A strong growth across its entertainment, homeshopping and newswire businesses along with a steady rise in its general and business news channels, as well as its print and web businesses has seen Network18 Media & Investments Ltd report a 31 per cent growth in its consolidated revenues YOY.
At the end of the second quarter which ended in September 09, the unconsolidated net profit of the company stood at Rs 833.63 million as against Rs 167.77 million in the corresponding quarter of FY09.
While Sport18 and E18 have also shown a sequential revenue growth of 30 per cent, the commission income of Homeshop18 has doubled on a YOY basis, with gross sales crossing the Rs 450-million mark in Q2 FY10.