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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 -…

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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.

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