TV18 annouced its fourth quarter and fiscal year 2010-11 results today. In FY11, the company recorded a consolidated operating profit of Rs 63 crore, a growth of over 240% compared to FY2010. However, the company's Q4 consolidated net profit came in at Rs 1 crore, which is 83% lower than the net profit (Rs 6 crore) it reported in the previous quarter.
Its consolidated income from operations was up at Rs 178 crore versus Rs 146 crore, quarter-on-quarter.TV18 Q4, YoY.On a year on year basis, TV18's consolidated net profit was down at Rs 1 crore versus Rs 31 crore. For the same period, its consolidated income from operations was down at Rs 178 crore versus Rs 192 crore.Key highlights of Q4 FY2011- Revenues grew to Rs 590 crore during the year (from Rs. 553 crores in FY10) on a reported basis; 12% growth in news operations and 16% growth in digital operations.
- Operating Profits grew to Rs 63 crore during the year (from Rs 26 crore in FY10) driven by continued strong profitability in business news operations; the company continues to invest in building its digital businesses in Infomedia18 and Web18.
- Q4 FY2011 continued its robust performance with consolidated revenues at Rs 178 crore and operating profits at Rs 25 crore; a sequential growth of over 20%.(Note: Web18, which owns Moneycontrol.com and Indiaearnings.com, belongs to the Network 18 Group).
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