Top Story


Home >> Media - Others >> Article

TV Today FY11 net drops 60 pc to Rs 12.42 cr

Font Size   16
TV Today FY11 net drops 60 pc to Rs 12.42 cr

TV Today has reported a consolidated net profit of Rs 12.42 crore for FY11 as against Rs 30.86 crore in FY10, a drop of 60 per cent.

The company’s standalone profit for the quarter ended March 31, 2011 stood at Rs 9.50 crore, as against a loss of Rs 10.08 crore for the corresponding quarter of the previous fiscal.

In the annual results statement released in the BSE, it was mentioned that TV Today had made an advance payment of Rs 45.50 crore in Mail Today Newspapers Pvt Ltd for entering the print media sphere. “Though Mail Today is in the initial stages of operations and presently incurring losses, the company is confident of its future profitability and consequently of the carrying value of the investment,” the statement added.

Total consolidated expenditure for FY11 was Rs 283.41 crore as against Rs 253.89 crore in FY10.

Meanwhile, income from operations stood at Rs 293.26 crore in FY11, marginally higher than Rs 284.81 crore in FY10.


Siddharth Kumar Tewary, Founder, Chief Creative, One Life Studios and Swastik Productions, on owning the IP on his most ambitious project 'Porus,' the risk of recovering its cost and his distribution strategy

Webscale plans to build the brand around smooth operations for the e-commerce sector and then move on to demand generation

Shriya Ghate, Business Head, Tinkle, spills the beans on the company's vision for its special line of merchandise launched to celebrate its 37th anniversary, its pricing, marketing strategies, and more

Vivek Patni, Director of Wonder Cement, on the current marketing strategies and challenges that brand owners face

Luis Fonsi, Rita Ora, Jain of Makeba fame , Dimitri Vegas, Jason Derulo, Charly Black and Dasu, J Balvin, Parineeti Chopra, Tiger & Jackie Shroff speak exclusively to the radio channel

The Film-Maker, as the host of ‘Calling Karan’, Will Be Just A Phone Call Away From Listeners Seeking Advice On Love & Relationship

The group aims to double its FMCG turnover to Rs. 1,000 crore over four years.