TV18 Broadcast Limited Reports Unaudited Stand-Alone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2013
February 10, 2014 at 09:05 am
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TV18 Broadcast Limited reported unaudited stand-alone and consolidated earnings results for the third quarter and nine months ended December 31, 2013. For the quarter on stand-alone basis, the company reported total income from operations was INR 1,446.185 million against INR 1,476.888 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 433.134 million against INR 327.496 million a year ago. Profit from ordinary activities before tax was INR 404.94 million compared to INR 222.999 million for the same period a year ago. Net profit after tax and minority interest was INR 404.94 million or INR 0.24 basic and diluted earnings per share against INR 222.999 million or INR 0.16 basic and diluted earnings per share a year ago. Operating profit (EBITDA) was INR 487.00 million compared to INR 386.00 million last year.
For the nine months on stand-alone basis, the company reported total income from operations was INR 3,650.484 million against INR 3,944.883 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 583.27 million against INR 590.908 million a year ago. Profit from ordinary activities before tax was INR 419.936 million compared to loss from ordinary activities before tax of INR 107.258 million for the same period a year ago. Net profit after tax and minority interest was INR 416.569 million or INR 0.24 basic and diluted earnings per share against net loss after tax and minority interest of INR 107.258 million or INR 0.15 basic and diluted loss per share a year ago. Operating profit (EBITDA) was INR 746.00 million compared to INR 1,065.00 million last year. Income from operations was INR 3,628.00 million compared to INR 5,111.00 million last year.
For the quarter on consolidated basis, the company reported total income from operations was INR 5,254.707 million against INR 5,124.715 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 653.463 million against INR 374.354 million a year ago. Profit from ordinary activities before tax was INR 542.983 million compared to INR 202.881 million for the same period a year ago. Net profit after tax and minority interest was INR 516.758 million or INR 0.30 basic and diluted earnings per share against INR 212.730 million or INR 0.15 basic and diluted earnings per share a year ago. Operating profit (EBITDA) was INR 775.00 million compared to INR 481.00 million last year.
For the nine months on consolidated basis, the company reported total income from operations was INR 14,048.299 million against INR 12,244.48 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 1,054.046 million against INR 463.874 million a year ago. Profit from ordinary activities before tax was INR 712.072 million compared to loss from ordinary activities before tax of INR 454.490 million for the same period a year ago. Net profit after tax and minority interest was INR 677.24 million or INR 0.40 basic and diluted earnings per share against net loss after tax and minority interest of INR 427.534 million or INR 0.61 basic and diluted loss per share a year ago. Operating profit (EBITDA) was INR 1,408.00 million compared to INR 1,121.00 million last year.
TV18 Broadcast Limited is an India-based media company. The Company is primarily engaged in the business of news broadcasting. The Company is also engaged in digital content and allied businesses. It runs a news network in India, spanning business news (four channels), general news (one each in English and Hindi), and regional news (14 channels across India, including a joint venture, News18 Lokmat). The brands like CNBC TV18, News18 India, and CNN News18 are part of this news bouquet. News18 International delivers definitive India-centric news for the Indian diaspora and audiences across the globe. Its subsidiary, Viacom 18 Media Private Limited (Viacom 18), operates a portfolio of television entertainment channels, sports channels and digital platforms. Its brands include Colors, MTV, Nickelodeon, Sports18 and others. Viacom 18 also operates JioCinema and Voot OTT (Over the Top) platforms offering premium and exclusive content as well as catch-up TV for on-demand viewing.