TV Today Q4 net skids 22.8% to Rs 73.3 mn

MUMBAI: TV Today Network, which runs leading Hindi news channel Aaj Tak, has posted a net profit of Rs 73.33 million for the three-month period ended 31 March 2012.

The net profit of the company slumped by 22.83 per cent, from Rs 95.03 million a year ago.

TVTN’s income from operations stood at Rs 883.60 million, up 4.82 per cent from Rs 842.95 million in the year-ago period.

Meanwhile, expenses grew 6.53 per cent to Rs 783.28 million, from Rs 735.25 million in the same period a year ago.

The income generated by the TV Broadcast segment stood at Rs 857.5 million (compared to Rs 825.91 million in Q4 FY’11), while operating profit from the segment was at Rs 159.58 million, down from Rs 180.12 million.

Meanwhile, the radio segment revenue jumped to Rs 27.08 million, from Rs 17.56 million. The operating loss from the segment also came down to Rs 44.56 million (from Rs 50.47 million year ago).

Full fiscal performance

For the full fiscal ended 31 March, TV Today has posted a net profit of Rs 105.24 million, down from Rs 124.24 million in the previous fiscal.

Revenue during the fiscal went up marginally to Rs 3.08 billion, compared to Rs 2.93 billion, while expenses also grew to Rs 2.96 billion, from Rs 2.83 billion.

The revenue and operating profit from the TV broadcasting segment in FY‘12 stood at Rs 3 billion and Rs 342.19 million respectively.

The radio division posted a revenue of Rs 80.85 million and an operating loss of Rs 185.86 million during the fiscal.

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