UTV Software Communications Ltd has reported a jump of 174 per cent in its FY11 net profit at Rs 137.6 crore. Operating revenues grew 39 per cent to Rs 946.8 crore.
Net profit for the previous fiscal included approximately Rs 27.0 crore as a one-time Deferred Tax benefit. Adjusting for the same, the net profit growth would have been 496 per cent.
For the financial year ended March 31, 2011, the Movies segment saw a 44 per cent growth in revenues at Rs 454.4 crore from Rs 315.4 crore in the same period of last fiscal. The Movies segment contributed 49 per cent of the media and entertainment group’s revenues for FY11. UTV had three releases in Q4 – ‘No One Killed Jessica’, ‘Saat Khoon Maaf’, and ‘Dhobi Ghat’.
The Television segment contributed 38 per cent to the group’s consolidated revenues for the fiscal. This segment reported a 43 per cent increase in revenue to Rs 355.8 crore from Rs 249.0 crore in the same period last fiscal.
Games and interactive segment’s contribution to UTV’s consolidated revenue was 13 per cent. This segment reported an increase of revenues to Rs 120.1 crore from Rs 107.0 crore in the same period last fiscal.
UTV’s operating margins for FY11 stood at 18 per cent, up by 9 per cent, while net margins stood at 15 per cent, up by 8 per cent.