Broadcasting and cable TV company Nxtdigital announced Q2FY23 results: EBIDTA for Q2 grows to Rs 55.26 crore; bettering its performance of Rs 51.64 crore for the corresponding quarter of last fiscal and Rs 54.09 crore for the preceding quarter of this fiscal Ends first 6 months of this fiscal with consolidated revenues of Rs 548.9 crore against last year's revenue of Rs 543.2 crore. EBIDTA for the same period improves to Rs 109.3 crore against Rs 102.9 crore for last fiscal Vynsley Fernandes, Managing Director and CEO at NXTDIGITAL Limited, “We have remained committed this fiscal on developing solutions to drive growth, based on the dynamic environment and changing consumer preferences. Those focused efforts and technological innovations will now take centre stage as we look to shortly roll out our broadband-over-satellite services, our digital content aggregator app NXTPLAY and ONEDigital, an integrated all-in-one solution that defines true digital convergence. Our ecosystem too has been upgraded in line with delivering solutions for digital communities”. Result PDF
Broadcasting & Cable TV firm Nxtdigital announced Q1FY23 Result : NXTDIGITAL maintains its performance in the first quarter of the current fiscal; consolidated revenue up by 5% year-on-year to Rs 279.1 crores whilst EBIDTA is at Rs 54.1 crores, a growth of 6% year-on-year. Wired subscriber base including video and broadband grows by 10% year-on-year; closes the quarter at 5.3 million homes connected, against 4.8 million last year. Significant progress made by the media group on broadband-over-satellite; post a binding MOU with Thaicom Public Company Ltd., one of the leading satellite operators in the world. On a Consolidated basis, the Company achieved a revenue of Rs 279.1 crores for the quarter ended 30th June 2022, as against Rs 266.6 crores for the corresponding quarter of the previous year and Rs 275.2 crores (excluding proceeds from sale of land) in the previous quarter. On a consolidated basis, the Company achieved an Earnings Before Interest, Depreciation & Taxes (EBIDTA) of Rs 54.1 crores for the quarter ended 30th June 2022, as against Rs 51.2 crores for the corresponding quarter for the previous year and Rs 56.5 crores (excluding profit on sale of land) for the previous quarter. Result PDF
Broadcasting & Cable Tv firm Nxtdigital declares Q4FY22 result: Consolidated revenue and EBIDTA for fiscal 2022 grows by 14.3% and 10.4% respectively. Company posts positive PAT of Rs 1.91 crores against a loss of Rs (13.90) crores in the previous fiscal. Revenue and EBIDTA includes contribution from the “Real Estate” segment. The Media & Entertainment segment recorded an EBIDTA of Rs 56.53 crores for the Q4 of the fiscal against Rs 52.92 crores in the immediately preceding quarter. Company’s broadband subsidiary crosses the 1 million customer mark – propelling it into the top 4 private Internet Service Providers in India. Adds 200,000+ customers in Q4. Digital television business maintains its growth, bucking the industry-wide trend during the pandemic year; riding on the roll-out of its award-winning NXTHUBs launched across India. NXTDIGITAL successfully rolls out its new digital product – offering up to 650 TV services + broadband, with speeds up to 1,000Mbps + up to 300,000 hours of OTT content from leading international and regional platforms. Board of Directors recommend a 40% dividend of Rs 4 per equity share of face value of Rs 10 each, acknowledging the unstinting support of the shareholders through a challenging year. On a consolidated basis, the company recorded a revenue of Rs 1,152.19 crores for the year ending March 31, 2022, as against a revenue of Rs 1,008.45 crores for the previous year, registering a growth of 14.3%. For the same period, on a consolidated basis, the company clocked Earnings before Interest, Depreciation, and Taxes (EBIDTA) of Rs 256.22 crores as against Rs 232.08 crores for the previous year registering a growth of 10.4%. The Revenue and EBIDTA for the year include Rs 69.30 crores and Rs 43.88 crores respectively arising out of the “Real Estate” segment of the Company. The consolidated Profit After Tax (PAT) for the year ending March 31, 2022, is Rs 1.91 crores as against a loss of Rs (13.90) crores in the previous year. During the quarter ended March 31, 2022, the Company posted a consolidated revenue of Rs 344.55 crores as against 277.97 crores in the corresponding quarter of the previous year and Rs 264.21 crores in the immediately preceding quarter. The Company clocked an EBIDTA of Rs 100.41 crores for the quarter as against Rs 67.54 crores in the corresponding quarter of the previous year and Rs 52.92 crores in the immediately preceding quarter. The Revenue and EBIDTA for the quarter include Rs 69.30 crores and Rs 43.88 crores respectively arising out of the “Real Estate” segment of the Company. The Media & Entertainment segment recorded an EBIDTA of Rs 56.53 crores for the quarter against Rs 52.92 crores in the immediately preceding quarter. The Consolidated PAT for the quarter ending March 31, 2022 stood at Rs 84.46 crores as against Rs 13.92 crores in the corresponding quarter of the previous year and loss of Rs (26.57) crores in the immediately preceding quarter. The PAT for the quarter is inclusive of the profit from the “Real Estate” segment of the Company. Says Vynsley Fernandes, Manging Director and CEO at NXTDIGITAL “We have remained singularly focused on the changing consumer preferences, in no small measure impacted by the lockdown periods; and have accelerated our digital transformation in line with the same. Our performance across all segments of our business reflect that mission. Offering a “combo” of digital television, broadband and OTT is now our norm, rather than the exception; whilst we will continue to expand our footprint through the launch of more NXTHUBs”. Result PDF
Broadcasting & Cable TV firm Nxtdigital declares Q3FY22 result: Revenues grow by 12.84% for THE 9-month period over last fiscal; Maintains robust EBIDTA as connected customer base increases. India’s premier integrated digital platforms company NXTDIGITAL Limited, the media vertical of the Hinduja Group, with a presence in digital cable, satellite (HITS), broadband, content syndication and tele-shopping announced its results for the 9-month period ending 31st December 2021 and Q3 of FY22. Consolidated revenue for the nine months grows by 12.84% to Rs 807.6 crores, up from Rs 715.7 crores for the corresponding period of the previous year. Company continues to maintain a robust EBIDTA for the 9-month period at Rs 155.8 crores, up 4.01% against Rs 149.8 in the last fiscal. Ends Q3 with a 10.9% year-on-year growth in EBIDTA at Rs 52.92 crores. Grows by 2.48% over Q2 of this fiscal – after allowing for AGR payment of Rs 3 crores. Repays debt of Rs 260 crores in line with the objects of the “Rights Issue”. Completes land sale in January 2022 for a consideration of Rs 69.30 crores, reducing debt further by this amount. Debt-to-equity ratio now stands at a healthy 1.5, down from over 4 at the start of the fiscal. Board reiterates in-principle approval for transfer of the Media & Entertainment business to Hinduja Global Solutions Limited to fuel the next phase of growth; subject to regulatory and other approvals. Independent valuers appointed to carry out the valuation exercise including the share exchange ratio. Result PDF
Highlights: India’s premier integrated digital platforms company NXTDIGITAL Limited, the media vertical of the Hinduja Group, with a presence in digital cable, satellite (HITS), broadband and content syndication announces its results for the quarter and half year ending 30th September 2021. Consolidated revenues for the half year ending 30th September 2021 grows by 15.48% to Rs 543.42 crores, up from Rs 470.58 crores for the corresponding period of the previous year. Company continues to maintain a robust EBIDTA at Rs. 102.89 crores for the half year. Ends Q2 with a 17.38% YoY revenue growth, closing at Rs 276.83 crores against Rs 235.76 crores in Q2 of the previous fiscal. Maintains a robust EBIDTA at Rs 51.63 crores. The significant increase in revenue coupled with a stable EBIDTA is reflective of the Company’s strategy and aggressive growth plans; with a clear focus on positive cashflows across business verticals, ensuring growth is funded by cash generated by the business. All business verticals continue to grow. Whilst the broadband business segment has crossed 720,000 subscribers, NXTDIGITAL has launched 40 future-ready NXTHUBs across the country – each with digital capability of providing video, broadband and other emerging solutions including OTT and WiFi. Rights Issue announced on 13th May 2021 by the Company - of 2 equity shares for every 5 shares held, at an issue price of Rs 300 per share is scheduled for opening on 15th November 2021. Company continues with its positive steps of disposing non-core assets to reduce debt; sells land parcel in Hyderabad for total consideration of Rs 69.30 crores, originally acquired at an approximate cost of Rs 25 crores. Post Rights Issue, debt-to-equity position expected to improve significantly to 1.5 times on issue closure as compared to approximately 4 times as on 31st Mar.’21. Says Vynsley Fernandes, Managing Director & CEO of NXTDIGITAL limited “Our performance in the first half of this fiscal reflects the Company’s focus on growth, gradually emerging out of the challenges of the pandemic that still have a bearing on the media and entertainment industry. Our strategy for the rest of this fiscal is premised on leveraging the strength of our solutions and our pan-India footprint of touch-points. With a network of NXTHUBs offering a host of digital services – ranging from video and broadband, to OTT and WiFi; and layered by our growth in our broadband base and our infrastructure sharing platform – we believe we will not just see growth but also unlock value across our media businesses”. Result PDF