41.20 0.15 (0.37%)
NSE Nov 30, 2021 15:19 PM
Volume: 4.9M
 

TV18 Broadcast Ltd.    
19 Oct 2021
41.20
0.37%

Highlights:

  • Consolidated EBITDA for the quarter grew 47%YoY (2.3x of Q2FY20); operating margin at 18.5%. Both News and Entertainment businesses further improved profitability.
  • Strong revenue growth driven by viewership; Highest ever Q2 revenue (ex-film), grew 28% YoY (and 18% vs Q2FY20)
  • Viacom18 is building a strong sports portfolio; acquired rights to FIFA World Cup’22 and 3 major football leagues
  • Voot’s digital exclusive property, Bigg Boss OTT, drives substantial growth in paid subscriber base 
  • 18.5% operating margin despite a lingering impact of second wave.
  • Entertainment margin at ~19%; ex-film revenue up 31% YoY (up 20% vs Q2FY20)
  • News margin at ~18%; revenue up 18% YoY (15% vs Q2FY20)
  • PAT rose to Rs. ~231 cr (2x of Q2FY21, ~4x of Q2FY20), driven by improved revenue performance, controlled opex and lower finance costs

Mr. Adil Zainulbhai, Chairman of TV18, said: “This quarter has been quite remarkable, both from a macro as well as Company’s point of view. The way the country came out of the grip of second wave of COVID was truly heartening, and equally reassuring was the full-swing return of economic growth. The outlook is looking quite promising from a medium term perspective and this is good news for our consumer facing businesses. With expansion into sports genre, we have taken a significant step towards scaling up our entertainment portfolio to the next level. This will help establish us as a truly integrated media company across broadcast, OTT and content studio business spanning general entertainment, news, movies and sports.”

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TV18 Broadcast Ltd. has gained 38.72% in the last 1 Year
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