Top Story


Home >> Media - TV >> Article

UTV Q3 net profit jumps 1055 pc to Rs 23.1 crore

Font Size   16
UTV Q3 net profit jumps 1055 pc to Rs 23.1 crore

UTV Software Communications Ltd has reported a whopping 1050 per cent jump in its consolidated net profit for the third quarter at Rs 23.1 crore as compared to the corresponding quarter of the previous fiscal. The company’s operating revenues grew 183 per cent at Rs 123.2 crore during Q3.

The company has consolidated the financials of UTV-US, UTV-UK, UTV-IOM and UTV BL and the group’s indirect subsidiaries that include Ignition Entertainment Ltd, Indiagames Ltd, and the joint venture of UTV-Mauritius and UTV’s Windmill Entertainment Ltd. The Board of Directors has taken on record the un-audited consolidated financial results of UTV Software Communications and its subsidiaries.

Ronnie Screwvala, CEO, UTV, said, “Our strong results in the third quarter of FY08 are further proof that we can deliver sustained growth, which are a result of the hard work, dedication and team work that has been our strong foundation over the few years of our existence. Our revenue and profit growth in this quarter further solidifies the UTV growth story and proves that we are delivering on the high growth trajectory, which we have been strategically investing into since the past six quarters.”

He further said, “Our movie business has again witnessed a triple revenue growth for this quarter over Q3 FY07. Our focus has always been on pleasing our customers through intriguing and interesting concepts where we have experimented with multi-genre, multi-budget and multi-language films.”

On the television content, Screwvala said that the company had made sincere efforts to revamp its television content business and was currently forming multiple joint ventures with well-known names like Smriti Irani and Shekhar Suman for producing shows for various channels. He said, “This will be in addition to the existing television business currently undertaken by the company. We plan strong growth through our partnering initiatives.”

He further said, “Our interactive business comprising animation and gaming provides us with a valuable and interesting business model, which is not only scalable but also enables right diversification in a fast growing interactive space in South East Asia. What we see now is only the tip of the iceberg, but the true impact of this M&A and integration will be seen in the next fiscal year and thereafter, as we build another high growth and margin business for UTV.”

On the broadcasting plan, Screwvala explained that the broadcasting venture that would become part of UTV going forward had developed a bouquet of channels, of which Bindass and Bindass Movies were launched on September 24, 2008. The other two channels lined up for launch during the fourth quarter of this fiscal year are the World Movies Channel and UTV Movies Channel.


Vijay Mansukhani, speaks to exchange4media about the resurgence of Onida, the scope of growth of consumer electronics market in India and the reasons why Indian consumer electronics brands don’t compete on a global scale

Projjol Banerjea opens up about hiring Anne Macdonald and GroupM's Rob Norman, and the brand's new identity

Meera Iyer tells exchange4media that in FY 2016/17, bigbasket clocked a revenue of Rs 1,400 crore. The online supermarket currently stands at 70,000 orders a day, with operations in 25 cities.

CMO, Kashyap Vadapalli on the start-up’s marketing play, why it has decided to stay away from IPL and response to its furniture rental apps

In terms of affiliates, India ranks on the top. Spurred by the fast growth of mobile users and hence internet users, there are millions of websites, apps, WAP-sites and blogs using affiliate marketing...

Insecurity in the workplace due to the idea of AI encroaching on your job, or being sidelined at work because of your small town background? Sandeep Goyal has the right answers to help you deal with w...

As National Sales Head at, Ashish aims to bring on board a maximum number of advertising partners and consolidate the network’s position as a leader in the space.