Padmalaya Tele nets Rs 40 mn in Q2

HYDERABAD: Padmalaya Telefilms Limited has posted a net profit of Rs 40 million on sales income of Rs 260 million for the second quarter ended 30 September. Its net profit in the same period in the last financial year was Rs 30.75 million and sales income was Rs 160.94 million.

For the first half of the current fiscal, the company recorded a net profit of Rs 90.13 million on a sales income of Rs 520.86 million.

The company made a tax provision of Rs 40.11 million for the half-year, as compared to that of Rs 20.80 million.

The newly launched cable division, through acquisition of Zee Group's Siti Cable network in the state, added Rs 160.87 million to the topline and Rs 10.73 million to the operating profit of the company in the first half.

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