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TV18 Broadcast Ltd today reported consolidated net profit of Rs 10.11 crore in the second quarter ended September 30, 2013-14, driven by lower finance costs and increase in other income.
The company had reported net loss of Rs 40.56 crore in the July-September quarter of last fiscal, 2012-13. It logged net sales of Rs 483.17 crore during Q2, 2013-14, up 32.82 per cent compared to Rs 363.76 crore in the same period last fiscal, the company said in a BSE filing.
Finance cost in Q2 was at Rs 15.31 crore as against Rs 49.11 crore in the corresponding quarter last year, while other income during the quarter stood at Rs 10.40 crore compared to Rs 3.88 crore.
Overall expenses during the quarter were at Rs 455.88 crore, an increase of 26.06 per cent as against Rs 361.62 crore in the same quarter last year. The company's scrip was trading at Rs 22.75 in the afternoon trade, down 0.87 per cent from the previous close, on the BSE.
The company had reported net loss of Rs 40.56 crore in the July-September quarter of last fiscal, 2012-13. It logged net sales of Rs 483.17 crore during Q2, 2013-14, up 32.82 per cent compared to Rs 363.76 crore in the same period last fiscal, the company said in a BSE filing.
Finance cost in Q2 was at Rs 15.31 crore as against Rs 49.11 crore in the corresponding quarter last year, while other income during the quarter stood at Rs 10.40 crore compared to Rs 3.88 crore.
Overall expenses during the quarter were at Rs 455.88 crore, an increase of 26.06 per cent as against Rs 361.62 crore in the same quarter last year. The company's scrip was trading at Rs 22.75 in the afternoon trade, down 0.87 per cent from the previous close, on the BSE.
