TV Today Network has reported a standalone net profit of 36.57 crore for the fourth quarter ended March 31. The company had posted a net loss of 18.40 crore in the January-March quarter a year ago. Its total income from operations during the quarter under review stood at 171.03 crore as against 143.67 crore in the corresponding quarter of the previous fiscal, up 19 percent.
For the entire fiscal, the company reported an increase of 77.34 percent in its standalone net profit at 107.88 crore compared to 60.83 crore in the 2015-16 fiscal.
Total income during the fiscal stood at 594.12 crore as against 583.05 crore in the previous fiscal.
Meanwhile, the company's board has approved an investment of 12 crore in equity shares of its wholly owned subsidiary, Mail Today Newspapers Pvt. Ltd. The company has recommended a final dividend of 2 per equity share having face value of 5 each for the financial year 2016-17.