Rekha Jhunjhunwala-Owned TV18 Broadcast Stock Zoom 65 Percent In Last One Month

New Delhi: Ace investor Rakesh Jhunjhunwala wife's Rekha Rakesh Jhunjhunwala who holds around 1.46 percent stake of TV18 Broadcast has zoomed nearly 65 percent to hit an over 10-year rallying 11 percent on the Bombay Stock Exchange (BSE) on Thursday's intra-day trade.

After the company posted an impressive figure for October-December 2021 quarter (Q3FY22), the stocks of the company zoomed 65 percent.

The Company is engaged in the business of broadcasting of general and business television channels.

As per the data, the company's stock was up by 8 percent at Rs 75.10 as compared to a 0.98 percent rise in the S&P BE sensex at 10:50 PM.

In Q3FY22, the company reported its highest-ever consolidated operating earnings before apart from interest taxes, depreciation and EBITDA at Rs 355 crore with margins of 22.7 percent. However, as compared to Q3FY22, in Q3FY21 operating EBITDA and margins stood at Rs 321 crore and 23.6 percent.

Interestingly, the strong revenue growth momentum continued during the quarter as the company reported its highest-ever quarterly revenue of Rs 1,567 crore, up 15.1 percent year-on-year (YoY), according to a statement by the company.

Apart from these, profit before tax rose 24 percent YoY to Rs 344 crore friven by growth in revenues, controlled opex and lower finance costs. Meanwhile, consolidated profit after tax PAT) de-grew 17.5 percent YoY to Rs 311 crore from 377 crore in a year ago quarter.

Also read: Rakesh Jhunjhunwala Lost Rs 1340 crore In Just Two Months Due To This Stock

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