TV18 Broadcast Ltd today reported consolidated net profit more than doubled to Rs 51.67 crore in the third quarter ended December 31.
The company had posted a consolidated profit of Rs 21.27 crore in the same period a year earlier.
Total income from operations rose to Rs 525.47 crore from Rs 512.43 crore, the company said in a BSE filing.
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Finance costs declined 46% to Rs 17.1 crore from Rs 31.45 crore. Expenses during the quarter declined to Rs 460.12 crore from Rs 474.99 crore.
TV18 Broadcast shares traded at Rs 22.80 in the afternoon on the BSE, up 3.87%.
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