KOLKATA: TV Today Network has posted an operating revenue of Rs 176.71 crore in Q2. The company has posted a net profit of Rs 27.40 crore.

Although the operating revenue is up on a like-to-like basis, it has declined compared to the corresponding quarter last year. In Q2 FY 20, the company reported Rs 180.45 crore operating revenue.

It further reported that the net profit grew by 13.5 per cent. The media company posted a net profit of Rs 23.70 crore in the Q2 2019-20.

TV broadcasting revenue grew 0.9 per cent YoY to Rs 143. 6 crore led by strong recovery in ad spends across major verticals post the unlock along with the positivity around festive season. It posted a net revenue (in the broadcasting business) of Rs 142.28 crore in the same period in 2019.

Radio broadcasting segment witnessed a negative growth of 65.7 per cent YoY to Rs 0.95 crore. TV Today posted a net revenue (in the radio broadcasting business) of Rs 2.77 crore in Q2 2019-20.

Newspaper publishing segment witnessed a decline of 87.1 per cent YoY to rupees one crore. It posted a net revenue (in the print publishing business) of Rs 7.75 crore in Q2 2019-20.

The company has further realigned its senior management with key elevations.