TV18 Broadcast Limited today announced its results for the quarter and fiscal year ended 31st March 2021. The Consolidated EBITDA up by 15% in COVID year, which was the highest ever EBITDA margins led by cost controls and innovative measures. Profit After Tax (PAT) up by 79% to Rs 746 Cr. The quarter witnessed a strong recovery in TV ad growth to high single digits in Q4. With Digital growing at a fast clip, TV News remains #1 on reach, and the margins expanded all through the year.
TV Entertainment grew viewership share by ~2% to 10.9%. The full-year margins highest ever Flagship GEC Colors returns to a strong #2 position during the year. Entertainment OTT fastest to 1 Mn D2C subscribers within the first year of launch.
The Consolidated Annual EBITDA margins rose to 18%, the best ever despite COVID. The Group EBITDA up by 15% YoY despite pandemic impact dragging revenue down 13% YoY. The highest ever operating EBITDA at Rs. 808 cr. with both verticals TV News and
Entertainment reporting robust financial performance. The TV News margins near-doubled YoY to 16%, as ad revenue grew through the year. The Entertainment margins at 18.6% YoY are the highest ever, led by cost efficiencies. PAT up 79% YoY, on improved operating profitability and 38% lower interest costs. Group debt sharply reduced to Rs 893 Cr in Mar-21, from Rs 1,775 Cr in Mar-20.
Adil Zainulbhai, Chairman of TV18, said: “The group has successfully dealt with the challenges posed by the COVID pandemic and posted much-improved profitability in a difficult year. Our brands have continued to grow in strength and salience during this period. This bears testament to our business process resilience and innovation in adversity. These factors have proved critical and will continue to remain of prime importance as we navigate future challenges. Our plans to invest in digital growth and our resolve to excel in the television remain constants amidst a dynamic business environment. ”
