TV Today Network Q2 net profit at Rs 12.83 cr

Written by PTI | New Delhi | Updated: Nov 7 2013, 23:53pm hrs
TV Today, TV Today NetworkTV Today's shares closed at Rs 108.65 on the BSE, down 2.86 per cent from their previous close. Reuters
TV Today Network today reported a standalone net profit of Rs 12.83 crore for the second quarter ended September 30.

The company had posted net loss of Rs 9.15 crore during the same period of the previous fiscal, TV Today Network said in a filing to the BSE.

TV Today Network's net sales rose by 35.94 per cent to Rs 91.45 crore in the July-September quarter from Rs 67.27 crore a year earlier.

Revenue from TV broadcasting increased by 35.50 per cent to Rs 87.62 crore this quarter from Rs 64.66 crore in the same quarter in the previous year.

TV Today's revenue from FM radio broadcasting increased by 53.96 per cent to Rs 4.08 crore from Rs 2.65 crore in second quarter of last year.

The company's shares closed at Rs 108.65 on the BSE, down 2.86 per cent from their previous close.