TV18 posts 70% revenue growth; Net profit up 44% (YoY)

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Financial Highlights :

 

Q2 Revenue at Rs. 530.08 mn, Up 70% YOY

Operating Profit at Rs. 249.04 mn, Up 44% YOY

Operating Margin at 47% - dips under 50% largely on account of the consolidation of CNBC Awaaz revenues and costs  in P&L

Net Profit at Rs. 160.45 mn, Up 44% YOY

EPS at Rs. 7.63

 

Operational Highlights :

 

TV18 Network (CNBC-TV18, CNBC-Awaaz, CNN-IBN, IBN7 and internet portals) grow over 100%  in revenue on YoY basis.

CNBC-TV18 and CNBC-Awaaz continue to dominate the Business News category. Both channels maintain a solid leadership position, with over 70% marketshare of the Business News Category

CNN-IBN* leads across relevant target groups in key markets and time-bands across the country.

IBN 7 is showing impressive growth in market size.

Internet revenues from portals under Web18 grow over 3 times over past year.

 

Following the meeting of the Board of Directors, Raghav Bahl, Television Eighteen's Managing Director said: "This has been an exceptionally good quarter for us. As a Network, we have doubled revenues - while our listed entity has posted a 70% year-on-year growth. We have successfully concluded our Scheme of Demerger, and set November 24 as the Record Date - this will unlock an enormous amount of value for our shareholders, who will now enjoy the fruits of ownership in all our businesses, including CNN-IBN, IBN7, Home Shopping Network and Studio18. With several exciting forays in news broadcasting, internet portals, motion pictures and other multi-media platforms on the anvil, our shareholders can continue to look forward to a period of sustained growth."

 

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