Media and entertainment firm UTV Software and Communications has reported consolidated net loss of Rs 96.19 crore for the quarter ended December 31, 2011. The company had a consolidated net profit of Rs 39.98 crore for the same quarter last fiscal.
The company’s consolidated net sales for the quarter under review declined by 38% to Rs 158.43 crore from Rs 255.14 crore in the third quarter of previous financial year.
UTV operates in five verticals- broadcasting, games, motion pictures, digital content and television content.
