TV18 Q3 Net Profit Down 8 Percent

TV18 Broadcast has reported an 8.1 percent decline in consolidated net profit at Rs. 15.87 crore for the quarter ending December 2017 mainly due to higher tax expenses. The company had posted a net profit of Rs. 17.27 crore during the same period previous fiscal. Total income during the quarter under review grew 8.88 percent to Rs. 277.37 crore as against Rs. 254.73 crore in the October–December quarter previous fiscal. Total expenses during the quarter stood at Rs. 260.91 crore as against Rs. 238.41 crore in the year ago period. Total tax expenses during the period were Rs. 19.23 crore compared to Rs. 6.11 crore in the corresponding period previous fiscal. TV18 Broadcast stock was trading 5.29 percent down at Rs. 61.75 on BSE.