TV Today Network reports muted revenue growth in Q2FY24

TV Today Network has reported a 64.26% decline in its consolidated net profit to Rs 7.02 crore in Q2FY24.

The company had reported a net profit of Rs 19.72 crore in Q2FY23, TV Today Network said in a regulatory filing.

Its revenue from operations grew 1.05% to Rs 213.86 crore during the period under review as against Rs 211.63 crore in the corresponding quarter of the previous fiscal.

The company's revenue from television and other media operations was Rs 211.68 crore and from radio broadcasting at Rs 2.18 crore in Q2FY24.

Total expenses increased 8.47% to Rs 213.18 crore during the quarter under review. The company's total income fell marginally by 0.13% to Rs 223.13 crore from Rs 223.43 crore in Q2FY23.

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