MUMBAI: Raghav Bahl’s Television Eighteen has posted revenue of Rs 647.46 million, up 67 per cent year on year.
The company’s operating profit stood at Rs 319.49 million, up 51 per cent year on year.
The other highlights are as follows:
Operating Margin – News Operations: 51.40%
Operating Margin – Internet and Software Operations: 31.45%
Total Operating Margin – 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, “This 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.”
