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TV 18 consolidated operating revenues rise 10% at Rs. 608.5 crore in Q2 FY16

TV 18 consolidated operating revenues rise 10% at Rs. 608.5 crore in Q2 FY16

Author | exchange4media News Service | Wednesday, Oct 14,2015 2:06 PM

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TV 18 consolidated operating revenues rise 10% at Rs. 608.5 crore in Q2 FY16

TV18 Broadcast Limited today announced its results for the quarter/half year ended 30th September, 2015. Half-yearly operating revenues on a consolidated basis stood at Rs.1,205.2 crore in H1 FY16, up 11% YoY from Rs.1,081.4 crore in H1 FY15.

Quarterly operating revenues on a consolidated basis stood at Rs.608.5 crore in Q2 FY16, up 10% YoY from Rs.553.7 crore in Q2 FY15.

Colors Infinity, an English GEC channel, was launched during the current quarter, and incurred a loss of Rs.19 crore.

In H1 FY16, there was loss of Rs.19 crore on account of new ETV news channels; there was also a one-time expense of Rs.10 crore for rebranding ETV regional entertainment channels as Colors.

H1 FY15 profitability vis-à-vis H1 FY16 was significantly influenced by advertisement income on account of the General Elections and the Union Budget.

The financials of Prism TV Private Limited (Prism) have been consolidated as a Joint Venture effective 1 August 2015 as Prism ceased to be a subsidiary and continues as a Joint Venture of the Company from the aforesaid date.

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