26 October 2005
Welcome to the Q2 Results CyberMedia ends another performance packed quarter with a 51% YoY increase in Net Profits and a 26% increase in Gross Income.
This quarter has also witnessed the inking of a JV agreement between CyberMedia and CMP Media for publishing CyberMedia's Global Outsourcing brand in US & European markets. This is the first time any media house in India has launched a global product aimed at an international audience.
Our commitment to high growth and high margin businesses remains firmly on track.
Financial Highlights – Q2
- In Q2, Net Profit up 51% YoY to Rs 19.94 mn from Rs 13.20 mn
- Gross Income up by 26% YoY to Rs 212.75 mn compared to Rs 168.67 mn
- Publishing Rev up 40% YoY to Rs.141 mn
- Research Rev up 56% YoY to Rs 40 mn
- Online Rev up 72% YoY to Rs 16 mn
- EBITDA increases 36% YoY to Rs 36.39 mn from Rs 26.74 mn
Financial Highlights – H1
- In H1, Net Profit up 65% YoY to Rs 30.20 mn from Rs 18.25 mn
- Gross Income up by 28% YoY to Rs 367.24 mn compared to Rs 287.04 mn
- EBITDA increases 48% YoY to Rs 58.26 mn from Rs 39.47 mn
Operating Highlights
- JV with CMP Media for launching Global Outsourcing internationally
- First issue in January 2006
- Combined Editorial and Marketing teams in USA and India
- BioSpectrum receives approval of Media Development Authority of Singapore for Asian edition
- Content BPO business attracts keen interest from foreign publishers
- Multimedia & Events subsidiaries are shifting focus to higher margin business in a phased manner. These subsidiaries to be merged back into the holding company to create consolidated portfolio spanning print, digital and events
Segment Analysis
8% reduction in Media Services share of revenue due to phased withdrawal from low-margin Multimedia business lines
Quarterly Financials
| Particulars |
JAS'04 |
AMJ'05 |
JAS'05 |
YoY |
QoQ |
| TOTAL INCOME |
168.67 |
151.64 |
212.75 |
26% |
40% |
| - Net Income |
167.26 |
150.33 |
208.93 |
25% |
39% |
| - Other Income |
1.41 |
1.31 |
3.82 |
171% |
192% |
| OPERATING EXPENSES |
141.93 |
132.6 |
176.4 |
24% |
33% |
| - Direct Costs |
94.67 |
77.17 |
112.5 |
19% |
46% |
| - Staff Costs |
23.97 |
36.93 |
37.45 |
56% |
1% |
| - Other Expenses |
23.29 |
18.52 |
26.41 |
13% |
43% |
| EBITDA |
26.74 |
19.02 |
36.39 |
36% |
91% |
| Interest Cost |
3.07 |
2.49 |
2.35 |
-23% |
-6% |
| Depreciation |
2.77 |
3.73 |
3.79 |
37% |
2% |
| Other Non-Op Income |
- |
2.85 |
- |
- |
- |
| PBT |
20.90 |
15.65 |
30.25 |
45% |
93% |
| Taxation |
7.65 |
5.36 |
10.18 |
33% |
90% |
| PAT |
13.25 |
10.29 |
20.07 |
51% |
95% |
| Adjustments |
(0.05) |
(0.04) |
(0.13) |
|
|
| ADJUSTED PAT |
13.20 |
10.25 |
19.94 |
51% |
95% |
Key Indicators
| Ratios |
JAS'04 |
AMJ'05 |
JAS'05 |
| PAT |
7.9% |
6.8% |
9.4% |
| PBT |
12.4% |
10.4% |
14.2% |
| EBITDA |
15.9% |
12.5% |
17.1% |
| Direct Cost to Revenue |
56.1% |
50.9% |
52.9% |
| Staff Cost to Revenue |
14.2% |
24.4% |
17.6% |
| EPS (Rs.) |
1.85 |
1.02 |
2.01 |
Forward Looking Statement
Certain statements in this document with words or phrases such as “will”, “should”, etc., and similar expressions or variation of these expressions or those concerning our future prospects are forward looking statements. Actual results may differ materially from those suggested by the forward looking statements due to a number of risks or uncertainties associated with the expectations. These risks and uncertainties include, but are not limited to, our ability to successfully implement our strategy and changes in government policies. The company may, from time to time, make additional written and oral forward looking statements, including statements contained in the company's filings with the stock exchanges and our reports to shareholders. The company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the company.
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About CyberMedia
CyberMedia is South Asia's first and largest specialty media house, with nine publications (including Dataquest and PCQuest) in the infotech, telecom, consumer electronics and biotech areas; and a media value chain including the internet (www.ciol.com), events and television. The group's media services include market research (IDC India), content outsourcing, multimedia, gaming, and media education.
For further information, please contact
Gautam Mukherjee
Cyber-House, B-35 Institutional Area, Sector 32
Gurgaon, Haryana -- 122002, India
Tel: 0124-5031234 (prefix 95 from Delhi)
Email: gautamm@cybermedia.co.in
Puneet Jain
Tel: +91-9810027640
Email: puneet@four-s.com
Satyendra Shukla
Tel: +91-9810246711
Email: satyendra@four-s.com
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