TV18 reports higher profit in Q3 FY16 at Rs 692 cr

PBDIT for Q3 FY16 stood at Rs 103.8 crore, a gain by 31%, while 9M FY16 operating revenues were up by 12% at Rs 1897.6 crore

BestMediaInfo Bureau | Mumbai | January 18, 2016

TV18 Broadcast Ltd on Friday announced the quarter/nine months results ended December 31, 2015. The consolidated operating revenues stood at Rs 692.4 crore in Q3 FY16, up by 14% y-o-y, from Rs 607.2 crore in Q3 FY15.

Q3 FY16 Profit Before Tax on a consolidated basis stood at Rs 92.3 crore, up by 57% y-o-y, from Rs 58.8 crore in Q3 FY15. Operating revenues for nine months (9M) on a consolidated basis stood at Rs 1,897.6 crore, up by 12% y-o-y, from Rs1,688.6 crore.

9M FY16 operating PBDIT stood at Rs 153.2 crore, down by 17% y-o-y, from Rs 183.8 crore in FY15.

9M FY16 Profit Before Tax stood at Rs 114.3 crore against Rs 114.5 crore in 9M FY15.

9M FY16 includes operating loss of Rs 45 crore on account of new ETV news channels and Colors Infinity and also a one-time expense of Rs10 crore for rebranding ETV regional entertainment channels as Colors.

9M FY15 profitability vis-à-vis 9M FY16 was significantly influenced by advertising revenues on account of the General Elections and the Union Budget.

The financials of Prism TV have been consolidated as a Joint Venture effective August 1, 2015 as Prism ceased to be a subsidiary and continues as a Joint Venture of the Company from the aforesaid date.

Business News

CNBC-TV18 continued to be the No.1 channel in the English business news genre with 41% average market share. CNBC TV18 reached out to more than 26 million viewers in the quarter.

On the other hand, CNBC Awaaz continued to dominate as the No.1 channel in the Hindi business news genre with a 53% average market share. The channel reached out to more than 57 million viewers in the same time period.

CNBC Bajar continued to engage with their audience, reaching out to more than 7 million viewers during the quarter.

General News

CNN-IBN continued to be a consistent player, reaching out to more than 36 million viewers. CNN-IBN emerged as the No. 3 General English News channel with 19% market share.

IBN7 continues to engage with their audience with a viewership share of 6.4% in the quarter and reached out to 180 million viewers.

IBN Lokmat reached out to 34 million viewers during the quarter and emerged as the No. 3 Marathi News channel with 28% market share. The channel continued to engage audiences through in-depth coverage of key local and national events, as well as impactful campaigns and launch of various new shows.

Viacom18

In the general entertainment category, Colors was the No.1 pay channel in December, with a viewership share of 13%. Colors also had the top 5 fiction shows out of the top 10 fiction shows across Hindi GECs.

Nick continued to lead the Kids genre with a viewership share of 30%. Nick HD+, the first Kids HD channel in India, was launched by Viacom18. Sonic continued to engage with the young audience by airing popular shows

In the youth entertainment category, MTV was No.2 with a viewership share of 25%.

In the English Entertainment space, Vh1 was the No.1 in the English entertainment and music Genre with 24% market share.

In this Quarter, the reach for all the channels under the Viacom18 boutique was 537 million viewers.

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