TV18 Broadcast reports strong recovery in TV ad-growth in Q4 FY2021

TV18 Broadcast has reported strong recovery in TV ad-growth to high single digits in Q4 FY2021, even as Digital is growing at fast clip. Consolidated EBITDA was up 16% YoY in the COVID year. The network saw the highest ever EBITDA margins at 21%, led by cost controls and innovative measures.

Entertainment operating margins were at a healthy ~19% in Q4, while News margins rose to highest ever levels of ~27% in Q4, led by 5% YoY revenue growth. Consolidated revenue ex-film production remained flat YoY, despite deferral of award shows.

Profit after tax (PAT) was up 79% to Rs 746 crore in Q4 FY 2021 on improved operating profitability and 38% lower interest cost.