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TV Today Q2 PAT seen up 37.9% YoY to Rs 38.2 cr: ICICI Direct

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.

October 18, 2021 / 03:20 PM IST
The media company TV Today Network had an opening premium of 121 percent on January 24, 2004. The company's issue price was Rs 95 and the listing price was Rs 210.

The media company TV Today Network had an opening premium of 121 percent on January 24, 2004. The company's issue price was Rs 95 and the listing price was Rs 210.

 
 
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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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