TV18 Broadcast Ltd Q1FY22 consolidated PAT at Rs. 99.69 crore

TV18 BROADCAST LTD. has reported financial results for the period ended June 30, 2021.

Financial Results (Q1 FY 2021-22) - QoQ Comparison

The company has reported total income of Rs.1175.51 crores during the period ended June 30, 2021 as compared to Rs.1369.32 crores during the period ended March 31, 2021.

The company has posted net profit / (loss) of Rs.99.69 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.165.88 crores for the period ended March 31, 2021.

The company has reported EPS of Rs.0.58 for the period ended June 30, 2021 as compared to Rs.0.97 for the period ended March 31, 2021.

Financials	Q1 FY2021-22	Q4 FY20-21	% Change
Total Income	₹ 1175.51 crs	₹ 1369.32 crs	-14.15%
Net Profit	₹ 99.69 crs	₹ 165.88 crs	-39.9%
EPS	₹ 0.58	₹ 0.97	-40.21%

Financial Results (Q1 FY 2021-22) - YoY Comparison

The company has reported total income of Rs.1175.51 crores during the period ended June 30, 2021 as compared to Rs.788.18 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.99.69 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.0.94 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.0.58 for the period ended June 30, 2021 as compared to Rs.0.005 for the period ended June 30, 2020.

Financials	Q1 FY2021-22	Q1 FY2020-21	% Change
Total Income	₹ 1175.51 crs	₹ 788.18 crs	49.14%
Net Profit	₹ 99.69 crs	₹ 0.94 crs	10505.32%
EPS	₹ 0.58	₹ 0.005	11500%

Mr. 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."

Shares of TV18 BROADCAST LTD. was last trading in BSE at Rs. 40.8 as compared to the previous close of Rs. 41.35. The total number of shares traded during the day was 413560 in over 1215 trades.

The stock hit an intraday high of Rs. 41.95 and intraday low of 40.5. The net turnover during the day was Rs. 16997561.

Source : Equity Bulls

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