MUMBAI: As the top and bottom line of B.A.G Films slumped, the television broadcasting revenue of the media company dropped by 37 per cent in the third quarter of the financial year 2019-20.  

The company reported a consolidated loss of Rs 5.72 crore in the third quarter of the financial year 2019-20 against the profit of Rs 9.33 cr in the same quarter of the last financial year.

The consolidated revenue from operations of the media company has dropped by 45 per cent to Rs 25.79 crore in the Q3 FY20 against Rs 46.86 crore in the December-ended quarter of FY19.

In terms of the segment, the television broadcasting revenue of the company fell by 37 per cent to 24.7 crore in Q3 FY20 as compared to Rs 39.48 crore in the December-ended quarter FY19.

The company, in the nine-month period, posted a consolidated loss of Rs 8.92 crore as against the profit of 14.02 crore in the same period last financial year.