TV9 group revenues touch Rs 200 crore in FY 18

: Associated Broadcasting Company Pvt Ltd (ABCPL), which operates a host of new channels in different languages under TV9 logo, has recorded 21 per cent growth in revenue to a little over Rs 200 crore in FY 18.

The company made Rs 5.86 crore profit after tax during the year, according to Care Ratings.

ABCPL was recently in the news after its CEO and whole-time director Ravi Prakash was shown the door on allegations of forgery, among other charges.

Alanda Media and Entertainments had acquired over 90 per cent stake in ABCPL last year.

"This (growth in FDY 18) is primarily on account of Telangana and Karnataka TV9 channels gaining popularity and ability of the channels to maintain its leadership position," Care said in a rating report.

Maintaining leadership position was possible with its effective marketing and selling strategies resulting in increased revenues, Care said.

Care Ratings assigned 'CARE BBB, Stable' to ABCPLs Rs 25-crore long-term bank facilities and Care A3 .