ITV

Tag: CNBC AWAAZ

  • TV18 Q2 net profit at Rs 160 million, up 44% YOY

    TV18 Q2 net profit at Rs 160 million, up 44% YOY

    MUMBAI: The Raghav Bahl promoted Television Eighteen has posted its consolidated net profit at Rs 160.45 million up 44 per cent year on year (YoY) for the second quarter ended 30 September, as against Rs 111.55 million in the year-ago period.

    The company’s revenue has also witnessed a jump of 70 per cent YoY to record at Rs. 530.08 million. Revenue from news operations rose to Rs 476.92 million, from Rs 295.31 million a year ago.

    The TV18’s Internet business rose over 200 per cent YoY, according to an official release. The reveunes from the internet and software operations has gone up from Rs 17 million during the corresponding period a year ago to Rs 53.16 million this quarter. It is also worth noting that the internet business had crossed $1 million during the first quarter of this fiancial year.

    The company’s operating profit surged to Rs 249.04 million, up from Rs 172.68 million. The operating margin dipped to 47 per cent largely on account of the consolidation of CNBC Awaaz revenues and costs in P&L. 

    The consolidated revenues including CNBC-TV18, CNBC-Awaaz, moneycontrol.com and commoditiescontrol.com. The current quarter’s revenue/cost strictly is ‘not’ comparable with the same quarter in the previous year, since revenue/cost of Awaaz are being included from this quarter onwards. The TV18 consolidated revenue includes revenues from CNN-IBN, IBN7 and other Web18 Portals.

    Following the meeting of the board of directors Television Eighteen MD Raghav Bahl said: “This has been an exceptionally good quarter for us. As a Network, we have doubled revenues – while our listed entity has posted a 70 per cent year-on-year growth. We have successfully concluded our scheme of demerger, and set 24 November as the record date – this will unlock an enormous amount of value for our shareholders, who will now enjoy the fruits of ownership in all our businesses, including CNN-IBN, IBN7, Home Shopping Network and Studio18. With several exciting forays in news broadcasting, internet portals, motion pictures and other multi-media platforms on the anvil, our shareholders can continue to look forward to a period of sustained growth.”

  • TV18 Group creates Indiaearnings.com on company financials

    TV18 Group creates Indiaearnings.com on company financials

    MUMBAI: The TV18 network has designed an editorial integration under CNBC Universe stable, ahead of the earnings season by creating Indianearnings.com. In a bid to be able to give retail as well as institutional investors, the best coverage during the earnings season.

    Indiaearnings.com from the CNBC universe stable will be inaugurated by the chairman and chief mentor of Infosys N R Narayan Murthy on the day Infosys announces its second quarter results that is 11 October.

    The earnings coverage on the network will be integrated under the India Earnings Umbrella. It will include pre-results, results-day and post-results coverage, analysis and reference material across TV18’s various channels and online properties, according to an official release.

    Indiaearnings.com will provide India’s most credible and exclusive information destination for professional Indian and foreign investors. The access to the site is strictly by invitation. To receive an invitation one needs to email indiaearnings@moneycontrol.com.

    Boardroom the key property on television channels CNBC TV18 and CNBC Awaaz, which was launched seven years back, will also be an integral part of the India Earnings Umbrella. N R Narayan Murthy was the first corporate from India Inc to feature on Boardroom’s inaugural show, seven years ago.

    CNBC-TV18 will showcase the earnings seasons of large cap and mid cap companies, CNBC Awaaz will cover the earnings of mid-cap and small cap companies, indiaearnings.com will touch upon more than 500 companies to give investors all round earnings coverage, informs the release.

    Indiaearnings.com will be the first comprehensive and noteworthy platform to include web-casts, audio-casts, CFO meets, detailed current and archival information about the company stocks including performance, bulk deals on MF holdings etc. It will also bring in the strength of its association with CNBC Global Network– the world’s largest and most respected news network.

    Commenting on the India Earnings Umbrella, TV18 group CEO Haresh Chawla said, “India Earnings is by far the most extensive platform that any company would get for its results coverage and also the single largest platform which reaches out to more than 40 million affluent, interested Indians. Indiaearnings.com the newest offering by the CNBC Universe stable will be a one-stop destination for all professional investors needs; it is also the most credible platform for critical information on the company financials. The India Earnings Umbrella will combine the strengths of CNBC-TV18, CNBC Awaaz and moneycontrol.com as well as CNBC Global Network to benefit professional retail and institutional investors alike.”