NDTV soars on turnaround Q4 results
Q4FY13 net profit at Rs 27.80 crore against loss of Rs 41.30 crore in the corresponding quarter of the previous financial year.
New Delhi Television (NDTV) has soared 19% to Rs 90 on NSE after reporting a consolidated net profit of Rs 27.8 crore for the fourth quarter ended March 31, 2013 (Q4), against a net loss of Rs 41.30 crore in the corresponding quarter of the previous financial year.
The company, which runs the NDTV 24X7, NDTV Profit and NDTV India channels, has seen its total income from operations increase by 35% to Rs 187 crore on year-on-year basis. Operating profits too surged over four-fold to Rs 42 crore for the quarter, compared to Rs 8 crore in the previous year.
The stock opened at Rs 83.40 and hit a 52-week high of Rs 90.45 on NSE. A combined 856,632 shares changed hands on the counter in early morning deals against an average sub 50,000 shares that were traded daily in past two weeks on NSE and BSE.
The company, which runs the NDTV 24X7, NDTV Profit and NDTV India channels, has seen its total income from operations increase by 35% to Rs 187 crore on year-on-year basis. Operating profits too surged over four-fold to Rs 42 crore for the quarter, compared to Rs 8 crore in the previous year.
The stock opened at Rs 83.40 and hit a 52-week high of Rs 90.45 on NSE. A combined 856,632 shares changed hands on the counter in early morning deals against an average sub 50,000 shares that were traded daily in past two weeks on NSE and BSE.