Television

Incubation costs, one time write-offs, event postponement widen NDTV loss in Q4-2014

http://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2014/05/09/NDTV.jpg?itok=rvngkaZv

BENGALURU: New Delhi Television Limited (NDTV) reported a negative PAT of Rs 31.39core in Q4-2014 as compared to a loss of Rs 10.43 crore in the immediate trailing quarter Q3-2014, and a profit of Rs 27.81 crore in the year ago quarter Q4-2013.

For the year as a whole, the company reported a higher loss of Rs 81.18 crore in FY-2014 as compared to a profit of Rs.1.91 crores in the previous fiscal FY-2013.

(Note: Rs 100 lakh = Rs100,00,000 = Rs 1 crore = Rs 10 million)

The company says in its earnings release that the Q4 numbers for FY-2014 include one-time write-offs amounting to Rs 14 crore. University Cricket Championship, which contributed Rs 33 crore in revenue in Q4 in FY-2013 was also postponed this year.

Further the company informs that this has been an investment year for NDTV with an aim to turn around loss making verticals and incubate new growth businesses. Significant incubation costs for NDTV Prime and NDTV e-tailing venture have contributed to the annual losses. These businesses are now showing robust revenue growth, and are heading for profitability, claims NDTV.

Let us look at the other figures reported by NDTV for Q4-2014 and FY-2014

NDTV reported a 2.62 per cent drop in Income from operations (Op Inc) in Q4-2014 to Rs 124.09 crore from Rs.127.43 crore in Q3-2014 and a drop of 33.48 per cent from Rs 185.56 crore in Q4-2013.

The company reported a 12.66 per cent drop in Op Inc to Rs. 460.10 crore in FY-2014 as compared to Rs.526.81 crore in FY-2013.

Two segments now contribute to NDTV?s revenues - a) Television Media and related operations  (TV) and b) Retail/E-commerce (Retail).

TV revenue in FY-2014 dropped 13.70 per cent to Rs 454.63 crore from Rs.526.81 crore in FY-2013. NDYV?s TV segment?s Q4-2014 Op Inc at Rs 113.61 crore was 13.29 per cent less than the Rs 131.02 crore in the previous quarter Q3-2014 and was 39.10 per cent lower than the Rs 186.56 crore in Q4-2013.

This segment reported a loss of Rs 29.56 crore in Q4-2014 as compared to a positive result of Rs 3.29 crore in Q3-2014 and a positive result of Rs 35.53 crore n Q4-2013. During FY-2014, the TV segment reported a loss of Rs 30.88 crore as compared to a profit of Rs.3.62 crore  in FY-2013.

NDTV?s Retail segment reported an Op Inc of Rs 3.5 crore in Q4-2014 as compared to revenue of Rs 2.31 crore in Q3-2014. In FY-2014, it reported revenue of Rs  6.32 crore. Since the segment commenced operations in FY-2014, the company did not report any numbers for it in FY-2013.

The Retail segment reported a loss of Rs 24.88 crore in FY-2014, while the segment result was NIL in Q4-2014 as compared to a loss of Rs 5.38 crore in Q3-2014.

Marketing, Distribution and Promotional Expenses

The company's  Marketing, Distribution and  Promotional Expenses  show an upward trend in terms of absolute rupee value; in terms of percentage of Op Inc.,  the movement is downwards during the four quarters of FY-2014.

Excerpts of what the company has to say:

The Board of NDTV has mandated the management to explore means of unlocking sum of parts shareholder value, through various methods including restructuring or a private placement in NDTV Convergence and/or other subsidiaries.

It is worth noting that NDTV 24x7 has been PAT positive for the last 5 years, with an average annual profit of Rs. 40 crores. The channel continues to command unrivalled viewership (50 per cent plus) in the English news genre.

NDTV Convergence has registered a CAGR of 54 per cent over the last 6 years and is targeting a significant jump in revenues to touch Rs. 100 crores in the coming year.

NDTV Lifestyle Holdings has a cash balance of more than Rs. 110 crores.

NDTV Worldwide, the consultancy arm of the group, has been profitable for the past 4 years.

And now, there are successful efforts to turn around businesses which have been loss making.NDTV India historically a loss making channel, has clocked recordbreaking revenues in FY 2014 and achieved EBITDA breakeven.

NDTV Profit which had been making average annual losses of Rs. 40 crores for the last 3 years is expected to turn around after its revamp. The revenues of the dual channel with pre-sponsored bands are up 140 per cent in April 2014.

www.indianroots.com ? The e-tailing venture?s revenues are up by 40 per cent on a q-o-q basis. The incubation costs of Rs. 25 crores have been well spent. Talks are on for a private placement at very attractive valuations says the company.

Latest Reads

http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/09/25/toonz.jpg?itok=csDRBnNv
Toonz Media to Recreate the Iconic Indian Comic, Chacha Chaudhary

Forever unforgettable Indian comic book ‘Chacha Chaudhary’ created by the renowned Padma Shri cartoonist Pran Kumar Sharma to be recreated in to an animated series.

Television TV Channels Kids
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/09/25/film.jpg?itok=9KzguhfF
Committed to Saving India’s Cinematic Heritage, Viacom18 partners with Film Heritage Foundation for the 4th Film Preservation & Restoration Workshop India 2018

Celebrating a century of Bengali cinema, Viacom18 and Film Heritage Foundation (FHF) announces the 4th Film Preservation & Restoration Workshop India 2018 (FPRWI) in Kolkata.

Television TV Channels GECs
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/09/25/Kumar.jpg?itok=LgDaGcua
Viacom18's Colors Kannada Cinema aims to break even within 3 years

Viacom18 is making moves in the regional space. Its latest bet was to launch a movie channel for the Kannada market called Colors Kannada Cinema. The conglomerate has a Hindi movie channel called Rishtey Cineplex which broke even in two years. Similarly, the idea is to get the Kannada movie channel...

Television TV Channels Regional
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/09/24/dsport.jpg?itok=zvJEwZX0
DSPORT to broadcast ‘Ryder Cup’ for viewers in India starting 28th Sep, 2018, 11:30 AM onwards

The 42nd edition of the biennial ‘Ryder Cup’ will bring the long lasting existing rivalry between golfers of Europe and USA for the Indian viewers. The prestigious tournament will be telecast live on DSPORT from 28th - 30th September, 2018 from 11:30 am onwards for the first two days while the...

Television TV Channels Sports
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/09/24/soarav.jpg?itok=-kknsSs9
Football er daak shune Bangali ashbena? Etao ki hote paare? Cholo, Shonge cholo! Banglar jeet hok! Says Sourav Ganguly in Star Sports’ new TVC for Season 5 of the Hero Indian Super League

KOLKATA: Hero Indian Super League – India’s premier football league, kicks off in a week’s time on September 29, 2018, with two-time champions ATK hosting Kerala Blasters. The season is full of optimism for ATK and its fans as the 2014 & 2016 champions are sporting a new look this year with...

Television TV Channels Sports
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/09/24/ok.jpg?itok=YYf_ABNV
Leap into the future and befriend the greatest superheroes as Cartoon Network premieres OK K.O.! Let’s Be Heroes

A deadly swagger, a flamboyant persona and a long cape that makes you drool – is this the perfect recipe for a hero? Not anymore! Meet K.O. – a young and ambitious boy on a mission to become the world’s greatest hero! Taking on the might of a nefarious villain, K.O. is proof that all you need is...

Television TV Channels Kids
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/09/24/Nicktoons.jpg?itok=3KjTvx8n
Nicktoons Motu-Patlu and Shiva join hands with CMCA’s 700 students for a Chakachak Mumbai

The network with a humane purpose, Viacom18, along with 700 student volunteers associated with the Children’s Movement for Civic Awareness (CMCA) today supported the city civic authorities by organizing a clean-up drive across major beach promenades in the city.

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/09/24/sky.jpg?itok=Cv6PmVnx
Comcast outbids 21st CF in Sky deal with $40 bn offer

US cable giant Comcast made a winning bid against 21st Century Fox and the Walt Disney Co for European pay-TV operator Sky by offering nearly $40 billion. The rare three round auction was managed by UK's Takeover Panel.  

Television TV Channels English Entertainment
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/09/24/dnpa.jpg?itok=zISgvoTn
Comment: DNPA formation raises key questions & upsets independent publishers

“When it comes to rain making, not all followers are equally valuable. Some people have a lot more influence than others,” said Areva Martin, author and autism expert, in `Make It Rain!: How to Use the Media to Revolutionize Your Business & Brand’.

Television TV Channels News Broadcasting

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories