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Turnaround for TV18 in Q2 FY14: PAT at Rs 10.1 cr vs loss of Rs 40.6 cr in Q2 FY13

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Turnaround for TV18 in Q2 FY14: PAT at Rs 10.1 cr vs loss of Rs 40.6 cr in Q2 FY13

TV18 Broadcast has posted net profit after tax and minority interest of Rs 10.1 crore for the second quarter ended September 30, 2013 as compared to net loss after tax and minority interest of Rs 40.6 crore in Q2 FY13.

EBITDA was up three times to Rs 39.6 crore YoY in Q2 FY14, as compared to Rs 14.2 crore in the corresponding quarter of the previous fiscal, registering a growth of 178 per cent.

Net distribution income (Subscription Revenues – Carriage Expenses and Commissions) maintained a robust trajectory; Q2 FY14 net distribution income stood at Rs 39.1 crore, the highest-ever on a quarterly basis and a swing of Rs 51 crore year on year.

Consolidated total income increased from Rs 369.0 crore in Q2 FY13 to Rs 493.6 crore in Q2 FY14.

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