TV18 Broadcast Q1 net profit falls 63% to Rs 60 cr, revenue rises 9.5%

Media firm TV18 Broadcast Ltd on Tuesday reported a 63.05 per cent decline in its consolidated net profit to Rs 60.02 crore for the first quarter ended on June 30, 2022.

The company had posted a net profit of Rs 162.44 crore for the April-June period of the previous fiscal, TV18 Broadcast said in a regulatory filing.

Its consolidated revenue from operations rose by 9.53 per cent to Rs 1,265.05 crore during the quarter under review compared to Rs 1,154.98 crore in the corresponding quarter a year ago.

TV18 Broadcast’s total expenses were at Rs 1,244.37 crore in April-June 2022-23, up 23.68 per cent compared to Rs 1,006.07 crore in the year-ago quarter.