BENGALURU: HT Media Limited (HT Media) radio segment reported a 45.3 per cent q-o-q growth in operating result for Q2-2015 at Rs 6.64 crore versus Rs 4.57 crore in Q1-2015 and 41.6 per cent more than the Rs 4.69 crore in the corresponding quarter of 2014. The segment’s HY-2015 operating result at Rs 11.21 crore was 34.1 per cent more than the Rs 8.36 crore in HY-2014.
Note: (1) 100,00,000 = 100 Lakhs = 10 million = 1 crore
(2) The figures mentioned in this report are consolidated figures unless stated otherwise.
HT Media’s radio segment reported revenue of Rs 24.35 crore in Q2-2014, which was 1.6 per cent more than the Rs 23.97 crore in Q1-2015 and 9.9 per cent more than the Rs 22.16 per cent in Q2-2014. The company operates four radio stations in the country under the brand Fever 104 FM.
Let us look at the other Q2-2015 and HY-2015 figures reported by HT Media
HT Media reported total income from operations (TIO) of Rs 560.88 crore in Q2-2015, which was 2.6 per cent more than the Rs 546.41 crore in Q1-2015 and 4.9 per cent more than the Rs 534.65 crore in Q2-2014. For HY-2015, HT Media reported TIO of Rs 1107.29 crore which was Rs 1075.58 crore in HY-2014.
The company’s PAT for Q2-2015 at Rs 43.89 crore (7.8 per cent of TIO) was 34.3 per cent more than the Rs 32.67 crore (6 per cent of TIO) in Q1-2015 but 24.6 per cent lower than the Rs 58.18 crore (10.9 per cent of TIO) in Q2-2014. For HY-2015, HT Media reported PAT of Rs 94.64 crore (8.6 per cent of TIO), which was 18 per cent lower than the Rs 115.42 crore (11.7 per cent of TIO) in HY-2014.
Three segments contribute to HT Media’s revenue – (1) Printing and publishing of newspapers and periodicals (Publishing) (2) Radio and (3) Digital.
Radio segment’s results have been mentioned above. HT Media’s publishing segment reported revenue of Rs 510.75 crore (91.1 per cent of TIO) in Q2-2015, which was 1.8 per cent more than the Rs 501.54 crore (19.8 per cent of TIO) in Q1-2015 and 3 per cent more than the Rs 495.85 crore (12 per cent of TIO). In HY-2015, the publishing segment reported revenue of Rs 1012.29 crore (91.4 per cent of TIO) which was 1.2 per cent more than the Rs 1000.43 crore in HY-2014.
HT Media’s publishing segment reported a fall of 6.6 per cent in operating result at Rs 131.59 crore in HY-2015 versus Rs 140.94 crore in HY-2014. For Q2-2015, the segment reported 3.9 per cent higher operating result at Rs 67.04 crore versus Rs 64.55 crore in Q1-2015 and 12.7 per cent more than the Rs 495.85 crore in the corresponding quarter of last fiscal.
The digital segment reported a 5.1 per cent higher revenue at Rs 24.93 crore in Q2-2015 as compared to the Rs 23.72 crore in Q1-2015 and more than double (up 2.4 times) the Rs 10.38 crore in Q2-2014. For HY-2015, HT Media’s digital segment reported a 39.6 per cent growth in revenue to Rs 48.65 crore versus the Rs 34.86 crore in HY-2014. This segment has been regularly reporting loss. Loss is Q2-2015 was Rs 14.7 crore; for Q1-2015 loss was Rs 12.19 crore; for Q2-2014 loss was Rs 10.29 crore. For HY-2015, HT Media’s digital segment reported loss of Rs 26.89 crore versus Rs 27.33 crore in HY-2014.
Speaking about the performance this current quarter, HT Media chairperson and editorial director Shobhana Bhartia said, “We are glad to report a stable growth in operating revenue and profit this quarter on the back of increased advertising volumes and yields for most of our dailies. Our growth initiatives in Mumbai and UP continue to deliver results.”
“Our digital businesses have shown robust growth and our radio business continues to outperform. We remain optimistic on the medium term outlook for HTML as the economy revives and industrial growth gets back on track. We believe there will be significant opportunities for the company as the economic environment improves,” he added.
