TV Today Network Shares Tumble 2.2% on Q3 Profit Plunge

TV Today Network Ltd (TVTO.NS) shares dropped 2.2% in pre-open trade on Wednesday, February 12, 2025, following disappointing Q3 FY25 results. The media company reported a sharp 83.9% year-on-year decline in net profit to ₹8.27 crore for the quarter ended December 31, 2024. Revenue also fell 31.78% to ₹219.37 crore, marking the lowest quarterly decline in three years. EBITDA plummeted to ₹12.23 crore, with margins contracting to 5.58%. Despite the weak performance, the stock's high dividend yield of 4.52% may provide some support. Analysts advise caution, citing ongoing challenges in the media sector and the company's recent closure of its FM radio operations.

 

Sources: Economic Times, Moneycontrol, CNBC TV18