MUMBAI: TV Today Network, which operates a clutch of news channels including Aaj Tak and Headlines Today, is showing signs of recovery from the economic downturn.

Net profit in the first quarter has surged 81.35 per cent to Rs 166.44 million, after falling over two consecutive quarters.

Total income rose 10.76 per cent to Rs 710.41 million in the quarter.

The company also managed to curtail its expenses to Rs 561.32 million, compared to Rs 551.69 million a year ago. 

Shares of TV Today closed Thursday at Rs 93.55 on the BSE, up 5.41 per cent from its previous close.