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WWIL reports higher revenue, operating profit for fiscal 2012

Eyes digitisation of cable TV across markets for further growth

BestMediaInfo Bureau | Delhi | May 18, 2012

The Board of Directors of Wire and Wireless (India) Limited (WWIL) on Thursday took on record the unaudited consolidated financial results of the company and its subsidiaries for the fourth quarter ended March 31, 2012 and audited consolidated annual financial results for the financial year 2011-12.

WWIL reported fourth quarter (ended March 31, 2012) consolidated operating revenues of Rs 865.2 million compared with Rs 885 million during corresponding quarter last fiscal. Operating revenue is primarily generated from subscriber related income, income from bandwidth charges, income from advertisements and other operating revenues.

The consolidated operating profit (EBITDA) for the fourth quarter ended March 31, 2012 was

Rs 31.1 million against Rs 87.2 million during corresponding quarter last fiscal.

The annual consolidated operating revenues for financial year ended March 31, 2012 was Rs 3428.2 million compared with Rs 3059.6 million during last fiscal, recording a growth of 12 per cent. The consolidated EBITDA for the financial year was Rs 192 million compared with Rs 163.6 million during the last fiscal.

Subhash Chandra, Chairman, WWIL, stated, “It was a year of moderate growth for the Indian economy as well as for media. The M&E industry is transforming under the backdrop of shifting consumer preferences towards niche content and digital delivery platforms, evolving business models, competition and changing regulations. With WWIL showing consistently improved operational performance and with all its infrastructure and systems in place, the company is set to benefit immensely from this transformation. While maintaining the cost discipline at an operational level, the company continues to invest in capacity and capability as it prepare for the digitisation growth ahead.”

Anil Malhotra, COO of WWIL, commented, “I am pleased to report our eighth consecutive quarter of positive EBITDA. Our consolidated total revenue grew to Rs 3642.6 million, a growth of 15 per cent over last fiscal. During the year, we maintained strong momentum and strengthened our operations. From almost every perspective, FY2011-12 was an impressive year for WWIL.”

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