BENGALURU: TV Today Network Limited (TVTN) reported a 27.6 per cent growth in Profit after Tax (PAT) to Rs 26.34 crore in the current quarter (quarter ended 31 December, 2015, Q3-2015) as compared to the Rs 20.65 crore in Q3-2014 and almost double (up 99.5 per cent) the Rs 13.21 crore in the immediate trailing quarter Q2-2015. For 9M-2015 PAT at Rs 72.34 crore was 59.1 per cent more than the Rs 45.46 crore in 9M-2014.

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

The company reported 18.2 per cent growth in Net Total Income from Operations (TIO) at Rs 131.72 crore in Q3-2015 (quarter ended 31 December, 2015, current quarter) from Rs 11.142 crore in Q3-2014 and 17.9 per cent more than the Rs 116.69 crore in the immediate trailing quarter. 9M-2015 TIO improved 30.3 per cent to Rs 380.42 crore when compared to the Rs 292.03 crore in 9M-2014.

Two segments contribute to TVTN’s numbers – Television Broadcasting and Radio Broadcasting. TVTN’s Radio Broadcasting segment, which operates under the brand Oye! FM, disappointed by reporting 8.5 lower revenue at Rs 4 crore in Q3-2015 as compared to the Rs 4.37 crore in the corresponding year ago quarter and 5.1 per cent less than the Rs 4.21 crore in Q2-2015. For 9M-2015 this segment reported 1 per cent growth in revenue at Rs 11.57 crore from Rs 11.46 crore in 9M-2014.

The company’s radio broadcasting reported loss of Rs 1.94 crore in Q3-2015; loss of Rs 2.90 crore in Q3-2014 and loss of Rs 1.80 crore in Q2-2015. In 9M-2015, loss was lower at Rs 6.30 crore as compared to the Rs 7.24 crore in 9M-2014.

Let us look at the other results reported by TVTN

Total expense (TE) in Q3-2015 was 16.2 per cent higher at Rs 95.52 crore as compared to the Rs 82.23 crore in Q3-2014 and down 0.3 Rs 95.76 crore in Q2-2015. For 9M-2015, TE at Rs 290.59 crore was 28 per cent lower than the Rs 292.03 crore in 9M-2014.

The company’s advertisement, distribution and sales promotion expenses (ad spends) in Q3-2015 were almost flat (up 0.8 per cent) at Rs 25.19 crore as compared to the Rs 25 crore and 0.3 per cent lower than the Rs 25.28 crore in Q2-2015. 9M-2015 ad spends at Rs 71.99 crore were 6.5 per cent lower than the Rs 67.62 crore in 9M-014.

Production cost in Q3-2015 at Rs 12.89 crore was 18.8 per cent more than the Rs 10.85 crore in the year ago quarter and was 1.2 per cent more than the Rs 12.74 crore in Q3-2014. For 9M-2015, Production cost at Rs 39.08 crore was 39.8 per cent more than the Rs 27.94 crore in 9M-2014.

TVTN’s Television Broadcasting (Television) segment reported 19.3 per cent growth in revenue to Rs 127.73 crore in Q3-2015 as compared to the Rs 107.06 crore in Q3-2014 and 18.8 per cent more than the Rs 107.48 crore in the immediate trailing quarter. Television segment reported 30.8 per cent revenue growth to Rs 366.84 crore in 9M-2105 from Rs 280.57 crore in 9M-2014.

The Television segment’s operating profit in Q3-2015 at Rs 39.22 crore was 16.2 per cent more than the Rs 33.75 crore in Q3-2014 and was 85.4 per cent more than the Rs 21.16 crore in Q2-2015. 9M-2015 operating profit at Rs 111.81 crore was 46.7 per cent more than the Rs 76.2 crore in 9M-2014.