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.

Posted in:

Estimated reading time: 0 minutes, 39 seconds

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.

DreamDTH is the source for breaking news and exclusive updates in DTH and Television industry! For the latest news and updates, follow us on Twitter, Google News, Telegram and Facebook. For the latest videos updates, subscribe to our YouTube channel.

Avatar of Basil Kannagi Arasu
Basil Kannagi Arasu

Editor-in-chief

Basil currently works as the Editor-in-chief at DreamDTH. He likes to write and cover the latest happenings in the Media and Entertainment Industry in India. You can always find him browsing his phone.

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Visit our forums

Join the discussions with thousands of active members who share the same interests as you and learn something new...