Cable TV

Q2-2016: Siti Cable revenue up 6.8% at Rs 234.2 crore

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/cable_tv_images/2015/11/10/siti%20cable%20flash.jpg?itok=0ku1CFSm

BENGALURU: The Essel Group’s Subhash Chandra led Siti Cable Network Limited (Siti Cable) reported 6.8 per cent YoY growth in operating revenue (total income from operations, or TIO) for the quarter ended 30 September, 2015 (Q2-2016, current quarter) at Rs 234.21 crore from Rs 219.25 crore and a 2.7 per cent QoQ increase from Rs 228.09 crore.

Note: 100,00,000 = 100 lakh = 10 million = 1 crore.

(2) All numbers in this report are consolidated unless stated otherwise.

EBIDTA including other income in the current quarter increased 12.5 per cent YoY to Rs 51.53 crore (22 per cent margin) from Rs 45.79 crore (20.9 per cent margin) and increased 35.2 per cent QoQ from Rs 38.10 crore (16.7 per cent margin).

The company reported a loss of Rs 22.92 crore (almost flat) YoY as compared to the loss of Rs 22.87 crore, but lower than the loss of Rs 27.71 crore in Q1-2016.

Subscription numbers

The company says that it added 3.30 lakh digital video subscribers in the current quarter as compared to two lakh additions in the immediate trailing quarter. Its digital cable subscriber base has increased 59 lakh from 56 lakh. Overall the company claims a cable subscriber base of 107 lakh, same as the corresponding quarter of last fiscal.

Subscription revenue in the current quarter increased 2.6 per cent YoY to Rs 138.50 crore from Rs 135 crore and increased 7.4 per cent QoQ from Rs 129 crore. Carriage revenue in the current quarter increased 2.7 per cent YoY to Rs 60.30 crore from Rs 58.70 crore but reduced 17.3 per cent QoQ from Rs 72.90 crore. 

Activation revenue in the current quarter increased 78 per cent to Rs 19.40 crore from Rs 10.90 crore in the corresponding year ago quarter and increased 48.1 per cent from Rs 13.10 crore in the immediate trailing quarter.

Siti Cable says that it has added 16,950 broadband subscribers in Q2-2016, taking its broadband subscriber base 91,450 from 74,500 in the previous quarter. Broadband revenue increased 50 per cent YoY in Q2-2106 to Rs 9.30 crore from Rs 6.20 crore and increased 3.3 per cent QoQ from Rs 9 crore.

Let us look at some of the other numbers reported by Siti Cable:

The company’s Total Expenditure in the current quarter increased 9.2 per cent YoY to Rs 228.09 crore (97.4 per cent of TIO) from Rs 208.89 crore (95.3 per cent of TIO) and was flat (declined 0.05 per cent) QoQ as compared to Rs 228.21 crore (100.1 per cent of TIO).

Pay channel costs in the current quarter increased 5.8 per cent to Rs 124.01 crore (52.9 per cent of TIO) as compared to Rs 117.23 crore (53.5 per cent of TIO), but declined 8.6 per cent QoQ from Rs 135.70 crore (50.5 per cent of TIO).

Other expenses increased 4.8 per cent in the current quarter to Rs 50.07 crore (21.4 per cent of TIO) as compared to Rs 47.77 crore (21.8 per cent of TIO) and increased 15.6 per cent from Rs 43.32 crore (19 per cent of TIO) in Q1-2016.

Siti Cable’s finance costs in the current quarter increased 15.8 per cent YoY to Rs 34.27 crore (14.6 per cent of TIO) from Rs 29.58 crore (13.5 per cent of TIO) and increased 1.1 per cent QoQ from Rs 33.90 crore (14.9 per cent of TIO).

Company Speak

Siti Cable executive director and CEO V D Wadhwa said, “A focus on improved operational performance resulted in EBITDA growth of 35.2 per cent and EBITDA Margin at 21.2 per cent, an expansion by 467 bps sequentially. We are looking to further streamline our Broadband operations to provide stellar customer experience. Our commitment to digitisation of Phase 3 areas remains and we expect this to gain further momentum in the coming quarter.”

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/12/02/Cable.jpg?itok=jQO-GCh5
Rohtak Cable DAS III extension case dismissed; eight posted for 7 Dec

NEW DELHI: While the case by Rohtak Cable Operators’ Association challenging the deadline set for Phase III of digital addressable systems (DAS) was dismissed, the Delhi High Court today directed that it would hear the other cases on 7 December 2016.

Cable TV DAS
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/12/01/cable-wire.jpg?itok=rkADl4vM
MIB's digital deadline dilemma: to relax or not

NEW DELHI: India’s ongoing cable digitalisation, plagued by court cases resulting in roll-out delays, may have just got entangled with the short to medium-term inconveniences caused by demonetisation of high-value currency notes signalling likely further delays. The ministry of  information and...

Cable TV DAS
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/12/01/NXT%20Digital.jpg?itok=a8r_rk6_
IMCL: Hinduja Ventures divests minority stake

MUMBAI: MSO company IndusInd Media and Communications Limited (IMCL)’s parent Hinduja Ventured Ltd. (HVL) has sold 0.13 equity stake in the company to a non-Hinduja Group company for Rs. 46.6 million (Rs. 4.66 crore). The buying company bought into the MSO at a price of Rs. 466 per share based on...

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/11/26/Rajan%20Gupta.jpg?itok=oFRRxKbc
Hathway Q2-17 revenue and EBIDTA up; adds 1 lakh broadband subs

BENGALURU: Indian multi system operator (MSO) Hathway Cable and Datacom Limited (Hathway) reported 18.8 per cent growth in Total Income from operations (TIO) and 11.9 percent growth in operating profits (EBIDTA) for the quarter ended 30 September 2016 (Q2-17, current quarter). The company reported...

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/11/25/jagdish-kumar-800x800.jpg?itok=SC_g2FGJ
Jagdish Kumar Pillai quits Hathway; Rajan Gupta appointed as MD

Hathway Cable and Datacom Limited has accepted the resignation of MD and CEO Jagdish Kumar Pillai.

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/11/23/VD%20Wadhwa.jpg?itok=8S_qvm4t
Siti Q2-17 numbers up on higher restated subscription revenues

BENGALURU: The Subhash Chandra led Siti Networks Limited (Siti) formerly known as Siti Cable Network Limited, reported 23.6 percent and 2.9 percent year-over-year (y-o-y) growth in operating revenue and EBIDTA including other income for the quarter ended 30 September 2106 (Q2-17, current quarter...

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/11/21/Atul-saraf-800x800.jpg?itok=SqcEWufE
Cable operators seek exemption in entertainment at par with fuel & medical services

MUMBAI: Although demonetisation of high-demonination currency is largely seen as a boon for a thriving economy marred by a legacy of unaccounted money and corruption, it is a proving to be a bane for the common man. The only basic entertainment that a layman has access to is television which is...

Cable TV Local Cable Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/11/18/DAS3-800x800.jpg?itok=2ygLmrP2
DAS Phase IV pace slack; MIB to meet Indian STB makers

A miniscule percentage of set-top boxes have been seeded in DAS Phase IV after August 2016 as compared to those seeded earlier in four phases when six weeks are left for the deadline for switching off analogue signals is reached.

Cable TV DAS
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/11/18/TV-remote.jpg?itok=ZCq_f6Lv
Cable TV distribution to get fillip from demonetisation

MUMBAI: The cable television distribution business, a section of which has been infamous for dealings in unaccounted money, will have to upgrade addressability in the backdrop of the decision to demonetise higher value currency. It is estimated that the analog subscriber base will come down by 37%...

Cable TV DAS

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories