Mumbai: TV Today Network has released its financial results for Q1. The results reveal that the network has reported a 7 per cent year-on-year growth in revenue from operations to Rs 218.15 crore in Q1 FY23 as against Rs 203.88 crore in the corresponding quarter of the previous fiscal. The media company saw a YoY decline of 6.13 percent in net profit to Rs 35.05 crore.
“The company had reported a net profit of Rs 37.34 crore in the April-June period a year ago,” stated TV Today Network’s regulatory filing. TV Today Network's total expenses were at Rs 181.88 crore, up 12.14 per cent in the June quarter of FY23 from Rs 162.19 crore last year.
TV Today’s revenue from the 'Television and other media operations' segment in the April-June quarter stood at Rs 214.56 crore and Rs 3.59 crore from radio broadcasting.
