Wednesday, 2 May 2018

Bennett Coleman and Company Ltd’s net profit drops 27%

The profit of India’s one of biggest media groups the Bennett Coleman and Company Ltd (BCCL) has gone down 26.61% for the fiscal ended March 2017. This time the group collected Rs 827 crore as against a net profit of Rs 1127 crore in the last FY.

The group’s PAT margin came down 13.5% compared to 17.8% in the previous fiscal. The company’s revenue has also dropped 3.14% to Rs 6125 crore compared to Rs 6324 crore in the year-ago period.

The group owns The Times of India and The Economic Times in English, Navbharat Times in Hindi, Maharashtra Times in Marathi, Vijay Karnataka in Kannada, and EiSamay in Bengali. It also publishes magazines, Filmfare and Femina. It also owns Radio Mirchi, through its subsidiary, Entertainment Network India Ltd (ENIL), in which the promoter group holds 71.15% equity stake. In broadcasting sector, the group owns Zoom TV (general entertainment channel), Times Now (English news channel), ET Now (business news channel), Romedy Now, Mirror Now, Movies Now, and Movies Now Plus (movie channels). The internet properties of the group are operated through a wholly owned subsidiary, Times Internet Ltd (TIL).

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