BENGALURU: TV Today Network Limited (TVTN), a part of the India Today group reported 5.02 times growth in standalone PAT in FY-2014 to Rs.61.32 crores (15.75 per cent of Income from Operations or Op Inc) as compared to the Rs.12.21 crores (3.9 per cent of Op Inc) in FY-2013. In Q4-2014, the company reported PAT of 15.85 crores (16.28 per cent of Op Inc), which was (-23.21) per cent lower than the Rs.20.65 crores(18.53 per cent of Op Inc) in the immediate trailing quarter Q3-2014 and almost two and a half times (2.49 times) the PAT of Rs.6.36 crores (7.54 per cent of Op Inc) in Q4-2013.

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

TVTN’s Radio Broadcasting segment (Oye! FM) under the brand Oye! FM reported a (-15.41) per cent reduction in operating loss to Rs.(-11.24) crores in FY-2014 as compared to the Rs.(-13.24) crores in FY-2013. However, Oye! FM’s Q4-2014 loss at Rs(-4) crores was 35.86 per cent more than the Rs.(-2.90) crores in Q3-2014 and 45.98 per cent more than the Rs.(-2.74) crores in Q4-2013.

Let us look at some of the other numbers reported by TV Today for FY-2014 and Q4-2014

TVTN reported 24.56 per cent higher Op Inc at Rs.389.44 crores in FY-2014 as compared to the Rs.312.67 crores in FY-2013. Op Inc for Q4-2014 at Rs.97.41 crores was (-12.57) per cent lower than the Rs.111.42 crores in Q3-2014 and 15.59 per cent more than the Rs.84.27 crores in Q4-2013.

Total Expense in FY-2014 at Rs.304.35 crores (78.15 per cent of Op Inc) was 2.29 per cent more than the Rs.297.55 crores (95.16 per cent of Op Inc) in FY-2013. In Q4-2014, Total Expense at Rs.77.31 crores (79.36 per cent of Op Ic) was (-5.99) per cent less than the Rs.82.23 crores (73.9 per cent of Op Inc) in Q3-2014 and (-0.74) per cent lower than the Rs.77.89 (92.43 per cent of Op Inc) crores in Q4-2013.

Major expense heads include Employee Benefits Expense (EBE), which at Rs.92.97 crores(23.87 per cent of Op Inc) in FY-2014 was (-0.12) per cent lower than the Rs.93.09 crores (29.77 per cent of Op Inc) in FY-2013. Q4-2014 EBE at Rs.21.67 crores (22.25 per cent of Op Inc) was (-12.85) per cent lower than the Rs.24.87 crores (22.32 per cent of Op Inc) in Q3-2014 and (-6.05) per cent lower than the Rs.23.07 crores (27.38 per cent of Op Inc) in Q4-2013.

Production Costs at Rs.40.85 crores (10.49 per cent of Op Inc) was 9.16 per cent more than the Rs.37.42 crores (11.97 per cent of Op Inc) in FY-2013. In Q4-2013, Production cost at Rs.12.91 crores (13.25 per cent of Op Inc) was 18.93 per cent more than the Rs.10.85 crores (9.74 per cent of Op Inc) and 24.57 per cent more than the Rs.10.36 crores (12.29 per cent of Op Inc) in Q4-2013.

Other Expense in FY-2014 at Rs.60.61 crores (15.56 per cent of Op Inc) was 7.04 per cent more than the Rs.56.62 crores in FY-2013. During Q4-2014, Other expense at Rs.19.27 crores (17.30 per cent of Op Inc) was 24.52 per cent higher than the Rs.15.48 crores (13.89 per cent of Op Inc) in Q3-2014 and 29.38 per cent more the Rs.14.90 crores (17.68 per cent of Op Inc).

Segment Revenue

Two segments – TV Broadcasting (TV) and FM Radio Broadcasting (Radio) contribute to TVTN’s revenues.

TV segment reported 23.58 per cent growth in Operating revenue to Rs.374.06 crores in FY-2014 as compared to the Rs.302.69 crores in FY-2013. TV’s Operating revenue in Q4-2014 at Rs.93.50 crores was (-12.66) per cent lower than the Rs.107.06 crores in Q3-2014 and 14.54 per cent more than the Rs.81.63 crores in Q4-2013.

TV segment reported Operating profit of Rs.103.75 crores in FY-2014, more than triple (3.16 times) the Rs.32.79 crores in FY-2013. TV segment’s Operating profit in Q4-2014 at Rs.27.55 crores was (-18.36) per cent lower than the Rs.33.75 crores in Q3-2014 and more than double (2.36 times) the Rs.11.69 crores in Q4-2013.

Radio segment reported Operating revenue of Rs.15.38 crores which was 54.17 per cent more than the Rs.9.98 crores in FY-2013. Operating revenue for the segment in Q4-2014 at Rs.3.91 crores was (-10.36) per cent lower than the Rs.4.37 crores in Q3-2014 and 48.11 per cent more than the Rs.2.64 crores in Q4-2013. Radio results have been mentioned above.

Presently, TVTN runs for 24 hours news and current affairs television channels, namely Aaj Tak, Dilli Aaj Tak and Tez in Hindi and Headlines Today in English and six FM radio stations in Delhi, Kolkata, Amritsar, Patiala, Jodhpur and Mumbai under the name Oye! 104.8 FM.