Network18 Q1 FY16 consolidated operating revenues up by 12% YoY, at Rs.793.6 crore

Q1 FY16 consolidated EBITDA of Rs.49.1 crore, up by 99% YoY, while Q1 FY16 consolidated PBT of Rs.5.8 crore against a loss of Rs.43.9 crore in Q1 FY15

Network18 Media & Investments Limited today announced its results for the quarter ended 30th June, 2015. Highlights of the un-audited financial results as compared to the previous year are:

Highlights of Operations

§ Operating revenues on a consolidated basis stood at Rs.793.6 crore in Q1 FY16, up by 12% YoY, from Rs.708.4 crore in Q1 FY15.

§ Q1 FY16 Profit Before Tax (before exceptional and prior period items) on a consolidated basis stood at Rs.5.8 crore (as per independent industry data sources), turning positive from a loss of Rs.43.9 crore in Q1 FY15

§ Q1 FY16 consolidated EBITDA stood at Rs.49.1 crore, up by 99% YoY, from Rs.24.7 crore in Q1 FY15.

§ EBITDA for the current quarter includes profit of Rs.43.3 crore on sale of stake in Stargaze Entertainment Private Limited.

Particulars (In Rs. Crore)		Quarter ended			Year Ended
		30 Jun'15	31 Mar'15	30 Jun'14	31 Mar'15
1.	Income from operations	786.1	839.3	699.7	3,108.8
	(a) Income from operations
	(b) Other operating income	7.5	2.1	8.7	17.8
	Total income from operations	793.6	841.4	708.4	3,126.6
2.	Expenses	206.3	208.0	169.5	768.4
	(a) Programming cost
	(b) Distribution, advertising and business promotion	211.2	198.9	192.2	825.4
	(c) Cost of materials consumed	0.7	1.1	3.5	5.7
	(d) Employee benefits expenses	159.8	143.6	146.8	569.3
	(e) Depreciation and amortisation expense	18.5	17.2	37.8	75.2
	(f) Other expenses	215.4	220.2	183.7	804.8
	Total expenses	811.9	789.0	733.5	3,048.8
3.	Profit/(loss) from ordinary activities before other	(18.3)	52.4	(25.1)	77.8
	income, finance costs, exceptional items, prior	48.9	30.0	12.0	64.8
	period items
4.	Other income
5.	Profit/(loss) from ordinary activities before	30.6	82.4	(13.1)	142.6
	finance costs, exceptional item, prior period	24.8	25.8	30.8	113.2
	items
6.	Finance costs
7.	Profit/(loss) from ordinary activities after	5.8	56.6	(43.9)	29.4
	finance costs but before exceptional items,	-	(6.1)	(1,045.4)	(1,055.4)
	prior period items
8.	Exceptional items- (expense)/ income
9.	Profit/(loss) from ordinary activities after	5.8	50.5	(1,089.3)	(1,026.0)
	exceptional items but before prior period items	-	(0.5)	(63.6)	(64.0)
	and tax
10.	Prior period (expense)/ income
11.	Profit/(loss) before tax	5.8	50.0	(1,152.9)	(1,090.0)