ITV

Tag: Q3 FY20

  • Zeel plans to regain top spot in Hindi, Marathi, Telugu markets in 2020

    Zeel plans to regain top spot in Hindi, Marathi, Telugu markets in 2020

    MUMBAI: Zee Entertainment Enterprises Ltd (Zeel) is upping the ante on its GEC portfolio. Zee TV, Zee Marathi and Zee Telugu will witness a lot of content changes this year to gain back their leading positions in the respective markets.

    Zee Telugu will be launching a new fiction show Prema Entha Madhuram on 10 February and two more shows- Trinayani and Thoorpu Padamara will launch soon.

    In the past three to four quarters, there has been a dip in the market share of Zee’s Hindi GEC. In an earnings concall, Zeel CEO Punit Goenka said, “We continuously want to look at our content portfolio of the channels and improve on that so that the market shares can be gained back."

    He further added, “So all these channels where we lost market share, we will be replacing most of the shows, therefore trying to gain back the leadership position. In fact, I am told that Zee Telugu has already gained back or started the trajectory towards upward movement and should be on track within the first quarter of next fiscal.”

    During 3QFY20, ZEEL’s television network had an all-India viewership share of 18.2 per cent. While its regional portfolio increased viewership share, that of its Hindi market declined, in both GEC and movie segments.

    “Zee TV maintained its weekday prime time leadership, but lost weekend prime time share and was the #3 channel in the pay Hindi GEC segment. Our Hindi movie cluster continued to be the #1 movie portfolio in the pay Hindi movie genre,” said Goenka.

    In Q3 FY20 Zeel’s regional portfolio had mixed performance. He also said, “We maintained a leadership position in the Marathi, Bangla and Kannada markets, with Zee Kannada further strengthening its leadership position. While Zee Tamil improved its viewership share, Zee Telugu witnessed a marginal decline. Zee Keralam continued to gain share in the Malayalam market establishing itself as a strong contender for the number two position. Zee Sarthak regained leadership in the Odiya market towards the end of the quarter.”

    For the third quarter of FY20, ZEEL reported consolidated revenue of Rs 2048.7 crore. EBITDA was Rs 565.8 crore with an EBITDA margin of 27.6 per cent. During the quarter, ZEEL's international business revenue was Rs 166.5 crore. The advertising and subscription revenues declined by 18.6 per cent YoY and 17.4 per cent YoY, respectively.

  • PVR declares FY20 Q3 results, witnesses growth of 8%

    PVR declares FY20 Q3 results, witnesses growth of 8%

    MUMBAI: PVR Ltd today announced its unaudited standalone and consolidated financial results for the quarter ended 31 December 2019.

    Consolidated revenues for the quarter ended December 2019 were Rs 924 crore as compared to Rs 857 crore during the corresponding period of last year, witnessing a growth of 8 per cent. Consolidated EBITDA for the quarter was Rs 315 crores as against Rs 179 crore in the same period last year, witnessing a growth of 77 per cent. EBITDA margin for the quarter was 34.1 per cent. Consolidated PAT for the quarter was Rs 36 crore as compared to Rs 55 crore during the corresponding period of last year. After adjusting for the impact of Ind-AS 116 – Leases, EBITDA, and PAT of the company would have been Rs 188 crore and Rs 59 crore respectively. This would represent EBITDA and PAT growth of 5 per cent and 7 per cent respectively.

     The overall EBITDA margins of the company were 20.4 per cent (after excluding IND-AS 116 impact). The box office revenues for the quarter were up by 6 per cent from Rs 425 crore to Rs 453 crore. F&B revenues were up by 13 per cent from Rs 217 crore to Rs 244 crores supported by robust growth in average F&B spend per person of 12 per cent. Advertising revenues grew from Rs 112 crore to Rs 122 crore, up by 8  per cent in spite of challenging business environment on media spends by companies. The company has aggressively expanded its screen portfolio in the current financial year by adding 67 new screens across 11 properties and now operates a network of 825 screens spread over 173 properties in 71 cities across the country.

    Commenting on the results and performance, PVR Ltd chairman and managing director Ajay Bijli said, “The operating and financial performance of the business for Q3has been robust amidst difficult macro-economic conditions. The box office performance has been satisfactory with strong performance from Bollywood and Hollywood film industry. The performance of the regional film industry, specifically Tamil and Telugu, however, has been below par in the current quarter resulting in muted growth in our overall box office performance. This truly reflects the strength of our business model and our strategy for a wide geographical distribution of our cinema footprint where we have reduced our dependence on any one film industry or region. Our operating performance on all other parameters remains strong and we continue to innovate and identify areas where we can serve our customers better. Our screen opening outlook remain strong and we are on track to open 90-100 new screens in the current financial year.”

  • TV18 net profit up by 40% in Q3 FY 20

    TV18 net profit up by 40% in Q3 FY 20

    MUMBAI: TV18 Broadcast has reported a 40 percent year-on-year (YoY) growth in its consolidated net profit at Rs 205.16 crore for Q3 FY19 from Rs 146.96 crore in the previous year.

    Its consolidated operating revenue stood at Rs 1,425 crore in Q3 FY20 against Rs 1,275 in Q3 FY19. TV18 chairman Adil Zainulbhai said, “Our emphasis on delivering value to the consumer, expanding the partner ecosystem and raising profitability were the primary milestones during the past quarter.”

    He further said, “Amidst a difficult ad-environment and continued regulatory flux, the rise in rankings for flagship channels is a positive indicator for the future. We are constantly adjusting our programming and business model for the continual technology, consumer and regulatory changes in the business.”

    The company continues to benefit from linear TV subscription benefits by witnessing 40 per cent YoY revenue growth in Q3. “Implementation of the NTO (New Tariff Order) has created a transparent and non-discriminatory B2C regime, which continues to boost our TV subscription revenue. Improved distribution tie-ups across cable and telcos have brought the consumer closer to our class-leading content bouquet at an affordable optimum price,” it said in its financial release.

    In line with its strategy of being platform agnostic, the group stitched multiple partnerships with notable digital platforms for serving their users a discerning selection of our content.

    “The prevalent weakness in macro-environment and sluggish spending appetite by advertisers continued to drag ad-revenue down YoY for both news and entertainment. Shift of channels from DD Freedish to pay ecosystem continues to impact Hindi GEC ad-revenues for all the top broadcasters. Government initiatives to boost growth and a natural refresh-and-recalibration of ad-budgets should revive ad-growth as we head towards the new fiscal,” the company said.

    It further informed, “Kids edutainment product Voot Kids progressed to a commercial launch with promotional plans. Voot’s freemium version with offerings like digital-exclusive and digital-first broadcast content as well as original content behind a pay-wall is slated to be launched soon.”

    TV18’s Q3 average viewership share in news was 10.2 per cent, down from 10.9 per cent in Q2.