TV Today Network Limited today announced its quarterly financial results for the quarter ending March 31, 2020. TV Today Network Limited registered a Net Profit of Rs 27.79 crores, down from Rs 37.52 crores in Q3 FY 20.
Results Summary
- Consolidated income at Rs 216.58 crores in Q4 FY 20
- Consolidated expenses at Rs 171.82 crores in Q4 FY 20
- Net Profit at Rs 27.79 crores in Q4 FY 20
- FY 20 revenue at Rs 900.52 crores
- FY 20 expenses at Rs 682.6 crores
- FY 20 Net Profit at Rs 139.36 crores
Television broadcasting business reaped a profit of Rs 37.74 crores in Q4 FY 20 whereas Radio broadcasting business registered a loss of Rs 4 crores. Newspaper business had a loss of Rs 3 lakhs while other businesses registered a profit of Rs 5.19 crores.
TV Today Network’s income in Q4 FY 20 came down from Rs 230.51 crores in Q3 FY 20 to Rs 216.58 crores in Q4 FY 20. Total expenses remained stable with a minor difference of 3 lakhs which stood at Rs 171.82 crores in Q4 FY 20. Net Profit declined from Rs 37.52 crores in Q3 FY 20 to Rs 27.79 crores in Q4 FY 20.
Television broadcasting in FY 20 reaped a profit of Rs 180.18 crores while Radio broadcasting registered a loss of Rs 13.99 crores in FY 20. Newspaper publishing had a profit of Rs 37 lakhs while other businesses generated a revenue of Rs 24.86 crores.
FY 20 revenue rose from Rs 778.91 crores in FY 19 to Rs 900.52 crores in FY 20. The expenses rose from Rs 574.98 crores in FY 19 to Rs 217.92 crores in FY 20. Net Profit increased from Rs 131.10 crores in FY 19 to Rs 139.36 crores in FY 20.
