25 Apr 2019 | 8:17 PM

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COMPANYNEWS
TV18 Broadcast Q4 net profit down 35.83% at Rs 17.98 cr
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Published on 04-15-2019
The company reported standalone net profit of Rs 17.98 crore for the quarter ended March 31 2019 as compared to Rs 28.02 crore in the same period last year registering a year-on-year decline of 35.83 per cent.


Net revenue of the company rose substantially by 26.43 per cent at Rs 288.34 crore in January-March quarter of this fiscal as against Rs 228.06 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 44.28 per cent to Rs 257.26 crore from Rs 178.31 crore in year ago period.


Other Income grew by 72.76 per cent at Rs 13.70 crore versus (Mar`18 Rs 7.93 crore).


Operating Profit slipped by 37.53 per cent to Rs 31.08 crore as against Rs 49.75 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 50.57 per cent in March quarter.


Interest grew by 155.00 per cent y-o-y to Rs 16.32 crore