UTV Software Communications’ FY11 PAT rises 174%

MUMBAI: UTV Software Communications’ PAT (Profit after Tax) has gone up by 174 per cent to Rs 1,376 million for the year ended 31 March, 2011 as compared to year ended 31 March, 2010. PAT for the previous fiscal included approximately Rs 270 million as a one-time Deferred Tax benefit.

The company’s operating revenues reported growth of 39% to Rs 9,468 million, whereas EBIT reported a growth of 179% to Rs 1,723 million.

The capital employed includes Cash and Cash equivalents of Rs 800 million, which forms part of the company’s treasury. As of 31 March, 2011, net debt for the company stands at Rs 8,191 million.

UTV’s movies division continued its strong performance in FY11 with three releases in Q4 including No One Killed Jessica, Saat Khoon Maaf and Dhobi Ghat. This year started with a box office winner Rajneeti. The movies division continued its focus on derisking and realized a large portion of revenues from pre-sales. The movies segment ended the year with revenue of Rs 4,544 million, an increase of 44%, from Rs 3,154 million in the same period of last fiscal.

Games and Interactive Segment

The Games and Interactive segment reported increase in revenues to Rs 1,201 million from Rs 1,070 million in the same period last fiscal. The segment contributed to approximately 13% of the operating revenues of the company for the year ended March 2011.

Television Segment

During the year, UTV’s TV segment reported an increase of 43% in revenue to Rs 3,558 million from Rs 2,490 million in the same period last fiscal. The contribution from this segment for the year ended 31 March, 2011 was 38% of UTV’s consolidated revenues.

Air Time Sales

During the quarter, UTV managed a monthly average of approximately 97 hours of content under management across all leading South Indian channels such as SunTV, GeminiTV, SuryaTV and UdayaTV. Currently the AnS business has 10 shows running across the South channels including the No 1 Daily on Sun TV and the No 1 Weekly on Sun TV.

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