While Goenka’s plan included recalibration of cost structure for businesses such as OTT or the implementation of content and tech strategies to drive revenues, certain outputs of the firm will also need to be curtailed to improve revenues and margins.
The Subhash Chandra-promoted company had reported a 9% growth in its consolidated net profit for the July-September quarter at Rs 123 crore compared to Rs 113 crore in the same quarter last year. The operating revenue in Q2 rose 20% year-on-year (YoY) to Rs 2,437 crore.