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Tag: Q3

  • Q3: Christmas, New Year delays invoicing at DQ Entertainment

    Q3: Christmas, New Year delays invoicing at DQ Entertainment

    BENGALURU: Christmas and New Year holidays resulted in invoicing delays and hence lower revenue for the Tapas Chakravarti-led DQ Entertainment (International) Ltd, (DQE). The company says that though deliveries for some products had been completed before December 31, 2013, approvals from its customers were delayed on account of the holidays, hence invoices have been raised in the fourth quarter. 

     

    The company reported consolidated revenue of Rs 50.85 crore for Q3-2014, 11.5 per cent more than the Rs 45.59 crore in Q3-2013 and 10.1 per cent lower than Rs 56.58 crore in Q2-2014.YTD, revenue in 9M-2014 was down 2.1 per cent to Rs 137.85 crore in Q3-2014 from Rs 140.86 crore in 9M-2013. For FY 2013, DQE reported revenue of Rs 229.05 crore. 

     

    DQE reported loss of Rs 1.24 crore in Q3-2014, against a profit of Rs 8.92 crore in Q3-2013 and a profit of Rs 22.72 crore in Q2-2014. YTD, for the nine month period ended December 31, 2013, DQE reported PAT of Rs 28.11 crore which was a little more than the double the Rs 14.01 crore in 9M-2013. For FY 2013, DQE’s PAT was Rs 37.31 crore. 

     

    Let us look at the other Q3-2014 numbers reported for Q3-2014

     

    Total expense (excluding finance cost) at Rs 38.59 crore in Q3-2014 was 27.7 per cent more than the Rs 27.39 crore in Q3-2013 and 40.9 per cent more than the Rs 26.04 crore in Q2-2014. YTD, Total expense fell 22.5 per cent to Rs 84.89 crore from Rs 109.57 crore in 9M-2013. For FY 2013 Total expense was Rs 168.83 crore.

     

    The company’s finance cost in Q3-2014 went up by 36.3 per cent to Rs 7.18 crore from Rs 5.27 crore in Q3-2013 and went up by 13.9 per cent from Rs 6.30 crore in Q2-2014. Finance Cost on a YTD basis was up 24.4 per cent to Rs 18.5 crore in Q3-2014 from Rs 14.87 crore in 9M-2013. For FY 2013, DQE paid Rs 20.94 crore towards Finance Cost. 

     

    The company’s Employee expense in Q3-2014 at Rs 18.64 crore was (12.9) per cent lower than the Rs 21.41 crore in Q3-2013 and 14.0 per cent lower than the Rs 19.74 crore in Q2-2014. In 9M-2014, Employee expense was 12.8 per cent down to Rs 58.61 crore from Rs 67.21 crore in 9M-2013. For FY 2013, Employee expense was Rs 87.58 crore. 

     

    Its other expense was up 26.9 per cent in Q3-2014 to Rs 8.26 crore from Rs 6.51 crore in Q3-2013 and was lower by 30.2 per cent from the Rs 11.83 crore in Q2-2014. Other expense was up 50.5 per cent to Rs 26.43 crore in 9M-2014 from Rs 17.57 crore in 9M-2013. For FY 2013, other expense was Rs 25.02 crore. 

     

    The company’s animation segment reported a 11.5 per cent drop in operating revenue in Q3-2014 to Rs 30.11 crore from Rs 34.03 crore in Q3-2013 and was 27.9 per cent lower than the Rs 41.77 crore in Q-2014. YTD, the company’s Animation segment reported operating revenue of Rs 98.18 crore which was 5.8 per cent more than the Rs 92.84 crore in 9M-2013. For FY 2013, this segment reported revenue of Rs 170.09 crore.

     

    Animation segment reported an operating profit of Rs 13.79 crore in Q3-2014, 17.6 per cent lower than the Rs 16.72 crore in Q3-2013 and 46.1 per cent lower than the Rs 25.59 cores in Q2-2014. In 9M-2014, the segment reported operating profit of Rs 50.84 crore which was 31.5 per cent more than the Rs 38.67 crore in 9M-2013. For FY 2013, this segment reported operating profit of Rs 97.52 crore. 

     

    DQE’s other segment – distribution reported revenue of just Rs 0.69 crore in Q3-2014 as compared to the Rs 10.92 crore in Q3-2013 and the Rs 13.62 crore in Q2-2014. YTD, the segment’s operating revenue fell 14.3 per cent to Rs 15.3 crore from Rs 17.84 crore in 9M-2013. For FY 2013, this segment reported revenue of Rs 28.72 crore.  

     

    The segment reported a loss of Rs 3.99 crore for the current quarter as compared to a profit of Rs 7.51 crore in Q3-2013 and Rs 7.6 crore in Q2-2014. Over the nine month period ended December 31, 2013, the segment reported a 63.6 per cent drop in operating profit to Rs 1.75 crore from Rs 4.8 crore in 9M-2013. For FY 2013, Distribution segment reported operating loss of Rs 2.64 crore.

     

    DQE’s reported an unallocated expense of Rs 11.54 crore in Q3-2014, which was 58.3 per cent more than the Rs 7.29 crore in Q3-2013 and almost four times the Rs 2.8 crore in Q2-2014. 

     

    The company states that its current order book stands at Rs 410 crore.

     

    Says Chakravarti, “There is a clear upsurge in the economy of North America, however the economic slowdown in Europe still continues. DQE is making all efforts in North America to take benefit of increased demand for TV and movie content in animation, hybrid presentations as well as pure live action. This is evident from our advanced negotiations with production houses in the USA.”

     

    “DQE with its track record of international high quality productions such as ‘Little Prince’, Iron Man, Fantastic Four, Jungle Book, Peter Pa, The Penguins of Madagascar, etc., should benefit from this renewed demand. The industry is also witnessing an increase for Visual Effects (VFX) content for animated feature films, live action thrillers & action films and Sci-Fi films from Hollywood, Europe and Japan. This will help DQE take advantage of its capabilities and trusted name for CGI/VFX production in USA and Europe. Our intellectual properties are also gathering momentum worldwide,” added Chakravarti.

     

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  • Hathway Q3 operating income up 52%

    Hathway Q3 operating income up 52%

    BENGALURU: Indian Multi Systems Operator (MSO) Hathway Cable & Datacom Limited (Hathway) reported a jump of 52.1 per cent in operating income to Rs 234.78 crore  in Q3-2014 from Rs 154.40 crore  in Q3-2013 and up 6.7 per cent from Rs 220.28 crore  in Q2-2013.

     

    The company’s operating income for 9M-2014 was 62.5 per cent higher at Rs 687.71 crore  compared with Rs 423.14 crore  in 9M-2013. For FY 2013, the company reported operating income of Rs 654.32 crore.

     

    Hathway’s y-o-y EBIDTA for Q3-2014 at Rs 39.13 crore  was up 6.3 per cent as compared to the Rs 36.82 crore  in Q3-2013, but (2.5) per cent lower than the Rs 40.15 crore  in Q2-2014. YTD, Hathway’s 9M-Q2014 EBIDTA was 79.9 per cent more at Rs 156.4 crore  as compared to the Rs 86.93 crore  in 9M-2013. For FY 2013, Hathway’s EBIDTA was Rs 178 crore.

     

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

     

    The company’s income breakup for the quarter is: Cable Income:-Rs  191.1 crore ; Placement Income-Rs  73.6 crore :  Activation Income- Rs 2.5 crore : Broadband Income-Rs 36.6 crore. 

     

    Hathway reported a net loss of Rs (36.86) crore  which was almost five times (4.97 times) the loss of Rs 7.42 crore  in Q3-2013, but 17.1 per cent less than the loss of Rs 44.45 crore  in the immediate trailing quarter. Hathway’s 9M-2014 net loss at Rs 75.99 crore  was triple the loss of Rs 25.25 crore  in 9M-2014. For FY 2013, Hathway reported a profit of Rs 3.20 crore. 

     

    Total Expense including depreciation and amortization for Q3-2014 at Rs 254.03 cores was 72.1 per cent more than the Rs 147.57 crore  in the corresponding quarter of last year and 8.9 per cent more than the Rs 233.19 crore  in Q2-2014. During 9M-2014, Hathway’s Total Expense was higher by 62.6 per cent at Rs 685.32 crore  as compared to the Rs 421.62 crore  in 9M-2013. For FY 2013, Hathway reported Total expense at Rs 608.5 crore. 

     

    Hathway paid almost double (1.95 times) towards Pay channel cost in Q3-2014 at Rs 82.73 crore  as compared to the Rs 42.96 crore  in Q3-2013 and 22.6 per cent more than the Rs 68.30 crore  in Q2-2014. In 9M-2014, Hathway paid Rs 210.47 crore  towards this head, which was 74 per cent more than the Rs 120.91 crore  in 9M-2013. For FY 2013, the company paid Rs 170.41 crore  towards this cost. 

     

    The company’s finance cost for Q3-2014 at Rs 22.41 crore  was almost double (up 1.96 times) the Rs 11.43 crore  I Q3-2013, but (5.5) per cent lower than the Rs 23.71 crore  in Q2-2014. In 9M-2014, Hathway’s finance cost more than double (up 2.11 times) to Rs.67.81 crore  as compared to the Rs.32.07 crore  in 9M-2013. For FY 2013, Hathway paid Rs.46.14 crore  towards finance cost. 

     

    By the end of December 2013, Hathway claims that it along with its JV partners had deployed 77 lakh boxes. During the quarter the company says that it has laid emphasis on collecting CRF’s from Phase II cities and on focusing for monetization of DAS areas. With this focus on collections it says that it has witnessed continued traction in the pace of subscription collections into January 2014.It says further that gross additions to its Broadband subscriber base was around 27,000 for the quarter.

     

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  • Prime Focus Q3 PAT Rs 10.33 crore vs loss a year ago

    Prime Focus Q3 PAT Rs 10.33 crore vs loss a year ago

    BENGALURU: Indian visual effect and 3-D conversion company Prime Focus Limited has reported consolidated net profit of Rs 10.33 crore in the third quarter ended 31 December, 2013 against a loss of Rs 63.27 crore a year ago.

     

    The consolidated net profit in the third quarter was, however, less than half of Rs 21.34 crore a quarter earlier. The company had a foreign exchange gain of Rs 20.37 crore (95.4 per cent of net profit) in the second quarter of 2013-14, against foreign exchange gain of Rs 3.80 crore in the third quarter.

     

    In the nine months ended 31 December, 2013, Prime Focus reported exchange gain of Rs 38.23 crore, nearly four times Rs 9.76 crore gain a year ago. For 2012-13, the company had a foreign exchange gain of Rs 6.75 crore. 

     

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

     

    Prime Focus reported 18.3 per cent rise in Income from operations to Rs 213.68 crore in Q3-2014 from Rs 180.68 crore in the same quarter of FY 2013 and was 9 per cent more than the Rs 196.06 crore during Q2-2014. YTD, its Income from operations at Rs 598.20 crore was 5.8 per cent more than the Rs 565.27 crore of the nine month periods of last year. For FY 2013, Prime Focus had reported Income from operations of Rs 762.16 crore. 

     

    Total expenditure at Rs 194.09 crore for Q3-2014 was 11.5 per cent more than the Rs 180.81 crore for Q3-2013, and 8.2 per cent more than the Rs 179.42 crore for the immediate trailing quarter Q2-2014. YTD, Prime Focus reported Total expenditure of Rs 541.73 crore , which was 5.75 per cent more than the Rs 512.26 crore  during the corresponding nine month period of FY 2013. The company reported Total expense of Rs 686.76 crore in FY 2013. 

     

    Personnel cost for Q3-2014 at Rs 89.38 crore was 14.6 per cent more than the Rs 78.02 crore  for the corresponding quarter of last year (Q3-2013) and 11.9 per cent more than the Rs 79.85 crore  for Q2-2014. 

     

    The company paid Rs 15.61 crore towards technician fee for Q3-2014, 7.4 per cent more than the Rs 14.53 crore a year ago, and (1.8) per cent lower than the Rs 15.89 crore for Q2-2014. 

     

    Depreciation and amortisation cost for Q3-2014 at Rs 25.17 crore was 10.6 per cent higher than the Rs 22.75 crore y-o-y but (11.5) per cent lower than the Rs 28.44 crore for Q2-2014. 

     

    Other expenditure for Q4-2014 at Rs 63.80 crore was 8.7 per cent more than the Rs 58.68 crore y-o-y and 15.5 per cent more than the Rs 55.25 crore q-o-q. 

     

    Prime Focus paid Rs 16.28 crore towards finance costs for Q3-2014, 32.5 per cent more than the Rs 12.29 crore for Q3-2013 and 46.8 per cent more than the Rs 11.09 crore for the trailing quarter (Q2-2014).

     

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  • Jyothy Labs Q3 ad spend up 25%, promo spends triple; PAT up 63%

    Jyothy Labs Q3 ad spend up 25%, promo spends triple; PAT up 63%

    BENGALURU: FMCG company Jyothy Laboratories Limited (Jyothy Labs) has reported a 63.1 per cent rise in its net profit in the quarter ended 31 December, 2013 to Rs 27.38 crore from Rs 16.79 crore a year ago.

     

    The company spent Rs.15.04 crore on advertising in the third quarter, up 25.2 per cent from a year ago. Its expenditure on promotions in the third quarter tripled to Rs 12.04 crore from Rs 4 crore a year ago. Jyothy Labs’ combined advertising and promotional expenses in the third quarter rose 71.6 per cent to Rs 27.48 crore from Rs 16.01 crore a year ago.

     

    Jyothy Labs’ product portfolio includes household brands led by its flagship fabric whitening brand Ujala, Henko, Mr. White, Chek, Exo, Pril, Margo, Fa, Neem and Maxo.

     

    Jyothy Labs’ net profit in the third quarter was 31.2 per cent more than Rs 20.87 crore a quarter ago. In the nine months ended 31 December, 2013, the company’s net profit more than doubled to Rs 76.95 crore from Rs 32.22 crore a year ago.

     

    The company’s advertising spend in the third quarter was 24.6 per cent lower than Rs 19.96 crore a quarter ago, while in the first nine months of 2013-14 it rose 49.2 per cent  Rs 64.54 crore from Rs 42.35 crore a year ago.

     

    The company reported a 27.8 per cent increase in operating revenue to Rs 296.99 crore in the third quarter from Rs 234.21 crore a year ago, but was 3.75 per cent lower than Rs 308.55 crore a quarter ago.

     

    Total expense during Q3-2014 26.8 per cent up to Rs.270.60 crores from Rs.213.47 crores in Q3-2013, but was down (3.9) per cent from Rs.281.51 crores in the previous quarter. Over the nine month period of the current year, Total expense during the nine month period of this year grew 19.6 per cent to Rs.839.29 crores from Rs.701.91 crores in the corresponding period of the previous year. For FY 2013, Jyothy Labs reported Total expense at Rs.956.64 crores.

     

    Let us look at Jyothy Labs reported Ad and Promo spends during Q3-2014 as percentages of Operating Income and Total expense:

     

    Ad spend for Q3-2014 of Rs.15.04 crores mentioned above was 5.06 per cent of Operating Income and 5.56 of Total expense for the period. Rs.12.01 crores for Q3-2013 mentioned above was 5.13 of Operating Income and 5.63 of Total expense for the period.  Q2-2014 ad spend of Rs.19.96 crores was 6.46 per cent of Operating Income and 7.09 per cent of Total expense for the period.

     

    The company’s YTD AD spend for the current period of Rs.64.54 crores was 6.98 per cent of Operating income and 7.69 per cent of Total sales as compared to the Rs. 43.25 crores (5.80 per cent of Operating Income and 6.16per cent of Total sales for the period) during the corresponding period of last year.

     

    Jyothy Lab’s Q3-2014 promo spend of Rs.12.44 crores was 4.19 per cent of Operating Income and  4.6 per cent of Total expense. Its Q3-2013 Promo spend of Rs.4 crores was 1.71 per cent of 9Operating Income and 1.87 per cent of Total expense for the period. The company’s Q2-2014 Promo spend of Rs.9.64 crores was 3.12 per cent of Operating Income and 3.42 per cent of Total expense.

     

    The YTD Promo spend of Rs. 31.22 crores for the current period 3.37 per cent of Operating Income and 3.72 per cent of Total expense for the period as compared to the Rs.18.33 cores (2.46 per cent of Operating Income and 2.61 per cent of Total expense) during the corresponding nine month period of last year.

     

    Combined Ad & Promo spend for Q3-2014 of Rs.27.48 crores was 9.25 per cent of Operating Income and 10.16 per cent of Total expense. For Q3-2013, the Rs.16.01 crores was 6.84 per cent of Operating Income and 7.5 per cent of Total expense. For Q2-2014, the combined figure at Rs.29.6 crores was 9.59 per cent of Total Income and 10.51 per cent of Total expense. The YTD figure of Rs.95.76 crores was 10.35 per cent of Operating Income for the period ended December 31, 2013 as compared to the Rs.61.58 crores (8.26 per cent of Operating Revenue and 8.77 per cent of Total expense) during the corresponding nine month period of last fiscal.

     

    Segmental Performance (Q3FY14 v/s Q3FY13) as reported by the company:

     

    Revenues from soaps and detergent business, which includes brands like Ujala, Henko, Exo, Pril, Margo, Mr. White, stood at Rs. 240.4 crore during the quarter compared to Rs. 187.2 crore in December 31st, 2012; up by 28.4 per cent. Ujala fabric whitener continues to be the market leader with a market share of 72.5 per cent by value claims the company.

     

    Home Care, which includes mosquito repellant Maxo and Exo scrubber, saw revenues for the quarter ended December 31, 2013 at Rs. 56.4 crore up 25.9 per cent as against Rs. 44.8 crore during the same period last year.

     

    Others businesses, which include brands like Fa and Neem, saw revenue increase of 78.1 per cent at Rs. 3.9 crore against Rs. 2.2 crore on December 31st, 2013.

     

    Commenting on the company’s results, Jyothy Labs Chairman and Managing Director  M P Ramachandran said, “We have continued to witness a steady growth in sales in spite of the weak consumer sentiment in the last several quarters. Increase in geographic footprint of our seven power brands has helped us grow at a fast pace. We have strategically concentrated on investing in our brands through advertising campaigns and brand extensions which are paying off well .”

     

    “Jyothy is also concentrating on increasing its product portfolio. The funds raised via preferential allotment was utilized to repay debt and the balance will further be utilized for organic and inorganic growth of the company. We expect the growth momentum to continue translating to healthy volumes and profitability growth for the financial year ,” he further added.

     

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