ITV

Tag: Gadgets 360

  • NDTV reports operating profit after curbing op costs in Q1

    NDTV reports operating profit after curbing op costs in Q1

    BENGALURU: New Delhi Television Limited (NDTV) reported consolidated operating profit (EBIDTA) of Rs 5.99 crore for thefor the quarter ended 30 June 2018 (Q1 2019, quarter or period under review) as compared to an operating loss of Rs 14.25 crore for the corresponding quarter of the previous fiscal year Q1 2018. The company’s consolidated operating revenue during the period under review declined 6.6 percent year on year (y-o-y) in Q1 2019 to Rs 98.18 crore from Rs 105.12 crore in Q1 2018. Consolidated total income for Q1 2019 declined 7.7 percent y-o-y to Rs 101.16 crore from Rs 109.60 crore.

    NDTV reported lower consolidated loss of Rs 0.81 crore during the quarter under review as compared to a loss of Rs 18.38 crore in Q1 2018. Consolidated total comprehensive loss for Q1 2019 was lower at Rs 2.64 crore as compared to Rs 22.01 crore in Q1 2018.

    Let us look at the other consolidated numbers reported by NDTV

    Consolidated total expense in Q1 2019 reduced 20.6 percent y-o-y to Rs 102.08 crore from Rs 128.56 crore in the corresponding quarter of the previous year. Consolidated production expenses and cost of services increased 5.1 percent in Q1 2019 to Rs 18.83 crore from Rs 17.91 crore in Q1 2018. Consolidated employee benefit expense during the quarter under review reduced 35.2 percent y-o-y in Q1 2019 to Rs 38.77 crore from Rs 59.80 crore in the corresponding period of the previous year. Consolidated operation and administration expense reduced 17.2 percent y-o-y in Q1 2019 to Rs 19.94 crore from Rs 24.07 crore in Q1 2018. Consolidated marketing, promotion and distribution expense during the period under review reduced 16.7 percent to Rs 14.65 crore from Rs 17.59 crore in Q1 2018.

  • NDTV reports lower operating loss for fiscal 2018

    NDTV reports lower operating loss for fiscal 2018

    BENGALURU: The Prannoy and Radhika Roy-led New Delhi Television Ltd (NDTV) reported lower consolidated operating loss for the year ended 31 March 2018 (FY 2018, year under review) as compared to the corresponding periods of the previous fiscal. The company has brought down its expenses during the year under review across major parameters such as employee costs, production expenses and cost of services, operating and administration expenses, marketing promotion and distribution expenses as compared to the previous year.

    NDTV reported 12.4 per cent decline in consolidated operating revenue for FY 2018 at Rs 429.01 crore as compared to Rs 489.99 crore in FY 2017. Consolidated total revenue declined 12.3 per cent in FY 2018 to Rs 439.71 crore from Rs 501.45 crore in the previous year. Consolidated operating loss (EBITDA) in FY 2018 at Rs 35.97 crore was lower than the consolidated operating loss of Rs 42.32 crore in fiscal 2017. Total comprehensive loss (TCL) for the fiscal under review was slightly lower at Rs 84.35 crore as compared to Rs 86.18 crore in FY 2017.

    The company suffered a consolidated operating loss  for the fourth quarter ended 31 March 2018 at  Rs 9.45 crore as compared to a consolidated operating profit of Rs 16.63 crore (11.4 per cent of operating revenue) in the corresponding year ago quarter Q4 2018. NDTV reported consolidated TCL of Rs 20.40 crore during the quarter under review as compared to a consolidated total comprehensive income of Rs 7.14 crore in Q4 2017.Consolidated operating revenue in Q4 2018 fell 25.7 per cent yoy to Rs 108.40 crore as compared to Rs 145.92 crore in Q4 2017.

    Let us look at the other consolidated numbers reported by NDTV

    Total expense in FY 2018 reduced 12.5 per cent to Rs 501.06 crore from Rs 572.55 crore in the previous year. Production expenses and cost of services reduced 23.3 per cent in FY 2018 to Rs 83.64 crore from Rs 109.05 crore in FY 2017. Employee benefit expense during the year under review reduced 9.5 per cent in fiscal 2018 to Rs 212.59 crore from Rs 234.90 crore in the previous year. Operation and administration expense reduced 7.5 per cent in FY 2018 to Rs 106.61 crore from Rs 115.30 crore in FY 2017. Marketing, promotion and distribution expense during the year under review reduced 14.9 per cent to Rs 62.14 crore from Rs 72.06 crore in FY 2017.

    Also Read:

    NDTV to reduce workforce by up to 25%

    NDTV puts top management in place

  • Retail, e-com biz eat into NDTV’s TV media profits for Q3

    Retail, e-com biz eat into NDTV’s TV media profits for Q3

    BENGALURU: Prannoy and Radhika Roy-led New Delhi Television Limited (NDTV) reported consolidated operating profits–simple EBITDA including other income–of Rs 1.88 crore (1.6 per cent margin) for the quarter ended 31 December 2017 (Q3 2018, quarter under review). For the corresponding year ago quarter (Q3 2017) and the trailing quarter (Q2 2018), the company had reported consolidated operating losses of Rs 14.90 crore and Rs 9.74 crore respectively.  

    NDTV has two segments–television media and related operations (television); and retail/e-commerce. The company reported operating profit of Rs 7.54 crore for its television segment against revenue of Rs 109.96 crore for the quarter under review. Year-on-year (yoy), Q3 2018 television segment revenue was 7 per cent lower than Rs 118.27 crore for Q3 2017. The company had reported an operating loss for the television segment of Rs 4.29 crore for the corresponding year ago quarter. NDTV reported 18.2 per cent higher yoy operating revenue of Rs 4.55 crore for Q3 2018 as compared to Rs 3.85 crore for Q3 2017 for its digital/e-commerce segment. Digital/e-commerce segment incurred lower operating loss of Rs 9.50 crore in the quarter under review as compared to Rs 15.18 crore in Q3 2017.

    NDTV said in its earnings release for the quarter that the fact that the company is EBITDA positive proves that its turnaround plan is quickly progressing.

    Let us look at the other numbers reported by NDTV

    NDTV reported a 78.5 per cent drop in consolidated revenue for the quarter under review at Rs 112.24 crore as compared to Rs 121.3 crore for Q2 2017. The company reported consolidated net loss of Rs 22.42 crore for Q3 2018 as compared to a net loss of Rs 26.26 crore for Q3 2017.

    Consolidated total expenditure for the quarter declined 16.3 per cent yoy to Rs 123.13 crore from Rs 147.03 crore. Production expenses and cost of services declined 14 per cent yoy to Rs 23.16 crore from Rs 26.93 crore. Employee benefit expenses reduced 20.5 per cent yoy to Rs 49.38 crore from Rs 62.11 crore. Operating and administrative expenses for Q3 2018 declined 16.4 per cent yoy to Rs 24.97 crore from Rs 29.87 crore. Marketing, distribution and promotional expenses declined 7.6 per cent yoy to Rs 16.60 crore from Rs 17.95 crore.

    Also Read :

    NDTV puts top management in place

    NDTV Profit to be shut down, to move business & finance segments on NDTV 24×7

    NDTV promoters get clean chit from SEBI in disclosure case

  • NDTV Digital narrows NDTV loss in second quarter

    NDTV Digital narrows NDTV loss in second quarter

    BENGALURU: Operating profit at NDTV Digital has enabled New Delhi Television Limited (NDTV) to narrow consolidated operating loss (EBIDTA) to Rs 137.7 million for the quarter ended 30 September 2017 (Q2 FY 2017-18). An NDTV earnings release mentions a rounded off operating loss of Rs 20 million incurred by the company. The release also states rounded off operating losses by NDTV’s television and allied and ecommerce businesses to the extent of Rs 135 million and Rs 1 million, respectively, and operating profit of Rs 12 million from its digital business during the quarter.

    During the corresponding quarter a year ago, operating profit from the digital business was Rs 10 million (rounded off). An analysis of the numbers put out by NDTV on the stock exchanges shows that the company had incurred lower operating consolidated loss of Rs 106.9 million during Q2 FY 2016-17. On contacting NDTV about the discrepancy, the company responded on email saying, “The difference in the EBITDA in published results versus press release is primarily due to Ind AS adjustment for ESOP cost, which is being shown as one-line item just prior to PAT.”

    NDTV reported a 3.1 per cent drop in consolidated revenue for the quarter under review at Rs 1,025.5 million as compared with Rs 1,162.9 million for the year ago quarter. Net loss stood at Rs 231.40 million for Q2 FY 2017-18 as against net loss of Rs 229.1 million for Q2 FY 2016-17. Consolidated total comprehensive loss for the quarter declined slightly to Rs 233.7 million from Rs 236.40 million in the corresponding previous year’s quarter.

    NDTV reports numbers from two segments–television and media related operations (television) and retail ecommerce. The company reported operating revenue of Rs 1,002.2 million and operating loss of Rs 65.2 million for its television segment and operating revenue of Rs 350 million and an operating loss of Rs 89.3 million for its retail ecommerce segment for the quarter. Corresponding numbers for the year ago quarter were – revenue Rs 1,138.2 million and operating profit of Rs 0.6 million for the television segment and revenue of Rs 30.7 million and operating loss of Rs 136.1 million for the retail ecommerce segment.

    Let us look at the other numbers reported by the company

    Consolidated total expenditure for the quarter declined by 9.4 per cent y-o-y to Rs 1,254.1 million from Rs 1,384 million. Production expenses and cost of services decreased by 34.9 per cent y-o-y to Rs 172.1 million from Rs 264.3 million. Employee benefit expenses increased by 10.2 per cent y-o-y to Rs 573.9 million from Rs 520.70 million. Operating and administrative expenses declined by 21.6 per cent y-o-y to Rs 251.3 million from Rs 320.4 million. Marketing, distribution and promotional expenses reduced by 4.7 per cent to Rs 155.4 million from Rs 163.1 million.

     

  • NDTV’s Gadgets 360° secures investment from Paytm’s parent co

    NDTV’s Gadgets 360° secures investment from Paytm’s parent co

    MUMBAI: One97 Communications, owner of consumer brand Paytm, has invested in NDTV’s e-commerce venture Gadgets 360°. 

     

    Additionally, NDTV has also appointed Bhawna Agarwal as CEO of Gadgets 360°.

     

    “NDTV Gadgets has always been the most credible go-to-destination for all gadget enthusiasts in India and it is very exciting to see them move to a transactional model with Gadgets 360°. We are looking forward to partnering them in this journey and creating a compelling market-place experience which marries content, curation and commerce,” said One97 & Paytm founder Vijay Shekhar Sharma.

     

    Gadgets 360° has raised funding at a valuation of close to $50 million. Other investors include Inflexionpoint co-founder John Scully, Genpact founder Pramod Bhasin, Sixth Sense Ventures founder Nikhil Vora, former Unilever chairman Vindi Banga and M&S Partners founder and director Hiro Mashita.

     

    Sixth Sense Ventures founder & CEO Nikhil Vora said, “I am most excited to be investing in Gadgets 360°, which has a unique model of being the only curated launch platform for all gadgets. With over 3,000 gadgets launched every year in India, I believe that there is a case for a credible platform to become the brand, which we see in the form of Gadgets 360°.” 

     

    NDTV Convergence chief technology officer Kawaljit Singh Bedi said, “I am personally very excited to have such great investors in Gadgets 360° and to leverage their experience in building this into a large and meaningful business in India and globally. The investors have been pioneers in their field and with their incredible knowledge of building big businesses, they will be crucial for our success.”

     

    The company’s new CEO Agarwal has over 16 years of experience in leading start-ups of the country. She has been instrumental in setting and scaling up brands such as Yatra.com, Seventymm among others. She has been associated with Luxury Retail in the past and is also on the advisory boards of OYO Rooms, Venture Fund among others.

     

    “NDTV Gadgets is a very popular and well respected platform amongst gadget lovers in India and is at a very interesting stage from where it can scale up very well. The new platform will be the game changer for the category and I am very excited to be a part of this journey to help take the category to the next level,” added Agarwal.

     

    NDTV Group CEO Vikram Chandra said, “Gadgets has become one of the most exciting areas of expansion for the NDTV Group. We had built a powerful brand connect in this thanks to our digital platform NDTVGadgets.com and our TV programming, with popular shows like Gadget Guru and Cell Guru. I am delighted to welcome Paytm and Vijay Shekhar Sharma, as an investor in Gadgets 360°.”