ITV

Tag: Q4 2018

  • Sun TV declares interim dividend as numbers jump in first quarter

    Sun TV declares interim dividend as numbers jump in first quarter

    BENGALURU: Sun TV Network Limited (Sun TV) reported improved numbers across all important parameters for the quarter ended 30 June 2018 (Q1 2019, quarter or period under review) as compared to the corresponding quarter of the previous year (Q1 2018). The company reported 40.8 percent higher year on year (y-o-y) standalone total income in the quarter under review at Rs 1,159.39 crore as compared to Rs 823.38 crore in Q1 2018. Standalone operating revenue increased 42.5 percent y-o-y to Rs 1,120.39 crore in Q1 2019 from Rs 786.32 crore in Q1 2018.The board of directors of the company has declared an interim dividend of 100 percent or Rs 5 per equity share of face value of Rs 5 each.

    The company has stated in its earnings release that standalone subscription revenue at Rs 311.27 crore was up 15 percent y-o-y.

    The company’s standalone profit after tax or PAT in Q1 2019 improved 62.6 percent y-o-y to Rs 409.14 crore as compared to Rs 251.64 crore in Q1 2019.

    Sun TV standalone EBIDTA in Q1 2019 was Rs 731.74 crore (65.6 percent of operating revenue), 63.9 percent higher as compared to Rs 448.36 crore (57 percent of operating revenue) in Q1 2018.

    Total Expenditure (TE) during the period under review increased 20.7 percent y-o-y to Rs 532.71 crore as compared to Rs 441.5 crore in the corresponding quarter of the previous year.

    Operating expense in Q1 2019 increased 18.4 percent y-o-y to Rs 80.90 crore from Rs 68.34 crore in the corresponding quarter of the previous year. Employee Benefits Expense in Q1 2019 increased 24.5 percent y-o-y to Rs 85.16 crore as compared to Rs 64.42 crore in Q1 2018. Other expenses (OE) in the Q1 2019 increased 28.1 percent to Rs 148.29 crore as compared to Rs 115.75 crore in the corresponding quarter of the previous year.

    SunRisers Hyderabad adds to operating profits of Sun TV

    Su TV paid 16.6 percent lower IPL Franchisee Fees during the quarter under review at Rs 71.33 crore as compared to Rs 85.48 crore in Q1 2018. Sun TV’s IPL franchise has turned operationally profitable as per the notes in Sun TV’s financial statement. The company has included income of Rs 385.92 crore from Sun Risers Hyderabad and costs incurred on it of Rs186.66 crore in Q1 2019. Corresponding numbers for Sun Risers Hyderabad for year ago quarter were income of Rs 143.10 crore and costs of Rs 165.50.

  • Sun TV FY 2018, Q4 numbers grow

    Sun TV FY 2018, Q4 numbers grow

    BENGALURU: Sun TV Network Ltd (Sun TV) reported improved numbers across all important parameters for the year ended 31 March 2018 (FY 2018, year or the year under review) as compared with the previous year (FY 2017). The company reported 10.9 per cent higher consolidated total income of Rs 3,105.29 crore as against Rs 2,799.52 crore in FY 2017. Consolidated operating revenue increased by 12 per cent to Rs 2,963.02 crore from Rs 2,645.72 crore.

    The company has stated in its earnings release that standalone subscription revenue at Rs 1,141.21 crore was up 18.7 per cent as against Rs 961.41 crore in the previous year. Advertisement revenue in the year under review was up by around 12 per cent year on year (yoy) at Rs 1,309.33 crore.

    Consolidated FY 2018 numbers

    The company’s consolidated profit after tax (PAT) in FY 2018 improved by 10.2 per cent to Rs 1,135.31 crore as against Rs 1,030.66 crore in FY 2017.

    Sun TV’s consolidated EBITDA for the year under review was Rs 2,003.76 crore (67.6 per cent of operating revenue), 13.2 per cent higher as against Rs 1,769.84 crore (66.9 per cent of operating revenue) in FY 2017.

    Consolidated total expenditure (TE) in FY 2018 increased by 10.4 per cent to Rs 1,410.33 crore as compared with Rs 1,276.36 crore in the previous year. Operating expense in FY 2018 rose by 29.6 per cent to Rs 302.86 crore from Rs 233.77 crore in the previous year. Employee benefits expense in FY 2018 increased by 15 per cent to Rs 314.54 crore as against Rs 273,51 crore in FY 2017. Other expenses (OE) in FY 2018 were 9.4 per cent lower at Rs 256.38 crore as compared with Rs 283.12 crore in the previous year.

    Sun TV has paid franchisee fees for its IPL team Sun Risers Hyderabad (SRH) of Rs 85.48 crore in Q1 2018 and Q1 2017.

    Standalone Q4 2018 numbers

    Sun TV reported improved numbers across all important parameters for the quarter ended 31 March 2018 (Q4 2018, the quarter under review) as compared with the corresponding quarter of the previous year (yoy, Q4 2017). The company says in its earnings release that subscription revenue for the quarter increased by 27.7 per cent yoy to Rs 308.84 crore from Rs 241.94 crore.                   

    Sun TV reported 21.6 per cent higher standalone total income in the quarter under review at Rs 753.79 crore as compared to Rs 619.85 crore in Q4 2017. Operating revenue increased 23.1 per cent yoy to Rs 716.95 crore in Q4 2018 from Rs 582.50 crore in Q4 2017.

    The company’s profit after tax or PAT in Q4 2018 improved 22.8 per cent to Rs 289.76 crore as compared to Rs 235.91 crore in Q4 2017.

    Sun TV EBITDA in Q4 2018 was Rs 522.40 crore (72.9 per cent of operating revenue), 32.7 per cent higher as compared to Rs 393.64 crore (67.6 per cent of operating revenue) in Q2 2017.

    Total expenditure (TE) in Q4 2018 increased 18.3 per cent to Rs 314.47 crore as compared to Rs 265.72 crore in the corresponding quarter of the previous year.

    Operating expense in Q4 2018 increased 17.8 per cent yoy to Rs 72.73 crore from Rs 61.74 crore in the corresponding quarter of the previous year. Employee benefits expense in Q4 2018 increased 18.4 per cent to Rs 76.09 crore as compared to Rs 64.28 crore in Q4 2017. Other expenses (OE) in the Q4 2018 reduced 27.2 per cent to Rs 45.73 crore as compared to Rs 62.84 crore in the corresponding quarter of the previous year.

  • Higher numbers push up financials; ‘Padmaavat’ top grosser for PVR

    Higher numbers push up financials; ‘Padmaavat’ top grosser for PVR

    BENGALURU: Higher box office, food and beverages (F&B) and sponsorship revenues, higher occupancy, higher average ticket prices (ATP) have helped push up Indian exhibitor PVR Ltd’s (PVR) overall numbers for the quarter and year ended 31 March 2018 (Q4-2018, quarter under review, FY-2018, year under review) as compared with the corresponding year ago quarter (Q4-2017) and financial year (FY-2017) respectively. Net box office collections (NBO) at Rs 75.15 crore for Padmaavat, the top grosser for PVR in Q4-2018 were more than double the NBO of the Q4-2017 top grosser Dangal, which had netted Rs 32.23 crore. This was despite lower theatre admits in Madhya Pradesh, Rajasthan, and Gujarat which were impacted due to non-release of Padmaavat in these states, says the company.

    PVR reported 19 per cent yoy increase in consolidated revenue for the quarter under review at Rs 572.88 crore as compared to Rs 483.01 crore in Q4-2017. Profit after tax for Q4-2018 increased to Rs 25.89 crore as compared to Rs 0.01 crore in Q4-2017. EBITDA (including other income) in the quarter under review increased 60 per cent to Rs 101.93 crore from Rs 63.84 crore in the corresponding year ago quarter.

    For FY-2018, the exhibitor reported an eight per cent increase in revenue at Rs 2365.45 crore as compared to Rs 2181.68 crore in FY-2017. PAT for FY-2018 was 29 percent higher at Rs 124.02 crore as compared to Rs 95.84 crore in FY-2017. EBITDA for the year under review increased 15 per cent to Rs 433.17 crore from Rs 375.87 crore in FY-2017.

    Q4-2018 revenue numbers

    Total NBO collections increased 18 per cent yoy in Q4-2018 to Rs 312.40 crore from Rs 264.60 crore. Revenue from F&B increased 22 per cent yoy to Rs 157.10 crore from Rs 128.49 crore. Advertising revenue increased 37 per cent yoy in Q4-2018 to Rs 72 crore from Rs 52.74 crore in Q4-2017. Convenience income declined two per cent yoy to Rs 14.46 crore from Rs 15.72 crore. Other operating income declined 19 per cent yoy to Rs 13.95 crore from Rs 17.24 crore. The company says that other operating income in Q4-2017 included government subsidy of Rs 7.62 crore provided by various state governments. In Q4-2018, this component has not been accounted for on due to lack of clarity on refund mechanism for the tax exemptions under GST regime claims the company in it investor presentation. Other income declined 43 per cent yoy to Rs 2.97 crore from Rs 5.22 crore.

    FY-2018 revenue numbers

    Total NBO collections increased 11 per cent yoy in FY-2018 to Rs 1248.06 crore from Rs 1125.64 crore. Revenue from F&B increased 10 per cent to Rs 607.66 crore from Rs 550.54 crore. Advertising revenue increased 20 per cent in FY-2018 to Rs 294.86 crore from Rs 245.02 crore in Q4-2017. Convenience income increased three per cent to Rs 59.71 crore from Rs 58.15 crore. Other operating income declined 14 per cent to Rs 55.14 crore from Rs 64.26 crore. Other income declined 45 per cent to Rs 10.22 crore from Rs 18.58 crore.

    Box-office numbers

    Admits in Q4-2018 increased by five per cent to 1.90 crore from 1.82 crore in corresponding quarter of fiscal 2017. Occupancy was fractionally lower in Q4-2018 at 31.5 percent as compared to 31.6 percent in Q4-2017. ATP increased by Rs 19 during the year under review to Rs 209 as compared to Rs 190 in Q4-2017. The company says that the top five movies in Q4-2018 contributed to 52 percent of the gross box office with an occupancy rate of 38 per cent.

    Admits in FY-2018 increased by one per cent to Rs 7.61 crore from Rs 7.52 crore in fiscal 2017. Occupancy was up at 32.9 per cent in FY-2018 as compared to 31.3 per cent in the previous year. ATP increased by Rs 15 during the year under review to Rs 210 as compared to Rs 196 in FY-2017.

  • Airtel Digital TV numbers up

    Airtel Digital TV numbers up

    BENGALURU: Indian telecom player Bharti Airtel Ltd (Airtel) reported 9.5 per cent and 10.7 per cent growth in operating revenue for its Airtel Digital TV Services (Airtel DTH) for the year and quarter ended 31 March 2018 (FY 2017-18; Q4 2017-18), respectively, as compared with the corresponding year ago periods. Airtel DTH’s operating revenue in FY 2017-18 was Rs 3,757 crore while in FY 2016-17 it was Rs 3,430.6 crore. Operating revenue in Q4 2017-18 was Rs 958.5 crore and in Q4 2016-17 it was Rs 865.7 crore.

    The company reported improved EBIDTA for both FY 2017-18 and Q4 2017-18. EBIDTA in FY 2017-18 increased by 16.4 per cent to Rs 1,422.6 crore (37.9 per cent of operating revenue) from Rs 1,221.9 crore (35.6 per cent of operating revenue). EBIDTA for the quarter rose by 17.4 per cent to Rs 370.1 crore (38.6 per cent of operating revenue) from Rs 315.3 crore (36.4 per cent of operating revenue) in the previous year.

    The company has increased its capital expenditure (capex) in FY 2017-18 as compared with the previous year. Total capex increased by 19.4 per cent to Rs 1,027.7 crore from Rs 860.8 crore in the previous year. Cumulative investment in FY 2017-18 was Rs 8,005.7 crore as compared with Rs 7,351.3 crore in FY 2016-17. Capex in Q4 2017-18 increased 48.9 per cent to Rs 206.4 crore as against Rs 138.6 crore in Q4 2016-17.

    Subscriber details

    Airtel reported 14.168 million Airtel DTH subscribers at the end of FY 2017-18. Quarter-on-quarter, its subscribers increased by 0.23 million. The company had reported 12.815 million subscribers at end of Q4 2016-17. Average revenue per user or ARPU for the quarter was Rs 228, the same as in Q4 2016-17, but declined from Rs 233 in the immediate trailing quarter. Monthly churn in Q4 2017-18 was lower at 1.1 per cent as compared with 1.2 per cent in Q4 2016-17 and Q3 2017-18.

    Airtel numbers

    Airtel’s annual consolidated revenue for FY 2017-18 at Rs 83,688 crore declined by 9.8 per cent over the previous year (reported drop of 12.3 per cent) on an underlying basis, led by decline of 11.7 per cent in India. Consolidated EBITDA at Rs 30,448 crore reflects an EBITDA margin of 36.4 per cent as compared with 37.3 per cent in previous year.

    Airtel’s consolidated revenue for Q4 2017-18 at Rs 19,634 crore declined by 5.4 per cent year-over-year (yoy) (reported drop of 10.5 per cent) on an underlying basis. India revenue for the quarter was Rs 14,796 crore shrunk by 7.5 per cent yoy (13.1 per cent on reported) on an underlying basis. Yoy decline was primarily caused by mobile drop of 13.5 per cent says the company. Consolidated EBITDA at Rs 7,034 crore declined 12.0 per cent yoy. Consolidated EBITDA margin decreased by 0.6 per cent to 35.8 per cent in the quarter as against 36.4 per cent.

    Airtel India and South Asia MD and CEO Gopal Vittal said, “The telecom industry continues to witness below cost, artificially suppressed pricing. Industry revenues were further adversely impacted this quarter due to the reduction in international termination rates. Our strategic investments in data capacities, innovative digital content through Airtel TV, customer friendly bundles and upgrade programs led to the highest-ever mobile data customer additions of 15 million during the quarter. Usage parameters remained robust on a yoy basis; we saw data and voice traffic grow 584 per cent and 55 per cent respectively. In line with our goal of building market-leading 4G networks, with best-in-class speeds and capacity; while supporting the digital India initiative, we have ended the financial year with our highest ever capital expenditure of Rs 240 billion. We intend to continue the rollout momentum next year as well.”

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