Q2-2014: Hindustan Ventures: Indusind media triples capital employed

BENGALURU: IndusInd Media & Communications Limited's (IMCL) holding company Hinduja Ventures Limited (HVL) reported profit of Rs 19.68 crore about 0.8 per cent lower as compared to Rs 19.84 crore and five per cent higher than the Rs 18.74 crore profit for Q1-2014.

Capital employed (segment assets minus segment liabilities) for media and communications segment more than tripled (3.08 times) to Rs 295.31 crore in Q2-2014 as compared to the Rs 95.94 crore for Q2-2013 and 3.03 times the Rs 97.44 crore for the immediate trailing quarter Q1-2014.

For the current quarter, HVL reported a total income of Rs 26.18 crore, 6.2 per cent more than the Rs 24.65 crore for Q2-2013 but 1.7 per cent lower than the Rs 26.62 crore for Q1-2014.

However, HVL reported a loss of Rs (-2.60) crore from its media and communications segment for Q2-2014 as compared to small profit of Rs 0.5717 crore for the corresponding quarter of last year and a loss of Rs (-4.40) crore for the immediate trailing quarter. Revenue from this segment in HVL’s financials for Q2-2014 fell by 25.3 per cent to Rs 1.09crore as compared to the Rs 1.46 crore for Q2-2013. For Q1-2014, revenue from media and communications was also Rs 1.09 crore.

HVL claims that IMCL has an estimated subscriber base of 0.85 crore subscribers in 36 major cities in the country and that IMCL has planned new services for the digital cable foray, apart from the broadband services like HD services, hybrid STBs for cable and internet, and value added services for digital cable. It says that the Digital Addressable System (‘DAS’) that was introduced by the government on 1 November 2012 in phases - offers a unique opportunity to IMCL to make all its subscribers addressable and monetise its subscription revenues manifold.

Three other segments besides media and communications contribute to HVL’s revenue - real estate; investments and treasury; and others. While all the other segments reported small loss, investments and treasury reported a profit of Rs 24.15 crore for Q2-2014 as compared to the Rs 22.35 crore for Q2-2013 and the Rs 24.43 crore for Q1-2014.

Latest Reads
Ogilvy India makes key top-level appointments

MUMBAI: Advertising agency Ogilvy India has announced the appointment of Prem Narayan as its new chief strategy officer and Balagopalan Ganapathy as the new head of planning, Ogilvy Mumbai. Narayan and Ganapathy have started in their respective roles with immediate effect.

MAM Media and Advertising People
SVG Columbus debuts with big wins at IAMAI's 8th India Digital Awards

SVG Columbus has been honoured with 2 Golds and 1 Silver by the Internet & Mobile Association of India (IAMAI) on its debut. For the record, SVG Media was acquired by Dentsu Aegis Network in April 2017. Post the acquisition, SVG Media launched Columbus – an agency focused on Data Driven...

MAM Marketing MAM
81% Indians find ads intrusive: KMB study

MUMBAI: A well-executed multichannel campaign is a thing of beauty. But over one in four of the campaigns we see are not well integrated, and consumers are much more critical than marketers about campaign connectivity. Also, less than half of all campaigns take full advantage of different channels...

MAM Marketing MAM
Vivo YouTube campaign saw better response using Vogon

MUMBAI: Chinese smartphone brand Vivo rolled out a digital campaign - ViewTube, giving a new wave to YouTube’s ongoing TrueView Ads. With the launch of its V7 model, Vivo leveraged Google’s Director Mix tool to launch a campaign that offers a unique creative solution to gauge higher viewer...

MAM Marketing MAM
Big Bazaar launches game to promote R-day sale

MUMBAI: Hypermarket chain from Future Group, Big Bazaar, has created a mobile game to promote its mega property, ‘Big Bazaar Sabse Saste 5 Din’. Designed and executed by L & K Saatchi & Saatchi, Big Bazaar’s innovative deal game is set to transform the shopping experience in India....

MAM Marketing Brands
Inito gives anxious couples hope through its new ad

The desire to have children is something that is harboured by millions of couples. But, in the eagerness to do so, many times this whimsical process ends up becoming strenuous and stressful for many. In order to help beat the woes for many such couples, Inito, a medical technology company, has...

MAM Marketing Brands
Vernacular content consumers to be 2.5 times English by 2021: Deloitte

MUMBAI: Deloitte India has launched the eighth edition of its report on technology, media and telecommunications which predicts major advances in machine learning, voice over LTE (VoLTE) technology services and over-the-top (OTT) platforms, apart from other trends.

MAM Marketing MAM
IAA's new initiative seeks to end rigidity in office timings

A new social initiative titled #WorkToLiveToWork has been undertaken by the International Advertising Association’s (IAA) India chapter with Nandini Dias, managing committee member of IAA and CEO of Lodestar India, at the helm. Dias lost two colleagues in separate accidents related to railways...

MAM Media and Advertising People
PVR promotes cleaner air

MUMBAI: Cinema exhibition company PVR Pictures has launched a new campaign called, #BeTheCommuter with an aim to promote clean air and curb pollution.

MAM Marketing Brands

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories