MUMBAI: Raghav Bahl's Television Eighteen, TV18, announced its financial results yesterday. For the year ended March 2003, revenue is up 25.06 per cent, at Rs 361.7 million, compared to Rs 289.21 million last year. Net profit for the year is at Rs 30.2 million, compared to a loss of Rs 46.41 million last year.
For the fourth quarter revenues are up 8.9 per cent sequentially to Rs 106.65 million, from Rs Rs 97.9 million last quarter. Revenues in Q4 2002 stood at Rs 82.46 million.
The company has posted a 108.87 per cent QoQ increase in consolidated net profit to Rs 24.23 million, compared to Rs 11.6 million last quarter, the company has reported. Net profit for Q4 2002 was Rs 4.01 million.
The financial performance includes TV 18 India and its subsidiary companies TV 18 Mauritius, Eighteen Entertainment India, E18, and Moneycontrol.com.