TV18 Broadcast Ltd has reported a steady quarter with consolidated revenues at Rs 302 crore and an operating profit of Rs 24.8 crore from continuing operations (Rs. 6.1 crores on a reported basis) for Q2 FY12.
Consolidated revenues were up 17 per cent from Rs 257 crore (proforma) against the corresponding quarter last year.
Business news operations delivered a steady quarter and revenues increased by Rs 6 crore. Q2 FY12 revenues on a reported basis stood at Rs 73.7 crore, up 8 per cent against Rs 68 crore against the corresponding quarter last year. Operating profit stood at Rs 16.3 crore in Q2 FY12.
In general news operations, CNN-IBN consolidated its leadership position as the channel of choice for English audiences in a highly competitive market. Q2 FY12 revenues grew 36 per cent and on a reported basis stood at Rs 72.2 crore against Rs 53 crore in Q2 FY11.
History channel was successfully launched in October 2011. Rs 5.7 crore of pre-operative expenses were incurred in the current quarter.