Chennai-based Raj Television Network has declared the results for the three-month period ended March 31, 2009.

For the period under review, the company said that it has posted a net loss of Rs 30.76 million, as compared to the net loss of Rs 3.42 million during the corresponding period of the last year.

The company’s revenue saw a growth of 84.45% during the quarter to Rs 204.05 million, while the income from operations and net sales was Rs 194.94 million from Rs 86.44 million in the prior year.    

There was a sharp increase of 102.81% in the company’s expenditure, which stood at Rs 229.93 million during the fourth quarter.

In the same period of the previous year, the expenditure stood at Rs 113.37 million.

During the fourth quarter, the company’s operational cost increased two fold at Rs 83.30 million from Rs 37.71 million in the corresponding quarter.

In the meantime, there was also an increase in other expenditure, which went up to Rs 127.28 million from Rs 61.52 million.

For the year ended on 31-Mar-2009, the company has reported an EPS of Rs 2.87 9 against Rs 10.38 for the year ended on 31-Mar-2008.

Moreover, Raj Television has also launched a Kannada music channel ‘Raj Musix Kannada’ on 6 March.

It is also in talks to acquire content for forthcoming Kannada GEC, while a Kannada news channel is also under way.

At 11:37 a.m., shares of the company gained 1.3% to trade at Rs 48.50 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 2.23 and 21.71 respectively. The share price has seen a 52-week high of Rs 144 and a low of Rs 29.60 on BSE.