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Tag: TVTN

  • Prabhu Chawla returns to India Today Group

    Prabhu Chawla returns to India Today Group

    New Delhi: In a major development, India Today Group has brought back veteran journalist Prabhu Chawla as editorial consultant for TV Today Network. He will be starting with the group from 1 December 2020.

    He will be seen weekly on Aaj Tak where he will be interviewing the most prominent personalities of the country. Chawla will also lend his expertise to political debates as and when required.

    “I am looking forward to seeing his no-holds-barred style, Prabhu, and working with a much-valued colleague,” India Today vice-chairperson Kalli Purie said.

    Chawla started his career with India Today Group and then moved on to join The Indian Express. He later rejoined ITG and was last serving as group editorial director and editor India Today (languages) when he decided to move on from the group in 2010. He was there for over 14 years.

    He has over four decades of experience in the news business and was most popularly known for his show Seedhi Baat where he interviewed some of the most popular personalities of the country including politicians, actors, sportspersons and others.

    Chawla has been associated with several major publications.

    He has won several accolades for his journalism and was awarded Padma Bhushan in 2003 by the president of India. 

  • 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 board recommends 45% dividend; numbers up

    TV Today board recommends 45% dividend; numbers up

    BENGALURU: The board of directors of TV Today Network Ltd (TVTN) has recommended a dividend of Rs 2.25 (45 per cent) per equity share of face value of Rs 5 each for the financial year ended 31 March 2018 (FY 2018, year, fiscal under review). The company has reported 10.7 per cent growth in consolidated total revenue from operations including other revenue for fiscal 2018 as compared to the previous year. Consolidated profit after tax (PAT) grew 18.4 per cent in FY 2018 as compared to FY 2017. Consolidated EBITDA and EBITDA margin during the year under review also grew as compared to the previous year. TVTN is the television arm of the India Today group.

    TVTN’s consolidated total revenue including other income for FY 2018 was Rs 790.92 crore as compared to Rs 652.28 crore in the previous year. Consolidated revenue from operations (Op revenue) expanded 10.5 per cent in the fiscal under review to Rs 720.92 crore from Rs 652.28 crore in FY 2017. Consolidated PAT for FY 2018 grew to Rs118.94 crore from Rs 100.46 crore in the previous year. Consolidated simple EBITDA without other income for FY 2018 was up 16.3 per cent at Rs 283.92 crore (39.2 per cent of op revenue) as compared to Rs 244.20 crore (37.4 per cent of op revenue).

    Consolidated total expenditure in FY 2018 grew four per cent to Rs 548.48 crore as compared to Rs 527.49 crore in the previous year. Consolidated employee benefits expense during the year under review grew 12.2 per cent to Rs 202.46 crore from Rs 180.50 crore in fiscal 2017. Consolidated production costs declined 6.5 per cent in FY 2018 to Rs 76.31 crore from Rs 81.64 crore in the previous year. Consolidated other expenses increased 3.2 per cent in FY 2018 to Rs 231.74 crore from Rs 180.50 crore in the previous year.

    Four segments – TV broadcasting; radio; others; and newspaper publishing contribute to TVTN’s numbers, of which TV broadcasting is the major segment. The company reported TV broadcasting segment’s revenue growth of 7.7 percent in FY 2018 to Rs 606.80 crore from Rs 563.59 crore in the previous year. The segment had a 29.3 per cent higher operating profit in FY 2018 of Rs 202.63 crore as compared to Rs 156.75 crore in FY 2017.

    After migration of three of its radio stations to phase III, radio segment reported a 167.6 per cent revenue growth in FY 2018 to Rs 23.90 crore from Rs 8.93 crore in the previous year. The segment’s operating loss reduced to Rs 13.69 crore during the year under review as compared to an operating loss of Rs 17.51 crore in FY 2017.

    TVTN’s ‘Others’ segment revenue grew 36 per cent in FY 2018 to Rs 60.46 crore from Rs 44.45 crore in fiscal 2017. Operating profit of the segment more than doubled (up 106.9 per cent) in FY 2018 to Rs 4.80 crore from Rs 2.32 crore in the previous year.

    Newspaper publishing segment revenue declined 20 per cent in FY 2018 to Rs 30.46 crore from Rs 38.08 crore in FY 2018. The segment’s operating loss more than tripled (grew by 202.1 per cent) in FY 2018 to Rs 8.55 crore from an operating loss of Rs 2.83 crore in the previous fiscal.

  • 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.

  • India Today Online is TVTN’s wholly-owned subsidiary now

    MUMBAI: India Today Online Private Limited (ITOPL) has now become a wholly-owned subsidiary of TV Today Network Ltd.

    India Today Online, on 28 March 2017, issued and allotted 1,99,20,000 equity shares of Rs. 10 each to Living Media India Limited (LMIL) which constitutes 21.01% of the paid-up share capital of ITOPL, against the loans and advances made by LMIL to ITOPL.

    T.V. Today Network (TVTN) entered into an agreement to gift with LMIL on the same date, i.e. 28 March, 2017, under which the TVTN will acquire 1,99,20,000 equity shares of ITOPL of Rs. 10 each (representing 21.01 per cent of the paid-up share capital of ITOPL) from LMIL by way of gift upon completion of procedural requirements under the agreement to gift.

    After the aforesaid acquisition, TVTN will hold 100 per cent of the issued and paid-up share capital of ITOPL.

    In a separate earlier report, TV Today Network stated that it shall not undertake the agreement, entered into with Entertainment Network (India) Limited, to sell three Metro FM Radio stations, as was earlier approved by the board. TV Today had inked a deal to sell seven Oye FM radio stations to ENIL which operates Radio Mirchi. However, MIB did not approve sale of three stations and the matter went before the Delhi High Court. Such sale agreement was subject to the approval of the MIB or an order from the Delhi High Court allowing the sale of Metro Radio stations whichever is earlier.

    Also Read:

    Q2-17: TV Today Network topline up

    ENIL revenue up in third quarter of 2017

  • 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.

  • 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.