ICICI Direct has come out with its second quarter (July-September’ 21) earnings estimates for the Media sector. The brokerage house expects TV Today to report net profit at Rs 38.2 crore up 37.9% year-on-year (up 2.4% quarter-on-quarter).
Net Sales are expected to increase by 14 percent Y-o-Y (down 1.2 percent Q-o-Q) to Rs 201.4 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 28.7 percent Y-o-Y (up 1.3 percent Q-o-Q) to Rs 53 crore.
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