TV Today surges 5% as Q3 net profit climbs 40%

NEW DELHI: Shares of TV Today surged 5 per cent in Tuesday's trade after the company reported a 40 per cent jump in Q3 net profits to Rs 36.9 crore from Rs 26.34 crore in the same quarter a year ago.

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Reacting to the earnings, the scrip gained 4.55 per cent to hit a high of Rs 303.90 on the BSE. The stock has risen 7.1 per cent in the past four sessions. The company saw its net sales rise 18 per cent in the quarter under review from Rs 126.11 crore to Rs 148.68 crore.