Tag: Radio Mirchi

  • Times Network unveils second leg of Remonetise India campaign

    MUMBAI: Prime minister Narendra Modi would surely approve Ditto with the finance minister Arun Jaitley.

    The Times Network is getting into the second phase of its drive which seeks to give an impetus to the initiative by the two most powerful leaders in India to nudge Indians towards cashless transactions, digital money and paying taxes.

    Called – Remonetise India – Invest in the Nation (Help your Help), it follows the first leg Remonetise India – A Citizen’s Pledge. The second part of the campaign was flagged off with a TVC yesterday that will be promoted across the Times Network channels and additionally in 300+ multiplexes. It is being supported by a digital contest where viewers will be gratified with goodies to promote participation.

    The TVC will run almost 20-25 times each day on the Times Network’s channel bouquet. Ads will also appear in parent company Bennet Coleman & Co’s print publications and on sister firm ENIL’s Radio Mirchi stations nationally. These will continue across the Times media group until 31 March 2017, following which the pay taxes phase will commence.

    Says Times Network MD and CEO MK Anand: “At a time when the nation is attempting to leapfrog economically, we believe that regulation, infrastructure and technology are not enough to jumpstart socio-economic change. Behavioural and cultural transformation are as important, if not more. This is where a uniquely positioned media group like Times Network can help. Through the ‘Remonetise India’ campaign, we aim to focus on making changes in everyday behaviour of urban Indians so that the benefits of this disruptive reform (demonetisation) flow in the right manner. One of the pledges under Remonetise India is to help others around us to go digital and benefit from the new economy. The second phase of the campaign ‘Help your Help’ is a call to capable urban citizens to help and aid others in achieving financial inclusion.”

    The first phase included activities like Telethon, Go-Cashless Rally and Sahayata Camps. The telethon witnessed the participation of key influencers, policy makers and opinion leaders like Ministry of Commerce and Industry Minister for Commerce Nirmala Sitharaman, Niti Ayog CEO Amitabh Kant and Infosys founder Narayana Murthy who answered questions on the way forward for the remonetisation movement.

    Then B-town celebrities like Sonam and Anil Kapoor, R Madhavan, Shilpa Shetty, Sonu Sood and Manoj Bajpayee supported this initiative and came together to be the agents of change to help bring India’s economy back on track.

    Additionally, the network organized Sahayta Camps which were supported by actress Taapsee Pannu who encouraged people to get Pan Cards, Aadhaar Cards and open bank accounts (Jan Dhan Yojana Accounts) for the development of Digital India.

    Finally, the Go-Cashless rally took place to drive awareness about digital transactions and save cash for those who can’t do without cash.

    The Times Network will continue with these activities across India to take the movement forward in phase II and phase III as well.

    With a viewership base of around 4.5 crore English speaking Indians, it is likely to have an impact on those who are most likely to follow the new vision that Modi has set out for the nation.

    Publicis South Asia MD and CCO Bobby Pawar points out that the three-step campaign was conceived during a conversation that the agency and the Times Network team was having about the consequences of demonetization.

    “We saw that it was causing pain,” he says. “The media primarily focused on the immediate impact of demonetization. Because most of the transactions were in cash, businesses got affected, raises got affected, employment got affected and people started losing jobs. We kept saying that we have to be forward thinking about the change that is being attempted by the government. We started with seeding it on social and doing things on-ground and then taking it to mass media. One of the biggest challenges was apathy. To make people go beyond themselves was a tough task. Even if we move a few thousand people, it will be a big thing. This is a long term thing and will take a lot of efforts. Post us, other brands will also start talking about it.”

    Adds the TVC’s director Karthik Bhatt: “We have created a light hearted film in which we have highlighted that we want to make a small change which will benefit everyone in the long run, rather than the focusing on the big tidal change. We got the brief and I immediately went on a recce to the Sahatya camps to see what the situation really is. I saw people who did not have any PAN card or Aadhar card but were willing to have one. There were volunteers filling their forms. We have used references from what actually happened at the camp. 26 January was my first visit and we shot the film on 5 February. We had the film ready in 10 days times. We did not want to get to preachy; we just wanted to tell you to help them. If they want to be a part of the system, they need to understand the process and once that happens they will get regular.”

    Also Read :

    http://www.indiantelevision.com/television/tv-channels/news-broadcasting/unsponsored-remonetise-india-simulcast-on-all-times-channels-without-ads-170115

    http://www.indiantelevision.com/mam/media-and-advertising/ad-campaigns/taapsee-endorses-cashless-economy-campaign-170206

  • ENIL revenue up in third quarter of 2017

    BENGALURU: Indian private FM player Entertainment Network (India) Limited (ENIL), which runs the Mirchi brand radio network in India,  reported 4.9 percent increase in Total Income from Operations (TIO) for the quarter ended 31 December 2016 (Q3-17, current quarter). The company reported consolidated revenue of Rs 150.65 crore for the current quarter as compared to Rs 143.57 crore in the corresponding quarter of the previous fiscal. Quarter-on-quarter (q-o-q), revenue in Q3-17 also increased 16.2 percent from Rs 129.65 crore in Q2-17.

    The company’s consolidated profit after tax (PAT) in Q3-17 declined by 43.1 percent year-over-year (y-o-y) to Rs 16.42 crore (10.9 percent margin) as compared to Rs 28.86 crore (20.1 percent margin) and more than doubled (increased 2.18 times) q-o-q from Rs 8.05 crore (6.2 percent margin).

    Company Speak

    Commenting on the results, ENIL managing director and chief executive officer, Prashant Panday said, “We are poised on the cusp of a strong growth curve with the Love Network – 8 ‘Mirchi Love’ channels of our own and 3 ‘Ishq FM’ channels of TV Today – now fully operational. This network, along with the original ‘Mirchi’ network, now comprising 42 channels, offer advertisers the widest coverage across the country. With the government soon to announce the results of the second batch of auctions held recently, we will grow even bigger. These are exciting times!”

    Let us look at the other numbers reported by ENIL

    ENIL’s consolidated Earnings before Interest, Depreciation, Taxes and Amortisation (EBIDTA, operating profit) for Q3-17 declined 18.5 percent y-o-y to Rs 38.13 crore (25.3 percent margin)  from Rs 46.78 crore (32.6 percent margin) but increased 64.9 percent q-o-q from Rs 23.13 crore (26.6 percent margin) in the immediate trailing quarter.

    ENIL total expense (TE) in Q3-17 increased 20.5 percent y-o-y to Rs 127.26 crore (84.5 percent of TIO) from Rs 105.64 crore (73.6 percent of TIO), and increased 5.6 percent q-o-q from Rs 120.50 crore (92.9 percent of TIO).

    Programming and royalty expenses in the current quarter increased 43.6 percent y-o-y to Rs 6.85 crore (4.5 percent of TIO) from Rs 4.77 crore (3.3 percent of TIO and increased 13.7 percent q-o-q from Rs 6.03 crore (4.6 percent of TIO).

    License fee in Q3-17 increased 28.4 percent y-o-y to Rs 8.82 crore (5.9 percent of TIO) from Rs 6.87 crore (4.8 percent of TIO) and increased 6.1 percent q-o-q from Rs 8.31 crore (6.4 percent of TIO).

    Employee Benefit Expense (EBE) in Q3-17 at Rs 28.76 crore (19.1 percent of TIO) increased 13.9 percent y-o-y from Rs 25.5 crore (17.6 percent of TIO) and increased 7 percent q-o-q from Rs 26.86 crore (20.7 percent of TIO).

    Marketing expense in Q3-17 at Rs 33.95 crore (22.5 percent of TIO) increased 6.8 percent y-o-y from Rs 31.78 crore (22.1 percent of TIO) and increased 4.2 percent q-o-q from Rs 32.58 crore (25.1 percent of TIO).

    Other expenses in Q3-17 at Rs 34.14 crore (22.7 percent of TIO) increased 21.4 percent y-o-y from Rs 31.78 crore (19.6 percent of TIO) and increased 4.3 percent q-o-q from Rs 32.73 crore (25.3 percent of TIO).

    ENIL won 17 stations in Phase 3 auctions. The company launched three new radio channels during the quarter viz. Lucknow, Pune and Kanpur. ENIL says that it intends to start operations at three out of the remaining six Phase III radio channels before the end of the financial year 2016-17.

    Note: The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:
    (a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.
    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.

  • TV Today not selling 3 FM stations to ENIL; seeks MIB nod for migration

    TV Today not selling 3 FM stations to ENIL; seeks MIB nod for migration

    MUMBAI: TV Today Network shall not undertake the agreement, entered into with Entertainment Network (India) Limited, to sell three Metro FM Radio stations, as was earlier approved by the board in its meeting held on 13 November 2015, according to a BSE filing.

    TV Today had inked a deal to sell seven Oye FM radio stations to ENIL which operates Radio Mirchi. However, MIB did not approve sale of three stations and the matter went before the Delhi High Court.

    Such sale agreement was subject to the approval of the MIB or an order from the Delhi High Court allowing the sale of Metro Radio stations whichever is earlier.

    TV Today said it would now reorganise the radio business. The company would approach the Ministry of Information and Broadcasting to seek permission to migrate its radio business from phase II to phase III.

    “The committee of senior officials in their meeting held on 19 December, 2016 has approved the initiation of procedural modalities w.r.t proposal of migrating its radio business from phase II to the FM radio phase III, that would enable the company from reorganisation of its radio business,” TV Today said in a BSE filing.

    “The migration fee will involve a total net capital expenditure of Rs 71.36 crore excluding other charges/interest and will be completed within three months,” it added.

  • TV Today not selling 3 FM stations to ENIL; seeks MIB nod for migration

    TV Today not selling 3 FM stations to ENIL; seeks MIB nod for migration

    MUMBAI: TV Today Network shall not undertake the agreement, entered into with Entertainment Network (India) Limited, to sell three Metro FM Radio stations, as was earlier approved by the board in its meeting held on 13 November 2015, according to a BSE filing.

    TV Today had inked a deal to sell seven Oye FM radio stations to ENIL which operates Radio Mirchi. However, MIB did not approve sale of three stations and the matter went before the Delhi High Court.

    Such sale agreement was subject to the approval of the MIB or an order from the Delhi High Court allowing the sale of Metro Radio stations whichever is earlier.

    TV Today said it would now reorganise the radio business. The company would approach the Ministry of Information and Broadcasting to seek permission to migrate its radio business from phase II to phase III.

    “The committee of senior officials in their meeting held on 19 December, 2016 has approved the initiation of procedural modalities w.r.t proposal of migrating its radio business from phase II to the FM radio phase III, that would enable the company from reorganisation of its radio business,” TV Today said in a BSE filing.

    “The migration fee will involve a total net capital expenditure of Rs 71.36 crore excluding other charges/interest and will be completed within three months,” it added.

  • Sansui unveils #WalkTheRedCarpet contest ahead of Stardust Awards

    Sansui unveils #WalkTheRedCarpet contest ahead of Stardust Awards

    MUMBAI: Sansui has announced a contest for all the movie buffs ahead of this year’s Sansui Colors Stardust Awards. Called #WalkTheRedCarpet, the winners will get an opportunity to walk the red carpet at the awards night with their favorite celebrity. The contest which would run on Facebook and Twitter pages of Sansui will end on 12 December.

    Spread over six days, the contest will have three different challenges, which will run for two days each.

    One of the contests would be to create/add Sansui in a song where the participants will be asked to frame a song using some of the keywords such as Sansui, Japanese, Entertainment, Curve, 4K etc. The second level will be dialogues from famous scene. Entries will be given images of a blockbuster dialogue and will be asked to record and share their videos of the same. In dress up like your favorite celebrity, fans will be asked to dress up and pose like their favorite celebrities. The one who gets the closet resemblance to a celebrity stands a chance to win.

    The best entries will be chosen on the basis of the quality of content and winners will be invited to walk the Red Carpet.

    “Sansui Colors Stardust Awards is one of the most prestigious award ceremony in Bollywood. We look forward to run this contest in line with our association with the awards. We believe that this is the best way we can bring the fans meet their favorite celebrities and interact with them,” said Sansui COO Amitabh Tiwari.

    Another contest on similar lines has been planned on radio to engage with a larger set of audience. Partnered with Radio Mirchi, the contest will run across the country over 39 stations and few luck winners will stand a chance to walk the red carpet.

    Customers who have recently purchased Sansui LED TV can send a simple SMS with the serial number behind the product to 53030 to participate in the contest. Here the winners will be chosen through a lucky draw.

  • Sansui unveils #WalkTheRedCarpet contest ahead of Stardust Awards

    Sansui unveils #WalkTheRedCarpet contest ahead of Stardust Awards

    MUMBAI: Sansui has announced a contest for all the movie buffs ahead of this year’s Sansui Colors Stardust Awards. Called #WalkTheRedCarpet, the winners will get an opportunity to walk the red carpet at the awards night with their favorite celebrity. The contest which would run on Facebook and Twitter pages of Sansui will end on 12 December.

    Spread over six days, the contest will have three different challenges, which will run for two days each.

    One of the contests would be to create/add Sansui in a song where the participants will be asked to frame a song using some of the keywords such as Sansui, Japanese, Entertainment, Curve, 4K etc. The second level will be dialogues from famous scene. Entries will be given images of a blockbuster dialogue and will be asked to record and share their videos of the same. In dress up like your favorite celebrity, fans will be asked to dress up and pose like their favorite celebrities. The one who gets the closet resemblance to a celebrity stands a chance to win.

    The best entries will be chosen on the basis of the quality of content and winners will be invited to walk the Red Carpet.

    “Sansui Colors Stardust Awards is one of the most prestigious award ceremony in Bollywood. We look forward to run this contest in line with our association with the awards. We believe that this is the best way we can bring the fans meet their favorite celebrities and interact with them,” said Sansui COO Amitabh Tiwari.

    Another contest on similar lines has been planned on radio to engage with a larger set of audience. Partnered with Radio Mirchi, the contest will run across the country over 39 stations and few luck winners will stand a chance to walk the red carpet.

    Customers who have recently purchased Sansui LED TV can send a simple SMS with the serial number behind the product to 53030 to participate in the contest. Here the winners will be chosen through a lucky draw.

  • FM Radio revenues witness seasonal slump in Q4-16, Q1-17

    FM Radio revenues witness seasonal slump in Q4-16, Q1-17

    BENGALURU: Generally the Indian private FM industry witnesses a quarter-over-quarter (q-o-q) advertisement (ad) revenue slump in the first quarter of every year (Q1, quarter ended 30 June), which may sometimes carry over to the second quarter (Q2, quarter ended 30 September) of the fiscal. Since fiscal 2014, the industry has also seen fourth quarter (Q4, quarter ended 31 March) revenue slumps. Continuing the trend, private FM in India has seen a drop in revenue for quarters ended 31 March 2016 (Q4-16) and 30 June 2016 (Q1-17). As mentioned above trend was noticed Q4-14 and Q1-15 onwards, when the country held general elections and political parties used this so very local medium to garner votes.

    As per data released by the Telecom Regulatory Authority of India (TRAI), for Q1-17, 244 radio stations had consolidated ad revenues of Rs 468.08 crore, down 9.81 percent q-o-q as compared to the Rs 514.75 crore reported by 242 stations in Q4-16. The last quarter of the previous fiscal also saw ad revenue decline of 4.35 percent from Rs 533.70 crore reported for its immediate quarter that ended on 31 December 2015 (Q3-15).

    Please refer to Figure A below for FM Radio Ad Revenue over a five year plus period spanning a 21 quarter period starting with the quarter ended 30 June 2011 (Q1-12) until the quarter ended 30 September 2016 (Q1-17) as per TRAI data. The amounts are in Rs crore and rounded off to the nearest decimal place.

    public://f1.jpg

    As is obvious from the red dots on the chartabove, Q1-12, Q1-13, Q1-14, Q1-15, Q1-16 and Q1-17 have all seen q-o-q revenue drops, as have Q4-14, Q4-15 and as mentioned above- Q4-16.

    Figure B below shows the q-o-q and year-over-year FM Radio Ad revenue trends. Generally y-o-y, revenues have been higher across all quarters in the period under consideration in this report, except for Q3-12 that saw a y-o-y ad revenue decline. For Q3-11, TRAI Indicator Reports mentioned ad revenue of Rs 284.88 crore from 227 radio stations or an average revenue of Rs 1.25 crore per station, as compared to ad revenue per station of Rs 1.20 crore for Q3-12.

    public://f2.jpg

    Conclusion

    Overall, despite the year-end andnew fiscal drops, ad revenues as well as ad revenues per station show a linear increasing trend as more and more advertisers have begun to understand the value proposition this very local medium with a pan-India footprint can offer. Further, the third quarter of the fiscal (Q3, quarter ended 31 December) is also the festival quarter of the year in India – a sweet quarter as far as the radio industry is concerned. The industry should see revenues rising in Q3-17.

     A few of the companies such as JagranPrakashan that has large networks like Radio City and Entertainment Network India Limited (ENIL) which has the Radio Mirchi network in the country have already started operations of the new stations that they obtained in the FM Phase 3 auctions. The revenue of the new stations acquired in phase 3 auctions by other players such as Reliance Broadcast Network Limited (RBNL, Big FM) and HT Media Limited (Hindustan Times fame, Fever FM) if/once they start operations this fiscal, the radio industry should report substantial revenue increases. Profitability may take a hit initially, but over time that too is bound to change for the better.

    Results for the quarter ended 30 September 2016 of companies whose financials are within the public domain can at the most be termed a mixed bag. While ENIL has reported a growth in revenue, its profit after tax – both on a y-o-y and a q-o-q basis have been hit with a70.3 percent y-o-y decline and a51.7 percent q-o-q decline.

    ENIL won 17 stations in Phase 3 auctions and has launched 4 new stations in Q2-17 – at Chandigarh, Ahmedabad, Surat and Jaipur. Earlier the company had launched Bengaluru, Guwahati, Hyderabad and Kochi stations. Bengaluru wasRadio Mirchi’s first launch in the second frequencies network.

    However, ENIL managing director and CEO Prashant Panday is upbeat. In ENIL’s Q2-17 results press release he said, “We have stepped up marketing spends and early research indicates that we have made a strong start and in fact have become leaders in key markets. I am confident this will translate into a stronger business in the years ahead!”

    Note:The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR).The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:

    (a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.

    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.

     

  • FM Radio revenues witness seasonal slump in Q4-16, Q1-17

    FM Radio revenues witness seasonal slump in Q4-16, Q1-17

    BENGALURU: Generally the Indian private FM industry witnesses a quarter-over-quarter (q-o-q) advertisement (ad) revenue slump in the first quarter of every year (Q1, quarter ended 30 June), which may sometimes carry over to the second quarter (Q2, quarter ended 30 September) of the fiscal. Since fiscal 2014, the industry has also seen fourth quarter (Q4, quarter ended 31 March) revenue slumps. Continuing the trend, private FM in India has seen a drop in revenue for quarters ended 31 March 2016 (Q4-16) and 30 June 2016 (Q1-17). As mentioned above trend was noticed Q4-14 and Q1-15 onwards, when the country held general elections and political parties used this so very local medium to garner votes.

    As per data released by the Telecom Regulatory Authority of India (TRAI), for Q1-17, 244 radio stations had consolidated ad revenues of Rs 468.08 crore, down 9.81 percent q-o-q as compared to the Rs 514.75 crore reported by 242 stations in Q4-16. The last quarter of the previous fiscal also saw ad revenue decline of 4.35 percent from Rs 533.70 crore reported for its immediate quarter that ended on 31 December 2015 (Q3-15).

    Please refer to Figure A below for FM Radio Ad Revenue over a five year plus period spanning a 21 quarter period starting with the quarter ended 30 June 2011 (Q1-12) until the quarter ended 30 September 2016 (Q1-17) as per TRAI data. The amounts are in Rs crore and rounded off to the nearest decimal place.

    public://f1.jpg

    As is obvious from the red dots on the chartabove, Q1-12, Q1-13, Q1-14, Q1-15, Q1-16 and Q1-17 have all seen q-o-q revenue drops, as have Q4-14, Q4-15 and as mentioned above- Q4-16.

    Figure B below shows the q-o-q and year-over-year FM Radio Ad revenue trends. Generally y-o-y, revenues have been higher across all quarters in the period under consideration in this report, except for Q3-12 that saw a y-o-y ad revenue decline. For Q3-11, TRAI Indicator Reports mentioned ad revenue of Rs 284.88 crore from 227 radio stations or an average revenue of Rs 1.25 crore per station, as compared to ad revenue per station of Rs 1.20 crore for Q3-12.

    public://f2.jpg

    Conclusion

    Overall, despite the year-end andnew fiscal drops, ad revenues as well as ad revenues per station show a linear increasing trend as more and more advertisers have begun to understand the value proposition this very local medium with a pan-India footprint can offer. Further, the third quarter of the fiscal (Q3, quarter ended 31 December) is also the festival quarter of the year in India – a sweet quarter as far as the radio industry is concerned. The industry should see revenues rising in Q3-17.

     A few of the companies such as JagranPrakashan that has large networks like Radio City and Entertainment Network India Limited (ENIL) which has the Radio Mirchi network in the country have already started operations of the new stations that they obtained in the FM Phase 3 auctions. The revenue of the new stations acquired in phase 3 auctions by other players such as Reliance Broadcast Network Limited (RBNL, Big FM) and HT Media Limited (Hindustan Times fame, Fever FM) if/once they start operations this fiscal, the radio industry should report substantial revenue increases. Profitability may take a hit initially, but over time that too is bound to change for the better.

    Results for the quarter ended 30 September 2016 of companies whose financials are within the public domain can at the most be termed a mixed bag. While ENIL has reported a growth in revenue, its profit after tax – both on a y-o-y and a q-o-q basis have been hit with a70.3 percent y-o-y decline and a51.7 percent q-o-q decline.

    ENIL won 17 stations in Phase 3 auctions and has launched 4 new stations in Q2-17 – at Chandigarh, Ahmedabad, Surat and Jaipur. Earlier the company had launched Bengaluru, Guwahati, Hyderabad and Kochi stations. Bengaluru wasRadio Mirchi’s first launch in the second frequencies network.

    However, ENIL managing director and CEO Prashant Panday is upbeat. In ENIL’s Q2-17 results press release he said, “We have stepped up marketing spends and early research indicates that we have made a strong start and in fact have become leaders in key markets. I am confident this will translate into a stronger business in the years ahead!”

    Note:The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR).The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:

    (a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.

    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.

     

  • Q2-17: TV Today Network topline up

    Q2-17: TV Today Network topline up

    BENGALURU: TV Today Network Limited (TVTN) reported 5.1 per cent increase in standalone revenue (TIO) for the quarter ended 30 September 2016 (Q2-17, current quarter) as compared to the corresponding quarter of the previous year (Q2-16). Standalone profit after tax (PAT) however declined 4.1 per cent in the current quarter as compared to Q2-16. TVYN reported TIO and PAT of Rs 132.27 crore and Rs 22.57 crore (17.1 per cent margin) in Q2-17 as compared to Rs 125.81 crore and Rs 23.52 crore (18.7 per cent margin) respectively.

    EBIDTA for the current quarter declined 2.4 per cent to Rs 36.92 crore (27.9 per cent margin) as compared to the Rs 37.83 crore (30.1 per cent margin) in the corresponding year ago quarter.

    Segment results

    The company has two main segments – Television broadcasting (TV) and Radio broadcasting (Radio) – it currently three runs radio stations under the brand Oye FM 104.8 at New Delhi, Mumbai and Kolkata. The company has been partially successful in selling off a few of its radio stations to Entertainment Network India Limited (ENIL, Radio Mirchi) and has also recently signed on ENIL on to hawk ads for its three remaining stations. Probably, the results of this association will start showing over the next few quarters.

    TVTN’s TV segment reported 6.3 per cent year-over-year (y-o-y) growth in operating revenue to Rs 130.93 crore in Q2-17 as compared to Rs 123.20 crore in Q2-16. The segment reported 7.8 per cent lower operating profit of Rs 33.76 crore in the current quarter as compared to Rs 36.64 crore in the corresponding year ago quarter.

    TVTN’s Radio segment reported 48.8 per cent decline in operating revenue at Rs 1.34 crore in Q2-17 as compared to Rs 2.61 crore in the corresponding year ago quarter. The segment reported a lower operating loss of Rs 3.15 crore in the current quarter as compared to an operating loss of Rs 5.51 crore in Q2-16.

    Let us look at the other numbers reported for Q2-17

    Total expenditure in the current quarter increased 7.3 per cent to Rs 102.65 crore (77.6 per cent of TIO) as compared to Rs 95.68 crore (76.1 per cent of TIO) in Q2-16.

    Production cost reduced 3.3 per cent y-o-y in Q2-17 to Rs 13.31 crore (10.1 per cent of TIO) as compared to Rs 13.62 crore (10.8 per cent of TIO) in Q2-16. Employee Benefit Expense in the current quarter increased 3.9 per cent y-o-y to Rs 34.46 crore (26 per cent of TIO) as compared to Rs 33/18 crore (26.4 per cent of TIO).

    Advertisement expense in Q2-17 increased 3.16 per cent to Rs 30.97 crore (23.4 per cent of TIO) from Rs 23.53 crore (18.7 per cent of TIO) in Q2-16.

    Note: The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:
    (a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.
    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.

  • Q2-17: TV Today Network topline up

    Q2-17: TV Today Network topline up

    BENGALURU: TV Today Network Limited (TVTN) reported 5.1 per cent increase in standalone revenue (TIO) for the quarter ended 30 September 2016 (Q2-17, current quarter) as compared to the corresponding quarter of the previous year (Q2-16). Standalone profit after tax (PAT) however declined 4.1 per cent in the current quarter as compared to Q2-16. TVYN reported TIO and PAT of Rs 132.27 crore and Rs 22.57 crore (17.1 per cent margin) in Q2-17 as compared to Rs 125.81 crore and Rs 23.52 crore (18.7 per cent margin) respectively.

    EBIDTA for the current quarter declined 2.4 per cent to Rs 36.92 crore (27.9 per cent margin) as compared to the Rs 37.83 crore (30.1 per cent margin) in the corresponding year ago quarter.

    Segment results

    The company has two main segments – Television broadcasting (TV) and Radio broadcasting (Radio) – it currently three runs radio stations under the brand Oye FM 104.8 at New Delhi, Mumbai and Kolkata. The company has been partially successful in selling off a few of its radio stations to Entertainment Network India Limited (ENIL, Radio Mirchi) and has also recently signed on ENIL on to hawk ads for its three remaining stations. Probably, the results of this association will start showing over the next few quarters.

    TVTN’s TV segment reported 6.3 per cent year-over-year (y-o-y) growth in operating revenue to Rs 130.93 crore in Q2-17 as compared to Rs 123.20 crore in Q2-16. The segment reported 7.8 per cent lower operating profit of Rs 33.76 crore in the current quarter as compared to Rs 36.64 crore in the corresponding year ago quarter.

    TVTN’s Radio segment reported 48.8 per cent decline in operating revenue at Rs 1.34 crore in Q2-17 as compared to Rs 2.61 crore in the corresponding year ago quarter. The segment reported a lower operating loss of Rs 3.15 crore in the current quarter as compared to an operating loss of Rs 5.51 crore in Q2-16.

    Let us look at the other numbers reported for Q2-17

    Total expenditure in the current quarter increased 7.3 per cent to Rs 102.65 crore (77.6 per cent of TIO) as compared to Rs 95.68 crore (76.1 per cent of TIO) in Q2-16.

    Production cost reduced 3.3 per cent y-o-y in Q2-17 to Rs 13.31 crore (10.1 per cent of TIO) as compared to Rs 13.62 crore (10.8 per cent of TIO) in Q2-16. Employee Benefit Expense in the current quarter increased 3.9 per cent y-o-y to Rs 34.46 crore (26 per cent of TIO) as compared to Rs 33/18 crore (26.4 per cent of TIO).

    Advertisement expense in Q2-17 increased 3.16 per cent to Rs 30.97 crore (23.4 per cent of TIO) from Rs 23.53 crore (18.7 per cent of TIO) in Q2-16.

    Note: The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:
    (a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.
    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.