TV18 Broadcast’s net profit of fourth quarter for FY 2014-15, has increased by 166 per cent from Rs 35.9 crore to Rs 95.47 crore. The share price of TV 18 surged nearly 9 per cent after declaring the financial result.
The shares jumped from Rs 36.50 and closed at Rs 39.70 on BSE. The high price for the day was Rs 41.80 (14.52 per cent increase) which was also its 52-week high.
At the NSE, it rose by 8.61 per cent from Rs 36.55 to Rs 39.70.
On the volume front, 103.52 lakh shares of the company changed hands at the BSE and over 4 crore shares were traded at the NSE during the day.
Total income from operations during the quarter stood at Rs 629.74 crore as compared with Rs 565.29 crore in the year ago period.