Cable TV

SITI Cable reports higher revenue, EBIDTA for Q3-2014

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/cable_tv_images/2014/02/13/126.jpg?itok=rMFDm5LC

BENGALURU: Essel Group company SITI Cable Network Limited (Siti Cable), the erstwhile Wire and Wireless (India) Ltd (WWIL) reported 42.1 per cent growth in Total Income to Rs 177.26 crore in Q3-2014 from Rs 124.71 crore in the third quarter of last year and was 8.8 per cent higher than Rs 162.94 crore in the previous quarter.

The company reported 72.8 per cent higher earnings before interest, taxes, depreciation, and amortisation (EBIDTA) at Rs 35 crore in Q3-2014 as compared to the Rs 20.25 crore in Q3 of last year and 6.1 per cent more than the Rs 32.98 crore in the immediate trailing quarter.

Siti Cable Chairman Subhash Chandra said, “The ongoing digitisation is providing new impetus for growth and value in India though we are still early in the value creation process. Digital Cable Television is a major engine of growth for SITI Cable across all geographies. Our sustained investment in this segment will further enhance customer television viewing experience”.

“Our results for the quarter reflect the overall stability of our operations, and demonstrate the potential for growth. SITI Cable is EBITDA positive in this quarter as well,” added Chandra.

Let us look at the other figures reported by SITI Cable for Q3-2014:

Operating revenue in SITI Cable's case is primarily generated from subscriber related income, especially from digitisation, income from bandwidth charges, ad income, STB activation charges and other operating revenues. Total Income figures have been mentioned above.

Operating cost for Q4-2014 at Rs 142.26 crore was 36.2 per cent more than the Rs 104.46 crore for Q3-2013 and 9.5 per cent higher than the Rs 129.96 crore for Q2-2014.

The company’s Selling and Distribution expense in Q3-2014 almost quadrupled (was up 3.92 times) to Rs 12.91 crore from Rs 3.29 crore in Q3-2013 and was four per cent more than the Rs 12.42 crore in the immediate preceding quarter.

Its staff cost at Rs 9.91 crore for the current quarter was 23.7 per cent more than the Rs 8.01 crore in Q3-2013 and 5.5 per cent more than the Rs 9.39 crore in Q2-2014. Administrative expense for Q4-2014 at Rs 16.88 crore was down by 3.8 per cent to Rs 16.88 crore in Q3-2014 from Rs 17.55 crore in Q3-2013 and (33.65) per cent lower than the Rs 25.44 crore in Q2-2014.

Depreciation in Q3-2014 was up by 61.8 per cent to Rs 22.99 crore from Rs 14.21 crore in the corresponding quarter of last year, but was (14.6) per cent lower than the Rs 26.91 crore in Q2-2014. The company paid 24.3 per cent more towards finance charges in Q3-2014 at Rs 31.22 crore than the Rs 25.11 crore in Q3-2013 and was 2.3 per cent more than the Rs 30.52 crore in Q2-2013.

The company reported a loss of Rs (22.51) crore in Q3-2014, which was 20.1 per cent more than the loss of Rs 18.75 crore in Q3-2013 and three per cent more than the Rs 21.85 crore in Q2-2014.

SITI Cable CEO VD Wadhwa said, “We have gained further momentum in the third quarter of fiscal 2014. Our total revenue and EBITDA grew to Rs 1773 million and Rs 350 million respectively, a healthy growth of 42 per cent and 73 per cent respectively over corresponding quarter of last fiscal. We have maintained our margins through operational efficiency improvements despite stiff challenges faced at market place on account of DAS billing. We have made the healthy progress in collection of DAS subscription revenue which is way ahead of competition.”

He further added, “We are now in exciting phase of our journey as we strengthen our existing operations and expand our digital subscriber base in phase-3&4 towns. We have started digital cable services in strategic markets of Vijayawada, Hissar and Rohtak in this quarter. We have also reinvented the company website making it more interactive and user- friendly”.

Click here for full report

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/10/17/Navjot%20Singh%20Sidhu-800x800.jpg?itok=YP6R6Z6-
Sidhu's cable, DTH tax plan gets Punjab cabinet nod

MUMBAI: Entertainment lately seems to be affected the most with one tax after another -- the GST and tax on watching television programmes. Now, in a ‘blow’ to local cable network companies, entertainment tax will be levied on DTH and cable connections in Punjab. DTH operators however will now...

Cable TV Local Cable Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/10/09/damani_0.jpg?itok=Wwiy4T08
Digital cable federation AIDCF secy-gen Saharsh Damani quits

Saharsh Damani has decided to move on and put in his papers as the founder secretary-general of the All-India Digital Cable Welfare Federation. However, his resignation will be effective by October-end.

Cable TV People
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/10/05/Tact-TV-Story%20%282%29.jpg?itok=G5xAhXGF
Arasu digital STB costs Rs 200, govt alerts subs

MUMBAI: Government authorities in Tamil Nadu are announcing the basic rate of installing a new STB following complaints by subscribers of the state-owned Arasu Cable TV Corporation that cable operators are charging them around four times the cost. Tirupur operators are reportedly threatening to...

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/10/04/sameer.jpg?itok=XPlIjouw
Hathway Bhawani MD and CEO Sameer Joseph quits

Hathway Bhawani Cabletel and Datacom’s managing director and CEO Sameer Joseph has resigned with immediate effect, that is, 4 October, 2017.

Cable TV People
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/10/04/Arasu-TV.jpg?itok=GqF-esJ5
Post-DAS, tardy MSO registrations in six months, 14 new additions

NEW DELHI: Despite the fact that it is more than six months since the country adopted digital addressable system (DAS) for cable television, the number of multi-system operators (MSOs) has risen by meagre 14 over the last two months to reach 1469 as on 30 September 2017.

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/10/02/Arasu-TV.jpg?itok=-XFAPOo_
TN advisory: LCO licences may be cancelled if they bully Arasu subs into buying STBs

MUMBAI: A Tamil Nadu state advisory has informed subscribers of Arasu Cable not to pay money to the local cable operators (LCOs) for set-top boxes (STBs) which are actually being provided to all for free.

Cable TV Local Cable Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/28/shaji.jpg?itok=VYoKLi8D
Shaji Mathews appointed as Kerala MSO KCCL CEO

MUMBAI: From Gujarat, where he helped steer MSO GTPL towards its IPO, he is now headed back to his home city of Kochi in Kerala. Shaji Mathews has been appointed as the CEO of Kerala Communicators Cable Ltd (KCCL), a leading cable TV and broadband network in Kerala which is a consortium of...

Cable TV People
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/26/Tact-TV-Story.jpg?itok=fKW9Xc6J
MIB asks Arasu: Give proof of analogue switch-off

NEW DELHI: The Tamil Nadu Arasu Cable TV Corporation (TACTV), which had early this month claimed to have gone digital, has been asked to “confirm that you have already switched off analogue signals and are carrying only digital encrypted signals on your cable TV network.” In a letter to TACTV...

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/22/Mihir_Shah.jpg?itok=l_0InXUO
Indian pay-TV expanding by 10.6 pc, 77 pc to be digitised, ARPUs to rise by '22: MPA

MUMBAI: Pay-TV players in Asia-Pacific region are girding up their loins to integrate online video into their service bouquets and recalibrate owing to broadband growth while concentrating and scaling up their investment on premium content as they stare at competition

Cable TV Multi System Operators

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories