TV18 Broadcast Q1 results: Net profit down 92% to Rs 1.88 crore

Media firm TV18 NSE 1.83 % Broadcast Ltd on Wednesday reported a 91.88 per cent decline in consolidated net profit at Rs 1.88 crore for the first quarter ended June 2020. The company had posted a net profit of Rs 23.17 crore in April-June quarter of previous fiscal, TV18 Broadcast NSE -1.56 % said in a regulatory filing.

Its revenue from operations fell 35.20 per cent to Rs 775.93 crore during the quarter under review as against Rs 1,197.51 crore in the corresponding quarter a year ago.