TV18 Broadcast Ltd Share Price – NSE  /  BSE

Entertainment, Small Cap

TV18 Broadcast Ltd is up for a third straight session today. The stock is quoting at Rs 47.3, up 3.05% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.37% on the day, quoting at 22450.85. The Sensex is at 74033.44, up 0.4%. TV18 Broadcast Ltd has slipped around 2.37% in last one month.

Meanwhile, Nifty Media index of which TV18 Broadcast Ltd is a constituent, has slipped around 3.74% in last one month and is currently quoting at 1885, up 0.11% on the day. The volume in the stock stood at 62.11 lakh shares today, compared to the daily average of 36.02 lakh shares in last one month.

The PE of the stock is 0 based on TTM earnings ending March 24.

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Revenue from operations jumped 65.7% year on year to Rs 2,329.58 crore in Q4 FY24, driven by sports and movie segments.

The company reported a pre-tax loss of Rs 126.84 crore in Q4 FY24 as against a profit before tax of Rs 32.67 crore posted in Q4 FY23.

Total expenses surged 86.55% YoY to Rs 2636.40 crore during the quarter. Operational cost was at Rs 1,644.20 crore (up 159.71% YoY) and Marketing, distribution and promotional expense stood at Rs 436.46 crore (up 26.5% YoY) during the period under review.

The firm reported negative operating EBITDA of Rs 161 crore in Q4 FY24 as compared with positive operating EBITDA of Rs 77 crore recorded in Q4 FY23.

TV News business revenue rose 28% YoY while EBITDA was flat in Q4 FY23. The rise in the revenue was primarily driven by an increase in advertising revenue across clusters. With leadership positions across key markets, the network delivered industry-leading growth in display advertising.

During the quarter, the company's operating revenue in entertainment business soared around 80%, primarily due to movie and sports segments revenues. TV advertising revenue also delivered a strong growth on the back of increased viewership share and non-fiction properties.

On full year basis, the company reported net loss of Rs 48.61 crore in FY24 as against net profit of Rs 116.18 crore is recorded in FY23. Revenue from operations jumped 51.82% YoY to Rs 8,975.97 crore in FY24.

Adil Zainulbhai, chairman of Network18, said, “The year gone by has been incredibly successful for us with strong organic growth and a flurry of M&A activity. The announced merger of Viacom18 with Star India is a remarkable moment for India’s M&E sector and we believe that the combined entity shall have the power to change the media landscape of the country in a meaningful way, creating value for all the stakeholders – consumers, customers and shareholders. In parallel, we expect the merger of our TV and Digital news businesses also to be completed sometime this year, making us ready to embark on a truly transformative journey which will deliver growth in the long term.”

TV18 Broadcast, a subsidiary of Network18 manages its primary business of broadcasting. TV18 runs the largest news network in India, spanning business news, general news and regional news channels.

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Net loss of TV18 Broadcast reported to Rs 51.73 crore in the quarter ended March 2024 as against net profit of Rs 35.19 crore during the previous quarter ended March 2023. Sales rose 65.70% to Rs 2329.58 crore in the quarter ended March 2024 as against Rs 1405.90 crore during the previous quarter ended March 2023.

For the full year,net loss reported to Rs 118.24 crore in the year ended March 2024 as against net profit of Rs 116.18 crore during the previous year ended March 2023. Sales rose 51.82% to Rs 8975.97 crore in the year ended March 2024 as against Rs 5912.09 crore during the previous year ended March 2023.

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TV18 Broadcast will hold a meeting of the Board of Directors of the Company on 18 April 2024.

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