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TV18 Broadcast reports 95.56% fall in Q2 consolidated net profit

19 Oct 2022 Evaluate

TV18 Broadcast has reported results for second quarter ended September 30, 2022.

The company has reported net loss of Rs 12.47 crore for Q2FY23 as against net profit of 31.43 crore for the corresponding quarter previous year. Total income of the company decreased by 1.13% to Rs 306.35 crore for the quarter under review as compared to Rs 309.86 crore for the same quarter in the previous year.

On the consolidated basis, the company has reported fall of 95.56% in its net profit at Rs 10.28 crore for the quarter under review as compared to Rs 231.4 crore for the same quarter in the previous year. Total income of the company increased by 12.32% to Rs 1483.42 crore for the quarter under review as compared to Rs 1320.72 crore for the same quarter in the previous year.

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