ITV

Tag: Q4 FY22

  • Sun TV Q4 consolidated revenue up by 12.84%

    Sun TV Q4 consolidated revenue up by 12.84%

    Mumbai: Sun TV Network has announced its fourth quarter and yearly results for the financial year ended 31 March 2022. The company reported consolidated revenues of Rs 3584.82 crore for the year up by 12.84 per cent as against Rs 3,176.89 crore for the corresponding year ended 31 March 2021. Earnings before interest, taxes, depreciation, and amortization (Ebitda) for the same period was higher by 10.43 per cent at Rs 2,287 crore as against Rs 2,017.38 crore for the previous year.

    The profit after tax (including shares from joint ventures) for the year stood at Rs 1641.91 crore up by 7.65 per cent.

    The advertising revenues of the company for the year stood at Rs 1300.60 crore as against Rs 994.03 crore up by 30.84 per cent year-on-year. Its subscription revenues for the year stood at Rs 1657.13 crore, as against Rs 1,721.48 crore for the previous year.

    For the fourth quarter, the company reported revenue of Rs 833.01 per cent crore up by 6.52 per cent year-on-year. Its profit after tax for the quarter stood at Rs 404.35 crore as against Rs 449.88 crore in the corresponding quarter last year.

    The company’s advertising revenue for the quarter stood at Rs 337.13 crore up by 7.07 per cent. It reported subscription revenue of Rs 416.03 crore for the quarter as against Rs 428.12 crore for the corresponding quarter last year.

    Sun TV Network operates satellite television channels across six languages of Tamil, Telugu, Kannada, Malayalam, Bangla and Marathi, airs FM radio stations across India and owns the SunRisers Hyderabad Cricket franchise of the Indian Premier League and the digital OTT platform SunNXT.

  • UFO Moviez reported revenue of Rs 56.1 crore in Q4 FY22

    UFO Moviez reported revenue of Rs 56.1 crore in Q4 FY22

    Mumbai: In-cinema advertising company UFO Moviez has announced its financial results for the quarter and year ended 31 March 2022. The company’s consolidated revenue for the quarter stood at Rs 56.1 crore. The company reported a loss of Rs 18.9 crore.

    As per the statement, “Theatrical and advertisement revenues continued to remain impacted due to the third wave of Covid-19 pandemic fuelled by the omicron variant. As a result of this new wave and ensuing restrictions, business operations were affected in January and most of February.”

    The company’s consolidated revenue for the financial year stood at Rs 163.9 crore. It reported a loss of Rs 86.9 crore for the year.

    UFO Moviez joint managing director Kapil Agarwal said, “Despite beginning the year on a muted note due to the impact of the second wave of the pandemic, the second half of the year has witnessed an uptick in the recovery. This was despite the third wave of the pandemic affecting business operations in January and for most of February.”
    He added, “Easing of occupancy restrictions and steady release of movies have led to a bounce back in CDC revenues, while advertisement revenues have also begun to see a gradual uptick. In the last few months, several movies irrespective of the budget and genre have been huge hits, proving that moviegoers are returning to theatres in large numbers. In addition, the acceptance of mass appeal in South and other regional movies across India is a healthy sign of the industry’s expansion. It will benefit all industry participants.”

  • Uptake of free DTH has come down since major broadcasters left: Punit Goenka

    Uptake of free DTH has come down since major broadcasters left: Punit Goenka

    Mumbai: The uptake of free direct-to-home services has come down since the major broadcaster networks collectively left the platform on 1 April, stated Zee Entertainment Enterprises Limited managing director and chief executive officer Punit Goenka during an earnings call.

    The company reported its fourth quarter and yearly results for the financial year ended 31 March. Goenka said, “Cord-cutting has slowed down now that GECs (general entertainment channels) have come out of the Free Dish platform. So far, the decline in subscription revenues has been because we were losing subscribers. The good thing is we’re not losing subscribers to digital but rather subscribers are migrating from pay linear to free linear TV.”

    On merger with Sony Pictures

    Goenka also shared an update on the merger process between Zee and Sony Pictures Networks India. The two companies had signed a definitive agreement in December 2021 and submitted key documents with the stock exchanges for the necessary approval. Analysts queried Goenka whether the timeline for completion of the merger would remain at eight to nine months as the company was still awaiting approval from the exchanges.

    “My speculation is that because this is a large merger there have been a significant number of queries by the stock exchanges that we have been answering. It has been two weeks or ten days since we last got any query from the exchange and I am still positive towards the eight to nine months timeline,” replied Goenka.

    Zee is expected to be one of the major contenders for the Indian Premier League (IPL) media rights auction that is set to begin on 12 June. With the merger process still underway, analysts asked Goenka whether Zee was in a position to bid for the media rights without the capital infusion of $1.57 billion (~Rs 12,000 crore) from Sony.

    “We have a healthy balance sheet and we can participate (in the IPL media rights) on our own,” said Goenka. He also noted that the TV and digital rights package being sold separately “doesn’t preclude us from bidding for either part of all of the rights packages being sold.”

    Goenka stated that the company is still evaluating its strategy concerning IPL media rights.

    Zee expects its advertising revenues to face pressure in the coming quarter due to the inflationary situation that has impacted FMCG advertisers who account for up to 53 per cent of ad spend on the network.

    The company also expects to see a short-term impact on ad revenues after pulling its GECs from the Free Dish platform. “This will be a transitional impact and we expect to recover as intended benefits accrue on the pay side of the business,” remarked Zeel chief financial officer Rohit Gupta.

    He added, “In FY23 from a quarter-on-quarter progression perspective we expect the margins to improve as we progress through the year.

    The first quarter will have the most immediate impact in terms of inflationary dynamics. FTA drop, accelerated investments and seasonal expenses such as increments etc., will have an impact on revenues. As revenues scale up in subsequent quarters, we expect margins to start inching up in the later part of the year.”

    The embargo on NTO (New Tariff Order) 2.0 continues to impact the broadcast industry in terms of subscription revenues. However, the management of Zee expects to see a positive quantum in terms of revenue growth for FY23 now that the pandemic has subsided.

    Zee reiterated its commitment to scale investments in content, technology and product. The company is particularly increasing investments on OTT content with more regional content in the pipeline and partnering with global studios, independent creators and premium content production houses. Zee5 saw 31 per cent growth in revenues for FY22 and its global monthly active users (MAUs) stood at 104.8 million. Average watch time on the platform increased to 214 minutes.

    Following the success of “Kashmir Files” that grossed Rs 200 crore in the box office, Zee Studios is gearing up to release 20-25 movies this year.

    On the linear TV side, the company plans to increase investments in its Hindi, Marathi and Tamil portfolio of channels to grow market share.

    Linear TV market

    Zee’s linear TV market share declined to 17.1 per cent in Q4 2022. Zee has also considerably brought down its debt to Dish TV India from Rs 5.8 billion in March 2020 to Rs 2.4 billion in March 2022.

    The company reported operating revenue of Rs 8189.3 crore up by 14.1 per cent year-on-year. Its profit after tax increased by 31.7 per cent and stood at Rs 964.4 crore. Advertising revenue stood at Rs 4396.5 crore in FY22 up by 18 per cent year-on-year. Subscription revenue remained stable at Rs 3246.6 crore. The company’s expenditure for the year came up to Rs 6467.3 crore out of which operating expenses stood at Rs 4044.9 crore. The company’s programming and technology costs increased year-on-year driven by higher theatrical revenue, continued investments in Zee5 and new launches across the market.

  • Zee Media’s consolidated revenue up 33.6 percent at Rs 866.86 crore for FY22

    Zee Media’s consolidated revenue up 33.6 percent at Rs 866.86 crore for FY22

    Mumbai: Zee Media Corporation has announced its fourth quarter and yearly results for the financial year ended 31 March 2022. The company reported audited consolidated revenues of Rs 866.86 crore for FY 2022 as compared to FY 2021, which was at Rs 649.07 crore. The company witnessed 33.6 percent growth during the same period.

    The network incurred expenditure of Rs 613.2 crore and its operating revenue stood at Rs 247.73 crore up by 35.4 per cent as compared to the corresponding quarter FY 2021. The company’s operating expenditure stood at Rs 189.13 crore up by 54.1 per cent year-on-year (YoY). The company’s earnings before interest, tax, depreciation and amortization (EBIDTA) stood at Rs 58.60 crore during the Q4 FY 2022.

    The company’s advertising revenue for the quarter stood at Rs 237.1 crore up by 39.4 per cent and subscription revenue stood at Rs 9.2 crore. Its advertising revenue for the year stood at Rs 822.6 crore up by 36.4 per cent and subscription revenue stood at Rs 38.49 crore.

    After including exceptional items, Zee Media reported loss of Rs 51.45 crore for the quarter and consolidated loss of Rs 117.72 crore for the year ended 31 March 2022.

    Zee Media operates 14 TV news channels including four national, nine regional languages and one global. It also operates four digital channels and 17 digital properties.

     

  • Balaji Telefilms reported an income of Rs 119 crore for Q4 FY22

    Balaji Telefilms reported an income of Rs 119 crore for Q4 FY22

    Mumbai: Balaji Telefilms has announced its financial results for the fourth quarter and year ended 31 March 2022. The group posted an income of Rs 119 crore for the quarter and a loss of Rs 33.3 crore.

    The group revenues for the year stood at Rs 337 crore and a loss of Rs 133 crore. Altbalaji contributed Rs 102 crore to overall revenues. It sold 3.88 million subscriptions in FY22 excluding subscribers on partner apps. Its direct subscription revenue stood at Rs 52.39 crore.

    The TV business clocked 863 hours of production across seven shows for four broadcasters. There are two more shows lined up and should commence shortly.

    Altbalaji added 13 shows over 12 months on its platform. Its reality show Lock Upp has crossed more than 500 million views. The watch time on the OTT platform stood at 15.75 billion minutes, with an engagement time of 66 minutes. Video views stood at 1.29 billion cumulative to date.

    The company also has seven movie projects in the pipeline with leading actors and directors in the country.

    “The movie business continued to make good progress in completing its productions given that normal operations were fully resumed on account of easing of restrictions,” said the statement. “Further, with the relaxations implemented in terms of re-opening of cinema theatres, the theatrical distribution business is steadily on its way to regain momentum and this has accordingly allowed the company to pursue its monetization strategies for completed productions in terms of theatrical launches as well as deals for direct to digital.”

    The company has seven movies planned for release in FY23 and pre-locked existing deals on a few movies. As part of its strategy, Balaji Telefilms continues to control investments in movies and pursue pre-sales and co-production deals where feasible.

    “The relaxation of COVID-19 restrictions and norms in this financial year allowed us to operate at our optimum efficiency levels,” said Balaji Telefilms Limited managing director Shobha Kapoor. “Altbalaji continues to drive subscription growth and we added 3.88 million subscriptions during the twelve months. We added 13 shows in the twelve months which included the highest watched reality show Lock Upp in OTT space signalling the reach of the business. We continue to have strong controls on the cash spend while driving overall profitability including some strong strategic content sharing deals which allows us to further our growth. Our TV business has shown good recovery in terms of production hours and we hope to improve this momentum as two new shows will commence. In the movie business, production for some exciting projects is at various stages of completion. We closely monitor the availability of theatrical releases and direct to digital launches. Overall, the year has been good and expected to continue the momentum.”

  • NDTV records profit of Rs 17.8 crore in Q4 FY22

    NDTV records profit of Rs 17.8 crore in Q4 FY22

    Mumbai: NDTV Group’s television company NDTV Ltd has recorded revenue of Rs 65.3 crore profit of Rs 17.8 crore for the quarter ended 31 March. The media company reported revenue of Rs 262.13 crore profit of Rs 59.2 crore for the year 2021-2022.

    The annual consolidated profit for the group was Rs 79.7 crore. The group’s profit on core business, excluding gains on investments, has nearly doubled from Rs 38.5 crore to Rs 73.3 crore, according to the statement.

    The company’s digital arm NDTV Convergence has delivered its highest revenue and profit, said the statement. “Its position as the market leader for credible news has helped it consolidate its position as one of the country’s few profitable online content companies.”

    The group has in the year 2021-2022 cut its external liabilities (including borrowings) by Rs 106.4 crore.

    “NDTV thanks with much gratitude each member of its exceptional team for their commitment and contribution to strengthening the group’s financial position and to its focus on independent journalism,” said the company in a statement.

  • Nxtdigital records revenue of Rs 1152.19 crore for FY22

    Nxtdigital records revenue of Rs 1152.19 crore for FY22

    Mumbai: Nxtdigital Ltd on Wednesday announced the results for financial year 2022. The media and communications company recorded revenue of Rs 1,152.19 crore for the year ending 31 March, registering a growth of 14.3 per cent year-on-year.

    The company clocked earnings before interest, depreciation, and taxes (EBIDTA) of Rs 256.22 crore registering a growth of 10.4 per cent YoY. The revenue and EBIDTA for the year include Rs 69.30 crore and Rs 43.88 crore, respectively, arising out of the ‘real estate’ segment of the company.

    The consolidated profit after tax for the year is Rs 1.91 crore as against a loss Rs 13.90 crore in the previous year.

    The company posted consolidated revenue of Rs 344.55 crore in the fourth quarter ended 31 March. It clocked an EBIDTA of Rs 100.41 crore.  Revenue and EBIDTA for the quarter include Rs 69.30 crore and Rs 43.88 crore respectively arising out of the ‘real estate’ segment of the company.

    The media and entertainment segment recorded an EBIDTA of Rs 56.53 crore for the quarter. The consolidated PAT for the quarter stood at Rs 84.46 crore. PAT for the quarter is inclusive of the profit from ‘real estate’ segment of the company.

    “We have remained singularly focused on the changing consumer preferences, in no small measure impacted by the lockdown periods; and have accelerated our digital transformation in line with the same,” said Nxtdigital managing director and CEO Vynsley Fernandes. “Our performance across all segments of our business reflects that mission. Offering a “combo” of digital television, broadband and OTT is now our norm, rather than the exception; whilst we will continue to expand our footprint through the launch of more Nxthubs.”

  • Q4 FY22: Bharti Airtel posts revenues of Rs 31,500 crore

    Q4 FY22: Bharti Airtel posts revenues of Rs 31,500 crore

    Mumbai: Telecom major Bharti Airtel has reported fourth quarter FY 2022 revenues of Rs 31,500 crore, up by 22.3 per cent year-on-year. The company’s consolidated net income stood at Rs 2,008 crore.

    The company reported consolidated revenue of Rs 116,567 crore up by 20.2 per cent YoY and consolidated net income of Rs 4,255 crore.

    The company’s India business posted quarterly revenues of Rs 22,500 crore, up 22.7 per cent YoY. The company’s mobile business grew by 25.1 percent on account of increase in average revenue per user (ARPU). The ARPU for the quarter stood at Rs 178 versus Rs 145 in the corresponding quarter last year.

    The company added 21.5 million 4G customers in the last year and has surpassed over 200 million 4G customers. The average data usage per data customer stood at 18.8 Gbs/month and voice usage per customer stood at 1083 minutes. Its home business segment revenues grew by 45.8 per cent YoY and customer net additions grew by ~323K during the quarter to reach a base of 4.5 million. Its digital TV business had a customer base of 17.6 million at the end of the quarter. Airtel Business grew by 12.9 per cent YoY. Airtel reported 189 million monthly active users (MAUs) across its digital assets including Thanks, Mynk and Xstream.

    “This has been another quarter to cap a full year of consistent and competitive performance across our portfolio,” said Bharti Airtel MD and CEO India and South Asia Gopal Vittal. “Our consolidated revenues for the quarter grew by 5.5 per cent and EBITDA margins expanded to 50.8 per cent, underscoring our focus on all round delivery. The mobile business revenues were up 9.5 per cent as we saw the full flow through of tariff increase. Airtel continues to have the highest ARPU at Rs 178. Our Homes and enterprise business continue to exhibit very strong growth momentum, reflecting the resilience of our overall portfolio. Our strong balance sheet and cash flows have enabled us to further repay some of our spectrum liabilities ahead of schedule and improve our leverage.”

    He further said, “We continue to remain optimistic about the opportunities in the coming years and believe we are well poised as a company for three reasons. First, our ability to execute consistently to a simple strategy of winning with quality customers and delivering the best experience to them. Second, our future proofed business model with massive investments in both infrastructure and digital capabilities. Finally, our financial prudence backed by our strong governance focus.”

  • Shemaroo’s digital business contributes 48 per cent to FY22 revenue

    Shemaroo’s digital business contributes 48 per cent to FY22 revenue

    Mumbai: Shemaroo Entertainment posted its financial results for the fourth quarter and financial year ended on 31 March. The company’s digital business contribution has grown from less than 10 per cent in FY14 to 48 per cent in FY22. This includes revenues from its OTT platform ShemarooMe and its content distribution agreements with telcos and OTT players.

    For the fourth quarter, the company posted Rs 936 million in revenue from operations and Rs 20 million net profit. The company reported 465 million in revenue from its digital media business registering 25.9 per cent growth year on year (YoY). It earned Rs 471 million from its traditional media business, a growth of 15.7 per cent.

    The company posted revenue of Rs 3814 million and profit after tax of 53 million for the financial year 2021-22. Its digital media revenues stood at Rs 1814 million which grew by 21.4 per cent year-on-year. It earned Rs 2000 million from traditional media which grew by 23.7 per cent year-on-year.

    Shemaroo Entertainment launched its third satellite free-to-air channel named ‘Shemaroo Umang’ in April. The company also released 15 new titles during the quarter with content across movies, web series and plays on its OTT platform ShemarooMe.

  • PVR Ltd reports consolidated revenue of Rs 579.7 crore in Q4 FY22

    PVR Ltd reports consolidated revenue of Rs 579.7 crore in Q4 FY22

    Mumbai: Cinema exhibition chain PVR Ltd has announced its fourth quarter and financial year 2021-2022 results on Monday. The company reported consolidated revenue of Rs 579.7 crore and a loss of Rs 105.5 crore for the quarter ended 31 March. 

    PVR earned Rs 263.3 crore and reported a loss of Rs 289.2 crore for the corresponding quarter. After adjusting for the impact of IND-AS 116 – leases, consolidated revenue stood at Rs 553.6 crore and loss at Rs 95.6 crore in Q4 FY22.

    The company reported consolidated revenue of Rs 1657.1 crore and loss of Rs 488.5 crore for the financial year ended on 31 March 2022. In comparison, the company earned Rs 749.4 crore and made a loss of Rs 748.2 crore last financial year. After adjusting for the impact of IND-AS 116 – leases, the company reported consolidated revenue of Rs 1408.7 crore and a loss of Rs 419 crore for FY22.

    The last 35 days of the fourth quarter were marked with strong content flow across regional and Bollywood genres including films like “Valimai” (Tamil), “Bheemla Nayak” (Telugu), “Gangubai Kathiawadi” (Hindi), “The Kashmir Files” (Hindi) and “RRR” (multilingual) helped admissions cross the 90-lakh mark in March.

    “Similar to Q3 FY’22, the results of Q4 demonstrated the resilience and the ability of the theatrical business to quickly recover once new content was made available,” said the statement. “The short span of the third wave ensured that the rate of infection subsided as drastically as it had peaked. At the onset of the wave, all the states had imposed capacity restrictions on cinema operations. These restrictions were gradually relaxed and were done away with by the end of February.”

    The company had booked forex losses on loans extended to PVR Lanka in March, a subsidiary of PVR Ltd in Sri Lanka, due to the sudden devaluation of the local currency given the political and economic turmoil in the region.

    The company opened 15 screens across three properties in the fourth quarter and plans to open 120-125 new screens in FY 2023.

    The company’s total available liquidity, including undrawn working capital lines on the balance sheet, is in excess of Rs 667 crore at the end of the fourth quarter.

    “Our belief in the ability of the industry to bounce back swiftly was vindicated with this quarter’s results. 90+ lakh admissions in the month of March and a stellar content pipeline for the next few quarters tells us that the best is yet to come,” said PVR Ltd chairman cum managing director Ajay Bijli. “I strongly feel that this year can be the best year this industry has ever seen. We are doubling down on our investments and if everything goes as planned, this year we will break our own record of the maximum number of screens opened in a year in India.”

    “I am extremely positive about the impending merger with Inox which will give additional firepower to the combined entity to invest and innovate in bringing world-class theatrical viewing experience for our discerning audiences,” he added.