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Network18 makes huge earnings Growth.

Network18 Media reported a more than nine-fold jump in net profit to Rs 547 crore for financial year 2021 boosted by expanding margins in the television news business and the digital news segment breaking even. The company shrugged off the COVID impact to grow domestic advertisement revenues while keeping a tight leash on costs. Increasing television viewership and digital consumption after the pandemic have also contributed to the improvement in financials.Network18 was trading 11.95 percent higher at Rs 43.10 and TV18 Broadcast was up 19.60 percent at Rs 32.95 on the BSE.
Full-year EBITDA (earnings before depreciation, interest, taxation and amortisation) for the group rose 29 percent to Rs 796 crore despite revenues dipping 12 percent in a year struck by the COVID-19 pandemic.Within the television business, margins in TV News nearly doubled to 16 percent in FY21. Although overall operating revenues in this segment contracted 4 percent, advertisement revenues grew through the year despite TV News ratings remaining under blackout since October 2020.

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