BENGALURU: B.A.G. Films and Media Limited (B.A.G. Films) FM Radio segment reported 25.9 per cent YoY operating revenue growth for the quarter ended 30 September, 2015 (Q2-2016, current quarter) at Rs 2.22 crore (8.9 per cent of Total Income from Operations or TIO) as compared to Rs 1.77 crore (5.1 per cent of TIO).
The FM Radio segment’s operating revenue in the current quarter also increased 40.8 per cent QoQ from Rs 1.58 crore (6.1 per cent of TIO). B.A.G. Films’ FM radio network Dhamaal 24 (106.4 FM), which was launched in 2005, operates 10 stations in India.
Note: 100,00,000 = 100 lakh = 10 million = 1 crore
The FM Radio segment reported almost threefold (up 2.9 times) operating profit in the current quarter at Rs 0.73 crore as compared to the Rs 0.25 crore in the corresponding year ago quarter. The segment had reported an operating loss of Rs 0.24 crore in the immediate trailing quarter.
B.A.G. Films other major segment, Television Broadcasting (TV segment) reported two per cent YoY growth in segment revenue at Rs 21.66 crore (86.8 per cent of TIO) as compared to the Rs 21.22 crore (64.7 per cent of TIO) and a 4.7 per cent QoQ revenue growth from Rs 20.69 crore (79.7 per cent of Total Income from Operations or TIO).
B.A.G. Films TV segment reported 14.2 per cent YoY drop in operating profit at at Rs 5.07 crore as compared to the Rs 5.91 crore and a 37.3 per cent QoQ drop from Rs 8.08 crore.
B.A.G. Films TIO in the current quarter at Rs 24.94 crore dropped 23.9 per cent YoY as compared to the Rs 32.80 and dropped 3.9 per cent from Rs 25.96 crore in the immediate preceding quarter.
Let’s look at the other numbers reported by B.A.G. Films:
B.A.G. Films reported a higher loss of Rs 3.66 crore in the current quarter as compared to the Rs 2.93 crore in the corresponding year ago quarter and a loss of Rs 1 crore in Q1-2016.
The company’s simple EBIDTA calculated without including other income in the current quarter at Rs 3.93 crore (15.8 per cent margin) declined 9.3 per cent as compared to the Rs 4.34 crore (13.2 per cent margin) in Q2-2015 and was 35.1 per cent lower than the Rs 6.06 crore (23.3 per cent margin) in Q1-2016.
B.A.G. Films’ total expenditure in the current quarter at Rs 24.62 crore (98.7 per cent of TIO) was 23.7 per cent lower than the Rs 32.27 crore (98.4 per cent of TIO), but increased four per cent QoQ from Rs 23.67 crore (91.2 per cent of TIO).
Employee Cost in Q2-2016 at Rs 4.82 crore (19.3 per cent of TIO) increased 1.5 per cent YoY from Rs 4.75 crore (14.5 per cent of IO) and was 1.7 per cent more than Rs 4.74 crore (18.2 per cent of TIO) in Q1-2016.
Segment Numbers
The company has mentioned five segments in its financial results namely: Audio-Visual Production (AVP); Movies: Leasing; FM Radio; and Television Broadcasting. While the movies segment made no contribution to the company’s revenue or operating results in the current quarter, Q2-2015 or Q1-2016, FM Radio and TV Broadcasting segment numbers have already been mentioned above.
Audio Visual Production segment (AVP segment)
AVP segment reported a 78.3 per cent decline in revenue in Q2-2016 at Rs 1 crore as compared to the Rs 4.60 crore in Q2-2015 and 72.2 per cent decline from Rs 3.60 crore in Q1-2016. The segment reported an operating loss of Rs 0.66 crore in the current quarter as compared to an operating profit of Rs 1.98 crore in Q2-2015 and an operating profit of Rs 2.24 crore in Q1-2016.
Leasing segment (The numbers for this segment are mentioned in lakh – 100 lakh = 1 crore)
B.A.G. Films leasing segment reported revenue of just Rs 6.95 lakh in the current quarter as compared to the Rs 15.65 lakh in Q2-2015 and Rs 9.97 lakh in the preceding quarter. The segment reported an operating loss of Rs 82.63 lakh in Q2-2016 as compared to an operating loss of Rs 88.64 lakh in the corresponding year ago quarter and an operating loss of Rs 93.20 lakh in the immediate trailing quarter.
