BENGALURU: Sahara One Media and Entertainment Limited (Sahara One) Television segment reported an operating profit of Rs 3.41 crore in Q3-2014, which was 3.49 per cent more than the Rs 3.30 crore in Q3-2013, but (53.17) lower than the Rs 7.29 crore in the immediate trailing quarter. Over the nine month period ended 31 December 2013, the Television segment reported a (29.95) per cent drop in operating profit to Rs 8.17 crore in the corresponding period of last year.
Sahara One’s Television segment reported operating revenue of Rs 21.29 crore in Q3-2014 which was (54.02) per cent lower than the Rs 46.30 crore in Q3-2013 and (9.27) per cent less than the Rs 23.46 crore in Q2-2014. Television segment reported YTD operating revenue of Rs 73.02 crore which was (33.5) per cent less than the Rs 109.79 crore in the corresponding nine month period of last fiscal. The segment had operating revenue of Rs 135.05 crore in FY 2013.
Overall the company reported a loss of Rs (3.37) crore in Q3-2014, with unallocated segment eating away Rs (3.30) crore and its motion picture segment Rs (0.02) crore from the operating profit generated by Sahara One’s Television segment.
Let us look at the other Q3-2014 figures reported by Sahara One
Sahara One reported a (-55.20) per cent drop in operating revenue in Q3-2014 to Rs 20.41 crore from Rs 45.57 crore in the corresponding quarter of last year and a (9.69) per cent drop in operating revenue as compared to the Rs 24.76 crore in Q2-2014. Over the nine month period ended 31 December, 2013, Sahara One’s operating revenue fell (34.65) per cent to Rs 70.44 crore from Rs 107.78 crore reported in the corresponding period of last year. In FY 2013, the company reported operating income of Rs 132.28 crore.
Sahara One’s Total income for Q3-2014 at Rs 22.77 crore was (52.02) per cent lower than the Rs 47.46 crore in Q3-2013 and (8.05) per cent lower than the Rs 24.76 crore in Q2-2014. Sahara One’s YTD Total income fell by (32.8) per cent to Rs 47.46 crore from Rs 116.41 crore in the corresponding nine month period of last year. Its Total income for FY 2013 was Rs 142.58 crore.
Expense in Q3-2014 at Rs 22.67 crore dropped (49.82) per cent from Rs 45.19 crore in Q3-2013 and was 19.41 per cent more than the Rs 18.99 crore in Q2-2014. Sahara One’s YTD Expense at Rs 75.22 crore was (28.69) per cent lower than the Rs 105.49 crore during the corresponding nine month period of last year.
The major expense head in the case of Sahara One is Purchase of Content. Sahara One’s Content purchase expense for Q3-2014 was down (28.06) per cent to Rs 29.06 crore from Rs 40.40 crore y-o-y and was 39.76 per cent more than the Rs 17.51 crore in Q2-2014. Over the nine month period ended 31 December, 2013, Sahara One paid Rs 68.29 crore towards Content acquisition, which was (27.15) per cent lower than the Rs 93.74 crore in the corresponding period of last year. In FY 2013, Sahara One paid Rs 120.27 crore towards this expense head.
Increase in Inventory by Rs 11.68 crore in Q3-2014 resulted in lower Total expense to that extent. In Q3-2013, Inventory had dropped by Rs 0.65 crore, which resulted in an increase in Total expense in to that extent during that quarter. In Q2-2014, the company reported Inventory Increase of Rs 3.64 crore. Over a nine month period of the current fiscal, Inventory increased by Rs 8.56 crore as compared to the increase of Rs 0.47 crore during the corresponding period of last year. During FY 2013, Sahara One reported Inventory increase of Rs 4.77 crore.
As mentioned above, the company reported a loss of Rs (3.37) crore in Q3-2014, as compared to a PAT of Rs 1.45 crore in Q3-2013 and a PAT of Rs 4.10 crore in the immediate preceding quarter. Over the nine month period of the current fiscal, the company reported a (72.41) per cent drop in PAT to Rs 1.92 crore from Rs 7.03 crore reported during the corresponding period of last year. The company reported PAT of Rs 5.29 crore in FY 2013.
