TV18 Broadcast Q1 results: Net profit dropped by 92%

TV18 Broadcast Q1 results: Net benefit dropped by 92%

In any case, media firm TV18 Broadcast Limited posted its Q1 results on July 22nd. Unquestionably, the solidified net benefit of the organization dropped by 91.88% at Rs. 1.88 crores for the June 2020 quarter. Prior, in the past quarter, it remained at Rs. 23.17 crores.

Then again, its revenue from operations dropped by 35.20% at Rs. 775.93 crores during the quarter under audit. Nearly, in the year-back period, it remained at Rs. 1,197.51 crores.

In addition, the total expenses remained at Rs. 799.20 crores, somewhere near 33.38% from Rs. 1,199.66 crores in the year-prior quarter.

Additionally, the portions of the organization exchanged with a 8.32% drop at Rs. 35.80 on the Bombay Stock Exchange on July 22nd.

July 24th Stock Market Details:

On July 24th, both the Sensex and the Nifty exchanged at a bearish pattern in the stock market. The Sensex lost 11.57 focuses and arrived at 38,128.90 levels with a 0.030% misfortune. On the opposite side, the Nifty lost 21.30 focuses and arrived at 11,194.15 levels with a 0.19% misfortune.

In the outskirt advertise, the S&P BSE Midcap file lost 80.74 focuses with a 0.59% misfortune and arrived at 13,702.79 levels. Additionally, the S&P BSE Smallcap record lost 29.57 focuses with a 0.23% misfortune and arrived at 12,966.72 level. Simultaneously, the Nifty Bank lost 421.85 focuses with 1.83% misfortune and arrived at a 22,662.25 level.

Furthermore, starting at July 25th, the quantity of affirmed COVID-19 cases across India has arrived at 13,38,494. Additionally, the quantity of passings in the nation has arrived at 32,096.