News Broadcasting
TVTN Q3 net profit up 14.12 % YoY
MUMBAI: For Aroon Purie’s TV Today Network (TVTN), the second fortnight of January started with one bang and ended with another. Fortunately for the company, both resonated with positive vibrations. After listing on the BSE on 16 January at a premium of 132 per cent over its issue price of Rs 95, the media hotshot has come up with a positive third quarter report card.
Q3 net profit up 14.12 per cent YoY to Rs 101 million
Q3 revenues up 23.68 per cent YoY to Rs 415.8 million
TVTN that owns and operates popular news channel Aaj Tak has posted a healthy growth of 14.12 per cent in its third quarter net profit over the corresponding quarter in the previous fiscal. The net profit for the quarter ending 31 December 2003 stands at Rs 101 million vis-?-vis Rs 88.5 million in the third quarter of 2002. Aggregate revenues for the quarter stand at Rs 415.8 million, which is up 23.68 per cent year on year (YoY) from Rs 336.2 million in the same quarter last fiscal.
Taking away from the profits is a 40.25 per cent YoY increase in TVTN’s total expenditure, which was largely because TVTN’s English news channel, Headlines Today that was launched in March 2003 was moved to a new studio in December 2003. The aggregate expenditure stands at Rs 227.5 million in Q3 2004 from Rs 162.2 million in the corresponding quarter of the previous fiscal.
The over 40 per cent YoY rise in expenditure is drawn from the hike in the company’s production and transmission costs, which shot up 68 per cent to Rs 49.6 million in Q3 2004 over Rs 29.5 million in Q3 2003. The company also clocked a 40 per cent YoY rise in other expenses.
For the nine months ended 31 December 2003, TVTN notched up net profits of Rs 226.8 million against Rs 194.4 million in the previous corresponding period. This translates into a 16.67 per cent hike in net profit. The company clocked aggregate revenues of Rs 978.8 million for the nine months ended 31 December 2003, which is up 25.63 per cent from Rs 779.1 million in the corresponding previous period.
Basic and diluted earnings per share for the third quarter stands at Rs 2.10 vis-?-vis second quarter’s Rs 1.91.
The TV Today scrip debuted on the stock exchanges on 16 January in a correctional market phase with an impressive high of Rs 225 in the very first minute of commencing trade. However, in today’s date, the stock has pared down 19.19 per cent to Rs 146.55 from its first day’s close of Rs 181.35. A cross section of market analysts believe that the stock is still over weight at these levels and will settle at Rs 150-170 levels once the initial excitement over the stock settles down.
Note: The results declared are unaudited third quarter financial results.
News Broadcasting
News18 India to air Sabse Bada Dangal on 4 May counting day
Channel promises fastest results, live trends and analysis across five states.
MUMBAI: Ballots will do the talking and screens will do the shouting. As counting day approaches for high-stakes Assembly elections across West Bengal, Tamil Nadu, Kerala, Assam and Puducherry, News18 India is gearing up for an all-day broadcast of its flagship election show, Sabse Bada Dangal, on 4 May from 6 am onwards. The Hindi news channel plans to deliver continuous, real-time updates as votes are tallied, combining live counting data with on-ground reporting and studio analysis. With political fortunes set to shift through the day, the coverage will track every swing, surge and surprise as trends turn into results.
The broadcast will feature a mix of senior political leaders, analysts and experts, offering instant reactions and decoding the evolving electoral picture. Expect heated debates, quick takes and detailed breakdowns as the numbers settle across all five states.
For News18 India, counting day has long been a high-visibility moment. The network is banking on its reporting reach, editorial bandwidth and technology-driven coverage to stay ahead in what is often a fiercely competitive news cycle.
With multiple battlegrounds and shifting narratives, the day promises both drama and data in equal measure. And if all goes to plan, Sabse Bada Dangal will once again turn the counting of votes into prime-time spectacle.
