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IBN18 Reports Q2 FY11 Revenues Up 39% YOY

It has reported consolidated net loss at Rs 12.9 crore as against loss of Rs 11.2 crore.

Rajat Arora | Delhi | October 27, 2010

IBN18 Broadcast, a subsidiary of Network 18, has declared its results for the quarter ended September 2010. It has reported consolidated net loss at Rs 12.9 crore as against loss of Rs 11.2 crore.

The company has reported its consolidated quarter revenues at Rs. 189 crore, up 39% yoy. It has reported the operating profit of Rs. 2 crore in Q2 FY11 against a loss of Rs. 37 crore in Q2 FY10.

The second quarter results of FY11 shows rapid growth uptrend at Viacom18 which has reported the revenue growth of 36% (Q2 FY11 over Q2 FY10) driving an operating profit of Rs. 22 crore up sharply from a loss of Rs. 38 crore in Q2 FY10.

Q2 FY11 revenues for Viacom18 remain at Rs. 272 crore (against Rs. 199 crore in Q2 FY10) while it has reported an operating profit of Rs. 22 crore driven by growth of advertising revenues. The PAT profit is Rs. 14 crore (against a loss of Rs. 42 crore in Q2 FY10). Colors continued its strong performance in the GEC space; MTV and Nick remained market leaders in the youth and kids genre.

In the General News Operations, CNN IBN has maintained its leadership position while IBN7 has maintained strong ratings growth. Ratings leadership results in revenue growth of 28% (Q2 FY11 over Q2 FY10). The General News operations have reported Q2 FY11 revenues of Rs. 52 crore (against Rs. 40 crore in Q2 FY10). Operating losses reduce substantially to Rs. 7 crore (against a loss of Rs. 17 crore in Q2 FY10). CNN IBN sustained its position as the channel of choice for English audiences with a market leading 29% share. IBN7 continues strong ratings performance, sustained break out from mid tier channels towards the top 3.

IBN Lokmat continues its rapid growth trajectory – revenue increase of 35% over Q2 FY10. SUN18 launched operations during the quarter to good response from the distribution industry; current year revenues likely to show market linked growth over last year, more meaningful upside to pan-out during the next financial year.

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