Network 18 group firm, TV18 Broadcast Ltd on Thursday posted consolidated net profit of Rs 21.12 crore for the quarter ended June 30, 2011. The media firm had posted consolidated net loss of Rs 11.11 crore during the three months ended June 30, 2010, it said in a filing to the Bombay Stock Exchange. The firm's consolidated sales for the first quarter of the current fiscal grew 53.55 per cent to Rs 265.94 crore, compared to Rs 173.19 crore in the same quarter last financial year.
TV18's consolidated numbers include the joint ventures with Viacom18 where it has 50 per cent share, besides a similar percentage of equity in IBN Lokmat and other smaller subsidiaries.
The company's scrips closed at Rs 63.30 per share, up 1.12 per cent from the previous close on the BSE.