{"id":84007,"date":"2023-01-17T16:25:00","date_gmt":"2023-01-17T10:55:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=84007"},"modified":"2023-01-17T16:23:53","modified_gmt":"2023-01-17T10:53:53","slug":"biz-results-tv18-broadcast-4","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-results-tv18-broadcast-4\/","title":{"rendered":"TV18 Broadcast Q3 : Net profit down 87% to Rs 37.81 cr; revenue up 12.8% to Rs 1,767.7 cr"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2268590194\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Media firm TV18 Broadcast Ltd on Tuesday reported an 87.86 per cent decline in its consolidated net profit to Rs 37.81 crore for the third quarter ended December 31, 2022, on account of a decline in advertising revenue.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3724993021\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The company had posted a net profit of Rs 311.55 crore for the October-December period of the previous fiscal, TV18 Broadcast said in a regulatory filing.<\/p><p>However, its consolidated revenue from operations rose by 12.8 per cent to Rs 1,767.71 crore compared to Rs 1,567.08 crore in the corresponding quarter a year ago.<\/p><p>The company faced &#8220;continued softness in advertising impacted profitability despite strong operating metrics across the board,&#8221; said TV18 Broadcast in an earning statement.<\/p><div class=\"trade-content_5\" id=\"trade-3301568629\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>TV18 Broadcast&#8217;s total expenses were at Rs 1,812.90 crore, up 45.09 per cent in the December quarter of 2022-23 compared to year-ago period.<\/p><p>According to the company, continued softness in the macroeconomic environment dampened the advertising demand and impacted the revenue, in contrast to the strong festive demand witnessed last year, thereby impacting the growth.<\/p><p>&#8220;Despite inflation showing signs of easing, economic sentiment remained weak during the quarter. While core categories continued to spend on advertising, driving growth was challenging due to restrained spends by brands across categories and a sharp pull-back by start-ups and e-com players,&#8221; said TV18 Broadcast.<\/p><p>TV18 Broadcast further said drop in advertising revenue had a direct impact on margins. Moreover, the profitability of the business also suffered due to investments in new initiatives, digital entertainment and sports.<\/p><p>Commenting on the results, TV18 Chairman Adil Zainulbhai said: \u201cOur TV network continues to grow from strength to strength and our digital business has taken some big strides to build a strong foundation for growth. A tough macro-environment made it difficult from a financial perspective, but we are really pleased with the operating performance of our business.&#8221; TV18 Broadcast, a subsidiary of Network 18 Group, owns and operates several news and current affairs channels which include CNN News18 and a host of general entertainment channels like MTV, VH1, Nickelodeon and Colors.<\/p><p>Shares of TV18 Broadcast Ltd dropped by 1.62 per cent to close at Rs 36.45 on BSE on Tuesday. PTI KRH MR<\/p><div class=\"trade-content-10\" id=\"trade-2671452300\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><div class=\"trade-after-content\" id=\"trade-3273308670\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Media firm TV18 Broadcast Ltd on Tuesday reported an 87.86 per cent decline in its consolidated net profit to Rs 37.81 crore for the third quarter ended December 31, 2022, on account of a decline in advertising revenue. The company had posted a net profit of Rs 311.55 crore for the October-December period of the [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":16403,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1515,31],"tags":[],"class_list":["post-84007","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-company-results","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>TV18 Broadcast Q3 : Net profit down 87% to Rs 37.81 cr; revenue up 12.8% to Rs 1,767.7 cr - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Media firm TV18 Broadcast Ltd on Tuesday reported an 87.86 per cent decline in its consolidated net profit to Rs 37.81 crore for the third quarter ended December 31, 2022, on account of a decline in advertising revenue.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-results-tv18-broadcast-4\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TV18 Broadcast Q3 : Net profit down 87% to Rs 37.81 cr; 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