Raj Television net profit down by Rs 7.41 crores in Q1 FY 19-20

Raj TV net profit down to Rs 73 lakhs in Q1 FY 19-20. Reduction of around Rs 740 lakhs. Total expenses increase as well.

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By Basil Kannagi Arasu

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Raj Television Network Limited yesterday announced its unaudited financial results for the quarter ending June 30, 2019.

Raj TV registered an income Rs 1,704.03 lakhs from its operations as against Rs 2,280.19 lakhs in the previous quarter. Total income reduced to Rs 1706.91 lakhs from Rs 2,291.17 lakhs in the previous quarter.

Total expenses increased to Rs 1,621.59 lakhs from Rs 1,514.26 lakhs in the previous quarter. While revenue costs, employees benefit costs, finance costs decreased, administrative and other expenses increase manifolds increasing the total expenses.

Profit after tax reduced down to Rs 73.57 lakhs from Rs 814.66 lakhs in the previous quarter. Earning per share stood at Rs 0.14 as against Rs 1.57 in the last quarter.

At the time of going to press Raj Television was trading at Rs 39 up by Rs 0.05 or 0.13% as against a previous close of Rs 38.95 on the BSE.

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Basil Kannagi Arasu

News Reporter

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Basil likes to cover the latest happenings in the Media and Entertainment Industry in India. You can always find him browsing his phone.

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