Advertisement

Network18 Media Q3 net profit falls 7.9 pc to Rs 306.9 cr

Agencies | Updated on: Tuesday, January 18, 2022, 08:52 PM IST

Logo |
Logo |
Advertisement

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)

(To receive our E-paper on whatsapp daily, please click here. To receive it on Telegram, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

Published on: Tuesday, January 18, 2022, 08:52 PM IST