Raj TV Q2 net dips 78% to Rs 7.55 mn

[Dinesh jain]

MUMBAI: Chennai-based broadcaster Raj
Television Network has reported a sharp 78.2 per
cent dip in its net profit for the second quarter of
the fiscal because of a jump in its expenses.
For the three months ended 30 September, Raj
TV Network’s net profit fell to Rs 7.55 million (Rs
75.5 lakh) from Rs 3.46 crore (Rs 34.6 million) in
the year-ago period.
The company’s standalone income from
operations was at Rs 200.75 million (Rs 20.07
crore), up 9.4 per cent compared to Rs 183.5
million (Rs 18.35 crore) in the corresponding
quarter of the previous fiscal.
Raj Television’s expenses jumped 34.57 per cent
to Rs 176.1 million (Rs 17.61 crore) from Rs
130.87 million (Rs 13.09 million). Finance cost
increased to Rs 14.41 million (Rs 1.44 crore)
from Rs 9.71 million (Rs 97.1 lakh) in the earlier-
year period.
Raj Television Network operates an
entertainment channel (Raj TV), a movie channel
(Raj Digital Plus), a music channel in Tamil as
well as in Kannada (Raj Musix) and a 24×7 news
channel (Raj News 24×7).
Raj TV and Raj Digital Plus are free to air in
Chennai and pay channels outside Chennai, while
Raj Musix and Raj News are free channels. It
also broadcasts a channel called Vissa as well
as engages in film production and distribution
operations.
Shares of Raj TV on Monday settled at Rs
119.95 on the BSE, down 0.56 per cent from its
previous close.

Raj TV Q2 net dips 78% to Rs 7.55 mn | TelevisionPost.com