Consolidated Operating EBITDA for Q2FY21 stood at Rs166cr compared to Rs77cr in Q2FY20 a growth of 114%. In H1FY21 EBITDA was Rs193cr compared to Rs124cr, a growth of 56%. Operating EBITDA margin at 15.6% in Q2FY21 compared to 6.6% in Q2FY20. In H1FY21, operating EBITDA was 10.3% compared to 5.1% in H1FY20.
“Q2 EBITDA more than doubled yoy, as revenues are firmly on the road to a full recovery. Step-jump in EBITDA margins for both News and Entertainment to healthy levels. Digital business swung into profitability on sharp ad-growth and rising subscription revenue,” company said.
The company said that H1 Operating margins highest in four years despite Covid drag; continue to improve yoy. Ad-revenues rebounded as economic activity restarted on tapering of lockdowns. News business’ advertising fully recovered, as viewership has settled at a higher level. Entertainment recovery near-complete; yoy ad-revenue dip reduced to single-digits now.