TV Today surges on turnaround Q1 results

April-June 2013 quarter net profit at Rs 11.98 crore against net loss of Rs 35 lakh in year ago quarter.

Image
SI Reporter Mumbai
Last Updated : Aug 05 2013 | 9:47 AM IST
TV Today Network is locked in upper circuit of 20% at Rs 65.50 on BSE, with no sellers on the counter, after reporting a standalone net profit of Rs 11.98 crore for the first quarter ended June 30, 2013 (Q1), on back of strong operating performance.

The broadcasting and cable TV operator had posted a loss of Rs 35.07 lakh during the same period of the previous fiscal.

Net sales rose 25.9% to Rs 88.84 crore in the April-June quarter from Rs 70.57 crore a year earlier, while total expenses remain unchanged at around Rs 71.27 crore, TV Today Network said in a filing.

The stock opened at Rs 62.75 and has seen a combined 92,716 shares changing hands till 0945 hours. There are pending buy orders for 293,852 shares on BSE and NSE.

 

More From This Section

First Published: Aug 05 2013 | 9:45 AM IST

Next Story