TV18 Q4 FY16 operating revenues up 6.6% Rs 671.3 cr

TV18 Broadcast has announced its results for the quarter and year ended March 31, 2016. Operating revenues on a consolidated basis stood at Rs 671.3 crore in Q4 FY16, up by 6.6 per cent YoY, from Rs 629.7 crore in Q4 FY15.

Q4 FY16 consolidated operating PBDIT stood at Rs 99.4 crore, up by 20.3 per cent YoY, from Rs 82.6 crore in Q4 FY15.

Q4 FY16 Profit Before Tax (before exceptional items and prior period items) on a consolidated basis stood at Rs 84.3 crore, compared to Rs 92.4crore in Q4 FY15.

FY16 includes operating loss of Rs 92 crore on account of new ETV news channels, launch of Colors Infinity and VOOT (an exclusive digital video OTT launched by Viacom18 in March 2016) and also a one-time expense of Rs 10 crore for rebranding ETV regional entertainment channels as Colors.

FY16 operating revenues on a consolidated basis stood at Rs 2,569.0 crore, up by 10.8 per cent YoY, from Rs 2,318.4 crore in FY15.

FY16 operating PBDIT on a consolidated basis stood at Rs 252.5 crore, same as last year.

FY16 Profit Before Tax (before exceptional items and prior period items) on a consolidated basis stood at Rs 198.6 crore, against Rs 216.0 crore in FY15.

FY15 profitability vis-a-vis FY16 was significantly influenced by advertisement income on account of the General Elections and the Union Budget.