Television

TV18 Broadcast consolidated Q3 net profit up 142%

MUMBAI: TV18 Broadcast Ltd’s consolidated net profit in the quarter ended December 31, 2013 rose 142 per cent from a year earlier on a fall in programming cost and marketing, distribution and promotional expenses and as its consolidated revenue increased.

 

TV18’s reported revenues on a consolidated basis stood at Rs 525.5 crore in the third quarter of 2013-14, up 3 per cent from a year ago.

  

TV18’s consolidated programming cost in the third quarter fell to Rs 142.58 crore from Rs 155.52 crore a year ago. Its marketing, distribution and promotional expenditure in the third quarter was down to Rs 140.78 crore from Rs 166.01 crore a year ago.

 

The company reported its highest ever quarterly Operating Profit (EBITDA) at Rs 77.5 crore, up 61 per cent year-on-year with both the entertainment and news businesses turning in strong quarters.

 

On a consolidated basis, the company’s advertising revenues grew 3 per cent year-on-year. While the news and infotainment advertising environment continued to be sluggish, entertainment led by Colors and MTV delivered strong double digit advertising growth.

 

Its net distribution Income continued its steady growth at Rs 43.6 crore, a rise of 145 per cent year on year.

 

TV18’s broadcast operations turned in a very strong quarter with an operating profit of Rs 91.1 crores, up 110 per cent on a year over year basis.

 

TV18’s proforma results assuming financial consolidation of 100 per cent of ETV News  and 50 per cent of ETV Entertainment, showed its revenues were up 5 per cent at Rs 595.9 crore in the third quarter and pperating profit (EBITDA) was up 79 per cent year on year at Rs. 94.5 crores  led by a strong performance in ETV News.

 

TV18 said on a proforma basis, this was a landmark quarter for TV18 with broadcast operations turning in an EBITDA of Rs 108.1 crore. ETV Entertainment reported a sharp reduction in losses compared to the previous two quarters as programming and marketing investments made in the first half led to an upswing in ratings and revenues.

 

On 22 Jan 2014, after receiving the required regulatory approvals, TV18 completed the acquisition of the ETV channels  –  100 per cent of ETV News, 50 per cent of ETV Entertainment and 24.5 per cent of ETV Telugu.

 

Raghav Bahl, Managing Director of Network18, the promoter of TV18, said, “…..the strong performance of TV18 (was) despite the continued uncertainty in the macro-economic landscape…. The environmental risks may continue in the medium term.”

 

Bahl said the company’s pre-tax profits almost tripled due to the robust operating performance of the broadcast operations and a significantly deleveraged balance sheet.

 

Network18’s Group CEO B. Saikumar, said, “Entertainment operations at Viacom18, led by Colors delivered a healthy performance even as Motion Pictures saw losses in this quarter. Infotainment operations at A+E Networks I TV18 broke into positive territory and IndiaCast continued on its robust growth trajectory.

 

Click here for full report

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/08/27/sports-tv.jpg?itok=Azsi0RgC
Task Force being set up to study preparations for next three Olympiads

NEW DELHI: India sent its largest contingent to the Rio Olympics 2016, with even Sports Minister Vijay Goel being present there.

Television TV Channels Sports
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/08/27/dish-auction.jpg?itok=tMqn0-hx
Freedish slot e-auction on 15 Sept, reserve price Rs 4.3 cr

NEW DELHI: The country's only free-to-air direct-to-home platform Freedish has slated its 30th auction for 15 September, which also coincides with the day Doordarshan first started beaming in 1959.

Television TV Channels Terrestrial
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/08/27/start-up-india1.jpg?itok=Ye1xuedl
DIPP wants to launch startup TVshow & channel

MUMBAI: Well, well, what will happen next under Indian prime minister Narendra Modi. The Indian leader has been at the forefront of declaring that innovation and business enterprise from young Indians is what India needs to drive it to the super power status that it deserves. Hence, the initiative...

Television TV Channels Specialised and Niche
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/08/27/Ashit%20Kukian.jpg?itok=U_PPQzWB
Times Network targets jet set with Luxury Time across six channels

MUMBAI: Ever got the liberty to choose a platform for the consumption of your favourite content? And no, we are not talking about digital but our own traditional television. Times Network is launching a new show titled Luxury Time. The show is placed on the weekend primetime slots of not one or...

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/08/26/PunitMishra_tcm.jpg?itok=jf1azT7O
Zeel hires Unilever's Punit Misra to head domestic broadcast business

MUMBAI: The Essel group owned Zee Entertainment Enterprises Limited (ZEEL) has filled the missing peg on its leadership roster: the CEO of its domestic broadcast business.

Television TV Channels People
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/08/26/Untitled-1_36.jpg?itok=YgvdV82d
Star World & Star World HD to air 8 new prime time shows across the week

In today’s fast-paced world, consumers have the innate desire to receive instant services and real-time information. The fear of missing out on the latest trends, including the latest and most talked about TV shows has become very real for consumers. As leaders in English entertainment, Star World...

Television TV Channels English Entertainment
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/08/26/Untitled-1_7.jpg?itok=sGC0zzP5
Headhunt on for Siddharth Roy Kapur replacement

Rumours have been floating around about the departure of Disney India managing director Siddharth Roy Kapur for the last fortnight to get into film production.

Television TV Channels People
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/08/26/Untitled-1_37.jpg?itok=Xu8H8Nm0
CNBC-TV18 to host the 11th edition of IBLA

CNBC-TV18 is back with the 11th edition of the prestigious India Business Leader Awards (IBLA) 2015-16.The visionaries that have led India's glorious journey from the front are the champions that CNBC-TV18 looks forward to saluting at the award function which will take place on 30 August in New...

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/08/26/BARC.jpg?itok=4zs26b9s
BARC Week 33: Pay TV channels declines in ratings

MUMBAI: The standout of week 33 was the fall in ratings for all the major pay TV Hindi general entertainment channels, according to Broadcast Audience Research Council (BARC) all India data.

Television TV Channels Viewership

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories