ETC posts profit of Rs 62.26 million in Q1 2002

ETC Networks seems to have turned the corner.

After posting losses of Rs 136.12 million for the year ended 31 March 2002, the company has claimed to have notched up a net profit after tax of Rs 62.26 million for Q1 2002-03. The growth, of more than 464 per cent over last year's corresponding figures of Rs 11.03 million, has been achieved due to an improvement in the performance of both ETC Music and ETC Punjabi, the company claims.

Total income of the company for the quarter ended 30 June 2002 stands at Rs 111.77 million as against Rs 771.85 for the same period last year, a growth of 44.8 per cent. Cost control measures and improvisations in the revenue mix, says the company, have helped improve the EBITDA margin from 21.3 per cent to 56 per cent over last year's corresponding figures.

Zee Telefilms (which now holds 51 per cent stake in ETC Networks) group broadcasting CEO Sandeep Goyal has responded to ETC's better performance this quarter with, "The process of integration is continuing in full swing and we have launched Alpha ETC Punjabi earlier this month in UK. This channel will be launched in the US and Canada markets in the months to come." 

ETC claims to lead in the market share and reach of both its channels. Quoting TAM figures, it says that out of the top ten programmes in the music channel segment, etc occupies five slots, while ETC Punjabi continues to lead the Punjabi language segment.

While the company had managed to halve its programming and telecast expenses to Rs 125.871 million in FY 2001-02, its turnover had dived to Rs 313.3 million from Rs 538.2 million the previous year.

Latest Reads
Comedy Central sets pace for ultimate celebration with over 100 hours of non-stop FRIENDS ultra marathon for its 6th birthday

Birthdays and New Years are great occasions to make resolutions for participating in marathons. However, this is one marathon which calls for hanging up your running shoes and grabbing the best spot in front of the telly with a bowl of munchies to keep you going because, for the first time ever in...

Television TV Channels English Entertainment
U Sports launches India's first ever Multi-Platform Multi-Game E-Sports Championship - U Cypher with MTV

The Indian E-Sports scenario is all set for a major revamp as U Sports, one of India’s biggest sports business companies in association with India’s No. 1 Youth Brand, MTV, announces the premiere of their all new month-long championship, U Cypher with MTV. Premiering today, on 19th January, the...

Television TV Channels Sports
TV ownership increased by 14% in 2017: IRS

After a gap of four years, the Indian Readership Survey (IRS), which documents the growth of the media industry, has been released for 2017. The survey methodology was criticised in 2014 and, therefore, was halted for an upgrade. This time, the sample size has been increased by 34 per cent to 3.2...

Television TV Channels Viewership
CNN-News18 launches 'If I Were FM Challenge'

As part of its Budget programming, CNN-News18 is launching the ‘If I were FM Challenge’. The campaign will encourage viewers to contribute their suggestions for the Union Budget. The channel will run an extensive on-air campaign to promote the same.

Television TV Channels News Broadcasting
BBC World News to Broadcast 'China's Chat Girls'

Lele Tao is an internet superstar in China’s $3 billion dollar ‘live streaming’ industry. With more than a million fans she can earn thousands of dollars a day singing, dancing, flirting, or often just chatting into her webcam. Fans buy her virtual gifts which she redeems for cash. In return she...

Television TV Channels News Broadcasting
PKL season 6 and 7 dates announced

The second most watched domestic league in India, Vivo Pro Kabaddi League owned by Mashal Sports and Star India announced the dates of sixth and seventh season.

Television TV Channels Sports
Star Bharat leads Hindi GEC (U+R) in week 2 of BARC ratings

MUMBAI: Star Bharat emerged as the leader in the Hindi GEC (U+R) genre dethroning Zee Anmol according to Broadcast Audience Research Council (BARC) all India data for week 2 of 2018.

Television TV Channels Viewership
BARC week 2: Aaj Tak leads Hindi News in all three markets

MUMBAI: Republic TV continues its leading streak in the second week of the year as well in BARC All India ratings. News Nation stays in the top five chart in week 2 of 2018 in Hindi News Rural market. Aaj Tak tops the chart again in Hindi News Urban market.

Television TV Channels Viewership
Dsport acquires India rights of tri-nation tournament in SL

Discovery’s sports channel Dsport has acquired the exclusive India broadcast rights of Nidahas Trophy 2018, a tri-nation international T20 tournament involving India, Sri Lanka and Bangladesh. The transaction was facilitated by Lagardère Sports, the global marketing consultant of Sri Lanka Cricket...

Television TV Channels Sports

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories