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Siti Networks Ltd.

BSE: 532795 | NSE: SITINET |

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Series: BE | ISIN: INE965H01011 | SECTOR: Media & Entertainment

BSE Live

Dec 01, 16:00
2.57 -0.13 (-4.81%)
Volume
AVERAGE VOLUME
5-Day
4,161,401
10-Day
3,373,449
30-Day
2,244,745
248,784
  • Prev. Close

    2.70

  • Open Price

    2.57

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    2.57 (1584643)

NSE Live

Dec 01, 15:59
2.60 -0.10 (-3.70%)
Volume
AVERAGE VOLUME
5-Day
4,267,992
10-Day
3,952,929
30-Day
3,152,742
426,706
  • Prev. Close

    2.70

  • Open Price

    2.60

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    2.60 (211010)

Annual Report

For Year :
2018 2017 2016 2014 2013 2012 2011 2010 2009

Chairman's Speech

It is with a profound sense of happiness and satisfaction as I witness another stellar performance from Siti Networks and its contribution towards the long-term goal of Digital India and nation building.

At the same time, it continues to remain a vital cog in the whole media ecosystem as it continues to provide wholesome entertainment and education to the whole family, which is a fundamental building block of this great nation of ours.

By all accounts, FY18 turned out to be an excellent year with an impressive increase in subscription revenue, that went up 41%, at C7,997 million as well as continued strong subscriber additions of 3.1 mn. These two levers will continue to be the key towards driving growth and ensuring market preponderance as we commit to serve our valuable end consumers. In consonance with this, SITI played a vital role in growing the TV households universe from 183 mn to 197 mn and pushing television penetration up to 66% across the country. We will continue this digitisation momentum and ensure the television becomes a window to the world, in line with the ethos of vasudev kutumbakam.

This spectacular growth is aligned with the positivity in the Indian Media & Entertainment Industry, which grew around 13% in 2017 to touch Rs.1.5 trillion.

The percolation of digitisation that we have seen lately should also be credited to the electrification initiatives taken by the Government of India, under the dynamic leadership of our Prime Minister; Indeed, April 28, 2018 will be remembered as a historic day as all 18,452 villages across India got access to electricity. I see this as a key enabler for the growth of television penetration.

The recently announced TRAI tariff order has also come as a positive development that is expected to accelerate sector growth, empower the end consumer and ensure redistribution of power in the media value chain. It will also ensure that revenue gains flow to the bottomline and support a healthy and sustainable distribution environment in the country.

Further augmenting our profitable growth potential is the strong push in the Union Budget 2018-19 to the creation and upliftment of infrastructure, with the Government of India allocating C 5.97 trillion for the same. Infrastructure development being a key propeller of growth for the economy, and the Media and Entertainment (M&E) in particular, this creates a more enabling environment for your Company''s growth.

With significant investments already made in strengthening its technological infrastructure and reach, we are effectively poised to leverage the opportunities opening up across the business value chain.

At SITI, we are well equipped and more than ready to embrace the transformation to drive a more compelling, entertaining and empowering value proposition for our customers. The end customer has emerged as the central pivot around which we have structured our transformational agenda, and we are now more focussed than ever on improving customer experience at every step of the business value chain.

Going forward, we shall continue to proactively pursue this progressive agenda to connect more deeply with the customer through an enhanced content portfolio, more streamlined delivery systems, and more experiential offerings that are designed to address his aspirational needs proactively and effectively.

On this note, let me conclude by congratulating and thanking every member of the SITI Networks family for helping us steer the positive transformation with which we are aiming to scale more profitable growth in the years ahead. I would also like to express my heartfelt gratitude to other stakeholders for extending their unwavering support to us in this mission, which will empower all of us to create a more enabling environment for collective progress.

Best Wishes,

Dr. Subhash Chandra