Mumbai:UTV Software Communications Ltd on Thursday announced its results for the quarter ended 31 December. Operating revenues and operating income of the company grew 183% and 1050% to Rs123.2 crore and Rs23 crore, respectively, compared with the same quarter last fiscal.
Operating revenues and operating income of the company for the nine months ended 31 December grew by 86% and 435% to Rs250.4 crore and Rs50.3 crore, respectively, compared with the same period last fiscal.
The company has consolidated the financials of UTV-US, UTV-UK, UTV-IOM and UTV BL and the group’s indirect subsidiaries Ignition Entertainment Ltd, Indiagames Ltd, and UTV-Mauritius and UTV’s joint venture Windmill Entertainment Ltd.
The board of directors, in its meeting on Thursday, took on record the unaudited consolidated financial results of UTV Software Communications Ltd and its subsidiaries.
Company CEO Ronnie Screwvala said, “Our strong results in the third quarter of fiscal year 2007-2008 are further proof that we can deliver sustained growth, which are a result of the hard work, dedication and team work that has been our strong foundation over the few years of our existence. Our revenue and profit growth in this quarter further solidifies the UTV growth story and proves that we are delivering on the high growth trajectory which we have been strategically investing into since the past six quarters.
Network18 group revenue up 60% in Q3
New Delhi:Network18 Media and Investments Ltd, the holding company for the diversified media and entertainment group, on Thursday reported a 60% surge in consolidated group revenues to Rs186 crore for the quarter ended 31 December.
Operating profit was up 262% to Rs67 crore and profit after tax was at Rs27 crore in the third quarter of fiscal 2008, a statement said. The company declared a maiden interim dividend of 25%.
Television18 India Ltd, the company that houses all business news-related ventures of the group such as the TV channels, CNBC-TV18 and CNBC-Awaaz, said its third quarter revenues surged 27% to Rs112 crore. Staff Writer