.5762 crore. If it duplicates or improves upon the performance of Q4-2013, the Op Inc upward trend would be even steeper.

    About Bajaj Corp
    Bajaj Corp’s mother brand is Bajaj with sub-brands or products such as Bajaj Almond Drops Hair Oil, Bajaj Kailash Parbhat Cooling Oil, Bajaj Brahmi Amla Hair Oil, Bajaj Amla Shikakai, Bajaj Jasmine Hair Oil, Bajaj Kala Dant Manjan and creams, soaps, face washes and face scrubs under the brand name, ‘Nomarks’.

  • Pressman PAT down in Q3-2014

    Pressman PAT down in Q3-2014

    BENGALURU:  Pressman Advertising Limited (Pressman) reported a (49.4) per cent lower PAT at Rs 1.01 crore in Q3-2014 from Rs 2 crore in Q2-2014. The company was listed at the bourses just a few months ago and the analysis is limited to figures reported by it for the quarter and the nine month period of this year and for FY 2013. PAT for 9M-2014 was Rs 5.03 crore, while the company has reported a small loss of Rs 0.05 crore in 9M-2013, PAT for FY 2013 was Rs 6.29 crore.

     

    Let us look at the Q3-2014 figures reported by Pressman 

     

    Pressman reported an (8.25) per cent drop in operating revenue in Q3-2014 to Rs 9.31 crore from Rs 10.15 crore in Q2-2014. For 9M-2014, the company reported operating revenue of Rs 28.86 crore and for FY 2013, the figure was Rs 43.96 crore. 

     

    Expenditure for Q3-2014 at Rs 8.7 crore was (2.2) per cent lower than the Rs 8.89 crore in Q2-2014. For 9M-2014, the company reported Expenditure of Rs 26.77 crore and for FY 2013 it reported Expenditure of Rs 39.1 crore. 

     

    The company reported a (3.1) per cent drop in Cost of services to Rs 7.26 crore in Q3-2014 from Rs 7.49 crore. For 9M-2014, this cost head was Rs 22.55 crore and for FY 2013, this cost head was Rs 34.09 crore. 

     

    Pressman’s Employee Benefits expense in Q3-2014 was up 10.8 per cent to Rs 0.70 crore from Rs 0.63 crore in Q2-2014.For 9M-2014, Employee Benefit expense was Rs 194 crore and for FY 2013, it was Rs 2.28 crore. 

     

    Notes: (1) The name of the company has changed from Nucent Estates Limited to Pressman Advertising Limited with effect from 22 August 2013. 

     

    (2) Current quarter/half-year’s figures are not comparable for those of last year on account of effect of amalgamation 

     

    (3) In Q1-2014, the company had released Rs 1.461 crore that had been earlier written off and this amount helped in inflating the profit for that quarter. This year the company has added Rs 0.6 crore to exceptional items – write back of liability provided for earlier year no longer required. 

     

    Please read the attached financial results.

  • Saregama reports subdued results for Q3-2014

    Saregama reports subdued results for Q3-2014

    BENGALURU: Saregama India Limited, which claims to be the custodian of over half the music ever recorded in India, reported lower numbers for Q3-2014 as compared to the immediate trailing and year ago quarters, despite its film and television serials segment recording a 15.6 per cent y-o-y  and 5.1 per cent q-o-q growth in operating revenue. The company received lower licence fees and paid lesser royalty fees in Q3-2014 as compared to the previous and corresponding last year.  At the same time, its cost of production of films, television serials and portal went up. 

     

    Overall, the company’s net total income from operations (net of excise duty) for Q3-2014 was 16.4 per cent lower at Rs 43.02 crore as compared to the Rs 51.43 crore in Q3-2013, and 5.5 per cent lower than the Rs 45.53 crore in Q2-2014. During 9M-2014, Saregama’s net total income fell 1.9 per cent to Rs 124.36 crore from Rs 126.74 crore in 9M-2013. For FY the, net total income reported was Rs 174.69 crore.

     

    Saregama’s Q3-2014 net profit at Rs 1.02 crore was a little more than one-fifth (20.61 per cent) of Rs 4.95 crore in Q3-2013 and less than half (about 40 per cent) of the Rs 2.49 crore in Q2-2014. For the nine month period ended December 31, 2014, the company’s net profit  was 37.6 per cent lower at Rs 5.34 crore as compared to the Rs 8.56 crore in 9M-2013. For FY 2013, the company reported PAT of Rs 10.88 crore. 

     

    Let us look at the other Q3-2014 figures reported by Saregama 

     

    Saregama received 17.7 per cent lower licensing fees at Rs 24.67 crore in Q3-2014 as compared to the Rs 29.96 crore in Q3-2013 and 15.2 per cent lower than the Rs 29.08 crore in Q2-2014. In 9M-2014, licensing fee income was Rs 76.71 crore, which was 0.58 per cent more than the Rs 76.27 crore in 9M-2013. For FY 2013, Saregama had licensing fee income of Rs 104.98 crore. 

     

    The company reports revenue from two segments – Music and Film and Television Serials (Production). 

     

    Music segment reported 29 per cent fall in revenue for Q3-2014 to Rs 26.13 from Rs 36.82 crore in Q3-2013, but reported an increase of 34.3 per cent from Rs 19.46 crore in Q2-2014. During 9M-2014, the Music segment’s revenue was down 16.6 per cent to Rs 80.68 crore from Rs 96.79 crore in 9M-2013. For FY 2013, the segment reported revenue of Rs 131.70 crore.

     

    Music segment’s operating profit in Q3-2014 at Rs 8.57 crore was down 25 per cent from Rs 11.42 crore in Q3-2013 and was just 2.5 per cent more than the Rs 8.36 crore in Q2-2014. In 9M-2014, operating profit was 17.3 per cent lower at Rs 26.24 crore as compared to the Rs 31.73 crore in 9M-2013. For FY 2013, Music segment reported revenue of Rs 51.33 crore. 

     

    The company’s Production segment reported operating revenue of Rs 16.89 crore, which was 15.6 per cent more than the Rs 14.61 crore in Q3-2013 and 5.1 per cent more than the Rs 16.07 crore in Q2-2014. The segment’s 9M-2014 operating revenue at Rs 43.68 crore was 45.4 per cent more than the Rs 29.95 crore in 9M-2013. For FY 2013, the segment reported operating income of Rs 42.99 crore.

     

    Production segment reported operating profit at Rs 0.69 crore as compared to an operating loss of Rs 1.28 crore y-o-y and was a little more than a fourth (about 27 per cent) of the Rs 2.54 crore operating profit in Q2-2014. For 9M-2014, the segment reported an operating profit of Rs 3.6 crore as compared to an operating loss of Rs 9.70 crore in 9M-2013. Saregama’s Production segment had reported an operating loss of Rs 11.49 crore in FY 2013. 

     

    The company’s Q3-2014 Total expense at Rs 41.70 crore was 12.4 per cent lower than the Rs 47.59 crore in Q3-2014 and was 4.4 per cent lower than the Rs 43.6 crore in Q2-2014. During the nine month period of the current year, Total expense was up by 0.35 per cent to Rs 119.37 crore from Rs 118.95 crore in 9M-2013. For FY 2013, the company’s Total expense was Rs 167.8 crore. 

     

    As mentioned above, Saregama’s cost of production of Films, Television Serials and portal in Q3-2014 was higher by 10.5 per cent at Rs 14.23 crore as compared to the Rs 12.88 crore in Q3-2013 and was 2.9 per cent more than the Rs 13.83 crore in Q2-2014. For 9M-2014, this expense head at Rs 37.03 crore was 32.6 per cent more than the Rs 27.92 crore in 9M-2013. For FY 2013, Saregama’s cost of production of Films, Television Serials and portal was Rs 39.55 crore. 

     

    The company’s Royalty expense in Q3-2014 was lower by 29.6 per cent at Rs 3.49 crore as compared to the Rs 4.96 crore in Q3-2013 and was less than half 42 per cent of the Rs 8.31 crore in Q-2014. In 9M-2014, Saregama’s royalty expense at Rs 15.24 crore was 29 per cent more than the Rs 11.81 crore in 9M-2013. For FY 2013, the royalty expense was Rs 15.64 crore. 

     

    Saregama’s advertising and sales promotion expense at Rs 2.17 crore in Q3-2014 was less than half (44 per cent) of the Rs 4.92 crore in Q3-2013 and 45.6 per cent more than the Rs 1.49 crore in Q2-2014. In 9M-2014, the company spent Rs 5.87 crore towards Ad expense, which was  (44.6) per cent lower than the Rs 10.59 crore in 9M-2013. In FY 2013, the company spent Rs 14.42 crore towards this expense head.

     

    Click here for full financials

  • Q3-2014: TV Today PAT up 34.5% on year; Oye! FM operating loss narrows

    Q3-2014: TV Today PAT up 34.5% on year; Oye! FM operating loss narrows

    BENGALURU: TV Today Network Limited (TVTN), a part of the India Today group, has reported its net profit in the third quarter ended 31 December, 2013 rose 34.5 per cent to Rs 20.65 crore from Rs 15.35 crore a year ago.

     

    The company’s net profit in the third quarter was 60.9 per cent higher than Rs 12.83 crore in the second quarter of 2013-14.

     

    For the nine months ended 31 December, 2013, TV Today Network’s net profit at 45.46 crore was 7.77 times Rs 5.85 crore a year ago. For 2012-13, the company’s net profit was 12.21 crore.

     

    TVTN’s radio broadcasting business under the brand Oye! FM reported that its operating loss for the first nine months of 2013-14 narrowed by 31.1 per cent to Rs 7.24 crore from Rs 10.51 crore a year ago.

     

    For the third quarter, Oye! FM’s operating loss narrowed by 9.5 per cent to Rs 2.9 crore from Rs 3.2 crore a year ago. Its operating loss for the third quarter was, however, higher than the operating loss of Rs 2.02 crore a quarter ago.

     

    For 2012-13, Oye! FM had an operating loss of Rs 13.24 crore.

     

    TVTN’s television broadcasting segment reported a phenomenal 68.4 per cent growth in operating profit to Rs 33.75 crore in the third quarter of 2013-14 from Rs 20.04 crore a year ago.

     

    The television broadcasting segment’s operating profit in the first nine months at Rs 76.2 crore was 3.62 times a year ago’s Rs 21.1 crore. For 2012-12, the television segment reported operating profit of Rs 32.79 crore.

     

    Let us look at the other Q3-2014 figures reported by TVTN

     

    TVTN’s Operating Revenue at Rs 110.94 crore for Q3-2014 was 22.8 per cent higher than the Rs 90.37 crore of the corresponding quarter of last year and 21.3 per cent more than the Rs 91.45 crore in the immediate trailing quarter. For the nine month period ended December 31, 2013, TVTN saw a growth of Operating Revenue by 27.6 per cent to Rs 291.24 crore from Rs 228.22 crore in the corresponding nine month period of last year. For FY 2013, TVTN had Operating Revenue of Rs 312.44 crore.

     

    TVTN’s Total expense for Q3-2014 at Rs 82.23 crore was 9.4 per cent more than the Rs 75.21 crore in Q3-2013 and 11.8 per cent more than the Rs 73.54 crore for Q2-2014. YTD, TVTN’s Total Expense at Rs 227.04 crore was 3.4 per cent more than the Rs 219.66 crore in the corresponding nine month period of FY2013. TVTN’s Total Expense for FY 2013 was Rs 297.55 crore.

     

    TVTN’s Production Cost for Q3-2014 was 16.3 per cent higher at Rs 10.85 crore as compared to the Rs 9.33 crore in Q3-2013 and 34.7 per cent more than the Rs 8.06 croes in the immediate trailing quarter. For the nine month period ended December 31, 2013, TVTN’s Production Cost went up 3.3 per cent to Rs 27.94 crore from Rs 27.06 crore in the corresponding nine month period of last year. For FY 2013, the company’s Production Cost was Rs 37.42 crore.

     

    TVTN spent Rs 25 crore in Q3-2014 towards Advertisement, Distribution and Sales Promotion (Ad Spend) which was 8.8 per cent more than the Rs 22.98 crore in Q3-2013 and 9 per cent more than the Rs 22.93 crore in Q2-2014. YTD, TVTN’s Ad Spend at Rs 67.62 crore was 1.75 per cent more than the Rs 66.46 crore in the corresponding nine month period of FY 2013. For FY 2013, TVTN’s Ad Spend was Rs 89.4 crore.

     

    Television segment had Operating Revenue of Rs 107.05 crore for Q3-2014, which was 21.7 per cent more than the Rs 87.97 crore in Q3-2013 and 22.2 per cent more than the Rs 87.62 crore in the immediate trailing quarter.  YTD, the company’s Television segment saw Operating Revenue grow by 26.9 per cent to Rs 280.57 crore as compared to the Rs 221.06 crore in the corresponding nine month period of FY 2013. For FY 2013, TVTN’s Television segment had Operating Revenue of Rs 302.69 crore.

     

    Oye! FM had Operating Revenue of Rs 4.37 crore in Q3-2014, which was 76.8 per cent more than the Rs 2.47 crore in the corresponding quarter of last fiscal and 7 per cent more than the Rs 4.08 crore in Q2-2014. YTD, Oye! FM reported Operating revenue of Rs 11.46 crore in the current fiscal, which was 56.4 per cent more than the Rs 7.33 crore during the corresponding nine month period of FY 2013. For FY 2013, Oye! FM reported Operating Revenue of Rs 9.98 crore.

  • Mirchi reports strong results for Q3-2014

    Mirchi reports strong results for Q3-2014

    BENGALURU:  While announcing the quarterly results for Q2-2014 (last quarter), ENIL’s ED and CEO Prashant Panday had said, “The media sector witnessed a consolidation of sorts in Q2. The bigger brands have done well, while the rest languished, FM radio has again done better than all traditional media, growing at between 10-12 per cent over last year, as has Mirchi”.  

     

    The Bennett, Coleman & Co. Limited promoted Indian private FM player Entertainment Network (India) Limited (ENIL) which operates FM radio broadcasting stations through the brand Radio 

     

    Mirchi in 32 Indian cities announced 37.7 per cent growth in PAT to Rs 25.88 crore in Q3-2014 as compared to Rs 18.79 crore in the corresponding quarter of last year. This quarter’s PAT was 58.1 per cent more than the Rs 16.38 crore in Q2-2014.

     

    Over a nine month period ended 31 December 2013, ENIL reported 45.9 per cent growth in PAT to Rs 62.33 crore in Q3-2014 from Rs 42.71 crore in the corresponding nine month period of last year.  

     

    For FY 2013, ENIL reported PAT of Rs 68.32 crore. Considering the consistent good performance of the company year-on-year and the strong cash position the ENIL board of directors had recommended a maiden dividend of 10 per cent i.e. Re.1/- per equity share of Rs 10/- for FY 2013.

     

    Click here for the complete report

     

    Click here for the financials

     

    Click here for the press release

  • Reliance Media Works announces lower loss in Q3-2014

    Reliance Media Works announces lower loss in Q3-2014

    BENGALURU: Indian media and entertainment giant Reliance Media Works (RMW) announced loss of Rs (-91.11) crore for Q3-2014, which was less than half (46.6 per cent) of the loss of Rs (-195.25) crore in the immediate trailing quarter (Q2-2014). Q3-2014 loss was however 2.13 per cent higher than the Rs (-89.21) crore in Q3-2013.

     

    The company reported (-12.82) per cent drop in operating revenue in Q3-2014 to Rs 111.71 crore from Rs 128.13 crore in Q2-2014 and (-15.17) per cent lower than the Rs 131.68 crore in the corresponding quarter of last year.

     

    Notes: (1) The board of directors of the company in its meeting on 11 August 2013 has extended the financial year of the company to March 2014 which has been accepted by the Registrar of Companies. Accordingly the financial statements of the company will be drawn for 18 month period ended 31 March 2014. Hence the various quarter have been referred to as SQ (September Quarter) and (JQ) June Quarter of the respective calendar year (not financial year, since this has been changed once again by the company).

     

    (2) Notes of the attached financial statement must be read along with this analysis.

     

    (3) RMW’s net worth has eroded, however, having regard to revenue visibility of new businesses in film and media services, improved operational performance of exhibition business, financial support from its promoters, further restructuring exercise being implemented etc., the financial statements have been prepared on the basis that the company is a going concern and that no adjustments are required to the carrying value of assets and liabilities. The auditors of the company had put matter of emphasis on the aforesaid matter in the limited review report for the quarter/fifteen month period ended December 31, 2013 and the same remarks were also included in the Auditors report for the eighteen month period ended September 30, 2012.

     

    Let us look at the other results reported by RMW in Q3-2014

     

    Total revenue in the current quarter at Rs 116.52 crore fell by (-12) per cent from Rs 132.21 crore in the immediate trailing quarter and fell by (-14.27) per cent from Rs 135.91 crore in Q3-2013.

     

    Total expense for Q3-2014 at Rs 143.24 crore was (-11.92) per cent less than the Rs 154.09 crore in Q2-2014 and (-13.55) per cent less than the Rs 165.69 crore during the corresponding quarter of last fiscal.

     

    Two main segments contribute to RMW’s revenue: Film Production Services; and Theatrical Exhibition and Film Production and Services (Theatrical).

     

    Film Production revenue at Rs 15.45 crore was (-19.85) per cent lower than the Rs 19.26 crore during Q2-2014 and (-21.59) per cent lower than the Rs 19.69 crore in Q3-2013. This segment returned negative result of Rs (-9.52) crore which was 27.98 per cent more than the Rs (-7.44) crore in Q2-2014 and (-7.21) per cent lower than the Rs (-10.26) crore in Q3-2013.

     

    RMW’s Theatrical segment also saw a fall in revenues of (-11.46) per cent in Q3-2014 to Rs 100.18 crore from Rs 113.15 crore in Q2-2014 and fell by (-11.89) per cent from Rs 113.70 crore in Q3-2013. This segment returned negative result of Rs (-11.30) crore in Q3-2014 as compared to the Rs (-11.34) crore in Q2-2014 and Rs (-17.72) crore in Q3-2014.

     

    RMW’s finance cost at Rs 64 crore was (-14.39) per cent lower than the Rs 73.21 crore in Q2-2014 and (-3.78) per cent lower than the Rs 66.51 crore in Q3-2013.

     

    Click here for full report

  • Q3-2014: Raj TV reports 43 per cent growth in revenue; 54 per cent growth in PAT

    Q3-2014: Raj TV reports 43 per cent growth in revenue; 54 per cent growth in PAT

    BENGALURU: Raj Television Network (Raj TV) reported 42.75 per cent growth in total revenue to Rs 24.92 crore during Q3-2014 from the Rs 17.46 crore during the corresponding quarter of last fiscal and 35.82 per cent higher than the Rs 18.35 crore for Q2-2014.

     

    The company reported an equally stellar 53.98 per cent growth in PAT during Q3-2014 at Rs 4.99 crore (20.01 per cent of revenue of that quarter) as compared to the Rs 3.24 crore (18.55 per cent of revenue of that quarter) during Q3-2013, and 44.13 per cent more than the Rs 3.46 crore (18.86 per cent of revenue for that quarter) during the immediate trailing quarter.

     

    Let us look at the other results reported by Raj TV during Q3-2014

     

    Raj TV reported total expense at Rs 18.58 crore (74.58 per cent of revenue of that quarter) for Q3-2014 was 38.93 per cent more than the Rs 13.38 crore (76.62 per cent of revenue of that quarter) during Q3-2013 and 42 per cent more than the Rs 13.09 crore (71.33 per cent of revenue of that quarter) during Q2-2014.

     

    The company doesn’t report a breakup of various costs. It is being assumed that costs towards content are included under the heading Cost of Revenues, which is a major cost head. During Q3-2014, Raj TV’s Cost of Revenue at Rs 7.62 crore (41 per cent of total expense during that quarter) was 5.81 per cent higher than the Rs 7.20 crore (53.82 per cent of total expense for that quarter) during Q3-2013 and 47 per cent more than the Rs 5.18 crore (39.6 per cent of total expense for the quarter) during Q2-2014.

     

    Another major chunk of Raj TV’s expense is Employee Benefits. During Q3-2014, the company spent Rs 6.88 crore (37.03 per cent of total expense during that quarter) towards this head, more than double (2.24 times) the Rs 3.07 crore (22.96 per cent of total expense of that quarter) during Q3-2013, and almost double (1.91 times) the Rs 3.60 crore (27.50 per cent of total expense of that quarter) during the immediate trailing quarter.

     

    Administrative Cost at Rs 3.13 crore during Q3-2014 was 46.26 per cent more than the Rs 2.14 crore during Q3-2013 and 2.41 per cent more than the Rs 3.06 crore during Q2-2014.

     

    Finance cost during Q3-2014 was up 46.5 per cent to Rs 1.3878 crore as compared to the Rs 0.9474 crore during Q3-2013 and 42.85 per cent more than the Rs 0.9715 crore in Q2-2014.

     

    Click here for full report