Television
Report on Shemaroo

Siti reports improved numbers for Q1

Siti’s operating profit (without activation charges) for Q1 2019 was Rs 54.9 crore

https://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2018/08/08/rajesh.jpg?itok=IPiWuhYM

BENGALURU: Backed by higher subscription revenue and a 93 percent collection efficiency, Indian multi-systems operator (MSO) Siti Networks Limited (Siti) posted 146 percent higher operating profit (EBITDA) for the quarter ended 30 June 2018 (Q1 2019, quarter or period under review) as compared to the corresponding quarter of the previous fiscal year Q1 2018. The company says that collection efficiency in July 2018 has increased to 97 percent. For the immediate trailing quarter (Q4 2018), the MSO had reported a collection efficiency of 95 percent.

Siti’s operating profit (without considering activation charges) for Q1 2019 increased to Rs 54.9 crore as compared to Rs 22.3 crore in Q1 2018. The company attributes the growth in EBIDTA to a 26.3 percent surge in subscription revenue to Rs 214.9 crore in Q1 2019. EBITDA including activation declined 24.1 percent during the period under review to Rs 76.71 crore from Rs 101.01 crore in Q1 2019.

Total comprehensive loss (TCL) for the period was higher at Rs 56.96 crore as compared to Rs 15.19 crore in corresponding quarter of the previous year. However, on quarter on quarter basis Rs.70 Cr has gone down to Rs.57 Cr, an improvement of 18.8 per cent. It must be noted that all numbers mentioned in this report are consolidated unless stated otherwise.

Siti’s consolidated total income in Q1 2019 was Rs 352.45 crore as compared to Rs 371.11 crore in Q1 2018. Consolidated operating revenue in Q1 2019 was Rs 350.05 crore as compared to Rs 364.96 crore in Q1 2018.

The MSO says that it has added 3.5 lakh (0.35 million, 0.035 crore) digital subscribers in Q1 2019 and has reached a 117 lakh (11.7 million, 1.17 crore) active digital subscriber base. Siti had added 31 lakh (3.1 million, 0.31 crore) digital subscribers in fiscal 2018 (year ended 31 March 2018) It claims to have added 40,000 new HD subscribers to reach a HD subscriber base of 3.56 lakh (0.356 million, 0.0356 crore) during the period under review.

Let us look at the other numbers reported by Siti

Siti’s consolidated total expenditure (TE) increased 10 percent in Q1 2019 to Rs

406.72 crore from Rs 369.52 crore in Q1 2018. Carriage sharing, pay channels and related costs in Q1 2019 increased 5.4 percent to Rs 164.46 crore from Rs 156.06 crore in Q1 2018. Employee benefit expense during the quarter under review reduced 12.9 percent to Rs 20.41 crore from Rs 23.45 crore in the corresponding quarter of the previous year. Other expense in Q1 2019 increased 3.5 percent to Rs 87.10 crore from Rs 84.18 crore in Q1 2018.

Company speak

Siti chief business transformation officer Rajesh Sethi said, “Siti had a great start to FY 2019 with strong improvement in all operational metrics. Our ‘Customer First’ strategy helped drive superlative 146 percent EBITDA growth coupled with expansion of 892 bps in the margins. While we increased our subscription revenue by nearly 26 percent year on year, we have further initiated an ARPU increase program and the results will be visible in the coming quarters. With the New Tariff Order Notification, we are well positioned to move to the new regime. Our systems and processes are ready for the seismic transformations of the last mile operations. In FY 2019 we plan to drive efficiencies along with solid EBITDA and margins growth, in line with our core strategy of profitable and sustainable growth.”

Latest Reads

https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/05/12/photogrid_plus_1620810463471.jpg?itok=RRzMZfN-
Covid aid: Zee Bangla Cinema says ‘we’re there for you’ with amraachhi.org

NEW DELHI: Zee Bangla Cinema, in association with its digital partner Mind and Matter, has launched a website named Amra Achhi (amraachhi.org) which means 'We are there' to provide all Covid-related help to people in West Bengal.  The website is a one-stop destination for all information related to...

Television TV Channels Regional
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/05/12/photogrid_plus_1620805828618.jpg?itok=U5y9JkaB
Milagrow founder Rajeev Karwal loses battle against Covid

MUMBAI: Milagrow Robots founder & chairman Rajeev Karwal died of Covid-19 on Wednesday morning after he was on ventilator support for almost a week. He was known for his contribution to the Indian electronics and technology space. 

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/05/12/photogrid_plus_1620802169241.jpg?itok=A6_8bohv
&pictures brings the television premiere of ‘The Power’

MUMBAI: Offering a treat to action movie lovers, &pictures will premiere Vidyut Jammwal's The Power on 15 May at 8 PM. Directed by National award-winning filmmaker Mahesh Manjrekar, the film is loaded with high-octane action scenes featuring Jammwal.  Packed with the strong performance of...

Television TV Channels Movie Channels
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/05/12/photogrid_plus_1620801970424.jpg?itok=VU3u-pst
Cartoon Network’s family fun time with Best Summer Ever campaign

NEW DELHI: Kids' entertainment channel Cartoon Network has rolled out the Best Summer Ever campaign for kids and parents, which aims to transform homes into the ultimate destinations for exciting adventures that could be enjoyed with the entire family.  As a part of the Best Summer Ever campaign...

Television TV Channels Kids
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/05/12/krishna-menon.jpg?itok=U1tzaV5v
The Q India promotes Krishna Menon as COO

The QYOU Media Inc has appointed Krishna Menon as the COO of its Hindi language youth-oriented channel The Q India, available in over 100 million TV households and to over 612 million OTT and mobile users.

Television TV Channels People
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/05/12/cit.jpg?itok=kqGVYnEu
CINTAA urges producers to follow Covid SOPs, says lapse could impact the whole unit

The Cine and Television Actors' Association (CINTAA) has urged producers to follow standard operating procedures (SOP) during the shooting and production stages to protect actors from Covid-19. The request from CINTAA comes at a time when several actors have tested positive for Covid, and some of...

Television Production House Fiction
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/05/11/photogrid_plus_1620724084175.jpg?itok=CO4COQFY
Sony Pictures Sports Network unveils UEFA EURO 2020 fixtures

KOLKATA: With the UEFA EURO 2020 barely a month away, Sony Pictures Sports Network has unveiled the schedule for the biggest football tournament in 2021 gathers pace. The tournament kicks off 11 June 2021 live on Sony TEN 2 and Sony TEN 3 (in Hindi) channels in India.

Television TV Channels Sports
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/05/11/photogrid_plus_1620714595449.jpg?itok=zLDmYXtA
&pictures wins big at Global Digital Marketing Excellence Awards 2021

MUMBAI: &pictures began the award season on a high note by bagging three metals across ‘Global Digital Marketing Excellence Awards 2021’ for its innovative brand refresh campaign – On Nahi, Full On. At ‘Global Digital Marketing Excellence Awards 2021’ &pictures bagged three awards in...

Television TV Channels Movie Channels
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/05/11/ipl.jpg?itok=WTQewpSw
Remaining IPL matches to be played outside India: BCCI prez Sourav Ganguly

The remainder of the suspended Indian Premier League (IPL) 2021 will be played outside the country, said Board of Cricket Control in India (BCCI) head Sourav Ganguly, putting to rest a lot of speculations about the league.

Television TV Channels Sports

Sign up for our Newsletter

subscribe for latest stories

* indicates required