UTV posts Rs 47 million net profit

MUMBAI: UTV Software Communications Limited has posted a consolidated net profit of Rs 47 million on a turnover of Rs 405 million for the quarter ended 30 September 2005.

The television segment, comprising TV content production, airtime sales, animation, ad films and dubbing businesses, earned Rs 180 million and contributed 46 per cent of the company's consolidated revenues for the quarter. UTV produced 10 hours of programming per week on an average across genres, dubbed over 300 hours of content and sold over 37,250 seconds of airtime. The company said that this segment of UTV's business had witnessed improved operating margins as compared to the previous quarter.

Film production and distribution related activities in India and abroad earned a revenue of Rs 190 million and contributed 49 per cent of the company's total revenues in the quarter.

During the early part of the quarter under review, UTV's animation facilities were hit due to floods in Mumbai. The facilities have been relocated to a better place and ensured that this kind of natural calamity will not affect business in future, UTV clarified. UTV animation facility was fully insured and the company expects to get compensated for the damage during the second half of the current fiscal.

Commenting on the results, UTV CEO Ronnie Screwvala said, "UTV has demonstrated portfolio approach towards its businesses during the quarter. We have reported equal contribution from television and film revenues. Also, we have demonstrated our ability to grow our businesses through partnerships and effective utilisation of our strengths in Content. During the remaining period of this fiscal we have more than six blockbuster films lined up for release, which necessarily will help UTV to attain leadership position in the Motion Picture space - not just in production but in global distribution too. Animation remains one of our focus areas where we have logged in a order book of over USD 15 million during the quarter, which is to be executed within next 3 years."

On kids' broadcasting space, he added: "Hungama TV is rapidly moving towards its breakeven, which strengthens our belief in the Kids space of broadcasting. We have started leveraging our strengths in Kids content space in the international markets. One such example is our JV with ASTRO, a leading DTH operator in Malaysia to start and manage two Kids channels in Malaysia and Indonesia."

At the end of September 30, 2005, net debt of the company stood at Rs 500 million, which was primarily utilised for working capital requirement in the film business. Total capital employed in the operations is Rs 2.02 billion.

Latest Reads
Nat Geo to showcase 'Before The Flood' TVC-free

On the heels of last Friday’s theatrical release of the critically acclaimed film 'Before the Flood' in New York and Los Angeles, National Geographic Global Networks CEO, Courteney Monroe, shared the network's plans to premier the show commercial free across digital and streaming platforms around...

Television TV Channels Factual & Documentary
Disney India acquires rights of 'Freaktown'

Disney India has acquired the Canadian animated comedy series 'Freaktown' from Portfolio Entertainment. Broadcasters in the UK and Denmark have also acquired the rights for the same movie.

Television TV Channels Kids
ZMCL to demerge print biz into DMCL, list; approves new home shopping channel

The board of directors of ZMCL has inter alia approved a draft of Scheme of Arrangement and Amalgamation for demerger of print media undertaking of the company into Diligent Media Corporation Limited (DMCL), merger of Mediavest India Private Limited and Pri Media Services Private Limited into DMCL...

Television TV Channels News Broadcasting
DD D-G Sahu elected Asia-Pacific Broadcasting vice-president

Doordarshan Director General Supriya Sahu has been elected as the new vice-president of the Asia-Pacific Broadcasting Union. The election was held during the 53rd annual Asia-Pacific Broadcasting Union General Assembly hosted by the Indonesian public broadcaster RRI,

Television TV Channels People
Star Movies presents 'Films To See...' every weekday starting 7 Nov

Star Movies Select HD has been staying true to its promise of impeccable curation by showcasing the best. Star Movies sets standards of storytelling high inspiring a lot of others to try and re-invent the art of movie showcasing business.

Television TV Channels English Entertainment
Q2-17: Zee Media operating profit up

BENGALURU: The Essel Group’s news network Zee Media Corporation Limited (ZMCL) reported more than double (2.47 times) year-over-year (y-o-y) operating profit (Simple EBIDTA) for the quarter ended 30 September 2016 (Q2-17, current quarter) . The company reported EBIDTA of Rs 18 crore (14.3 per cent...

Television TV Channels GECs
National Geographic Channel to undergo major rebranding

MUMBAI: Come 14 November and the National Geographic Channel will have a new shortened sobriquet. The word channel will disappear from its name and it will be simply known as National Geographic and a new tagline “Further.” The change is expected to take place simultaneously across all the 445...

Television TV Channels Factual & Documentary
Maha Cartoon targets 65 per cent rural HSM via DD FreeDish, 2000 LCOs

Who can forget the Charlie Chaplin show which entertained the world audience of all ages. Maha Cartoon, the first free-to-air (FTA) Hindi cartoon channel targeted at the Hindi-speaking markets (HSM), will be launched on India's largest DTH platform DD FreeDish on 1 November. The new Maha Cartoon...

Television TV Channels Kids
Vikram Chandra steps down; KVL Narayan Rao is new NDTV group CEO

The rumours that were making rounds of Vikram Chandra quitting NDTV have now been put to rest.

Television TV Channels People

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories