Television

TV Today records Rs 257.97 crore revenue for Q3FY23

Total income for the company fell 8.4 per cent to Rs 244.31 crore

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Mumbai: TV Today Network’s revenue from operations fell 10.33 per cent to Rs 231.31 crore for the quarter ended December 31, 2022, compared to Rs 257.97 crore in the same quarter last year. Total income for the company fell 8.4 per cent to Rs 244.31 crore in Q3 FY23, from Rs 266.83 crore in Q3 FY22.

Expenses increased 12 per cent from Rs 184.25 crore to Rs 206.30 crore. Net profit for the quarter fell 55 per cent to Rs 27.62 crore from Rs 61.50 crore.

For the quarter that ended December 31, 2022, the company’s revenue from television and other media operations was Rs 228.93 crore, down from Rs 252.16 crore. Furthermore, radio revenue was Rs 2.38 crore as opposed to Rs 5.81 crore. The board also approved Aroon Purie’s re appointment as chairman and whole time director for a five year term beginning April 1, 2023, subject to shareholder approval. The managing director and vice chairperson Kalli Purie Bhandal was also re appointed for a five year term beginning April 1, 2023, subject to shareholder approval.

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