TV18 Broadcast is currently trading at Rs. 38.85, up by 2.35 points or 6.44% from its previous closing of Rs. 36.50 on the BSE.
The scrip opened at Rs. 36.85 and has touched a high and low of Rs. 39.90 and Rs. 35.70 respectively. So far 5324913 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 39.90 on 15-Apr-2014 and a 52 week low of Rs. 23.80 on 08-May-2014.
Last one week high and low of the scrip stood at Rs. 39.90 and Rs. 30.40 respectively. The current market cap of the company is Rs. 6737.44 crore.
The promoters holding in the company stood at 60.41% while Institutions and Non-Institutions held 10.53% and 29.06% respectively.
TV18 Broadcast has posted over three fold jump in its net profit at Rs 60.90 crore for the quarter ended March 31, 2015 as compared to Rs 17.55 crore for the same quarter in the previous year. Total income of the company has increased by 17.69% at Rs 183.77 crore for quarter under review as compared to Rs 156.15 crore for the quarter ended March 31, 2014.
On consolidated basis, the company has posted over two fold rise in its net profit after taxes, share in profit of associate and minority interest at Rs 95.47 crore for the quarter ended March 31, 2015 as compared to Rs 35.91 crore for the corresponding quarter in the FY14. Total income of the company has rose 15.07% at Rs 658.49 crore for quarter under review as compared to Rs 572.26 crore for the same quarter ended previous year.
For the year ended March 31, 2015, the company has posted a fall of 75.29% in its net profit at Rs 14.63 crore as compared to Rs 59.21 crore for the same period in the previous year. However, total income of company increased 16.79% at Rs 620.70 crore for year under review as compared to Rs 531.45 crore for the period ended March 31, 2014.
For the year ended March 31, 2015, on the consolidated basis, the company has posted a fall of 57.02% in its net profit after taxes, share in profit of associate and minority interest at Rs 44.54 crore as compared to Rs 103.63 crore for the same period in the previous year. However, total income of company has increased by 18.46% at Rs 2369.74 crore for year under review as compared to Rs 2000.54 crore for the period ended March 31, 2014.
Equator Trading Enterprises (including its subsidiaries Panorama Television and Prism TV) had become wholly owned subsidiary of the Company with effect from January 22, 2014. Hence, the consolidated results of the current period include the results of these subsidiary companies. Eenadu Television had also become an associate with effect from January 22, 2014 and its results have been accounted as 'Associate' under Accounting Standard 23 on Accounting for Investments in Associates in Consolidated Financial Statements. To this extent, the results of this period are not comparable with the corresponding previous period.
| Company Name | CMP |
|---|---|
| Zee Entertainment | 87.70 |
| Sun TV Network | 650.35 |
| GTPL Hathway | 68.16 |
| Network 18 Media Inv | 35.92 |
| TV Today Network | 115.94 |
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