TV18 Broadcast Limited Reports Unaudited Standalone and Consolidated Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2016
April 20, 2016 at 04:56 am EDT
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TV18 Broadcast Limited reported unaudited standalone and consolidated earnings results for the fourth quarter and full year ended March 31, 2016. For the quarter, on standalone basis, the company's income from operations was INR 1,961.97 million compared to INR 1,764.71 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 562.36 million compared to INR 552.33 million a year ago. Profit from ordinary activities before tax was INR 586.71 million compared to INR 609.01 million a year ago. Net profit was INR 586.71 million compared to INR 609.01 million a year ago. Basic and diluted earnings per share was INR 0.34 compared to INR 0.36 a year ago.
For the year, on standalone basis, the company's income from operations was INR 6,261.84 million compared to INR 6,056.07 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 1,134.76 million compared to INR 1,381.79 million a year ago. Profit from ordinary activities before tax was INR 1,228.9 million compared to INR 146.302 million a year ago. Net profit was INR 1,228.9 million compared to INR 146.302 million a year ago. Basic and diluted earnings per share was INR 0.72 compared to INR 0.09 a year ago.
For the quarter, on consolidated basis, the company's income from operations was INR 6,713.37 million compared to INR 6,297.47 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 842.99 million compared to INR 745.69 million a year ago. Profit from ordinary activities before tax was INR 842.88 million compared to INR 862.58 million a year ago. Net profit was INR 835.97 million compared to INR 867.68 million a year ago. Basic and diluted earnings per share was INR 0.48 compared to INR 0.56 a year ago.
For the year, on consolidated basis, the company's income from operations was INR 25,689.66 million compared to INR 23,183.92 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 2,020.097 million compared to INR 2,125.18 million a year ago. Profit from ordinary activities before tax was INR 1,986.34 million compared to loss from ordinary activities before tax of INR 172.78 million a year ago. Net profit was INR 1,642.37 million compared to net loss of INR 384.68 million a year ago. Basic and diluted earnings per share was INR 1.06 compared to loss per share of INR 0.26 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.