TV18 Broadcast Ltd’s profit jumped 631.81% QOQ in Q3FY23

TV18 Broadcast Ltd has reported consolidated financial results for the period ending December 31, 2022.

Financial Results (Q3 FY2023) – QoQ Comparison

FinancialsQ3 FY2023Q2 FY2023% Change
Total Income₹1822.92 crs₹1483.42 crsUp Tick / Down Tick22.89%
Net Profit₹41.64 crs₹5.69 crsUp Tick / Down Tick631.81%
EPS₹0.24₹0.03Up Tick / Down Tick700.00%

Financial Results (Q3 FY2023) – YoY Comparison

FinancialsQ3 FY2023Q3 FY2022% Change
Total Income₹1822.92 crs₹1592.66 crsUp Tick / Down Tick14.46%
Net Profit₹41.64 crs₹200.34 crsUp Tick / Down Tick-79.22%
EPS₹0.24₹1.17Up Tick / Down Tick-79.49%
  • Soft Ad Demand Impeded Growth & Profitability
  • Saw Strong Audience Traction Across Verticals
  • Continued Softness In Macroeco Environment Dampened Ad Demand
  • Total Ad Inventory On TV Declined By 10% YoY, News Category Saw A Drop Of 27%
  • Ad Revenue Of Both News & Entertainment Segments Declined YoY
  • Invest In New Initiatives, Digital Ent & Sports Had – ₹3I40 Cr Contribution To EBITDA
  • News Revenue is down 6% At 3327 Cr Vs 3347 Cr (YoY)
  • Entertainment Revenue is up 18% At t 1,441 Cr Vs t 1,220 Cr (YoY)
  • Subscription Revenue is up 8% At 3490 Cr Vs 3455 Cr (Vol)

Share Price

tv18-broadcast-q3fy23

TV18 Broadcast Ltd is currently 25% down this year.

41

Leave a Comment

error: Content is protected !!