KRChoksey: TV18 Broadcast - Robust Subscription Revenue To Drive Growth
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TV18 Broadcast Ltd.’s consolidated revenue from operation declined by 10% YoY (up 30.54% QoQ) to Rs 10,130 million; QoQ revenue increase was primarily led by ad-revenues as economic activity restarted on phased opening of lockdowns.
Consolidated Ebitda for the quarter stood at Rs 1,650 million which was up 57.14% YoY.
Ebitda margin reported at 16.3% in Q2 FY21, resulted in robust expansion by 697 basis points YoY and 1049 basis points QoQ on account of higher subscription revenue and better operating performance due to cost control measures.
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