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TV18 Broadcast Q1 net loss narrows to Rs 6.82 cr

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Press Trust of India New Delhi

Media firm TV18 Broadcast today reported a consolidated net loss of Rs 6.82 crore for the first quarter ended June 30, 2018.

The company had registered a net loss of Rs 14.28 crore in the April-June quarter of the previous fiscal.

Its total income during the quarter under review stood at Rs 1,095.65 crore. It was Rs 226.72 crore in the same quarter a year earlier, TV18 Broadcast said in a BSE filing.

The company said consequent to Viacom18 Media and IndiaCast Media Distribution becoming subsidiaries with effect from March 1, 2018, the figures for the current quarter are not comparable with those of the earlier quarters.

 

The stock was trading 0.65 per cent lower at Rs 45.55 apiece in afternoon trade on BSE.

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First Published: Jul 24 2018 | 1:36 PM IST

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