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
Republic TV to track real-time data for Gujarat elections

MUMBAI: Republic TV has partnered data-science company Gramener to track real-time data, along with analysis, during the Gujarat elections. According to a release sent by Republic TV, “Gramener will help enhance the visual look both on-air and on Republic’s digital platforms to present the data in...

Television TV Channels News Broadcasting
Nakul Chopra is new BARC chairman

MUMBAI: Nakul Chopra, currently president of Advertising Agencies Association of India (AAAI) and senior advisor of Publicis Communications, has been elected as the next chairman of BARC India. Chopra succeeds Viacom18 group CEO Sudhanshu Vats, who has completed his one-year tenure as chairman.

Television TV Channels Viewership
Nitin Kukreja joins iQuest

Former Star India sports head Nitin Kukreja has joined iQuest Enterprises as its chief executive officer. Kukreja had left Star in March this year. IQuest is an enterprise of Nimmagadda Prasad, the former owner of the Maa TV group, who has multiple business interests ranging from infrastructure to...

Television TV Channels Sports
Sun TV's unassailable lead continues, while Zee TV leads Hindi across genre

BENGALURU: The Sun network's flagship Tamil general entertainment channel (GEC) Sun TV continued its lead in ratings across all GECs on Indian television for week 48 of 2017 (25 November to 1 December 2017) according to Broadcast Audience Research Council (BARC) weekly ratings data

Television TV Channels GECs
Republic TV, BTVI join hands for budget coverage

MUMBAI: Republic TV, spearheaded by Arnab Goswami, and Business Television India (BTVI) have entered into an alliance for content and programming around Union Budget 2018. The Republic TV- BTVI alliance promises to offer viewers a distinctive experience.

Television TV Channels News Broadcasting
Mairu Gupta and the art of building the NBA in India

MUMBAI: For basketball fans worldwide, the US National Basketball Association (NBA) represents the mecca of the sport. But in India, the NBA has had its task cut out, what with cricket presenting a near impenetrable line of defence.

Television TV Channels Sports
CNN-News18 'Indian of the year' 2017 special Telecast on 9 and 10 December

MUMBAI: The awards night of the annual and flagship initiative of CNN-News18, ‘Indian of the Year – 2017’ will be telecasted on the 9 and 10 of December at 9:30 PM on the channel. The initiative, whichrecognizes and awards the exceptional contribution and achievements of the iconic Indian citizens...

Television TV Channels News Broadcasting
Music channels bet on shows to boost viewership

MUMBAI: Seems like music channels are playing second fiddle to online music platforms when it comes to playing tracks. In an attempt to grab more eyeballs, pure-play music channels on television are moving away from the music content and focusing more on the youth-centric shows.

Television TV Channels Music and Youth
Zee TV leads Hindi GECs in week 48 of Barc ratings

MUMBAI: Zee TV emerged as the leader among Hindi general entertainment channels (urban + rural) dethroning Zee Anmol, according to Broadcast Audience Research Council’s (BARC) all-India data for week 48.

Television TV Channels GECs

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories