Music and Youth
ETC net profit down 71 per cent to Rs 3.8 million
ETC Networks Limited announced its Q-2 results for the year 2001-2002 with its net taking a 71 per cent dip to Rs 3.8 million from Rs 13.33 million in the corresponding quarter in FY 2000.
The net revenue went down by 13 per cent from Rs 97.08 million to Rs 84.28 million. “The downturn in revenues is due to the encryption of the channel which has effected its reach,” clarified Vijay Shah, company secretary, ETC Networks Limited. The distribution of decoders is still on. The bad market condition has also affected revenues, Shah said.
When queried as to how staff costs had gown down from 10.57 million to 7.03 million, Shah said it was due to the successful restructuring operations the company had undertaken. When asked about the 25 per cent increase in the sales and administration costs from Rs 20.4 million to Rs 25.70 million he said it was due to operational expenses of etc channel Punjabi which was not there last year.
The increase in the depreciation amount is due to the buying of additional machinery and equipment, Shah said.
On the Bombay Stock Exchange, the share price of the company held steady today at Rs 12. It went down marginally to Rs 11.85 and closed at Rs 12 with only 1,700 shares changing hands.
MUMBAI: Mumbai is about to witness something it has never seen before. The Global Youth Festival arrives on 6-7 December at Jio World Garden with 15,000 attendees and 60-plus experiences sprawled across six sprawling arenas. On its sixth edition, this is no ordinary jamboree—it is a carefully orchestrated collision of wellness, adventure, arts, music, yoga and social change.
Chief Minister of Maharashtra Devendra Fadnavis will throw open the proceedings with a landmark ceremony, signalling the state’s backing for a movement that has already mobilised youth across 20-plus countries and 170-plus cities. The sheer scale is staggering: 500-plus volunteers powering the machine, 600,000-plus volunteer hours logged across previous editions, and millions of lives touched annually.
The speaker roster is formidable. Diipa Büller-Khosla and Dipali Goenka, chief executive of Welspun India, will share the stage with Malaika Arora in conversations spanning leadership, creativity and culture. Union Minister for Sports and Youth Affairs Mansukhbhai Mandaviya will also attend, reinforcing GYF’s reach into the corridors of power.
But this is not mere talk. The Solaris Mainstage promises concerts from renowned Indian artists. Innerverse delivers a 360-degree LED spectacle of art, technology and sound. The Love and Care Arena houses hands-on projects spanning women’s empowerment, child education, rural upliftment and animal welfare. India’s largest outdoor sound-healing experience awaits. An inflatable obstacle course, neon drifter karts and open-sky bouldering cater to thrill-seekers.
Some have branded GYF the “Coachella of Consciousness.” Others call it “India’s Largest Sober Festival.” Spiritual visionary Pujya Gurudevshri Rakeshji, who inspired the festival, will deliver the Wisdom Masterclass. Every rupee goes to charity.
After Mumbai comes Kolkata on 14 December. New York looms next year. For one weekend in December, Mumbai becomes the epicentre of youth-driven change—and nothing will be quite the same after.
Tickets available on BookMyShow. Visit youthfestival.srmd.org or follow @globalyouthfestival on Instagram.
