TV Today Network bottom line glitters in Q3FY16
DSIJ Intelligence / 09 Feb 2016
TV Today Network (TV Today) declared its quarterly results on February, 08. The company's revenue increased by 13.62 per cent to Rs 150 crore in Q3FY16 as compared to same period in previous financial year.
TV Today Network (TV Today) declared its quarterly results on February, 08. The company's revenue increased by 13.62 per cent to Rs 150 crore in Q3FY16 as compared to same period in previous financial year. Its total expenditure decreased by 6.62 per cent to Rs 94 crore in Q3FY16 on a yearly basis.
TV Today's EBITDA increased by 27.71 per cent to Rs 55.82 crore in Q3FY16 as compared to same period in previous fiscal year. The company's EBITDA margin expanded by 412 basis points to 37.3 per cent in Q3FY16 on a yearly basis. It’s PAT also rose by 40.08 per cent to Rs 36.91 crore in Q3FY16 as compared to same period in previous financial year. TV Today's PAT margin expanded by 466 basis points to 24.66 per cent in Q3FY16 on a yearly basis.
On segmental front, TV Today earned 98.65 per cent from Television Broadcasting segment and remaining 1.35 per cent from Radio Broadcasting segment during December 2015 quarter.
Considering nine month financials, TV Today's revenue increased by 6.15 per cent to Rs 404 crore in 9MFY16 as compared to same period in previous fiscal year. However, company's EBITDA decreased by 1.35 per cent to Rs 99 crore in 9MFY16 on a yearly basis due to 26 per cent increment in marketing expense till December 2015. It’s PAT increased by 13.5 per cent to Rs 56 crore in 9MFY16 as compared to same period in previous financial year.
The share price of TV Today increased by 5.8 per cent on bourses in early trades; and is trading at Rs 304.6 on an intraday basis.
TV Today is a media and entertainment company. The company is engaged in radio broadcasting and television programming and broadcasting activities. It operates four news channels, which include Aaj Tak, Headlines Today, TEZ and Dilli Aaj Tak. TV Today is also engaged in publishing and its publications include India Today, Business Today, Cosmopolitan, Men's Health, Women's Health, Auto Bild, Reader's Digest, Harper's Bazaar, India Today Travel Plus, Design Today and Gadgets and Gizmos, among others.
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