Television 18 India Ltd has reported Q4 consolidated revenues of Rs 1.32 billion, an increase of 16 per cent on a year-on-year basis (YoY). The company’s business news revenues are up 53 per cent (YoY), while the revenues of Newswire18 have increased by 26 per cent on a quarter-on-quarter (QoQ) basis. Web18 revenues are up 112 per cent (YoY).
TV18’s business news has registered an operating margin, which is above 50 per cent, with an increase in operating profit by 46 per cent over last year. The business news annual revenues have gone up by 50 per cent, while Web18’s annual revenues have registered an increase of 124 per cent.
Following the meeting of the Board of Directors, Raghav Bahl, Managing Director, Television Eighteen, said, “We are extremely happy to declare this quarter’s financial performance. Our news channels continue to lead the business news genre. The revenues from all properties are showing solid growth. Acquisition of Infomedia is underway and should soon be completed. We have forged a JV with Jagran Prakashan to launch a Hindi business newspaper and are also preparing to enter the English business newspaper market.”