Television

Q2-2015: TV18 reports improvement over y-o-y and q-o-q results

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/tv-images/2014/10/13/TV_18_logo.jpg?itok=sHXRDeU7

BENGALURU: TV18 Broadcast Limited (TV18) posted a 4.9 per cent q-o-q growth in Total Income from Operations (TIO)  for Q2-2015 at Rs 553.68 crore versus Rs 527.74 crore in Q1-2015 and 14.6 per cent more than the Rs 483.17 crore in Q2-2014. The company’s HY-2015 TIO at Rs 1081.49 crore was 23 per cent more than the Rs 879.36 crore in HY-2014.

TV18 reported PAT at Rs 43.22 crore (7.8 per cent of TIO) as compared to a loss of Rs 154.54 crore (refer additional notes below) in the immediate trailing quarter Q1-2015 and 4.3 times the Rs 10.12 crore (2.1 per cent of TIO) in the year ago quarter Q2-2014. The company reported a loss of Rs 111.32 crore(refer additional notes below)  in HY-2015 versus PAT of Rs 16.05 crore in HY-2014.

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

 Let us look at the other Q2-2015 and HY-2015 figures reported by TV18

TV18 reported total expenditure (TE) of Rs 508 crore (91.8 per cent of TIO) in Q2-2015, which was 0.3 per cent lower than the Rs 509.54 crore (96.6 per cent of TIO) in Q1-2015 and 11.4 per cent more than the Rs 455.89 crore (94.4 per cent of TIO) in Q2-2014. For HY-2015, the company’s TE at Rs 1017.53 crore (94.1 per cent of TIO) was 21.2 per cent more than the Rs 839.30 crore (95.4 per cent of TIO) in HY-2014. Please refer to the figure below for TV18’s TIO, TE and PAT across five quarters starting Q2-2014 until Q2-2015.

Programming cost at Rs 170.89 crore (30.9 per cent of TIO) was 3.1 per cent more than the Rs 165.71 crore (31.4 per cent of TIO) in Q1-2015 and was 38.1 per cent more than the Rs 123.77 crore (25.6 per cent of TIO) in Q2-2014. For HY-2015, programming cost at Rs 336.6 crore (31.1 per cent of TIO) was a massive 56.7 per cent more than the Rs 210.78 crore in HY-2014.

TV18 has reduced marketing distribution and promotional expenses (marketing expense) in this fiscal. Though its spends on this head in Q2-2015 at Rs 117.32 crore (21.2 per cent of TIO) was 14.8 per cent more than the Rs 102.17 crore (19.4 per cent of TIO) in Q1-2015, it was 29.3 per cent lower than the Rs 166.01 crore (34.4 per cent of TIO) in Q2-2014. Marketing expense in HY -2015 at Rs 219.5 crore (20.3 per cent of TIO) was 28.3 per cent less than the Rs 306.17 crore (34.8 per cent of TIO) in HY-2014.

Other expense at Rs 115.01 crore (20.8 per cent of TIO) in Q2-2015 was 6.3 per cent more than the Rs 108.21 crore (20.5 per cent of TIO) in Q1-2015 and 34.6 per cent more than the Rs 85.47 crore (17.7 per cent of TIO) in Q2-2014. Other expense in HY-2015 at Rs 223.21 crore (20.6 per cent of TIO) was 38.6 per cent more than the Rs 161.1 crore (18.3 per cent of TIO) in HY-2014.

Finance cost in Q2-2014 at Rs 11.89 crore (2.2 per cent of TIO) was 20.3 per cent lower than the Rs 14.92 crore (2.8 per cent of TIO) and 22.3 per cent less than the Rs 15.31 crore (3.2 per cent of TIO) in Q2-2014. Finance cost in HY-2015 at Rs 26.81 crore (2.5 per cent of TIO) was 11.4 per cent lower than the Rs 30.27 crore (3.4 per cent of TIO) in HY-2014.

Segment Revenue

TV18 consolidated revenue comes from two streams – (a) Media Operations (Media) and (b) Film production and distribution (film). Media reported operating income (Op Inc) of Rs 533.83 crore in Q2-2015, which was 4 per cent more than the Rs 513.42 crore in Q1-2015 and was 24.4 per cent more than the Rs 429.07 crore in Q2-2014. Media reported Op Inc of Rs 1047.25 crore in HY-2015, which was 28.9 per cent more than the Rs 812.46 crore in HY-2014. This segment reported operating profit of Rs 50.46 crore in Q2-2015, which was almost triple (2.6 times) the Rs 19.36 crore in Q1-2015 and was 85.1 per cent more than the Rs 27.26 crore in Q2-2014. For HY-2015, Media reported operating profit of Rs 60.83 crore which was 41.1 per cent more than the Rs 49.49 crore in HY-2014.

Film segment reported Op Inc of Rs 19.85 crore in Q2-2015, which was 38.7 per cent more than the Rs 14.32 crore in Q1-2015, but less than a third of the Rs 62.05 crore in Q2-2014. Op Inc from this segment fell to less than half (42.3 per cent) to Rs 34.17 crore in HY-2015 from Rs 80.85 crore in HY-2014. This segment reported loss of Rs 4.38 crore in Q2-2015, loss of Rs 0.95 crore in Q1-2015, operating profit of Rs 3.13 crore in Q2-2014, and a loss of Rs 5.33 crore in both HY-2015 and HY-2014.

Additional Notes:  (1) Pursuant to the enactment of the Companies Act, 2013 (the Act), the Group has, effective from 1 April 2014, reassessed the useful life of its fixed assets and has computed depreciation as provided in Schedule II to the Act. Consequently depreciation for the quarter and half year ended 30 September, 2014 is lower by Rs 13.40 lakhs and higher by Rs 716.30 lakhs respectively and the net profit is higher by Rs 13.40 lakhs and lower by Rs 716.30 lakhs respectively. Further, based on the transitional provision provided in Schedule II, an amount of Rs 744.15 lakhs has been adjusted with the opening reserves during the half year ended 30 September, 2014.

(2) During the quarter ended 30 June, 2014, based on a review of the current and non-current assets, the Group has accounted for (a) obsolescence/impairment in the value of certain tangible and intangible assets to the extent of Rs 122.27 crores and (b) write-off and provisions of non-recoverable and doubtful loans/advances /receivables to the extent of Rs 87.70 crores and the same has been disclosed as Exceptional Items in the consolidated accounts. Further, Exceptional Items also includes Rs 13.31crores towards severance pay and consultancy charge.

(3) Equator Trading Enterprises Private Limited ("Equator") including its subsidiaries Panorama Television Private Limited and Prism TV Private Limited had become wholly owned subsidiary of the Company with effect from 22 January, 2014. Hence, the consolidated results of the current period include the results of these subsidiary companies. Eenadu Television Private Limited had also become an associate with effect from 22 January 2014 and its results have been accounted as “Associate” under accounting standard 23 on Accounting for Investments in Associates in Consolidated Financial Statements. To this extent, the results of this period are not comparable with the corresponding previous period.

Click here for the financial statement

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/05/25/republic.jpg?itok=o0PjOXHF
HC rejects TV Today plea against publishing Republic TV's ratings

The high court on Thursday evening rejected TV Today's plea against Republic TV, channel sources told indiantelevision.com.

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/05/25/Guest-Coloum-Story.jpg?itok=a9rnMijr
GUEST COLUMN: Is The Current News Dumbing Us Down?

“Sonu Nigam Quits Twitter!!”flashed on my TV screen today morning. We obviously thought this was worthy of coverage at a national level, because the ‘breaking news’ kept playing in loop for a considerable period of time. 

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/05/25/Republic-02-Story.jpg?itok=O83ztOyx
Republic TV continues to lead English News genre in week after debut

Republic TV claims to have cornered a viewership of 49 per cent for week 20 of 2017 (Saturday 13 May 2017 to Friday 19 May 2017) on its channel.

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/05/25/Vinit%20Thakkar.jpg?itok=aeaZjw86
Universal Music India promotes Vinit Thakkar as SVP

MUMBAI: Universal Music India has announced that Vinit Thakkar has been promoted to senior vice president, Universal Music India. Universal Music India is part of Universal Music Group, the world leader in music-based entertainment.

Television TV Channels People
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/05/25/Poorna.jpg?itok=L8uHcmrS
Tata Elxsi VFX creates Mt. Everest's vastness for Bose’s 'Poorna'

MUMBAI: Tata Elxsi, a leading design company, has collaborated with filmmaker Rahul Bose, to provide world-class VFX for Poorna - a biographical adventure film based on Poorna Malavath, the youngest girl to climb Mount Everest at the age of 13 years 11 months.

Television Production House Post Production
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/05/25/Kannada%20TV.jpg?itok=s70TMaR4
Colors launches finite series on Kannada TV, love triangle blossomed on Bigg Boss

MUMBAI: Television experience in India is evolving at an exponential pace, so is the need for revolution in the offerings by entertainment providers. With the increasing appreciation of finite series on Indian television, viewers’ have developed an affinity towards the format, leading to a...

Television TV Channels GECs
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/05/25/indian%20football%20team.jpg?itok=WBBEFfZa
Star Sports to air Nat f'ball till Mar '18, Hotstar to live-stream international fixtures

MUMBAI: Star Sports is now prepared to telecast India team's games starting with a friendly match against Nepal on 6 June. All India Football Federation (AIFF) and Football Sports Development Limited (FSDL), its marketing partners, have shared the national football team’s yearly fixtures. The...

Television TV Channels Sports
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/05/24/np.jpg?itok=R_GCbjai
SPN India to feature in SPE growth in 2018

Sony Corp (Sony) had an investors’ day on 23 May 2017 pertaining to the results for its financial year ended 31 March 2017 (FY-17). It its investor presentation, the company has forecast 12.7 percent growth in revenue of its Sony Pictures Entertainment (SPE) group to $9,346 million for fiscal 2018...

Television TV Channels GECs
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/05/24/Republic-02-Story.jpg?itok=gEHc2QVe
Republic TV insists it's FTA, DTH platforms to charge subscribers for viewing?

Republic TV continues to make news even as it reports views and news. Touted as the country’s truly free-to-air (FTA) news channel, however, what is surprising is that some DTH platforms have put a price on the channel and started charging subscribers accordingly a little over a fortnight after...

Television TV Channels News Broadcasting

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories