Reliance Broadcast Network Ltd (RBNL) today said its consolidated net loss has narrowed down to Rs 17.15 crore for the third quarter ended December 31, 2012.
The company had posted a net loss of 28.73 crore in the same period of previous fiscal, Reliance Broadcast Network Ltd (RBNL) said in a statement.
Consolidated net sales of the company stood at Rs 71.27 crore for the third quarter, as compared to Rs 82.13 crore in the same period of 2011-12 fiscal.
Commenting on the results, RBNL Chief Executive Officer, Tarun Katial said that the company delivered impressive results in both radio and television businesses, with radio recording its highest ever revenue quarter.
“We are on track to deliver improved margins, and build reach and value in the long term,” Katial added.
RBNL has presence across various verticals including radio, television, intellectual properties and television production.