Television

Hinduja TMT declares 70% dividend for FY 02-03, PAT up 33% to Rs 620 m.

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/tv-images/2015/09/22/Untitled-1_6.jpg?itok=r2S6poa9

MUMBAI: HTMT's board at its meeting held today recommended a total dividend of Rs 7 per share (70 per cent) for approval by its shareholders in the forthcoming AGM, including interim dividend of Rs 5 per share already paid in the month of May 03.

 

 

The total income of HTMT for the financial year 02-03 as compared to the previous year rose by 57 per cent from Rs 729.4 million to Rs 1144.7 million and net profit by 33 per cent from Rs 467.3 million to Rs 620.3 million, a company release says.



HTMT expects revenues to grow by about 60 per cent with a net profit margin of 45 per cent on the total turnover in 2003-04. The assessment is based on new contracts already signed and projects in the pipeline,



As regards the results for the quarter ended the 31st March 03, the company's revenue increased by 29 per cent as compared to the corresponding quarter of 01-02.



As per the audited consolidated financial results of HTMT and its subsidiaries for the year ended 31 March 03, the combined revenue has gone up by 32 per cent to Rs 2167.8 million and the consolidated profit after tax by 86 per cent to Rs 583.2 million.



Following successful completion of the BPO contract for claim processing with a major health care insurance company in the US, HTMT has during the year renewed its BPO contract for another two years with an option for further renewal of one year. The renewed contract is likely to yield approximately Rs 1 billion (over $ 20 million) in revenues during this period.



Total employee strength in HTMT's IT division grew by 63 per cent from 953 at the beginning of the last fiscal to 1,550 presently owing to expansion in BPO/Call Center business.



New clients:

During the year HTMT has also developed a relationship for one of its clients for offshore call center services in Philippines wherein 100 seats are currently in operation, the release says.



HTMT has secured three new clients - one from the USA for claim processing, and two for call center services from clients in the USA and UK and these contracts are expected to generate additional revenues of over $ 25 million (Rs 1.2 billion) in the next three years.



Expansion plans in Philippines and Mauritius:

HTMT is actively considering expansion of BPO business in Mauritius as desired by its insurance customer for geographical diversity.



In order to broad base its service delivery capabilities and enhance its domain expertise, HTMT is exploring possibilities of acquiring a 900 agent call centre company at Philippines, which is likely to be ramped upto 2000 agents. The call centre company is already serving a few Fortune 500 clients. The legal and financial due diligence exercise respectively by Crawford Bayley & Company, Solicitors and PriceWaterhouseCoopers has been completed. A decision on the acquisition structure and other details will be taken shortly.



Investments in media / telecom businesses

Kudelski SA, Switzerland has recently agreed to take in 2.41% in the equity of HTMT's Media and Telecom subsidiary viz: IMC for $ 12 million, giving IMC a valuation of about $500 million (Rs 23 billion), Nagravision, Kudelski's subsidiary, will become a technology partner with IMC and supply its conditional access system.



The company's associate, Fascel Ltd., the largest cellular services provider in the Gujarat circle with more than 500,000 subscribers, has posted profits in 2002. The recent sale of Kotak Mahindra's 11 per cent stake in Fascel at Rs 920 million provides a benchmark valuation to HTMT's 19.71 per cent effective stake in Fascel, which was acquired through share swap on merger of a privately held Hinduja Group company with itself in 2001-02, the release says.

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/12/07/Ary-news.jpg?itok=iSuCoqa2
ARY News asked to pay INR 1.58 cr to Geo TV as compensation

MUMBAI: A legal rift raging between two big media groups in Pakistan -- ARY News and Geo TV -- settled recently in a British Court. ARY News lost the legal battle and will have to pay approximately INR 1.58 crore compensation to Geo.

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/12/07/star-sports.jpg?itok=E4E8tvl_
Star Sports continues to make cricket bigger; India-NZ ODI series highest rated bilateral ODI series in three yrs

MUMBAI: Star Sports builds cricket further and strengthens its popularity at a pan-India level making the India-NZ ODI series as the highest rated bilateral ODI series in the last three years.

Television TV Channels Sports
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/12/07/STAR-PLUS-800x800.jpg?itok=4RCO6PQf
Star Plus gears up for 'Dil Hai Hindustani' launch in January

MUMBAI: After launching P.O.W, Star Plus is geared up to launch its yet another grand singing reality show "Dil Hai Hindustani." Though the channel has not officially announced the launch date, but the show is slated to go on air by January 2017, and will be replacing Masterchef India at 8pm time...

Television TV Channels GECs
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/12/06/steve1.jpg?itok=Z86RBizl
MN+ celebrates Steven Soderbergh this month!

MUMBAI: 'Director's Cut', the flagship property of MN+, is preparing to treat its viewers with an exhilarating line-up of gold class Hollywood movies by the Oscar Award winning director 'Steven Soderbergh'. The ongoing property will air some of the finest works of Steven from 10 December, 2016,...

Television TV Channels English Entertainment
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/12/06/Dance%20Singapore%20Dance_0.jpg?itok=m5uCpty4
Sheriden, Sufri emerge winners of Dance Singapore contest

MUMBAI: The second season of Dance Singapore Dance on Zee TV APAC comes to an end with a spectacular grand finale. Sheriden Newman, 29, danced her way to victory after emerging as thewinner of Season 2. Sheriden, 29, a dance graduate from Queensland University of Technology outperformed over 200...

Television TV Channels GECs
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/12/06/Discovery-800x800.jpg?itok=zedEwSn7
Discovery's 'Jawai: India's Leopard Hills' wins at Asian Television Academy

MUMBAI: Discovery India’s production Jawai: India’s Leopard Hills has won the Best Natural History / Wildlife Programme at the prestigious Asian Television Academy Awards 2016, held in Singapore. Produced by Robin Roy Films, Jawai: India’s Leopard Hills combines state-of-the-art technology and...

Television TV Channels Factual & Documentary
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/12/06/NaomiCampbell-800x800.jpg?itok=R2oPtlGa
Fox Life brings supermodel Naomi Campbell in 'The Face' series

MUMBAI: Fox Life is all set to become the latest destination for high fashion as it launches a thrilling reality TV series The Face. The show is filled with passion and race to win which has never been seen with this intense and real before. The series began on 5 December and airs every Monday and...

Television TV Channels Specialised and Niche
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/12/06/Niharika_0.jpg?itok=aaA4Ozxj
Star Suvarna to air new show ‘Niharika’ from 12 Dec

MUMBAI: Star Suvarna is all set to air its new show Niharika. A new concept which is not just a “Atte-Sose” (Kannada) or a kitchen drama. Starting from 12 December, the show will be aired at 8pm time slot.

Television TV Channels GECs
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/12/06/Pankaj-Raghav.jpg?itok=m17NTSIr
Cracking Chrome DM-Da Vinci code as legalities take over

MUMBAI:  When business partners --- erstwhile or otherwise--- part ways acrimoniously, dirty linen gets washed in public. Almost a year after parting ways, Da Vinci Learning (DVL) TV channel, through its Indian JV partner Quintillion Media Pvt. Ltd, has served a breach of contract notice to...

Television TV Channels Kids

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories