Network 18 Media Q3 results: Net profit jumps two-fold to Rs 333 cr

Organization 18 Media and Investments Ltd on Tuesday revealed more than two-crease hop in merged net benefit to Rs 333.38 crore for the second from last quarter finished December 2020.

The organization had posted a merged net benefit of Rs 148.29 crore in the relating time frame last financial, Network 18 Media and Investments Ltd said in an administrative recording.

Income from activities during the quarter under survey remained at Rs 1,422.45 crore as against Rs 1,473.70 crore in the year-prior period, it added.

Absolute costs during the second from last quarter were lower at Rs 1,168.17 crore when contrasted with Rs 1,304,38 crore in a similar period past monetary, the organization said.

The flare-up of COVID-19 pandemic internationally and in India is causing huge aggravation and stoppage of monetary action, it added.

The gathering has assessed the effect of this pandemic on its business tasks and dependent on audit and current pointers of future monetary conditions, there is no critical effect on merged monetary outcomes and the gathering hopes to recuperate the conveying measure of every one of its resources, it said.

Credit: Stocks-Markets-Economic Times

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