United States : UTV Software Communications reported revenues of Rs. 237.7 crores in Q2 FY10.Byline: deepak Deepak (दीपक) is a Sanskrit word meaning lamp, or source of light. In the twentieth century, it became very popular as a first name for male Hindus. 03 UTV UTV Ulster Television UTV Utility Terrain Vehicle UTV Unmanned Transport Vehicle Software Communications Limited operates in the verticals of Television, Movies, Broadcasting, Gaming and New Media and is thus close to achieving the status of a 3600 media company. Walt Disney Noun 1. Walt Disney - United States film maker who pioneered animated cartoons and created such characters as Mickey Mouse and Donald Duck; founded Disneyland (1901-1966) Disney, Walter Elias Disney , which is a leading global player in the Media and Entertainment (M&E) Industry, holds 60% stake in UTV. Quarterly Results - Revenues in line and profits above our Expectations - UTV declared its Q2FY10 results which were above our expectations on the profitability front. The company reported revenues of Rs. 237.7 crores in Q2FY10 as against Rs. 170.9 crores in Q2FY09 a rise of 39.1% on a YoY basis and Rs. 115.4 crores in Q1FY10, a 106.0% rise on a QoQ basis. This was mainly because in Q1FY10 there was a standoff stand·off n. 1. A tie or draw, as in a contest. 2. A situation in which one force neutralizes or counterbalances the other. 3. A standoff insulator. adj. Standoffish. between Producers and multiplex See multiplexing. chains and so there were no movie releases, whereas in Q2FY10 UTV had nine releases including three Disney productions as part of the exclusive distribution deal with Disney. - The company reported EBIDTA EBIDTA Earnings Before Interest Depreciation Taxes and Amortization of Rs. 21.5 crores in Q2FY10 as compared to a marginal loss of Rs. 0.1 crores in Q2FY09 and a loss of Rs. 32.9 crores in Q1FY10. - The company reported net profits to the tune of Rs. 8.3 crores in Q2FY10 as compared to net profit of Rs. 25.1 crores in Q2FY09 a fall of 67% and a loss of Rs. 23.3 crores in Q1FY10. Better revenues and higher profits lead to rise in the margins on the operating as well as PAT levels - The revenues of the company were higher due to a slew of movies being released in Q2FY10. The company also distributed three movies of Disney productions viz viz - A visual language for specification and programming. ["viz: A Visual Language Based on Functions", C.M. Holt, 1990 IEEE Workshop on Visual Langs, Oct 1990, pp.221-226]. . The Proposal, Race to Witch Mountain and Up. The gaming segment contributed 25% to the revenues. The company had new launches picking up demand in the market, thus resulting in higher revenues. - The gaming segment has become EBIDTA positive in Q2FY10 generating margins to the tune of 17.1%. The movies segment which constitutes around 55% of the overall revenues has generated margins to the tune of 22.8% thus increasing the overall profitability of the business. - Out of the 5 business verticals, Broadcasting and New Media are still in the investment mode impacting the overall margins. Thus the company had EBIDTA margins of 9% and PAT margins of 4.4%. Copyright : Euclid Infotech Pvt. Ltd. Provided by Syndigate.info an Albawaba.com company |
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