MUMBAI: Raghav BahlÃƒÂ¢Ã¢â€šÂ¬Ã¢â€žÂ¢s Television Eighteen has posted revenue of Rs 647.46 million, up 67 per cent year on year.
The companyÃƒÂ¢Ã¢â€šÂ¬Ã¢â€žÂ¢s operating profit stood at Rs 319.49 million, up 51 per cent year on year.
The other highlights are as follows:
Operating Margin ÃƒÂ¢Ã¢â€šÂ¬Ã¢â‚¬Å“ News Operations: 51.40%
Operating Margin ÃƒÂ¢Ã¢â€šÂ¬Ã¢â‚¬Å“ Internet and Software Operations: 31.45%
Total Operating Margin ÃƒÂ¢Ã¢â€šÂ¬Ã¢â‚¬Å“ News and Internet & software Operations: 49.32%
Net Profit at Rs 193.20 million, up 51 per cent year on year.
Quarterly EPS Rs. 3.69 (on share of Rs 5 face value).
Television Eighteen managing director Bahl said, ÃƒÂ¢Ã¢â€šÂ¬Ã…â€œThis quarter has been an exceptional one for our news and Internet businesses. With the launch of Newswire18, TV18’s operations now span the entire spectrum in the real-time financial information space with comprehensive offerings across television, internet and data terminals. The fundamentals of the broadcast business are set to change with addressability becoming a reality and we believe that it augurs well for all our TV brands. Our internet vehicle – Web18 – continues to invest in building market-leading franchises across several verticals in the information and transaction spaces, and is a key component of our overall strategy.”