Ad revenue to remain below pre-Covid level in FY2024, despite expected increase in ad-spent by the government in the run-up to elections
This is Jain’s second stint at ICRA
With movie releases getting deferred due to restrictions on malls and cinema, the revenue for Q4 FY2022 will be sequentially lower than Q3 FY2022, ICRA said in a note
ICRA noted that there has been a month-on-month recovery in newspaper circulation and this will eventually recover to pre-Covid levels by Q4 FY2021
Total income jumped to Rs 3886.16 crore compared to 3671 crore in the trailing fiscal