Q4FY23: TV Today Network's revenue from operations down 10.3% to Rs 217 crore

TV Today Network has reported revenue from operations of Rs 217.14 crore for the quarter ending March 2023, down 10.36% from the corresponding quarter in the previous fiscal where it had recorded Rs 242.26 crore.

Its revenue from television and other media operations was Rs 213.25 crore and from radio broadcasting at Rs 3.89 crore in the last quarter of FY22-23.

The Network reported an 83.6% decline in its consolidated net profit to Rs 5.85 crore for the fourth quarter that ended on March 31, 2023. The company had reported a net profit of Rs 35.69 crore in the January-March period a year ago, TV Today Network said in a BSE filing.

TV Today Network's total expenses in the fourth quarter of FY23 were at Rs 206.30 crore, up 11.96%. 

Its total income in the March quarter was Rs 225.01 crore, down 10.96%.

For the fiscal year ended March 2023, TV Today Network's net profit was down 51.38% at Rs 88.24 crore. It reported a net profit of Rs 181.51 crore in the previous fiscal year.

Its consolidated revenue from operations was at Rs 878.23 crore in FY23, 5.57% lower than the previous fiscal year.

Meanwhile, in a separate filing TV Today Network informed that its board in a meeting held on Tuesday recommended a final dividend of 60%, which is Rs 3 per equity share having a face value of Rs 5 each for the FY22-23.

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