Network18 Media & Investments Ltd reported a consolidated net profit of Rs 61.6 crore for the quarter ending March – a rise of 58.1 percent from last year, Moneycontrol reported on Tuesday.
According to the report, the media company also saw a “14.6 percent on-year rise in consolidated revenue from operations to Rs 1,621.1 crore”. The surge was reportedly driven by an increase in advertising revenues as well as user growth in the company’s news broadcasting and digital operations.
