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Arasu Cable TV FY18 net profit sinks 91% to Rs 1.68 cr

rahul1117kumar

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Tamil Nadu government-owned multi system operator (MSO) Arasu Cable TV Corporation’s unaudited net profit for the fiscal ended March 2018 has dropped 91% to Rs 1.68 crore compared to Rs 18.22 crore in the previous fiscal.

However, the cable TV service provider’s revenue for the fiscal has jumped 5.5% to Rs 248.95 crore compared to Rs 235.9 crore in the prior fiscal. As per the Information Technology department’s policy note for fiscal 2018-19, Arasu had procured 24 lakh set top boxes (STBs) for providing it to the public at free of cost. The corporation has provided a depreciation of Rs 28 crore additionally for the STB procurement.

Arasu Cable TV FY18 net profit sinks 91% to Rs 1.68 cr
 
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