ICICI Direct has come out with its fourth quarter (January-March’ 22) earnings estimates for the Media sector. The brokerage house expects TV Today to report net profit at Rs. 55.1 crore up 52.2% year-on-year (down 10.4% quarter-on-quarter).
Net Sales are expected to increase by 17.2 percent Y-o-Y (down 2.6 percent Q-o-Q) to Rs. 251.2 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 51.6 percent Y-o-Y (down 12 percent Q-o-Q) to Rs. 75.4 crore.
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