BENGALURU: Next Mediaworks Ltd reported consolidated EBIDTA growth of 14.05 per cent YTD to Rs.13.15 crores in Q3-2014 as compared to the Rs.11.53 crores in the corresponding nine month period ended December 31, 2012. Next Mediaworks Ltd's EBIDTA grew 17.8 per cent to Rs.5.15 crores as compared to the Rs.4.38 crores in the immediate trailing quarter.
However, its consolidated EBIDTA for Q3-2014 was down by (-5.84) per cent as compared to the Rs.5.48 crores during the corresponding quarter of last fiscal. Next Mediaworks Ltd's EBIDTA was Rs.16.36 crores during FY-2013.
Note: All figures are consolidated figures; please refer to the financial statement attached with this report.
The company reported a PAT of Rs.0.14 crores for Q3-2014, which was less than half (lower by 53.33 per cent) than the slightly larger PAT of Rs.0.30 crores during the corresponding period of last year. However, the company can take some comfort from the fact that during the immediate trailing quarter, it had reported a loss of Rs. (-0.68) crores. Loss during the 9 month period ended December 31, 2013 at Rs. (-1.03) crores was less than a third (32.63) per cent of the loss of Rs. (-3.31) crores in the corresponding period of last year.
Let us look at the other figures reported by Next Mediaworks Ltd for Q3-2014.
Operating Income for Q3-2014 grew 7.64 per cent to Rs.15.22 crores as compared to the Rs.14.14 crores in Q2-2014 and was up 10.29 per cent as compared to the Rs.13.8 crores in Q3-2013. YTD, its operating revenue at Rs.43.29 crores was up 15.84 per cent as compared to the Rs.37.37 crores during the corresponding nine month period of the last fiscal. Its Operating Income for FY-2013 was Rs.50.41 crores.
Next Mediaworks' total expense for Q3-2014 at Rs.13.16 crores was 2.57 per cent more than the Rs.12.83 crores in Q2-2014 and 11.05 per cent more than the Rs.11.85 crores in Q3-2013. For the nine month period ended 31 December 2013, Next Mediaworks Ltd's reported total expense of Rs.39.38 crores which was 7.51 per cent more than the Rs.36.63 crores in the corresponding nine month period of last year. Next Mediaworks' total expense for FY-2013 was Rs.48.21 crores.
The company spent Rs.1.40 crores during Q3-2014, which was 1.43 per cent more than the Rs.1.38 crores during Q2-2014 towards royalty and licensing fees. Its Q3-2014 expense towards this head was 5.26 per cent more than the Rs.1.33 crores during Q3-2013. YTD it spent the same amount at Rs.4.18 crores during the current year's nine month period as well as the corresponding nine month period of last fiscal. During FY 2013, Next Mediaworks spent Rs.5.53 crores towards royalty and licensing fees.
Next Mediaworks Ltd's employee benefit expense at Rs.3.22 crores in the current quarter was (-5.29) per cent lower than the Rs.3.40 crores in the immediate trailing quarter (Q2-2014) but 13.38 per cent higher than the Rs.2.84 crores in Q3-2013. YTD, Next Mediaworks' employee benefit expense at Rs.10.24 crores was 15.06 per cent more than the Rs.8.9 crores during the corresponding nine month period of last fiscal. For FY-2013, Next Mediaworks' employee cost was Rs.11.73 crores.
Next Mediaworks Ltd's advertising and marketing spend in Q3-2014 at Rs.0.60 crores was almost double (81.82 per cent more) the Rs.0.33 crores in Q2-2014 and 17.65 per cent more than the Rs.0.51 crores in Q3-2013. During the nine month period ended 31 December 2013, Next Mediaworks' advertising and marketing spend was Rs. 1.74 crores which was 18.37 per cent more than the Rs. 1.47 crores during the corresponding period of last year. During FY-2013, Next Mediaworks spent Rs. 1.88 crores towards this expense head.