Indian media, entertainment sector to see 27% revenue growth in FY22: Crisil
Rs1,200 crore was spent on TV ads by Indian e-commerce companies in three months ended September 2015. Photo: Priyanka Parashar/Mint
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. Updated: 23 Feb 2021, 04:38 PM IST PTI
Indian media and entertainment sector is expected to witness a strong 27% growth in revenue to around ₹1.37 lakh crore in 2021-22, after contracting 26% this fiscal, according to ratings agency Crisil
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NEW DELHI :
Indian media and entertainment (M&E) sector is expected to witness a strong 27% growth in revenue to around ₹1.37 lakh crore in 2021-22, after contracting 26% this fiscal, according to ratings agency Crisil.
Indian media and entertainment (M&E) sector is expected to witness a strong 27 per cent growth in revenue to around Rs 1.37 lakh crore in 2021-22, after contracting 26 per cent this fiscal, according to ratings agency Crisil. Segments such as digital and television (TV) will have relatively shorter time to bounce-back to pre-pandemic levels while print, films, outdoor, and radio would take longer. Crisil Ratings Ltd Director Nitesh Jain said advertisement and subscription revenues contribute nearly equally to the overall M&E sector s topline, but since the former correlates strongly with economic growth, the pandemic has had a bigger impact on it.
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Indian Media, Entertainment Sector To See 27% Revenue Growth In FY22: Crisil Next fiscal, with strong economic rebound on the cards, ad revenue should grow 31 per cent on-year and subscription revenue around 24 per cent,
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Indian media and entertainment (M&E) sector is expected to witness a strong 27 per cent growth in revenue to around Rs 1.37 lakh crore in 2021-22, after contracting 26 per cent this fiscal, according to ratings agency Crisil.
Segments such as digital and television (TV) will have relatively shorter time to bounce-back to pre-pandemic levels while print, films, outdoor, and radio would take longer.
January 27, 2021
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Most developers are now operating at pre-pandemic levels, up from 70 per cent at the end of June
Moderation in overall revenue growth for road-building engineering, procurement and construction (EPC) companies will be limited to 5-8 per cent this fiscal despite a 16 per cent de-growth logged in the first half.
Various road EPC companies, whose operations were impacted because of Covid-19-led lockdowns, have seen good revenue recovery since the second quarter, with order booking riding strong on steady awarding by government agencies and operations back to near normal, according to Crisil.
The pullback in revenue growth, together with continued prudent working capital management and healthy balance sheets, will help keep credit quality of road EPC companies stable.