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Analyst Meet / AGM
02-Jun-06
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Analyst Meet
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TV Today
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Possibly by the end of FY07 Aaj Tak would become a pay channel both in cable network & DTH network
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TV Today held a conference call to discuss the company's quarterly and year-ended results and the future growth plans. The conference call was addressed by Sanjay Jain & G Krishnan.
Highlights of the Meet
Financial Highlights
- For the quarter ended March 31, 2006, TV Today standalone reported 24% growth in sales to Rs 48.78 crore. The operating margins improved by 730 basis points to 38.7%. The resultant profit grew by 53% to Rs 18.88 crore. Other Income grew 73% to Rs 2.66 crore with Interest cost increasing by 22% to Rs 0.03 crore & depreciation cost increasing by 8% to Rs 4.5 crore, PBT grew by 76% to Rs 17.01 crore. Post tax provision for Rs 5.71 crore & FBT of Rs 0.27 crore, PAT grew by 67% to Rs 11.03 crore.
For the year ended March 31, 2006, TV Today standalone reported 15% growth in sales to Rs 159.55 crore. The operating margins improved by 810 basis points to 32.6%. The resultant profit grew by 53% to Rs 52.03 crore. Other Income grew 13% to Rs 8.34 crore with Interest cost increasing by 16% to Rs 0.11 crore & depreciation cost increasing by 11% to Rs 17.64 crore, PBT grew by 67% to Rs 42.62 crore. Post tax provision for Rs 13.72 crore & FBT of Rs 1.13 crore PAT grew by 69% to Rs 27.77 crore.
Other Highlights
- Aaj Tak currently holds a market share of 24.3% & is the leading Hindi news channel.
- The company is launching a new city channel named "Delhi Aaj Tak" on May 29, 2006.
- Cash Balance for the year ended March 31, 2006 was about Rs 10 crore.
- Possibly by the end of FY07 Aaj Tak would become a pay channel both in cable network & DTH network.
- The company is planning to hike its advertising rates in June 2006. Earlier it raised its advertising rates in Jan 2005 by 15%, June 2005 by 20% above January 2005 rates, January 2006 by 3-4% above June 2005 rates.
- The company is planning to tap the markets in Canada, Europe & South Africa.
- The company has a capex plan of Rs 25-30 crore of which 70% will go for Aaj Tak Delhi & the balance in current channels.
- No channels will come up in the current year other than Aaj Tak Delhi.
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