New Delhi: TV18 Broadcast Ltd on Monday reported a consolidated net profit of Rs 29.9 crore and a total income of Rs 1,196.55 crore for the fourth quarter ended 31 March.
The media and entertainment firm had registered a net profit of Rs 4.67 crore and a total income of Rs 765.12 crore in the January-March quarter of the previous financial year.
In a regulatory filing, TV18 Broadcast said consequent to Viacom18 Media Pvt Ltd and IndiaCast Media Distribution Pvt Ltd becoming subsidiaries with effect from 1 March, 2018, the figures for the current quarter and nine months are not comparable with those of the corresponding periods.
TV18 chairman Adil Zainulbhai said: "The new tariff order has thrown up an opportunity for broadcasters to tailor content creation and curation as well as monetisation dynamics much more closely to the end-consumer, thereby aligning supply to real demand."
He added that as regional and digital content takes over the mantle of driving growth from national general entertainment channels (GECs), it is even more imperative that the company stitches together an ecosystem which can provide everything the new-age Indian needs.
Shares of TV18 Broadcast were trading 4.68 percent lower at Rs 36.70 apiece on the BSE.
Your guide to the latest election news, analysis, commentary, live updates and schedule for Lok Sabha Elections 2019 on firstpost.com/elections. Follow us on Twitter and Instagram or like our Facebook page for updates from all 543 constituencies for the upcoming general elections.
Updated Date: Apr 15, 2019 16:36:26 IST