TV18 Broadcast Q4 net up 2-fold at Rs 35.9 cr

TV18 Broadcast Ltd today reported over two-fold increase in consolidated net profit at Rs 35.9 crore for the fourth quarter ended March 31, 2014.

Income from operations stood at Rs 563.29 crore during Q4, 2013-14, up 18.67%, as against Rs 474.66 crore in the same period last fiscal, the company said in a BSE filing.

Network18 Group CEO B Saikumar said: "We are extremely pleased that all our broadcast operations continued to deliver their margins despite softness in the advertising environment.

"While our Business news operations remained stable, our General news operations, led by CNN IBN, have turned around this year due to a strong focus on operational synergies, further aided by elections."

Overall expenses during the quarter were at Rs 513.76 crore, an increase of 13.92% from Rs 450.97 crore in the same quarter last year.

The company's scrip was trading at Rs 33.75 on the BSE in the afternoon trade, up 2.90% from the previous close.