ITV

Tag: Quarterly Results

  • ZEEL records revenues of Rs 1,845.7 crore for Q1FY23

    ZEEL records revenues of Rs 1,845.7 crore for Q1FY23

    Mumbai: Zee Entertainment Enterprises (Zeel) reported a four per cent increase in Q1 FY23 revenue to Rs 1,845.7 crore, compared to Rs 1,775 crore in Q1 FY2022. Ebitda for the first quarter of FY23 was Rs 235.7 crore, with a margin of 12.8 per cent. Profit after taxes fell by 50.01 per cent for the same period to Rs 106.6 crore, compared to Rs 213.8 crore in Q1 FY22.

    Domestic ad revenue was recorded at Rs 9,257 crore, up 5.8 per cent year on year but down 14 per cent quarter on quarter. Ad revenue growth for the same quarter was impacted by FTA withdrawal (Zee Anmol) and lower advertising spending by brands due to weak macroeconomic conditions.

    Subscription revenue fell 5.1 per cent year on year and 10 per cent quarter on quarter as a result of the pricing embargo, which slowed linear revenue growth. Q1 FY23 is also impacted by the timing of some of the company’s B2B deals and renewals.

    Other sales and services revenue (YoY) increased by 62.4 crore; QoQ revenue decreased by 250.5 crore; “The Kashmir Files,” “Valimai,” and “Bangar Raju” contributed to higher theatrical revenue in Q4 FY22.

    Programming and technology costs were higher (YoY0 in Q1 FY23 and were driven by higher theatrical releases, investment in Zee5, and new launches in the linear business.

    There was an increase in marketing costs on a YoY basis on account of new launches in linear business and continued investments in ZEE5.

    International advertising revenue for Q1 FY23 stood at Rs. 50.6 crore, subscription revenue was at Rs 107.4 crore, and other sales & service was at Rs 23.9 crore.

  • Zee Media’s Q3 operating revenue up 31.7 % to Rs 2,428.1 million

    Zee Media’s Q3 operating revenue up 31.7 % to Rs 2,428.1 million

    Mumbai: Zee Media on Thursday announced its consolidated revenues for the third quarter of FY 2022. The media conglomerate reported operating revenues of Rs 2,428.1 million up by 31.7 per cent year-on-year. The company had reported operating revenue of Rs 1,843.9 mn in Q3 during the previous year.

    The total consolidated revenue was reported to be Rs 6,191.3 mn upto the third quarter ended FY 2021-22. The operating expenditure increased by 33.9 per cent to Rs 1,553.1 mn in Q3FY22 from Rs 1,160.2 mn in Q3FY21, it said.

    The profit after tax (PAT) was recorded at  Rs 454.6 million which saw a growth of 31.9 per cent YoY. The company’s advertising revenues stood at Rs 2,317.1 million up by 33.7 per cent, while the subscription revenues remained flat at Rs 96.8 million.

    Zee Media operates 14 news channels comprising one global, three national and ten regional language channels and is one of the largest TV news networks in the country. Its Hindi news channel Zee News garners 279 million video views on YouTube.

    In January, the company expanded its regional footprint by launching four digital channels namely Zee Tamil News, Zee Telugu News, Zee Kannada News, and Zee Malayalam News.

    Its digital assets combined 17 brands in 11 languages which received 4.23 billion page views during the quarter and 328 million monthly active users (MAUs).

  • Airtel Q3 FY22: 5.4% revenue growth QoQ led by ARPU increase

    Airtel Q3 FY22: 5.4% revenue growth QoQ led by ARPU increase

    Mumbai: Telecom major Bharti Airtel on Wednesday announced its third quarter FY 2022 results. The company has posted quarterly revenues of Rs 29,867 crore, up 18.3 per cent year-on-year backed by strong and consistent performance delivery across the portfolio. It reported net income (after exceptional items) of Rs 830 crore.

    The telecom company’s India business saw quarterly revenues of Rs 20,913 crore which was up by 17.9 per cent YoY. Its India customer base stands at ~356 million.

    Its mobile services revenues were up by 19.1 per cent YoY led by an increase in average revenue per user (ARPU). Its mobile ARPUs increased to Rs 163 during the quarter versus Rs 146 in the same quarter previous year. Mobile data consumption increased by 33.8 per cent YoY at a rate of 18.3 Gb per month.

    Additionally, Airtel’s 4G customers increased by three million on a quarter-on-quarter basis to reach 195.5 million and account for 61 per cent of its total base.

    The company’s home business saw 40.4 per cent YoY growth led by strong customer additions. Home business witnessed 341,000 customer net additions in the quarter to reach a total base of 4.16 million. Its Digital TV customer base stood at 18.1 million during the same period. “Digital TV continues to improve its market position with steady revenue and customer base,” said the statement.

    Airtel Business revenues were up by 13.4 per cent YoY backed by strong demand for data portfolio and emerging businesses.

    During the quarter, Google announced that it would invest $1 billion in Airtel as part of its Google for India Digitization Fund. Airtel also announced a joint venture with Hughes Communications to become the largest satellite service operator in India.  

    “We have delivered another quarter of sustained performance across all our business segments,” said Bharti Airtel India and South Asia MD and CEO Gopal Vittal. “Overall sequential revenue growth was at 5.4 per cent and EBITDA margins came in at 49.9 per cent. The recent tariff revision for mobile services has gone down well and we are exiting the quarter with an industry leading ARPU of Rs 163. The full impact of the revised mobile tariffs, however, will be visible in the fourth quarter. Our Enterprise, Homes and Africa business continue to deliver strongly, with steady increase in contribution to the overall mix of the portfolio. Our balance sheet is robust and we are now generating healthy free cash flows. This has enabled us to recently prepay some of our spectrum liabilities to the Government thereby reducing the interest burden.”

    He further stated, “Google’s recent investment is a strong validation of Airtel’s role in being a leading pioneer of India’s digital revolution. Our emerging digital services portfolio across Airtel IQ, AdTech, digital marketplace, Nxtra and digital banking positions us well to build an Airtel of the future.”

  • HUL Q4: Net profit up 41%; health, hygiene & nutrition portfolios drive growth

    HUL Q4: Net profit up 41%; health, hygiene & nutrition portfolios drive growth

    NEW DELHI: FMCG major Hindustan Unilever (HUL) reported a good set of numbers on all fronts for the quarter ending 31 March 2021. Beating market estimates by a significant margin, net profit surged 41 per cent to Rs 2,143 crore on the back of a solid 16 per cent volume growth.

    Revenue grew by 34.6 per cent year-on-year to Rs 12,132 crore during Q4. Domestic consumer growth was at 21 per cent.

    For the fiscal 2020-21, the consumer goods company said its consolidated net profit was at Rs 7,999 crore, as compared to Rs 6,756 crore in 2019-20, a growth of 18 per cent. Consolidated total income for FY21 was at Rs 47,438 crore, as against Rs 40,415 crore in FY20.

    Health, hygiene and nutrition, which makes up 80 per cent of business, grew in double-digits for the third consecutive quarter, while discretionary and out-of-home categories improved sequentially, the company said.

    Home care growth at 15 per cent was enabled by a strong recovery in fabric wash. Household care continued its strong performance delivering double-digit growth. Liquids and fabric sensations continued to outperform, benefitting from robust market development initiatives, stated HUL.

    “Our in-quarter performance was strong on both the top-line and bottom-line. Despite challenging times, in FY21 our business ecosystem has withstood the disruption and demonstrated agility and resilience across the value chain,” said HUL chairman & MD Sanjiv Mehta. “We have delivered on our multi stakeholder business model. Our purpose-led brands and capabilities were further strengthened during the year and this positions us well to serve our consumers during this turbulent period.”

    The company’s focus will firmly remain behind delivering volume led competitive growth, he added.

    Mehta went on to say that the recent surge in Covid cases is of serious concern and “ensuring safety and well-being of people remains our top priority”.

  • Maruti Suzuki Q4: Sales pick up but net profit declines 10.7%

    Maruti Suzuki Q4: Sales pick up but net profit declines 10.7%

    MUMBAI: Automobile manufacturer Maruti Suzuki India’s net profit tumbled 10.7 per cent to Rs 1,166 crore for the quarter ended 31 March 2021. This, despite sales soaring 33.6 per cent year-on-year to Rs 22,958.6 crore.

    The unexpected fall in the net profit of the company was the result of a steep decline in other income to Rs 89.8 crore from Rs 880 crore a year ago.

    According to an exchange filing, Maruti Suzuki’s revenue for the fourth quarter rose 26 per cent to Rs 24,113 crore, compared with the Rs 23,918-crore estimate. That’s the third straight quarter of an increase in top line for the company. EBITDA margin contracted to 13.1 per cent from 14 per cent. Earnings before interest, tax, depreciation and amortisation increased 15 per cent to Rs 3,161 crore.

    The company sold 4.92 lakh units in the reported quarter, up 28 per cent from the year earlier.

    Aided by higher sales and cost reduction efforts, the carmaker’s operating profit in the quarter surged 72.8 per cent year-on-year to Rs 1,250.1 crore during Q4. Its operating margin in the quarter rose 120 basis points on year to 5.4 per cent.

    The company’s year-on-year performance on the topline has been aided by the low base of the year ago quarter which was hit by the national lockdown to stem the pandemic. Lower promotion costs, cost reduction efforts and improved capacity utilisation aided the margin performance during the quarter, the auto company said.

    For the financial year, Maruti Suzuki’s net sales fell 7.2 per cent to Rs 66,562.1 crore, while net profit slumped 25 per cent to Rs 4,229.7 crore.

  • B.A.G Films post a consolidated loss of Rs 5.7 cr in Q3 of FY20

    B.A.G Films post a consolidated loss of Rs 5.7 cr in Q3 of FY20

    MUMBAI: As the top and bottom line of B.A.G Films slumped, the television broadcasting revenue of the media company dropped by 37 per cent in the third quarter of the financial year 2019-20.  

    The company reported a consolidated loss of Rs 5.72 crore in the third quarter of the financial year 2019-20 against the profit of Rs 9.33 cr in the same quarter of the last financial year.

    The consolidated revenue from operations of the media company has dropped by 45 per cent to Rs 25.79 crore in the Q3 FY20 against Rs 46.86 crore in the December-ended quarter of FY19.

    In terms of the segment, the television broadcasting revenue of the company fell by 37 per cent to 24.7 crore in Q3 FY20 as compared to Rs 39.48 crore in the December-ended quarter FY19.

    The company, in the nine-month period, posted a consolidated loss of Rs 8.92 crore as against the profit of 14.02 crore in the same period last financial year.

  • NDTV posts 55 per cent profit in Q3, best quarterly results in 7 years

    NDTV posts 55 per cent profit in Q3, best quarterly results in 7 years

    MUMBAI: New Delhi Television’s consolidated profit rose by 55 percent to Rs 11.3 in third quarter of the financial year of 2019-20 compared to Rs 7.3 crore in the corresponding quarter of the last financial year. The broadcaster posted best Q3 result in last seven years.

    The group’s television business shows a turnaround of Rs 16.82 crore over the preceding quarter, said the broadcaster in filing to Bombay Stock Exchange. “The television business declared a profit of Rs 6.66 crore, which is its best Q3 in more than a decade.”

    NDTV Convergence, the group’s digital company, posted 14th straight profitable quarter. NDTV Convergence being at the core of the group’s business operations, it remains a market leader in the online news space, the press statement said.

    NDTV’s profit for the current financial year so far marked a turnaround of Rs 17.86 crore over the corresponding period for the last year. Moreover, the operating expenses for the group continue to contract, down by Rs 8.5 crore over the same period last financial year.

    Meanwhile, NDTV Ltd’s profit increased by 49 per cent to Rs 6.7 crore in the third quarter of FY20 compared to Rs 4.5 crore in the same quarter of FY19. Whereas the revenue from operations of NDTV Ltd’s rose by 30.5 per cent to Rs 55 crore against Rs 42 crore in the corresponding quarter of FY19.

    Despite profit, the group’s total income fell 7.8 per cent to Rs 98.29 crore during the quarter under review compared to Rs 106.59 crore in the corresponding quarter a year ago. Meanwhile, the total expenses also slumped 10.52 per cent to Rs 85.03 crore against Rs 95.03 crore in the Q3 FY19.