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TV Today Q1 PAT may dip 41.2% YoY to Rs. 30 cr: ICICI Direct

Net Sales are expected to decrease by 23.8 percent Y-o-Y (down 10 percent Q-o-Q) to Rs. 187.4 crore, according to ICICI Direct.

July 15, 2020 / 01:12 PM IST
 
 
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ICICI Direct has come out with its first quarter (April-July’ 20) earnings estimates for the Media sector. The brokerage house expects TV Today to report net profit at Rs. 30 crore down 41.2% year-on-year (up 7.9% quarter-on-quarter).

Net Sales are expected to decrease by 23.8 percent Y-o-Y (down 10 percent Q-o-Q) to Rs. 187.4 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 36.5 percent Y-o-Y (up 1.1 percent Q-o-Q) to Rs. 47.3 crore.

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