TV Today Network - 4QFY21 Result Update by Mr. Amarjeet Maurya, Angel Broking
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Below are Views On TV Today Network - 4QFY21 Result Update by Mr. Amarjeet Maurya - AVP - Mid Caps, Angel Broking Ltd
During the 4QFY21, TV Today Network Ltd (TV Today) reported revenue of ~Rs 214 cr (up ~4% YoY) on back of slowdown in ad spend. On the EBITDA front, the company has reported Rs50cr and EBITDA margin at 23.2% (up by 86bps yoy due to lower cost). On the bottom-line front, PAT grew by ~30% to Rs 36cr on back of lower taxes. Currently, we are positive on stock.
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