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TV18 Broadcast Limited posts consolidated revenues of Rs. 2677 crores

Posted On: 2017-04-19 19:35:12

TV18 Broadcast Limited today announced its results for the quarter and year ended 31st March, 2017.

TV18 posted consolidated revenues of Rs. 2,677 crores (including proportionate share of JVs) in FY17, a 7% YoY growth, driven by entertainment and national news. Segment profits were impacted by investments in new initiatives in regional and digital, and a pullback in advertising spends in the latter half of the year. However, adjusted for the investments in new initiatives and one-time expenses, segment profits at Rs. 308 crores were up 30% YoY.

The consolidated Revenue (including proportionate share of Joint Ventures considered for segment reports) for the quarter ended 31st March, 2017 stood at Rs. 715.4 crores vs. Rs. 669.3 crores in the corresponding quarter last year. The FY17 consolidated revenue stood at Rs. 2676.9 crores, up 7% from Rs. 2494.8 crores last year.

Segment Profit before Interest and Tax on a consolidated basis including the performance of Joint ventures for the quarter ended 31st March, 2017 stood at Rs. 22.1 crores vs Rs. 96.7 crores in the corresponding quarter last year. Excluding the impact of new initiatives and one-time expense, the Segment profit for the quarter is Rs. 92.6 crores.

The consolidated Revenue as per Ind AS (accounting the JVs under Equity method) for the quarter ended 31st March, 2017 stood at Rs. 278.9 crores as compared to Rs. 301.6 crores in the corresponding quarter last year. The FY17 consolidated Ind-AS revenue stood at Rs. 979.4 crores, up 6% from Rs. 924.9 crores last year.

Operating profit on a consolidated basis under Ind AS for the quarter ended 31st March, 2017 stood at Rs. 26.4 crores, vs Rs. 91.6 crores in the corresponding quarter last year. Excluding the impact of new initiatives and one-time expense, the operating profit for the quarter is Rs. 60.9 crores.

Shares of TV18 BROADCAST LTD. was last trading in BSE at Rs.41.5 as compared to the previous close of Rs. 42.85. The total number of shares traded during the day was 1434638 in over 3380 trades.

The stock hit an intraday high of Rs. 43.3 and intraday low of 40.9. The net turnover during the day was Rs. 60048821.


Source: Equity Bulls

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