The firm had a net profit of Rs 7.47 crore in FY07, Zee News said in a filing to the Bombay Stock Exchange.
The company's net sales and income from operations rose to Rs 367.51 crore in FY08, from Rs 240.51 crore in the previous fiscal.
The board has declared a dividend of 40 per cent on shares of face value of Re one.
For the year ended March 31, the company announced a standalone net profit of Rs 37.30 crore, a four-fold growth over the year-ago period.
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The company had a net profit of Rs 9.94 crore in FY07.
The company's net sales and income from operations rose to Rs 358.22 crore in FY08, from Rs 235.73 crore a year ago.
Commenting on the results Zee News Managing Director L N Goel said, "FY08 has seen excellent growth in revenues and profitability due to our focused business approach for each channel."
Shares of Zee News closed at Rs 52.35, up 1.26 per cent on the BSE.