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TV18 Broadcast reports 88% fall in Q3 consolidated net profit

17 Jan 2023 Evaluate

TV18 Broadcast has reported results for third quarter ended December 31, 2022.

The company has reported fall of 56.11% in its net profit at Rs 31.62 crore for Q3FY23 as compared to Rs 72.05 crore for the corresponding quarter previous year. Total income of the company decreased by 2.87% to Rs 357.94 crore for the quarter as compared to Rs 368.51 crore for the same quarter in the previous year.

On the consolidated basis, the company has reported fall of 87.86% in its net profit at Rs 37.81 crore for Q3FY23 as compared to Rs 311.55 crore for the same quarter in the previous year. However, total income of the company increased by 14.46% to Rs 1,822.92 crore for the quarter under review as compared to Rs 1,592.66 crore for the same quarter in the previous year.

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