TV Today Network Q1: Total YoY income declines by 36% to Rs 175.45 crore

Net profit falls 75% to Rs 12.76 crore

e4m by exchange4media Staff
Updated: Aug 7, 2020 5:07 PM
Tvtoday

TV Today Network reported a 75% decline in net profit for the first quarter ended on June 30. The net profit stands at Rs 12.76 crore in current quarter against Rs 51.03 crore in the previous year quarter.

The network also reported a decline of 36.35% in total income to Rs 175.45 crore as compared to Rs 260.50 crore in previous year quarter. The total expenses for the network has declined by 18.93%. The company posted total expenses of Rs 147.64 crore as compared to Rs 182.11 crore in the previous year quarter.

The firm's television broadcasting revenue saw a decline of 33.67%. It posted a revenue of Rs 137.79 crore in the current quarter against Rs 207.74 in the same period last year. Meanwhile, the radio broadcasting revenue decreased by 93.92% to Rs 0.23 crore. The company posted radio broadcasting revenue of Rs 3.78 crore last year for the same period.

The newspaper publishing business of the network too saw a decline in revenue of 62.89% to Rs 2.13 crore as compared to Rs 5.74 crore in the previous year quarter.

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