TV18 reports profit for second quarter

BENGALURU: TV18 Broadcast Limited (TV18), the subsidiary of the Mukesh Dhirubhai Ambani controlled Network18 Media and Investments Ltd (Network 18) reported a consolidated total comprehensive income of Rs 118.3 million for the quarter ended 30 September 2017 (Q2-18, current quarter) as compared to the negative comprehensible income of Rs 74.5 million for the corresponding year ago quarter (y-o-y) and a negative comprehensible income of Rs 187.1 million for the immediate trailing quarter Q1-18 (q-o-q).

Consolidated Net Profit after tax for the current quarter was Rs 73.3 million as compared to a y-o-y loss of Rs 11.4 million and a q-o-q loss of Rs 142.8 million. Total Comprehensible loss attributable to non-controlling interest in the company declined to Rs 1.9 million in Q2-18 as compared to a Total Comprehensible loss attributable to non-controlling interest of Rs 50.3 million in Q2-17 and Total Comprehensible loss attributable to non-controlling interest of Rs 23.2 million in Q1-18.

Consolidated Total Income in Q2-18 declined 6 percent to Rs 2,349.7 million as compared to Rs 2,500.8 million in Q2-17, but was 3.6 percent higher than the Rs 2,267.2 million in Q1-18.

Consolidated Total Expenditure declined 8.1 percent y-o-y in the current quarter to Rs 2,474.4 million from Rs 2,692.7 million and was 1.9 percent lower q-o-q as compared to Rs 2,523 million.

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