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Siti Networks Ltd.

BSE: 532795 | NSE: SITINET |

Shares falling in the `Trade-to-Trade` or `T-segment` are traded in this series and no intraday is allowed. This means trades can only be settled by accepting or giving the delivery of shares.
Series: BE | ISIN: INE965H01011 | SECTOR: Media & Entertainment

BSE Live

Jan 20, 16:00
4.42 -0.13 (-2.86%)
Volume
AVERAGE VOLUME
5-Day
3,506,404
10-Day
5,736,178
30-Day
5,446,759
3,425,554
  • Prev. Close

    4.55

  • Open Price

    4.33

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

NSE Live

Jan 20, 16:04
4.45 -0.05 (-1.11%)
Volume
AVERAGE VOLUME
5-Day
6,878,844
10-Day
7,216,329
30-Day
4,831,977
8,227,384
  • Prev. Close

    4.50

  • Open Price

    4.30

  • Bid Price (Qty.)

    4.45 (2007)

  • Offer Price (Qty.)

    0.00 (0)

Annual Report

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

Chairman's Speech

Dear Shareholders, Thank you for your continued support and confidence in us that you have demonstrated so far. It is with the strength of your trust, that WWIL is today amongst the leading Multi System Operators (MSOJ in India and is poised to play a pivotal role in the Indian cable TV industry. According to FICCI - KPMG Indian Media & Entertainment (M&E) Industry Report, 2010 has been the year of resurgence for the industry. Overcoming the gloom that had set in during the economic slowdown, the Indian M&E industry bounced back in 2010, registering a growth rate of 11 % compared to a mere 1.4% in 2009. This growth was primarily driven by the increased spends by advertisers across all media platforms. As the industry braces for exciting times ahead, the sector is projected to grow at a CAGR of 14% by 2015. THE ECONOMY TO WATCH FOR The consistent economic growth of the country is translating into definitive improvements of socio - economic indicators. What is even heartening is the fact that the impact is being seen at the farthest mile, courtesy the agenda of inclusive growth that the country is following. First results of Census 2011 reflected a notable improvement in literacy rate and gender ratio while the population growth rate showed a decline. The decade gone by was the period of consolidation and the ensuing decade will mark the phase of acceleration for India, in my view. The period will be marked by rapid urbanisation, growing consumerism and disposable incomes. TELEVISION WILL GO DIGITAL Indian television industry has truly come of age and has added almost TOO million viewers in 2010 alone to reach 600 million viewers and crossed the 550 channel mark. With close to 140 million TV households and C&S penetration of near 78%, Indian audience is fast adopting new technologies like HD, Set Top Boxes with inbuilt recorders and delivery platforms like mobiles. The way television is accessed is also changing. A recent study by TAM Media Research estimated the share of digital access to have improved to 9% in 2010 from 7 % in 2009. While broadcasters and the TV set manufacturers are facilitating viewing of HD content on television, the Indian cable TV distribution industry must undertake complete digitisation over coming years. As a leading Multi System Operator (MSO) of India, WWIL has actively been advocating the cause of digitisation. The cable TV industry is rapidly changing with visible signs of progress towards the digital movement. In a positive development for the Indian TV content distribution industry, the Information & Broadcasting (l&B) Ministry has recommended December 31 , 2014 as the sunset date for mandatory digitisation in the country. The move will mean that the cable TV sector will become more organised, attract better investments and inturn improve profits. The digital wave is expected to benefit the three key players in the value chain namely the MSO, by way of increase in subscription revenues; the government, via increase in tax collections; and the customers, with an enhanced television viewing experience. With the trend expecting to reap in benefits for companies like ours, we are preparing ourselves for the digital wave! WWIL''S PERFORMANCE FY 11 was a good and satisfying year for WWIL in many ways. Let me share with you the key highlights of our operational and financial performance of the year. - The consolidated operating revenues grew by 12% to ^3059.5 million from ^2726.5 million during the last fiscal - The company posted a consolidated operating profit (EBITDA) of ? 163.6 million, which was a significant achievement as compared to operating loss of ^631.6 million during the last fiscal - WWIL has been ranked among the best 400 mid cap companies in India by Dalai Street Investment Journal''s Annual Compendium - Mid Cap 400 - 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 Andhra Pradesh THE PEOPLE POWER Consistency, transparency and trust form the cornerstone of the work philosophy at WWIL. The spirit of commitment that our employees display has played a major role in bringing WWIL to the position it enjoys today. We work closely towards personal development of each of our employee and strive hard to present them with an environment that is conducive to their needs. Keeping our team of professionals and experts involved through various employee engagement programmes like Samwad (Dialogue), Open House and Konnect, we are keeping the morale of our employees high. LOOKING FORWARD We are at an exciting juncture of our business journey. We look forward to making the most of digitisation wave and will be moving into newer geographies. The company will be investing in acquiring the latest technology and will focus on the development of the skills of its people. Company''s orientation will be towards streamlining operations & cost optimisation. It is with your support that we have witnessed a transformational year, a year that we can happily dub as satisfactory. Sincerely Subhash Chandra