Raj TV reports flat q-o-q revenue for Q2-2013; 26 per cent lower q-o-q PAT

BENGALURU: Television network Raj Television Network Limited (Raj TV) reported almost flat revenue for Q2-2014 at Rs18.35 crore as compared to the Rs18.29 crore reported for Q1-2014. Y-o-y revenue was however higher by 12.3 per cent (about Rs 2.01 crore higher) than the Rs 16.34 crore for Q2-2013.
Raj TV’s PAT for Q2-2014 at Rs 3.46 crore was about 26 per cent lower than the Rs 4.67 crore for Q1-2014, but 50 per cent higher than the Rs 2.31 crore y-o-y (Q2-2013).

Despite a 23 per cent lower cost of revenues at Rs 5.18 crore for Q2-2014 as compared to the Rs 6.75 crore for Q1-2014 and lower by almost a third (32 per cent) cost of revenue for Q2-2013 at Rs 7.58 crore, higher employee benefits, higher depreciation and amortisation expense and elevated administrative expenses have increased the total expense by about two per cent to Rs 13.09 crore as compared to the Rs 12.85 crore for Q1-2013. Raj TV’s total expense at Rs 13.55 crore for Q2-2013 was higher by 3.3 per cent as compared to Q2-2014.

Administrative cost at Rs 3.06 crore for Q2-2014 was a whopping 13.5 per cent more than the Rs 2.69 crore for Q1-2014 and almost 26 per cent more than the Rs 2.43 crore for Q2-2013.

Further, the network paid almost 17 per cent higher finance cost at Rs 97.15 lakh (Rs 0.9715 crore) as compared to the Rs 83.34 lakh (Rs 0.8334 crore) for Q1-2014 and almost 28 per cent higher finance cost than the Rs 76.02 lakh (Rs 0.7602 crore) for Q2-2013.

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