Institute of Management, Nirma University

Master of Business Administration, Batch 2021-23

Financial Accounting and Reporting

Individual Assignment - 1

Company Assigned: TV18 Broadcast Limited

Submitted to: Prof. Shantanu Mehta

Prepared by: Hardik Parikh

Roll No: 211259
Section: D

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 1. What is the company’s business? Explain in about 50 to 60 words.

TV18 Broadcast Limited is India’s largest News Broadcast network which belongs to
the Network 18 Group. The company is in the business of broadcasting news programs.
It is also involved in the Media and Entertainment Industry and it is the third largest
company in Television Entertainment Sector.

2. What industry does the company belong to and what is the company’s position in
the industry?

The company belongs to the Entertainment and Media Industry and in terms of the
market cap, it stands at fourth position as compared to its peers with market cap of
around 6700 crores. TV18 has the largest news network in the country spanning 4
business news channels, 2 general news channels and 14 regional news channels.

3. What are its main products and services? Name some of the company’s brands, if
any.
Category Products/Services

Business News

General News

Regional News

General
Entertainment

Regional
Entertainment

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 English
Entertainment

Kids
Entertainment

Youth and
Music

Infotainment

4. Who are the company’s Auditors?

S.R. Batliboi & Associates LLP, Charted Accountants (ICAI Firm Regn. No.
101049W/E300004) are the auditors of the company. They have been assigned as the
auditors for a term of 5 years beginning from 2017.

5. State the high and low share prices of the company during the F.Y. 2019-20.

BSE Month NSE Month

High (₹) 39.30 April 2019 39.30 April 2019
Low (₹) 11.85 March 2020 11.90 March 2020

6. Who are the Board of Directors of the company and members of the Audit
Committee?

Board of Directors
1. Adil Zainulbhai
(Chairman & Independent Director)
2. Dhruv Subodh Kaji
(Independent Director)
3. Rajiv Krishan Luthra
(Independent Director)
4. Renuka Ramnath
(Independent Director)
5. P.M.S. Prasad
(Non-Executive Director)
6. Jyoti Deshpande
(Non-Executive Director)
7. Rahul Joshi
(Managing Director)

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 Audit Committee
1. Mr. Adil Zainulbhai
(Independent Director, Chairman of the Committee)
2. Mr. Dhruv Subodh Kaji
(Independent Director)
3. Mr. Rajiv Krishan Luthra
(Independent Director)
4. Mr. P.M.S. Prasad
(Non-Executive Non-Independent Director)

7. State briefly significant information in public domain (such as newspapers, magazines)

company since April 1, 2020 till date, if any. The information must be supported by
reference of a newspaper or a magazine.

In the fourth quarter of financial year 2019-20, TV18 Broadcast Limited recorded the
profit of 141.83 crores. This net profit was five times as compared to the net profit
recorded in the fourth quarter if financial year 2018-2019. The total revenue of the
company in the fourth quarter was 5174.94 crores which was up by 4.69% in
comparison to that of previous year. The company also claimed that there was no
significant impact of the Covid-19 pandemic on the financial results of the fourth
quarter.

“TV18 Broadcast q4 PROFIT SURGES NEARLY Five-Fold to RS 142 CR; Revenue from
Operations up 21% to Rs 1,425 CR-HEALTH News , Firstpost.” Firstpost, 23 Apr. 2020,
www.firstpost.com/health/tv18-broadcast-q4-profit-surges-nearly-five-fold-to-rs-142-cr-
revenue-from-operations-up-21-to-rs-1425-cr-8293021.html.

TV18 Broadcast Limited, in the first quarter of financial year 2021-22 recorded the rise
in net profit by 323% in comparison to the previous year. The profit increased to 188
crores from 44 crores in the first quarter of financial year 2020-21. There was an
increase in the revenue by 49% as compared to previous year. Also there was a rise in
margin by 16.2%. Despite the second wave of the Covid-19 pandemic they were able
to do business profitably in first quarter of financial year 2021-22.

“TV18 Broadcast Q1 Results: Operating PROFIT Jumps 323%, Revenue RISES 49%-
Business News , Firstpost.” Firstpost, 20 July 2021, www.firstpost.com/business/tv18-
broadcast-q1-results-operating-profit-jumps-323-revenue-rises-49-9822321.html.

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References

Limited, Mittal Analytics Private. “TV18 Broadcast Ltd.” Screener,

www.screener.in/company/TV18BRDCST/consolidated/.
Moneycontrol.com. “TV18 Broadcast Share Price, TV18 Broadcast Stock Price,
TV18 BROADCAST LTD. Stock Price, Share Price, Live Bse/Nse, TV18
BROADCAST LTD. Bids Offers. Buy/Sell TV18 BROADCAST Ltd. News & Tips,
& F&o QUOTES, NSE/BSE Forecast News and LIVE QUOTES.” Moneycontrol,
Moneycontrol,
www.moneycontrol.com/india/stockpricequote/mediaentertainment/tv18broadcast/IB
N.

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