Content distribution platform Tata play, which boasts of almost 23 million active pay subscribers, has recorded operational revenue of Rs 4,741.07 crore for the fiscal ends 31st march 2022, which is a 1.25% increase over Rs 4,682.21 crore in the previous fiscal.
The company’s revenue from the direct-to-home (dth) segment for the fiscal saw a 0.57% drop to Rs 4,566.68 crore compares to Rs 4,593.01 crore. Broadband services revenue almost doubles to Rs 174.39 crore from Rs 89.2 crore.
According to the company’s financial data access by business intelligence platform offers, other income stood at Rs 27.44 crore, a 21.3% increase compares to rs 22.62 crore in fy21. Total income was up 1.35% at Rs 4,768.51 crore compares to Rs 4,704.83 crore in the previous fiscal.
Tata plays reports subscriptions and relates service revenue of Rs 3,982.90 crore against Rs 3,919.99 crore. Another service revenue came in at Rs 451.58 crore compares to Rs 453.25 crore. Activation and installation revenue stood at Rs 305.40 crore against Rs 308.60 crore.
Operating EBITDA from the dth business rose to Rs 2,008.70 crore from Rs 1,950.95 crore. Operating loss from the broadband business drops to Rs 57.75 crore from Rs 88.02 crore. Consolidates net profit remains flat at Rs 68.6 crore compares to Rs 68.75 crore in the previous fiscal.
Total expenses expand to Rs 4,642.39 crore from Rs 4,578.26 crore. Dth expenses jump to Rs 2,557.98 crore from Rs 2,312.63 crore. Broadband expenses are up at Rs 232.14 crore from Rs 177.22 crore.
Employee benefits expenses increased to Rs 379.21 crore from Rs 356.91 crore. Advertising promotional expenses were up at Rs 226.89 crore from Rs 213.41 crore.
The company also incurs a brand transition cost of Rs 55.34 crore for the rebranding exercise carried out in the last quarter of the fiscal year. Effective 27th January, the company rebrands from tata sky to tata play.
In terms of related party transactions, the company paid Rs 928.32 crore to star India as a broadcaster’s share of the maximum retail price (net of broadcast incentive). In the previous fiscal, the amount stood at Rs 968.83 crore. It receives marketing income and other revenue of Rs 61.55 crore from star India compares to Rs 108.88 crore in the previous fiscal.
Tata plays limited is a joint venture between Tata sons and tfcf corporation (formerly known as the twenty-first-century fox, inc.) and is now a part of the Walt Disney Company). As of 31st March 2022, tata sons holds a 41.49% stake in tata play followed by ts investments limites (20%), network digital distribution services fz llc (20%), baytree investments (Mauritius) Pte limited (10%), and omega fii investments pte limited (7.80%). Business World