Press Releases2012May 21, 2012
Wire and Wireless (India) Ltd declares its Q4 results for FY12
Noida, India; May 17, 2012 – The Board of Directors of Wire and Wireless (India) Limited (WWIL) (BSE: 532795, NSE: WWIL EQ) in its meeting held today, has taken 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 today reported fourth quarter consolidated operating revenues of Rs 865.2 million.« Back
4Q FY2012 - Highlights
Total consolidated operating revenues for the fourth quarter ended March 31, 2012 was Rs. 865.2 million as compared to Rs. 885.0 million during corresponding quarter last fiscal.
The consolidated operating profit (EBITDA) for the fourth quarter ended March 31, 2012 was Rs. 31.1 million as compared to operating profit (EBITDA) of Rs. 87.2 million during corresponding quarter last fiscal.
WWIL consolidated its presence in key towns.
ANNUAL FY2012 - Highlights
The consolidated operating revenues for the financial year ended March 31, 2012 was Rs. 3428.2 million as compared to Rs. 3059.6 million during last fiscal, recording a growth of 12%.
The consolidated operating profit (EBITDA) of WWIL for the financial year ended March 31, 2012 was Rs. 192.0 million as compared to operating profit (EBITDA) of Rs. 163.6 million during the last fiscal.
Indian Cable Net Company Limited, a subsidiary of WWIL, was ranked among the top 500 of India's Best Performing Mid Sized Companies in the Second Annual Inc. India 500 Awards.
WWIL consolidates its Pan India presence through strategic expansions in Uttar Pradesh and Central India Region Towns i.e. Indore, Jaipur, Bhopal, Jabalpur, Sagar and Burhanpur.
Mr. Subhash Chandra, Chairman, 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 this 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 digitization growth ahead.”
Mr. 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 % over last fiscal. During the year, we have maintained strong momentum and strengthened our operations. From almost every perspective FY2011-12 was an impressive year for WWIL.”
Mr. Malhotra further added that “This is very exciting year for the industry as everyone is eyeing towards digitization of Cable TV network rollout in phase 1 & 2 cities. The outlook for the industry remains positive and the year ahead, promises to be a beneficiary for us. ”