TV18 Broadcast Q3 net profit up 40% at Rs 205 crore

Media firm TV18 Broadcast on Tuesday reported a 39.60 per cent rise in its consolidated net profit at Rs 205.16 crore for the quarter ended December 31, 2019.

The company had posted a net profit of Rs 146.96 crore for the corresponding period of the previous fiscal, TV18 Broadcast said in a regulatory filing.

Consolidated revenue from operations of the company stood at Rs 1,425.37 crore for the quarter, as against Rs 1,474.70 crore a year ago.

“Our emphasis on delivering value to the consumer, expanding the partner ecosystem and raising profitability were the primary milestones during the past quarter,” TV18 Chairman Adil Zainulbhai said.

Amidst a difficult ad-environment and continued regulatory flux, the rise in rankings for flagship channels is a positive indicator for the future, he added.