Television

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=hJX6z9B3

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/2020/02/22/alll.jpg?itok=_QN-bmfJ
English news records highest ratings in 2020 during Delhi elections, results week

Runup to elections and election results announcements are big viewership drivers for news channels in India. Assembly elections on 8 February 2020 and announcement of the election results of the New Delhi legislative assembly in week 6 of 2020 (Saturday, 8 February 2020 to Friday, 14 February 2020.

Television TV Channels Viewership
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/02/22/logos.jpg?itok=1vH4NSd9
BARC week 6: Four Zee regional channels lead regional markets

In week six of BARC India ratings, Zee's four regional channels  Zee Bangla, Zee Biskope, Zee Marathi and Zee Kannada led in Bangla, Bhojpuri, Marathi and Kannada markets respectively. Zee Punjabi and Zee were seen holding second position in their respective market, whereas Zee Tamil holds third...

Television TV Channels Viewership
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/02/22/barc.jpg?itok=yD9J7pqX
Hindi news channels viewership increases by 14 per cent in week 6 of BARC

Delhi Legislative Assembly election has proved to be most fruitful for the news channels across genres. However, Hindi news broadcasters’ viewership has substantially grown by over 14 per cent in week six as compared to week five, according to the data published by Broadcast Audience Research...

Television TV Channels Viewership
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/02/21/spsn.jpg?itok=km9a3_uY
SPSN partners with Social chain of restaurants as on-ground screening partner

MUMBAI: To provide a real-time drama to cricket fans, Sony Pictures Sports Network (SPSN) has partnered with Impresario Entertainment and Hospitality’s Social chain of restaurants across India to be its official on-ground screening partner for high-octane series between Australia and South Africa....

Television TV Channels Sports
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/02/21/nippon.jpg?itok=bTxFlT2R
Nippon TV heads to Series Mania Forum with three new scripted formats

TOKYO: Nippon Television Network Corporation (Nippon TV), Japan’s leading multiplatform entertainment powerhouse, announced that the company has been officially invited by Laurence Herszberg, founder-general director of Series Mania, to be the first Japanese company to attend Series Mania Forum.

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/02/21/Star%20Jalsha.jpg?itok=B40OnLQy
Star Jalsha celebrates 500 episodes of Irabotir Chupkotha

MUMBAI: Irabotir Chupkotha, one of Bengali television’s most popular shows, has recently completed 500 episodes. A unique plot coupled with a stellar cast can only result in a successful mega serial. Irabotir Chupkotha, produced by Acropolis Entertainment is a sparkling example of this instance....

Television TV Channels GECs
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/02/21/Sunil_Shah.jpg?itok=sXFezqi1
B4Uelevates Sunil Shah as group MD B4U films

MUMBAI: B4U is in the midst of strong momentum. Along with the launch of new channels in the past year and the business plans in the works for the future, the network will experience new ways of working and few changes in organizational structuring at B4U, to continue this level of growth.

Television TV Channels Music and Youth
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/02/21/BARC_800.jpg?itok=PL0dZWf-
BARC week 6: Sony SAB slips down to fourth position on pay platform

MUMBAI: Sony SAB slipped to fourth position in week six of BARC India ratings. Last week, the channel was seen at third position. This week Zee TV held the third position moving up from fourth position. Colors continued to lead in urban market and pay platform. In urban market, Colors, Star Plus,...

Television TV Channels Viewership
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/02/20/boib.jpg?itok=oCypl9wy
ViacomCBS reports $6.871 bn revenue in Q4

MUMBAI: ViacomCBS today reported financial results for the quarter and full year ended 31 December. The company’s full year revenue increased 2 per cent, driven by growth in advertising, affiliate and content licensing. Significantly, it reported the first quarterly earnings as a combined company....

Television TV Channels GECs

Sign up for our Newsletter

subscribe for latest stories

* indicates required