The media firm’s EBITDA rises 323% yoy to Rs188cr during the quarter. It was Rs44cr during the same period last year.
Company's operating margin increased to 16.2%, its highest ever in the June quarter, compared to 5.7% on the last year.
The company has reported consolidated revenue from operations of Rs1,155cr in Q1FY22, up 49% compared to Rs776cr in same quarter last financial year.
Adil Zainulbhai, Chairman of TV18, said, “The second wave of COVID-19 could have been the dominant theme for the industry and indeed for us during the quarter but it wasn’t.
Led by the many learnings from the past year and a responsibility to serve the Indian audience, we have been able to continue our businesses relentlessly and profitably.
While advertising hit a speed-breaker (primarily in entertainment), growing engagement on our platforms across TV and Digital make us confident of delivering for all our stakeholders even amidst a choppy environment. We continue to invest to ramp up offerings on our class-leading digital platforms. At the same time, we are selectively creating segmented offerings to enhance our TV portfolio in a capital-efficient manner.”
At around 12:30 PM, TV18 Broadcast was trading at Rs41.95 apiece up by Rs1.1 or 2.69% on the Sensex.