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) | |||||||
