Prasar Bharati posts Q1 rev of Rs 3.29 bn

NEW DELHI: Prasar Bharati earned revenue of Rs 3.29 billion for the fiscal first-quarter ended June.

Doordarshan?s contribution was Rs 2.08 billion while All India Radio?s (AIR) net commercial revenue stood at Rs 1.11 billion. Other resources earned Rs 101.1 million for the three months ended June 2011.

Prasar Bharati?s net revenue for 2010-11 ? subject to reconciliation ? was Rs 12.76 billion, of which Rs 9.44 billion came from DD and Rs 2.57 billion from AIR as net commercial revenue. A total of Rs 746 million came from other resources.

Prasar Bharati?s net revenue in 2009-10 was Rs 11.46 billion, of which the net commercial revenue from DD and AIR was Rs 8.28 billion and Rs 2.16 billion respectively, with Rs 1.02 billion coming from other resources.

In comparison, the total revenue in 2008-09 was Rs 10.01 billion, of which DD and AIR contributed commercial revenue of Rs 7.37 billion and Rs 1.94 billion respectively. A sum of Rs 694.4 million came from other resources.

Interestingly, Prasar Bharati itself owes a total amount of Rs 13.05 billion as on 31 March to various ministries and departments on account of space segment and spectrum charges, for which waiver has been sought by the Group of Ministers on Prasar Bharati.

While Doordarshan owed Rs 10.94 billion, AIR has an outstanding of Rs 2.11 billion on account of space segment and spectrum charges.

DD and AIR owe Rs 4.47 billion and Rs 324 million as spectrum charges respectively to the WPC Wing of the Department of Telecommunications. Similarly, DD and AIR have to pay Rs 6.47 billion and Rs 1.79 billion as space segment charges to the Indian Space Research Organisation.