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Times Group's net profit slides again in FY18, registers 6.84% dip

The firm's consolidated net profit had plunged by 50.54 per cent the previous year

Arnab Dutta  |  New Delhi 

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Bennett Coleman & Company (BCCL), one the country's largest media groups, saw its decline for two consecutive years since 2015-16.

BCCL, known as the in India, registered a 6.84 per cent dip in its in 2017-18. The firm's consolidated had plunged by 50.54 per cent the previous year, according to its fillings with the Registrar of In 2017-18, Times Group’s operating went up by 3.34 per cent to Rs 9,055 crore from Rs 8,762 crore a year ago. However, its net profit stood at Rs 681 crore, down from Rs 731 crore in 2016-17.

In 2016-17, the group’s operating and net profit had taken a beating. While it's operating had declined marginally to Rs 8,762 crore from Rs 8,772 crore, its net profit more than halved from Rs 1,478 crore in 2015-16.

The publisher of widely read newspapers such as the Times of India (ToI) and the Economic Times (ET) consequently posted a net profit margin that was worse than its nearest competitors, for the year ending March, 2018.

First Published: Thu, January 03 2019. 01:34 IST