TV18 Broadcast reports net profit of Rs 19.69 cr in Q3

TV18 Broadcast today reported a 76.80 percent fall in consolidated net profit at Rs 19.69 crore for the third quarter ended December 31, 2016. The company had reported a consolidated net profit of Rs 84.88 crore during the corresponding quarter last fiscal. Its total income from operations during the quarter stood at Rs 249.97 crore, up marginally by 0.92 percent as against Rs 247.68 crore during the same period last fiscal, TV18 Broadcast said in a BSE filing.During the quarter, the company's other income fell by 63.73 percent to Rs 4.74 crore, while tax expenses rose sharply by over seven-fold to Rs 6.10 crore as against Rs 84.14 lakh reported in the corresponding quarter of the previous financial year.