TV18 Broadcast Limited Reports Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2015
January 15, 2016 at 01:18 am EST
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TV18 Broadcast Limited reported unaudited standalone and consolidated earnings results for the third quarter and nine months ended December 31, 2015. For the quarter, on standalone basis, the company reported total income from operations (net) of INR 1,702.575 million against INR 1,495.244 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 431.325 million against INR 300.561 million a year ago. Profit from ordinary activities before tax was INR 455.149 million compared to INR 335.176 million a year ago. Net profit was INR 455.149 million or INR 0.27 per basic and diluted share compared to INR 335.176 million or INR 0.20 per basic and diluted share a year ago.
For the nine months, on standalone basis, the company reported total income from operations was INR 4,299.867 million against INR 4,291.362 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 572.399 million against INR 829.461 million a year ago. Profit from ordinary activities before tax was INR 642.191 million compared to loss of INR 462.708 million a year ago. Net profit was INR 642.191 million or INR 0.37 per basic and diluted share compared to loss of INR 462.708 million or INR 0.27 per basic and diluted share a year ago.
For the quarter, on consolidated basis, the company reported total income from operations was INR 6,924.199 million against INR 6,072.302 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 912.328 million against INR 649.413 million a year ago. Profit from ordinary activities before tax was INR 923.189 million compared to INR 640.669 million for the same period a year ago. Net profit was INR 780.383 million or INR 0.46 per basic and diluted share compared to INR 535.09 million or INR 0.35 per basic and diluted share a year ago.
For the nine months, on consolidated basis, the company reported total income from operations was INR 18,976.283 million against INR 16,886.451 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 1,177.112 million against INR 1,288.305 million a year ago. Profit from ordinary activities before tax was INR 1,143.46 million compared to loss of INR 1,035.361 million for the same period a year ago. Net profit was INR 806.397 million or INR 0.57 per basic and diluted share compared to loss of INR 1,252.366 million or INR 0.30 per basic and diluted share 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.