BENGALURU: TV Today Network Limited (TVTN) reported 4.6 per cent decline in standalone Total Income from Operations (TIO) in the quarter ended 30 June, 2015 (Q1-2016) to Rs 127.11 crore as compared to the TIO of Rs 133.22 crore in Q1-2015. TIO, in the current quarter however, increased 11 per cent as compared to the Rs 114.54 crore in the immediate trailing quarter Q4-2015. 

Profit after tax (PAT) for Q1-2016 declined 45.2 per cent to Rs 17.96 crore (14.1 per cent margin) as compared to the Rs 32.79 crore (24.6 per cent margin) in the corresponding year ago quarter, but more than doubled 2.07 times) the Rs 8.69 crore (7.6 per cent margin) in Q4-2015.  

Note: 100,00,000 = 100 lakh = 10 million = 1 crore

All numbers in this report are standalone unless stated otherwise.

The company’s radio segment, Oye FM, also reported improved q-o-q operating results, but y-o-y operating results declined. Revenue from TV Today’s radio segment declined 26.7 per cent to Rs 2.47 crore in Q1-2016 as compared to the Rs 3.37 crore in the corresponding year ago quarter, and declined by an even larger 36.8 per cent as compared to the Rs 3.90 crore in Q4-2015. Though operating loss in the current quarter was higher at Rs 2.62 crore as compared to the Rs 2.56 crore in Q1-2015, it was lower than the Rs 2.98 crore in Q4-2015.