TV18 Broadcast Q1 net profit dives down by 92%

AgenciesUpdated: Wednesday, July 22, 2020, 10:06 PM IST
article-image
Representational Image | Pixabay

Media firm TV18 Broadcast Ltd on Wednesday reported a 91.88 per cent decline in consolidated net profit at Rs 1.88 crore for the first quarter ended June 2020.

The company had posted a net profit of Rs 23.17 crore in April-June quarter of previous fiscal, TV18 Broadcast said in a regulatory filing.

Its revenue from operations fell 35.20 per cent to Rs 775.93 crore during the quarter under review as against Rs 1,197.51 crore in the corresponding quarter a year ago.

Total expenses stood at Rs 799.20 crore in June quarter, down 33.38 per cent from Rs 1,199.66 crore in the year-ago quarter.

Shares of TV18 Broadcast Ltd were trading 8.32 per cent lower at Rs 35.80 on the BSE during the afternoon trade on Wednesday.

(To receive our E-paper on whatsapp daily, please click here. To receive it on Telegram, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

RECENT STORIES

Daily Horoscope for Wednesday, August 10, 2022, for all zodiac signs by astrologer Vinayak Vishwas...

Daily Horoscope for Wednesday, August 10, 2022, for all zodiac signs by astrologer Vinayak Vishwas...

UGC expects 15,000 African students to avail distance learning programmes on e-Vidya Bharati portal

UGC expects 15,000 African students to avail distance learning programmes on e-Vidya Bharati portal

JEE Main 2022: Despite the challenges, this Mumbai student topped in PWD category

JEE Main 2022: Despite the challenges, this Mumbai student topped in PWD category

Government of India tells airlines to share information of international passenger

Government of India tells airlines to share information of international passenger

Mumbai: Plea against metro depot work in Kanjurmarg, now ‘not pressed’, disposed of

Mumbai: Plea against metro depot work in Kanjurmarg, now ‘not pressed’, disposed of