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Tag: TV Today Network Limited

  • TV Today numbers subdued but profitable for first quarter in Covid2019 period

    TV Today numbers subdued but profitable for first quarter in Covid2019 period

    BENGALURU: Most corporates, and more so broadcasters, have reported red bottom-lines for the first full COVID2019 quarter and the first quarter of fiscal 2020-21 (quarter ended 30 June 2020, Q1 2021, quarter or period under review). The pandemic has hit revenues due to the almost global lockdown as humanity grappled with a new unknown danger. The India Today Group’s broadcasting company T. V. Today Network Ltd (TVTN) also reported decline in revenues, but, at the same time reported black in its bottom-line – consolidated Profit after Tax (PAT) for Q1 2021 declined 75 percent y-o-y to Rs 12.76 crore from the consolidated PAT of Rs 51.03 crore for the corresponding year ago quarter Q1 2020. Simple operating EBITDA in Q1 2021 declined 59.7 percent y-o-y to Rs 30.01 crore (17.9 percent of operating revenue) from Rs 75.45 crore (30.2 percent of operating revenue) in the corresponding year ago quarter.

    TVTN reported consolidated Operating revenue of Rs 167.68 crore for the quarter, which was 31.9 percent lower y-o-y than the Rs 246.14 crore for Q1 2020. Total Income (Operating revenue plus other income) for Q1 2021 was 32.6 percent lower y-o-y at Rs 175.45 crore as compared to the Rs 260.50 crore for Q1 2020.

    Segment Revenue

    TVTN has four segments – Television Broadcasting (TV); Radio Broadcasting (Radio); Others; and Newspaper Publishing. TV and Others segments reported positive operating results (operating profits, while Radio and Newspaper Publishing segments reported operating losses for Q1 2021.

    TVTN says that it wants to sell the three radio stations under its Radio segment and is awaiting government approvals for the same. It has also decided to suspend publication of its English newspaper Mail Today from 10 August 2020. The content however will continue to be published in digital format says the company.

    TV segment operating revenue fell 33.7 percent y-o-y to Rs 137/79 crore in the quarter under review from Rs 207.74 crore in Q1 2020. The segment’s operating result declined 60.2 percent y-o-y in Q1 2020 to Rs 25.56 crore from Rs 64.24 crore in Q1 2020.

    Radio segment operating revenue declined 93.9 percent y-o-y in Q1 2021 to Rs 0.23 crore from Rs 3.78 crore in the corresponding year ago quarter. Radio operating result was a higher loss of Rs 5.60 crore in Q1 2021 as compared to an operating loss of Rs 3.73 crore in Q1 2020.

    Others segment had operating revenue of Rs 27.55 crore in Q1 2021 which was 4.7 percent less y-o-y than the Rs 28.90 crore in Q1 2020. Others segment operating result reduced 22.8 percent y-o-y to Rs 5.51 crore in the quarter from Rs 7.14 crore in Q1 2020.

    Newspaper Publishing business operating revenue declined 62.9 percent y-o-y to Rs 2.13 crore in Q1 2020 from Rs 5.74 crore in Q1 2020. The company reported a higher operating loss (result) of Rs 2.22 crore for Q1 2021 as compared to a loss of Rs 0.04 crore in Q1 2020.

    Let us look at the other numbers reported by the company for Q1 2020

    TVTN reported 18.9 percent y-o-y lower consolidated total expenditure for Q1 2021 at Rs 147.64 crore than Rs 182.11 crore for Q1 2020. Consolidated cost of materials consumed during the period under review was 76.5 percent lower y-o-y at Rs 0.16 crore than Rs 0.68 crore in Q1 2020. Consolidated Production cost in Q1 2021 fell 39.7 percent y-o-y to Rs 17.27 crore from Rs 28.65 crore in the year ago quarter. Consolidated Employee Benefit Expenses in Q1 2021 declined 10.1 percent y-o-y to Rs 59.70 crore from Rs 66.44 crore in Q1 2020. Consolidated Finance costs reduced by 22.9 percent y-o-y in Q1 2021 to Rs 0.63 crore from Rs 0.82 crore in Q1 2020. Consolidated Other expenses reduced 20.3 percent y-o-y during the quarter under review to Rs 60.54 crore from Rs 75.93 crore in Q1 2020.

  • TV Today board recommends final 45% dividend for FY 2020

    TV Today board recommends final 45% dividend for FY 2020

    BENGALURU: TV Today Network Limited (TVTN) reported 15.5 per cent and 6.3 per cent growth in consolidated revenue from operations (Op Rev) and consolidated profit after tax (PAT) respectively for the year ended 31 March 2020 (FY 2020, year or period under review) as compared to the previous year ago (FY 2019). Consolidated simple operating EBIDTA for the year under review increased 8.2 per cent as compared to FY 2019.

    TVTN reported consolidated Op Rev of Rs 857.22 crore and Rs 742.24 crore for FY 2020 and FY 2019 respectively. Total Income for FY 2020 increased 15.6 per cent to Rs 900.53 from Rs 778.92 crore in FY 2019. Consolidated PAT for FY 2020 was Rs 139.36 crore as compared to Rs 131.10 crore in FY 2019.  Consolidated simple operating EBIDTA for FY 2020 was Rs 215.95 crore (25.2 per cent of Op Rev) as compared to Rs 199.58 crore (26.9 per cent of Op Rev) in FY 2019.

    The board of directors of TVTN recommended a final dividend of Rs 2.25 (45 per cent) per equity share of Rs 5 each for FY 2020. The parent company of the group had earlier paid an interim dividend of Rs 20 per equity share on October 22, 2019. The total dividend for the financial year 2019-20 amounts to Rs 22.25 or 445 per cent per equity share of Rs. 5 each.

    Segment revenue

    TVTN has four segments: television broadcasting (TV); radio broadcasting (radio); others; and newspaper publishing. TV and other segments reported growth in revenue and operating results, while radio and newspaper publishing segments had decline in revenue and the company reported operating losses from these segments.

    TV segment operating revenue grew 14.4 per cent to Rs 698.96 crore in FY 2020 from Rs 611.15 crore in FY 2019. The segment’s operating result was flat in the period under review at Rs180.81 crore as compared to Rs 180.82 crore in the previous year.

    Radio segment operating revenue declined 36.2 per cent in FY 2020 to Rs 14.86 crore from Rs 23.30 crore in FY 2019. Radio operating result was a higher loss of Rs 14 crore in FY 2020 as compared to a loss of Rs 4.74 crore in FY 2019.

    Others segment had operating revenue of Rs 115.73 crore in FY 2020 which was 45.3 per cent higher than the Rs 79.63 crore in the previous year. Others segment operating result at Rs 23.03 crore in FY 2020 was more than twice (grew by 115.3 per cent) from Rs 10.69 crore in FY 2019

    Newspaper publishing business operating revenue declined 1.6 per cent to 28.87 5.74 crore in FY 2020 from Rs 29.30 crore in FY 2019. The company reported operating result of Rs 0.37 crore in FY 2020 as compared to a loss of Rs 2.53 crore in FY 2019.

    Let us look at the other numbers reported by the company for FY 2020

    TVTN reported consolidated total expenditure of Rs 682.60 crore for FY 2020 which was 18.7 per cent higher than the Rs 574.99 crore in FY 2019. Consolidated cost of materials consumed during the period under review was 23.6 per cent lower in FY 2020 at Rs 2.48 crore as compared to Rs 3.25 crore in FY 2019. Consolidated production cost in FY 2020 increased 16.1 per cent to Rs 91.96 crore from Rs 79.24 crore in the previous fiscal. Consolidated Employee Benefit Expenses in FY 2020 increased 12.7 per cent in FY 2020 to Rs 251.07 crore from Rs 222.69 crore in the previous year. Consolidated Finance costs increased by 243.7 per cent in FY 2020 to Rs 2.83 crore from Rs 0.82 crore in the previous year. Consolidated other expenses increased 24.5 per cent during the year under review to Rs 295.78 crore from Rs 237.48 crore in FY 2019.

  • TV Today revenue and profits up in Q1 2019

    TV Today revenue and profits up in Q1 2019

    BENGALURU: TV Today Network Ltd (TVTN) reported 30.5 percent and 27.3 percent y-o-y growth in consolidated revenue from operations (Op Rev) and consolidated profit after tax (PAT) respectively for the quarter ended 30 June 2019 (Q1 2020, quarter or period under review) as compared to the corresponding year-ago quarter Q1 2019). Consolidated simple EBITDA for the quarter under review increased 19.3 percent y-o-y as compared to Q1 2019.

    TVTN reported consolidated Op Rev of Rs 246.13 crore and Rs 188.58 crore for Q1 2020 and Q1 2019 respectively. Consolidated PAT for Q1 2020 was Rs 51.03 crore as compared to Rs 40.07 crore in Q1 2019. Consolidated EBITDA for Q1 2020 was Rs 74.45 crore (30.2 percent of Op Rev) as compared to Rs 62.40 crore (33.1 percent of Op Rev) in Q1 2019.

    Segment Revenue

    TVTN has four segments – Television Broadcasting (TV); Radio Broadcasting (Radio); Others; and Newspaper Publishing. TV and Others segments reported growth in revenue and operating results, while Radio and Newspaper Publishing segments had decline in revenue and the company reported operating losses from these segments.

    TV segment operating revenue grew 30.8 percent y-o-y to Rs 207.74 crore in Q1 2020 from Rs 158.86 crore. The segment’s operating result grew 12.4 percent y-o-y in the period under review to Rs 64.24 crore from Rs 57.14 crore.

    Radio segment operating revenue declined 34.6 percent y-o-y in Q1 2020 to Rs 3.78 crore from Rs 5.78 crore. Radio operating result was a higher loss of Rs 3.73 crore in Q1 2020 as compared to a loss of Rs 1.01 crore in Q1 2019.

    Others segment had operating revenue of Rs 28.89 crore in Q1 2020 which was 64.8 percent higher y-o-y than Rs 17.53 crore. Others segment operating result was Rs 7.14 crore, which was more than 5 times (grew by 451.3 percent) y-o-y at Rs 7.14 crore as compared to Rs 1.29 crore.

    Newspaper Publishing business operating revenue declined 11.9 percent y-o-y to Rs 5.74 crore from Rs 6.52 crore. The company reported a lower operating loss (result) of Rs 0.04 crore as compared to a loss of Rs 1.15 crore in Q1 2019.

    Let us look at the other numbers reported by the company for Q1 2020

    TVTN reported consolidated total expenditure of Rs 182.11 crore for Q1 2020 which was 35.6 percent higher y-o-y than Rs 134.26 crore in Q1 2019. Consolidated cost of materials consumed during the period under review was 11.9 percent lower y-o-y at Rs 0.68 crore as compared to Rs 0.77 crore in Q1 2019. Consolidated Production cost in Q1 2020 increased 49.8 percent to Rs 28.65 crore from Rs 19.12 crore. Consolidated Employee Benefit Expenses in Q1 2020 increased 20.6 percent y-o-y to Rs 66.44 crore from Rs 55.08 crore. Consolidated Finance costs increased by 236.2 percent y-o-y in Q1 2020 to Rs 0.82 crore from Rs 0.24 crore. Consolidated Other expenses increased 48.3 percent y-o-y during the quarter under review to Rs 75.93 crore from Rs 51.21 crore.

  • TV Today numbers flat, radio segment shows improvement

    TV Today numbers flat, radio segment shows improvement

    BENGALURU: The owners of the most watched news channel in the country, TV Today Network Limited (TVTN), reported 11.6 percent increase in operating revenue and a reduction in loss from its Radio Broadcasting segment for the quarter ended 31 December 2018 (Q3 2019, quarter or period under review) as compared to the corresponding year ago quarter (Q3 2018).

    Overall, TVTN reported 6.3 percent higher year on year (y-o-y) operating revenue for Q3 2019 at Rs 199.43 crore as compared to Rs 187.54 crore. Total Income in the quarter at Rs 205.99 crore was 6.9 percent higher y-o-y as compared to Rs 192.76 crore. The company reported standalone profit after tax or PAT of Rs 39.19 crore for Q3 2019, almost flat (1.2 percent higher) as compared to Rs 39.73 crore in Q3 2018. Standalone total comprehensive income for the period under review was also 1.2 percent higher y-o-y at Rs 39.19 crore as compared to Rs 38.74 crore in Q3 2018.

    Simple operating EBITDA was 2.1 percent higher y-o-y in the quarter under review at Rs 61.61 crore (30.9 percent of operating revenue) as compared to Rs 60.32 crore (32.2 percent of operating revenue.

    TVTN has three segments – Television Broadcasting (TV); Radio Broadcasting (Radio); and ‘Others.’ The company’s TV segment is the largest contributor to its numbers. Among the news channels TVTN has is the Hindi News channel Aaj Tak, which is the most watched news channel in the country going by Broadcast Audience Research Council of India weekly data.

    TVTN reported 3.9 percent y-o-y increase in revenue for its TV segment at Rs 170.52 crore in Q3 2019 as compared to Rs 164.14 crore. The company reported 4.3 percent y-o-y fall in the segment’s operating profit at Rs 51.91 crore in Q3 2019 as compared to Rs 54.26 crore.

    As mentioned above, TVTN reported 11.6 percent y-o-y increase in operating revenue for its radio segment for Q3 2019 at Rs 7.01 crore as compared to Rs 6.28 crore. The radio segment’s operating loss fell to Rs 2.15 crore during the period under review from an operating loss of Rs 6.10 crore in Q3 2018.

    TVTN reported 29.1 percent y-o-y increase in operating revenue for its ‘Others’ segment at Rs 22.24 crore as compared to Rs 17.24 crore. Operating result of the ‘Others’ segment for the quarter increased 17.5 percent y-o-y to Rs 5.74 crore from Rs 4.88 crore.

    Let us look at the other numbers reported by TVTN

    Standalone total expense in Q3 2019 increased 7.7 percent y-o-y to Rs 145.59 crore from Rs 135.16 crore in the corresponding quarter of the previous year. Standalone production cost increased 7.2 percent y-o-y in Q3 2019 to Rs 19.81 crore from Rs 18.48 crore in Q3 2018. Standalone employee benefit expense during the quarter under review increased 10.2 percent y-o-y to Rs 55.37 crore from Rs 50.2 crore in the corresponding period of the previous year. Standalone other expenses in Q3 2019 increased 7.1 percent y-o-y to Rs 62.65 crore from Rs 58.52 crore in Q3 2018.

  • TV Today revenue up in Q2

    TV Today revenue up in Q2

    BENGALURU: TV Today Network Ltd (TVTN) reported 3.5 percent year on year (y-o-y) increase in standalone operating revenue at Rs 163.29 crore for the quarter ended 30 September 2018 (Q2 2019, quarter or period under review) as compared to the Rs 157.80 crore for the corresponding year ago quarter (Q2 2018). Total income increased 5.3 percent y-o-y to Rs 171.59 crore in Q2 2019 from Rs 162.89 crore.

    Simple operating EBITDA was 10.5 percent lower y-o-y in the quarter under review at Rs 44.62 crore (27.1 percent of operating revenue) as compared to Rs 49.87 crore (30.3 percent of operating revenue). The company reported 5.7 percent lower standalone PAT of Rs 29.50 crore for Q2 2019 as compared to Rs 31.29 crore in Q2 2018. Standalone total comprehensive income for the quarter under review was 4.6 percent lower y-o-y at Rs 29.85 crore as compared to Rs 31.29 crore in Q2 2018.

    Segment numbers

    TVTN has three segments – Television Broadcasting (TV); Radio Broadcasting (Radio); and ‘Others.’ The company’s TV segment is the largest contributor to its numbers. TVTN reported 0.2 percent y-o-y increase in revenue for its TV segment at Rs 140.21 crore in Q2 2019 as compared to Rs 139.86 crore. The company reported 1.5 percent y-o-y decline in the segment’s operating profit at Rs 42.52 crore in Q2 2019 as compared to Rs 43.16 crore.

    TVTN reported 43 percent y-o-y increase in operating revenue for its radio segment for Q2 2019 at Rs 5.84 crore as compared to Rs 4.09 crore. However, the radio segment’s operating loss increased to Rs 4.49 crore during the period under review from an operating loss of Rs 2.92 crore.

    TVTN reported 24.3 percent y-o-y increase in operating revenue for its ‘Others’ segment at Rs 13.87 crore as compared to Rs 13.78 crore. Operating result of the ‘Others’ segment for the quarter declined 58.3 percent y-o-y to Rs 0.84 crore from Rs 2.01 crore.

    Let us look at the other numbers reported by TVTN

    Standalone total expense in Q2 2019 increased nine percent y-o-y to Rs 126.64 crore from Rs 116.15 crore in the corresponding quarter of the previous year. Standalone production cost reduced 7.8 percent y-o-y in Q2 2019 to Rs 14.23 crore from Rs 15.44 crore in Q2 2018. Standalone employee benefit expense during the quarter under review increased 9.5 percent y-o-y in Q2 2019 to Rs 52.05 crore from Rs 45.53 crore in the corresponding period of the previous year. Standalone other expenses in Q2 2019 increased 16.5 percent y-o-y to Rs 52.38 crore from Rs 44.96 crore in Q2 2018.

  • TV Today Network subsidiary receives IT demand notices

    TV Today Network subsidiary receives IT demand notices

    BENGALURU: TV Today Network Limited (TVTN) has informed the bourses that its wholly owned non-material subsidiary India Today Online Private Limited (ITOPL) has received separate demand notices from the Income Tax department.

    “In reference to the captioned subject, please take note that ITOPL has received separate notice of demands dated October 09, 2018 to the tune of Rs 26 crores and Rs 43.24 crores for the assessment years 2013-14 and 2014-15 respectively from the Income Tax Department, which were received at our office on Saturday, October 13, 2018. The management of ITOPL is evaluating the notices in the aforesaid matter and will take appropriate course of action, “ the company informed stock exchanges through a letter.

    “The receipt of aforesaid notice of demands is not a material event in accordance with the policy on determination of materiality of events of the Company (the "Policy") requiring appropriate disclosures and pertains to a non-material subsidiary of the Company. However, considering the fact that a composite scheme of arrangement and amalgamation ("Scheme") has been filed before the Hon'ble National Company Law Tribunal, New Delhi, ITOPL is in the process of being merged with the Company pursuant to the Scheme filed by the Company, as a matter of good corporate governance practice and to keep stakeholders duly informed, the aforesaid disclosure is being made. Further, as part of the Scheme documentation, the Company has already submitted the financials of ITOPL to the stock exchanges, reflecting the amounts in dispute. Kindly take the same on record,” added the company.

  • TV Today numbers up

    BENGALURU: TV Today Network Limited (TVTN) reported greatly improved consolidated results for the year ended 31 March 2017 (FY-17, current year). The Arun Purie controlled company’s consolidated profit after tax (PAT) increased 60.7 percent to Rs 991.13 million (15.7 percent margin of Total Income) as compared to the Rs 616.66 million for the previous year. TVTN’s Total Income increased 4.7 percent to Rs 6,305.77 million in the current year from Rs 6,021.98 million in FY-16.

    The improvement in performance was due to the improvement in the company’s Television Broadcasting (TV) segment, which was offset by the poor performances of TVTN’s radio and Newspaper Publishing segments.

    The TV Today television network is an English-Hindi news television network. It consists of the several news channels that include Aaj Tak (Hindi), India Today Television (English), Tez (Hindi), Business Today (English) and Delhi Aaj Tak (Hindi). TVTN’s TV segment reported operating revenue growth 5.7 percent forFY-17 to Rs 5,637.53 million from Rs 5,330.29 million in the previous year. TV segment operating profit for the current fiscal increased 1 percent to Rs 1,577.26 million from Rs 1,561.04 million in the previous fiscal.

    TVTN has made attempts to dispose its radio segment – it which runs FM radio stations under the brand Oye FM. It has been partly successful in that endeavour to the extent that government regulators have permitted it to succeed. TVTN’s radio segment revenue was almost flat (increased 0.4 percent) to Rs 90.21million from Rs 89.88 million in the previous year. The segment had an higher operating loss for FY-17 at Rs 175.09 million as compared to Rs 136.06 million in FY-16.

    TVTN reported 10.1 percent decline in revenue of its Newspaper Publishing segment in fiscal 2017 at Rs 360.81 million as compared to Rs 401.43 million in the previous year. The segment’s operating loss in FY-17 increased to Rs 28.35 million as compared to Rs 16.07 million in the previous year.

    Let us look at the other numbers reported by TV Today Network Limited

    Total expenses in FY-17 increased 6.3 percent to Rs 4,858.79 million (77.1 percent of Total Income) as compared to Rs 4,572.06 million (75.9 percent of Total Income) in FY-16. Production costs were almost flat (increased by 0.9 percent) in FY-17 at Rs 714.20 million (11.3 percent of Total Income) as compared to Rs 707.97 million (11.8 percent of Total Income).

    Employee Benefits Expense increased 2.2 percent to Rs 1,569.13 million (24.9 percent of Total Income) from Rs 1,534.92 million (25.5 percent of Total Income). Finance Costs increased 31.3 percent to Rs 84.10 million (1.3 percent of Total Income) in the current year from Rs 64.04 million (1.1 percent of Total Income) in FY-16. Other expenses in the current year increased 13.2 percent to Rs 2,170.92 million (34.4 percent of Total Income) from Rs 1,917.81 million (31.8 percent of Total Income)) in the previous year.

  • Q2-17: TV Today Network topline up

    Q2-17: TV Today Network topline up

    BENGALURU: TV Today Network Limited (TVTN) reported 5.1 per cent increase in standalone revenue (TIO) for the quarter ended 30 September 2016 (Q2-17, current quarter) as compared to the corresponding quarter of the previous year (Q2-16). Standalone profit after tax (PAT) however declined 4.1 per cent in the current quarter as compared to Q2-16. TVYN reported TIO and PAT of Rs 132.27 crore and Rs 22.57 crore (17.1 per cent margin) in Q2-17 as compared to Rs 125.81 crore and Rs 23.52 crore (18.7 per cent margin) respectively.

    EBIDTA for the current quarter declined 2.4 per cent to Rs 36.92 crore (27.9 per cent margin) as compared to the Rs 37.83 crore (30.1 per cent margin) in the corresponding year ago quarter.

    Segment results

    The company has two main segments – Television broadcasting (TV) and Radio broadcasting (Radio) – it currently three runs radio stations under the brand Oye FM 104.8 at New Delhi, Mumbai and Kolkata. The company has been partially successful in selling off a few of its radio stations to Entertainment Network India Limited (ENIL, Radio Mirchi) and has also recently signed on ENIL on to hawk ads for its three remaining stations. Probably, the results of this association will start showing over the next few quarters.

    TVTN’s TV segment reported 6.3 per cent year-over-year (y-o-y) growth in operating revenue to Rs 130.93 crore in Q2-17 as compared to Rs 123.20 crore in Q2-16. The segment reported 7.8 per cent lower operating profit of Rs 33.76 crore in the current quarter as compared to Rs 36.64 crore in the corresponding year ago quarter.

    TVTN’s Radio segment reported 48.8 per cent decline in operating revenue at Rs 1.34 crore in Q2-17 as compared to Rs 2.61 crore in the corresponding year ago quarter. The segment reported a lower operating loss of Rs 3.15 crore in the current quarter as compared to an operating loss of Rs 5.51 crore in Q2-16.

    Let us look at the other numbers reported for Q2-17

    Total expenditure in the current quarter increased 7.3 per cent to Rs 102.65 crore (77.6 per cent of TIO) as compared to Rs 95.68 crore (76.1 per cent of TIO) in Q2-16.

    Production cost reduced 3.3 per cent y-o-y in Q2-17 to Rs 13.31 crore (10.1 per cent of TIO) as compared to Rs 13.62 crore (10.8 per cent of TIO) in Q2-16. Employee Benefit Expense in the current quarter increased 3.9 per cent y-o-y to Rs 34.46 crore (26 per cent of TIO) as compared to Rs 33/18 crore (26.4 per cent of TIO).

    Advertisement expense in Q2-17 increased 3.16 per cent to Rs 30.97 crore (23.4 per cent of TIO) from Rs 23.53 crore (18.7 per cent of TIO) in Q2-16.

    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: TV Today Network topline up

    Q2-17: TV Today Network topline up

    BENGALURU: TV Today Network Limited (TVTN) reported 5.1 per cent increase in standalone revenue (TIO) for the quarter ended 30 September 2016 (Q2-17, current quarter) as compared to the corresponding quarter of the previous year (Q2-16). Standalone profit after tax (PAT) however declined 4.1 per cent in the current quarter as compared to Q2-16. TVYN reported TIO and PAT of Rs 132.27 crore and Rs 22.57 crore (17.1 per cent margin) in Q2-17 as compared to Rs 125.81 crore and Rs 23.52 crore (18.7 per cent margin) respectively.

    EBIDTA for the current quarter declined 2.4 per cent to Rs 36.92 crore (27.9 per cent margin) as compared to the Rs 37.83 crore (30.1 per cent margin) in the corresponding year ago quarter.

    Segment results

    The company has two main segments – Television broadcasting (TV) and Radio broadcasting (Radio) – it currently three runs radio stations under the brand Oye FM 104.8 at New Delhi, Mumbai and Kolkata. The company has been partially successful in selling off a few of its radio stations to Entertainment Network India Limited (ENIL, Radio Mirchi) and has also recently signed on ENIL on to hawk ads for its three remaining stations. Probably, the results of this association will start showing over the next few quarters.

    TVTN’s TV segment reported 6.3 per cent year-over-year (y-o-y) growth in operating revenue to Rs 130.93 crore in Q2-17 as compared to Rs 123.20 crore in Q2-16. The segment reported 7.8 per cent lower operating profit of Rs 33.76 crore in the current quarter as compared to Rs 36.64 crore in the corresponding year ago quarter.

    TVTN’s Radio segment reported 48.8 per cent decline in operating revenue at Rs 1.34 crore in Q2-17 as compared to Rs 2.61 crore in the corresponding year ago quarter. The segment reported a lower operating loss of Rs 3.15 crore in the current quarter as compared to an operating loss of Rs 5.51 crore in Q2-16.

    Let us look at the other numbers reported for Q2-17

    Total expenditure in the current quarter increased 7.3 per cent to Rs 102.65 crore (77.6 per cent of TIO) as compared to Rs 95.68 crore (76.1 per cent of TIO) in Q2-16.

    Production cost reduced 3.3 per cent y-o-y in Q2-17 to Rs 13.31 crore (10.1 per cent of TIO) as compared to Rs 13.62 crore (10.8 per cent of TIO) in Q2-16. Employee Benefit Expense in the current quarter increased 3.9 per cent y-o-y to Rs 34.46 crore (26 per cent of TIO) as compared to Rs 33/18 crore (26.4 per cent of TIO).

    Advertisement expense in Q2-17 increased 3.16 per cent to Rs 30.97 crore (23.4 per cent of TIO) from Rs 23.53 crore (18.7 per cent of TIO) in Q2-16.

    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: TV Today topline, bottomline up

    Q1-17: TV Today topline, bottomline up

    BENGALURU: TV Today Network Limited (TVTN) reported 7.7 percent increase in standalone revenue (TIO) for the quarter ended 30 June 2016 (Q1-17, current quarter) as compared to the corresponding quarter of the previous year (Q1-16). Standalone profit after tax (PAT) increased 23.9 percent in the current quarter as compared to Q1-16. TVYN reported TIO and PAT of Rs 136.94 crore and Rs 22.38 crore (16.3 percent margin) in Q1-17 as compared to Rs 127.12 crore and Rs 18.06 crore (14.2 percent margin), respectively.

    EBIDTA for the current quarter increased 22.9 percent to Rs 36.80 crore (26.9 percent margin) as compared to the Rs 29.95 crore (23.6 percent margin) in the corresponding year ago quarter.

    Segment results

    The company has two main segments – Television broadcasting (TV) and Radio broadcasting (Radio) – it currently three runs radio stations under the brand Oye FM 104.8 at New Delhi, Mumbai and Kolkata. The company has been partially successful in selling off a few of its radio stations to Entertainment Network India Limited (ENIL, Radio Mirchi) and has also recently signed on ENIL on to hawk ads for its three remaining stations. Probably, the results of this association will start showing over the next few quarters.

    TVTN’s TV segment reported 9.1 percent year-over-year (y-o-y) growth in operating revenue to Rs 136 crore in Q1-17 as compared to Rs 124.66 crore in Q1-16. The segment reported an operating profit of Rs 33.79 crore in the current quarter as compared to Rs 28.11 crore in the corresponding year ago quarter.

    Radio segment reported 45.3 percent decline in operating revenue at Rs 1.35 crore in Q1-17 as compared to Rs 2.62 crore in the corresponding year ago quarter. The segment reported a higher operating loss of Rs 3.52 crore in the current quarter as compared to an operating loss of Rs 2.82 crore in Q1-16.

    Let us look at the other numbers reported for Q1-17

    Total expenditure in the current quarter increased 2.3 percent to Rs 107.61 crore (78.6 percent of TIO) as compared to Rs 105.16 crore (82.7 percent of TIO) in Q1-16.

    Production cost increased 11.2 percent y-o-y in Q1-17 to Rs 13.48 crore (9.8 percent of TIO) as compared to Rs 12.11 crore (9.5 percent of TIO). Employee Benefit Expense in the current quarter increased 18.6 percent y-o-y to Rs 38.73 crore (28.3 percent of TIO) as compared to Rs 32.66 crore (25.7 percent of TIO).

    Advertisement expense in Q1-17 declined 18.6 percent to Rs 31.13 crore (22.7 percent of TIO) from Rs 38.24 crore (23.6 percent of TIO) in Q1-16.

    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.