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TV18: ...and the show continues

May 5, 2004

TV18, India's premier business news broadcaster and a leading media content provider had recently reported robust performance for 4QFY04 and FY04. For the quarter ending March 2004, the company posted a 118% YoY growth in bottomline on the back of a 61% YoY growth in the topline. Aided by this quarter's performance, and those of the past three, TV18's profits for FY04 have jumped 358% YoY and its revenues have surged by 44%. Operating margins for FY04 were at 43%, significantly higher than 28% last year.

Consolidated snapshot…
(Rs m) 4QFY03 4QFY04 Change FY03 FY04 Change
Net Sales 107 171 60.7% 362 520 43.9%
Other Income 1 -   - -  
Expenditure 69 83 19.9% 260 297 14.3%
Operating Profit (EBDIT) 38 88 135.7% 102 224 118.9%
Operating Profit Margin (%) 35.2% 51.6%   28.3% 43.0%  
Interest (3) 3   15 13 -18.8%
Depreciation 8 15 96.1% 31 41 31.6%
Profit before Tax 33 71 112.8% 55 170 207.0%
Extraordinary Items (4) (7)   (15) (25)  
Tax 5 11 115.7% 11 11 1.2%
Profit after Tax/(Loss) 24 53 117.7% 29 134 357.5%
Net profit margin (%) 22.7% 30.8%   8.1% 25.7%  
No. of Shares (m) 11.6 14.9   11.6 14.9  
Diluted Earnings per share         9.0  
P/E ratio         25.1  

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