Deccan Chronicle posts Rs 100 loss for Jul-Sept
The company had posted a profit-after-tax of Rs 21 crore for the same period last year.
Total income from operations fell by 63 per cent to Rs 149 crore for the quarter under review, compared to Rs 238 crore in the second quarter last year, DCHL said in a filing to the BSE.
For the full 2011-12 financial year, the company posted a loss of Rs 774 crore against profit after tax of Rs 163 crore for the previous fiscal.
Total income from operation for 2011-12 was at Rs 545 crore, down by 53 per cent over that in 2010-11, it said.
"Company's profits are largely dented by interest payment to various financial institutions," the filing said.
According to the filing, financial costs mounted to Rs 538 crore in FY12 against just Rs 59 crore in the previous fiscal.
The company had not reported the financial results of 2011-12 and of the first two quarters of this fiscal.
The National Stock Exchange last week said that trading in shares of Deccan Chronicle Holdings on its platform will be suspended from January 23, as the company failed to submit financial results and shareholding pattern data.
DCHL in the filing said that it has taken permission from the Registrar of Companies to extend the financial year up to September 30, 2012.
For the April-June quarter of this fiscal, DCHL reported a loss of Rs 166 crore against Rs 12 profit after tax
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