ITV

Tag: Raj Television Network Limited

  • Raj TV reports flat q-o-q revenue for Q2-2013; 26 per cent lower q-o-q PAT

    Raj TV reports flat q-o-q revenue for Q2-2013; 26 per cent lower q-o-q PAT

    BENGALURU: Television network Raj Television Network Limited (Raj TV) reported almost flat revenue for Q2-2014 at Rs18.35 crore as compared to the Rs18.29 crore reported for Q1-2014. Y-o-y revenue was however higher by 12.3 per cent (about Rs 2.01 crore higher) than the Rs 16.34 crore for Q2-2013.

    Raj TV’s PAT for Q2-2014 at Rs 3.46 crore was about 26 per cent lower than the Rs 4.67 crore for Q1-2014, but 50 per cent higher than the Rs 2.31 crore y-o-y (Q2-2013).

     

    Despite a 23 per cent lower cost of revenues at Rs 5.18 crore for Q2-2014 as compared to the Rs 6.75 crore for Q1-2014 and lower by almost a third (32 per cent) cost of revenue for Q2-2013 at Rs 7.58 crore, higher employee benefits, higher depreciation and amortisation expense and elevated administrative expenses have increased the total expense by about two per cent to Rs 13.09 crore as compared to the Rs 12.85 crore for Q1-2013.  Raj TV’s total expense at Rs 13.55 crore for Q2-2013 was higher by 3.3 per cent as compared to Q2-2014.

     

    Administrative cost at Rs 3.06 crore for Q2-2014 was a whopping 13.5 per cent more than the Rs 2.69 crore for Q1-2014 and almost 26 per cent more than the Rs 2.43 crore for Q2-2013.

     

    Further, the network paid almost 17 per cent higher finance cost at Rs 97.15 lakh (Rs 0.9715 crore) as compared to the Rs 83.34 lakh (Rs 0.8334 crore) for Q1-2014 and almost 28 per cent higher finance cost than the Rs 76.02 lakh (Rs 0.7602 crore) for Q2-2013.

  • Q1-2014 results of Raj TV show PAT growth of 45.3 per cent over Q1-2013

    Q1-2014 results of Raj TV show PAT growth of 45.3 per cent over Q1-2013

    BENGALURU: Unaudited Q1-2014 results for Raj Television Network Limited (Raj TV) showed a 45.3 per cent growth in PAT to Rs 466.57 lakh as compared to the PAT of Rs 321.16 lakh in Q1-2013. Raj TV had reported a meager PAT of Rs 53.28 lakh for Q4-2013 and a PAT of Rs 928.63 lakh during FY-2013.

    Let us take a look at Raj TV‘s Q1-2014 results

    Increase in income from operations, reduction of expense towards employee benefits and lowered finance costs (as compared to Q4-2013) during Q1-2014 seem to be the major contributors to Raj TV‘s increase in PAT numbers for the quarter (Q1-2014).

    Raj TV reported income from operations for Q1-2014 at Rs 1829.23 lakh, a growth of 12.5 per cent over Q1-2013 income from operations of Rs 1626.52 lakh and 4.7 per cent more than the Rs 1746.87 lakh reported for Q4-2013.

    Expenses for employee benefits for Q1-2014 at Rs 238.33 lakh were lower by 9.1 per cent as compared to the Rs 262.21 lakh reported for Q1-2013 and substantially lower by 29.1 per cent as compared to the Rs 336.18 lakh expenses towards employee benefits reported for Q4-2013.

    Finance costs for Q1-2014 at Rs 83.34 lakh, though higher by 28.22 per cent as compared to the Rs 65 lakh for Q1-2013 were substantially lower by 44.85 per cent when compared to the Rs 151.12 lakh the company paid in Q4-2013, despite an increase in borrowings in Q1-2014 as compared to the figures reported by the company during FY-2013.

    Raj TV‘s long term borrowings at Rs 1037.1 lakh increased by 16.2 per cent as compared to the long term borrowings of Rs 892.85 lakh for FY-2013, its short term borrowings also increased by 7.9 per cent to Rs 1490.8 lakh for Q1-2014 from Rs 1382.21 lakh during FY-2013. Its trade payables also increased substantially by 32.1 per cent to Rs 460.19 lakh from the Rs 348.39 lakh for FY-2013.

    At the same time, Raj TV‘s trade receivables for Q1-2014 went up by Rs 346.09 lakh to Rs 4625.95 lakh, and were 8.1 per cent more than the trade receivables of Rs 4279.86 lakh for FY-2013.

    Overall, the total expenses for Q1-2014 at Rs 1285.03 lakh were seven per cent higher than the Rs 1201.39 lakh in Q1-2013 and 15.61 per cent lower than the Rs 1521.8 lakh reported for Q4-2013.

  • Q1-2014 results of Raj TV show PAT growth of 45.3 per cent over Q1-2013

    Q1-2014 results of Raj TV show PAT growth of 45.3 per cent over Q1-2013

    BENGALURU: Unaudited Q1-2014 results for Raj Television Network Limited (Raj TV) showed a 45.3 per cent growth in PAT to Rs 466.57 lakh as compared to the PAT of Rs 321.16 lakh in Q1-2013. Raj TV had reported a meager PAT of Rs 53.28 lakh for Q4-2013 and a PAT of Rs 928.63 lakh during FY-2013.

     

    Let us take a look at Raj TV’s Q1-2014 results

     

    Increase in income from operations, reduction of expense towards employee benefits and lowered finance costs (as compared to Q4-2013) during Q1-2014 seem to be the major contributors to Raj TV’s increase in PAT numbers for the quarter (Q1-2014).

     

    Raj TV reported income from operations for Q1-2014 at Rs 1829.23 lakh, a growth of 12.5 per cent over Q1-2013 income from operations of Rs 1626.52 lakh and 4.7 per cent more than the Rs 1746.87 lakh reported for Q4-2013.

     

    Expenses for employee benefits for Q1-2014 at Rs 238.33 lakh were lower by 9.1 per cent as compared to the Rs 262.21 lakh reported for Q1-2013 and substantially lower by 29.1 per cent as compared to the Rs 336.18 lakh expenses towards employee benefits reported for Q4-2013.

     

    Finance costs for Q1-2014 at Rs 83.34 lakh, though higher by 28.22 per cent as compared to the Rs 65 lakh for Q1-2013 were substantially lower by 44.85 per cent when compared to the Rs 151.12 lakh the company paid in Q4-2013, despite an increase in borrowings in Q1-2014 as compared to the figures reported by the company during FY-2013.

     

    Raj TV’s long term borrowings at Rs 1037.1 lakh increased by 16.2 per cent as compared to the long term borrowings of Rs 892.85 lakh for FY-2013, its short term borrowings also increased by 7.9 per cent to Rs 1490.8 lakh for Q1-2014 from Rs 1382.21 lakh during FY-2013. Its trade payables also increased substantially by 32.1 per cent to Rs 460.19 lakh from the Rs 348.39 lakh for FY-2013.

     

    At the same time, Raj TV’s trade receivables for Q1-2014 went up by Rs 346.09 lakh to Rs 4625.95 lakh, and were 8.1 per cent more than the trade receivables of Rs 4279.86 lakh for FY-2013.

     

    Overall, the total expenses for Q1-2014 at Rs 1285.03 lakh were seven per cent higher than the Rs 1201.39 lakh in Q1-2013 and 15.61 per cent lower than the Rs 1521.8 lakh reported for Q4-2013.

  • Raj Television Network Limited IPO opens on February 14

    MUMBAI: Raj Television Network Limited (the “Company”), a regional broadcaster and media company, is entering the capital markets with an initial public offering (“IPO”) of 35,68,250 equity shares of face value of Rs 10, for cash, at a premium to be decided through a 100 per cent book-building process (the “Issue”). The price band for the Issue has been fixed between Rs 221 and Rs 257 per equity share. The Issue opens on February 14, 2007, and closes for subscription on February 23, 2007. The equity shares of the Company are proposed to be listed on the Bombay Stock Exchange (“BSE”) and the National Stock Exchange (“NSE”).

     

    Of the total 35, 68,250 equity shares, the Employee Reservation Portion is 3, 24,384 equity shares, the Net Offer to the Public is 32,43,866 equity shares. The Issue is being made through a 100% Book Building Process wherein not more than 50% of the Net offer to the public shall be allocated on proportionate basis to Qualified Institutional Buyers (including 5% for Mutual Funds). Further, not less than 15% of the Net offer to the public shall be available for allocation on a proportionate basis to Non Institutional Bidders and not less than 35% of the Net offer to the public shall be available for allocation on a proportionate basis to Retail Bidders, subject to valid bids being received at or above the Issue price. Upon completion of the Issue, the Promoter / Promoter Group will own 72.50% of the post-Issue equity share capital.

     

    The objects of the Public Issue are to: strengthen production facilities; enhance content and content acquisition; launch a new youth-centric television channel; broadcast existing channels in the international market; produce short-films/ telefilms; acquire and export films in the international market; and, construct new studio premises.

     

    The Company posted a Total Income of Rs 3,195.98 lakh as of the financial year ended March 31, 2006, as compared to Rs 2,964.42 lakh for the financial year ended March 31, 2005. The Total Income was Rs 2,950.18 lakh for the period ended December 31, 2006. The Net Profit (restated) for fiscal 2006 was Rs 381.56 lakh (restated) as compared to Rs 297.75 lakh for fiscal 2005. The Net Profit (restated) for the period ended December 31, 2006, was Rs 986.74 lakh.