BENGALURU: B. A. G. Films and Media Limited (B. A. G. Films) FM radio segment reported 25.9 percent YoY operating revenue growth for the quarter ended 30 September, 2015 (Q2-2016, current quarter) at Rs 2.22 crore (8.9 percent of Total Income from Operations or TIO) as compared to Rs 1.77 crore (5.1 percent of TIO). The FM radio segment’s operating revenue in the current quarter also increased 40.8 percent QoQ from Rs 1.58 crore (6.1 percent of TIO). B. A. G. Films launched its FM radio network, Dhamaal 24 (106.4 FM) in 2005. The radio network operates 10 radio stations in India.
The FM radio segment reported almost threefold (up 2.9 times) operating profit in the current quarter at Rs 0.73 crore as compared to the Rs 0.25 crore in the corresponding year ago quarter. The segment had reported an operating loss of Rs 0.24 crore in the immediate trailing quarter.
B. A. G. Films other major segment, Television Broadcasting (TV segment) reported 2 percent YoY growth in segment revenue at Rs 21.66 crore (86.8 percent of TIO) as compared to the Rs 21.22 crore (64.7 percent of TIO) and a 4.7 percent QoQ revenue growth from Rs 20.69 crore (79.7 percent of Total Income from Operations or TIO).
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B. A. G. Films TV segment reported 14.2 percent YoY drop in operating profit at Rs 5.07 crore as compared to the Rs 5.91 crore and a 37.3 percent QoQ drop from Rs 8.08 crore.
B. A. G. Films TIO in the current quarter at Rs 24.94 crore dropped 23.9 percent YoY as compared to the Rs 32.80 and dropped 3.9 percent from Rs 25.96 crore in the immediate preceding quarter.
B. A. G. Films reported a higher loss of Rs 3.66 crore in the current quarter as compared to the Rs 2.93 crore in the corresponding year ago quarter and a loss of Rs 1 crore in Q1-2016.
The company’s simple EBIDTA calculated without including other income in the current quarter at Rs 3.93 crore (15.8 percent margin) declined 9.3 percent as compared to the Rs 4.34 crore (13.2 percent margin) in Q2-2015 and was 35.1 percent lower than the Rs 6.06 crore (23.3 percent margin) in Q1-2016.
B. A. G. films total expenditure in the current quarter at Rs 24.62 crore (98.7 percent of TIO) was 23.7 percent lower than the Rs 32.27 crore (98.4 percent of TIO), but increased 4 percent QoQ from Rs 23.67 crore (91.2 percent of TIO).
Employee cost in Q2-2016 at Rs 4.82 crore (19.3 percent of TIO) increased 1.5 percent YoY from Rs 4.75 crore (14.5 percent of IO) and was 1.7 percent more than Rs 4.74 crore (18.2 percent of TIO) in Q1-2016.
The company has mentioned five segments in its financial results. They are Audio-Visual Production (AVP); Movies: Leasing; FM Radio; and Television Broadcasting. While B. A. G. Films Movies segment made no contribution to the company’s revenue or operating results in the current quarter, Q2-2015 or Q1-2016, FM Radio and TV Broadcasting segment numbers have already been mentioned above.
AVP segment reported a 78.3 percent decline in revenue in Q2-2016 at Rs 1 crore as compared to the Rs 4.60 crore in Q2-2015 and 72.2 percent decline from Rs 3.60 crore in Q1-2016. The segment reported an operating loss of Rs 0.66 crore in the current quarter as compared to an operating profit of Rs 1.98 crore in Q2-2015 and an operating profit of Rs 2.24 crore in Q1-2016.
B. A. G. Films leasing segment reported revenue of just Rs 6.95 lakh in the current quarter as compared to the Rs 15.65 lakh in Q2-2015 and Rs 9.97 lakh in the preceding quarter. The segment reported an operating loss of Rs 82.63 lakh in Q2-2016 as compared to an operating loss of Rs 88.64 lakh in the corresponding year ago quarter and an operating loss of Rs 93.20 lakh in the immediate trailing quarter.
