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Earnings: UTV Interactive Clocks Revenues Of Rs. 10.04 Crores

UTV reported Interactive revenues of Rs. 10.04 crore for the quarter ended September 30 2007, up from Rs. 8.54 for the same quarter last year. EBITDA for the quarter was Rs. 54 lakhs, down from Rs. 3.75 crores for Q206. UTV Interactive includes earnings from the companys Gaming, Animation, Post-Production and SFX businesses. Half yearly Interactive revenues stood at Rs.30.66 crores, up from Rs. 12.09 crores for the same period last year, while EBITDA was Rs. 5.81 crores, up from Rs. 3.8 crores last year.

Ronnie Screwvala, CEO of UTV said in the release that the company expects its Interactive acquisitions (Ignition and Indiagames) to have an impact on earnings by Q4 of this financial year. He told CNBC-TV18 in an interview that considering a year-end topline of Rs 400 crores, Screwvala expects gaming to contribute Rs. 75 crores; games and motion pictures are giving UTV the best margins. The current Interactive revenues do not include those from Indiagames, which UTV had acquired last December, though the company spokesperson informs us that Indiagames revenues will be reflected in the consolidated earnings starting with the next quarter.

For the quarter, the company posted a consolidated net profit of Rs 17.5 crores, up from Rs. 4 crore for the same quarter last year.
Financials | Release | Interview