TV Today Network Ltd saw its net profit rise 69 per cent to reach Rs 27.77 crore during FY06 as against Rs 16.43 crore in the previous financial year. Net profit margin of the company moved from 11.82 per cent to 17.4 per cent in the same period, while the EBITD margins went up from 29.8 per cent to 37.83 per cent.
The media group’s total income was Rs 167.89 crore in FY06 as compared to Rs 146.45 crore last year, up 14.64 per cent. The EPS is at Rs 4.79, up from Rs 2.83 over FY 04-05.
The company saw its net profit go up to Rs 11.03 crore in the fourth quarter of FY06, compared to Rs 6.61 crore in the corresponding quarter last year.
FY06 saw TV Today launch its third 24-hour news channel – Tez. The channel aims at delivering news to the busy viewer, who does not find enough time to devote to long and detailed news bulletins.
Another significant development has been TV Today’s international foray. Aaj Tak and Headlines Today were launched in the US on the Dish Network.
G Krishnan, CEO, TV Today, said, “Despite a highly competitive market, we are on the growth track. Each of our offerings is unique and that is why they have all made distinct places for themselves. We will continue to deliver value to our investors and advertisers by expanding the news base.”