TV Today Network Q1 Review - Decent Performance: ICICI Direct

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. .ICICI Direct Report.TV Today Network Ltd.'s performance was better than expected. Topline at Rs 203.9 crore was up 21.6% YoY on a benign base (decline of 32%). TV broadcasting revenues came in Rs 162.8 crore (up 18% YoY). Radio revenues were at Rs 3 crore, witnessing 10 times YoY growth on washout base. TV Today Network's key growth driver was digital segment, which continued its growth momentum with 38% growth YoY to Rs 38.1 crore.Ebitda came in at Rs 52.3 crore, up 74% with margins of 25.7% (up 776 basis points YoY on depressed base and up 246 bps QoQ) on operating leverage. Profit after tax grew 1.9 times YoY to Rs 37.3 crore, aided by superior operating performance..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint. .Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

TV Today Network Q1 Review - Decent Performance: ICICI Direct

TV Today Network Q1 Review - Decent Performance: ICICI Direct

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