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HomeNewsNational NewsTV Vision faces Rs. 34 Crore loss in FY19
Thursday, 27 June 2019 07:31

TV Vision faces Rs. 34 Crore loss in FY19

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The FY19 losses of TV Vision have broadened. It is a wholly owned subsidiary of Sri Adhikari Brothers Television Network Limited (SABTNL). TV Vision has channels including Mastiii, Dabangg, Maiboli, Dhamaal, and Dillagi. 

Its net loss almost doubled to Rs 34.2 crore as against Rs 17.54 crore in the previous fiscal. It has posted a negative profit before interest lease depreciation and tax (PBILDT) of Rs – 5.66 crore compared to Rs 25.33 crore in the previous fiscal. The revenue has dropped to Rs 117.27 crore as against Rs 123.04 crore in FY18.

In ratings, CARE has placed the rating of TV Vision under the ‘Issuer non-cooperating’ category as the company has failed to provide information for monitoring of the rating as agreed to in its Rating Agreement. The company continues to be non-cooperative despite repeated requests for submission of information through emails, phone calls and a letter/email dated 7th June.

The company’s total operating income has also come down to Rs 15.45 crore from Rs 57.75 crore in FY18.

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