TV18 reports profit up by 57 per cent in Q3 FY16

TV18 said it saw operating revenues rise by 14 per cent YoY in Q3 FY16 with 57 per cent YoY increase in profit before tax.

e4m by exchange4media Staff
Published: Jan 16, 2016 12:36 PM  | 1 min read
TV18 reports profit up by 57 per cent in Q3 FY16

TV18 has reported its financial results for Q3 FY16 with operating revenues on a consolidated basis standing at Rs. 692.4 crore in Q3 FY16, up by 14 per cent YoY, from Rs. 607.2 crore in Q3 FY15. Q3 FY16 Profit Before Tax (before exceptional items and prior period items) on a consolidated basis stood at Rs. 92.3 crore, up by 57 per cent YoY, from Rs. 58.8 crore in Q3 FY15.

9M FY16 operating revenues on a consolidated basis stood at Rs. 1,897.6 crore, up by 12 per cent YoY, from Rs.1,688.6 crore.

9M FY16 operating PBDIT on a consolidated basis stood at Rs. 153.2 crore, down by 17 per cent YoY, from Rs. 183.8 crore in 9M FY15. The company said it suffered an operating loss of Rs 45 crore (in 9M Fy16 period) on account of the launch of new ETV news channels and Colors Infinity and also a one-time expense of Rs.10 crore for rebranding ETV regional entertainment channels as Colors.

9M FY16 Profit Before Tax (before exceptional items and prior period items) on a consolidated basis stood at Rs. 114.3 crore against Rs. 114.5 crore in 9M FY15.
 

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