TV Today Network posts revenue at Rs 258 crore in Q3
Network’s net profit for the quarter declined by 55% to Rs 27.62 crore
TV Today Network has recorded a decline of 10.33% in revenue from operations at Rs 231.31 crore for the quarter ended December 31, 2022 compared to Rs 257.97 crore in the same quarter last year.
Company’s total income fell 8.4% to Rs 244.31 crore in Q3 FY23 from Rs 266.83 crore in Q3 FY22. Expenses jumped 12% to Rs 206.30 crore from Rs 184.25 crore.
Network’s net profit for the quarter declined by 55% to Rs 27.62 crore from Rs 61.50 crore.
Company’s television and other media operations revenue for the quarter ended December 31, 2022 was Rs 228.93 crore against Rs 252.16 crore. Furthermore, the revenue from radio segment was Rs 2.38 crore against Rs 5.81 crore.
The board also approved re-appointment of Aroon Purie, Chairman and Whole-time Director with the effect from April 1, 2023 for a period of five years, subject to approval of shareholders of the company. Re-appointment of Kalli Purie Bhandal, Vice-Chairperson and Managing Director was also approved w.e.f. April 1, 2023 for a period of five years, subject to approval of shareholders of the company.
TV Today Network broadcasts 24-hour news channels Aaj Tak, Good News Today, and Aaj Tak HD in Hindi, and India Today Television in English. It also operates a radio station (Ishq 104.8 FM) in Delhi, Mumbai, and Kolkata. The digital business includes the Aaj Tak and India Today websites, as well as various social media and popular online video channels.
