BENGALURU: Driven by a good performance by its television segment,  TV Today Network Limited (TVTN), a part of the India Today group, reported more than double (2.06 times) the PAT in Q1-2015 at Rs 32.79 crore (23.9 per cent of Income from Operations or Op Inc) as compared to the Rs 15.85 crore (16.3 per cent of Op Inc)) in Q4-2014 and 2.74 times the Rs 11.98 crore (13.5 per cent of Op Inc) in Q1-2014.

The company reported a respectable 40.6 per cent growth in Op Inc in Q1-2015 to Rs 137.01 crore as compared to the Rs 94.71 crore in Q4-2014 and 54.1 per cent more than the Rs 88.9 crore in Q1-2014.

Note: (1) Rs 100 lakh = Rs100,00,000 = Rs 1 crore = Rs 10 million.

Two segments – TV Broadcasting (TV) and FM Radio Broadcasting (Radio) contribute to TVTN’s revenues. TVTN’s Radio Broadcasting segment (Oye! FM) under the brand Oye! FM reported a lower operating loss in Q1-2015 at Rs 2.56 crore as compared to the Rs 4 crore in the immediate trailing quarter, but higher than the Rs 2.33 crore in the year ago quarter Q1-2014. The segment reported 14 per cent lower q-o-q operating revenue at Rs.3.37 crore in Q1-2015 as compared to the Rs 3.91 crore in Q4-2014, but 11.6 per cent more than Rs 3.02 crore in Q1-2014.

Let us look at the other Q1-2015 numbers reported by TVTN

As mentioned above, TVTN’s TV Broadcasting (TV) segment has performed well. Op Inc of the TV segment in Q1-2015 at Rs 133.64 crore was 42.9 per cent more than the Rs 93.5 crore in Q4-2014 and 55.6 per cent more than the Rs 85.89 crore in Q1-2014. The segment reported a positive operating result of Rs 51.43 crore, which was 86.7 per cent more than the Rs 27.55 crore in Q1-2014 and more than double (2.43 times) the Rs 21.18 crore in Q1-2014.

TVTN’s total expenditure in Q1-2015 at Rs 89.31 crore (65.2 per cent of Op Inc) was 15.5 per cent more than the Rs 77.31 crore (79.4 per cent of Op Inc) in Q4-2014 and 25.3 per cent more than the Rs 71.27 crore (80.2 per cent of Op Inc) in Q1-2014.

The company’s Production cost at Rs 13.45 crore (9.8 per cent of Op Inc) in the current quarter was 4.2 per cent higher than the Rs 12.91 crore(13.3 per cent of Op Inc) in Q4-2014 and 48.9 per cent more than the Rs 9.03 crore (10.2 per cent of Op Inc) in Q1-2014.

TVTN’s Employee Benefit Expense (EBE) in Q1-2015 at Rs 29.29 crore (26.5 per cent of Op Inc) was 35.2 per cent more than the Rs 21.67 crore (22.3 per cent of Op Inc)) in Q4-2014 and 24.1 per cent higher than the Rs 23.6 crore (26.6 per cent of Op Inc) in Q1-2014.

Other Expense at Rs 17.43 crore (12.7 per cent of Op Inc) in Q1-2015 was 9.6 per cent less than the Rs 19.27 crore (17.3 per cent of Op Inc) in Q4-2014 and 38.2 per cent more than the Rs 12.61 crore (14.2 per cent of Op Inc) in Q1-2014.