ITV

Tag: TIO

  • Siti subs rev up; one million subs migrate to pre-paid billing

    BENGALURU: The Subhash Chandra-led Siti Networks Limited (Siti) formerly known as Siti Cable Network Limited, reported 40 percent growth in subscription revenue for the nine month period ended 31 December 2016 (9M-19, YTD) which the company says was Rs 408 in its earnings release.

    To further enhance the collections from the ground, Siti says that it is moving to pre-paid billing from current post-paid mode. To achieve this objective pre-paid billing has commenced in select states including Maharashtra, Madhya Pradesh, Chhattisgarh, Rajasthan, Karnataka and Uttar Pradesh across 60 locations with 1 million subscribers migrated to pre-paid as of now. Siti says that it is looking to roll out pre-paid billing across all geographies in the near future.

    Consolidated Total Income from Operations (TIO) for the quarter ended 31 December 2016 (Q3-17, current quarter) declined 13.2 percent year-over-year (y-o-y) to Rs 298.46 crore from Rs 344 crore in Q3-16, but increased 3.3 percent quarter-over-quarter (q-o-q) from Rs 288.97 crore in Q2-17.

    Consolidated simple EBIDTA without other income for the current quarter declined 42.4 percent y-o-y to Rs 55.02 crore (18.4 percent of TIO, margin) from Rs 95.45 crore (27.7 percent margin), but increased 16.2 percent q-o-q from rs 47.34 crore (16.4 percent margin). The company reported a lower q-o-q net loss in the current quarter at Rs 26.34 crore as compared to a net loss of Rs 46.89 crore in the immediate trailing quarter. Siti had reported a profit after tax (PAT) for Q3-16 of Rs 14.66 crore (4.3 percent margin).

    Company speak in its earnings release

    Siti executive director & CEO, V D Wadhwa said, “Our persistent efforts have resulted in improved monetization in Phase-3 DAS areas as we continue to digitize our subscriber base and expand our footprint. At the same time, commencement of pre-paid billing will simplify our business model and improve collection efficiency.”

    “The expected Tariff Order will provide further impetus to Industry cash flows and aid in rapid growth. Although there were some near term headwinds in Broadband on account of demonetization, we remain confident of retaining the momentum in the coming quarters,” added Wadhwa.

    Siti says that its Broadband internet (Broadband) customer base grew to 2.13 lakh by Q3-17 exit. It has introduced new plans in Delhi and Haryana under both unlimited & limited data category catering to the ever increasing data usage needs of Broadband customers. The company expects to roll out high speed DOCSIS 2 and 3 Broadband Services in 5 locations by Q1-18.

    Siti claims that its continuous focus on HD services has started to yield results, with SITI HD+ customer base up 33 percent over Q2-17 to 1.2 lacs. To further give boost to HD adoption, the company has rolled out an SD to HD STB upgrade offer. The company says that there has been strong adoption being seen in Phase 3 & 4 areas. Siti is offers about 50 HD channels across a wide array of genres across geographies.

    Since the launch of SITI-DITTO OTT services, the company says its OTT customer base has grown strongly to 31,000 subscribers. Siti is aggressively exploring options with other OTT players to harness growth in this fast expanding space.

    Four local channels were launched in Q3-17 on the lines of My Siti channel launched in the earlier quarter.

    Let us look at the other numbers reported by Siti

    Total Expenditure increased 6.4 percent y-o-y to Rs 305.99 crore (102.5 percent of TIO) from Rs 287.67 crore (83.6 percent of TIO) in the corresponding year ago quarter and increased 2.4 percent q-o-q from Rs 298.81 crore (103.4 percent of TIO).

    Employee Benefit Expense increased 33.8 percent to Rs 19.07 crore (6.4 percent of TIO) in the current quarter from Rs 14.26 (4.1 percent of TIO) crore in Q3-16 but reduced 7.9 percent from Rs 20.70 crore (7.2 percent of TIO).

    Carriage sharing, pay channel and related costs in Q3-17 declined 2.9 percent y-o-y to Rs 144.40 crore (48.4 percent of TIO) from Rs 148.66 crore (43. 2 percent of TIO) and was almost flat (increased 0.7 percent) q-o-q as compared to Rs 143.141 crore (49.6 percent of TIO).

    Finance costs in the current quarter increased 2.6 percent y-o-y to Rs 35.97 crore (12.1 percent of TIO) from Rs 35.05 crore (10.2 percent of TIO) and increased 28.5 percent q-o-q from Rs 28 crore (9.7 percent of TIO.

    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: Higher subscription revenue, activation fees boosts Ortel revenue

    Q2-17: Higher subscription revenue, activation fees boosts Ortel revenue

    BENGALURU: The Bibhu Prasad Rath led regional cable television and broadband internet player Ortel Communications Limited (Ortel) reported 17.3 percent year-over-year (y-o-y) growth in total revenue from operations (TIO) for the quarter ended 30 September 2016 (Q2-17, current quarter). Quarter-over-quarter (q-o-q), TIO increased 2.5 percent in the current quarter as compared to the immediate trailing quarter. Ortel reported TIO of Rs 53.7 crore for Q2-17, of Rs 45.8 crore for Q2-16 and Rs 52.4 crore for Q1-17.

    Profit after tax (PAT) for Q2-17 declined 10.2 percent y-o-y to Rs 2.5 crore from Rs 2.8 crore in Q2-16, but almost tripled (2.95 times) q-o-q from Rs 0.9 crore in Q1-17.

    Company speak:

    Ortel President and CEO Rath said, “We reported steady performance during the quarter led by balanced growth in Cable TV and Broadband revenues. Subscription fees in both the segments jumped by 7 percent q-o-q. More importantly, I am happy to highlight that the overall costs have stabilized with 5 percent reduction in Total Expenses. This was possible due to management’s focus on efficiency and cost rationalisation.”

    “During the quarter, we turned EBITDA positive in the emerging markets of Andhra Pradesh, Chhattisgarh, West Bengal, Telengana and Madhya Pradesh. I believe, this is a huge positive for us and I am confident that the operating performance in the emerging markets will further improve as the subscriber base increases,” said Rath further.

    “The road ahead appears encouraging and we remain on track to demonstrate solid performance in times ahead. Full control over the last mile network as well as our strategy of focusing on B2C customers will continue to drive growth for us,” revealed Rath.

    Revenue breakup

    Cable TV revenue in Q2-17 increased 35.8 percent y-o-y to Rs 42 crore from Rs 30.9 crore in Q2-16 and increased 2 percent q-o-q from Rs 41.2 crore.

    Cable TV Activation fees or connection fees in Q2-17 were almost 6 times (5.9 times) at Rs 4.2 crore as compared to Rs 0.7 crore in Q2-16, but declined 8.1 percent q-o-q from Rs 4.6 crore.

    Cable TV subscription revenue in Q2-17 increased 44.4 percent y-o-y to Rs 29.7 crore from Rs 20.6 crore and increased 7.2 percent q-o-q from Rs 27.7 crore. Channel carriage fees in the current quarter declined 16 percent y-o-y to Rs 8.1 crore from Rs 9.7 crore and declined 9 percent q-o-q from Rs 8.9 crore.

    Broadband services revenue in Q2-17 increased 22.4 percent to Rs 10 crore from Rs 8.1 crore in Q2-16 and increased 4.8 percent q-o-q from Rs 9.5 crore. Internet connection fees in Q2-17 declined 33 percent y-o-y to Rs 0.5 crore from Rs 0.7 crore and declined 24.8 percent q-o-q. Internet subscription fees in Q2-17 increased 27.9 percent y-o-y to Rs 9.5 crore from Rs 7.4 crore and increased 7 percent q-o-q from Rs 8.8 crore.

    Ortel’s revenue from its infrastructure leasing segment in Q2-17 declined 83.5 percent to Rs 1 crore from Rs 6 crore in Q2-16 but increased 3.2 percent q-o-q.

    Subscription numbers (revenue generating units – RGUs’), ARPU

    During the current quarter, the total subscribers (both cable and television) stood at 804,889 subscribers. Net addition in Q2-17 stood at 34,748

    Television ARPU’s remained almost flat. Analog and Digital TV ARPU stood as Rs. 153 per month and Rs. 154 per month for Q2-17 and Q2-16 respectively. For the immediate trailing quarter, ARPU was Rs 152. Digital ARPU’s have been falling. In Q2-17 it was Rs 167, in Q2-16, it was Rs 183 and Q1-17, ARPU was Rs 169.

    The company added 1.573 broadband subscribers in Q2-17, taking its total broadband subscriber count to 79,182.

    Broadband ARPU in the current quarter increased to Rs 406 from Rs 395 in Q2-16 and Rs 401 in Q1-17.

    Let us look at the other numbers reported by Ortel in brief.

    Total expenses (TE) in Q2-17 increased 20 percent y-o-y to Rs 37.2 crore as compared to Rs 31 crore, and declined 4.8 percent q-o-q from Rs 39 crore.

    Programming cost in Q2-17 declined 8.5 percent y-o-y at Rs. 8.6 crore as compared to Rs 9.4 crore and declined 13.3 percent from Rs 10 crore. Employee expenses during the current quarter stood 6.8 percent higher y-o-y at Rs. 6 crore as compared to Rs 5.6 crore, but declined 3.1 percent q-o-q from Rs 6.2 crore.

    EBITDA in Q2-17 (including other income) came in at Rs. 17.1 crore (31.5 percent margin), representing a y-o-y decline of 1.2 percent from Rs 17.3 (35.8 percent margin), but a 22.8 percent q-o-q increase from Rs 13.9 crore (26.3 percent margin).

    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: Higher subscription revenue, activation fees boosts Ortel revenue

    Q2-17: Higher subscription revenue, activation fees boosts Ortel revenue

    BENGALURU: The Bibhu Prasad Rath led regional cable television and broadband internet player Ortel Communications Limited (Ortel) reported 17.3 percent year-over-year (y-o-y) growth in total revenue from operations (TIO) for the quarter ended 30 September 2016 (Q2-17, current quarter). Quarter-over-quarter (q-o-q), TIO increased 2.5 percent in the current quarter as compared to the immediate trailing quarter. Ortel reported TIO of Rs 53.7 crore for Q2-17, of Rs 45.8 crore for Q2-16 and Rs 52.4 crore for Q1-17.

    Profit after tax (PAT) for Q2-17 declined 10.2 percent y-o-y to Rs 2.5 crore from Rs 2.8 crore in Q2-16, but almost tripled (2.95 times) q-o-q from Rs 0.9 crore in Q1-17.

    Company speak:

    Ortel President and CEO Rath said, “We reported steady performance during the quarter led by balanced growth in Cable TV and Broadband revenues. Subscription fees in both the segments jumped by 7 percent q-o-q. More importantly, I am happy to highlight that the overall costs have stabilized with 5 percent reduction in Total Expenses. This was possible due to management’s focus on efficiency and cost rationalisation.”

    “During the quarter, we turned EBITDA positive in the emerging markets of Andhra Pradesh, Chhattisgarh, West Bengal, Telengana and Madhya Pradesh. I believe, this is a huge positive for us and I am confident that the operating performance in the emerging markets will further improve as the subscriber base increases,” said Rath further.

    “The road ahead appears encouraging and we remain on track to demonstrate solid performance in times ahead. Full control over the last mile network as well as our strategy of focusing on B2C customers will continue to drive growth for us,” revealed Rath.

    Revenue breakup

    Cable TV revenue in Q2-17 increased 35.8 percent y-o-y to Rs 42 crore from Rs 30.9 crore in Q2-16 and increased 2 percent q-o-q from Rs 41.2 crore.

    Cable TV Activation fees or connection fees in Q2-17 were almost 6 times (5.9 times) at Rs 4.2 crore as compared to Rs 0.7 crore in Q2-16, but declined 8.1 percent q-o-q from Rs 4.6 crore.

    Cable TV subscription revenue in Q2-17 increased 44.4 percent y-o-y to Rs 29.7 crore from Rs 20.6 crore and increased 7.2 percent q-o-q from Rs 27.7 crore. Channel carriage fees in the current quarter declined 16 percent y-o-y to Rs 8.1 crore from Rs 9.7 crore and declined 9 percent q-o-q from Rs 8.9 crore.

    Broadband services revenue in Q2-17 increased 22.4 percent to Rs 10 crore from Rs 8.1 crore in Q2-16 and increased 4.8 percent q-o-q from Rs 9.5 crore. Internet connection fees in Q2-17 declined 33 percent y-o-y to Rs 0.5 crore from Rs 0.7 crore and declined 24.8 percent q-o-q. Internet subscription fees in Q2-17 increased 27.9 percent y-o-y to Rs 9.5 crore from Rs 7.4 crore and increased 7 percent q-o-q from Rs 8.8 crore.

    Ortel’s revenue from its infrastructure leasing segment in Q2-17 declined 83.5 percent to Rs 1 crore from Rs 6 crore in Q2-16 but increased 3.2 percent q-o-q.

    Subscription numbers (revenue generating units – RGUs’), ARPU

    During the current quarter, the total subscribers (both cable and television) stood at 804,889 subscribers. Net addition in Q2-17 stood at 34,748

    Television ARPU’s remained almost flat. Analog and Digital TV ARPU stood as Rs. 153 per month and Rs. 154 per month for Q2-17 and Q2-16 respectively. For the immediate trailing quarter, ARPU was Rs 152. Digital ARPU’s have been falling. In Q2-17 it was Rs 167, in Q2-16, it was Rs 183 and Q1-17, ARPU was Rs 169.

    The company added 1.573 broadband subscribers in Q2-17, taking its total broadband subscriber count to 79,182.

    Broadband ARPU in the current quarter increased to Rs 406 from Rs 395 in Q2-16 and Rs 401 in Q1-17.

    Let us look at the other numbers reported by Ortel in brief.

    Total expenses (TE) in Q2-17 increased 20 percent y-o-y to Rs 37.2 crore as compared to Rs 31 crore, and declined 4.8 percent q-o-q from Rs 39 crore.

    Programming cost in Q2-17 declined 8.5 percent y-o-y at Rs. 8.6 crore as compared to Rs 9.4 crore and declined 13.3 percent from Rs 10 crore. Employee expenses during the current quarter stood 6.8 percent higher y-o-y at Rs. 6 crore as compared to Rs 5.6 crore, but declined 3.1 percent q-o-q from Rs 6.2 crore.

    EBITDA in Q2-17 (including other income) came in at Rs. 17.1 crore (31.5 percent margin), representing a y-o-y decline of 1.2 percent from Rs 17.3 (35.8 percent margin), but a 22.8 percent q-o-q increase from Rs 13.9 crore (26.3 percent margin).

    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: New initiatives lower TV18 operating profit

    Q2-17: New initiatives lower TV18 operating profit

    BENGALURU: The Mukesh Ambani group-owned TV18 Broadcast Limited (TV18) reported operating profit of Rs 9.1 crore for the quarter ended 30 September 2016 (Q2-17, current quarter) as compared to Rs 10.8 crore in the corresponding year-ago quarter. The company says in its earnings release that excluding the impact of new initiatives, the operating profit for the quarter was Rs. 21.2 crore.

    The company’s consolidated gross revenue including proportionate share of joint ventures (JV) in Q2-17 increased 8.6 per cent year-over-year (y-o-y) to Rs 653.47 crore as compared to Rs 608.53 crore. TV18’s total income from operations (TIO) in the current quarter increased 5.3 per cent y-o-y to Rs 239.83 crore as compared to Rs 227,68 crore.

    Consolidated media operations segment revenue (including share of JV) in the current quarter increased 14.4 per cent to Rs 647.19 crore as compared to Rs 565.91 crore in the corresponding year-ago quarter. The segment’s operating profit was just a fraction of the corresponding year ago period at Rs 1.33 crore as compared to Rs 19.75 crore.

    TV18 says that during the quarter the group remained in investment mode to position it well for the future. The information and entertainment bouquet was revamped with new launches, talent pool beefed up and accent was placed on creating/curating high quality content for both TV and digital media. Segment loss before interest and tax on a consolidated basis including the performance of joint ventures stood at Rs. 3 crore for the quarter versus. segment profit of Rs. 24.7 crore in Q2-16. Excluding the impact of new initiatives and one-time expense, the segment profit for the quarter was Rs.70.1 crore

    Film Production and Distribution segment reported 79.8 percent y-o-y drop in revenue at Rs 8.60 crore in Q2-17 as compared to Rs 42.62 crore. The segment reported operating loss of Rs 2.90 crore as against an operating profit of Rs 1.90 crore in the quarter ended 30 September 2015.

  • Q2-17: New initiatives lower TV18 operating profit

    Q2-17: New initiatives lower TV18 operating profit

    BENGALURU: The Mukesh Ambani group-owned TV18 Broadcast Limited (TV18) reported operating profit of Rs 9.1 crore for the quarter ended 30 September 2016 (Q2-17, current quarter) as compared to Rs 10.8 crore in the corresponding year-ago quarter. The company says in its earnings release that excluding the impact of new initiatives, the operating profit for the quarter was Rs. 21.2 crore.

    The company’s consolidated gross revenue including proportionate share of joint ventures (JV) in Q2-17 increased 8.6 per cent year-over-year (y-o-y) to Rs 653.47 crore as compared to Rs 608.53 crore. TV18’s total income from operations (TIO) in the current quarter increased 5.3 per cent y-o-y to Rs 239.83 crore as compared to Rs 227,68 crore.

    Consolidated media operations segment revenue (including share of JV) in the current quarter increased 14.4 per cent to Rs 647.19 crore as compared to Rs 565.91 crore in the corresponding year-ago quarter. The segment’s operating profit was just a fraction of the corresponding year ago period at Rs 1.33 crore as compared to Rs 19.75 crore.

    TV18 says that during the quarter the group remained in investment mode to position it well for the future. The information and entertainment bouquet was revamped with new launches, talent pool beefed up and accent was placed on creating/curating high quality content for both TV and digital media. Segment loss before interest and tax on a consolidated basis including the performance of joint ventures stood at Rs. 3 crore for the quarter versus. segment profit of Rs. 24.7 crore in Q2-16. Excluding the impact of new initiatives and one-time expense, the segment profit for the quarter was Rs.70.1 crore

    Film Production and Distribution segment reported 79.8 percent y-o-y drop in revenue at Rs 8.60 crore in Q2-17 as compared to Rs 42.62 crore. The segment reported operating loss of Rs 2.90 crore as against an operating profit of Rs 1.90 crore in the quarter ended 30 September 2015.

  • Q1-17: Shemaroo reports 23 percent growth in revenue, PAT up 20 percent

    Q1-17: Shemaroo reports 23 percent growth in revenue, PAT up 20 percent

    BENGALURU: Indian integrated media content house Shemaroo Entertainment Limited (Shemaroo) reported  23.5 percent higher  y-o-y consolidated Total Income from Operations (TIO) for the quarter ended 30 June 2016 (Q1-17, current quarter) at Rs 95.87 crore as compared to the Rs 77.63 crore in Q2-16. However, TIO in the current quarter was 6.8 percent lower quarter-over-over (q-o-q) than the Rs 93.53 crore in Q4-16.

    Shemaroo’s consolidated PAT for the current quarter improved 20.3 percent y-o-y to Rs 14.04 crore (14.6 percent margin) as compared to the Rs 11.67 crore (15 percent margin) but was 14.7 percent lower as compared to the Rs 16.46 crore (16 percent margin) in Q4-16.

    Shemaroo’s EBIDTA including other income in the current quarter at Rs 30.14 crore (31.4 percent margin) increased 23 percent y-o-y from Rs 24.48 crore (31.5 percent margin), but declined 11.2 percent q-o-q from Rs 33.91 crore (33 percent margin).

    Shemaroo’s wholetime director and CFO Hiren Gada, said, “It has been yet another quarter of consistent growth for us with the topline growing y-o-y and with healthy margins. Improving technology and infrastructure continues to contribute in scaling up our revenue from digital platforms. To maintain the momentum of upward trajectory in the business, we will look to further explore and monetize our content on various upcoming platforms.”

    Let us look at the other numbers reported by Shemaroo

    The company has two business divisions – New Media and Traditional media. Revenue from New Media business increased 50.3 percent y-o-y to Rs 20.14 crore from Rs 13.40 crore. Traditional Media revenue increased 16.7 percent y-o-y to Rs 74.96 crore from Rs 64.34 crore.

    The company’s Total Expenditure (TE) in Q1-17 at Rs 67.13 crore (70 percent of TIO) was 23.2 percent more y-o-y than the Rs 54.50 crore (70.2 percent of TIO) but was 4.1 percent lower q-o-q than Rs 69.97 crore (68 percent of TIO).

    The company’s cost of Raw Materials consumed decreased 37 percent y-o-y in Q1-17 to Rs 58.38 crore (60.9 percent of TIO) as compared to Rs 92.65 crore (119.3 percent of TIO) and decreased 3.9 percent q-o-q as compared to Rs 60.77 crore (59.1 percent of TIO).

    Employee Benefit Expense (EBE) in Q1-17 increased 67.7 percent y-o-y to Rs 7.68 crore (8 percent of TIO) as compared to Rs 4.58 crore (5.9 percent of TIO) and increased 4.9 percent q-o-q as compared to Rs 7.32 crore (7.1 percent of TIO)

    Basic and undiluted EPS (not annualised) for Q1-17 was Rs 5.17, for Q1-16 it was Rs 4.29; in Q4-2016 EPS was Rs 6.05.

    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.

  • Q1-17: Shemaroo reports 23 percent growth in revenue, PAT up 20 percent

    Q1-17: Shemaroo reports 23 percent growth in revenue, PAT up 20 percent

    BENGALURU: Indian integrated media content house Shemaroo Entertainment Limited (Shemaroo) reported  23.5 percent higher  y-o-y consolidated Total Income from Operations (TIO) for the quarter ended 30 June 2016 (Q1-17, current quarter) at Rs 95.87 crore as compared to the Rs 77.63 crore in Q2-16. However, TIO in the current quarter was 6.8 percent lower quarter-over-over (q-o-q) than the Rs 93.53 crore in Q4-16.

    Shemaroo’s consolidated PAT for the current quarter improved 20.3 percent y-o-y to Rs 14.04 crore (14.6 percent margin) as compared to the Rs 11.67 crore (15 percent margin) but was 14.7 percent lower as compared to the Rs 16.46 crore (16 percent margin) in Q4-16.

    Shemaroo’s EBIDTA including other income in the current quarter at Rs 30.14 crore (31.4 percent margin) increased 23 percent y-o-y from Rs 24.48 crore (31.5 percent margin), but declined 11.2 percent q-o-q from Rs 33.91 crore (33 percent margin).

    Shemaroo’s wholetime director and CFO Hiren Gada, said, “It has been yet another quarter of consistent growth for us with the topline growing y-o-y and with healthy margins. Improving technology and infrastructure continues to contribute in scaling up our revenue from digital platforms. To maintain the momentum of upward trajectory in the business, we will look to further explore and monetize our content on various upcoming platforms.”

    Let us look at the other numbers reported by Shemaroo

    The company has two business divisions – New Media and Traditional media. Revenue from New Media business increased 50.3 percent y-o-y to Rs 20.14 crore from Rs 13.40 crore. Traditional Media revenue increased 16.7 percent y-o-y to Rs 74.96 crore from Rs 64.34 crore.

    The company’s Total Expenditure (TE) in Q1-17 at Rs 67.13 crore (70 percent of TIO) was 23.2 percent more y-o-y than the Rs 54.50 crore (70.2 percent of TIO) but was 4.1 percent lower q-o-q than Rs 69.97 crore (68 percent of TIO).

    The company’s cost of Raw Materials consumed decreased 37 percent y-o-y in Q1-17 to Rs 58.38 crore (60.9 percent of TIO) as compared to Rs 92.65 crore (119.3 percent of TIO) and decreased 3.9 percent q-o-q as compared to Rs 60.77 crore (59.1 percent of TIO).

    Employee Benefit Expense (EBE) in Q1-17 increased 67.7 percent y-o-y to Rs 7.68 crore (8 percent of TIO) as compared to Rs 4.58 crore (5.9 percent of TIO) and increased 4.9 percent q-o-q as compared to Rs 7.32 crore (7.1 percent of TIO)

    Basic and undiluted EPS (not annualised) for Q1-17 was Rs 5.17, for Q1-16 it was Rs 4.29; in Q4-2016 EPS was Rs 6.05.

    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.

  • FY-16: UFO Moviez ad revenue 35 percent up

    FY-16: UFO Moviez ad revenue 35 percent up

    BENGALURU: Indian digital cinema distribution network and in-cinema advertising platform, UFO Moviez Limited (UFO) reported a 35.3 percent growth in advertising revenue for the year ended 31 March 2016 (FY-16, current year). The company reported advertising revenue of Rs 157.8 crore in FY-16 as compared to Rs 116.7 crore in the previous year. Average advertisement minutes sold per show per screen increased to 4.15 (FY-15 – 3.36) minutes during the year. Theatrical and In-Cinema advertisement (consolidated excluding new businesses) revenues grew by 18.6 percent to Rs 567.1 crore (FY-15 – Rs 478.3 crore). Consolidated revenues improved by 19.4 percent to Rs 572.1 crore (FY-15 – Rs 479.3 crore)

    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.

    Let us look at the other numbers reported by UFO Moviez

    Total Expense in FY-16 increased 17.5 percent to Rs 464.70 crore from Rs 395.45 crore in FY-15. Ad revenue share (expense) in FY-16 increased 27.2 percent to Rs 47.15 crore from Rs 39.39 crore in the previous year. Visual Print sharing expense in FY-16 increased 22.9 percent to Rs 73.36 crore from Rs 63.31 crore.

    The company’s expense towards purchase of digital cinema equipment and lamps in the current year increased 62.7 percent to Rs 66.0s crore as compared to Rs 40.59 crore in FY-15.

    Company speak

    “Fiscal 2016 was another successful year for UFO as our financial results exceeded expectations across all metrics,” said UFO Moviez founder and managing director Sanjay Gaikwad. “Our confidence in our advertisement growth strategy has further strengthened. We continued to generate strong cash flows, allowing us to return value to our shareholders through dividends. We are excited about the potential of our advertisement platform and committed to deliver growth ahead aiming at unlocking further value for shareholders.”

    “UFO delivered record revenue and profitability with consistent growth year on year for the last 5 fiscal years,” said Kapil Agarwal, Joint Managing Director. “Our theatrical business continues to deliver stable results and we remain strategically focused on driving growth through advertising.   Momentum from advertisements continued in fiscal 2016 with advertisement sales exceeding 35 percent growth achieving record levels. As we enter fiscal 2017, we remain confident in our momentum and see tremendous opportunity and exciting prospects for the company.”

  • FY-16: UFO Moviez ad revenue 35 percent up

    FY-16: UFO Moviez ad revenue 35 percent up

    BENGALURU: Indian digital cinema distribution network and in-cinema advertising platform, UFO Moviez Limited (UFO) reported a 35.3 percent growth in advertising revenue for the year ended 31 March 2016 (FY-16, current year). The company reported advertising revenue of Rs 157.8 crore in FY-16 as compared to Rs 116.7 crore in the previous year. Average advertisement minutes sold per show per screen increased to 4.15 (FY-15 – 3.36) minutes during the year. Theatrical and In-Cinema advertisement (consolidated excluding new businesses) revenues grew by 18.6 percent to Rs 567.1 crore (FY-15 – Rs 478.3 crore). Consolidated revenues improved by 19.4 percent to Rs 572.1 crore (FY-15 – Rs 479.3 crore)

    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.

    Let us look at the other numbers reported by UFO Moviez

    Total Expense in FY-16 increased 17.5 percent to Rs 464.70 crore from Rs 395.45 crore in FY-15. Ad revenue share (expense) in FY-16 increased 27.2 percent to Rs 47.15 crore from Rs 39.39 crore in the previous year. Visual Print sharing expense in FY-16 increased 22.9 percent to Rs 73.36 crore from Rs 63.31 crore.

    The company’s expense towards purchase of digital cinema equipment and lamps in the current year increased 62.7 percent to Rs 66.0s crore as compared to Rs 40.59 crore in FY-15.

    Company speak

    “Fiscal 2016 was another successful year for UFO as our financial results exceeded expectations across all metrics,” said UFO Moviez founder and managing director Sanjay Gaikwad. “Our confidence in our advertisement growth strategy has further strengthened. We continued to generate strong cash flows, allowing us to return value to our shareholders through dividends. We are excited about the potential of our advertisement platform and committed to deliver growth ahead aiming at unlocking further value for shareholders.”

    “UFO delivered record revenue and profitability with consistent growth year on year for the last 5 fiscal years,” said Kapil Agarwal, Joint Managing Director. “Our theatrical business continues to deliver stable results and we remain strategically focused on driving growth through advertising.   Momentum from advertisements continued in fiscal 2016 with advertisement sales exceeding 35 percent growth achieving record levels. As we enter fiscal 2017, we remain confident in our momentum and see tremendous opportunity and exciting prospects for the company.”

  • FY-16: Hathway revenue up 13.7 percent, EBIDTA up 51.7 percent

    FY-16: Hathway revenue up 13.7 percent, EBIDTA up 51.7 percent

    BENGALURU: Indian multi system operator (MSO) Hathway Cable and Datacom Limited (Hathway) reported 13.7 per cent growth in Total Income from operations (TIO) and 51.7 percent growth in operating profits (EBIDTA) for the fiscal ended 31 March 2016 (FY-16, current year). The company reported TIO of Rs 2,081.63 crore in FY-16 as compared to Rs 1,831.60 crore in the previous year. The company’s EBDITA in the current year was Rs 388.69 crore (18.7 percent EBIDTA margin) and was Rs 256.16 crore (14 percent EBIDTA margin) in the previous year. The company narrowed its loss in the current year to Rs 163.13 crore in FY-16 from a loss of Rs 180.45 crore in FY-16.

    High growth in Activation fees and Broadband revenue are chiefly responsible for the improved performance.

    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.

    The company’s broadband segment has been performing very well, as a matter of fact, among the national level MSOs’ Hathway has the highest subscription and revenue numbers among all of them. Hathway says that it has invested Rs 206 crore into its Broadband business in FY-16.

    Hathway’s consolidated broadband subscribers increased 38 percent in FY16 to 6.272 lakh from 4.558 lakh in FY-15. Consolidated broadband revenue in the current year increased 61 percent to Rs 399.3 crore from Rs 247.5 crore in the previous year. Broadband ARPU in the current year increased to Rs 670 from Rs 530 in the previous year.

    Consolidated reported CATV subscription revenue in the current year declined 3.3 percent to Rs 812.7 crore from Rs 840.3 crore in FY-15.

    The company says that it deployed 22 lakh set top boxes in FY-16, 10 lakh of them in the last quarter of FY-16, and it has 1.06 crore CATV digital subscriber’s (87 percent of its subscriber base of 1.23 crore). Its DAS phase I area standalone Average Revenue Per User (ARPU) in the quarter ended 31 March 2016 (Q4-16, current quarter) increased to Rs 105 from Rs 100 in Q4-15. Its standalone DAS phase II area ARPU in Q4-16 increased to Rs 86 from Rs 67 in the corresponding year ago quarter.

    Placement revenue in the current year declined 4 percent to Rs 598.8 crore from Rs 626.9 crore in the previous year.

    Activation revenue almost tripled (2.8 times) in FY-16 to Rs 227.9 crore from Rs 82.4 crore in FY-15.

    Other revenue increased 24 percent in FY-15 to Rs 42.9 crore from Rs 34.6 in the previous year.

    Hathway’s Total Expenditure in FY-16 increased 8.9 percent to Rs 2,072.56 crore (99.6 percent of TIO) from Rs 1,903.38 crore (103.9 percent of TIO) in the previous year.

    Pay channel cost in the current year increased 1 percent to Rs 821.65 crore (39.5 percent of TIO) from Rs 813.13 crore (44.4 percent of TIO) in FY-15.