Network18 Media & Investments Ltd has reported a 31 per cent growth in its consolidated revenues YOY. The company has posted strong growth across entertainment, homeshopping and newswire businesses. Reasonably good growth is also seen in its general and business news channels, as well as its print and web businesses.
The unconsolidated net profit for the second quarter ended September 30, 2009 stood at Rs 833.63 million as against Rs 167.77 million in the corresponding quarter of FY09.
Homeshop18’s commission income has doubled on a YOY basis, with gross sales crossing the Rs 450-million mark in Q2 FY10.
Sport18 and E18 have also shown a sequential revenue growth of 30 per cent.