TV Today Network reports higher numbers for Q3 2018

BENGALURU: TV Today Network Limited (TVTN) reported 23.2 per cent y-o-y increase in standalone revenue from operations in the quarter ended 31 December 2017 (Q3 2018, quarter under review) to Rs 173.59 crore as compared to Rs 140.88 crore in Q3 2017. Profit after tax (PAT) for Q3-2018 increased 35.8 per cent y-o-y to Rs 35.73 crore (20.6 per cent margin) as compared to Rs 26.32 crore (18.7 per cent margin).

EBITDA calculated for Q3-2018 at Rs 57.16 crore (32.9 per cent margin) increased 36.5 per cent y-o-y as compared to Rs 41.88 crore (29.7 per cent margin).

Segment revenue

TVTN’s Television Broadcasting segment (TV segment) reported a 22.6 per cent y-o-y increase in operating revenue in Q3-2018 at Rs 167.03 crore as compared to Rs 136.26 crore. Operating profit from the segment in the quarter under review increased 35.9 per cent y-o-y to Rs 56.19 crore as compared to Rs 41.35 crore.

The company’s radio segment reported more than 2.25 times operating revenue at Rs 6.56 crore as compared to Rs 2.62 crore in Q2 2018. The segment’s operating loss in the current quarter was higher at Rs 5.84 crore as compared to the operating loss of Rs 5.67 crore in Q3-2017.

Let us look at the other numbers reported by TV Today

Total expenditure in Q3-2018 at Rs 124.54 crore was 17.4 per cent higher y-o-y as compared to Rs 106.60 crore. Production cost in Q3-2018 increased 4.9 per cent y-o-y to Rs 15.76 crore as compared to Rs 15.02 crore.

Employee benefit expense in the quarter under review at Rs 43.82 crore (24.9 per cent of TIO) was 20.1 per cent higher y-o-y as compared to Rs 36.49 crore.

Other expenses in Q3-2018 at Rs 56.85 crore were 19.7 per cent higher y-o-y as compared to Rs 47.49 crore.

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