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TV18 revenues at Rs 1,968.1 Cr for FY14; General News & Entertainment up, Biz News down

The revenues from the news business for TV18 declined year on year (YoY) to Rs 556.4 crore for the financial year ended March 31, 2014 (FY14), down 5.9% from Rs 591.3 crore revenues last fiscal. However, it was significantly more profitable at an operating level: a profit of Rs 116.9 crore for the fiscal, up from Rs 77.9 crore profit in the previous fiscal. The operating margins for the segment also improved to 21% from 13% last fiscal. News business accounted for 28.3% of TV18's overall revenues for the fiscal which was at Rs 1,968.1 crore for FY14, up 15.8% YoY. For the quarter ended March 31, 2014, the news business however saw a marginal 3% YoY increase in its revenues to Rs 163 crore, from Rs 158.3 crore in the same quarter last year. The operating profit increased significantly by 67.8% YoY to Rs 43.3 crore from Rs 25.8 crore in Q4-FY13. On the other hand, the company's television entertainment business continues to show significant growth, posting revenues of Rs 715.4 crore for the fiscal, up from Rs 613.2 crore revenues in FY13. The operating profit almost tripled to Rs 108.4 crore from Rs 36.8 crore in FY13. Entertainment business accounted for 36.4% of TV18's overall revenues for the fiscal. On a quarterly basis, the television entertainment business posted revenues of Rs 176.9 crore, up 9% YoY while the net profit tripled to Rs 27 crore from Rs 9 crore profit in Q4-FY13. Note that there is a difference in the revenues numbers reported…

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