 "TV18 Broadcast Q1 net profit down 92% to Rs 1.88 crore in first quarter")
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.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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