TV18 Broadcast Q1 Results: Operating profit jumps 323%, revenue rises 49%
FirstpostThe company posted a 16.2 percent jump in operating margin highest ever during the first quarter. The operating margin was 5.7 percent in the corresponding quarter last fiscal TV18 Broadcast Ltd reported a robust growth in operating profit and revenue for the quarter ended in June. “TV News advertising remained resilient despite the second wave, led by a rise in news consumption and digital events replacing physical ones," the company said. “Our share of TV entertainment rose further to around 11 percent in Q1FY22, up sharply from a low of around 9.2 percent in Q1FY21," TV18 said. Subscription revenue grew 4 percent year-on-year. TV18 Broadcast Ltd said that cost controls were maintained across business lines, despite second wave driven escalations.