If you are into IT/Software Sector or say in any sector and can bring overseas contracts (or any domestic business related to the software sector), with a stress on Digital Marketing/Content Writing/Website Development/Reputation Management/SEO/SMM, etc, then you can join me as a partner or associate.
We will give you, the business development portfolio and pay you handsome amounts for your efforts. It does not matter, in which part of the world you are, as long as you can bring businesses. If you are interested, please send me at mail at: suman2005s@rediffmail.com.

Saturday, March 08, 2014

TV18 Broadcast: Ready To Surge Ahead
CMP: Rs.22.90
TV18 Broadcast Ltd's consolidated net profit more than doubled (142% from a year earlier) to Rs.51.67 crore in the third quarter ended December 31, 2013, on a fall in programming cost and marketing, distribution and promotional expenses and as its consolidated revenue increased.

The company had posted a consolidated profit of Rs.21.27 crore in the same period a year earlier.

Total income from operations rose to Rs.525.47 crore from Rs.512.43 crore, the company said in a BSE filing. Finance costs declined 46% to Rs.17.1 crore from Rs.31.45 crore. Expenses during the quarter declined to Rs.460.12 crore from Rs.474.99 crore.

The company reported its highest ever quarterly Operating Profit (EBITDA) at Rs.77.5 crore, up 61 per cent year-on-year with both the entertainment and news businesses turning in strong quarters.

On a consolidated basis, the company’s advertising revenues grew 3% year-on-year. While the news and infotainment advertising environment continued to be sluggish, entertainment led by Colors and MTV delivered strong double digit advertising growth.

Its net distribution Income continued its steady growth at Rs.43.6 crore, a rise of 145% year on year.

Entertainment operations at Viacom18, led by Colors delivered a healthy performance even as Motion Pictures saw losses in this quarter. Infotainment operations at A+E Networks I TV18 broke into positive territory and IndiaCast continued on its robust growth trajectory.

Chartically speaking, the scrip is trading above its 100D and 200D SMA and EMA. The MACD and other parameters are more or less in the buy mode. The scrip is expected to give decent return going from here; the immediate target for the scrip seems to be Rs.25.