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TV18 Broadcast This fall Outcomes: Consolidated income soared impressively by 66 per cent, reaching Rs 2,330 crore in comparison with Rs 1,406 crores in the identical interval final yr.
Income surged by 66% to Rs 2,330 crore, however confronted an surprising EBITDA lack of Rs 161 crore because of contrasting section performances
TV18 Broadcast Restricted, one among India’s main media conglomerates, has launched its financials for the fourth quarter of the 2023-24 fiscal, portray an image of strong income progress juxtaposed with operational challenges. The quarter ending March 2024 witnessed a big surge in consolidated income, but the corporate grappled with an surprising working EBITDA loss, primarily attributed to the stark distinction within the efficiency of its TV information and leisure segments.
Consolidated income soared impressively by 66 per cent, reaching Rs 2,330 crore in comparison with Rs 1,406 crores in the identical interval final yr. This progress will be attributed to numerous components, together with elevated viewership, promoting income, and strategic enterprise expansions. Nonetheless, amidst the income growth, TV18 confronted surprising headwinds in its operational EBITDA, reporting a lack of Rs 161 crore, a considerable downturn from the Rs 77 crore EBITDA reported within the earlier yr.
The efficiency of TV18’s segments various considerably, with the TV information division demonstrating resilience by recording a 2 per cent enhance in EBITDA, reaching Rs 66 crore in comparison with Rs 65 crore within the earlier yr.
The leisure enterprise of TV18 confronted a difficult quarter, marked by an EBITDA lack of Rs 228 crore, a decline from the Rs 12 crore EBITDA reported in the identical interval final yr. Nonetheless, TV18 mentioned JioCinema was the quickest rising OTT platform within the nation throughout the fiscal.
TV18 Broadcast Restricted has attributed the This fall EBITDA impression to working losses from its sports activities and digital segments.
