L&T Finance, Network18 Media and Investments, TV18 Broadcast, Alok Industries, and KEC International will also be in focus on Thursday.
The network's ability to consistently enhance its advertisement rates, fueled by a robust viewership, has been a key driver behind its financial success
The Entertainment segment also reported impressive results, with operating revenue increasing by about 80 percent from a year ago.
India’s largest TV news network registered a revenue of Rs 402 crore in Q3FY24, as compared to Rs 327 crore for the same quarter last fiscal.
Another large deal worth Rs 78 crore took place in the company's arm, TV18 Broadcast. Buyers and sellers of this transaction were also unknown.
Digital news business of TV18 and Network18, that include brands such as moneycontrol, firstpost, cnbctv18.com and news18.com, also saw a 20% increase in revenue.
Both TV18 Broadcast and Network18 Media stocks soared up to 10 percent. Other media shares such as DB Corp, PVR Inox, Dish TV, Sun TV were also up in the range of 1-5 percent.
Viacom18 will be the exclusive media rights holder for ISL, India’s top-tier football league, across digital and TV platforms.
TV18 Broadcast reported a 151 percent jump in consolidated revenue for the June quarter, given the streaming of the Indian Premier League (IPL) on JioCinema, while net profit rose 52 percent.
Viacom18 set a new benchmark in digital streaming as IPL's total reach touched 45 crore
Net Sales at Rs 360.50 crore in March 2023 up 4.18% from Rs. 346.05 crore in March 2022.
The company said continued softness in macroeconomic environment led to soft advertisement demand which impeded growth and profitability