Deccan Chronicle

Iyer Presides over DHCL AGM Held Today

Iyer Presides over DHCL AGM Held Today

The Deccan Chronicle Holdings Ltd. (DHCL) in its annual general meeting (AGM) reappointed its directors of board. In addition, it has approved the borrowing limit to Rs. 5,000 crore on the day.

In a resolution, the company accepted that it had exceeded the Rs. 1,000 crore borrowing limit set at the AGM in 2007 as it took temporary loans from banks and other financial institutions during its business.

Deccan Chronicle Q3 Net profit tanks 75%

Deccan Chronicle Q3 Net profit tanks 75%Newspaper publisher Deccan Chronicle Holdings has informed that its third quarter net profit fell 75 per cent to Rs 25.67 crore over the corresponding period a year ago.

The firm had a net profit of Rs 102.94 crore in the third quarter last fiscal.

However, total income of the company, rose to Rs 228.28 crore in the December quarter, from Rs 226.45 crore a year ago.