Annual report released
Financial performance:
“During the fiscal, subscription revenues were lower as compared to the last fiscal primarily due to volatile viewing habits,emergence of the second and third wave of the pandemic in the country, high inflation and conservative spending. Theresultant average revenues per user (ARPU) declined as well. Operating revenues for the year were 28,025 million. EBITDA for the year stood at ₹16,442 million while EBITDA margin was 58.7 per cent. Financial expenses continued todecline due to repayment of borrowings. PBT before exceptional items grew from ₹823 million to ₹2,727 million in FY2021-22. The Company reported exceptional losses of ₹26,539 million leading to a net loss for the full year of ₹18,672 million. The Company stayed focused on deleveraging its balance sheet for the fourth year in a row and paid off ₹4,343 million during the year thus reducing its overall debt to ₹3,756 million at the end of fiscal 2022 as compared to 8,099 million at the close of fiscal 2021. “
EBITDA of 1644 crores.If we take 10x valuation it is 16440 crores.Maybe a 5 bagger.
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