Technology

WWIL narrows Q2 loss to Rs 203 mn

MUMBAI: Wire and Wireless (India) Limited (WWIL) has narrowed its second-quarter consolidated net loss to Rs 203.20 million as revenue increased 5.7 per cent while its expenses were controlled.


The Subhash Chandra-promoted cable TV company had posted a loss of Rs 406.01 million for the same period in the year-ago period.


Operating revenue was up at Rs 737.67 million for the quarter ended 30 September, compared to Rs 697.97 million in the earlier year.
 
This is mainly because the company entered newer markets of Hyderabad (Andhra Pradesh), Gorakhpur (Uttar Pradesh) and Jind (Haryana) and consolidated its operations in Tam towns like Bilaspur, Varanasi, Bhubaneswar, Dhanbad, Raniganj and Asansol.


WWIL CEO Sudhir Agarwal said, “Continuing the progress of the first quarter, WWIL has consolidated in existing geographies and targeted focused expansion in the second quarter with majority of its units becoming operationally profitable. We will continue to work towards making the existing analogue business more stable and profitable as well as expand our footprint to new identified geographies. We reiterate and assure you that the company is well-placed in terms of its reach and capabilities and shall continue to work in the best interest of its consumers and stakeholders.”


Meanwhile, expenses come down to Rs 726.45 million, compared to Rs 794.59 million in the year-ago period. The company said that major cost item was cost of goods and services recorded as Rs 549.1 million during the quarter representing 75.6 per cent of the total operating expenses in comparison to Rs 600.7 million in the corresponding quarter of the last fiscal, a 75.6 per cent share of the total operating cost.


 





The company said that while the decrease in cost of goods and services was mainly due to the cut-off of transponder lease rentals, the decrease in staff costs and administrative expenses is reflective of the managements’ efforts to drive efficiencies across the departments. 
 
The company also posted an operating profit (Ebitda) for the quarter of Rs 30.7 million as compared to the loss of Rs 94.7 million during the corresponding quarter last fiscal.

WWIL chairman Subhash Chandra said, “Given the cable dynamics in the country, WWIL continues to focus on the analogue business for now. The company is progressing well and has effective plans for business expansion. In last quarter WWIL has managed effective entry in new geographies. The initiatives taken by the company in past quarters have started yielding results. WWIL, being the market leader in analogue cable is all set to build and capitalise on emerging opportunities coming up across Indian market place.”


On a standalone basis, WWIL‘s net loss for the quarter stood at Rs 214.98 million (as against Rs 413.72 million). Revenue was up at Rs 484.39 million (from Rs 477.15 million), while expenses reduced to Rs 582.60 million, from Rs 715.59 million in the earlier year.
 

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/01/04/sanjeev.jpg?itok=jSKv0oLN
Pune Times joins hands with the Pune Police to launch the 'City Safe' app, as part of #MakeMyCitySafe initiative

Pune Times, city supplement of leading media house, The Times of India, has joined hands with Pune Police to support an initiative for women’s safety in the city. Pune Times has launched its campaign #MakeMyCitySafe as a big shout out to the youth of Pune to come together to make the city safer...

Technology Software Applications
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/12/06/Navanit-Samaiyar_0.jpg?itok=fQLjKjss
HAL Robotics ropes in Navanit Samaiyar as board member and advisor

MUMBAI: HAL Robotics has roped in Navanit Samaiyar as its board member and advisor. Samaiyar has a record of setting up, scaling and transforming businesses across a very wide cross section of industries spanning from IT/ ITeS to steel, telecom, engineering goods, earthmoving machinery, logistics...

Technology Hardware Components
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/11/07/Arnab-Goswami.jpg?itok=VUCIzU8A
Republic TV launches Android app

MUMBAI: Republic TV is on a roll. From rocking the ratings chart in launch week itself to going international, the channel has added one more accomplishment to its kitty. The Republic TV Android app is now live.

Technology Software Applications
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/10/11/STB.jpg?itok=WsiaUBr8
STB cos in India, China enhancing features, providing customised solutions, Technavio enlists top vendors

MUMBAI: The global STB market is characterised by intense competition as the market is saturated in developed countries. The market share of these players is declining because of the entry of new players. The STB companies are enhancing the features of STBs and providing customised solutions to...

Technology Hardware Set-top Boxes
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/10/09/PFT.jpg?itok=VJugic3c
India's PFT Clear Media ERP suite to help US' PBS content delivery

MUMBAI: Prime Focus Technologies (PFT), the technology arm of Prime Focus, announced that its CLEAR™ Media ERP Suite has been selected by Public Broadcasting Service (PBS) to enhance their Network Operations Center (NOC) ecosystem efficiencies and sustainability, with the objective of reducing...

Technology Software Applications
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/10/09/JosephSiino.jpg?itok=doyka7Tg
Broadcasters, OTTs to gain as Via adds xHE-AAC at special rate

MUMBAI: Via Licensing Corporation, a intellectual property solutions provider, has announced the upcoming availability of Extended High Efficiency AAC (xHE-AAC) as part of the Advanced Audio Coding (AAC) patent pool. The expanded patent pool licence will be available at no additional cost to...

Technology Software Applications
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/10/06/Brian_Morris-Colin_Smith.jpg?itok=xVBB0KbV
Tata Comm to deliver Motorsport videos on global devices

MUMBAI: Tata Communications will now deliver video content for Motorsport.tv viewers' all devices over its global network. The two have partnered to power the growth of the network’s internet television platforms.

Technology Software Applications
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/10/06/ChyronHego_0.jpg?itok=qWRkJ4jh
How to create live video content sans pros, convert radio broadcast into visual show

MUMBAI: ChyronHego will be showcasing its live production, automation solutions at Broadcast India show in Mumbai in mid-October.

Technology Software Applications
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/10/03/Arvin%20patel%20tivo.jpg?itok=Ieo7eXfw
Sony renews IP licence deal with TiVo

MUMBAI: TiVo Corporation, a leader in entertainment technology and audience insights, has announced that Sony Corporation, a leader in consumer electronics, has renewed its multi-year intellectual property (IP) licence agreement. The license to TiVo’s patent portfolios covers all of Sony’s...

Technology Software Applications

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories