Top Story

e4m_logo.png

Home >> Media - TV >> Article

TV Today Q1 net profit grows 81 pc; topline grows 11 pc

31-July-2009
Font Size   16
TV Today Q1 net profit grows 81 pc; topline grows 11 pc

TV Today Network Ltd has reported a topline of Rs 71.04 crore in the quarter ended June 2009, a growth of 11 per cent over the corresponding quarter last year. The quarterly net profit after tax has jumped 81 per cent at Rs 16.64 crore, as against Rs 9.17 crore last year. Other income, too, has increased 103 per cent to Rs 9.15 crore in the first quarter.

This quarter also sees Aaj Tak consolidating its leadership. As per the latest viewership data (TAM, 15+, All India, Week 30), Aaj Tak continues to be the preferred choice with a market share of 20.6 per cent. In fact, the weekly reach of Aaj Tak (TAM, 4+, Week 30) is 52.6 million.

Commenting on the growth, G Krishnan, CEO, TV Today, said, “TV Today is on the growth track – we have continued to grow inspite of the cluttered news space and the economic slowdown. We have ensured that we maintain a tight control on cost and continue to create revenue drivers on the domestic and international front. We expect to continue to grow with the same momentum”

Aroon Purie, Chairman and Managing Director, TV Today, said, “It is indeed heartening to note that we have grown our topline and bottomline inspite of a difficult economic environment. 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.”

Tags

Vijay Mansukhani, speaks to exchange4media about the resurgence of Onida, the scope of growth of consumer electronics market in India and the reasons why Indian consumer electronics brands don’t compete on a global scale

Projjol Banerjea opens up about hiring Anne Macdonald and GroupM's Rob Norman, and the brand's new identity

Meera Iyer tells exchange4media that in FY 2016/17, bigbasket clocked a revenue of Rs 1,400 crore. The online supermarket currently stands at 70,000 orders a day, with operations in 25 cities.

CMO, Kashyap Vadapalli on the start-up’s marketing play, why it has decided to stay away from IPL and response to its furniture rental apps

Mumbai was chosen in keeping with the company's focus on featuring their proprietary technologies over undiscovered markets like South Asia

The campaign, featuring brand ambassador Farhan Akhtar, exhorts consumers to showcase their achievements through the walls of their homes.

We list a few important stories that you may have missed in the week gone by