Network18 Media climbs after Q4 PAT jumps 242% YoY to Rs 206 cr
Network18 Media & Investments rallied 2.86% to Rs 39.60 after the company's consolidated net profit surged 241.91% to Rs 205.80 crore on 3.40% decline in revenue from operations to Rs 1,414.70 crore in Q4 FY21 over Q4 FY20. Consolidated operating EBITDA jumped 24% to Rs 279 crore in Q4 FY21 as against Rs 225 crore in Q4 FY20. Operating EBITDA margin improved to 19.7% in Q4 FY21 as compared to 15.4% in Q4 FY20. The Q4 earnings were announced after market hours on Tuesday, 20 April 2021. The market was shut yesterday (21 April 2021) on account of Ram Navami. The Entertainment operating margins ...
Source: business-standard.com