TV18 Broadcast has recorded consolidated revenue of Rs 1,406 crore in Q4FY23. This is a 6% decline compared to Rs 1,496 crore consolidated revenue the company reported in Q4FY22. The revenue was Rs 1823 crore in the last quarter.
The company registered a decline in profit to Rs 20 crore in the Q4FY23, as compared to Rs 221 crore in the corresponding quarter of the previous year. The profit in the previous quarter was Rs 38 crore.
Meanwhile, Network18 Media and Investments reported a consolidated revenue of Rs 1,484 crore in the Q4FY23 quarter as compared to Rs 1,621 crore recorded in Q4FY22. This is a decline of 8%.
Network18 Media reported a net loss of Rs 36.78 crore for the fourth quarter ended March 2023, as compared to a net profit of Rs 61.85 crore in the same quarter last year.
Talking about the financials, Adil Zainulbhai, Chairman of TV18, said: “Viacom18’s strategic partnership with some of the biggest names in the media space is a great news for the Company. With talent, resources, and technological capabilities at its disposal, it has the potential to change the narrative of India’s M&E landscape. We are heartened by the operating performance of our business this year which has delivered significant progress across verticals. We are excited to begin the new fiscal on a positive note, with an endeavor to translate this operating success into a strong financial performance.”
