Top Story

e4m_logo.png

Home >> Media - TV >> Article

TV18 posts 90% growth in Q4 net profit at Rs 10 crore

29-April-2005
Font Size   16
TV18 posts 90% growth in Q4 net profit at Rs 10 crore

TV18 has posted a net profit of Rs 10 crore in the fourth quarter of 2004-05, an increase of 90 per cent over the Rs 5.2 crore in the same period of the previous fiscal year. The company's Q4 revenues showed an increase of 87 per cent at Rs 31.9 crore, up from Rs 17.1 crore in Q4 of the previous fiscal.

A TV18 release also stated that as per unaudited figures, the company's annual net profit stood at Rs 31.4 crore for fiscal 2004-05, a 170 per cent increase from last year's Rs 11.6 crore. The annual revenue increased this fiscal to Rs 93.4 crore from Rs 53.7 crore last year.

The board declared a second interim dividend of 10 per cent (Re 1 face value), making a total interim dividend of 20 per cent for the year.

Said Raghav Bahl, Managing Director, Television Eighteen, "This quarter has been extraordinarily robust for the company, with strong revenues for CNBC-TV18. Awaaz too has shown rapid growth in viewership and is gaining ground every week."

The release claimed that TV18 has become India's largest business and consumer news network with the launch of Awaaz, which has "become the fastest growing channel today". Referring to TV18's much talked about collaboration with former NDTV Managing Editor Rajdeep Sardesai and CFO Sameer Manchanda, Bahl said, "We are also very excited by our foray into the general news space with a very competent and proven team including Rajdeep Sardesai and Sameer Manchanda, and hope to be a dominant player in this genre."

Tags

Shantanu Gangane says OTT platform Viu plans around 20+ originals and is all set to enter the Tamil market with a mix of syndicated and original content

Co-founder and CEO of Britzo launched IVVO smartphone under the ‘Make in India’ program

Sidharth Gupta, Co-founder, Treebo talks about their outdoor campaign ‘Perfect stay or don’t pay’, what prompted this bold advertising move, its targeting, and the metrics that the brand utilizes to measure the efficacy of such a campaign

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

Co-founder and CEO of Britzo launched IVVO smartphone under the ‘Make in India’ program

“Hate speech targeting journalists is shared and amplified on social networks, often by troll armies,” the report read while stating the reason for drop in India’s rank.

We take a look at travel company, MakeMyTrip’s ad with its brand ambassadors – actors Ranveer Singh and Alia Bhatt which has garnered the brand 4,239,789 views on YouTube