BENGALURU: TV Today Network Limited (TV Today) reported a PAT of Rs 12.83 crore for Q2-2014 as compared to a loss of Rs (-9.15) crore in Q2-2013. PAT for Q2-2014 was 0.7 per cent higher than the Rs 11.98 crore for Q1-2014.
Its radio segment reported improved performance with a 27 per cent lower segment loss of Rs (-2.02) crore for Q2-2014, as compared to the Rs (-2.76) crore for Q2-2013 and 13.3 per cent lower loss as compared to the loss of Rs (-2.33) crore for Q1-2014.
Let us look at the other results for Q2-2014 filed by TV Today
Presently, TV Today runs four 24 hours news and current affairs channels, namely Aaj Tak, Dilli Aaj Tak and Tez in Hindi and Headlines Today in English.
TV Today reported total income from operations of Rs 91.71 crore for Q2-2014, 36 per cent higher than the Rs 67.31 crore for Q2-2013 and three per cent higher than the Rs 88.85 crore for the immediate preceding quarter Q1-2014.
TV Today’s TV broadcasting segment income from operations for Q2-2014 at Rs 87.62 crore was more than a third higher (higher by 35.2 per cent) than the Rs 64.56 crore for Q2-2013 and almost flat (two per cent higher) than the Rs 85.89 crore for Q1-2014.
TV Broadcasting segment reported a profit from operations of Rs 21.27 crore for Q2-2014 as compared to the loss of Rs (-3.19) crore for Q2-2013 and almost flat as compared to the Rs 21.18 crore for Q1-2014.
Its FM radio broadcasting segment reported a 54 per cent higher income from operations for Q2-2014 of Rs 4.08 crore as compared to the Rs 2.65 crore for Q2-2014 and 35 per cent higher than the Rs 3.02 crore for Q1-2014. As mentioned above, loss for Q2-2014 from FM radio broadcasting business was much lower as compared to y-o-y or q-o-q.
Q2-2014 Total Expense at Rs 73.54 crore was almost flat as compared to the Rs 73.31 crore for Q2-2013 as well as the Rs 71.27 crore for Q1-2014.
Production cost for Q2-2014 at Rs 8.06 crore was 10.6 per cent lower than the Rs 9.02 crore for Q2-2013 and the Rs 9.03 crore for Q1-2014.
The network spent about six per cent more in Q2-2014 towards Advertisement, Distribution and Sales Promotion expenses at Rs 22.93 crore as compared to the Rs 21.67 crore in Q2-2013 and 16.4 per cent higher than the Rs 19.7 crore in Q1-2014.
The company says that it has made a strategic investment of Rs 45.52 crore in Mail Today Newspapers (Mail Today) for entering into print media. Though Mail Today is in the initial stages of operations and is presently incurring losses, the company is confident of its future and profitability and consequently of carrying value of the investment.
