TV18 standalone Q3 net profit at Rs 120 mn

MUMBAI: Television18, the company that houses business news channels CNBC-TV18 and CNBC Awaaz, has posted a better third-quarter result due to an upswing in revenues.

For the three months ended December, TV18 has posted a standalone net profit (after tax and minority interest, before ESOP charge out) of Rs 120 million compared to a net loss of Rs 150 million in the previous year quarter. The company had posted a net profit of Rs 90 million in the trailing quarter.

Revenue from news operations at Rs 790 million stands 17.91 per cent higher than the year-ago period. For the trailing quarter, TV18‘s standalone revenue was at Rs 680 million.

Operating expenses for the quarter stood at Rs 560 million (from Rs 510 million a year ago). However, it is much higher than the trailing quarter, which was at Rs 470 million.

Meanwhile, TV18 improved its operating margins to 29 per cent from prior year’s 25 per cent.  


  On a consolidated basis, TV18, which also includes financials of Web18,

Infomedia18 and Newswire18, has posted a net profit (after tax and minority interest, before ESOP charge out) of Rs 80 million. For the same quarter of the previous year, the net loss stood at Rs 400 million.

Revenue from consolidated operations went up to Rs 1.47 billion as compared to Rs 1.29 billion a year ago. Expenses stood at Rs 1.27 billion, from Rs 1.20 billion in the earlier year.

Meanwhile, Web18, the subsidiary that houses all the websites of the group, has seen operational breakeven in the quarter under review. The revenue from operations grew to Rs 220 million, while expenses also remained at 220 million.

In Infomedia18, the net loss for the quarter stood at Rs 70 million, down from Rs 90 million in the corresponding quarter of previous fiscal.

Revenue jumped to Rs 360 million (from Rs 330 million), while expenses stood at Rs 410 million, from Rs 380 million a year ago.

In Newswire18, revenue rose to Rs 100 million, from Rs 80 million a year ago. The company did not disclose net profit (or loss) of the segment. The expenses were at Rs 90 million while operating profit was at Rs 20 million.


Latest Reads
Binge on your favourite movies with 'Anthology Weekends' on MNX

Mumbai: When it comes to movies, we all have our favourites we love to binge watch! Offering its viewers their favorite movie franchise, MNX, the new age Hollywood channel for Young India from Times Network, presents a series of cult classics titled ‘Anthology Weekends’, every weekend, until March...

Television TV Channels English Entertainment
Make your snack time a lip-smacking affair with Chef Shipra Khanna

Crack the code to snacking this February as premium lifestyle channel Living Foodz is set to launch ‘Snack in the Box’ with Chef Shipra Khanna. Starting February 26, the show marks Chef Shipra’s debut on the channel and will unravel snack recipes with a twist!

Television TV Channels Factual & Documentary
Four Star India channels again among top 10 in across genre list

Four channels from Star India once again made it to Broadcast Audience Research Council’s (BARC) weekly list of top 10 channels across genres (all India – U+R: 2+ individuals) for week 7 of 2018 (Saturday, 10 February 2018 to Friday, 16 February 2018). The four channels with their ranks in week...

Television TV Channels Viewership
Star Plus third in urban market: BARC week 7

Star Bharat emerged as the leader in the Hindi GEC (U+R) region and Zee Anmol shifted to second slot, according to Broadcast Audience Research Council (BARC) all India data for week 7 of 2018.

Television TV Channels Viewership
Volleyball Federation of India announces partnership with Baseline Ventures

The Volleyball Federation of India (VFI) has announced a ten year partnership with sports marketing and branding firm Baseline Ventures to promote and build Indian volleyball.

Television TV Channels Sports
Eros Intl’s Deshpande hints at group rejig, likens RIL tieup to ‘blank canvas’

The Eros group, which includes an India-listed company with the parent Eros International plc. listed on NYSE, will soon start the process of simplifying the organisational structure to realign shareholders interest after an announcement that Reliance Industries Ltd. would be investing in the...

Television Production House Film Production
Discovery Jeet postpones 2 show launches to late March

The newly launched general entertainment channel, Discovery Jeet has planned to halt the launch of two yet to be released shows Gabru – Hip Hop Ke Shehzaade and Man Vs Wild with Sunny Leone.

Television TV Channels GECs
Star India bags 5 new advertisers for IPL 2018

MUMBAI: Star India is building up on its advertiser list for IPL 2018 with the announcement of five new brand additions, taking its total portfolio to 16. New names include Colgate, Amul, MakeMyTrip, Parle Products and Vu TV.

Television TV Channels Sports
Animation sees an uptick despite expensive production

MUMBAI: When it comes to popular content on TV in India, general entertainment channels (GEC) lead the way. Primetime shows are most watched, most-earning and most talked about since the early years of the saas-bahu serials. Animation as a genre is sidelined to the kids’ channels but producing it...

Television TV Channels Kids

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories