Home ECONOMY TV18 consolidated profit before tax surges by Rs.216 cr

TV18 consolidated profit before tax surges by Rs.216 cr

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Mumbai, April 15:

Television major TV18, a subsidiary company of Network18, on Wednesday said its consolidated profit before tax from period April 2014 to March 2015 rose by a whopping 70.3 percent at Rs.216 crore against Rs.126 crore from April 2013 to March 2014.

Pic Courtesy: www.ibnlive.in.com
Pic Courtesy: www.ibnlive.in.com

In a regulatory filing with the National Stock Exchange, it said for the period under review, operating revenues on a consolidated basis stood at Rs.2,318.4 crore, up by 18 percent compared to Rs.1,968.1 crore during 2013-14.

The consolidated profit before depreciation, interest and taxes grew by 19.8 percent at Rs.252.5 crore during the financial year 2014-2015 against Rs.210.7 crore for the financial year 2013-14.

As per the filing with the bourse, the company said its English general news channel “became the number one channel… during January-March 2015 with a market share of 33 percent. It also increased its viewership by 43 percent from October to December 2014”.

Also, IBN7 emerged as the third most viewed channel with a growth of six percent amongst the Hindi news audience during the review period. (IANS)