ITV

Tag: Raj TV

  • Higher Operation costs pull down Raj TV Q2-2015 PAT to one fourth of Q1-2015

    Higher Operation costs pull down Raj TV Q2-2015 PAT to one fourth of Q1-2015

    BENGALURU: South Indian television network Raj TV Limited (Raj TV) reported PAT of Rs 0.755 crore (3.8 per cent of Total income from operations or TIO) in Q2-2015, which was a little more than one fourth (1/3.9 times) the Rs 2.922 crore (15.3 per cent of TIO) in Q1-2015 and a little more than one fifth (1/4.6 times) the Rs 3.46 crore (18.9 per cent of TIO) in Q2-2014.

     

    For HY-2015, PAT was less than half (0.42 times) at Rs 3.43 crore (8.7 per cent of TIO) versus Rs 8.13 crore (22.2 per cent of TIO) in HY-2014.

     

    Note: 100,00,000 = 100 Lakh = 10 million = 1 crore.

     

    The company’s operations cost (cost of revenue or COR) in Q2-2015 at Rs 8.65 crore (43.1 per cent of TIO) was 39 per cent more than the Rs 6.22 crore (32.6 per cent of TIO) in Q1-2015 and 66.9 per cent more than the Rs 5.18 crore (28.2 per cent of TIO) in the corresponding quarter of last year.  COR for HY-2015 was reported at Rs 14.87 crore (38 per cent of TIO), 24.6 per cent more than the Rs 11.93 crore (32.6 per cent of TIO) in HY-2014.

     

    An 83 per cent hike in the company’s Employee Benefit Expense (EBE) also contributed to the lower HY-2015 results. Increase in COR and EBE were the major contributors to the higher Total Expenditure in Q2-2015 and HY-2015.

     

    Let us look at the other Q2-2015 results by Raj TV

     

    TIO for the company in Q2-2014 was up 5 per cent at Rs 20.08 crore as compared to the Rs 19.11 crore in Q1-2015 and 9.4 per cent more than the Rs 18.35 crore in Q2-2014. For HY-2015, Raj TV reported 7 per cent higher TIO of Rs 39.19 crore versus Rs 33.64 crore in HY-2014.

     

    Raj TV’s Total Expenditure (TE) in Q2-2015 at Rs 17.61 crore (87.7 per cent of TIO) was 19 per cent more than the Rs 14.8 crore (77.4 per cent of TIO) in Q1-2015 and 34.6 per cent more than the Rs 13.09 crore (71.3 per cent of TIO) in Q2-2014. For HY-2015, the company’s TE was reported at Rs 32.41 crore (82.7 per cent of TIO) was 25 per cent more than the Rs 25.94 crore (70.8 per cent of TIO) in HY-2014.

     

    Raj TV’s administrative and other expense (A&OE) in Q2-2015 at Rs 2.83 crore (14.1 per cent if TIO) was 11.3 per cent more than the Rs 2.54 crore (13.3 per cent of TIO) but 7.6 per cent lower than the Rs 3.06 crore (16.7 per cent of TIO) in Q2-2014. A&OE for HY-2015 at Rs 5.37 crore (13.7 per cent of TIO) was 6.7 per cent lower than the Rs 5.75 crore (15.7 per cent of TIO) in HY-2014.

     

    EBE in Q2-2015 at Rs 5.52 crore (27.5 per cent of TIO) was 1.7 per cent more than the Rs 5.43 crore (28.4 per cent of TIO) in the immediate trailing quarter and 53.4 per cent more than the Rs 3.6 crore (19.6 per cent of TIO) in the corresponding quarter of 2014. As mentioned above, EBE for HY-2015 at Rs 10.95 crore (27.9 per cent of TIO) was almost double (up 83 per cent) the Rs 5.98 crore (16.3 per cent) in HY-2014.

     

    The company’s finance costs have gone up y-o-y. For Q2-2015, finance cost at Rs 1.4406 crore (7.2 per cent of TIO) was almost flat (down 0.4 per cent) as compared to the Rs 1.4471 crore (7.6 per cent of TIO) in Q1-2015, but 48.3 per cent more than the Rs 0.9715 crore (5.3 per cent of TIO) in Q2-2014. In HY-2015, finance cost at Rs 2.89 crore (7.4 per cent of TIO) was 60 per cent more than the Rs 1.8 crore (4.9 per cent of TIO) in HY-2014.

     

    Click here for unaudited financial results

  • Q1-2015: Raj TV q-o-q PAT almost triples

    Q1-2015: Raj TV q-o-q PAT almost triples

    BENGALURU: South Indian television network Raj TV announced Q1-2015 PAT of Rs 2.92 crore (15.3 per cent of Total Income from Operations or TIO), almost triple (2.9 times) the Rs 1 crore (5.6 per cent of TIO) in the immediate trailing quarter, but 37.4 per cent less than the Rs 4.67 crore (25.5 per cent of TIO) in the year ago quarter Q1-2014.

     

    Note: (1) Rs 100 lakh = Rs100,00,000 = Rs 1 crore = Rs 10 million.

     

    (2) The figures mentioned in this report are standalone figures.

     

    The company’s Q1-2015 TIO at Rs 19.11 crore was 6.7 per cent more than the Rs 17.91 crore in Q4-2014 and 4.5 per cent more than the Rs 18.29 crore in Q1-2014.

     

    Let us look at the other numbers reported for Q1-2015 by Raj TV

     

    Raj TV’s total expense in Q1-2015 at Rs 14.8 crore (77.7 per cent of TIO) was 4.2 per cent lower than the Rs 15.45 crore (86.3 per cent of TIO) in Q4-2014 and 15.3 per cent more than the Rs 12.84 crore (70.2 per cent of TIO) in Q1-2014.

     

    Cost of revenue is the largest expense head in the case of Raj TV. For Q1-2015, the company’s cost of revenue was at Rs 6.22 crore (32.6 per cent of TIO) that was 11.8 per cent more than the Rs 5.57 crore (31.1 per cent of TIO) in Q4-2014 and was 7.8 per cent lower than the Rs 6.75 crore (36.9 per cent of TIO) in Q1-2014.

     

    Another major expense head for Raj TV is employee benefit expense (EBE). The company reported Q1-2015 EBE at Rs 5.43 crore (28.4 per cent of TIO), which was 14.5 per cent more than the Rs 4.74 crore (26.5 per cent of TIO) in Q4-2014 and more than double (2.28 times) the Rs 2.38 crore (13.3 per cent of TIO) in Q1-2014.

     

    Raj TV’s administration expense in Q1-2015 at Rs 2.54 crore (13.3 per cent of TIO) was 42.3 per cent lower than the Rs 4.41 crore (24.6 per cent of TIO) in Q4-2014 and 5.4 per cent less than the Rs 2.69 crore (14.7 per cent of TIO) in Q1-2014.

     

    For FY-2014, Raj TV’s board had recommended a final dividend of 5 per cent or Rs.0.25 per equity share of face value of Rs.5 each, in addition to the earlier interim dividend of 5 per cent or Rs.0.50 per equity share on the earlier face value of Rs.10 before the split and issue of bonus shares during FY-2014. The company had issued bonus shares in the ratio of 1:1 after the earlier interim dividend in FY-2014.

     

    Besides GEC’s in Tamil and Telugu, the network has music and news channels in Tamil, Telugu, Kannada and Malayalam, a movie channel in Tamil and a Hindi entertainment channel.

  • Q4-2014: Raj TV board recommends 5 per cent final dividend for FY-2014

    Q4-2014: Raj TV board recommends 5 per cent final dividend for FY-2014

    Updated: 03:58 PM

     

    BENGALURU: The shareholders of Raj Television Network (Raj TV) have further reason to cheer. The board has recommended a final dividend of 5 per cent or Rs 0.25 per equity share of face value of Rs 5 each, in addition to the earlier interim dividend of 5 per cent or Rs 0.50 per equity share on the earlier face value of Rs 10 before the split and issue of bonus shares during FY-2014. The company had issued bonus shares in the ratio of 1:1 after the earlier interim dividend in FY-2014.

     

    Raj TV reported a 17.68 per cent higher Income from Operations (Op Inc) in FY-2014 at Rs 79.47 crore as compared to the Rs 67.53 crore in FY-2013. However, Op Inc in Q4-2014 was (-28.13) per cent lower at Rs 17.91 crore than the Rs 24.92 crore in the immediate trailing quarter Q3-2014, and was 2.52 per cent more than the Rs17.47 crore of the year ago quarter Q4-2013.

     

    Note: (1) Rs 100 lakh = Rs100,00,000 = Rs 1 crore = Rs 10 million.

     

    Note: (2) The results in this report are standalone.

     

     Let us look at the other results reported by Raj TV for FY-2014 and Q4-2014

     

    PAT in FY-2014 at Rs12.91 crore (16.25 per cent of Op Inc) was 39.05 per cent higher than the PAT of Rs 9.29 crore (13.75 per cent of Op Inc) in FY-2013. In Q4-2014, PAT at Rs1.01 crore (5.62 per cent of Op Inc) was a little more than a fifth or (-79.82) per cent lower than the Rs 4.98 crore (20.01 per cent of Op Inc) in Q3-2014, but almost double (88.91 per cent more than) the Rs 0.53 crore (3.05 per cent of Op Inc) of Q4-2013.

     

    Raj TV’s Total Expense (Tot Exp) in FY-2014 at Rs 59.97 crore was 9.55 per cent more than the Rs 54.74 crore in FY-2014. Tot Exp in Q4-2014 at Rs15.45 crore was (-16.85) per cent lower than the Rs18.58 crore in Q3-2014 and 1.54 per cent more than the Rs15.22 crore in Q4-2013.

     

    Employee Benefits Expense (EBE) and Administrative and other Expenses (Admin exp) are two major expense heads at Raj TV. While EBE in Q4-2014 was substantially higher y-o-y despite almost similar Op Inc, Admin Exp in Q4-2014 was very high q-o-q, despite Raj TV’s Op Inc being much higher in Q3-2014 as compared to Q4-2014.

     

    Employee Benefits Expense in FY-2014 at Rs 17.60 crore (22.15 per cent of Op Inc) was 50.78 per cent more than the Rs11.68 crore (17.29 per cent of Op Inc) in FY-2013. EBE in Q4-2014 at Rs 4.74 crore (26.47 per cent of Op Inc) was (-31.1) per cent lower than the Rs 6.88 crore (27.61 per cent of Op Inc) and 41.02 per cent more than the Rs 3.36 crore (19.24 per cent of Op Inc) in Q4-2013.

     

    Administrative and other expense in FY-2014 at Rs 14.69 crore (18.48 per cent of Op Inc) was 32.46 per cent more than the Rs11.09 crore (16.42 per cent of Op Inc). During Q4-2014, Admin exp at Rs 4.41 crore (24.6 per cent of Op Inc) was 40.67 per cent more than the Rs 3.13 crore (12.57 per cent of Op Inc) in Q3-2014 and 2.2 per cent more than the Rs 4.31 crore (24.68 per cent of Op Inc) in Q4-2013.

     

    Raj TV has reported a 76.1 per cent increase in Long Term Borrowings (non-current liabilities) in FY-2014 at Rs 12.49 crore as compared to the Rs 7.05 crore in FY-2013. Also, in its current liabilities the company has reported a 3.52 times increase in short term borrowings in FY-2014 at Rs 24.97 crore as compared to the Rs 7.09 crore in FY-2013. The company’s trade receivables in FY-2014 at Rs 58.27 crore has gone up by 36.15 per cent as compared to the Rs 42.8 crore in FY-2013.

     

    Raj TV’s Fixed Assets in FY-2014 has gone up by 77.60 per cent to Rs113.99 crore as compared to the Rs 64.18 crore in FY-2013. Its inventories in FY-2014 have gone up by almost 6 times (5.76 times) to Rs 11.65 crore from Rs 2.02 crore in FY-2013. Its trades payables has gone down in FY-2014 to Rs 2.63 crore from Rs 3.48 crore in FY-2013.

     

    The company reported earnings per share (EPS) of Rs 9.43 per equity share in FY-2014 and Rs 0.19 in Q4-2014. 

  • Tamil GECs ring in the New Year

    Tamil GECs ring in the New Year

    MUMBAI: As the state of Tamil Nadu and Tamilians across the country gear up to celebrate the New Year or the ‘Varsha Pirappu’, channels have lined up a slew of entertainment shows bypassing the usual shows. The New Year falling on a Monday has given some of them the chance to also start the special programming from Sunday itself. Here is what three leading GECs plan to showcase on 14 April 2014.

     

    Raj TV

    The morning will be freshened up with a chat show with Vishal and Lakshmi, from Naan Sigappu Manithan at 8:30 am followed by a ‘Patti Mandram’ with Piraosoodan, famous lyricist. This will be followed by a Kamal Haasan and Rajnikanth movie Ninaithale Inikkum. An interview with actress Ramya, of Damaal Dumeel fame is also scheduled at 2:30 pm. Then is the mega show ‘Rajavin Sangeetha Thirunal’, which is a concert conducted by Ilayaraja that was shot on 5 April in Madurai and Raj TV has the exclusive telecast rights.

     

     

    Star Vijay

    The day kicks off with a ‘Patti Mandram’ on the topic ‘who sacrifices most for the family’s welfare-men or women’. The speakers include Sivakasi Ramachandran, Mohana Sundaram, Sumathi, Manikandan, Uma Maheswari, TS Prema and the moderator is Arivoli. This is followed by a chat show with Vishal and Lakshmi. The afternoon time will see ‘Maan Karate – Making’ that will feature some promising actors. The movies that will be telecast include Kalyana Samayal Saadham on 13 April, Irandaam Ulagam, Ivan Vera Maadri and Kamal Haasan starrer Viswaroopam on 14 April.

     

    Zee Tamizh

     

    The celebrations will begin on 13 April with ‘Superstar Challenge’ at 3:00 pm which is an international Tamil singing competition held at Singapore. This will be followed by the movie Endrendrum Punnagai at 5:00 pm. The New Year shows will begin on Monday morning with ‘Balu Mahendravin Kanavu Pattarai’ which is a tribute to filmmaker Balu Mahendra. Up next will be a chat show with upcoming star Sivakarthikeyan. The afternoon will see the premiere of Jaggubhai starring Sarath Kumar and Shreya Saran. The evening will have a chat show with cast and crew of Vaaya Moodi Pesalam. A comedy show Kedi Billa Killadi Ranga will be on at 5:00 pm and the end event will be a special musical event Innisai Thamizh featuring prominent singers from Tamil industry.

     

    Jaya TV

    The channel has done an exclusive interview with Tamil superstar Rajnikanth on his movie Kochadaiiyaan at 10:00 am. The movie Vallinum is to premiere on the channel at 2:00 pm.

     

    Looks like the broadcasters down South are ready to serve the best in entertainment to the viewers on the occasion of the Tamil New Year.    

  • Raj TV Telugu COO Swapna Sundari moves to Sun Group

    Raj TV Telugu COO Swapna Sundari moves to Sun Group

    MUMBAI: She is one of the leading ladies in the Telugu news market and not to forget a classical singer as well. After a three month stint at Raj TV Network as its Telugu market COO, Swapna Sundari has decided to shift to the popular Kalanidhi Maran run giant Sun Group.

     

    She joined as a consultant for the Sun group yesterday and viewers of leading Telugu GEC Gemini TV will be able to catch her every night at 10:30 pm on its new show Newsroom. The show will be a political discussion that has been timed to suit the election mood in the country. “Sun is a wonderful group to work with. The assignments are exciting and since elections are soon approaching it will be enriching to work during this time,” says Swapna.

     

    Her decision to leave the company comes in the wake of Raj TV Network’s delay in relaunching its Telugu bunch of channels. Although the network targets a March relaunch, Swapna has decided to focus on the upcoming election season through the new show on Gemini TV. The show, she adds, may stick around even after the elections are done.

     

    The strategy to place the news show at a late night slot on a GEC is a strategic move by the Sun group to get viewers hooked to it. Gemini TV also claims to have the best distribution in Andhra Pradesh.

     

    Prior to Raj TV, Swapna was executive editor at Sakshi TV. Apart from this, she has also worked with TV9 and Reliance ADAG’s FM department.

  • Raj TV looking at raising Rs 200 crore through stake sale

    Raj TV looking at raising Rs 200 crore through stake sale

    MUMBAI: Raj TV Network is keen on further strengthening its presence in its core market of south India and also expanding its reach to the diaspora from the four states of Tamil Nadu, Kerala, Karnataka and Andhra Pradesh.

     

    The television network is on the lookout for equity investors – financial or strategic – to fund its growth plans. The company has appointed Destimony Securities as its advisor for the equity stake sale.

     

    “By getting in investors, we are looking at raising approximately Rs 200 crore,” Destimony Securities MD and CEO Sudip Bandhopadhyay told Indiantelevision.com.

     

    Raj TV Network plans to revamp its clutch of south Indian GECs, music and news channels and also on furthering its brand in the Telugu market.

     

    The network operates 12 channels – four in Tamil, three in Telugu, two in Kannada, two in Malayalam and one in Hindi.

     

    Raj TV Network also has a large library of Tamil movies which has not yet been tapped gainfully.

     

    “We have a huge inventory of Tamil movies that needs to be monetised. Alongside, the large diaspora of the four states in the South needs to be captured,” Bandhopadhyay said.

     

    Ernst & Young had in 2007 valued Raj TV Network’s movie collections at Rs 325 crore.

     

    The network is currently busy revamping its Telugu channels  —  Raj Musix Telugu, Raj Telugu News and Vissa.  The relaunch of the Telugu channels is expected sometime next month. Raj TV Network also plans to rebrand Vissa to prefix the Raj brand.

     

    Apart from this, Raj TV Network has ambitious plans to make its presence felt in northern parts of the country.

     

    “We don’t just want to build the brand name in the south but also move to other regional markets as well,” says Raj TV MD M Raajhendhran.

     

    The network is already present in a few Hindi speaking markets with Raj Parivar, which currently features only songs. It has long term plans to start GECs and other regional music channels as well in north India. Bhojpuri is one of the markets Raj TV Network is considering. Additionally, it is also looking at the Bengali market.

     

    In the third quarter ended 31 December 2013, Raj TV Network reported a 53.98 per cent rise in net profit to Rs 4.99 crore (20.01 per cent of revenue during the quarter) from Rs 3.24 crore (18.55 per cent of revenue of that quarter) a year ago.

  • Q3-2014: Raj TV reports 43 per cent growth in revenue; 54 per cent growth in PAT

    Q3-2014: Raj TV reports 43 per cent growth in revenue; 54 per cent growth in PAT

    BENGALURU: Raj Television Network (Raj TV) reported 42.75 per cent growth in total revenue to Rs 24.92 crore during Q3-2014 from the Rs 17.46 crore during the corresponding quarter of last fiscal and 35.82 per cent higher than the Rs 18.35 crore for Q2-2014.

     

    The company reported an equally stellar 53.98 per cent growth in PAT during Q3-2014 at Rs 4.99 crore (20.01 per cent of revenue of that quarter) as compared to the Rs 3.24 crore (18.55 per cent of revenue of that quarter) during Q3-2013, and 44.13 per cent more than the Rs 3.46 crore (18.86 per cent of revenue for that quarter) during the immediate trailing quarter.

     

    Let us look at the other results reported by Raj TV during Q3-2014

     

    Raj TV reported total expense at Rs 18.58 crore (74.58 per cent of revenue of that quarter) for Q3-2014 was 38.93 per cent more than the Rs 13.38 crore (76.62 per cent of revenue of that quarter) during Q3-2013 and 42 per cent more than the Rs 13.09 crore (71.33 per cent of revenue of that quarter) during Q2-2014.

     

    The company doesn’t report a breakup of various costs. It is being assumed that costs towards content are included under the heading Cost of Revenues, which is a major cost head. During Q3-2014, Raj TV’s Cost of Revenue at Rs 7.62 crore (41 per cent of total expense during that quarter) was 5.81 per cent higher than the Rs 7.20 crore (53.82 per cent of total expense for that quarter) during Q3-2013 and 47 per cent more than the Rs 5.18 crore (39.6 per cent of total expense for the quarter) during Q2-2014.

     

    Another major chunk of Raj TV’s expense is Employee Benefits. During Q3-2014, the company spent Rs 6.88 crore (37.03 per cent of total expense during that quarter) towards this head, more than double (2.24 times) the Rs 3.07 crore (22.96 per cent of total expense of that quarter) during Q3-2013, and almost double (1.91 times) the Rs 3.60 crore (27.50 per cent of total expense of that quarter) during the immediate trailing quarter.

     

    Administrative Cost at Rs 3.13 crore during Q3-2014 was 46.26 per cent more than the Rs 2.14 crore during Q3-2013 and 2.41 per cent more than the Rs 3.06 crore during Q2-2014.

     

    Finance cost during Q3-2014 was up 46.5 per cent to Rs 1.3878 crore as compared to the Rs 0.9474 crore during Q3-2013 and 42.85 per cent more than the Rs 0.9715 crore in Q2-2014.

     

    Click here for full report

  • 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.

  • Raj TV: commendable FY 2013 results; in investment mode

    Raj TV: commendable FY 2013 results; in investment mode

    MUMBAI: Higher ad rates and subscription revenues helped give a leg up to southern broadcaster Raj Television Network in FY 2013 ended 31 March 2013, even though its performance in Q4 2013 was relatively disappointing. Net profit for FY 2013 rose marginally to Rs 9.28 crore as against Rs 9.21 crore. However, net profit in Q4 2013 took a nosedive to Rs 53.28 lakh as against Rs 4.65 crore in the previous corresponding year‘s quarter.

    Let us look at the Q4-2013 financials as against Q4-2012

    Revenue for Q4-2013 at Rs 17.47 crore, has risen 9.7 per cent as against Rs 15.92 crore in Q4-2012. Expenses have however increased significantly by 42 cent to Rs 15.22 crore in Q4-2013 as against Rs 10.73 crore in Q4-2012. Finance costs have more than doubled from Rs 66.66 lakh in Q4-2012 to Rs 1.51 crore in Q4 2013. The company says this happened on account of its launching new regional language channels, the fruits of which will accrue to its balance-sheet in the coming year.

    As mentioned above the net profit for Q4-2013 is down to a dismal figure of Rs 53.28 lacs as against a strong Rs 4.65 crore reported in the corresponding last quarter.

    Let us look at the FY-2013 results as against FY-2012

    Annual revenues at Rs 67.53 crore for FY-2013 have significantly climbed up by over 24 per cent as against Rs 54.06 crore in FY-2012. Advertisement and subscription and DTH revenues too are up 13 per cent and by 32.5 per cent respectively.

    Expenses have surged 26 plus per cent to Rs 54.74 crore in FY-2013 as against Rs 43.01 crores in FY-2012. The sharp rise is accounted for a spike in the cost of revenues to Rs 28.3 crore as against Rs 18.23 crore in FY-2012. The company says its production costs skyrocketed because its shifted its telecasts from Insat to a Asiasat 5. This resulted in its overall satellite rent bumping up to Rs 4.3 crore in FY 2013.

    PAT in FY-2013 as mentioned above stand at Rs 9.28 crore as against Rs 9.21 crore in FY-2012. For the full year, its foray into new regional channels, saw its financial costs ballooning by Rs 2 crore which dented its bottomline.

    The board has recommended a final dividend of Rs 1 per share on the face value of Rs 10 per share. Investors obviously seem bullish on the stock, despite its relatively poor Q4 performance. The Raj TV stock closed at an all time high of Rs 301.85 on 28 May.