Q3FY17 Results: TV Today Network Ltd

TV Today Network Ltd. reported its results for the quarter ended December 31, 2016. The total sales for this quarter, Q3FY17, came in at Rs 140.88 crore. This represents a 6.51 per cent sequential increase and 6.4 per cent YoY decline.

Its operating profit (EBIT) for the recently concluded quarter amounted to Rs 34.91 crore and the EBIT margin stood at 24.78 per cent. In terms of the bottom-line, the company reported a PAT figure of Rs 26.32 crore which represents a sequential QoQ increase of 16.43 per cent and a YoY decline of 28.51 per cent.

 The company's stock which opened for trading at Rs 276.9 on the BSE, has fallen by 3.43 per cent after the results were declared and is currently trading around the Rs 267.4 mark.

TV Today Network Ltd. is an Indian company engaged in the business of telecast and broadcast operations. The company interested in publications (India today, Business today, Cosmopolitan, Men's Health, Wonder Woman, Money Today, Reader's Digest, Good Housekeeping and many more), Television (Aaj Tak and Headlines Today), Radio (Oye! 104.8 FM), education (Vasant valley and Learn today), shopping (Bag It Today, Indian Today Diaries), events (Indian Today Conclave, India Today Woman's Summit, India Today Youth Summit), music (Music Today), printing (Thomson Press), Welfare (Care Today), classifieds (Directories Today). The company's operating business segment consist of TV broadcast and FM radio broadcasting.