Network18 Media Q3 profit jumps to Rs 77.16 cr, revenue rises 20%
Moneycontrol | January 15, 2019
Network18 Media & Investments has reported a 24-fold year-on-year increase in third-quarter consolidated profit at Rs 77.16 crore, driven by operating leverage. Profit in the year-ago quarter stood at Rs 3.19 crore. "Operating leverage drove profitability, especially led by continued strong performance of regional channels across both our news and entertainment portfolios," the company said. Consolidated operating revenue during the quarter increased 20 percent year-on-year to Rs 1,524 crore.