Specialty media company CyberMedia has reported an operational income of Rs 71.6 crore for the year ending March 31, 2013 (FY13), a 5.5% decline from Rs 75.8 crore revenues in FY12. The company posted a net loss of Rs 1.77 crore for the year FY13, as compared to 0.14 crore profit in FY12.
For the quarter ending March 31, 2013 (Q4-FY13), CyberMedia reported an operational income of Rs 15.05 crore, down 21.1% from Rs 19.06 crore revenues in the same quarter last year (Q4-FY12). The company posted increased losses of Rs 3.07 crore for the quarter, up from Rs 0.36 crore loss reported in the same quarter last year.
Note that these consolidated results include the results of the company’s wholly owned subsidiaries, Cyber Media Research (previously known as IDC India), Cyber Media Services, Cyber Media Singapore, CyberMedia India and Cyber Astro and its associate companies Cyber Media Foundation, Cyber Media Careers and Any Time Media.
Media Business: On a yearly basis, the media business saw a decline in the profit before tax to Rs 0.90 crore for FY13, down 68.4% from Rs 2.85 crore profit in FY12. The total revenues also declined marginally to Rs 42.1 crore for the year FY13, down 10.81% from Rs 47.2 crore in FY12. Media Business accounted for 58.8% of CyberMedia’s total revenues in FY13.
On a quarterly basis, the media business however reported a a loss before tax of Rs 2.1 crore for the quarter, down from Rs 1.05 crore profit in the same quarter last year. The total revenues declined to Rs 7.53 crore for the quarter, down 33.54% from Rs 11.33 crore in Q4-FY12.
CyberMedia owns 16 publications related to technology, outsourcing and entrepreneurship and 14 corresponding online properties like PCQuest, DQIndia, Voice&Data, CIOL, DQChannels, DQWeek, BioSpectrum India, BioSpectrum Asia, GlobalServices, Dare, and CyberAstro. It has also partnered with MIT for Tech Review India.
Media Services Business: The Media services business also saw a significant decline in its profit before tax to Rs 0.15 crore in FY13, down 84.4% from Rs 0.96 crore in FY13. The total revenues however marginally increased to Rs 30.96 crore for the year FY13, up 1.84% from Rs 30.4 crore in FY12. Media Services Business accounted for 43.2% of CyberMedia’s total revenues in FY13.
On a quarterly basis, the media services business saw a loss before tax of Rs 0.48 crore for the quarter, an improvement from Rs 0.78 crore in the same quarter last year. The total revenues saw an almost flat growth at Rs 8.11 crore for the quarter, up from Rs 8.09 crore in the same quarter last year.
CyberMedia Media Services business currently houses its IT & telecom research firm Cybermedia Research and Content Matrix which offers custom media solutions through various units like TDA Group, CyberMedia Services and Publication Services.
Expenses
– Total Expenses went down to Rs 71.56 crore from Rs 72.5 crore in the previous fiscal.
– Cost of materials went down to Rs 1.37 crore from Rs 1.45 crore in the previous fiscal.
– Purchase of traded goods reduced to Rs 1.66 crore from Rs 3.02 crore in the previous fiscal.
– Employee cost increased to Rs 23.96 crore from Rs 21.08 crore in the previous fiscal.
– Other expenses reduced to Rs 39.91 crore from Rs 42.38 crore in the previous fiscal.
Download – Financials
