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/2017/04/24/udaya%20%281%29.jpg?itok=mVzoSX5L
YuppTV makes live streaming easy with Freedocast

YuppTV has announced the launch of Freedocast Pro Device and Freedocast Live Streaming Platform. Providing end-to-end solutions for users to go live instantly, anywhere anytime, the pro device and live-streaming platform also enables users to broadcast live videos on multiple platforms such as,...

iWorld Video On Demand
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/04/24/vinit%20%281%29_0.jpg?itok=YnGKy7gO
ALTBalaji rolls out its windows universal app for XBox & Surface Hub etc

MUMBAI: Balaji Telefilms’s OTT platform ALTBalaji has announced the roll out of its Windows 10 universal application. The app is available in the Windows 10 app store and works seamlessly across PCs, Laptops, Smart Phones, and Surface Tablets running Windows10 OS.

iWorld Over The Top Services
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/04/22/Pierluigi-Gazzolo-and-Tereza-Gonzalez.jpg?itok=XWCIO7-3
Viacom International buys majority stake in Youtube LATAM content producer

Viacom International Media Networks (VIMN) has announced a definitive agreement for the acquisition of a majority interest in Porta dos Fundos. The acquisition will add one of Brazil’s leading short-form comedy content producers and the most influential global YouTube channel, according to the...

iWorld Video On Demand
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/04/22/MukeshAmbani-and-Sunil-Mittal.jpg?itok=ndbD5Qx-
OpenSignal too finds Airtel better than Jio in 4G speed, latter tops in reach

Bharti Airtel is the top performer among the mobile service providers in India in terms of 4G data speed, concluded a report by OpenSignal, a provider of insights into coverage and performance of mobile operators worldwide.

iWorld Telecom
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/04/22/FCC-Ajit-Varadaraj-Pai.jpg?itok=0nAM7c2g
B'band deployment & investment barriers: FCC to develop state and civic govt codes

United States Federal Communications Commission (FCC) chairman Ajit Varadaraj Pai has delivered his ideas at the first meeting of the commission's broadband deployment advisory committee.

iWorld Broadband
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/04/22/Sukhada-Tendulka.jpg?itok=DSkghpwf
Age-appropriate 'safe' content is taken from Nat Geo Kids, Sony & Amar Chitra: Shirsa

MUMBAI: Shirsa, a company specialising in enabling content publishers to engage-new age kids online and offline, has taken care of parental concerns on content and safety over internet and time spent on digital devices. The contents are age-appropriate and are based on user behaviour from renowned...

iWorld eNews
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/04/21/Rishika%20Lulla%20Singh.jpg?itok=GHl8HCyk
Eros Now available with free Amazon Fire TV subs

MUMBAI: Eros Now, one of the fastest growing over-the-top (OTT) Indian entertainment platforms, owned by Eros International Plc has announced a strategic partnership with Amazon in India and their recently launched internet streaming device, Fire TV stick.

iWorld Video On Demand
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/04/21/piracy.jpg?itok=zkx2fQjl
Viacom18, Star India & B4U win case against pirated streaming in US

MUMBAI: A US court has ordered closure of unauthorised digital streaming and distribution by the providers of the Cres TV and Shava STBs in further success for US pay-TV operator Dish. The US District Court for the Eastern District of Virginia recently awarded more than US$25 million in damages in...

iWorld eNews
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/04/21/Dan-Goman_Alex-Nahai.jpg?itok=ZipUsjhJ
420TV VoD to showcase 'wonders of weed,' Cannabis to be $44bn industry

MUMBAI: Recognizing the increasing entrenchment of cannabis in the global zeitgeist, 420 Entertainment Group, comprising OWNZONES Media Network, the upstart global OTT technology/entertainment hybrid company, along with cannabis entrepreneurs Genesis Media and Alex Nahai Enterprises (ANE), will...

iWorld Video On Demand

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories