05 Dec 2019 | 9:06 PM

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COMPANYNEWS
Dish TV India posts Q2 net loss of Rs 50.75 cr
  Dish TV India Ltd. | 05 Dec 2019 | 04:01 PM
Published on 11-14-2019
The company reported standalone net loss during the quarter stood at Rs 50.75 crore compared to net profit of Rs 32.44 crore in the previous year quarter. 


Net revenue of the company declined substantially by 66.45 per cent at Rs 342.24 crore in July-September quarter of this fiscal as against Rs 1020.07 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 72.24 per cent to Rs 233.91 crore from Rs 842.55 crore in year ago period.


Other Income grew by 0.52 per cent at Rs 44.13 crore versus (Sep`18 Rs 43.90 crore).


Operating Profit slipped by 38.98 per cent to Rs 108.33 crore as against Rs 177.52 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 81.90 per cent in September quarter.


Interest grew by 44.67 per cent y-o-y to Rs 85.31 crore while Taxation increased by 23.26 per cent at Rs 22.20 crore (Sep`18 Rs 18.01 crore).