ITV

Tag: Q3 2018

  • Retail, e-com biz eat into NDTV’s TV media profits for Q3

    Retail, e-com biz eat into NDTV’s TV media profits for Q3

    BENGALURU: Prannoy and Radhika Roy-led New Delhi Television Limited (NDTV) reported consolidated operating profits–simple EBITDA including other income–of Rs 1.88 crore (1.6 per cent margin) for the quarter ended 31 December 2017 (Q3 2018, quarter under review). For the corresponding year ago quarter (Q3 2017) and the trailing quarter (Q2 2018), the company had reported consolidated operating losses of Rs 14.90 crore and Rs 9.74 crore respectively.  

    NDTV has two segments–television media and related operations (television); and retail/e-commerce. The company reported operating profit of Rs 7.54 crore for its television segment against revenue of Rs 109.96 crore for the quarter under review. Year-on-year (yoy), Q3 2018 television segment revenue was 7 per cent lower than Rs 118.27 crore for Q3 2017. The company had reported an operating loss for the television segment of Rs 4.29 crore for the corresponding year ago quarter. NDTV reported 18.2 per cent higher yoy operating revenue of Rs 4.55 crore for Q3 2018 as compared to Rs 3.85 crore for Q3 2017 for its digital/e-commerce segment. Digital/e-commerce segment incurred lower operating loss of Rs 9.50 crore in the quarter under review as compared to Rs 15.18 crore in Q3 2017.

    NDTV said in its earnings release for the quarter that the fact that the company is EBITDA positive proves that its turnaround plan is quickly progressing.

    Let us look at the other numbers reported by NDTV

    NDTV reported a 78.5 per cent drop in consolidated revenue for the quarter under review at Rs 112.24 crore as compared to Rs 121.3 crore for Q2 2017. The company reported consolidated net loss of Rs 22.42 crore for Q3 2018 as compared to a net loss of Rs 26.26 crore for Q3 2017.

    Consolidated total expenditure for the quarter declined 16.3 per cent yoy to Rs 123.13 crore from Rs 147.03 crore. Production expenses and cost of services declined 14 per cent yoy to Rs 23.16 crore from Rs 26.93 crore. Employee benefit expenses reduced 20.5 per cent yoy to Rs 49.38 crore from Rs 62.11 crore. Operating and administrative expenses for Q3 2018 declined 16.4 per cent yoy to Rs 24.97 crore from Rs 29.87 crore. Marketing, distribution and promotional expenses declined 7.6 per cent yoy to Rs 16.60 crore from Rs 17.95 crore.

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  • GTPL reports higher numbers for Q3 2018

    GTPL reports higher numbers for Q3 2018

    BENGALURU: Indian multi system operator (MSO) and broadband internet services (broadband) provider GTPL Hathway Limited (GTPL) has reported a year-on-year (yoy) growth in standalone as well subsidiary companies revenues, operating profits and net profits for the quarter ended 31 December 2017 (Q3 2018, quarter, quarter under review). GTPL’s broadband internet business – GTPL Broadband is a 100 per cent subsidiary of GTPL. The company owns a 51 percent stake in GTPL Kolkata Cable & Broadband Pariseva Limited (KCBPL).

    GTPL standalone

    On a standalone basis, GTPL reported 22.7 per cent yoy growth in total revenue for Q3 2018 to Rs 195.50 crore from Rs 159.28 crore. EBITDA including other income in the current quarter was 46.5 per cent higher yoy at Rs 63.44 crore (32.4 per cent margin) as compared to Rs 43.31 crore (27.2 per cent margin). Net profit after tax more than quintupled (5.7 times) yoy in Q3 2018 to Rs 23.74 crore (12.1 per cent margin) from Rs 4.16 crore (2.6 per cent margin).

    The company reported 28.8 percent yoy growth in subscription revenue for Q3 2018 at Rs 106.3 crore from Rs 82.5 crore. Placement revenue increased 12.2 per cent yoy in the quarter to Rs 58.7 crore from Rs 52.3 crore. Activation revenue increased 20.8 per cent yoy in Q3 2018 to Rs 18 crore from Rs 14.9 crore.

    GTPL says that it has seeded 1.80 lakh  (1 crore = 10 crore = 100 lakh) set top boxes and increased CATV digital active subscribers by 1.40 lakh in the current quarter. It says that CATV digital paying subscribers increased by 1.10 lakh to 84.6 lakh in Q3 2018 as compared to 82.8 lakh subscribers in the immediate trailing quarter Q2 2018.

    The phase-wise breakup of GTPL’s digital paying subscribers is 5.6 lakh, 16.6 lakh, 20.4 lakh and 24.9 lakh for DAS phases I, II, III and IV respectively. Average revenue per user (ARPU) in Q3 2018 with respect to Q2 2018 has increased by Rs 2 to Rs 51 and by Rs 3 to Rs 61 in phases IV and III respectively; has remained stable at Rs 101 and Rs 96 for DAS phases I and II respectively.

    GTPL Broadband

    The company says that GTPL Broadband’s total income in Q3 2018 increased 7 per cent yoy to Rs 34.2 crore from Rs 32 crore. EBITDA grew 31 per cent yoy to Rs 10.1 crore from Rs 7.7 crore. PAT increased 9 per cent yoy to Rs 3.9 crore in the current quarter from Rs 3.6 crore.

    The company claims that GTPL Broadband has added 12,000 broadband internet subscribers in Q3 2018 as compared to 10,000 in Q2 2018. Its broadband internet subscriber base at the end of Q3 2018 was 2.72 lakh. Broadband internet ARPU in the quarter remained steady at Rs 487 as compared to Q2 2018 and increased from Rs 472 in Q2 2017.

    GTPL Kolkata Cable & Broadband Pariseva Limited (KCBPL)

    KCBPL’s total income grew 61 per cent yoy to Rs 44.7 crore from Rs 27.8 crore. Subscription CATV revenue increased 69 per cent yoy to Rs 30.3 crore in Q3 2018 from Rs 17.9 crore. Placement revenue in the current quarter grew 12 percent yoy to Rs 7.7 crore from Rs 6.9 crore. Activation revenue in Q3 2018 almost tripled (2.93 times) yoy to Rs 4.7 crore from Rs 1.6 crore.

    KCBPL’s EBITDA grew 7.17 times yoy in Q3 2018 to Rs 16 crore from Rs 2.2 crore. The company reported PAT of Rs 2.2 crore in Q3 2018.

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  • TV Today Network reports higher numbers for Q3 2018

    TV Today Network reports higher numbers for Q3 2018

    BENGALURU: TV Today Network Limited (TVTN) reported 23.2 per cent y-o-y increase in standalone revenue from operations in the quarter ended 31 December 2017 (Q3 2018, quarter under review) to Rs 173.59 crore as compared to Rs 140.88 crore in Q3 2017. Profit after tax (PAT) for Q3-2018 increased 35.8 per cent y-o-y to Rs 35.73 crore (20.6 per cent margin) as compared to Rs 26.32 crore (18.7 per cent margin).

    EBITDA calculated for Q3-2018 at Rs 57.16 crore (32.9 per cent margin) increased 36.5 per cent y-o-y as compared to Rs 41.88 crore (29.7 per cent margin).

    Segment revenue

    TVTN’s Television Broadcasting segment (TV segment) reported a 22.6 per cent y-o-y increase in operating revenue in Q3-2018 at Rs 167.03 crore as compared to Rs 136.26 crore. Operating profit from the segment in the quarter under review increased 35.9 per cent y-o-y to Rs 56.19 crore as compared to Rs 41.35 crore.

    The company’s radio segment reported more than 2.25 times operating revenue at Rs 6.56 crore as compared to Rs 2.62 crore in Q2 2018. The segment’s operating loss in the current quarter was higher at Rs 5.84 crore as compared to the operating loss of Rs 5.67 crore in Q3-2017.

    Let us look at the other numbers reported by TV Today

    Total expenditure in Q3-2018 at Rs 124.54 crore was 17.4 per cent higher y-o-y as compared to Rs 106.60 crore. Production cost in Q3-2018 increased 4.9 per cent y-o-y to Rs 15.76 crore as compared to Rs 15.02 crore.

    Employee benefit expense in the quarter under review at Rs 43.82 crore (24.9 per cent of TIO) was 20.1 per cent higher y-o-y as compared to Rs 36.49 crore.

    Other expenses in Q3-2018 at Rs 56.85 crore were 19.7 per cent higher y-o-y as compared to Rs 47.49 crore.

    Also Read :

    TV Today numbers up

    India Today Group CEO Ashish Bagga resigns