ICICI Direct has come out with its third quarter (October-December’ 21) earnings estimates for the Media sector. The brokerage house expects TV Today to report net profit at Rs. 55.4 crore up 1.1% year-on-year (up 18% quarter-on-quarter).
Net Sales are expected to increase by 12.6 percent Y-o-Y (up 11.4 percent Q-o-Q) to Rs. 251.8 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 2.5 percent Y-o-Y (up 26.8 percent Q-o-Q) to Rs. 75.5 crore.
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