TV 18 has posted a 62 per cent revenue growth in the third financial quarter with the revenues pegged at Rs 246 million. The net profit is said to be Rs. 82.5 million and is up by 55 per cent. The operating profit is up by 83 per cent at Rs. 135 million. The operating margin has improved from 48.57 per cent to 55 per cent.
Raghav Bahl, TV18, Managing Director, said, “CNBC-TV18 has completed five very successful years in India. We expect our influence and reach to grow exponentially with the launch of our Hindi language consumer channel, Awaaz. We have also commenced supply of our content to overseas Indians and expect these moves to contribute positively to the company’s operational performance.”
TV 18 has launched its consumer-oriented Hindi business news channel on January 13. The company also began supply of content to a channel focused on the NRI community in the US – South Asia World.