wordpress blog stats
Connect with us

Hi, what are you looking for?

UTV Reports FY11 EBITDA Profit Of Rs 14.13Cr For Gaming & Interactive; Have Targets Been Met?

UTV Software has reported an EBITDA profit of Rs 14.13 crore for its Gaming and Interactive segment, for the full year ended March 31st 2011, up from the Rs 14.78 crore loss reported last fiscal. Full year revenues for the segment were Rs 120.08 crore, up from Rs 107 crore reported last fiscal. The split between games and interactive is not available since UTV combined reporting for the segments last year, starting with Q2. Details for the fourth quarter this fiscal have also not been disclosed. Capital employed in the segment has increased to Rs 770.51 crore, up from Rs 529.17 crore reported for the last fiscal. According to the company, the gaming and interactive segment “has contributed to around 13% of the operating revenues”.

Downloads: Earnings Release | Financials

Have Targets Been Met?

Last year, UTV had set the following targets for its businesses:
– Indiagames had been set a target of Rs. 50 Crore, with 10-15% EBITDA margins.
– UTV New Media (now UTV Interactive) had been set a target of reporting a marginal profit, and Rs. 30 crore in revenue.
– Online Games (True Games): Rs 40 crore and operating margins of 15%
– Console gaming (Ignition Entertainment): Rs. 300 Crore with 20% EBITDA margins.

There’s no indication from UTV – either in its earnings release or financials – about whether these targets have been met. We’ve written to the company, requesting the following information:
– Revenue and EBITDA margins for Indiagames
– Revenue, profit/loss for UTV Interactive
– Revenue and operating margins for Online Games (True Games)
– Revenue and margins for Console Gaming

We’ll update in case we get a response.

Advertisement. Scroll to continue reading.

Operational details:

– UTV Ignition: released Swarm an action-platform digital video game at the end of March 2011 in XBLA & PSN.

– Indiagames: entered into a contract with Tata Docomo to act as a Master Service Provider. It also acquired three new licenses in this quarter including: Jhoota hi Sahi from Saregama ,Tees Maar Khan, and Saath Khoon Maaf. It launched the Cricket World Cup in Q4. Note that since then, Indiagames has also launched a Cricket game for the IPL, in the current quarter. The company also inked a partnership with ZengaTV for mobile TV content. Note that it is believed that the promoters of Indiagames Ltd are looking for buyers.

– True Games: Faxion and Mytheon – both MMORPG games successfully completed closed beta phase at the
end of March 2011.

– UTV Interactive: Launched an Audio Devotional product on Airtel and BSNL. Its active base has reached approximately one million users in less than six months of launch. Audio Cinema has an active base of over 1.9 million users. UTV Interactive’s “Celebrity division” launched digital celebrity content across two tier 1
operators in March. More on the celebrity division’s mobile products here. Note that Manish Agarwal left UTV Interactive during the quarter to join Zapak as COO. MK Anand took over as CEO.

In the current quarter, UTV Interactive inked a deal with Punjabi music label MovieBox Records. Importantly, UTV Interactive also gave management of three properties it had acquired through IT Nation to Trivone, in the current, ongoing quarter. The company apparently didn’t renew Enterpriser.in.

Advertisement. Scroll to continue reading.

Written By

Founder @ MediaNama. TED Fellow. Asia21 Fellow @ Asia Society. Co-founder SaveTheInternet.in and Internet Freedom Foundation. Advisory board @ CyberBRICS

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.



The Delhi High Court should quash the government's order to block Tanul Thakur's website in light of the Shreya Singhal verdict by the Supreme...


Releasing the policy is akin to putting the proverbial 'cart before the horse'.


The industry's growth is being weighed down by taxation and legal uncertainty.


Due to the scale of regulatory and technical challenges, transparency reporting under the IT Rules has gotten off to a rocky start.


Here are possible reasons why Indians are not generating significant IAP revenues despite our download share crossing 30%.

You May Also Like


Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...


135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...


Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...


By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Your email address:*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ