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=TRR0P1RJ

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/2017/02/28/Kalli%20Purie-800x800.jpg?itok=fUrJLdfn
India Today taps Taboola to drive engagement, rev & audience development

MUMBAI: Taboola, one of the world’s leading discovery platforms, has announced an exclusive, three-year renewal agreement with India Today. Under the agreement, India Today will be integrating Taboola’s personalised content recommendations, full page personalisation, newsroom and audience exchange...

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/02/28/V-NAAIDU-800X800.JPG?itok=uW3cHCJ-
Content with subtitles on India, Ukraine pubcasters discussed

MUMBAI: India and Ukraine have agreed to strengthen the bilateral cooperation between the twocountries through the medium of Cinema. The cooperation would be worked out through a policy and institutional framework to showcase films through the medium of Film Festivals and utilizing the Film...

Television TV Channels Terrestrial
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/02/28/entertainment.jpg?itok=lpRvLERa
Politics interferes with entertainment, channel coerced into pulling out particular content

MUMBAI: The film wing of a regional political party claimed that it has ‘forced’ a TV channel not to telecast content which it felt was insulting Shivaji Maharaj. MNS film wing's Amey Khopkar told PTI that he wrote to the channel, warning them against telecasting the programme which showed Shivaji...

Television TV Channels GECs
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/02/28/STAR-PLUS-DOPAHAR-800x800.jpg?itok=qSqLfQEx
Star Plus gambles with afternoon programming in the run-up to IPL

MUMBAI: Star Plus is not only known for experimenting and being bold with its content but also with its time slots. It was the first Indian GEC which turned the prime time clock back by launching Sasural Genda Phool and Saath Nibhana Saathiya in the 7pm band more than half a decade ago.

Television TV Channels GECs
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/02/28/Supriya-Sahu.jpg?itok=fM4G8zWg
Efficient management: DD implements online scheduling, billing & payment

MUMBAI: Doordarshan has implemented the Broadcast Air Time Traffic Scheduler (BATS) for online commercial scheduling & billing as well as for payment through SBI gateway.

Television TV Channels Terrestrial
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/02/28/inside%281%29.jpg?itok=a4cQPdmr
Tarun Katial's big magic with Big Ganga

MUMBAI: A takeover is in progress. Yet, that is not getting in the way of television veteran Tarun Katial. For him, it is business as usual. The CEO of Reliance Broadcast Networks Ltd, who cut his teeth as a media professional in the early part of his career, is pleased as punch. The reason: RBNL'...

Television TV Channels Regional
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/02/27/pete%20%281%29.jpg?itok=JX1h2Zuu
Pete Holmes makes his way to Star World Premiere HD with 'Crashing'

Star World Premiere HD, India’s leading English entertainment channel is known for handpicking some of the most award-winning, star-studded and critically acclaimed shows on television today. Taking its entertainment quotient a notch higher, the channel that exclusively airs comedy series - Emmy...

Television TV Channels English Entertainment
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/02/27/gaurav-banerjee%20%281%29.jpg?itok=PWD8w9tN
Star Plus Dopahar launched with original, diverse and differentiated content

MUMBAI: Star Plus has announced Star Plus Dopahar, an afternoon time-band (12:30 to 3 pm) on television, with a spectrum of original, diverse and differentiated content. In a category with fierce competition, Star Plus, as the leader, has always anchored change by redefining the rules of the game....

Television TV Channels GECs
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/02/28/avinasgkaul-rajesgraina.jpg?itok=13JvkXT1
ETV revamps channels in five states, launches special

MUMBAI: Continuing with the on-going refresh of its channels, ETV channels in MP/Chhattisgarh, Bihar/Jharkhand and Rajasthan also underwent a complete makeover. Apart from the fresh packaging, new look and feel; new shows were also launched on these channels. To promote the new look, the channel...

Television TV Channels News Broadcasting

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories