Cable TV

Hinduja Ventures media & communications segment q-o-q loss down for Q3-2014

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/cable_tv_images/2014/01/31/imcl-media.jpg?itok=f2tXOIfB

BENGALURU: IndusInd Media & Communications Ltd. (IMCL), a subsidiary of Hinduja Ventures Ltd. (HVL) and one of India's largest integrated media companies contributed a lower loss to HVL’s balance sheet  during Q3-2014 as compared to the immediate trailing quarter.

 HVL reported almost half the loss (55.6 per cent) at Rs (-1.45) crore from its media and communication segment during Q3-2014, as compared to the Rs (-2.60) crore during Q2-2014. During the corresponding quarter of last year, HVL’s media and communications segment had reported a profit before tax of Rs0.41 crore. 

However, this segment reported loss of Rs (-8.45) crore during the nine month period ended December 31, 2014 (YTD) as compared to a profit of Rs 1.67 crore during the corresponding period of last fiscal. During FY 2013, HVL’s media and communication segment had reported a profit of Rs 0.59 crore. 

Let us look at the other figures vis-?-vis media and communications reported by HVL during Q3-2014

HVL reported a 9.24 per cent increase in standalone total income of Rs 28.59 crore during Q3-2014 as compared to the Rs 26.18 crore during Q2-2014, but almost flat (1.07 per cent more) as compared to the Rs 28.31 crore during Q3-2013. YTD for the current fiscal, HVL reported a 9.8 per cent growth to Rs 81.39 crore as compared to the Rs 74.09 crore during the nine month period ended 31 December 2012. 

During the quarter, HVL’s investment and Treasury segment was single largest contributor to revenue with revenue of Rs 28.58 crore, with Real estate and ‘Others’ contributing Rs 0.04 crore and Rs 0.0139 crore to revenue respectively. Contribution by HVL’s media and communication segment to revenue was NIL. Media and communication segment had contributed Rs 1.09 crore during Q2-2014 and Rs 1.46 crore during Q3-2013 to HVL’s total income.

HVL reported PAT of Rs 23.54 crore during Q3-2014 as compared to the Rs 19.68 crore during Q2-2014 and Rs 23.83 crore during Q3-2013. 

Capital Employed (segment assets minus segment liabilities) by HVL’s media and communication segment during Q3-2014 was more than triple (3.05 times) at Rs 295.79 crore as compared to the Rs 96.75 crore during Q3-2013, and  fraction (-0.18 per cent) lower than the Rs 295.31 crore during the immediate trailing quarter. 

With an estimated 8.5 million subscribers across 36 major cities, HVL through IMCL offers over 350 channels in the digital mode. It claims to have a backbone of over 10,000 kms of hybrid fiber optic network through which it also offers broadband services with its national ISP license. IMCL has gone ahead with the first II Phases of the digital revolution being ushered in by Governments mandated policy of digitising the Cable Networks.  

The Digital Addressable System (DAS) was introduced by Government on 1 November 2012 in phases and offers a unique opportunity to IMCL to make all its Subscribers addressable and monetize its subscription revenues manifold. HVL says that IMCL has planned new services for the digital cable foray, apart from the Broadband services like HD Services, Hybrid STBs for Cable and Internet, Value added services for Digital Cable.

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/06/27/Tact-TV-Story.jpg?itok=LBDWW5jB
Arasu gets a month's extension to go digital

The Tamil Nadu Arasu Cable TV Corporation, which had been granted a provisional licence with the condition to digitise completely within three months, has now got an additional months time following a request by the state government.

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/06/24/navjot-peeush-kohali.jpg?itok=Z-EO--ty
Probe Punjab 'cable mafia,' demands minister, Fastway refutes charges

Punjab minister Navjot Singh Sidhu has alleged that the private TV cable company Fastway Transmission Private Limited, under the "patronage" of the previous Akali government, had caused a loss of around Rs 6840 million to the state exchequer. Because of the political patronage, only Fastway...

Cable TV Local Cable Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/06/21/GTPL_0.jpg?itok=TInqv6RC
GTPL Hathway allots Rs. 1450 mn to anchor investors, IPO opens today

MUMBAI: GTPL Hathway has finalised the allocation of 8,555,294 Equity Shares at Rs. 170 per Equity Share (upper end of the Price Band) aggregating to Rs. 145.43 crore (Rs 1450 million) to anchor investors.

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/06/16/panesar.jpg?itok=Q9kTejf5
Hathway builds brand Special, adds two service categories

Hathway Digital, a leading MSO, has announced the introduction of ‘Play My Play’ – an exclusive and first-ever kind of service on television featuring full-length plays for Hathway’s theatre-loving patrons, and ‘Hare Krsna’ focused on eternal well-being by bringing out the deep learnings associated...

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/06/14/GTPL_0.jpg?itok=JZQ_pLw_
GTPL Hathway IPO proceeds may help increase subs base & penetration, hike stake in JVs

GTPL Hathway, India's leading cable TV distribution company reaching an estimated eight million households in 10 states, proposes to open on 21 June an initial public offering of equity shares of face value of Rs. 10

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/06/06/LCO.jpg?itok=h__XSoKD
LCOs to get unique TRAI number to ensure fair deals, says advisor Gupta

NEW DELHI: Despite claims of major achievements in all parts of the country in digital addressable system, a meet held recently in Chandigarh presented a dismal picture with many local cable operators complaining that the switching off of analogue had badly affected their business. In the seminar...

Cable TV Local Cable Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/06/05/rajesh-Wadhwa.jpg?itok=DHHwbPab
Rajesh Sethi succeeds Wadhwa as ED & CEO of SITI Networks

NEW DELHI: Senior media expert Rajesh Sethi has been appointed Executive Director CEO of SITI Networks Limited, as V D Wadhwa is stepping down.

Cable TV People
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/06/05/shrma.jpg?itok=JZfidd_2
DEN Networks exits TV home shopping channel business

It’s focusing on its core competence: cable TV distribution and broadband. Three years after it announced its intention to get into TV home shopping, the Samir Manchanda-promoted multi systems operator Den Networks Ltd is now exiting from it.

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/06/01/Rajan_Gupta-annusir.jpg?itok=HMhGVovf
GTPL Hathway gets SEBI nod for Rs 600-cr June IPO, to repay loans, expand cable & b'band with new tech

MUMBAI: GTPL Hathway, a part of Hathway Cable and Datacom which offers cable TV and broadband services, is preparing to raise around Rs 600 crore through an initial public offer (IPO) in June. Proceeds from the IPO will be utilised towards repayment of loan and other general corporate purpose, PTI...

Cable TV Multi System Operators

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories