Television

FY-2015: DQ Entertainment reports consolidated loss of Rs 20 crore on lower revenue

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/tv-images/2015/05/28/Untitled-9.gif?itok=rJ0vmZgr

BENGALURU: The Tapas Chakravarti led DQ Entertainment (International) Limited (DQEIL) reported consolidated loss in FY-2015 at Rs 19.71 crore as compared to a profit after tax (PAT) of Rs 43.77 crore in the previous fiscal due to lower consolidated net income from operations (TIO), higher unallocated operating loss and higher finance expenses. 

The company reported consolidated loss of Rs 26.33 crore in Q4-2015 as compared to a PAT of Rs 14.66 crore in the corresponding year ago quarter and a PAT of Rs 4.24 crore in the immediate trailing quarter. However, on a standalone basis, the company has reported 19.7 per cent lower PAT at Rs 15.5 crore in the current year as compared to the Rs 19.3 crore in FY-2014.

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

(2) All numbers are consolidated unless stated otherwise.

DQEIL reported an 18.7 per cent drop in TIO in FY-2015 to Rs 194.80 crore as compared to the Rs 239.68 crore in FY-2015. TIO in Q4-2015 at Rs 75.81 crore was 25.6 per cent lower than the Rs 101.83 crore in Q4-2014, but 65.8 per cent more than the Rs 45.71 crore in Q3-2015.

The company attributes the change in TIO to change in its business model in the case of production and development of its own IP. Previously the company was producing IP through a special purpose vehicle and recognizing production value, but since FY-2014-15, the company decided to directly produce and capitalize its own IP and will only recognize the distribution revenue on completion of projects and delivery to the broadcasters. 

Further, slowdown in production and delay in the start of new projects on account of difficult market conditions have also affected production in the current year.

The company incurred a higher unallocated operating loss in FY-2015 at Rs 54.32 crore as compared to the loss of Rs 38.01 crore in FY-2014. Unallocated loss in Q4-2015 at Rs 26.39 crore was lower than the operating loss of Rs 37.14 crore in Q4-2014, but was higher than the unallocated operating loss of Rs 14.24 crore in Q3-2015.

The company’s finance expenses in FY-2015 increased 69.8 per cent to Rs 42.73 crore as compared to the Rs 25.17 crore in FY-2014. Finance expense in Q4-2015 at Rs 16.78 crore was more than double (2.52 times) the Rs 6.66 crore in Q4-2014 and 54 per cent more than the Rs 10.90 crore in Q3-2015.

Segments

While both segments' (Animation and Distribution that contribute to the company’s numbers reported operating profits, except Q4-2015 in which Distribution incurred operating loss), unallocated operating losses and higher finance charges ate into the profits during the year as well as during the current quarter.

Animation

Animation segment reported 24 per cent lower revenue at Rs 142.34 crore in FY-2015 as compared to the Rs 187.34 crore in FY-2014. Revenue from this segment in Q4-2015 fell 13 per cent to Rs 69.87 crore as compared to the Rs 80.32 crore in Q4-2014, but was 3.1 times the Rs 22.61 crore in Q3-2015. 

Animation segment reported 36.8 per cent lower operating profit at Rs 70.27 crore as compared to the Rs 111.11 crore in FY-2014. Operating profit in Q4-2015 at Rs 33.88 crore was 34.6 per cent lower than the Rs 51.77 crore in Q4-2014, but 70 per cent more than the Rs 19.93 crore in Q3-2015.

Distribution

Distribution segment reported 0.2 per cent increase in revenue to Rs 52.46 crore in FY-2015 as compared to the Rs 52.34 crore in the previous year. Distribution revenue in Q4-2014 at Rs 5.94 crore was 72.4 per cent less (less than a third) than the Rs 21.51 crore in Q4-2014 and was 74.3 per cent lower than the Rs 23.1 crore in the preceding quarter.

Distribution segment reported 10.8 per cent drop in operating profit in FY-2015 at Rs 13.67 crore as compared to the Rs 15.32 crore in FY-2014. In Q4-2015, the segment incurred operating loss of Rs 12.53 crore as compared to the operating profit of Rs 1.25 crore in Q4-2014 and operating profit of Rs 15.37 crore in Q3-2015.

Let us look at the other numbers reported by DQEIL:

Total Expenses (TE) in FY-2015 at Rs 166.45 crore (85.4 per cent of TIO) was 2.8 per cent lower than the Rs 171.16 crore (72.4 per cent of TIO) in FY-2014. TE in Q4-2015 at Rs 85.30 crore (112.5 per cent of TIO) was 1.1 per cent lower than the Rs 86.27 crore (84.7 per cent of TIO) in Q4-2014 and almost tripled (2.98 times) as compared to the Rs 18.9 crore (62.1 percent of TIO) in Q3-2015.

DQEIL Production expense (PE) in FY-2015 increased 10.8 per cent to Rs 21.63 crore (11.1 per cent of TIO) as compared to the Rs 19.52 crore (8.1 per cent of TIO) in FY-2014. PE in Q4-2015 at Rs 16.75 crore (22.1 per cent of TIO) was 6.7 per cent more than the Rs 15.69 crore in Q4-2015 and almost eighteen-fold (17.61 times) the Rs 0.95 crore in Q3-2015.

The company’s Employee Expenses (EBE) in FY-2015 at Rs 63.71 crore (32.7 per cent of TIO) was 11.5 per cent lower than the Rs 71.96 crore (30 per cent of TIO) in FY-2014. EBE in Q4-2015 at Rs 13.59 crore (17.9 per cent of TIO) was 1.8 per cent more than the Rs 13.35 crore in Q4-2015, but 25.1 per cent lower than the Rs 18.15 crore in Q3-2015.

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/12/03/Pankaj-Sourav_0.jpg?itok=-MGetI3Q
World Billiards Championship to be telecast live on digital media

MUMBAI: Sports app Sports Flashes has tied up with Billiards & Snooker Federation of India (BSFI) to telecast the IBSF World Billiards Championship live. The championship will be taking place in Bengaluru from December 5 to 12. The eight-day championship that includes the Points format and the...

Television TV Channels Sports
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/12/02/star-plus-800x800.jpg?itok=skBw-Vyj
Star Plus leads in traditional entertainment media brand category: Study

In an industry study conducted by Vidooly, it is observed that Facebook could be a great platform for aspiring video creators in the country. They can then incorporate it in their overall content strategy and try to leverage other platforms like YouTube, Twitter and Instagram.

Television TV Channels GECs
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/12/02/discovery-800x800.jpg?itok=0Nm7MzL-
Discovery to air 'River Monsters' throughout December

Freshwater detective, biologist and extreme angler Jeremy Wade has spent three decades traveling the world’s waterways in search of man-eaters that lurk beneath the surface of rivers and lakes in some of the most inhospitable locations in the world.

Television TV Channels Factual & Documentary
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/12/02/tv-today-800x800.jpg?itok=S95bd2jx
Q2-17: TV Today Network topline up

BENGALURU: TV Today Network Limited (TVTN) reported 5.1 per cent increase in standalone revenue (TIO) for the quarter ended 30 September 2016 (Q2-17, current quarter) as compared to the corresponding quarter of the previous year (Q2-16). Standalone profit after tax (PAT) however declined 4.1 per...

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/12/02/monisha-800x800.jpg?itok=Z2ntYoIO
Discovery appoints FremantleMedia's Monisha Jaising Vaid

Discovery Networks is on a hiring spree. In its endeavour to accelerate growth and embrace opportunities beyond linear, Discovery Networks Asia-Pacific has now appointed Monisha Jaising Vaid as the director of original content for real world products. She joins from FremantleMedia India TV...

Television TV Channels People
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/12/02/fremental-800x8000.jpg?itok=KYe2Um-i
Wentworth: Fremantlemedia International, Sky Deutschland tie up

FremantleMedia International (FMI) has announced it had secured a deal with German-speaking PayTV platform, Sky Deutschland, for the award-winning and critically-acclaimed prison drama, Wentworth.

Television TV Channels English Entertainment
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/12/02/Amirzada-cast.jpg?itok=AdSC4XPM
Amirzada Nawab Khan's story to be telecast on Zee Yuva

MUMBAI: Maharashtra Police, one of the potent police forces in India, has come a long way from the decade of 80s when it lacked training & high-end precision weapons which is the norm of late. That decade was marked with the rise in crime and police’s main weapon were their networking skills...

Television TV Channels GECs
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/12/02/BB10.jpg?itok=HeTvyaI5
Colors leads Hindi, urban GEC; Sony Pal retains position

MUMBAI:Colors continues to lead the Hindi GEC and Urban GEC markets in week 47. In Hindi GEC rural market, Sony Pal emerged as the number one channel while Zee Anmol bagged the second position, according to Broadcast Audience Research Council (BARC).

Television TV Channels GECs
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/12/01/axn-800x800.jpg?itok=9WZlHTlX
AXN to air s1-6 of 'Californication'

Novelists are nerds, some say so but there was this one who broke all the stereotypes unabashedly. He was stylish, charming and could flatter almost anyone with his good looks and wit. Does it ring a bell? Yes, we are talking about the much loved TV character, Hank Moody. Get ready for debauchery,...

Television TV Channels English Entertainment

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories