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TV Today Q1 net profit up 440 per cent at Rs 7.99 cr

TV Today Q1 net profit up 440 per cent at Rs 7.99 cr

Author | exchange4media News Service | Tuesday, Jul 31,2007 9:02 AM

TV Today Q1 net profit up 440 per cent at Rs 7.99 cr

TV Today Network Ltd has announced its financial results for the quarter ended June 2007. The Q1 topline at Rs 55.66 crore has grown by almost 50 per cent over the corresponding quarter of last year. The net profit is up 440 per cent at Rs 7.99 crore, against Rs 1.48 crore of last year.

The PBITD figure went up from Rs 6.27 crore to Rs 16.03 crore. The EPS is at Rs 1.38, up from Rs 0.26 over last year, indicating greater value for shareholders.

Aroon Purie, Chariman and Managing Director, TV Today Network Limited, said, “In spite of an increasingly competitive market, our profits have increased. I am glad that as a network, TV Today continues to set the agenda in the news space. Each of our offerings is unique and that is why they have all made a distinct space for themselves. We will continue to deliver value to our investors and advertisers by expanding the news base.”

G Krishnan, CEO, TV Today Network Limited, commented, “TV Today is on the growth track -- we have continued to grow every quarter despite the increasing number of players in the market. It is indeed heartening to note that our profits have gone up by 440 per cent. We are aggressively looking at creating revenue drivers on the domestic and international fronts. We expect to continue the good showing in future as well.”

In this quarter, TV Today consolidated its network share. As per the latest viewership data (TAM, All-India, Average of weeks 14-26), Aaj Tak continues to be the preferred choice, with a market share of 21.6 per cent in the core TG of 15+, all India. The entire TV Today network continues to be the dominant leader with a market share of 23.3 per cent, almost 40 per cent more than its nearest competitor (Source TAM, All-India Average of weeks 14-26, 15+).

Aaj Tak will be launched in the UK in August. Along with Headlines Today, Aaj Tak is already available in the US on the Dish Network.

Tags: e4m

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