Tata Play reports net loss of Rs 354 crore for FY24: Report

As per reports, the company's DTH business has suffered a net loss of Rs 247 crore this fiscal

by e4m Desk
Published: Jun 27, 2024 1:07 PM | 1 min read

Tata Play has reported a net loss of Rs 354 crore for FY2024, as per media reports.

The operational revenue of the Tata Sons company has also dropped 4% with its expenses increasing by almost 1.5%, the reports said quoting the company's regulatory filings.

While the company's DTH business has suffered a net loss of Rs 247 crore in FY24, it had recorded a net profit of Rs 20 crore in the last fiscal. Drop in revenue from the DTH segment has been seen as a reason for this significant decline.

In May, e4m reported that Tata Group had decided to buy Disney’s $1bn-worth 30% stake in Tata Play. With the purchase, Tata Group now owns the satellite service in its entirety.

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Published On: Jun 27, 2024 1:07 PM

Tags Tata Play FY24