Network18’s broadcasting subsidiary TV18 Broadcast has posted a net profit of Rs 95.47 crore for the quarter ended March 31, 2015 (Q4-FY15), as against a net profit of Rs 60.38 crore in the previous quarter and a net profit of Rs 35.90 crore in the same quarter last year.
The company reported total operational revenues of Rs 629.7 crore for the quarter, up 3.7% from Rs 607.2 crore in the previous quarter and up 11.8% from Rs 563.3 crore in the same quarter last year.
Note that in the previous quarter, Network18 had mentioned that its consolidated results for the quarter aren’t comparable to the corresponding quarter last year, as it included results from Equator Trading Enterprises (and its subsidiaries Panorama Television & Prism TV) that became a wholly owned subsidiary of Network18 in January last year and Eenadu Television that became an associate company in the same month. The company has now mentioned that the figures for corresponding previous quarters have been restated and regrouped to make them comparable.
Media operations vs Film production
Revenues from the media operations business grew to Rs 628.94 crore, up 3.9% from Rs 605.15 crore in the previous quarter. On the other hand, revenues from TV18’s film production & distribution business was down by almost 60% to Rs 4.80 crore for the quarter, from Rs 11.99 crore in the previous quarter.
It’s worth noting that TV18 had stopped disclosing financial information pertaining to its news business and entertainment business from Q2-FY15. There is also no information on how IndiaCast or its infotainment business (AETN-18 India) performed during the quarter.
FY15 financial highlights
– TV18 reported operating revenues of Rs 2318.4 crore for FY15, up 18% year-on-year (YoY) from Rs 1968.1 crore in FY14.
– The company registered profit before tax of Rs 216 crore for FY15, up 70% YoY from Rs 126.8 crore in FY14.
– TV18 mentions that CNBC-TV18 has a 58% market share in the English business news channel segment, while CNBC Awaaz has a 60% market share in the Hindi business news channel segment.
– The company’s Gujarati news channel, CNBC Bajar, showed a viewership increase of 193% in Q4-FY15 over Q3 FY15. This can be attributed to a lower base as the channel began operations in July last year. The channel had also tied-up with media and entertainment company KSS (formerly K Sera Sera) to air several programs and host investor education conferences.
– MTV launched Roadies Torrentz, an app that allows users to download or watch online full episodes of Roadies, and the game app MTV Catastrophe, during this quarter.