iWorld

Radio City revenue up 12.9 percent, adjusted profit up 19.2 percent in FY-16

http://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2016/06/22/radiocity_logo21.jpg?itok=ALIHzJRL

BENGALURU: Music Broadcast Limited (MBL, Radio City) which runs Radio City reported 12.9 percent growth and 19.2 percent growth in revenue and adjusted profit after tax (PAT) respectively for the fiscal ended 31 March 2016 (FY-16, current year). Radio City reported revenue of Rs 226.76 crore for FY-16 as compared to revenue of Rs 200.84 crore in the previous fiscal. 

Adjusted PAT in the current year was Rs 55.94 crore (24.7 percent PAT margin of revenue) as compared to Rs 46.92 crore (23.4 percent PAT marginof revenue ) in the previous year. After accounting for exceptional items that represent incentives to management team in respect of their past services in terms of agreement with erstwhile promotes, reported PAT for FY-16 works out to Rs 42.37 crore (18.7 percent PAT marginof revenue ), which means that final PAT in the current year has declined 9.7 percent as compared to FY-15.

Note: The unit of currency in this report is the Indian rupee - Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:

(a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.

(b) 10,000 lakh = 100 crore = 1 arab = 1 billion.

Radio City?s operating profit (EBIDTA) in FY-16 increased 24.7 percent to Rs 77.27 crore (34.1 percent EBIDTA margin) as compared to Rs 62.16 crore (31 percent EBIDTA margin) in FY-15.

Expenses in FY-16 were 7.8 per cent higher at Rs 149.49 crore (65.9 percent of revenue) as compared to Rs 138.67 (69 percent of revenue).

The company paid almost three times (2.95 times) the Interest in FY-16 at Rs 18.30 crore (8.1 percent of revenue) as compared to Rs 6.21 crore (3.1 percent of revenue) for FY-15.

Jagran Prakashan numbers in brief

MBL?s parent company, Indian publishing company Jagran Prakashan Limited (JPL) reported 19 per cent increase consolidated operating revenue in FY-16 to Rs 2,106.5 crore as compared to Rs 1,769.8 crore in FY-15.

JPL?s advertising revenue increased 25.2 per cent to Rs 1,560.9 crore from Rs 1,247.1 crore. Circulation revenues in the current year increased 4.7 per cent to Rs 408.5 crore from Rs 390.1 crore s compared to the previous year. JPL?s PAT in FY-16 increased 44.3 per cent to Rs 444.7 crore from Rs 308.1 crore in FY-15. JPL?s PAT in FY-16 after adjusting extraordinary item of Rs 101.8 crore on account of profit on sale of treasury share in Q1-16 and Rs 14.5 crore in Q2-16 and gain arising out of sale of treasury shares in Q4-16 is Rs 328.4 crore in FY16 and Rs 227.8 crore in FY-15.

Latest Reads

http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/09/20/Hoichoi.jpg?itok=-0b6Vd6x
Hoichoi to introduce pay-per-view, offline payment method

SVF, the big name in Bengali entertainment industry, last year launched its Bengali OTT platform Hoichoi riding the wave of digital growth.  In the second season of its journey, it is expanding its footprint into Bangladesh and UAE market.

iWorld Over The Top Services
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/09/20/Eros-Now.jpg?itok=F_v6dDmN
Eros Now to launch original regional web series by early 2019

Eros Now, the digital arm of Eros International announced its foray into the original content space with its first series Side Hero, with all episodes available for binge-viewing from 24 September 2018.

iWorld Over The Top Services
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/09/19/anil.jpg?itok=t6hsUfPg
Anil Ambani to exit telecom business; focus on real estate

The 14th AGM of Reliance Communications, promoted by Anil Ambani, saw confirmed talks of Anil Ambani's exit from the telecom business. He said that Reliance Communications will concentrate majorly on real estate in the future.

iWorld Telecom
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/09/19/Rajneel.jpg?itok=8gsCO9p5
Rajneel Kumar joins ZEE5 as Business Head – Expansion Projects & Head of Products

ZEE5 India, India's largest platform for multi-language content, today announced the appointment of Rajneel Kumar as the Business Head –Expansion Projects& Head of Productsfor the digital Business of Zee Entertainment Enterprises Ltd.

iWorld Over The Top Services
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/09/19/4g.jpg?itok=p7b8F2kl
Jio continued to add subscribers rapidly in July 2018

Mukesh Dhirubhai Ambani’s largest startup in the world in the form of Reliance Jio Infocomm Limited, or simply Jio, continued adding subscribers at almost constant rate in the month of July 2018 (Jul-18) according to Telecom Regulatory Authority of India (Trai) Telecom subscription data.

iWorld Broadband
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/09/18/vodafone.jpg?itok=Nvp96HU9
Vodafone Idea board approves merger of Aditya Birla Telecom

The board of Vodafone Idea Ltd has approved the merger of Aditya Birla Telecom Ltd (ABTL) with itself while the latter holds an 11.15 per cent stake in telecom tower firm Indus Towers.

iWorld Telecom
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/09/18/walker.jpg?itok=W_v-btT8
CloudWalker partners with Spuul to liven up the living room with 10,000 hours of your favourite Bollywood and Regional movies

CloudWalker, a Smart TV company and Spuul, a popular online video streaming service has announced a partnership to enable users to watch Bollywood and regional movies on Cloud TV X2, India’s First 4K-Ready Full HD Smart TV on Android 7.0 Nougat OS.

iWorld Over The Top Services
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/09/18/eros.jpg?itok=QSnAA7hO
Eros International joins hands with Ajay Kapoor of Kyta Productions for Pataakha & Kirik Party

Eros International Media Ltd (Eros International), the leading Indian film and entertainment company, announced its collaboration with Kyta Productions Pvt Ltd for two forthcoming films – Vishal Bhardwaj’s Pataakha and the Hindi remake of Kannada super hit Kirik Party.

iWorld Over The Top Services
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/09/18/Flipkart_Hotstar.jpg?itok=IfVsgygr
Flipkart likely to buy stake in Hotstar: Report

Flipkart is taking a leaf out of Amazon’s book. Like its US rival, Flipkart is looking at buying a stake in India’s leading OTT platform, Star India-owned Hotstar, according to a report in Mint.

iWorld Over The Top Services

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories