Cable TV

Q2-2105: Siti Cable reports higher income, higher subscription revenue, lower loss

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/cable_tv_images/2014/11/12/siti_0.jpg?itok=hJRxpGZN

BENGALURU: Essel group’s Subhash Chandra led Siti Cable Network Limited (Siti Cable) reported a 4.9 per cent rise in Total Income from Operations (TIO) to Rs 212.25 crore in Q2-2015 from Rs 209.02 crore in Q1-2015 and 47.5 per cent more than the Rs 160.31 crore in Q2-2014. For HY-2015, TIO was 42.4 per cent more at Rs 428.27 crore than the Rs 300.76 crore in HY-2014.

Siti Cable reported a 102.3 per cent y-o-y growth in subscription revenue to Rs 121.4 crore from Rs 60 crore and a 14.9 per cent q-o-q growth from Rs 105.7 crore in Q1-2015.

Loss for Q2-2015 reduced to Rs 22.87 crore from Rs 31.67 crore in Q1-2015 and from 26.46 crore in Q2-2014. HY-2015 loss was also slightly lower at Rs 54.54 crore as compared to the Rs 55.23 crore in HY-2014.

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

EBIDTA for Q2-2015 improved 26.2 per cent to Rs 45.8 crore (20.9 per cent of TIO) from Rs 36.3 crore (17.4 per cent of TIO) in Q1-2015 and also improved by 38.8 per cent from Rs 33 crore (20.6 per cent of TIO) in Q2-2014.

Let us look at the other numbers reported by Siti Cable for Q2-2015

Total expenditure (TE) for Q2-2015 at Rs 208.89 crore (95.3 per cent of TIO) was 2.5 per cent more than the Rs 203.76 crore (97.5 per cent of TIO) and 33.2 per cent more than the Rs 165.25 crore (100.04 per cent of TIO) in Q2-2014. HY-2015 TE at Rs 412.64 crore (96.4 per cent of TIO) was 40 per cent more than the Rs 294.77 crore (98 per cent of TIO) in HY-2014.

Siti Cable’s carriage sharing pay channel and related costs (pay channel cost) in Q2-2015 at Rs 117.23 crore (53.5 per cent of TIO) was 6.6 per cent lower than the Rs 125.55 crore (60.1 per cent of TIO) in Q1-2015 and 81.6 per cent more than the Rs 64.56 crore (40.3 per cent of TIO) in Q2-2014. For HY-2015, pay channel cost at Rs 242.77 crore (56.7 per cent of TIO) was almost double (1.91 times) the Rs 127.26 crore (42.3 per cent of TIO) in HY-2014.

Finance cost in Q2-2015 at Rs 29.58 crore (13.5 per cent of TIO) was 2.6 per cent lower than the Rs 30.37 crore (14.5 per cent of TIO) in Q1-2015 and 3.1 per cent lower than the Rs 30.52 crore (19 per cent of TIO) in Q2-2014. For HY-2015, finance cost at Rs 59.95 crore (14 per cent of TIO) was 5.8 per cent more than the Rs 56.66 crore (18.8 per cent of TIO) in HY-2014.

Other expense in Q2-2015 at Rs 47.77 crore (21.8 per cent of TIO) was 21.8 per cent more than the Rs 38.05 crore (18.2 per cent of TIO) and 14.6 per cent lower than the Rs 55.93 crore (34.9 per cent of TIO) in Q2-2014. Other expense for HY-2015 at Rs 85.83 crore (20 per cent of TIO) was 10.4 per cent lower than the Rs 95.84 crore (31.9 per cent of TIO) in HY-2014.

Siti Cable chairman Subhash Chandra said, “Growth in the collection of subscription revenue is the reflective of our continued emphasis on providing quality services to our consumers. We remain focused on supporting business growth by optimising our operations and continue to deepen our engagements with customers by introducing value added services.”

Siti Cable executive chairman and CEO V D Wadhwa said, “Siti Cable maintained its growth trajectory in the second quarter too. We continue to focus on stabilising operations in DAS phase I and II markets and established industry best practices. The results for the quarter are reflective of these efforts. The subscriber revenue during the quarter has shown robust growth of 102 per cent”.

Wadhwa added, “We have been working to digitize our phase 3 and 4 markets and we will keep the momentum ‘ON’ through voluntary digitization and focusing more on the monetization of existing business. We see extension in deadline as the opportunity for us to enter newer markets. In addition, we have rolled out broadband service on DOCIS 3.0 in Delhi/NCR and plan to further offer this service in more cities where we are already present. HD services with 30 plus channels have also been rolled out in all geographies.”

Click here for full financial report

Click here for full financial report

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/12/17/caletvheaend12.jpg?itok=i9dREprN
Government to once again make MHA clearance compulsory for MSOs?

Every multisystem operator (MSO) which is licensed with the ministry of information & broadcasting (MIB), will now have to also seek the ministry of home affairs' s (MHA's) ecurity clearance. A notification to this effect is being planned and passed by the Narendra Modi government.

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/12/07/court.jpg?itok=VGZT1e9Z
MSOs move Madras HC seeking relief on inter-connect pacts

MUMBAI: The All India Digital Cable Federation (AIDCF) had filed a petition in the Madras High Court few days back pleading a directive to broadcasters to maintain a status quo on renegotiating agreements between TV channels and MSOs till a final judicial call was taken on TRAI’s new tariff regime...

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/12/04/rajesh_0.jpg?itok=MdmBXAkK
Siti bullish on broadband: Rajesh Sethi

Mumbai: Despite uncertainty in many quarters, these are interesting times for people following the multi-system operator (MSO) industry. Recently, Siti Networks Ltd (Siti) released its Q2 and H1 results for 2017-18, reigniting the hope for growth in the industry. Announcing growth in operating...

Cable TV People
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/11/30/louis.jpg?itok=BK_0OU5t
Louis Boswell appointed CASBAA CEO

CASBAA Association has appointed Louis Boswell, senior media and digital business leader in Asia, as the chief executive officer (CEO). Boswell will begin his tenure on 1 January 2018, succeeding outgoing CEO Christopher Slaughter.

Cable TV People
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/11/28/Bibhu%20Prasad%20Rath.jpg?itok=ibHBXDgS
Multiple challenges weaken Ortel numbers in second quarter

Hit by multiple challenges, Indian regional multi-system operator (MSO) reported lower numbers and posted a net loss – the second one this fiscal- for the quarter ended 30 September 2017 (Q2-18, quarter under review). The company expects stabilization of business to happen one year down the line...

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/11/20/comcast.jpg?itok=83-etJml
Now, Comcast in talks to buy 21st Century Fox

According to several reports, 21st Century Fox is on the block and Philadelphia-based cable TV conglomerate Comcast is interested. Comcast has approached Fox about acquiring most of the company. Reportedly, Verizon, the biggest wireless carrier in the US, has also thrown its hat into the ring....

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/11/13/casbaa.jpg?itok=INiAN1Jy
CASBAA elects new board directors

The Cable and Satellite Broadcasting Association of Asia (CASBAA) has announced the election of several new directors to its board, and the return of a number of long-serving directors.

Cable TV People
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/11/13/cable%20800x800.jpg?itok=2G-o8INC
Workshop to train manpower in cable TV distribution

NEW DELHI: A workshop is being held on 27 November to deliberate on the importance of skilling, certification and accreditation of the manpower deployed in cable TV distribution.

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/11/10/Den-Networks_SN-Sharma.jpg?itok=xOHtVNMk
Higher subscription & activation lead Den's turnaround in Q2

BENGALURU: Indian multi system operator (MSO) Den Network (Den) reported growth in operating revenue, operating profit (EBIDTA) and profit after tax (PAT) for the quarter ended 30 September 2017 (Q2-18, current quarter) as compared to the corresponding year ago quarter. In Q2-17 (the corresponding...

Cable TV Multi System Operators

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories