BCCL reports consolidated net loss of Rs 451.63 crore in FY20

The Times group owned by Bennett Coleman and Company Ltd (BCCL) has posted a consolidated net loss of Rs 451.63 crore for the fiscal ended March 31, 2020, compared to a net profit of Rs 484.27 crore of the previous fiscal.

As per data from business intelligence platform Tofler, BCCL’s revenue from the sale of publications declined to Rs 629.96 crore from Rs 656.09 cror while the Television distribution revenue marginally increased to Rs 40.17 crore from Rs 36.29 crore.

Times of India is the largest circulated newspaper in India. The groups own some popular TV channels like Movies now, MNX, Romedy now, Times now, Mirrors now ET now. The company’s print business comprises of Times of India and Economic Times in English, Navbharat Times in Hindi, Maharashtra Times in Marathi, Vijay Karnataka in Kannada, and EiSamay in Bengali. The group also publishes magazines like Filmfare and Femina.

The report which Tofler share talked about, the company’s advertisement revenue has shrunk to Rs 5,367.88 crore from Rs 6,155.32 crore. Revenue from the sale of publications declined to Rs 629.96 crore from Rs 656.09 crore. Television distribution revenue marginally increased to Rs 40.17 crore from Rs 36.29 crore. Revenue from web portal and support services stands at Rs 284.95 crore as against Rs 226.42 crore.

Whereas, the sale of traded products has jumped to Rs 1,787.10 crore from Rs 1,379.94 crore. Other operating revenues came in at Rs 1,144.47 crore compared to Rs 1,157.36 crore.

The total expenses have jumped to Rs 9,911.05 crore from Rs 9,552.13 crore. Employee benefits expense stood at Rs 2,767.55 crore compared to Rs 2,562.93 crore. While the cost of materials consumed dipped to Rs 1,277.02 crore from Rs 1,694.66 crore, other expenses climbed to Rs 4,493.91 crore from Rs 4,053.59 crore.

In terms of segments, the company’s revenue from the print segment plunged to Rs 5,627.12 crore from Rs 6,259.89 crore. Revenue from the television segment jumped to Rs 826.32 crore from Rs 711.90. Internet segment reported revenue of Rs 1,200.34 crore compared to Rs 1,180.41 crore. Revenue from ‘others’ segment increased to Rs 1,600.75 crore from Rs 1,459.22 crore.

The company’s profit before tax from the print business fell to Rs 1,005 crore from Rs 1,136.34 crore. The television business posted a profit before tax of Rs 16.41 crore against a loss before tax of Rs 33.63 crore.

The loss before tax from the internet business swelled to Rs 837.72 crore from Rs 550.66 crore. The ‘others’ segment reported loss before tax of Rs 344.60 crore as against a profit before tax of Rs 214.28 crore.

Sandip Ginodia , CEO

ALTIUS INVESTECH PVT LTD

We deal in over 60 unlisted companies with 15 years of experience

For latest prices visit : www.abhisheksecurities.com/unlisted.htm / call : 09830271248 .

Email : ginodiasandip1@gmail.com

Reliance's JioMart is averaging half a million orders per day; WhatsApp driving growth

JioMart , Reliance's online-to-offline commerce platform that launched in May , has scaled up rapidly, riding on the pandemic-fuelled digital acceleration. The service, which went live in 200 cities across India, is currently processing an average of 500,000 orders per day. " We can go even higher on peak days", Jio Platforms CEO Kiran Thomas revealed at the Facebook for Fuel India 2020 event. He said, "JioMart is empowering millions of kiranas and small merchants through the simple and secure platform of WhatsApp, and linking them to Reliance Retail's pan-India supply chain. We expect to grow manifold in future, and are optimistic about enabling new cohorts of users and making it easier for them to shop for daily essentials." "Customers are transacting seamlessly on JioMart and the conversational nature of the service enabled by WhatsApp has made people adapt to it intuitively," he added. Reliance also stated that it will continue t

Stock broker SMC Global files for IPO

F inancial services company SMC Global Securities has filed draft red herring prospectus with SEBI for public issue of 1,58,67,380 equity shares of face value of Rs 2 each. The issue comprises a fresh issue of 79,33,690 equity shares by the company and an offer for sale of 79,33,690 shares by Millennium India Acquisition Company Inc. As of September 30, 2012, "We service our broking clients through a network of 43 branches and 2,521 registered sub-brokers and authorized persons spread in more than 500 cities and towns. We have also established an office in Dubai for brokerage and trading activities in that region," the company said. SMC has reported a loss of Rs 0.42 crore and total revenues of Rs 292.24 crore in the year ended March 31, 2012. "The proceeds of the fresh issue shall be utilised for margin maintenance with stock exchanges; part repayment of term loan; investments into subsidiary, SMC Comtrade; and general corporate purposes," according to p

TCS merger with TCS e serve

The board of Tata Consultancy Services (TCS) in its meeting on 18 October 2012 has approved the composite scheme of arrangement between TCS, TCS e-Serve (e-Serve) and TCS e-Serve International (TEIL). The composite scheme of arrangement provides for merger of e-Serve into TCS and demerger of TEIL's special economic zone (SEZ) undertaking(s) to TCS. The appointed date proposed for this scheme is 01 April 2013. TCS holds 96.26% of the paid up equity share capital of e-Serve. TEIL is a wholly owned subsidiary of e-Serve. As per the terms of the scheme of arrangement, shareholders of e-Serve (other than TCS) will receive 13 equity shares of Re 1 each of TCS for every 4 equity shares of Rs 10 each of e-Serve held by them. The board has approved the scheme of merger of Computational Research Laboratories (CRL) and Retail FullServe (RFL) with TCS. The proposed appointed date for the merger of CRL is 01 October 2012 and for the merger of RFL is 01 April 2012. Computational Res

Abhishek Securities

Search This Blog