Operating profit up 88% to Rs. 210.5 crores: TV18

TV18 Broadcast Limited announced its results for the quarter ending March 31, 2014. Announcing the results, Raghav Bahl, Managing Director, Network18 said “We are enthused by the outstanding performance of TV18 for this financial year. All our businesses contributed positively to achieve our highest ever post-tax profits of Rs. 103.6 crores, despite the continued uncertainty in 

Commenting on the results for the quarter, B. Saikumar, Group CEO, Network18 said, “We are extremely pleased that all our broadcast operations continued to deliver their margins despite softness in the advertising environment. IndiaCast has delivered a stellar swing in net distribution income. While our Business news operations remained stable, our General news operations, led by CNN IBN, have turned around this year, due to a strong focus on operational synergies, further aided by the elections. Infotainment operations at A+E Networks I TV18 broke into positive territory. Our broadcast entertainment business at Viacom18, led by Colors, profitably grew operations along with the successful launch of Rishtey and MTV Indies. We are focused on delivering a strong performance in the coming year, as we look forward to an improving media landscape.”