Network18 Media & Investments Ltd reported a 7.93 per cent decline in its consolidated net profit to Rs 306.94 crore for the third quarter ended December 2021.
The company stated that it had posted a net profit of Rs 333.38 crore in the October-December quarter a year ago.
The company's consolidated revenue from operations rises 16.52 per cent to Rs 1,657.43 crore.during October-December 2021.
''Not only did the news business (TV and digital) see a sharp improvement in profitability, but the entertainment business also continued to deliver strong margins,'' stated Network18.
(With inputs from PTI)
