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/2017/11/21/discovery.jpg?itok=1Yn6OGCG
Discovery uncovers true stories of reality-based movies

Discovery Channel is launching a new series Real story of… which will premiere on 26 November and will air every Sunday at 10 pm. The series uncovers true stories behind some of the Oscar-nominated movies of recent years to separate fact from fiction.

Television TV Channels English Entertainment
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/11/21/trolls_0.jpg?itok=1LRXaRxI
Star Movies brings Trolls to Indian Television Screens for the first time ever!

Staying true to the promise of being the destination for Hollywood Blockbusters, Star Movies brings to the Indian Television audiences, a fan favourite film Trolls. Directed byMike Mitchell and Walt Dohrn, Trolls stars the likes of Justin Timberlake, Anna Kendrick, Zooey Deschanel, Kunal Nayyar...

Television TV Channels Movie Channels
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/11/21/KVL_Narayan_Rao.jpg?itok=prpf8_-w
Obit: In memory of KVL Narayan Rao

NDTV CEO KVL Narayan Rao had been battling cancer grittily for at least a couple of years. And, at times, it looked like he was on the verge of conquering it, of getting the life-threatening ailment out of his system. But this morning his body, which had been ravaged and weakened by various...

Television TV Channels People
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/11/21/rep.jpg?itok=7fR5acpM
The rise and fall of English news’ TV viewership

NEW DELHI: Tongues have been wagging in the industry that the English news genre viewership levels and ratings have not only been yo-yoing but also declining. From a high of an average weekly viewership of 3788 (‘000) impressions in the Broadcast Audience Research Council (BARC) data from week 27-...

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/11/20/ira.jpg?itok=S8B6YYvd
PIB’s Ira Joshi new DG of Doordarshan News

Doordarshan News has appointed senior Indian Information Service officer Ira Joshi as director general (DG).

Television TV Channels Terrestrial
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/11/20/gangster_0.jpg?itok=gZdZccoA
Chill like a gangster every weekend

MUMBAI: Gangsters. They’re an evil, uncouth, unlawful lot, causing a real menace to the society. That, usually, is our outlook towards gangsters and in most parts is true. What we don’t focus on though, is the backstory that pushed them into becoming the way they are. What made Gangsters… ‘...

Television TV Channels English Entertainment
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/11/21/Sudhanshu_Vats800.jpg?itok=XYfmsuG8
Our work culture fosters leaders: Viacom18's Sudhanshu Vats

Over the last decade, Viacom18 has broken new ground in myriad ways. The company has grown to 44 channels and five lines of business from a three-channel operation back in November 2007.

Television TV Channels People
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/11/20/narayan-rao.jpg?itok=Hbha1DLD
NDTV’s KVL Narayan Rao passes away

NDTV group CEO and executive vice chairperson KVL Narayan Rao passed away at 8am today. Suffering from cancer, he was 63 years old.

Television TV Channels People
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/11/20/Mukesh-Ambani.jpg?itok=xCMQWa5B
Viacom18 celebrations: Mukesh Ambani sets the roadmap for next 10 years

MUMBAI: Indian television channel owners better watch out. Mukesh Ambani is riding into town and he means business. He sounded his intent at Viacom18’s tenth anniversary celebrations which, were held over the weekend in Mumbai’s NSCI Dome. He came in for a bit post 9 pm. And he was there for a few...

Television TV Channels GECs

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories