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Tag: segments

  • Hathway Q2-2014 y-o-y revenue up 68 per cent, loss returns after two quarters

    Hathway Q2-2014 y-o-y revenue up 68 per cent, loss returns after two quarters

    BENGALURU: Indian Multi Systems Operator (MSO) Hathway Cable & Datacom Limited (Hathway) reported net sales/income from operations of Rs 219.33 crore for Q2-2014, 68 per cent higher than the Rs 130.33 crore the company reported for Q2-2013, but 5.4 per cent lower than the Rs 231 crore for the immediate trailing quarter (Q1-2014).

     

    The company reported a net loss of Rs (-44.44) crore for Q2-2014, 35.26 times higher than the loss of Rs (-1.26 crore) for the corresponding period last year. Earlier, Hathway had reported positive PAT for two consecutive quarters, viz. Q1-2014 when it returned a positive PAT of Rs 5.32 crore and an even higher positive PAT of Rs 28.27 crore for Q4-2013. For FY-2013, the company had reported a net profit for the year from continuing operations of Rs 3.2 crore, while for FY-2012; the company had reported a loss of Rs 5.17 crore.

     

    Let us look at the other Q2-2014 figures reported by Hathway

     

    Hathway’s EBIDTA for Q2-2014 at Rs 40.15 crore was 68.7 per cent more than the Rs 23.8 crore for Q2-2013, but almost half (52.1 per cent) of Rs 77.04 crore for Q1-2014.

     

    The MSO reported a loss before other income, interest and exceptional Items, and tax of Rs (-12.9) crore for Q2-2014, as compared to a loss of Rs (-5.39) crore for Q2-2013 and a profit of Rs 34.55 crore for Q1-2014.

     

    Hathway reported expense of Rs 233.19 crore (5.9 per cent more than the total income of Rs 220.28 crore) for Q2-2014, more than double (2.09 times)  the Rs 111.7 crore for Q2-2013 and about 17.8 per cent more than the Rs 198.01 crore for the immediate preceding quarter (Q1-2014).

     

    Harthway’s pay channel cost at Rs 68.3 crore was 75 per cent more than the Rs 39.05 crore for Q2-2013 and 16.8 per cent more than the Rs 58.45 crore for Q1-2014.

     

    Depreciation and amortisation expense at Rs 51.32 crore was 16.2 per cent more than the Rs 44.18 crore for Q2-2013 and 23.5 per cent more than the Rs 41.54 crore for Q1-2014.

     

    Another major expense head – Other expenses for Q2-2014 at Rs 98.12 crore was up 62.6 per cent as compared to the Rs 60.33 crore for Q2-2013 and 17.3 per cent more than the Rs 83.67 crore for Q1-2014.

     

    Hathway’s finance cost for Q2-2014 at Rs 23.71 crore more than tripled (was 3.25 times) the Rs 7.30 crore for Q2-2013 and was 9.7 per cent more than the Rs 21.61 crore for Q1-2014.

     

    Hathway reported a foreign exchange loss of Rs (-7.51) crore for Q2-2014 as compared to a gain of Rs 4.48 crore for Q2-2013 and a loss of Rs (-8.32) crore for the trailing quarter (Q1-2014).

     

    Revenue and results from the other segments was a minor fraction of the overall revenue.

  • Mukta Arts PAT 0.2% for Q2-2014 despite higher q-o-q income

    Mukta Arts PAT 0.2% for Q2-2014 despite higher q-o-q income

    BENGALURU: Mukta Arts Limited (MAL) announced a PAT of Rs 0.1632 crore and total income from operations of Rs 85.16 crore for Q2-2014, which translates roughly to 0.19 per cent. Revenue for Q1-2014 was lower by 19.2 per cent at Rs 71.45 crore, and for the corresponding quarter last year (Q2-2013) it was 11.8 per cent lower at Rs 76.14 crore. Last quarter (Q1-2014) the company had reported a PAT of Rs 0.74 crore or 1.04 per cent of total income from operations.

     

    Let us take a look at the other figures reported for Q2-2014 by MAL

     

    Total expense for Q2-2014 at Rs 84.61 crore was 12.9 per cent higher than the Rs 74.95 crore for Q2-2013 and 20.3 per cent more than the Rs 70.34 crore for Q1-2014.

     

    The largest chunk of expense is producers/distributors share in the case of MAL. The company has reported Rs 78.21 crore (91.8 per cent of total income from operations) towards this head for Q2-2014, which was 8.6 per cent higher than the Rs 72.04 crore (94.6 per cent of total income from operations) for Q2-2013, and 20.4 per cent more than the Rs 64.94 crore (90.9 per cent of total income from operations) for the immediate preceding quarter (Q1-2014).

     

    Segment Revenue

     

    Four segments – Software division; Equipment division; Theatrical Exhibition division; and Others are responsible for revenue for MAL.

     

    MAL’s software division reported revenue of Rs 79.67 crore for Q2-2014, 6.7 per cent higher y-o-y as compared to the Rs 74.75 crore for Q2-2013 and 20.8 per cent higher than the Rs 65.92 crore for Q1-2014. Despite the higher revenue, profit from this segment was less than a fourth (4.21 times less) at Rs 0.35 crore for Q2-2014 as compared to the Rs 1.46 crore for Q1-2013 and just about half the Rs 9.29 crore for Q1-2014.

     

    Its theatrical segment saw a huge jump in revenue at Rs 3.52 crore for Q2-2014 as compared to the Rs 0.1545 crore for Q2-2014, but was 4.3 per cent lower than the Rs 3.68 crore for Q1-2014. This segment saw a loss of Rs (-0.25) crore for Q2-2014 as compared to a profit of Rs 0.08 crore for Q1-2014 and a loss of Rs (-0.04) crore for Q2-2013.

     

    Revenue and results from the other segments was a minor fraction of the overall revenue.

  • Magic Square Entertainment has signed Chennai Rhinos deal for CCL

    Magic Square Entertainment has signed Chennai Rhinos deal for CCL

    MUMBAI: Magic Square Entertainment has bagged the Chennai Rhinos marketing deal for Celebrity Cricket League (CCL).

     

    Chennai Rhinos CEO Uday Sinh Wala said, “Magic Square Entertainment, we felt, was the best and most professional set-up to partner with us and to build the Chennai Rhinos franchise on a long-term basis.”

     

    The deal is pegged at around Rs 50 million.

     

    Magic Square Entertainment director and CEO Vijay Vishwanath in response said, “We are overwhelmed to sign up Chennai Rhinos for Celebrity Cricket League Season 4. We are fully geared up to market Chennai Rhinos Season 4. This season looks even brighter.”

     

    On the marketing plans for this activity, Vjay Vishwanath added, “We have rights to exploit all forms of branding options. Our expertise is in marketing and sales on various events and shows. Our team has drawn up extensive plans of exposure for clients on all the segments, viz stadia, merchandising, and all kinds of BTL activity, covering a wide spectrum and gamut of activities.”

     

    “I am sure this will be a great opportunity for the advertisers to showcase their brands. CCL is one of the most valuable entertainment properties with films stars adding a lot of fizz, entertainment value and brand recall,” Vishwanath added.

     

    The Celebrity Cricket League (CCL) is a non-professional men’s cricket league in India, contested by eight teams consisting of film actors from eight major regional film industries of Indian cinema.

     

    Chennai Rhinos is the most successful team in the CCL having won the tournament twice.