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TV Today Network Ltd yesterday reported a consolidated net loss of Rs 1.98 crore for the September quarter, on account of exceptional items. The company had reported a net profit of Rs 8.27 crore in the July-September period a year ago, according to a regulatory filing from TV Today Network.
According to a PTI report from New Delhi, the TV Today Network had reported a profit before exceptional items and tax of Rs 5.26 crore during the quarter.
TV Today Network‘s attempts at asset sales, including an MoU with Creative Channel for its FM radio stations, were unsuccessful after the agreement was terminated, leading to the forfeiture of a Rs 10 crore advance.
A Storyboard18.com report added that revenue from television and other media operations stood at Rs 185.68 crore, down from Rs 202.85 crore in Q2 FY25. The radio broadcasting segment also recorded a decline, with revenue dropping to Rs 1.87 crore from Rs 3.92 crore a year earlier.
Total income for the quarter dropped 10 percent year-on-year (YoY) to Rs 197.30 crore, against Rs 219.37 crore in Q2 FY25.
