BENGALURU: Network18 Media & Investments Limited (Network18) reported 8.9 per cent YoY growth in consolidated income from operations (TIO) at Rs 905.6 crore in the quarter ended 31 December, 2015 (Q3-2016, current quarter) as compared to the Rs 831.9 crore and was 13 per cent higher QoQ as compared to Rs 801.1 crore.
The company’s EBIDTA in the current quarter increased 27.5 per cent YoY to Rs 85.6 crore (9.5 per cent margin) from Rs 67.2 crore (8.1 per cent margin) and more than quadrupled (up 4.5 times) QoQ from Rs 19.2 crore.
Note: 100,00,000 = 100 lakh = 10 million = 1 crore
The company reported a lower consolidated YoY loss of Rs 2.4 crore for the current quarter than the loss of Rs 12.2 crore and less than one tenth QoQ loss as compared to Rs 27.43 crore.
Network18 has holdings in TV18 Broadcast Limited (TV18). TV18 reported 14 per cent YoY growth in Income from operations (TIO) in Q3-2016 at Rs 692.42 crore as compared to Rs 607.23 crore and a 13.8 per cent QoQ growth as compared to Rs 608.53 crore. TV18 reported net profit after tax (PAT) for the current quarter at Rs 78.29 crore (11.3 per cent margin) as compared to Rs 60.38 crore in Q3-2015 (9.9 per cent margin) and Rs 20.27 crore (3.3 per cent margin) in the immediate trailing quarter.
Network18 paid 5.1 per cent more YoY towards programming costs in the current quarter at Rs 212.5 crore (23.5 per cent of TIO) as compared to the Rs 202.1 crore (24.3 per cent of TIO) and was 11.5 per cent more QoQ as compared to Rs 190.6 crore (23.8 per cent of TIO).
Network18’s distribution, advertisement and business promotion costs in Q3-2016 declined five per cent YoY to Rs 203.3 crore (22.4 per cent of TIO) and declined 2.4 per cent QoQ from Rs 208.2 crore (26 per cent of TIO).
Network18’s employee benefit expense increased 11.3 per cent YOY in Q3-2016 to Rs 159.3 crore (17.6 per cent of TIO) as compared to Rs 143.1 crore (17.2 per cent of TIO), but declined two per cent from the Rs 162.5 crore (20.3 per cent of TIO.
Network18’s finance costs in Q3-2016 declined 17.5 per cent YoY to Rs 22.7 crore (2.5 per cent of TIO) as compared to Rs 27.5 crore (3.3 per cent of TIO) and declined 1.7 per cent from Rs 23.1 crore (2.9 per cent of TIO).
