Q3-2016; Advertising drives 9% YOY revenue growth at HT Media; radio revenue up 25%

BENGALURU: HT Media Limited (HT Media) reported seven per cent YoY growth in total income from operations (TIO) for the quarter ended 31 December, 2015 (Q3-2015, Q3-15, current quarter) at Rs 681.12 crore as compared to Rs 605.50 crore and a 13.2 per cent QoQ growth as compared to Rs 601.55 crore.


The TIO growth was driven primarily by a 9.2 per cent YoY and 14.4 per cent growth in advertising revenues.


HT Media's radio segment (Fever 104 FM) reported a 25 per cent YoY increase in operating revenue to Rs 32.26 crore (4.7 per cent of TIO) as compared to Rs 28.81 crore (4.3 per cent of TIO) and grew 10 per cent QoQ as compared to Rs 29.34 crore (4.9 per cent of TIO).


Note: (1) 100,00,000 = 100 Lakhs = 10 million = 1 crore

(2) The figures mentioned in this report are consolidated figures unless stated otherwise.


The company's profit after tax (PAT) in Q3-2016 increased 12.4 per cent YoY to Rs 80.88 crore (11.9 per cent margin) as compared to Rs 63.97 crore (10.6 per cent margin) and was more than double (2.22 times) QoQ as compared to Rs 36.42 crore (6.1 per cent margin).


Advertising and Circulation revenue


HT Media says that Advertising Revenue grew by 9.2 per cent YoY in Qe-2016 to Rs 542.5 crore (76.6 per cent of TIO) as compared to Rs 496.7 crore (76.4 per cent of TIO) and increased 14.4 per cent QoQ as compared to Rs 475.2 crore (78.8 per cent of TIO).


Circulation revenue in the current quarter increased 4.8 per cent to Rs 76.9 crore (10.9 per cent of TIO) as compared to Rs 75.4 crore (15.9 per cent of TIO) and grew 2.1 per cent QoQ as compared to Rs 75.4 crore (12.5 per cent of TIO).


Let us see how the segments performed


Three segments contribute to HT Media's numbers - (1) Printing and publishing of newspapers and periodicals (Publishing) (2) Radio and (3) Digital.


HT Media's publishing segment reported 9.8 per cent YoY growth in revenue at Rs 607.29 crore (89.2 per cent of TIO) as compared to Rs 553.20 crore (91.4 per cent of TIO) and grew 12.9 per cent QoQ as compared to Rs 538.08 crore (89.4 per cent of TIO).


The publishing segment reported 41.2 per cent higher YoY operating profit of Rs 110.82 crore as compared to Rs 78.49 crore and was 41 per cent more QoQ as compared to Rs 65.36 crore.


HT Media has four FM radio stations – Fever 104 in Delhi, Mumbai, Bengaluru and Kolkata.


Radio segment revenue numbers have been mentioned above. HT Media's radio segment reported 21 per cent decline in operating profit at Rs 7.46 crore as compared to Rs 9.44 crore, but was 94.3 per cent more QoQ than of Rs 3.84 crore.


The company's digital segment reported 43.4 per cent YoY growth in revenue to Rs 38.21 crore (5.6 per cent of TIO) as compared to Rs 26.65 crore (4.4 per cent of TIO) and was 12.7 per cent higher QoQ as compared to Rs 33.91 crore (5.6 per cent of TIO).


Digital segment reported lower YoY loss of Rs 11.07 crore as compared to Rs 1442 crore, and lower QoQ loss as compared to Rs 18.35 crore.


The company reported unallocated losses of Rs 13.31 crore in Q3-2016; of Rs 12.13 crore in Q3-2015 and of Rs 15.40 crore in Q2-2016.


Company Speak


HT Media chairperson and editorial director Shobana Bhartia said, "We are happy to report a strong quarter of growth across all our core businesses on the back of an increase in advertising spends during the festive season. Growth in revenue and our continuing focus on costs have resulted in higher profitability. Our Hindi business continues to grow profitably; HT Mumbai & HT Delhi businesses saw year-on-year revenue growth; we successfully re-launched the Chennai radio station; and our digital businesses have reduced losses even as they have grown revenues. With momentum on our side, we expect to close the financial year on a strong note. The company is well positioned to seize any opportunity that comes its way."

Latest Reads
Maha Cartoon targets 65 per cent rural HSM via DD FreeDish, 2000 LCOs

Who can forget the Charlie Chaplin show which entertained the world audience of all ages. Maha Cartoon, the first free-to-air (FTA) Hindi cartoon channel targeted at the Hindi-speaking markets (HSM), will be launched on India's largest DTH platform DD FreeDish on 1 November. The new Maha Cartoon...

Television TV Channels Kids
Vikram Chandra quits NDTV; KVL Narayan Rao elevated as group CEO

The rumours that were making rounds of Vikram Chandra quitting NDTV have now been put to rest.

Television TV Channels People
Naagin helps Colors capture top position this week: BARC

Backed by Naagin Season 2, Colors was almost close to Star Plus to get the number one position, but, this week, Colors went few steps ahead and grabbed the leadership position and replaced Star Plus in week 42. Even in Urban GECs market, Colors toppled Star and took over the number one position.

Television TV Channels Viewership
SPN India to broadcast Barclays ATP World Tour finals

Sony Pictures Networks India (SPN) will exclusively broadcast the upcoming ATP events in the month of November. The ATP 1000 Paris Masters will be aired live on Sony ESPN channels and will be streamed live on SonyLIV app and website. The ATP 1000 Paris Masters in Paris will begin on 31 October.

Television TV Channels Sports
Hunt for Zee Business head continues

MUMBAI: Zee Business, an arm of Zee Media Corporation, has seen several transitions in its management this year. The channel was initially headed by Amish Devgan, who decided to move away after serving for 14 years. It was then led by Zee Media Corporation’s then CEO for content Samir Ahluwalia,who...

Television TV Channels People
'King' content will take over monopolistic media entities, says Arnab Goswami

NEW DELHI: The future of news lies in breaking away from the interdependence of politicians and the media on each other.

Television TV Channels News Broadcasting
Animated 'Ramayana' a global Diwali gift on web, mobile

NEW DELHI: Thirty episodes of the animated series Ramayana will be available around the world on the nexGTv web and mobile platforms during Diwali.

Television TV Shows Animation
Sports Minister lauds b'casters, other stakeholders in promoting sports

NEW DELHI: India’s Sports Minister Vijay Goel said on Wednesday that digital media broadcasting will play a critical role in bringing about change in sports broadcasting in India but broadcasters must also focus on how sports as a product is delivered to audiences in rural areas so as to popularise...

Television TV Channels Sports
Know your karma on IBN7 with 'Karm Path'

In an attempt to give its viewers a refreshing start of the day, IBN7 is launching a new show titled Karm Path. Starting 27 October, the show will predict what the day holds. The show is a differentiator in its own genre as it connotes the supremacy of deeds over destiny.

Television TV Channels News Broadcasting

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories