Today, TV18 unveiled its result for the second quarter ended 30th September 2016. The company reported 71 per cent decline in consolidated net profit at Rs 5.15 crore for the second quarter against the net profit of Rs 17.78 crore in the equivalent quarter in the previous financial year. The TV18 share price plunged over 7 per cent intraday after the company declared its Q2 result.
The stock opened at Rs 47.20 and had traded at the high and the low of Rs 48.20 and Rs 42.65, respectively, in trade so far. The company had reported a net loss of Rs 14.13 crore in the previous quarter ended June 30, 2016. At 3.00 pm, TV18 share price was trading 7.04 per cent down at Rs 43.60.
Consolidated total income from operations of the company improved by 5.33 per cent to Rs 239.83 crore for the second quarter as compared to Rs 227.68 crore in the corresponding quarter last financial year. The total expenditure of the company hiked to Rs 262.57 crore from Rs 245.69 crore during the same period.
On a standalone basis, bottom-line figures of TV18 Broadcast climbed to Rs 18.96 crore, up 146 per cent, against Rs 7.70 crore in the corresponding quarter last year.
In the last one year,TV18 share price has risen 35.55 per cent to Rs 46.90, whereas BSE Sensex gained 2.97 per cent during the same period while the benchmark index Nifty rose by 5%.
Meanwhile, the stock closed at Rs. 43.80 and was last traded at Rs. 44.25, down by 5.65%. A total of 3.25 crore shares changed hands over the NSE trading counter today. TV18 is among the top 500 performing stocks that are identified by the Dynamic Levels for the quarter. For the resistance and support levels of TV18, visit TV18 share price forecast page of Dynamic Levels website.
No comments:
Post a Comment