TV18 Broadcast Q4 net up 2-fold at Rs 35.9 cr

Income from operations stood at Rs 563.29 crore during Q4, 2013-14

Press Trust of India New Delhi
Last Updated : May 27 2014 | 3:38 PM IST
TV18 Broadcast Ltd today reported over two-fold increase in consolidated net profit at Rs 35.9 crore for the fourth quarter ended March 31, 2014.

Income from operations stood at Rs 563.29 crore during Q4, 2013-14, up 18.67%, as against Rs 474.66 crore in the same period last fiscal, the company said in a BSE filing.

Network18 Group CEO B Saikumar said: "We are extremely pleased that all our broadcast operations continued to deliver their margins despite softness in the advertising environment.

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"While our Business news operations remained stable, our General news operations, led by CNN IBN, have turned around this year due to a strong focus on operational synergies, further aided by elections."

Overall expenses during the quarter were at Rs 513.76 crore, an increase of 13.92% from Rs 450.97 crore in the same quarter last year.

The company's scrip was trading at Rs 33.75 on the BSE in the afternoon trade, up 2.90% from the previous close.
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First Published: May 27 2014 | 2:36 PM IST

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