Malayala Manorama revenue jumps 18% in FY23
The media house’s revenue from operations was recorded as Rs 1,207 crore in 2023, up from Rs 1,028 crore in 2022
Malayala Manorama Company Limited has reported a 17.5% jump in total revenue for the financial year ending March 31, 2023, compared to the previous fiscal.
According to the company's financial data accessed by business intelligence platform Tofler, the media house’s revenue for FY23 stood at Rs 1,241.6 crore, up from Rs 1,056 crore in FY22.
The media house’s revenue from operations was recorded as Rs 1,207.4 crore in 2023, up from Rs 1,028 crore in 2022.
However, the company’s total profit for FY23 came down to Rs 8.11 crore from Rs 39.43 crore in FY22.
Its revenue from the sale of products was up in FY23 to Rs 452 crore from Rs 432 crore and its revenue from the sale of services stood at Rs 753 crore, up by 27% compared to the previous year.
Between April 2022 and March 2023, the company spent a total of Rs 1,223 crore, up by 22% from the previous financial year. Out of this, the advertising expense of the company stood at Rs 72 crore in FY23, up from Rs 58.7 crore in FY22.
Depreciation, depletion and amortisation expenses of the company were recorded at Rs 124 crore in FY23, down from Rs 128 crore the last year.
