The flip-flop of media and entertainment company UTV Software Communications' gaming business continues: EBITDA has sunk back to a negative with its three subsidiaries Indiagames, Ignition Entertainment and True Games contributing only 8 percent of the total revenues for the quarter ended December 2009 as compared to 25 percent the segment had contributed the previous quarter. EBITDA for this segment has fallen to a negative Rs 13.46 million as compared to positive Rs 1.41 million for December 2008 and Rs 98.91 million for September 2009. Standalone & Consolidated Results UTV announced a standalone net profit of Rs 401.96 million for the quarter ended December 2008, over 5 times that recorded in the same quarter last fiscal (Rs 76.68 million). Revenue for the quarter was reported at Rs 1602.25 million as compared to Rs 599.70 reported for the same quarter of the last fiscal Details: Financials The company reported a consolidated operating revenue growth of 38 percent to Rs 2207.27 million from Rs 1601.99 million YoY. Profit after tax increased by 36 percent to Rs 405.79 million YoY and as compared to Rs 181.04 million reported for the quarter ended September 2009. Broadcast Revenue Up Revenues share from the broadcast segment has increased from 11 percent to 30 percent. UTV broadcasts four channels UTV World Movies, UTV Movies, UTV Bindass and UTV Action. UTV had plans to pull the plug on Bindass and replace it with UTV Action but their website mentions all four. The segment has reported revenues of Rs…
