Press Releases2015

Jun 01, 2015
SITI Cable Network Limited (SCNL) declares its Q4 results for FY15

New Delhi, India; 28th May 2015: The Board of Directors of SITI Cable Network Limited (SITI CABLE) (BSE: 532795, NSE: SITI CABLE EQ) in its meeting held today, has taken on record the Audited Consolidated Financial Results of the company and its subsidiaries for the fourth quarter ended March 31, 2015 and Audited Consolidated Annual Financial Results for the financial year 2014-15.

Performance Highlights: Consolidated Financial Results

FY 2015

Revenue at INR937 Crores; up 31.9% YoY
Subscription Income at INR531 Crores; up 56.5% YoY
Broadband Income at INR27 Crores ; up 53.3% YoY
EBITDA at INR168 Crores; up 33.8% YoY
Operating EBITDA at INR106 Crores; up 133.6% YoY
Digital subscriber base increased to 5.38 million
Broadband subscriber base increased to 70,100

Corporate Overview

"Our focus on monetization of existing business in phase 1 & 2 Cities in FY15, led to a strong Subscription Revenue growth of 57% YoY and Operating EBITDA Margin expansion by 491bps

SITI Cable is engaged in proactive seeding and well placed to benefit from the ongoing digitization process. We are looking to expand our Broadband presence on DOCSIS Technology in our endeavour to diversify our revenue stream and provide the consumer with a compelling experience" said Mr. V D Wadhwa, Executive Director & CEO, SITI Cable

Operational Highlights

  • Raised INR221.1 Crores through Qualified Institutional Placement (QIP)

Allotted 6,31,74,540 shares on receipt of INR221.1 Crore from a group of Qualified Institutional Bodies (QIBs) including HDFC Mutual Fund, Reliance Mutual Fund, First International Group, UBS and others
The successful closure of the QIP is indicative of the confidence investors have in the SITI Cable Growth story

  • New Geography Expansion

Company expanded its footprint by entering into new markets in Andhra Pradesh & Haryana as part of the ongoing voluntary digitization process in order to be compliant with the DAS Phase 3 Digitization deadline

  • The Company was awarded at the 6th BCS Ratna Awards held on 19th March, 2015.

Most outstanding MSO in implementation of DAS policies, for strict adherence to regulatory and tax compliances
Outstanding performance in managing LCO Networks

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