Entertainment Network (India) Limited
Registered Office: 4th Floor, A-Wing, Matulya Centre, Senapati Bapat Marg, Lower Parel (West), Mumbai 400 013.
Tel: 022 6662 0600. Fax: 022 6661 5030. E-mail: [email protected]. Website: www.enil.co.in
Corporate Identity Number: L92140MH1999PLC120516
STATEMENT OF STANDALONE AND CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED DECEMBER 31, 2015
( ` in Lakhs)
PART I
3 Months
ended
31.12.2015
3 Months
ended
30.09.2015
Standalone
3 Months
9 Months
ended
ended
31.12.2014
31.12.2015
(Unaudited)
9 Months
ended
31.12.2014
Year
ended
31.03.2015
(Audited)
3 Months
ended
31.12.2015
Consolidated
3 Months
ended
31.12.2014
(Unaudited)
3 Months
ended
30.09.2015
9 Months
ended
31.12.2015
9 Months
ended
31.12.2014
Year
ended
31.03.2015
(Audited)
1 Income from operations:
14,128.15
229.27
14,357.42
11,542.96
83.93
11,626.89
11,666.36
12.36
11,678.72
35,525.97
614.79
36,140.76
31,248.78
155.66
31,404.44
43,316.69
531.04
43,847.73
a) Net Sales / Income from operations
b) Other operating income
Total Income from operations (net)
477.03
686.69
2,470.20
889.96
3,178.20
2,571.07
10,273.15
421.75
783.42
2,167.40
1,029.35
1,546.56
3,136.65
9,085.13
395.52
584.44
2,120.56
832.63
2,046.74
2,072.40
8,052.29
1,276.36
1,981.24
6,847.17
2,738.12
5,853.30
8,099.11
26,795.30
1,105.13
1,575.86
6,177.62
2,468.00
4,418.63
7,049.64
22,794.88
1,528.39
2,179.01
8,275.57
3,287.36
7,575.54
9,755.32
32,601.19
a)
b)
c)
d)
e)
f)
4,084.27
2,541.76
3,626.43
9,345.46
8,609.56
11,246.54
298.84
4,383.11
0.02
4,383.09
4,383.09
1,683.76
2,699.33
2,699.33
2,699.33
4,767.04
-
1,222.88
3,764.64
0.18
3,764.46
3,764.46
1,066.94
2,697.52
2,697.52
2,697.52
4,767.04
-
832.28
4,458.71
0.04
4,458.67
4,458.67
1,172.89
3,285.78
3,285.78
3,285.78
4,767.04
-
2,441.53
11,786.99
0.36
11,786.63
11,786.63
3,801.65
7,984.98
7,984.98
7,984.98
4,767.04
-
2,370.21
10,979.77
2.98
10,976.79
10,976.79
2,931.43
8,045.36
8,045.36
8,045.36
4,767.04
-
3,217.75
14,464.29
3.36
14,460.93
14,460.93
3,863.73
10,597.20
10,597.20
10,597.20
4,767.04
62,690.71
5.66
5.66
5.66
5.66
6.90
6.90
16.75
16.75
16.88
16.88
22.23
22.23
5.66
5.66
5.66
5.66
6.90
6.90
16.75
16.75
16.88
16.88
22.23
22.23
14,128.15
229.27
14,357.42
11,542.96
84.26
11,627.22
11,666.36
12.36
11,678.72
35,525.97
615.12
36,141.09
31,248.78
155.66
31,404.44
43,316.69
531.04
43,847.73
477.03
686.69
2,470.20
889.94
3,178.20
2,571.57
10,273.63
421.75
783.42
2,167.40
1,029.33
1,546.56
3,137.06
9,085.52
395.52
584.44
2,120.56
832.60
2,046.74
2,073.46
8,053.32
1,276.36
1,981.24
6,847.17
2,738.05
5,853.30
8,100.69
26,796.81
1,105.13
1,575.86
6,177.62
2,467.92
4,418.63
7,055.05
22,800.21
1,528.39
2,179.01
8,275.57
3,287.26
7,575.54
9,764.36
32,610.13
4,083.79
2,541.70
3,625.40
9,344.28
8,604.23
11,237.60
298.85
4,382.64
0.02
4,382.62
4,382.62
1,683.76
2,698.86
2,698.86
2,698.86
4,767.04
-
1,223.08
3,764.78
0.18
3,764.60
3,764.60
1,067.32
2,697.28
2,697.28
2,697.28
4,767.04
-
832.33
4,457.73
0.04
4,457.69
4,457.69
1,174.19
3,283.50
3,283.50
3,283.50
4,767.04
-
2,442.06
11,786.34
0.36
11,785.98
11,785.98
3,802.03
7,983.95
7,983.95
7,983.95
4,767.04
-
2,380.03
10,984.26
3.07
10,981.19
10,981.19
2,932.66
8,048.53
8,048.53
8,048.53
4,767.04
-
3,228.15
14,465.75
4.30
14,461.45
14,461.45
3,863.75
10,597.70
10,597.70
10,597.70
4,767.04
62,699.40
5.66
5.66
5.66
5.66
6.88
6.88
16.75
16.75
16.88
16.88
22.23
22.23
5.66
5.66
5.66
5.66
6.88
6.88
16.75
16.75
16.88
16.88
22.23
22.23
2 Expenses:
Programming & Royalty expenses
License fees
Employees benefit expense
Depreciation & amortisation expense
Marketing expense
Other expenses
Total expenses [sum of a) to f)]
3 Profit / (Loss) from operations before other income, finance cost and exceptional items (1-2)
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19 (i)
a)
b)
19 (ii)
a)
b)
Other income
Profit / (Loss) from ordinary activities before finance cost and exceptional items (3+4)
Finance costs
Profit / (Loss) from ordinary activities after finance costs but before exceptional items (5-6)
Exceptional items
Profit / (Loss) from ordinary activities before tax (7+8)
Tax expense (net)
Net Profit / (Loss) from ordinary activities after tax (9-10)
Extraordinary items (net of tax expense)
Net Profit / (Loss) for the period (11+12)
Share of Profit / (Loss) of associates
Minority interest Profit / (Loss)
Net Profit / (Loss) after taxes, minority interest and share of profit / (loss) of associates (13+14-15)
Paid-up Equity Share Capital (Face value per share `10)
Reserves excluding Revaluation Reserves as per balance sheet
Earnings per Share (EPS) before extra-ordinary items (of `10
` each)
Basic Rs.
Diluted Rs.
Earnings per Share (EPS) after extra-ordinary items (of `10 each)
Basic Rs.
Diluted Rs.
See accompanying note to the financial results
1. The Company is engaged in only one segment i.e. Media and Entertainment. Consequently, there is no other reportable segment. The Company primarily caters to the domestic market and hence there are no reportable geographical segments.
2. The consolidated results include results of the Company's subsidiary Alternate Brand Solutions (India) Limited (ABSL) which is consolidated in accordance with Accounting Standard 21.
3. The above results were reviewed by the Audit Committee and were thereafter approved by the Board of Directors at their meeting held on February 08, 2016. The above standalone and consolidated financial results for the quarter and nine months ended December 31, 2015 have been subject to a "Limited Review"
by the statutory auditors of the Company, as per the listing agreement entered into with the stock exchanges in India.
4. In February 2015, the Company had entered into a non-binding memorandum of understanding with TV Today Network Limited ("TVTN") for purchase of seven radio stations from TVTN. On July 22, 2015 the Company received the approval from the Ministry of Information and Broadcasting (“MIB”), Government of
India to purchase TVTN’s four radio stations in Amritsar, Jodhpur, Patiala and Shimla. The Company completed the acquisition on September 19, 2015. The Company also paid the migration fees to the MIB for these four stations in order to migrate from Phase 2 to Phase 3. As regards the remaining three stations
viz. Mumbai, Delhi and Kolkata, the MIB declined to grant its approval. The Company and TVTN have appealed against the MIB decision before the Hon’ble Delhi High Court. The next court hearing in respect of the appeal is scheduled for February 10, 2016.
5. During the quarter ended September 2015, the Company had exercised the option to migrate 35 out of its 36 stations (including the four stations acquired from TVTN) from Phase 2 to Phase 3 for which the gross migration fee was `36,558.51 Lakhs and the net migration fee after taking into account the residual
value of the Phase 2 licenses was `34,082.48 Lakhs. Further, the Company also won 17 new licenses in the Phase 3 auctions which was concluded in the previous quarter. The Company has paid `33,924.24 Lakhs Non-refundable One Time Entry Fees (“NOTEF”) for these stations. Out of `33,924.24 Lakhs,
`8,481.06 Lakhs was paid during the quarter ended September 2015. Balance NOTEF was paid during the current quarter. The NOTEF was partially funded through borrowings. All the Phase 3 licenses have a tenure of 15 years from the date of operationalization of such licenses.
6. Previous period / year figures have been reclassified to conform with current period / year presentation, where applicable.
Place: Mumbai
Date: February 08, 2016
Prashant Panday
Managing Director & CEO
DIN: 02747925
entertainment network (India) limited
Trade Gardens, Ground Floor, Kamala Mills Compound, Senapati Bapat Marg, Lower Parel (West),
Mumbai 400 013, India. Tel: 022 6753 6983. Fax: 022 6753 6800
Corporate Office:
February 8, 2016
BSE Limited,
Corporate Relationship Dept.,
P. J. Towers, Dalal Street,
Mumbai - 400 001.
National Stock Exchange of India Limited,
Exchange Plaza, Bandra Kurla Complex,
Bandra- (East),
Mumbai – 400 051.
BSE Scrip Code: 532700/ Symbol: ENIL
Dear Sirs,
Pursuant to the Regulations 30, 33 and other applicable regulations of the Securities
and Exchange Board of India (Listing Obligations and Disclosure Requirements)
Regulations, 2015 [‘Listing Regulations], we are forwarding herewith the unaudited
financial results of the Company for the quarter and nine months ended December 31,
2015, which have been considered, approved and taken on record by the Board of
Directors of the Company, at their meeting held on February 8, 2016.
Pursuant to the Regulation 33 of the Listing Regulations, we are also forwarding
herewith a copy of the Limited Review Report relating to the aforesaid financial results,
duly reviewed by the Auditors of the Company.
Kindly place the same on your record.
In the event of any query, kindly feel free to call Mehul Shah on 9819701671.
Thanking you,
Yours truly,
For Entertainment Network (India) Limited
Prashant Panday
Managing Director & CEO
DIN: 02747925
Encl: a/a
: ‘A’ Wing, Matulya Centre, Senapati Bapat Marg, Lower Parel (West),Mumbai – 400 013, India.
Tel: 022 6662 0600. Fax: 022 6661 5030. E-mail: [email protected] www.enil.co.in
Corporate Identity Number: L92140MH1999PLC120516
Regd. Office