India's TV Today Network falls 9% after Q1 profit slump

TV Today Network

14/08/2023 07:54

** Shares of TV Today Network  TVTO.NS  fall as much as
9.18% to 192 rupees; mark sharpest intraday pct loss since Nov.
14
    ** Broadcaster on Friday reported nearly 75% fall Q1 profit
    ** Rev from ops rose 2.1% Y/Y but total expenses up 21.2% 
    ** More than 239,000 shares change hands by 12:16 p.m. IST,
1.9x 30-day avg
    ** Stock up 4% so far this year



($1 = 82.9475 Indian rupees)

 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))