TV Today Network posted a 10.4% drop in its revenue from operations at Rs. Rs 217.14 crore in its fourth quarter results as compared to Rs 242.26 crore, a year ago.

Company’s total income fell about 11% to Rs 225.01 crore in the March quarter from a year ago period while expenses ticked 1.1% higher to Rs 207.36 crore from Rs 205.17 crore.

The Network’s net profit for the quarter fell by 85% to Rs 5.38 crore from Rs 35.88 crore.

The company’s revenue from Television and other media operations for the quarter ended March 31, 2023 was Rs 213.25 crore against Rs 236.13 crore. It also saw a dip in its radio broadcasting results as it recorded Rs 3.89 crore in its revenue from the segment versus Rs 6.13 crore from a year ago period.

According to analyst firm Elara Securities’ Karan Taurani, “The TV segment operated at a healthy EBITDA margin of 18.8% in FY23, but a big jump seems unlikely. Expect 20% YoY revenue growth in FY24E for TVTN’s digital business on strong recovery in the festive season, i.e., in H2FY23.”

TV Today Network broadcasts 24-hour news channels Aaj Tak, Good News Today, and Aaj Tak HD in Hindi, and India Today Television in English. It also operates a radio station (Ishq 104.8 FM) in Delhi, Mumbai, and Kolkata.

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