Their advertising revenue stood at Rs 3084 million as against Rs. 3303 million same period last fiscal while circulation revenue stood at Rs 1104 million as against Rs 1200 million
In India, content consumption has been in a secular growth phase across platforms and the same is likely to continue, said ZEEL MD & CEO Punit Goenka during the Q3 FY21 earnings conference call
A CARE Ratings report notes that HBCPL's revenue has been affected due to the drop in newspaper circulation from 8,36,290 copies in FY20 to 4,07,118 in H1FY21
Speaking to analysts during the Q2 FY21 earnings call, the company also discussed NTO 2.0 impact on its subscription revenue and noted that its OTT platform ZEE5 may break even by FY24
RJIL's revenue for the quarter grew 5.9% quarter-on-quarter to Rs 17,481 crore. Its consolidated net profit grew to Rs 3,020 crore or 19.8%, quarter-on-quarter
Sun TV has also witnessed a 40% drop in profit before tax to Rs 352.38 crore during the quarter ended June 30, as compared to Rs 587.01 crore, a year ago