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=95st9isS

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/2017/04/29/Animation_0.jpg?itok=bZv9Tzyd
India among A-PAC leaders as animation software market expands at 16% CAGR

MUMBAI: A-PAC is a swiftly growing segment in the animation design software market, with countries such as China, India, and Japan leading this growth. The rising interest toward 3D animations among the younger demographics is boosting the demand from the market, says Technavio. Analysts forecast...

Television TV Shows Animation
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/04/29/teleshopping1.jpg?itok=9cV73p_J
India teleshopping market may expand at 17% CAGR

MUMBAI: Teleshopping market in India is projected to expand at a CAGR of 17.20% during 2016-2021. Research and Markets, a research firm, has announced the addition of the "India Teleshopping Market" report to their offering. In the study of the competitive landscape in India, the research firm...

Television TV Channels Specialised and Niche
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/04/29/SONYSIX-ZEETELUGU.jpg?itok=dU91cqG9
IPL 10 doesn't guarantee Sony SIX 'Top 10' seat, Zee Telugu enters across genres' list again

MUMBAI: Sony Max continued its dominance over the viewership ratings in week 16, according to Broadcast Audience Research Council of India (BARC) data Top 10 Channels *Across Genre: All India (U+R) : 2+ Individuals. Zee Telugu returned to the top 10 channels across genres list after a week's hiatus...

Television TV Channels Viewership
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/04/28/super-bheem.jpg?itok=oc5Hax4q
Super Bheem's super surprise this Sunday on Pogo

MUMBAI: Super Bheem, a weekly TV series on Pogo, is coming with a twist for the kids this Sunday, 30 April, 2017. Pogo and Green Gold Animation wanted to keep the time of the telecast a secret for the kids to create a surprise for them.

Television TV Channels Kids
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/04/28/sony-belive.jpg?itok=QgFD978O
Goodwill impairment at Pictures segment impairs Sony's income

Sony Corporation (Sony) reported a 1.9 percent or ¥5.5 billion decline in consolidated operating income for the fiscal ended 31 March 2017 (FY-17, current year) as compared to FY-16. The company says that this was mainly due to the US$962 million (¥112.1 billion yen) impairment charge of goodwill...

Television TV Channels GECs
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/04/28/india.jpg?itok=BVH0jZ-h
News: India TV climbs & ABP slips in two categories

Despite a general fall in ratings across the news genre, Times Now continued to be the leader in the English news genre and CNBC TV maintained the top slot in the English business news genre.

Television TV Channels Viewership
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/04/28/Maiboli_0.jpg?itok=n5NwDbue
Maiboli to premiere 'Shortcut' on 30 April

MUMBAI: SABGROUP’s Marathi channel Maiboli is set to entertain the audience with the broadcast of the Marathi Blockbuster ‘Shortcut –Disto pan Nasto’a moviefeaturing for the first time on the small screen. “Maiboli”, a regional Marathi language channel, showcases the Marathi culture and heritage....

Television TV Channels Regional
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/04/28/Arnab-Story.jpg?itok=xgPxn_Ls
Of Arnab's Republic, nationalism, need for opinionated media & 'outdated' BBC

NEW DELHI: Priyanka Chopra may have melted under stringent scrutiny of people on Reddit, but Arnab Goswami is made of sterner stuff. Not only he answered tricky questions --- criticism later notwithstanding about his biases --- but was unsparingly scathing on people and issues he thought did not...

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/04/27/sab-tv-dil.jpg?itok=7R5sqUHH
GEC leaders retain respective positions with drop in ratings

Viewership ratings in GEC seemed to seeing a slow yet continuous drop week after week. Although all the leaders in the respective genres retained their positions, they witnessed a further drop in the ratings as compared to previous BARC week. Ditto was the case with other GEC channels in urban as...

Television TV Channels Viewership

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories