India's TV18 Broadcast falls on posting quarterly loss

TV18 Broadcast

19/04/2024 05:33

** Shares of TV18 Broadcast  TVEB.NS  fall as much as 4.6%
to 45 rupees; last down 2% 
    ** The media company posted consol net loss for the
Jan-March qtr from profit a year earlier as expenses jump ~87%,
rev from ops up ~66% 
    ** Stock down 2% so far this week, on track to post second
straight weekly loss 
    ** Shares fell 8% in Jan-March qtr after posting three
consecutive quarterly gains 
    ** Another billionaire Mukesh Ambani-owned media firm,
Network18 Media  NEFI.NS , posted weak results; shares down 2.6%
    ** Including session's losses, stock down 8% YTD, NEFI and
peer NDTV  NDTV.NS  down 0.2% and 17%, respectively
    


 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))