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Business, general news, Indiacast and Viacom18 pull up TV18 numbers in first quarter

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BENGALURU: Mukesh Ambani’s broadcast enterprise, TV18 Broadcast Limited (TV18) reported 11.1 percent year over year (y-o-y) growth in consolidated operating revenue for the quarter ended 30 June 2018 (Q1 2019, quarter or period under review) as compared to the year ago quarter (Q1 2018). Its consolidated revenue increased in Q1 2019 to Rs 1,088 crore from 979 crore. The company’s operating profit (EBIDTA) almost tripled (2.79 times) y-o-y to Rs 39 crore in Q1 2019 as compared to Rs 14 crore.

TV18’s growth in revenue was led by Viacom18 and Indiacast revenue for which climbed by 73 crore (a little less than 10 percent) y-o-y during the quarter under review to Rs 832 crore from Rs 759 crore. The company’s Business and General news had revenue growth of 14 percent (Rs 20 crore) y-o-y in Q1 2019 at Rs 173 crore as compared to Rs 153 crore. Regional News (Ex Lokmat) and Infotainment  had revenue growth of 24 percent (Rs 16 crore) during the quarter under review at Rs 83 crore as compared to Rs 67 crore in Q1 2018.

Growth in operating profit (EBIDTA) was led by Business and General News with 25 percent (Rs 7 crore) y-o-y growth at Rs 35 crore in Q1 2019 as compared to Rs 28 crore in Q1 2018. Viacom18 and Indiacast had 13 percent y-o-y growth in operating profit at Rs 26 crore from Rs 23 crore in Q1 2018. Operating loss of Regional News (Ex Lokmat) and Infotainment declined to Rs 22 crore in Q1 2019 from operating loss of Rs 37 crore.

The numbers mentioned above have been obtained from TV18’s Investor update. It may be noted that Viacom18 and Indiacast became subsidiaries of TV18 from 1 March 2018. Hence, reported financials of TV18 consolidate these entities only from that date. Other y-o-y numbers are not comparable.

Network18 chairman Adil Zainulbhai said: “Our television channels reach out to 700 million people across the country, making every 1 in 2 Indians our consumer. We have 53 domestic channels across news and entertainment, making us a formidable player. The improving advertising environment and our rising viewership are positives, as we continue investing into growing our offerings across genres.”

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