TV18 Broadcast Limited Reports Audited Standalone and Consolidated Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2013
May 13, 2013 at 09:42 am EDT
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TV18 Broadcast Limited reported audited standalone and consolidated earnings results for the fourth quarter and full year ended March 31, 2013. For the quarter, on standalone basis, the company reported income from operation of INR 1,470.495 million compared to INR 1,896.886 million a year ago. Profit from operations before other income, finance costs, taxes and exceptional items was INR 244.648 million compared to INR 90.601 million a year ago. Profit from ordinary activities before tax was INR 221.840 million compared to loss from ordinary activities before tax of INR 67.618 million a year ago. Net profit after tax was INR 209.492 million or INR 0.12 per basic and diluted share before and after extraordinary items compared to net loss after tax of INR 82.626 million or INR 0.17 per basic and diluted share before and after extraordinary items a year ago.
For the full year, on standalone basis, the company reported income from operation of INR 5,330.800 million compared to INR 6,035.992 million a year ago. Profit from operations before other income, finance costs, taxes and exceptional items was INR 835.556 million compared to INR 308.603 million a year ago. Profit from ordinary activities before tax INR 114.582 million compared to INR 121.168 million a year ago. Net profit after tax was INR 102.234 million or INR 0.11 per basic and diluted share before and after extraordinary items compared to INR 92.425 million or INR 0.19 per basic and diluted share before and after extraordinary items a year ago.
For the quarter, on consolidated basis, the company reported income from operation of INR 4,746.675 million compared to INR 5,030.739 million a year ago. Profit from operations before other income, finance costs, taxes and exceptional items was INR 237.050 million compared to loss from operations before other income, finance costs, taxes and exceptional items of INR 618.138 million a year ago. Profit from ordinary activities before tax INR 157.978 million compared to loss from ordinary activities before tax of INR 389.937 million a year ago. Net profit after tax was INR 140.698 million or INR 0.10 per basic and diluted share before and after extraordinary items compared to net loss after tax of INR 414.115 million or INR 0.69 per basic and diluted share before and after extraordinary items a year ago.
For the full year, on consolidated basis, the company reported income from operation of INR 16,906.646 million compared to INR 13,927.635 million a year ago. Profit from operations before other income, finance costs, taxes and exceptional items was INR 700.924 million compared to loss from operations before other income, finance costs, taxes and exceptional items of INR 958.275 million a year ago. Loss from ordinary activities before tax INR 296.512 million compared to INR 904.142 million a year ago. Net loss after tax was INR 422.391 million or INR 0.27 per basic and diluted share before and after extraordinary items compared to INR 962.174 million or INR 1.53 per basic and diluted share before and after extraordinary items a year ago. Net debt as on March 31, 2013 INR 1,970 million compared to INR 8,680 million a year ago.
TV18 Broadcast Limited is an India-based media company. The Company is primarily engaged in the business of news broadcasting. The Company is also engaged in digital content and allied businesses. It runs a news network in India, spanning business news (four channels), general news (one each in English and Hindi), and regional news (14 channels across India, including a joint venture, News18 Lokmat). The brands like CNBC TV18, News18 India, and CNN News18 are part of this news bouquet. News18 International delivers definitive India-centric news for the Indian diaspora and audiences across the globe. Its subsidiary, Viacom 18 Media Private Limited (Viacom 18), operates a portfolio of television entertainment channels, sports channels and digital platforms. Its brands include Colors, MTV, Nickelodeon, Sports18 and others. Viacom 18 also operates JioCinema and Voot OTT (Over the Top) platforms offering premium and exclusive content as well as catch-up TV for on-demand viewing.