Viacom 18 Media’s net profit for the fiscal ended March 2018 increased 2.7 times to Rs 82.7 crore as compared to Rs 30.6 crore in the previous fiscal.
According to a report in the Television Post, the company’s revenue from operations saw a massive increase of 21% to Rs 3685.4 crore as against Rs 3036.4 crore in the previous fiscal. Total expenses increased 20% to Rs 3593.7 crore compared to Rs 3005.8 crore.
However, Licence fees remain at Rs 26.1 crore as against Rs 26 crore. Additionally, the company also generates revenue from licensing and merchandising of products, brand solutions, organizing live events, over the top (OTT) and digital content delivery platform and marketing partnerships.
Revenue from ad, distribution and programme syndication increased 13% Rs 3216.4 crore as compared to Rs 2850 crore.
Operational expenses jumped 18% to Rs 2839.5 crore compared to Rs 2326.5 crore. Programming costs were up 23% to Rs 2115.9 crore from Rs 1718.3 crore.
Marketing and advertisement costs jumped 32% to Rs 366.9 crore from Rs 278.7 crore. Transmission and up linking costs stayed flat at Rs 105.9 crore compared to Rs 105.2 crore.
Other distribution costs rose 13% to 224.5 crore from Rs 198.1 crore.
Viacom18 had inventories worth Rs 1016.2 crore for programming and film rights compared to Rs 952.2 crore in the year-ago period. The inventory for projects in progress was Rs 324.4 crore compared to Rs 248.2 crore.
Viacom 18 is a 51:49 joint venture between TV18 and Viacom.