CyberMedia records 24% YoY increase in Total Income for Q2 FY’07

• Net Profit up by 16% YoY
• EBITDA up by 25% YoY

Financial Highlights:

• Total Income up by 24%YoY to Rs 263.0mn compared to Rs 212.8mn in Q2 FY’06.
• Revenues from publishing business up by 23% YoY to Rs 179.0mn due to continued buoyancy of ad spent especially in the specialty media segment.
• Revenue from internet business up by 14% driven by growth in page views and unique visitors.
• Revenues from content services business up by 79% due to increase in business volumes from existing clients including Encyclopedia Britannica.
• EBITDA increased by 25% YoY to Rs 45.4mn from Rs 36.4mn in Q2 FY’06.
• EBITDA margins maintained at 17.2% for JAS’06, after absorbing operating losses in new businesses. Total operating loses for the half year ended September 2006 are:
• Rs 14.0mn in Job Board business
• Rs 16.7mn in Content Services business
• Net Profit up by 16% to Rs 23.1mn from Rs 19.9mn in Q2 FY’06 due to higher revenues.

Operational Highlights:

• Global Services achieves 32,000 opt-in subscribers and 8 new clients.
• Initiated productivity enhancement programme for taking the company to the next level of growth.
• Strengthened relationships with state governments through e-governance initiatives.

Media Segment: Revenues up by 23% YoY to Rs 205.4mn from Rs 166.3mn with strong contributions from the established brands of the company in publishing and on line domains PBIT margins increased to 24% from 22% in Q2 FY’06 driven by growth in average advertisement rates.

Media Services Segment: Revenues up by 9%YoY to Rs 61.9mn from Rs 56.8mn in Q2 FY’06 due to 79% YoY growth increase in content services business. The segment has witnessed negative PBIT margins due to the continuation of investment phase of content services and job board business.

Source : Equity Bulls

Keywords