MUMBAI: TV Today Network Limited has posted a net profit of Rs 79.9 million in the first quarter of the year ended 30 June 2007, compared to Rs 14.8 million in the corresponding period of the previous year..

During this period the company's total income stood at Rs 556.6 million as against Rs 376 million in the year ago period.

Total expenditure of the company was at Rs 396.3 million as against 311.3 million in the first quarter of FY 07.

TV Today has said that the company has utilised Rs 737.7 million out of the Rs 950 million raised through IPO proceeds.