TV18 Broadcast, Network18 Top Line, Bottom Line Suffers — Earnings Wrap

Media majors TV18 Broadcast Ltd. and Network18 Media and Investments Ltd. reported a decline in revenue for the March quarter in their respective financial results announced on Monday.

While TV18 Broadcast recorded more than 75% decline in profit at Rs 35.19 crore, Network18 posted a loss of Rs 36.78 crore for the quarter under review.

In the three months to March 2023, Just Dial Ltd. saw its revenue rise 5% to Rs 232.50 crore, and profit grow 11% to Rs 83.6 crore, inclusive of other income of Rs 74.1 crore.

Here are the major earnings announced after market hours on April 18:

TV18 Broadcast Q4 FY23 (Consolidated, YoY)

• Revenue declines 6.03% to Rs 1,405.90 crore as compared with a Bloomberg estimate of Rs 1,380 crore.

• Ebitda down 69.62% to Rs 77.16 crore, as against a Bloomberg estimate of Rs 101.7 crore.

• Ebitda margin at 5.48% vs 16.97%. Analysts had estimated it at 7.4%.

• Profit down 75.49% to Rs 35.19 crore.

Network18 Media & Investments Q4 FY23 (Consolidated, YoY)

• Revenue down 8.5% at Rs 1,484 crore.

• Ebitda down 78.5% at Rs 57.19 crore.

• Ebitda margin at 3.85% vs 16.4%.

• Net loss of Rs 36.78 crore vs net profit of Rs 61.85 crore.

Just Dial Q4 FY23 (Consolidated, QoQ)

• Revenue rises 5% to Rs 232.5 crore.

• Ebitda up 36% at Rs 33.2 crore.

• Ebitda margin at 14.2% vs 11%.

• Net profit up 11% at Rs 83.6 crore. It includes other income of Rs 74.1 crore during the period.

Angel One Q4 FY23 (Consolidated, YoY)

• Revenue rises 21.29% to Rs 825.74 crore.

• Ebitda up 29.89% at Rs 384.97 crore.

• Ebitda margin at 46.62% vs 43.53%.

• Net profit up 30.4% at Rs 266.91 crore.

• The board approved a final dividend of Rs 4 per share for fiscal 2023.

Hathway Cable and Datacom Q4 FY23 (Consolidated, YoY)

• Revenue up 2.41% at Rs 459.59 crore.

• Ebitda down 31.86% at Rs 63.1 crore.

• Ebitda margin at 13.73% vs 20.64%.

• Net loss of Rs 14.62 crore vs net profit of Rs 28.35 crore.