FY-16: TV Today revenue up 14.6 percent; PAT up 16 percent

BENGALURU: TV Today Network Limited (TVTN) reported 14.6 percent increase in consolidated revenue (consolidated total income from operations, consolidated TIO) for the year ended 31 March 2016 (FY-16, current) as compared to the previous year. The company’s consolidated Profit after Tax (PAT) increased 16 percent in FY-16. TVTN reported consolidated TIO of Rs 546.01 crore in FY-16 and Rs 476.58 crore in FY-15. PAT in the current year was Rs 95.04 crore (17.2 percent PAT margin) as compared to Rs 81.03 crore (17 percent PAT margin) in FY-15.

Note: The unit of currency in this report is the Indian rupee - Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:

(a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.

(b) 10,000 lakh = 100 crore = 1 arab = 1 billion.

The company’s total expenditure in the current year increased 14.8 percent to Rs 430.25 crore (78.8 percent of TIO) from Rs 374.91 crore (78.7 percent of TIO) in the previous year.

Simple EBIDTA increased 11.1 percent to Rs 146.33 crore (26.8 percent EBIDTA margin) from Rs 131.70 crore (26.7 percent EBIDTA margin) if FY-15.

TVTN’s advertising, distribution and sales promotion (ad expense) in FY-16 increased 17.5 percent to Rs 119.52 crore (21.9 percent of TIO) from Rs 101.75 crore (21.3 percent of TIO) in FY-15.

The TVTN board has recommended a final dividend @ 35 percent on the paid-up capital of the company, i.e., Rs 1.75 per share of Rs 5/- each for FY-16 subject to the approval of shareholders at the ensuing Annual General Meeting (AGM) of the company.


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