Shares of TV18 Broadcast Ltd surged nearly 9 per cent today after the company reported a consolidated net profit of Rs 95.47 crore for the fourth quarter ended March 31, 2015.
The shares jumped 8.77 per cent to settle at Rs 39.70 on the BSE. During the day, it had surged 14.52 per cent to its 52-week high of Rs 41.80.
At the NSE, it rose by 8.61 per cent to end at Rs 39.70.
On the volume front, 103.52 lakh shares of the company changed hands at the BSE and over 4 crore shares were traded at the NSE during the day.
TV18 Broadcast Ltd today reported a consolidated net profit of Rs 95.47 crore for the fourth quarter ended March 31, 2015. The company had registered a net profit of Rs 35.90 crore in the same quarter last fiscal.
Total income from operations during the quarter stood at Rs 629.74 crore as compared with Rs 565.29 crore in the year—ago period.
The company however said its results were not comparable with the previous period as Equator Trading Enterprises had become wholly owned subsidiary.