ETC posts similar Q1 results to last year

ETC Networks Ltd, which owns music heavy Hindi channel etc and etc Channel Punjabi, has announced its Q-1 results for the year 2001-2002. The network has not shown any major changes in its performance compared to the corresponding quarter last year.

Net revenues have gone up marginally by 1.7 per cent to Rs 77.09 million. But because of gross reduction in other income, total income has gone up even lower at 0.8 percent. The reduction in the other income is due to the closure of some tie-ups which impacted on revenues.

On the expenditure front, programming and telecasting costs have gone up considerably. A company spokeperson said the increase in the programming expenses was largely due to the software costs incurred for the launch of etc Channel Punjabi last year.

But at the same time the staff costs and other expenses has gown down by 32.5 per cent. "Restructuring is taking place in the company. As a result of that the costs have gone down. Also the channel has now settled down in its operations, so now we are able to cut down on excessive costs," a company spokesperson pointed out.

Interest costs have gone up. This is because fresh funds have been infused for the network's expansion plans. In the coming months that investment is expected to show returns, the spokesperson said.

The OPM (operating profit margin) has gone up from 17.86 per cent to 21 percent with PBDIT of Rs 16.47 million in Q1 this year where as NPM (net profit margin) has remained at the same level of around 14 per cent.

The stock market was not overly enthused by the results. The script moved in narrow band between Rs 11.95 - Rs 12.45 and closed at Rs 12.20 with more than 13,000 shares changing hands on the BSE.

Latest Reads
STAR Maa announces call for entries for a brand new reality show PelliChoopulu

In continuation to give its viewers a unique and entertaining show, Star Maa the most viewed Telugu entertainment channel has announced the call for entry for its upcoming reality show PelliChoopulu.

Television TV Channels Regional
Zee Telugu announces auditions for all new season of its legendary dance reality show, Aata Juniors

Aata Juniors, one of Zee Telugu’s most sought-after reality shows is soon making a comeback to the channel and is looking for the final contestants via auditions.

Television TV Channels Regional
Sony Max pushes its way to most watched Hindi channel across genres

Sony Pictures Network India (SPN) Hindi movies channel Sony Max was ranked second in Broadcast Audience Research Council of India (BARC) weekly list of top 10 channels across genres (across genres list) for week 28 of 2018 (Saturday, 7 July 2018 to Friday, 13 July 2018, week or period under review...

Television TV Channels Viewership
Dangal TV prepares to scale up ambition with new play

When it comes to general entertainment channels (GECs), hitting the sweet spot isn’t all that easy.

Television TV Channels GECs
Comcast drops bid for 21st Century Fox assets, cedes prize to Disney

The fierce bidding war between Comcast and Disney has finally ended with the former dropping out of the race to gobble up the prized 21st Century Fox assets. Comcast will now shift its focus towards sealing the Sky deal.

Television TV Channels Movie Channels
ZEEL elevates Manish Aggarwal as business head of Zee5 India

In a recent development, Manish Aggarwal has been elevated as business head of Zee5 India, the OTT platform of Zee Entertainment Enterprise (ZEEL).

Television TV Channels People
Sun Life enters Tamil market in BARC week 28

Sun Life, the movie channel by Sun TV Network came as a new entrant this week after Broadcast Audience Research Council (BARC) released its ratings for week 28.

Television TV Channels Regional
Colors Gujarati to launch a dance reality show ‘Naach Maari Saathe’

Colors Gujarati is all set to bring a dance show named Naach Maari Saathe. The show which will hit the small screen from 23 July will have Hitu Kanodia, Vyoma Nandi and Neerav Bavlecha as the judges.

Television TV Channels Regional
Brahmagantu’s Gundamma to emerge on Zee Kannada’s DKD

Zee Kannada, creating the best entertainment programmes, has become a household name for quality entertainment.

Television TV Channels Regional

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories