[ad_1]
Nonetheless, its consolidated income from operations throughout October-December 2021 jumped 15.15 per cent to Rs 1,567.08 crore, towards Rs 1,360.95 crore within the year-ago interval.
TV18 Broadcast’s Ebitda (earnings earlier than curiosity, taxes, depreciation and amortisation) stood at Rs 355.59 crore, which is the “highest ever”, the corporate stated in a post-earnings assertion.
“Not solely did the information enterprise sees a pointy enchancment in profitability however the leisure enterprise additionally continued to ship robust margins,” it added.
It continued income progress momentum in the course of the quarter because it additionally reported its “highest-ever quarterly income” regardless of the pandemic-induced headwinds confronted by the film enterprise, TV18 Broadcast stated.
TV18 Broadcast’s complete bills within the December 2021 quarter stood at Rs 1,249.44 crore, a 14.24 per cent bounce as towards Rs 1,093.74 crore a yr in the past.
Its Chairman Adil Zainulbhai stated the corporate is “constructing a robust and sustainable media franchise”, which not solely delivers high quality content material to the Indian viewers but in addition worth to the shareholders.
“As content material consumption continues to develop throughout mediums, the corporate goals is to construct platforms of alternative for customers searching for information and leisure content material of their native languages, motion pictures and main sports activities occasions,” he stated.
Shares of TV18 Broadcast Ltd on Tuesday have been buying and selling at Rs 50.80 on BSE, up 4.10 per cent.
[ad_2]
Source link
