DQ Entertainment revenue up, reports profits in FY-16

BENGALURU: The Tapas Chakravarti led DQ Entertainment (International) Limited (DQEIL) reported 8 percent growth in total income from operations (TIO) for the fiscal ended 31 March, 2016 (FY-16, current year) as compared to the previous year. The company has reported Profit after tax (PAT) of Rs 29.94 crore (14.2 percent PAT margin of TIO) in FY-16 as compared to a loss of Rs 19.71 crore in FY-15. The company reported TIO of Rs 210.39 crore in the current year as compared to Rs 194.80 crore in the previous year.

Note: The unit of currency in this report is the Indian rupee - Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:

(a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.

(b) 10,000 lakh = 100 crore = 1 arab = 1 billion.

Segment Performance

The company?s Animation segment reported an operating profit of Rs 72.94 crore in FY-16 from operating revenue of Rs 164.29 crore as compared to the operating profit of Rs 70.27 crore from operating revenue of Rs 142.34 crore in FY-15.

The company?s distribution segment reported an operating loss of Rs 13.57 crore on operating revenue of Rs 46.11 crore in FY-116 as compared to an operating profit of Rs 13.67 crore on operating revenue of Rs 52.46 crore in FY-15.

Let us look at the other numbers reported by DQEIL

Total Expenditure in FY-16 increased 25.3 percent to Rs 164.50 crore (78.2 percent of TIO) from Rs 131.31 crore (84. percent of TIO) in the previous year.

The company?s finance expense in FY-16 increased 38.3 percent at Rs 59.09 crore (28.1 percent of TIO) as compared to the Rs 42.73 crore (21.9 percent of TIO) in FY-15.

DQEIL Production expense (PE) in FY-16 reduced 48.9 percent to Rs 11.06 crore (5.3 percent of TIO) from Rs 21.63 crore (11.1 percent of TIO) in the previous year.

The company?s Employee Expense (EBE) in FY-16 at Rs 54.13 crore (25.97 percent of TIO) reduced 15 percent from Rs 63.71 crore (32.7 percent of TIO) in FY-15.

Company speak

The company in its earnings release says, ?Our drive is to improve the collections from customers even if it leads to short term reduction of revenue. We see that with the market improving worldwide we will be able to meet the dual objective of reducing debtors while securing good orders from the customers. We have a strong visibility of orders for production for the next 18-24 months.?

?In order to map our specialized offerings better with the market opportunities, we have streamlined our business divisions into Animation including VFX and Licensing and Distribution including digital media. 

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