Television

Q3-2014: TV Today PAT up 34.5% on year; Oye! FM operating loss narrows

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BENGALURU: TV Today Network Limited (TVTN), a part of the India Today group, has reported its net profit in the third quarter ended 31 December, 2013 rose 34.5 per cent to Rs 20.65 crore from Rs 15.35 crore a year ago.

The company’s net profit in the third quarter was 60.9 per cent higher than Rs 12.83 crore in the second quarter of 2013-14.

For the nine months ended 31 December, 2013, TV Today Network’s net profit at 45.46 crore was 7.77 times Rs 5.85 crore a year ago. For 2012-13, the company’s net profit was 12.21 crore.

TVTN’s radio broadcasting business under the brand Oye! FM reported that its operating loss for the first nine months of 2013-14 narrowed by 31.1 per cent to Rs 7.24 crore from Rs 10.51 crore a year ago.

For the third quarter, Oye! FM’s operating loss narrowed by 9.5 per cent to Rs 2.9 crore from Rs 3.2 crore a year ago. Its operating loss for the third quarter was, however, higher than the operating loss of Rs 2.02 crore a quarter ago.

For 2012-13, Oye! FM had an operating loss of Rs 13.24 crore.

TVTN’s television broadcasting segment reported a phenomenal 68.4 per cent growth in operating profit to Rs 33.75 crore in the third quarter of 2013-14 from Rs 20.04 crore a year ago.

The television broadcasting segment’s operating profit in the first nine months at Rs 76.2 crore was 3.62 times a year ago’s Rs 21.1 crore. For 2012-12, the television segment reported operating profit of Rs 32.79 crore.

Let us look at the other Q3-2014 figures reported by TVTN

TVTN’s Operating Revenue at Rs 110.94 crore for Q3-2014 was 22.8 per cent higher than the Rs 90.37 crore of the corresponding quarter of last year and 21.3 per cent more than the Rs 91.45 crore in the immediate trailing quarter. For the nine month period ended December 31, 2013, TVTN saw a growth of Operating Revenue by 27.6 per cent to Rs 291.24 crore from Rs 228.22 crore in the corresponding nine month period of last year. For FY 2013, TVTN had Operating Revenue of Rs 312.44 crore.

TVTN’s Total expense for Q3-2014 at Rs 82.23 crore was 9.4 per cent more than the Rs 75.21 crore in Q3-2013 and 11.8 per cent more than the Rs 73.54 crore for Q2-2014. YTD, TVTN’s Total Expense at Rs 227.04 crore was 3.4 per cent more than the Rs 219.66 crore in the corresponding nine month period of FY2013. TVTN’s Total Expense for FY 2013 was Rs 297.55 crore.

TVTN’s Production Cost for Q3-2014 was 16.3 per cent higher at Rs 10.85 crore as compared to the Rs 9.33 crore in Q3-2013 and 34.7 per cent more than the Rs 8.06 croes in the immediate trailing quarter. For the nine month period ended December 31, 2013, TVTN’s Production Cost went up 3.3 per cent to Rs 27.94 crore from Rs 27.06 crore in the corresponding nine month period of last year. For FY 2013, the company’s Production Cost was Rs 37.42 crore.

TVTN spent Rs 25 crore in Q3-2014 towards Advertisement, Distribution and Sales Promotion (Ad Spend) which was 8.8 per cent more than the Rs 22.98 crore in Q3-2013 and 9 per cent more than the Rs 22.93 crore in Q2-2014. YTD, TVTN’s Ad Spend at Rs 67.62 crore was 1.75 per cent more than the Rs 66.46 crore in the corresponding nine month period of FY 2013. For FY 2013, TVTN’s Ad Spend was Rs 89.4 crore.

Television segment had Operating Revenue of Rs 107.05 crore for Q3-2014, which was 21.7 per cent more than the Rs 87.97 crore in Q3-2013 and 22.2 per cent more than the Rs 87.62 crore in the immediate trailing quarter.  YTD, the company’s Television segment saw Operating Revenue grow by 26.9 per cent to Rs 280.57 crore as compared to the Rs 221.06 crore in the corresponding nine month period of FY 2013. For FY 2013, TVTN’s Television segment had Operating Revenue of Rs 302.69 crore.

Oye! FM had Operating Revenue of Rs 4.37 crore in Q3-2014, which was 76.8 per cent more than the Rs 2.47 crore in the corresponding quarter of last fiscal and 7 per cent more than the Rs 4.08 crore in Q2-2014. YTD, Oye! FM reported Operating revenue of Rs 11.46 crore in the current fiscal, which was 56.4 per cent more than the Rs 7.33 crore during the corresponding nine month period of FY 2013. For FY 2013, Oye! FM reported Operating Revenue of Rs 9.98 crore.

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