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Q4FY21 Result Update - TV Today Network - ICICI Direct



Posted On : 2021-06-01 11:41:44( TIMEZONE : IST )

Q4FY21 Result Update - TV Today Network - ICICI Direct

TV Today reported a muted set of numbers for Q4FY21 numbers Operating revenue came in at Rs. 214.3 crore, up 2.9%YoY with TV broadcasting revenue at Rs. 176.5 crore (4.4% YoY growth), lower than our expectation of 10% YoY growth. Radio segment disappointed again with a straight ninth quarterly de-growth with revenues down 33.5% YoY to Rs. 2.4 crore on further erosion in advertising pricing. Digital revenue recovered, reporting healthy growth of 19.3% YoY and came in at Rs. 35.4 crore. EBITDA was at Rs. 49.7 crore, up 6% YoY. EBITDA margin came in at 23.2%, up 74 bps YoY. The company reported PAT of Rs. 36.2 crore, growth of 30.2% YoY despite muted operating performance due to lower tax rate transition.

For details, click on the link below: Link to the report

Shares of TV TODAY NETWORK LTD. was last trading in BSE at Rs.294.9 as compared to the previous close of Rs. 310.45. The total number of shares traded during the day was 72849 in over 3043 trades.

The stock hit an intraday high of Rs. 322 and intraday low of 290. The net turnover during the day was Rs. 22463594.

Source : Equity Bulls

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