While the general news and niche genres witnessed continued softness, our advertising revenues from entertainment led by Colors grew strongly.
Net Distribution Income continued to grow steadily to Rs. 39.1 crores this quarter.
Reported operating profit (EBITDA) for the quarter stood at Rs. 39.6 crores, up 178pc over previous year.
The company turned in a profit after tax of Rs. 10.1 crores for the quarter.
Announcing the results, Raghav Bahl, Managing Director, Network18 said, "Even though the macroeconomic environment continued to be uncertain, the media and entertainment industry is well poised to deliver robust growth.
"During the current quarter our broadcasting operations turned in strong operating profits. We are particularly heartened by the doubling of operating profits in the first half of the current financial year as compared to previous year."
--IBNS (Posted on 28-10-2013)