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Discussion Star India posts profit of Rs.1395 crore in FY 21 but revenue declined

Raju lal

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Television broadcaster Star India, which is now owned by the Walt Disney Co India, posted a net profit of `1,395 crore on a standalone basis during financial year 2020-21 (FY21) against a loss of `85.61 crore in FY20, according to the company’s filings with the Registrar of Companies (RoC).
 

sach1979

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Profit because there were no ICC events and BCCI cricket during FY 21 vs FY 20? If so, then it is interesting that how Star will retain all 3 properties (ICC, IPL, BCCI).
 

Shivub

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Profit because there were no ICC events and BCCI cricket during FY 21 vs FY 20? If so, then it is interesting that how Star will retain all 3 properties (ICC, IPL, BCCI).
That's not reason. Their revenue decreased because there were no icc and bcci events. Profit because they decreased their expenses.
 
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