TV18 Broadcast surges 12% on clocking highest-ever operating Ebitda in Q3

TV industry saw an all-time high advertising volumes in the third quarter driven by strong consumer demand, increased spending by existing brands for a higher share of voice.

Shares of TV18 Broadcast surged 12 per cent to Rs 55.15 in Wednesday's intra-day trade on the BSE, after the company reported its highest-ever consolidated operating earnings before interest, taxes, depreciation, and amortization (ebitda) at Rs 355 crore with margins of 22.7 per cent for October-December 2021 quarter (Q3FY22). In Q3FY21, operating ebitda and margin stood at Rs 321 crore and 23.6 per cent, respectively.

Strong revenue growth momentum continued during the quarter as the company reported its highest-ever quarterly revenue of Rs 1,567 crore, up 15.1 per cent year-on-year (YoY), despite the pandemic induced headwinds faced by the