TV18 Broadcast Ltd  today announced quarterly (Q3FY20) results for the quarter ended December 2019.

According to the result updates, the company’s revenue declined 3.3-percent Rs.1425.4-core, on a year-on-year basis. Also, the Company recorded a fall in Profit After Tax (PAT) by 9.4-percent to Rs121.9cr, year-on-year.Avail Stock Market Tips from our experts.

The operational cost has also declined 18-pc to Rs.628.5-cr. The Company’s earnings before interest, tax, depreciation & amortization (EBITDA)scaled higher by 2.5 times to Rs.280.4-Crore, while the margin for the quarter arrived at 19.7 as against 7.8-percent, year-on-year (Q3FY19).

At 2.20-pm, shares of TV18 Broadcast Ltd is trading at Rs28.25 up by Rs3.40 or 13.68 percent from its previous closing of Rs24.85 on the NSE. In comparison, the Sensex quoted flat at 41868, up 9 points and the Nifty stood at 12331, up 1.90 points.