TV18 profits decline in third quarter

BENGALURU: TV18 Broadcast Ltd (TV18), the subsidiary of the Mukesh Dhirubhai Ambani-controlled Network18 Media and Investments Ltd (Network 18), reported consolidated total income of Rs 10 crore for the quarter ended 31 December 2017 (Q3-18) as compared with income of Rs 23.6 crore for the corresponding year ago quarter. For the immediate trailing quarter Q2-18 (quarter-on-quarter), income stood at Rs 11.83 crore.

Consolidated profit after tax for the quarter under review was 8.1 percent lower year-on-year at Rs 15.87 crore as compared with Rs 17.27 crore but more than double (2.16 times) the Rs 7.3 crore in the immediate trailing quarter. The company’s consolidated simple EBIDTA (excluding GST and other income) was 2.1 percent lower y-o-y at Rs 38.65 crore (13.9 percent margin) as compared with Rs 39.49 crore (15.5 percent margin) and more than five times the Rs 7.6 crore in Q2-18.

Consolidated total income in Q3-18 increased by 8.9 percent y-o-y to Rs 277 crore from Rs 254 crore and was 18 percent higher y-o-y than Rs 235 crore in Q2-18.

Consolidated total expenditure rose by 9.4 percent y-o-y in Q3-18 to Rs 261 crore from Rs 269 crore and was 5.4 percent higher q-o-q as against Rs 247 crore.

The company has two segments–media operations and film production and distribution (films). The lion’s share of the revenue was from the company’s media operations.

Both segments reported operating profits for Q3-18 – of Rs 47 crore (media operations) and Rs 88 Lakh (film production and distribution). Media operations had operating profit of Rs 42 crore while film production and distribution incurred operating loss of Rs 5.3 crore in Q3-17. In the immediate trailing quarter, both segments had reported operating profit of Rs 47 crore and Rs 5.7 crore, respectively.

The company’s marketing, distribution and promotional expense during the quarter under review rose by 14.8 percent y-o-y to Rs 44 crore from Rs 38 crore but was 3.8 percent lower q-o-q. The employee benefit expense in Q3-18 swelled by 12.9 percent y-o-y to Rs 93 crore from Rs 82 crore but declined by 5.4 percent q-o-q from Rs 98 crore.

Other expenses during the quarter under review increased by 7.6 percent y-o-y to Rs 101 crore in Q3-18 from Rs 94.4 crore and was 22.2 percent q-o-q more than Rs 83 crore.

Latest Reads
Sony Sab strengthens primetime slot with 'Baavle Utaavle'

Sony Sab is all set to launch its new show, Baavle Utaavle, #Gufu Ki Visfotak Love Isstory, produced by Director’s Kut production house Rajan Shahi. The show will go on air on 18 February, every Monday to Friday at 10 pm.

Television TV Channels GECs
TV9 enters Hindi heartland with TV9 Bharatvarsh

TV9 News Network is all set to launch its national Hindi channel, TV9 Bharatvarsh, next month in Delhi. The channel is ready with its largest news studio in the country, which will use the best of AR and VR technologies, and BOT news tracker in its presentation.

Television TV Channels News Broadcasting
Tariff order implementation: Pay channels' connectivity drops ranging from 61% to 0.5% across genres

The ongoing flux in the broadcast sector due to the new TRAI tariff order implementation has had a significant impact on the connectivity of pay channels in the country. After the new regulatory framework kicked in on 1 February, pay channels’ connectivity witnessed a drop ranging from 61 per cent...

Television TV Channels Viewership
Pro Volleyball League attracts 14.3 mn viewers in week 1 on TV

The first leg of RuPay Pro Volleyball League (PVL) which happened in Kochi witnessed 14.3 million viewers sample the league on Sony Pictures Network (SPN) India.

Television TV Channels Sports
MTV associates with Brave Combat Federation for 'Brave 20'

MTV, India’s youth brand, is all set to bring the fight series MTV Brave 20 in association with the Brave Combat Federation presented by Mercury Sports Entertainment on 17 February at 9 pm.

Television TV Channels Music and Youth
Q3 2019: BAG Films Television and Radio Dhaamal profits up

The Anurradha Prasad-led BAG Films and Media Ltd (BAG Films) reported 38.1 per cent higher year-on-year (y-o-y) consolidated revenue for the quarter ended 31 December 2018 (Q3- 019, period or quarter, under review) at Rs 48.67 crore as compared to Rs 33.94 crore in the corresponding prior year...

Television TV Channels News Broadcasting
Comcast, Sony in the running for ZEEL stake?

In the latest financial results, Zee Entertainment Enterprises Ltd (ZEEL) MD and CEO Punit Goenka mentioned that the company has narrowed down its search for a partner to divest up to 50 per cent stake in the company, an announcement it made in November 2018.

Television TV Channels GECs
9X Jalwa launches Jalwa #10YEARCHALLENGE

MUMBAI: 9X Jalwa, the Bollywood hits music channel by 9X Media, has created Jalwa #10YEARCHALLENGE, a unique property that showcases the songs of Bollywood stars from past to present. Jalwa #10YEARCHALLENGE will feature stars such as Aamir Khan, Aishwariya Rai, Kajol, Akshay Kumar, Salman Khan,...

Television TV Channels Music and Youth
CNN meets the young Lionel Messi fan from Afghanistan who is now a Taliban target

In January 2016, a photo of young Murtaza Ahmadi went viral, thanks to his makeshift version of an Argentine football shirt of his idol Lionel Messi. The photo earned the child two autographed shirts, a signed football and a meeting with the footballer in Qatar 11 months later.

Television TV Channels News Broadcasting

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories