Q3-2016: TV18 YoY EPS up 31%

BENGALURU: The Mukesh Ambani magic seems to be rubbing off on TV18 Broadcast Limited (TV18) acquired by his group in late May 2014. Be it Business News or GEC, most TV18 channels were rated at No. 1 or 2 as per BARC India ratings for the month of December 2015. In the case of general news, the company’s CNN-IBN was rated at the third spot.

TV18 reported a 31.4 per cent YoY increase in consolidated earnings per share at Rs 0.46 in the quarter ended 31 December, 2015 (Q3-2016, current quarter) as compared to the Rs 0.35. EPS in the current quarter almost quadrupled QoQ (3.83 times) as compared to the Rs 0.12. The company reported net profit after tax (PAT) for the current quarter at Rs 78.29 crore (11.3 per cent margin) as compared to Rs 60.38 crore in Q3-2016 (9.9 per cent margin) and Rs 20.27 crore (3.3 per cent margin) in the immediate trailing quarter.

EPS for the nine-month period ended 31 December, 2015 (9M-2016) was Rs 0.57 as compared to a negative (loss) EPS of Rs 0.30 for 9M-2015. PAT for 9M-2016 was Rs 98.51 crore (5.2 per cent margin) as compared to a loss of Rs 50.94 crore during the corresponding nine-month period of the previous year. The company says that Q3-2016 numbers include operating loss of Rs 45 crore on account of new ETV news channels and Colors Infinity and also a one-time expense of Rs 10 crore for rebranding ETV regional entertainment channels as Colors. Further, 9M-2015 profitability vis-?-vis 9M-2016 was significantly influenced by advertisement income on account of the general elections and the union budget says the company.

Note: 100,00,000 = 100 lakh = 10 million = 1 crore

TV18 reported 14 per cent YoY growth in total income from operations (TIO) in Q3-2016 at Rs 692.42 crore as compared to Rs 607.23 crore and a 13.8 per cent QoQ growth as compared to Rs 608.53 crore. TIO for 9M-2016 increased 12.4 per cent at Rs 1897.63 crore as compared to the Rs 1688.65 crore in the corresponding period of last year.

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