KRChoksey: TV18 Broadcast - Robust Subscription Revenue To Drive Growth
A person use a remote control to change TV channels at a home. (Photographer Matias Delacroix /Bloomberg)

KRChoksey: TV18 Broadcast - Robust Subscription Revenue To Drive Growth

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

KRChoksey Report

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.

Click on the attachment to read the full report:

KRChoksey TV18 Q2FY21 Result Review.pdf

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