SAB Group’s TV Vision registers Rs 8.92 crore Net Loss in Q4 FY 20

SAB Group’s TV Vision on Saturday reported the financial results for the quarter ending March 31, 2020. TV Vision reported a net loss of Rs 8.92 crore in Q4 FY 20, up from Rs 6.12 crore net loss in the preceding quarter.

Results at a Glance

• Total income at Rs 24.53 crore in Q4 FY 20
• Total expenses at Rs 32.27 crore in Q4 FY 20
• Net loss at Rs 8.92 crore in Q4 FY 20
• Total income at Rs 109.72 crore in FY 20
• Total expenses at Rs 138.62 crore in FY 20
• Net loss at Rs 300.71 crore in FY 20

TV Vision’s total income in Q4 FY 20 stood at Rs 24.53 crore, down from Rs 24.78 crore in the preceding quarter. The total expenses in Q4 FY 20 stood at Rs 32.27 crore, up from Rs 30.89 crore in the preceding quarter. The net loss in Q4 FY 20 stood at Rs 8.92 crore, up from Rs 6.12 crore in the preceding quarter.

On annual basis, the total income in FY 20 stood at Rs 109.72 crore, down from Rs 117.27 crore in FY 19. The total expenses in FY 20 stood at Rs 138.61 crore, down from Rs 151.58 crore in FY 19. The total net loss in FY 20 stood at Rs 300.71 crore in FY 20, down from Rs 350.9 crore in FY 19.

The company further reiterated its earlier stance that the impact on the revenue of the Company in the next quarter ended June 30, 2020 has come down substantially mainly because the company is having its lowest advertising run rate on the channel, it’s as low as 10-15% than usual business.

TV Vision has liabilities at Rs 166.68 crore at the end of FY 20, up from Rs 164.27 crore at the end of FY 19. The company had been declared as a non-performing asset by banks in the previous financial years.