Top Story


Home >> Media - TV >> Article

TV18 fourth quarter net up 112 per cent at Rs 21 crore

Font Size   16
TV18 fourth quarter net up 112 per cent at Rs 21 crore

Television Eighteen Group, which owns news channels like CNBC TV18, CNN-IBN, Awaaz and Channel 7, has posted a record net profit of Rs 21.91 crore in Q4, registering a whopping growth of 112 per cent on a year-on-year basis. In the same quarter of last financial year, its revenue saw 66 per cent growth at Rs 53.51 crore. The company has declared dividend of 25 per cent for its shareholders.

The company’s annual revenue for FY06 stands at record high of Rs 152 crore, up 54 per cent, while its annual net profit stands at Rs 53.49 crore, up 68 per cent. The company said in a statement that the revenue figures did not include revenues from Awaaz and CNN IBN.

The Internet business of the Group posted a whopping 600 per cent revenue growth over last year. The Group announced its foray into multiple Internet verticals and the home shopping space. It has also acquired a 50 per cent stake with the Indian arm of The company also announced that the Internet ventures of the Group would be hived off and consolidated into new wholly owned subsidiary with the aim of imparting focus and unlocking value in the Internet business.

When asked whether the company would list the separate Internet entity in the stock market, Haresh Chawla, CEO, TV18, said, “All options are open before us, including listing in the stock market.”

An elated Raghav Bahl, Managing Director, TV18, said, “We are delighted to report a record quarter for the company – in terms of revenue performance and the spectacular success of CNN-IBN – which in just five months of launch has become the dominant player in the English general news category, firmly establishing the TV18 Group as India’s premier news network. We believe our new initiatives in the Internet and home shopping spaces, too, will contribute significantly to our future growth.”

Meanwhile, the group is planning a relaunch of its newly acquired Hindi news channel, Channel 7, on June 5.


Kranti Gada joined the family business at Shemaroo in 2006 after a successful stint of over two years in marketing at Pepsi Co. She has been associated with the company for 12 years.

Exchange4media interacted with Jaspreet Chandok, Vice President and Head (Fashion) , IMG Reliance Pvt. Ltd on seamless brands integrations planned for Lakme Fashion Week, walking tall despite blazing trails like GST, demonetization and being a part of the larger cultural space

Their strategy to educate the consumers to make well informed decisions at all stages has worked out well.

Bobby Pawar, MD, CCO - South Asia, Publicis India, talks about his idea of chilling out

For their latest campaign ‘Peeoge toh Janoge’ (English translation: you’ll buy it if you taste it), Wagh Bakri and DDB Mudra gave Sakshi a new, rustic avatar.

Dabbawalas send some extra love along with dabbas to working professional across Mumbai

The Diamond Producers Association brings to life another rare moment as part of the ‘Real is Rare. Real is a Diamond' Campaign