TV Today Network's Profit up by 17.8%, Revenue Declines
TV Today Network Ltd reported a 17.8% increase in consolidated net profit for the September quarter, reaching Rs 8.27 crore. Despite the profit surge, revenue from operations dropped by 3.31% to Rs 206.77 crore. Total expenses decreased slightly, while the share price fell by 6.75% on the BSE.
- Country:
- India
TV Today Network Ltd has announced a significant rise in its consolidated net profit for the September quarter, marking a 17.8% increase to Rs 8.27 crore compared to last year.
Despite this profitability boost, the company's revenue from operations experienced a decline of 3.31%, amounting to Rs 206.77 crore. This figure is a drop from Rs 213.86 crore recorded during the same quarter in the previous fiscal year.
The expenses of the company have seen a minor decrease of 2.47%, totaling Rs 207.91 crore for the July-September period, while the total income, factoring in other income, dipped by 1.68% to Rs 219.37 crore. Meanwhile, TV Today Network's shares closed at Rs 192.75 on the BSE, experiencing a 6.75% decline from the previous closing price.
(With inputs from agencies.)
- READ MORE ON:
- TV Today
- net profit
- increase
- revenue
- operations
- expenses
- BSE
- shares
- decrease
- fiscal year
ALSO READ
Intensified Security Operations: Terrorist Hideout Busted in Jammu and Kashmir
Delhi Deputy Speaker Calls for Respectful Observance of Namaz and Navratri Traditions
Moeen Ali Steps Up in Absence of Sunil Narine, Shines Against Rajasthan Royals
CBSE Cracks Down on Dummy Schools: Impact on Students and Parents
Onus of not attending regular school also falls on concerned students, parents: CBSE officials on 'dummy schools'.
Google News