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Tag: Shobana Bhartia

  • FY-16: HT Media revenue up 9.6 percent, radio revenue up 17.7 percent

    FY-16: HT Media revenue up 9.6 percent, radio revenue up 17.7 percent

    BENGALURU: HT Media Limited (HT Media) reported 9.6 cent growth in Total Income from Operations (TIO) for the fiscal ended 31 March 2016 (FY-16, current quarter) as compared to FY-15. The company’s radio segment which operates under the brand Radio Fever reported 17.7 percent growth in operating revenue in the current year as compared to the previous year.

    HT Media reported TIO in FY-16 of Rs 2,500.80 crore as compared to 2,281.52 crore in FY-15. Its radio segment reported operating revenue of Rs 116.96 crore (4.7 percent of TIO) in FY-16 as compared to Rs 99.38 crore (4.4 percent of TIO) in the previous year.

    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.

    HT Media reported 1.7 percent decline in profit after tax (PAT) of Rs 214.21 crore (8.6 percent PAT margin) in FY-16 as compared to Rs 218.75 crore (9.5 percent PAT margin)

    Operating profit (EBIDTA) in the current year increased 6 percent to Rs 462.20 crore (17.4 percent EBIDTA margin) from Rs 436.06 crore (17.7 percent margin) in the previous year.

    Advertising revenue in FY-16 increased 7.5 percent to Rs 1,980.9 crore from Rs 1,843.6 core in the previous year.

    Circulation revenue in the current year increased 5.6 percent to Rs 300.09 crore from Rs 284.8 crore in FY-15.

    Other revenue increased 13.5 percent in FY-16 to Rs 373.3 crore from Rs 328.9 crore in FY-15.

    Segment revenue

    Printing and Publishing of Newspapers and Periodicals (Printing) segment reported 7.7 percent growth in operating revenue at Rs 2,239.71 crore in the current year from Rs 2,080.15 crore in FY-15. The segment’s operating profit increased 21.2 percent in FY-16 to Rs 329.69 crore from Rs 272.01 crore in the previous year.

    HT Media’s radio segment revenue has been mentioned above. The segment reported a 31.2 percent decline in operating profit due to the launch of a new radio station. Operating profit in FY-16 was Rs 20.10 crore as compared to Rs Rs 29.21 crore in the previous year.

    Digital segment reported 35.1 percent growth in FY-16 to Rs 140.32 crore from Rs 103.90 crore in FY-15.

    The Board of Directors at their meeting on May 26, 2016 have recommended a dividend of Rs. 0.40 per equity share of Rs. 2 each; translating to 20% of face value.  Dividend for the year amounted to Rs. 13 crore million (including Dividend Distribution Tax).

    Company speak

    HT Media chairperson and editorial director Shobana Bhartia said, “All our businesses grew in the quarter and we are happy to close the year on a positive note. The Hindi business outperformed the market and we witnessed the return of growth in the English business”

    Our new businesses are doing well. HT Mumbai has established itself as a clear alternative in India’s commercial capital. We launched Radio Nasha 107.2 in Delhi, becoming the only radio business in the region with two stations. Our digital business showed significant revenue growth and has reduced its losses.”

    “This year is rich with opportunities to expand our reach and offerings. We believe we are well placed to tap these and that our innovative strategies, prudent and timely investments, and world-class execution will continue to differentiate us from the competition”

  • FY-16: HT Media revenue up 9.6 percent, radio revenue up 17.7 percent

    FY-16: HT Media revenue up 9.6 percent, radio revenue up 17.7 percent

    BENGALURU: HT Media Limited (HT Media) reported 9.6 cent growth in Total Income from Operations (TIO) for the fiscal ended 31 March 2016 (FY-16, current quarter) as compared to FY-15. The company’s radio segment which operates under the brand Radio Fever reported 17.7 percent growth in operating revenue in the current year as compared to the previous year.

    HT Media reported TIO in FY-16 of Rs 2,500.80 crore as compared to 2,281.52 crore in FY-15. Its radio segment reported operating revenue of Rs 116.96 crore (4.7 percent of TIO) in FY-16 as compared to Rs 99.38 crore (4.4 percent of TIO) in the previous year.

    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.

    HT Media reported 1.7 percent decline in profit after tax (PAT) of Rs 214.21 crore (8.6 percent PAT margin) in FY-16 as compared to Rs 218.75 crore (9.5 percent PAT margin)

    Operating profit (EBIDTA) in the current year increased 6 percent to Rs 462.20 crore (17.4 percent EBIDTA margin) from Rs 436.06 crore (17.7 percent margin) in the previous year.

    Advertising revenue in FY-16 increased 7.5 percent to Rs 1,980.9 crore from Rs 1,843.6 core in the previous year.

    Circulation revenue in the current year increased 5.6 percent to Rs 300.09 crore from Rs 284.8 crore in FY-15.

    Other revenue increased 13.5 percent in FY-16 to Rs 373.3 crore from Rs 328.9 crore in FY-15.

    Segment revenue

    Printing and Publishing of Newspapers and Periodicals (Printing) segment reported 7.7 percent growth in operating revenue at Rs 2,239.71 crore in the current year from Rs 2,080.15 crore in FY-15. The segment’s operating profit increased 21.2 percent in FY-16 to Rs 329.69 crore from Rs 272.01 crore in the previous year.

    HT Media’s radio segment revenue has been mentioned above. The segment reported a 31.2 percent decline in operating profit due to the launch of a new radio station. Operating profit in FY-16 was Rs 20.10 crore as compared to Rs Rs 29.21 crore in the previous year.

    Digital segment reported 35.1 percent growth in FY-16 to Rs 140.32 crore from Rs 103.90 crore in FY-15.

    The Board of Directors at their meeting on May 26, 2016 have recommended a dividend of Rs. 0.40 per equity share of Rs. 2 each; translating to 20% of face value.  Dividend for the year amounted to Rs. 13 crore million (including Dividend Distribution Tax).

    Company speak

    HT Media chairperson and editorial director Shobana Bhartia said, “All our businesses grew in the quarter and we are happy to close the year on a positive note. The Hindi business outperformed the market and we witnessed the return of growth in the English business”

    Our new businesses are doing well. HT Mumbai has established itself as a clear alternative in India’s commercial capital. We launched Radio Nasha 107.2 in Delhi, becoming the only radio business in the region with two stations. Our digital business showed significant revenue growth and has reduced its losses.”

    “This year is rich with opportunities to expand our reach and offerings. We believe we are well placed to tap these and that our innovative strategies, prudent and timely investments, and world-class execution will continue to differentiate us from the competition”

  • Q3-2016; Advertising drives 9% YOY revenue growth at HT Media; radio revenue up 25%

    Q3-2016; Advertising drives 9% YOY revenue growth at HT Media; radio revenue up 25%

    BENGALURU: HT Media Limited (HT Media) reported seven per cent YoY growth in total income from operations (TIO) for the quarter ended 31 December, 2015 (Q3-2015, Q3-15, current quarter) at Rs 681.12 crore as compared to Rs 605.50 crore and a 13.2 per cent QoQ growth as compared to Rs 601.55 crore.

     

    The TIO growth was driven primarily by a 9.2 per cent YoY and 14.4 per cent growth in advertising revenues.

     

    HT Media’s radio segment (Fever 104 FM) reported a 25 per cent YoY increase in operating revenue to Rs 32.26 crore (4.7 per cent of TIO) as compared to Rs 28.81 crore (4.3 per cent of TIO) and grew 10 per cent QoQ as compared to Rs 29.34 crore (4.9 per cent of TIO).

     

    Note: (1) 100,00,000 = 100 Lakhs = 10 million = 1 crore

    (2) The figures mentioned in this report are consolidated figures unless stated otherwise.

     

    The company’s profit after tax (PAT) in Q3-2016 increased 12.4 per cent YoY to Rs 80.88 crore (11.9 per cent margin) as compared to Rs 63.97 crore (10.6 per cent margin) and was more than double (2.22 times) QoQ as compared to Rs 36.42 crore (6.1 per cent margin).

     

    Advertising and Circulation revenue

     

    HT Media says that Advertising Revenue grew by 9.2 per cent YoY in Qe-2016 to Rs 542.5 crore (76.6 per cent of TIO) as compared to Rs 496.7 crore (76.4 per cent of TIO) and increased 14.4 per cent QoQ as compared to Rs 475.2 crore (78.8 per cent of TIO).

     

    Circulation revenue in the current quarter increased 4.8 per cent to Rs 76.9 crore (10.9 per cent of TIO) as compared to Rs 75.4 crore (15.9 per cent of TIO) and grew 2.1 per cent QoQ as compared to Rs 75.4 crore (12.5 per cent of TIO).

     

    Let us see how the segments performed

     

    Three segments contribute to HT Media’s numbers – (1) Printing and publishing of newspapers and periodicals (Publishing) (2) Radio and (3) Digital.

     

    HT Media’s publishing segment reported 9.8 per cent YoY growth in revenue at Rs 607.29 crore (89.2 per cent of TIO) as compared to Rs 553.20 crore (91.4 per cent of TIO) and grew 12.9 per cent QoQ as compared to Rs 538.08 crore (89.4 per cent of TIO).

     

    The publishing segment reported 41.2 per cent higher YoY operating profit of Rs 110.82 crore as compared to Rs 78.49 crore and was 41 per cent more QoQ as compared to Rs 65.36 crore.

     

    HT Media has four FM radio stations – Fever 104 in Delhi, Mumbai, Bengaluru and Kolkata.

     

    Radio segment revenue numbers have been mentioned above. HT Media’s radio segment reported 21 per cent decline in operating profit at Rs 7.46 crore as compared to Rs 9.44 crore, but was 94.3 per cent more QoQ than of Rs 3.84 crore.

     

    The company’s digital segment reported 43.4 per cent YoY growth in revenue to Rs 38.21 crore (5.6 per cent of TIO) as compared to Rs 26.65 crore (4.4 per cent of TIO) and was 12.7 per cent higher QoQ as compared to Rs 33.91 crore (5.6 per cent of TIO).

     

    Digital segment reported lower YoY loss of Rs 11.07 crore as compared to Rs 1442 crore, and lower QoQ loss as compared to Rs 18.35 crore.

     

    The company reported unallocated losses of Rs 13.31 crore in Q3-2016; of Rs 12.13 crore in Q3-2015 and of Rs 15.40 crore in Q2-2016.

     

    Company Speak

     

    HT Media chairperson and editorial director Shobana Bhartia said, “We are happy to report a strong quarter of growth across all our core businesses on the back of an increase in advertising spends during the festive season. Growth in revenue and our continuing focus on costs have resulted in higher profitability. Our Hindi business continues to grow profitably; HT Mumbai & HT Delhi businesses saw year-on-year revenue growth; we successfully re-launched the Chennai radio station; and our digital businesses have reduced losses even as they have grown revenues. With momentum on our side, we expect to close the financial year on a strong note. The company is well positioned to seize any opportunity that comes its way.”

  • Q3-2016; Advertising drives 9% YOY revenue growth at HT Media; radio revenue up 25%

    Q3-2016; Advertising drives 9% YOY revenue growth at HT Media; radio revenue up 25%

    BENGALURU: HT Media Limited (HT Media) reported seven per cent YoY growth in total income from operations (TIO) for the quarter ended 31 December, 2015 (Q3-2015, Q3-15, current quarter) at Rs 681.12 crore as compared to Rs 605.50 crore and a 13.2 per cent QoQ growth as compared to Rs 601.55 crore.

     

    The TIO growth was driven primarily by a 9.2 per cent YoY and 14.4 per cent growth in advertising revenues.

     

    HT Media’s radio segment (Fever 104 FM) reported a 25 per cent YoY increase in operating revenue to Rs 32.26 crore (4.7 per cent of TIO) as compared to Rs 28.81 crore (4.3 per cent of TIO) and grew 10 per cent QoQ as compared to Rs 29.34 crore (4.9 per cent of TIO).

     

    Note: (1) 100,00,000 = 100 Lakhs = 10 million = 1 crore

    (2) The figures mentioned in this report are consolidated figures unless stated otherwise.

     

    The company’s profit after tax (PAT) in Q3-2016 increased 12.4 per cent YoY to Rs 80.88 crore (11.9 per cent margin) as compared to Rs 63.97 crore (10.6 per cent margin) and was more than double (2.22 times) QoQ as compared to Rs 36.42 crore (6.1 per cent margin).

     

    Advertising and Circulation revenue

     

    HT Media says that Advertising Revenue grew by 9.2 per cent YoY in Qe-2016 to Rs 542.5 crore (76.6 per cent of TIO) as compared to Rs 496.7 crore (76.4 per cent of TIO) and increased 14.4 per cent QoQ as compared to Rs 475.2 crore (78.8 per cent of TIO).

     

    Circulation revenue in the current quarter increased 4.8 per cent to Rs 76.9 crore (10.9 per cent of TIO) as compared to Rs 75.4 crore (15.9 per cent of TIO) and grew 2.1 per cent QoQ as compared to Rs 75.4 crore (12.5 per cent of TIO).

     

    Let us see how the segments performed

     

    Three segments contribute to HT Media’s numbers – (1) Printing and publishing of newspapers and periodicals (Publishing) (2) Radio and (3) Digital.

     

    HT Media’s publishing segment reported 9.8 per cent YoY growth in revenue at Rs 607.29 crore (89.2 per cent of TIO) as compared to Rs 553.20 crore (91.4 per cent of TIO) and grew 12.9 per cent QoQ as compared to Rs 538.08 crore (89.4 per cent of TIO).

     

    The publishing segment reported 41.2 per cent higher YoY operating profit of Rs 110.82 crore as compared to Rs 78.49 crore and was 41 per cent more QoQ as compared to Rs 65.36 crore.

     

    HT Media has four FM radio stations – Fever 104 in Delhi, Mumbai, Bengaluru and Kolkata.

     

    Radio segment revenue numbers have been mentioned above. HT Media’s radio segment reported 21 per cent decline in operating profit at Rs 7.46 crore as compared to Rs 9.44 crore, but was 94.3 per cent more QoQ than of Rs 3.84 crore.

     

    The company’s digital segment reported 43.4 per cent YoY growth in revenue to Rs 38.21 crore (5.6 per cent of TIO) as compared to Rs 26.65 crore (4.4 per cent of TIO) and was 12.7 per cent higher QoQ as compared to Rs 33.91 crore (5.6 per cent of TIO).

     

    Digital segment reported lower YoY loss of Rs 11.07 crore as compared to Rs 1442 crore, and lower QoQ loss as compared to Rs 18.35 crore.

     

    The company reported unallocated losses of Rs 13.31 crore in Q3-2016; of Rs 12.13 crore in Q3-2015 and of Rs 15.40 crore in Q2-2016.

     

    Company Speak

     

    HT Media chairperson and editorial director Shobana Bhartia said, “We are happy to report a strong quarter of growth across all our core businesses on the back of an increase in advertising spends during the festive season. Growth in revenue and our continuing focus on costs have resulted in higher profitability. Our Hindi business continues to grow profitably; HT Mumbai & HT Delhi businesses saw year-on-year revenue growth; we successfully re-launched the Chennai radio station; and our digital businesses have reduced losses even as they have grown revenues. With momentum on our side, we expect to close the financial year on a strong note. The company is well positioned to seize any opportunity that comes its way.”

  • Q2-2016: HT Media revenue up 7.3%, PAT down; radio revenue up 20.5%

    Q2-2016: HT Media revenue up 7.3%, PAT down; radio revenue up 20.5%

    BENGALURU: HT Media Limited (HT Media) reported 7.3 per cent growth in total income from operations (TIO) for the quarter ended 30 September, 2015 (Q2-2015, current quarter) at Rs 601.55 crore as compared to the Rs 560.88 crore in Q2-2015. The current quarter’s TIO was 2.4 per cent more than the Rs 587.18 crore in Q1-2016.

     

    HT Media’s radio segment (Fever 104 FM) reported a 20.5 per cent increase in operating revenue to Rs 29.34 crore (4.9 per cent of TIO) as compared to the Rs 24.34 crore (4.3 per cent of TIO) in Q2-2015 and 19.7 per cent more than the Rs 24.52 crore (4.2 per cent of TIO) in Q1-2016.

     

    Note: (1) 100,00,000 = 100 Lakhs = 10 million = 1 crore

    (2) The figures mentioned in this report are consolidated figures unless stated otherwise.

     

    The company’s profit after tax (PAT) in Q2-2016 fell 17 per cent to Rs 36.42 crore (6.1 per cent margin) from Rs 43.89 crore (7.8 per cent margin) in the corresponding year ago quarter but was 46 per cent more than the Rs 24.95 crore (4.2 per cent of TIO) in Q1-2016.

     

    Advertising and Circulation revenue

     

    HT Media’s advertising revenue grew by 6.7 per cent in Q2-2016 to Rs 475.2 crore (78.8 per cent of TIO) from Rs 444.4 crore (79.2 per cent of IO) in Q2-2015 and grew 1.4 per cent from Rs 467.5 crore (79.6 per cent of TIO) in Q1-2016.

     

    Circulation revenue in the current quarter at Rs 75.4 crore (12.5 per cent of TIO) grew 5.2 per cent as compared to Rs 71.7 crore (16.1 per cent of TIO) in Q2-2015 and increased 3.3 per cent from Rs 72.9 crore (12.4 per cent of TIO) in the immediate trailing quarter.

     

    Segment-wise performance

     

    Three segments contribute to HT Media’s numbers – (1) Printing and publishing of newspapers and periodicals (Publishing) (2) Radio and (3) Digital.

     

    HT Media’s publishing segment reported 5.4 per cent growth in revenue to Rs 538.08 crore (89.4 per cent of TIO) from Rs 510.75 crore (91.1 per cent of TIO) in the corresponding year ago quarter and grew 1.1 per cent from Rs 532.44 crore (90.7 per cent of TIO) in Q1-2016.

     

    The publishing segment reported operating profit of Rs 65.36 crore, which was 2.5 per cent lower than the Rs 67.04 crore in Q2-2015 and 17.6 per cent lower than the Rs 79.29 crore in Q1-2016.

     

    HT Media has four FM radio stations – Fever 104 in Delhi, Mumbai, Bengaluru and Kolkata. Radio segment revenue numbers have been mentioned above. HT Media’s radio segment reported operating profit of Rs 3.84 crore, which was 42.2 per cent lower than the Rs 6.64 crore in Q2-2015 and 42.5 per cent lower than the Rs 6.68 crore in Q1-2016.

     

    The company’s digital segment reported 36 per cent growth in revenue to Rs 33.91 crore (11 per cent of TIO), which was 36 per cent more than the Rs 24.93 crore (4.4 per cent of TIO) in the corresponding year ago quarter and 11 per cent more than the Rs 30.56 crore (5.2 per cent of TIO) in Q1-2016.

     

    Digital segment reported higher loss of Rs 18.35 crore in Q2-2016 as compared to the Rs 14.70 crore in Q2-2015, but lower than the loss of Rs 23.88 crore in Q1-2016.

     

    The company reported unallocated losses of Rs 15.40 crore in Q2-2016; loss of Rs 11.90 crore in Q2-2016 and loss of Rs 20.01 crore in Q1-2016.

     

    Company Speak

     

    HT Media chairperson and editorial director Shobana Bhartia said, “Our performance this quarter has been satisfactory despite subdued economic activity and tepid markets. Our English publications saw a growth in revenue even after factoring in a base effect, and this was driven by growth in both HT Mumbai and Mint. Hindustan continues to demonstrate remarkable resilience and saw high growth rates. We successfully acquired the stations of our choice in the Phase-III FM auctions. The digital business grew in terms of revenue and saw a fall in losses. We are excited by the opportunities on offer, the prospects of our various businesses and are confident of executing on our plans in the coming months.”

  • Q2-2016: 18% YoY ad revenue jump ramps Hindustan Media Ventures revenue 16%

    Q2-2016: 18% YoY ad revenue jump ramps Hindustan Media Ventures revenue 16%

    BENGALURU: An 18.2 per cent YoY increase in advertising revenue ramped up Hindustan Media Ventures Limited (HMVL) total revenue by 16.2 per cent during the quarter ended 30 September, 2015 (Q2-2016, current quarter).

     

    The publisher that publishes Hindi newspaper ‘Hindustan’, Hindi socio cultural magazine ‘Kadambini’ and children’s Hindi magazine ‘Nandan’ among others, reported ad revenue of Rs 168.1 crore in Q2-2016 as compared to the Rs 142.2 crore in Q2-2015 and Rs 162.1 crore (1.1 per cent QoQ growth) in Q1-2016. HMVL total revenue in the current quarter increased to Rs 245.9 crore as compared to Rs 211.6 crore in Q2-2015 and Rs 235.4 crore (4.5 per cent QoQ growth) in the immediate trailing quarter.

     

    Note: 100,00,000 = 100 lakh = 10 million = 1 crore

     

    Circulation revenue in Q2-2016 increased 7.6 per cent to Rs 53.4 crore as compared to the year ago quarter circulation revenue of Rs 49.6 crore and was flat (increased 0.1 per cent) as compared to the Rs 53.4 crore in Q1-2016.

     

    The company’s profit after tax (PAT) in the current quarter increased 43.1 per cent to Rs 45 crore (18.3 per cent margin) as compared to the Rs 31.5 crore (14.9 per cent margin) in Q2-2015 and increased eight per cent to Rs 41.7 crore (17.7 per cent margin) in the immediate trailing quarter.

     

    Total Expenditure in the current quarter increased eight per cent to Rs 180.19 crore as compared to the Rs 166.88 crore in Q2-2015 and was 3.1 per cent more than the Rs 174.72 crore in Q1-2016.

     

    Cost of raw materials consumed increased 1.2 per cent to Rs 85.75 crore in Q2-2016 as compared to the Rs 84.76 crore in Q2-2015 and increased 1.1 per cent as compared to the Rs 84.80 crore in Q1-2016.

     

    Employee Benefit Expense (EBE) increased 15.9 per cent to Rs 29.88 crore in Q2-2016 as compared to Rs 25.77 crore in the corresponding year ago quarter and increased four per cent as compared to the Rs 28.72 crore in Q1-2016.

     

    Company speak

     

    HMVL chairperson Shobana Bhartia said, “We are glad to report another quarter of strong growth in revenue and profits despite significant macroeconomic stress. The quarter witnessed healthy growth in advertising revenue across verticals. We also saw an increasing share of local business across all our markets. And lower raw material prices and a benign rupee continue to boost profitability. We have the momentum and expect to continue on the growth path as we move forward.”

  • Hindustan Media Ventures y-o-y PAT up 23%; ad & circulation revenue grows

    Hindustan Media Ventures y-o-y PAT up 23%; ad & circulation revenue grows

    BENGALURU: Hindi newspaper ‘Hindustan’, Hindi socio cultural magazine ‘Kadambini’ and children’s Hindi magazine ‘Nandan’ publishers Hindustan Media Ventures Limited reported 23.1 per cent increase in profit after tax (PAT) to Rs 41.71 crore (18.6 per cent of Total Income from Operations or TIO) in the quarter ended 30 June, 2015 (Q1-2016) from Rs 33.88 crore (16.1 per cent of TIO) in Q1-2015 and 7.1 per cent more than the Rs 38.94 crore (19.3 per cent of TIO) in Q4-2015. (HMVL – not to be confused with HT Media Limited of Hindustan Times, Mint and Fever FM fame).

     

    Note: 100,00,000 = 100 lakh = 10 million = 1 crore

     

    Advertising and Circulation Revenue:

     

    HMVL advertisement revenue in the current quarter increased 6.9 per cent to Rs 166.2 crore from Rs 155.50 crore in Q1-2015 and 13.4 per cent more than the Rs 146.60 crore in the immediate trailing quarter. Circulation revenue in Q1-2016 increased 8.3 per cent to Rs 53.40 crore from Rs 49.30 crore in Q1-2015 and 5.1 per cent more than the Rs 50.80 crore in Q4-2015.

     

    Let us look at the other results reported by HMVL:

     

    The company reported 6.5 per cent increase in TIO in the current quarter to Rs 233.72 in Q1-2016 crore as compared to the Rs 210.03 crore in Q1-2015 and 10.7 per cent more than the Rs 199.3 Q4-2015.

     

    The company’s total expenditure (TE) in Q1-2016 at Rs 174.72 crore was up 0.8 per cent from Rs 173.32 crore in Q1-2015 and was seven per cent more than the Rs 163.3 crore in Q4-2015.

     

    A major component of HMVL’s TE is cost of raw materials (RM). In Q1-2016, HMVL’s RM cost at Rs 84.80 crore was 2.3 per cent lower than the Rs 86.81 crore in Q1-2015 and was 7.2 per cent more than the Rs 79.14 crore in Q4-2015. 

     

    The company’s employee benefit expense (employee cost) in Q1-2016 at Rs 28.72 crore was 3.1 per cent lower than the Rs 29.64 crore in Q1-2015. In Q4-2015 and was 8.3 per cent more than the Rs 26.52 crore in Q4-2015.

     

    Company Speak:

     

    HMVL chairperson Shobana Bhartia said, “We started the year on a positive note despite predictions of a weak monsoon and subdued rural economic growth. The quarter’s performance was according to plan, and we saw a healthy growth in operating revenue and profits. Our operations in Uttar Pradesh and Uttarakhand continue to drive growth in advertising and profitability. And we have further strengthened our dominant leadership positions in Bihar and Jharkhand despite a higher intensity of competition. We believe we are in a good position to continue our growth momentum in the year ahead as we reap the benefits of our investments.”

  • FY-2015: HT Media radio segment reports 37% operating profit growth

    FY-2015: HT Media radio segment reports 37% operating profit growth

    BENGALURU: HT Media’s radio segment reported 37.1 per cent growth in operating profit at Rs 29.21 crore in FY-2015 as compared to the Rs 21.31 crore in FY-2014.The segment reported 78.8 per cent growth in operating result in Q4-2015 (quarter ended 31 March, 2015, current quarter) at Rs 8.56 crore as compared to the Rs 4.81 crore in the corresponding quarter of the previous year (Q4-2014) but was 9.3 per cent lower than the Rs 9.44 crore in the immediate trailing quarter Q3-2015.

     

    Note: (1) 100,00,000 = 100 Lakhs = 10 million = 1 crore

     

    (2) The figures mentioned in this report are consolidated figures unless stated otherwise.

     

    HT Media has four FM radio stations – Fever 104 in Delhi, Mumbai, Bengaluru and Kolkata. HT Media’s radio segment’s revenue in FY-2015 at Rs 99.38 crore was 6.8 per cent more than the Rs 93.12 crore in FY-2014. The company says that growth was driven by advertising revenues growth of approximately 12 per cent being partially off-set by reduced focus on events and activations.

     

    In Q4-2014, the segment reported 12.8 per cent growth in operating revenue to Rs 25.82 crore as compared to the Rs 22.88 crore in Q4-2014 and was almost flat (up 0.04 per cent) as compared to the Rs 25.81 crore in Q3-2015.

     

    The company reported four per cent growth in Total Income from Operations (TIO) FY-2014 at Rs 2289.71 crore as compared to the Rs 2200.70 crore in FY-2014. TIO in Q4-2015 at Rs 576.92 crore was 6.1 per cent more than the Rs 543.84 crore in Q4-2015 but was 4.7 per cent lower than the Rs 605.50 crore in the previous quarter.

     

    The company reported 13.4 per cent decline in profit after tax (PAT) in FY -2015 at Rs 179.81 crore as compared to the Rs 207.53 crore in FY-2014. PAT in Q4-2015 at Rs 39.28 crore was 12.7 per cent higher than the Rs 34.84 crore in the corresponding quarter of the previous year, but declined 38.6 per cent as compared to the Rs 63.97 crore in Q3-2015.

     

    Advertising, circulation and other revenues

     

    Advertising revenue in FY-2015 at Rs 1851.7 crore improved 5.3 per cent from the Rs 1758.3 crore in FY-2014. Ad revenue in Q4-2015 grew 5.7 per cent to Rs 465.3 crore from Rs 440.1 crore in the year ago quarter, but declined 6.3 per cent from the Rs 496.1 crore in the trailing quarter.

     

    Circulation revenue in FY-2015 improved 10.8 per cent to Rs 284.8 crore from Rs 257 crore in FY-2014. In Q4-2015, circulation revenue improved 8.6 per cent to Rs 71.1 crore from Rs 65.5 crore in Q4-2014, but declined 3.1 per cent from Rs 73.4 crore in Q3-2015.

     

    Other revenues in the current year declined 7.8 per cent to Rs 320.7 crore from Rs 347.7 crore in FY-2014. Other revenues improved 12.5 per cent in the current quarter to Rs 90.3 crore in Q4-2015 from Rs 80.3 crore in Q4-2014 and improved 13.2 per cent from Rs 79.8 crore in Q3-2014

     

    Segment Revenue

     

    Three segments contribute to HT Media’s numbers – (1) Printing and publishing of newspapers and periodicals (Publishing) (2) Radio and (3) Digital.

     

    Radio segment’s results have been mentioned above.

     

    Printing & Publishing of Newspapers & Periodicals (Printing)

     

    The segment reported 2.9 per cent growth in revenue FY-2015 at Rs 2088.34 crore in FY-2015 as compared to the Rs 2029.61 crore in FY-2014. Revenue in Q4-2015 at Rs 522.85 crore was 5.5 per cent more than the Rs 495.65 crore in the corresponding year ago quarter, but declined 5.5 per cent as compared to the Rs 553.20 crore in Q3-2015.

     

    Printing segment reported 9.4 per cent decline in operating profit to Rs 280.20 crore in Fy-2015 from Rs 309.41 crore in FY-2014. The segment’s operating profit in Q4-2015 declined 10.1 per cent to Rs 70.12 crore from Rs 78.04 crore in Q4-2014 and declined 10.7 per cent from Rs 78.49 crore in Q3-2015.

     

    Digital segment

     

    HT Media’s digital segment reported 36.3 per cent growth in FY-2015 to Rs 103.90 crore from Rs 76.22 crore in FY-2014.The segment reported 31.1 per cent growth in operating revenue to Rs 28.60 crore from Rs 21,82 crore in Q4-2014 and was 7.3 per cent more than the Rs 26.65 crore in Q3-2015. The segment has been reporting operating loss on a regular basis.

     

    Company speak

     

    HT Media chairperson and editorial director Shobana Bhartia said, “We ended the year on a high note on the back of a growth in ad revenue and higher circulation in Mumbai and the Hindi belt. Hindustan Times’ Mumbai edition and Hindustan’s Uttar Pradesh editions, strengthened their presence in their respective geographies, and were both profitable. Our digital businesses grew handsomely and are at an inflection point. Radio continues to do well and we will invest in its growth. With a strong base, our continuing focus on digital initiatives and stronger tailwinds in the economy, we are confident of delivering value to our shareholders in the year ahead.”

     

    The Board of Directors at its meeting on 15 May, 2015 recommended a dividend of Rs0.40 perequity share of Rs2 each; translating to 20 per cent of face value. Dividend for the year amounted to Rs 9.31 crore (excluding Dividend Distribution Tax).

     

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    Click here for the Earnings Presentation  

  • FY-2015: Hindustan Media Ventures revenue up 12%, PAT up 26.7%

    FY-2015: Hindustan Media Ventures revenue up 12%, PAT up 26.7%

    BENGALURU: Publisher of Hindi newspaper Hindustan, Hindi socio cultural magazine Kadambini and children’s Hindi magazine Nandan, Hindustan Media Ventures Limited (HMVL – not to be confused with HT Media Limited of Hindustan Times, Mint and Fever FM fame) reported 12.2 per cent increase in Total Income from Operations (TIO) in FY-2015 to Rs 818.58 crore as compared to the Rs 729.72 crore in FY-2014. TIO in Q4-2014 (quarter ended 31 March, 2015, current quarter) at Rs 199.3 crore grew 8.4 per cent from Rs 183.88 crore in Q4-2014, but declined 3.7 per cent from Rs 206.87 crore in the immediate trailing quarter.

    Note: 100,00,000 = 100 lakh = 10 million = 1 crore

    HMVL reported a 26.7 per cent hike in profit after tax (PAT) in FY-2015 at Rs 140.86 crore as compared to the Rs 111.121 crore in FY-2014. PAT in Q4-2015 improved 43.1 per cent to Rs 38.94 crore as compared to the Rs 27.21 crore in Q4-2014 and improved 6.5 per cent as compared to the Rs 36.58 crore in the immediate trailing quarter.

    Advertising and circulation revenues:

    The company’s advertising revenue in FY-2015 grew 12.5 per cent to Rs 596.50 crore as compared to the Rs 530 crore in the previous year. Ad revenue in Q4-2015 at Rs 146.6 crore was 10.3 per cent more than the Rs 132.9 crore in the corresponding year ago quarter, but declined 3.7 per cent as compared to the Rs 152.2 crore in Q3-2015.

    Circulation revenue in FY-2015 at Rs 200.70 crore improved 12.6 per cent from Rs 178.20 crore in FY-2014. Q4-2015 circulation revenue was 11.6 per cent higher at Rs 50.80 when compared to the Rs 45.5 crore in Q4-2014, but declined by 0.4 per cent as compared to the Rs 51 crore in Q3-2015.

    Let us look at the other numbers reported by HMVL:

    The company’s total expenditure (TE) in FY-2015 at Rs 676.41 crore was up 12.7 per cent from Rs 600.04 crore in FY-2014. TE in Q4-2015 at Rs 163.3 crore was five per cent more than the Rs 155.58 crore in Q4-2014, but 5.6 per cent lower than the Rs 172.91 crore in Q3-2014.

    A major component of HMVL’s TE is cost of raw materials (RM). In FY-2015, HMVL’s RM cost at Rs 337.40 crore was 12.3 per cent more than the Rs 300.44 crore in FY-2014. RM cost in Q4-2014 at Rs 79.14 crore was two per cent lower than the Rs 80.76 crore in the corresponding year ago quarter but 8.7 per cent lower than the Rs 86.69 crore in Q3-2015.

    The company’s employee benefit expense (employee cost) in FY-2015 at Rs 108.6 crore was 23.4 per cent more than the Rs 86.55 crore in FY-2014. In Q4-2015, employee cost at Rs 26.52 crore was 22.1 per cent more than the Rs 21.72 crore in Q4-2014, but 3.5 per cent lower than the Rs 26.52 crore in Q3-2015.

    Company Speak

    HMVL chairperson Shobana Bhartia said, “We are pleased to report that we grew faster than the industry in terms of both revenue and profits. We did this despite an increase in our structural costs and a difficult operating environment. The year also saw us cement our number two position in Uttar Pradesh and Delhi, even as we retained our leadership positions in Uttarakhand, Bihar and Jharkhand by a wide margin. Our robust performance, coupled with expected improvement in the macroeconomic environment, gives us confidence that we will continue to outperform the market in the coming year. Our established brand, increasing readership and a healthy balance sheet provide us with a strong grounding for the future.”