TV Today Network Q4 results: Net profit almost doubles to Rs 1,146 crore

NEW DELHI: Television Today Network Ltd on Friday reported that its consolidated net profit nearly doubled to Rs 11.46 billion for the March quarter on the back of higher revenue from television and other media businesses. The company had posted a consolidated net profit of Rs 5.85 billion in the same period last year, TV Today Network said in a regulatory filing.

Consolidated operating revenue for the quarter stood at Rs 252.79 million as against Rs 217.14 million in the year-ago period, it added.

Revenue from the television and other media business stood at Rs 247.37 crore in the fourth quarter, compared to Rs 213.25 crore in the year-ago period.

According to the company, radio broadcasting revenue for the January-March period was 5.42 billion rupees, up from 3.89 billion rupees in the same period last year.

Total expenses for the fourth quarter increased to Rs 241.3 million compared to Rs 206.89 million in the year-ago period. According to the filing, the board has recommended a final dividend of Rs 8.50 per share with a face value of Rs 5 for FY24. Consolidated net profit for FY24 stood at Rs 5,638 crore, down from Rs 8,824 crore in FY23.

According to the company, consolidated operating revenue for FY24 stood at Rs 952.09 million, compared to Rs 878.23 million in FY23.