ITV

Tag: Q3-2016

  • Q3-2016: Raj TV numbers down

    Q3-2016: Raj TV numbers down

    BENGALURU: South Indian television network Raj TV Limited (Raj TV) reported 20 per cent lower YoY total net income from operations (TIO) for the quarter ended 31 December, 2015 (Q3-2016, current quarter) at Rs 16.26 crore as compared to Rs 20.32 crore and 8.3 per cent lower QoQ than Rs 17.73 crore. The company’s profit after tax (PAT) in the current quarter was a little more than a third (down 62.7 per cent) YoY at Rs 0.78 crore (PAT margin 4.8 per cent) as compared to Rs 2.09 crore (PAT margin 10.3 per cent), but tripled QoQ  as compared to Rs 0.26 crore (PAT margin 1.4 per cent).

     

    Raj TV’s EBIDTA in Q3-2016 was almost half (down 47.1 per cent) QoQ at Rs 3.95 crore (margin 24.3 per cent)  as compared to Rs 7.49 crore (36.9 per cent margin), but 1.8 per cent more QoQ than the Rs 3.88 crore (21.9 per cent margin).

     

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

     

    The company’s Total Expenditure (TE) in Q3-2016 at Rs 13.92 crore (85.6 per cent of TIO) was 24.1 per cent lower QoQ as compared to Rs 18/34 crore (59.6 per cent of TIO) and was 10 per cent lower QoQ as compared to Rs 15.46 crore (87.2 per cent of TIO) in the immediate trailing quarter.

     

    Raj TV’s cost of revenues in Q3-2016 increased 20 per cent QoQ to Rs 5.36 crore (33 per cent of TIO) as compared to Rs 4.46 crore (22 per cent of TIO) but declined 15.3 per cent QoQ as compared to Rs 6.33 crore (35.7 per cent of TIO) in Q2-2016.

     

    The company’s administrative expense in Q3-2016 declined 6.2 per cent to Rs 2.14 crore (13.1 per cent of TIO) as compared to Rs 2.28 crore (11.2 per cent margin) and was 4.4 per cent lower QoQ as compared to Rs 2.23 crore (12.6 per cent of TIO).

     

    Raj TV’s employee benefit expense (EBE) in Q3-2016 at Rs 5.68 crore (34.9 per cent of TIO) was 6.7 per cent lower YoY as compare to Rs 6.09 crore (30 per cent  of TIO) but was 7.8 per cent higher QoQ as compared to Rs 5.29 crore (29.8 per cent of TI).

  • Q3-2016: Raj TV numbers down

    Q3-2016: Raj TV numbers down

    BENGALURU: South Indian television network Raj TV Limited (Raj TV) reported 20 per cent lower YoY total net income from operations (TIO) for the quarter ended 31 December, 2015 (Q3-2016, current quarter) at Rs 16.26 crore as compared to Rs 20.32 crore and 8.3 per cent lower QoQ than Rs 17.73 crore. The company’s profit after tax (PAT) in the current quarter was a little more than a third (down 62.7 per cent) YoY at Rs 0.78 crore (PAT margin 4.8 per cent) as compared to Rs 2.09 crore (PAT margin 10.3 per cent), but tripled QoQ  as compared to Rs 0.26 crore (PAT margin 1.4 per cent).

     

    Raj TV’s EBIDTA in Q3-2016 was almost half (down 47.1 per cent) QoQ at Rs 3.95 crore (margin 24.3 per cent)  as compared to Rs 7.49 crore (36.9 per cent margin), but 1.8 per cent more QoQ than the Rs 3.88 crore (21.9 per cent margin).

     

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

     

    The company’s Total Expenditure (TE) in Q3-2016 at Rs 13.92 crore (85.6 per cent of TIO) was 24.1 per cent lower QoQ as compared to Rs 18/34 crore (59.6 per cent of TIO) and was 10 per cent lower QoQ as compared to Rs 15.46 crore (87.2 per cent of TIO) in the immediate trailing quarter.

     

    Raj TV’s cost of revenues in Q3-2016 increased 20 per cent QoQ to Rs 5.36 crore (33 per cent of TIO) as compared to Rs 4.46 crore (22 per cent of TIO) but declined 15.3 per cent QoQ as compared to Rs 6.33 crore (35.7 per cent of TIO) in Q2-2016.

     

    The company’s administrative expense in Q3-2016 declined 6.2 per cent to Rs 2.14 crore (13.1 per cent of TIO) as compared to Rs 2.28 crore (11.2 per cent margin) and was 4.4 per cent lower QoQ as compared to Rs 2.23 crore (12.6 per cent of TIO).

     

    Raj TV’s employee benefit expense (EBE) in Q3-2016 at Rs 5.68 crore (34.9 per cent of TIO) was 6.7 per cent lower YoY as compare to Rs 6.09 crore (30 per cent  of TIO) but was 7.8 per cent higher QoQ as compared to Rs 5.29 crore (29.8 per cent of TI).

  • Q3-2016: Siti Cable turnaround; Reports Rs 56 crore profit; operating revenue up 67%

    Q3-2016: Siti Cable turnaround; Reports Rs 56 crore profit; operating revenue up 67%

    BENGALURU: Last year, the DTH industry, led by the Essel Group’s Dish TV reported profits, and the trend has continued so far over the next two quarters. For the quarter ended 31 December, 2015 (Q3-2016, current quarter), it is another Essel group company, from the carriage industry – Siti Cable Network Limited (Siti Cable) that has reported a profit after tax (PAT) of Rs 56 crore (1.5 per cent margin on operating revenue or OPREV) as compared to a loss of Rs 18.5 crore in the corresponding year ago quarter and a loss of Rs 19.4 crore in the immediate trailing quarter. The growth essentially has been driven by higher activation revenue in the current quarter due to the 15 lakh subscribers added in Q3-2016.

     

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

     

     

    EBIDTA in the current quarter more than doubled (up 2.6 times) YoY at Rs 129.9 crore as compared to Rs 50.1 crore and also more than doubled QoQ (up 2.5 times) from Rs 51.5 crore.

     

    Over the nine month period ended 31 December, 2015 (9M-2016), the company reported a PAT of Rs 0.9 crore as compared to a loss of Rs 56.6 crore during the corresponding year ago nine-month period. The company reported an EBIDTA of Rs 220 crore in 9M-2016 as compared to an EBIDTA of Rs 136.3 crore in 9M-2015.

     

    So has the cable industry in India with Siti Cable results as a harbinger of profits, turned the corner, and could start reporting profits from now on, or is this a one off good result? Only time will tell.

     

    Siti Cable reported a 66.9 per cent YoY OPREV growth in the current quarter at Rs 369.9 crore as compared to Rs 221.6 crore and a 57.9 per cent QoQ growth as compared to Rs 234.2 crore. For 9M-2016, Siti Cable reported 26.7 per cent YoY OPREV growth at Rs 832.3 crore as compared to Rs 649.9 crore.

     

    Siti Cable executive director & CEO V D Wadhwa said, “Focussing on our guiding principle of creating value for all stakeholders, the company has achieved the financial turnaround for the first time in the history of the company and reported PBT of Rs 56 crore in Q3-FY16 and Rs 5.1 crore for the nine months of FY16. At Siti Cable, our efforts to strive for operational excellence continue and during the quarter the company has added 1.1 million digital subscribers, over 10,000 broadband customers and achieved all-time high EBITDA growth of 159 percent YoY. We expect this momentum to sustain in the coming quarters. We are also aggressively looking for inorganic growth opportunities in the geographies, which make strategic sense for us to expand and have acquired some networks in the western part of the country which shall add additional 1.5 million subscribers to our existing subscriber base of 10.7 million. We strongly believe in cohesiveness among like-minded players and are actively engaged in our efforts as a consolidator in the industry.”

     

    Revenue streams

     

    The company reports four revenue streams: Subscription, Carriage, Activation and Broadband. Revenue from all the streams grew, with activation showing the highest YoY and QoQ growth. Subscription revenue in the current quarter increased 7.4 per cent YoY at Rs 145.8 crore (39.8 per cent of OPREV) as compared to Rs 135.7 crore (61.2 per cent of OPREV) and grew 5.3 percent QoQ from Rs 138.5 crore (58 per cent of OPREV). 

     

    Carriage revenue in the current quarter grew 9.8 per cent YoY to Rs 60.5 crore (16.4 per cent of OPREV) as compared to Rs 55.1 crore (24.9 per cent of OPREV) and was almost flat (grew 0.3 per cent) QoQ as compared to Rs 60.3 crore (25.7 per cent).

     

    Activation revenue in the current quarter was almost eight times (grew 7.7 times) YoY at Rs 105 crore (28.4 per cent of OPREV) as compared to Rs 13.6 crore (6.1 per cent of OPREV) and grew by more than five times (5.4 times) QoQ as compared to Rs 19.4 crore (8.8 per cent of OPREV).

     

    Broadband revenue in the current quarter almost doubled (grew 99 per cent) at Rs 13.9 crore (3.8 per cent of OPREV) as compared to Rs 7 crore (3.2 per cent of OPREV) in Q3-2015 and increased 49.5 per cent QoQ as compared to Rs 9.3 crore (4 per cent of OPREV).

     

    Subscription numbers

     

    The company has added 15 lakh cable subscribers in the current quarter to reach a subscription base of 122 lakh from 107 lakh in the immediate trailing quarter. Digital subscribers increased by 10 lakh to 68 lakh from 58 lakh. The company says that it has added 11 lakh digital subscribers in the current quarter as compared to 3.3 lakh added in Q2-2016. HD subscribers in Q3-2016 have gone up to 35,372 from 25,000 in Q2-2016. Broadband subscribers in the current quarter increased 17 per cent to 1,07,000 from 91,450 in Q2-2016.

     

     

  • Q3-2016: Siti Cable turnaround; Reports Rs 56 crore profit; operating revenue up 67%

    Q3-2016: Siti Cable turnaround; Reports Rs 56 crore profit; operating revenue up 67%

    BENGALURU: Last year, the DTH industry, led by the Essel Group’s Dish TV reported profits, and the trend has continued so far over the next two quarters. For the quarter ended 31 December, 2015 (Q3-2016, current quarter), it is another Essel group company, from the carriage industry – Siti Cable Network Limited (Siti Cable) that has reported a profit after tax (PAT) of Rs 56 crore (1.5 per cent margin on operating revenue or OPREV) as compared to a loss of Rs 18.5 crore in the corresponding year ago quarter and a loss of Rs 19.4 crore in the immediate trailing quarter. The growth essentially has been driven by higher activation revenue in the current quarter due to the 15 lakh subscribers added in Q3-2016.

     

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

     

     

    EBIDTA in the current quarter more than doubled (up 2.6 times) YoY at Rs 129.9 crore as compared to Rs 50.1 crore and also more than doubled QoQ (up 2.5 times) from Rs 51.5 crore.

     

    Over the nine month period ended 31 December, 2015 (9M-2016), the company reported a PAT of Rs 0.9 crore as compared to a loss of Rs 56.6 crore during the corresponding year ago nine-month period. The company reported an EBIDTA of Rs 220 crore in 9M-2016 as compared to an EBIDTA of Rs 136.3 crore in 9M-2015.

     

    So has the cable industry in India with Siti Cable results as a harbinger of profits, turned the corner, and could start reporting profits from now on, or is this a one off good result? Only time will tell.

     

    Siti Cable reported a 66.9 per cent YoY OPREV growth in the current quarter at Rs 369.9 crore as compared to Rs 221.6 crore and a 57.9 per cent QoQ growth as compared to Rs 234.2 crore. For 9M-2016, Siti Cable reported 26.7 per cent YoY OPREV growth at Rs 832.3 crore as compared to Rs 649.9 crore.

     

    Siti Cable executive director & CEO V D Wadhwa said, “Focussing on our guiding principle of creating value for all stakeholders, the company has achieved the financial turnaround for the first time in the history of the company and reported PBT of Rs 56 crore in Q3-FY16 and Rs 5.1 crore for the nine months of FY16. At Siti Cable, our efforts to strive for operational excellence continue and during the quarter the company has added 1.1 million digital subscribers, over 10,000 broadband customers and achieved all-time high EBITDA growth of 159 percent YoY. We expect this momentum to sustain in the coming quarters. We are also aggressively looking for inorganic growth opportunities in the geographies, which make strategic sense for us to expand and have acquired some networks in the western part of the country which shall add additional 1.5 million subscribers to our existing subscriber base of 10.7 million. We strongly believe in cohesiveness among like-minded players and are actively engaged in our efforts as a consolidator in the industry.”

     

    Revenue streams

     

    The company reports four revenue streams: Subscription, Carriage, Activation and Broadband. Revenue from all the streams grew, with activation showing the highest YoY and QoQ growth. Subscription revenue in the current quarter increased 7.4 per cent YoY at Rs 145.8 crore (39.8 per cent of OPREV) as compared to Rs 135.7 crore (61.2 per cent of OPREV) and grew 5.3 percent QoQ from Rs 138.5 crore (58 per cent of OPREV). 

     

    Carriage revenue in the current quarter grew 9.8 per cent YoY to Rs 60.5 crore (16.4 per cent of OPREV) as compared to Rs 55.1 crore (24.9 per cent of OPREV) and was almost flat (grew 0.3 per cent) QoQ as compared to Rs 60.3 crore (25.7 per cent).

     

    Activation revenue in the current quarter was almost eight times (grew 7.7 times) YoY at Rs 105 crore (28.4 per cent of OPREV) as compared to Rs 13.6 crore (6.1 per cent of OPREV) and grew by more than five times (5.4 times) QoQ as compared to Rs 19.4 crore (8.8 per cent of OPREV).

     

    Broadband revenue in the current quarter almost doubled (grew 99 per cent) at Rs 13.9 crore (3.8 per cent of OPREV) as compared to Rs 7 crore (3.2 per cent of OPREV) in Q3-2015 and increased 49.5 per cent QoQ as compared to Rs 9.3 crore (4 per cent of OPREV).

     

    Subscription numbers

     

    The company has added 15 lakh cable subscribers in the current quarter to reach a subscription base of 122 lakh from 107 lakh in the immediate trailing quarter. Digital subscribers increased by 10 lakh to 68 lakh from 58 lakh. The company says that it has added 11 lakh digital subscribers in the current quarter as compared to 3.3 lakh added in Q2-2016. HD subscribers in Q3-2016 have gone up to 35,372 from 25,000 in Q2-2016. Broadband subscribers in the current quarter increased 17 per cent to 1,07,000 from 91,450 in Q2-2016.

     

     

  • Q3-2016: Zee Media reports 3.3% revenue growth; print reports operating profit

    Q3-2016: Zee Media reports 3.3% revenue growth; print reports operating profit

    BENGALURU: Zee Media Corporation Limited (ZMCL) reported 3.3 per cent YoY growth in Total Income from Operations (TIO) to Rs 144.46 crore in the quarter ended 31 December, 2015 (Q3-2016, current quarter) as compared to the Rs 131.12 crore in Q3-2015. TIO in the current quarter was 6.1 per cent lower than the Rs 139.84 crore in Q3-2015. The company’s print segment reported an operating profit of Rs 0.98 crore as compared to an operating loss of Rs 3.29 crore in the corresponding year ago quarter.

     

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

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

     

    Consequently, ZMCL’s EBIDTA in the current quarter increased 24.9 per cent to Rs 20.97 crore as compared to Rs 16.79 crore in Q3-2015. ZMCL’s Television segment EBIDTA for the current quarter however was flat at Rs 19.99 crore as compared to the Rs 20.08 crore in Q3-2015. ZMCL’s EBIDTA in the immediate trailing quarter was much lower at Rs 6.71 crore.

     

    The company reported a lower loss of Rs 1.11 crore as compared to a loss of Rs 10.41 crore in Q3-2015 and a loss of Rs 16.98 crore in the immediate trailing quarter.

     

    The company’s advertising revenue in the current quarter also increased 3.3 per cent YoY to Rs 103.46 crore as compared to Rs 100.13 crore and increased 14.1 per cent QoQ from Rs 90.69 crore. Subscription revenue in Q3-2016 increased one per cent YoY to Rs 30.64 crore from Rs 30.33 and increased 12.5 per cent QoQ from Rs 27.24 crore.

     

    ZMCL’s Television segment reported 6.5 per cent YoY growth in revenue in Q3-2016 to Rs 116.42 crore from Rs 109.32 crore and 16.1 per cent QoQ growth from Rs 100.30 crore. Print segment declined 8.2 per cent YoY in the current quarter to Rs 28.04 crore from Rs 30.55 crore and increased 4.8 per cent QoQ from Rs 26.75 crore.

     

    The company has controlled its total expenditure in Q3-2015, which was almost flat (up by 0.3 per cent) YoY at Rs 123.49 crore as compared to Rs 123.08 crore and was 2.6 per cent more QoQ as compared to Rs 120.33 crore.

     

    Cost of goods and operations in the current quarter declined 7.9 per cent YoY to Rs 32.50 crore as compared to Rs 35.29 crore  and was 3.4 per cent lower QoQ than 33.64 crore. Employee Cost in the current quarter declined 4.1 per cent to Rs 38.15 crore from Rs 39.76 crore and was 1.1 per cent lower QoQ than the Rs 38.60 crore in the immediate trailing quarter.

     

    ZMCL group CEO – news cluster Bhaskar Das said, “With the country emerging as a star performer, media and entertainment industry is also hopeful of riding the growth wave. A double-digit upward swing in ad spends, as per early estimates this year, bodes well for ZMCL, especially when the corporation is charting a clutter bursting path to set itself apart from the commoditised content ecosystem. Our path breaking content propositions, which are finding expression in our evolved programming across channels, are bound to create an unmatched viewer vibrancy that will surely interest the ad vibrant sectors. At ZMCL, we have been quick to adapt to current global trends and tap newer and disruptive opportunities of growth anytime anywhere. A step in this direction is our focus on native communication that has helped us defy industry gravity and diversify our revenue risk. I am hopeful that we will continue to find new avenues of growth and sustain the competitive advantage that we have built over years.”

     

    ZMCL COO Rajendra Kumar Arora added, “ZMCL is an industry pioneer having perfected the art of driving operational efficiencies. It has been our constant endeavour to define and follow processes. As the industry slowly realises the relevance of technology in driving down costs, we at ZMCL have been at the forefront of using cutting-edge technology as an enabler in optimising expenditure. While we are innovatively experimenting with content and investing in it to generate impact, we are confident of maintaining a robust bottomline as we go ahead. The fact that we have been able to garner more

    eyeballs will, in near future, also provide an impetus to topline. Our improved EBITDA margins point to synergy in operations.”

  • Q3-2016: Zee Media reports 3.3% revenue growth; print reports operating profit

    Q3-2016: Zee Media reports 3.3% revenue growth; print reports operating profit

    BENGALURU: Zee Media Corporation Limited (ZMCL) reported 3.3 per cent YoY growth in Total Income from Operations (TIO) to Rs 144.46 crore in the quarter ended 31 December, 2015 (Q3-2016, current quarter) as compared to the Rs 131.12 crore in Q3-2015. TIO in the current quarter was 6.1 per cent lower than the Rs 139.84 crore in Q3-2015. The company’s print segment reported an operating profit of Rs 0.98 crore as compared to an operating loss of Rs 3.29 crore in the corresponding year ago quarter.

     

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

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

     

    Consequently, ZMCL’s EBIDTA in the current quarter increased 24.9 per cent to Rs 20.97 crore as compared to Rs 16.79 crore in Q3-2015. ZMCL’s Television segment EBIDTA for the current quarter however was flat at Rs 19.99 crore as compared to the Rs 20.08 crore in Q3-2015. ZMCL’s EBIDTA in the immediate trailing quarter was much lower at Rs 6.71 crore.

     

    The company reported a lower loss of Rs 1.11 crore as compared to a loss of Rs 10.41 crore in Q3-2015 and a loss of Rs 16.98 crore in the immediate trailing quarter.

     

    The company’s advertising revenue in the current quarter also increased 3.3 per cent YoY to Rs 103.46 crore as compared to Rs 100.13 crore and increased 14.1 per cent QoQ from Rs 90.69 crore. Subscription revenue in Q3-2016 increased one per cent YoY to Rs 30.64 crore from Rs 30.33 and increased 12.5 per cent QoQ from Rs 27.24 crore.

     

    ZMCL’s Television segment reported 6.5 per cent YoY growth in revenue in Q3-2016 to Rs 116.42 crore from Rs 109.32 crore and 16.1 per cent QoQ growth from Rs 100.30 crore. Print segment declined 8.2 per cent YoY in the current quarter to Rs 28.04 crore from Rs 30.55 crore and increased 4.8 per cent QoQ from Rs 26.75 crore.

     

    The company has controlled its total expenditure in Q3-2015, which was almost flat (up by 0.3 per cent) YoY at Rs 123.49 crore as compared to Rs 123.08 crore and was 2.6 per cent more QoQ as compared to Rs 120.33 crore.

     

    Cost of goods and operations in the current quarter declined 7.9 per cent YoY to Rs 32.50 crore as compared to Rs 35.29 crore  and was 3.4 per cent lower QoQ than 33.64 crore. Employee Cost in the current quarter declined 4.1 per cent to Rs 38.15 crore from Rs 39.76 crore and was 1.1 per cent lower QoQ than the Rs 38.60 crore in the immediate trailing quarter.

     

    ZMCL group CEO – news cluster Bhaskar Das said, “With the country emerging as a star performer, media and entertainment industry is also hopeful of riding the growth wave. A double-digit upward swing in ad spends, as per early estimates this year, bodes well for ZMCL, especially when the corporation is charting a clutter bursting path to set itself apart from the commoditised content ecosystem. Our path breaking content propositions, which are finding expression in our evolved programming across channels, are bound to create an unmatched viewer vibrancy that will surely interest the ad vibrant sectors. At ZMCL, we have been quick to adapt to current global trends and tap newer and disruptive opportunities of growth anytime anywhere. A step in this direction is our focus on native communication that has helped us defy industry gravity and diversify our revenue risk. I am hopeful that we will continue to find new avenues of growth and sustain the competitive advantage that we have built over years.”

     

    ZMCL COO Rajendra Kumar Arora added, “ZMCL is an industry pioneer having perfected the art of driving operational efficiencies. It has been our constant endeavour to define and follow processes. As the industry slowly realises the relevance of technology in driving down costs, we at ZMCL have been at the forefront of using cutting-edge technology as an enabler in optimising expenditure. While we are innovatively experimenting with content and investing in it to generate impact, we are confident of maintaining a robust bottomline as we go ahead. The fact that we have been able to garner more

    eyeballs will, in near future, also provide an impetus to topline. Our improved EBITDA margins point to synergy in operations.”