wordpress blog stats
Connect with us

Hi, what are you looking for?

TV Today reports a 6.3% increase in revenues to Rs 199.4 Cr

TV Today reported standalone operational revenues of Rs 199.4 crore for the quarter ended December 31, 2018, 6.3% higher year-on-year from Rs 187.5 crore, and 22% higher from Rs 163.2 crore in the preceding quarter.

The company’s net profit also shot up to Rs 39.1 crore from Rs 29.5 crore in the preceding quarter, a 32.8% increase. Net profit in Q3FY18 was Rs 38.7 crore.

Broadcast

TV Today’s broadcasting revenues grew by 3.9% year-on-year to Rs 170 crore, from Rs 164 crore in Q3FY18. The network launched a new news channel ‘Bihar Tak’ last quarter, it now runs four regional channels – Aaj Tak, Dilli Aaj Tak, Tez and Bihar Tak. It also runs the English news channel India Today TV (earlier Headlines Today). The TV business accounts for the majority — 85.5% — of the company’s revenue.

However, the segment’s profits remained largely flat over last year, decreasing marginally by 4.3% to Rs 51.9 crore. Net profit increased by 22% over the preceding quarter from Rs 42.5 crore.

Radio

Revenues from the radio business increased by 11.4% year-on-year to Rs 7 crore, and losses shrank to Rs 2.1 crore from losses of Rs 6.1 crore in the same quarter last year, a 64.9% decrease year-on-year. Radio accounts for 3.5% of the company revenue.

Advertisement. Scroll to continue reading.

Last quarter, the company announced the sale of its radio business comprising of 3 radio stations in Delhi, Mumbai and Kolkata to Entertainment Network India Ltd (ENIL), which runs Radio Mirchi. TV Today had sold off 11 of its radio stations to ENIL; 4 in December 2015 and 7 in February 2015.

Download: Financials

Written By

I cover health, policy issues such as intermediary liability, data governance, internet shutdowns, and more. Hit me up for tips.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

When news that Walmart would soon accept cryptocurrency turned out to be fake, it also became a teachable moment.

News

The DSCI's guidelines are patient-centric and act as a data privacy roadmap for healthcare service providers.

News

In this excerpt from the book, the authors focus on personal data and autocracies. One in particular – Russia.  Autocracies always prioritize information control...

News

By Jai Vipra, Senior Resident Fellow at Vidhi Centre for Legal Policy The use of new technology, including facial recognition technology (FRT) by police...

News

By Stella Joseph, Prakhil Mishra, and Yash Desai The Government of India circulated proposed amendments to the Consumer Protection (E-Commerce) Rules, 2020 (“E-Commerce Rules”) which...

You May Also Like

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ