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

HDFC Life inks distribution tie-up with Catholic Syrian Bank

HDFC Life has entered into a bancassurance (the selling of life assurance and other insurance products and services by banking institutions) tie-up with Catholic Syrian Bank to distribute its individual life insurance products to the private lender’s customers. HDFC Life will offer its leading range of individual life insurance, health and pension products to the Catholic Syrian Bank’s 1.5 million customer base across all its branches over a period of time. Sandip Ginodia , Director A LTIUS INVESTECH PVT LTD | ABHISHEK SECURITIES 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

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...

NBI Industrial Finance Limited

NBI Industrial Finance Limited , Strand Road, Kolkata-700001 NBI Industrial Finance Limited was originally incorporated in Lahore in 1935 as The New Bank of India Limited. Dr. Ganeshi Lal Aggarwal and Mr. Kohli were the original promoters. After 1947 the Registered office was shifted to New Delhi. To provide for the losses due to partition the face value of the share was reduced from Rs. 10 to Rs. 5 . Later, The New Bank of India Ltd. was nationalised. Most of the non promoter shareholders took cash compensation. The Registered Office of the Company was shifted from Connaught Place, New Delhi to Strand Road , Kolkata. The share's face value was consolidated to Rs. 10. Share Capital : Rs. 1 cr 12 lakh Reserves : Around Rs.11 cr NBI Industrial Finance Company is , now , the investment holding Company of Bangurs ( Benu Gopal Bangur of Shree Cement group ). They were the promoters of New Bank of India at the time of nationalisation. As the Company has holding of Shree Cement Ltd. it...

Abhishek Securities

Search This Blog