iWorld

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

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/tv-images/2016/06/22/radiocity_logo21.jpg?itok=HkutuSFn

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/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/07/22/ACT-CEO-Bala-Malladi.jpg?itok=pwQaZK2s
ACT to invest Rs 7 bn in wireline infra, Rs 1 bn for Delhi

Atria Convergence Technologies, India's third largest wired broadband services firm after BSNL (9.80 million subscribers) and Bharti Airtel (2.09 million), plans to invest up to Rs 7 billion this year to expand its presence and infrastructure across India, which will be funded through internal...

iWorld Broadband
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/07/21/broadband.jpg?itok=wFUQcp0_
Wireless b'band data speed ideas date extended

NEW DELHI: With stakeholders saying that various technical and network issues are involved, the Telecom Regulatory Authority of India has once again extended the last date for views on ensuring transparency and customer awareness regarding data speeds under wireless broadband plans. Stakeholders...

iWorld Broadband
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/07/21/jio.jpg?itok=Cj6LToTN
Mukesh Ambani offers JioPhone from 15 Aug

At the 40th AGM, Reliance Industries chairman Mukesh Ambani introduced 'India Ka Smartphone' – the JioPhone. It is said to be a 4G-enabled cost-efficient feature phone, which works on voice commands.

iWorld Telecom
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/07/21/Mukesh-ambani-800x800.jpg?itok=2PuwSMuG
Jio to raise Rs 200 bn for next phase of expansion

MUMBAI: Reliance Jio Infocomm (Jio) is planning to raise Rs 200 billion through a rights issue of OCPS (optionally convertible preference shares). Jio will raise the amount through the rights issue of shares to shareholders as Reliance Industries' wholly-owned subsidiary is reading for the next...

iWorld Broadband
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/07/21/Untitled-1.jpg?itok=e81KhwdL
Synergy between quality content & branding workable in digital space, feel industry experts

MUMBAI: Providing young 'jobbers' in India with new, engaging and emotionally-connecting original OTT content that may be closer to their life, family or work situations with or without subtle brand integration would eventually lead to a pay-model (SVoD). And, that seemed to the underlying theme...

iWorld Over The Top Services
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/07/21/sandeep%20reddy.jpg?itok=Cjlxi6tZ
Just 11% video viewership is on OTT: Akamai's Reddy

Video viewership is growing at about eight and a half hours a month at present, and is expected to double or triple over the next year. However, 89 per cent of video viewership is on YouTube and Facebook, and only 11 per cent is shared among OTT players in India, according to Akamai Technologies...

iWorld Over The Top Services
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/07/20/alt.jpg?itok=c5gETssx
Reliance Industries buys Balaji Telefilms stake for Rs 4.13 bn

The Board of Directors of Balaji Telefilms Limited, in its meeting held on Thursday, considered and approved an investment by Reliance Industries Limited , one of India’s leading corporates, through a preferential issue of 25.2 million equity shares at Rs 164 each, aggregating to Rs 4.13 billion,...

iWorld Over The Top Services
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/07/20/anil.jpg?itok=53OebPp2
Vidooly ranks BloombergQuint as most popular biz news publisher on FB video

Bloomberg|Quint, a business and financial news company, continues its rapid rise as the leading integrated business news platform in the country. In its June report, digital video analytics provider, Vidooly has rated Bloomberg|Quint as the ninth most popular news brand among new-age news...

iWorld Social Media
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/07/19/Ranveer_Singh-Colgate_MAX.jpg?itok=YbhnNFkB
YouTube: Ten ads clock 2.3 mn hrs of watch time in Q2 '17, 180 mn Indians watching monthly

MUMBAI: YouTube released the Q2’17 India Ads Leaderboard, a list of the top ads and promoted videos that Indian audiences consumed during the second quarter of the year. These ten ads clocked an astounding 2.3 million hours of watch time, with mobile devices accounting for 82% of the watch time....

iWorld Social Media

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories