Q1-2016: Pressman Advertising revenue up 67.8%

BENGALURU: Pressman Advertising Limited (Pressman) reported 67.8 per cent growth in revenue for the quarter ended 30 June, 2015 (Q1-2016) at Rs 14.72 crore as compared to Rs 8.77 crore in Q1-2015 and a 31.4 per cent growth as compared to Rs 11.21 crore in Q4-2015.

Note: 100,00,000 = 100 lakh =10 million = 1 crore

The company?s profit after tax (PAT) in the current quarter increased 7.7 per cent to Rs 1.34 crore (9.1 per cent of TIO) in Q1-2016 as compared to the Rs 1.25 crore (14.2 per cent of TIO) in Q1-2015. Pressman had reported a loss of Rs 0.11 crore in the immediate trailing quarter.

Pressman?s simple EBIDTA excluding other income in Q1-2016 was more than double (2.6 times more) at Rs 1.934 crore (13.1 per cent of TIO) as compared to the Rs 0.745 crore (8.5 per cent of TIO) in the corresponding year ago quarter and was 50.4 per cent more than the Rs 1.3 crore (11.5 per cent of TIO) in the immediate trailing quarter.

Total Expenses (TE) in Q1-2016 increased 58.9 per cent to Rs 12.80 crore (87 per cent of TIO) as compared to the Rs 8.06 crore (91.8 per cent of TIO) in Q1-2015 and was 28.8 per cent more than the Rs 9.94 crore (88.7 per cent of TIO) in Q4-2015.

Cost of services (COS) is a major expense head in TE declared by the company in its results filed at the bourses. COS in Q1-2016 at Rs 11.73 crore (79.7 per cent of TIO) was 71.3 per cent more than the Rs 6.85 crore (78 per cent of TIO) in Q1-2015 and was 32.6 per cent more than the Rs 8.84 crore (78.9 per cent of TIO) in Q4-2015.

Employee benefit expense in Q1-2015 at Rs 0.55 lakh was 13.4 per cent lower than the Rs 0.63 crore in Q1-2015 but was almost flat (0.3 per cent higher) than the Rs 0.548 crore in Q4-2015.

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