ITV

Tag: NDTV Convergence

  • NDTV reports Q4 earning with 59 per cent revenue growth Y-O-Y

    NDTV reports Q4 earning with 59 per cent revenue growth Y-O-Y

    Mumbai: NDTV Group announces its financial performance for Q4, 2023-2024, marked by a 59 per cent revenue growth compared to the same period last year.

    NDTV Convergence, the company’s digital arm also witnessed a significant 39 per cent increase in global digital traffic in March 2024 over April 2023 on its platforms. The NDTV Group’s ability to adapt to evolving consumer preferences and market dynamics has been instrumental in driving this impressive growth.

    During the financial year, NDTV expanded its presence across consumer segments with launch of NDTV MP-CG, NDTV Rajasthan, and NDTV Profit. Additionally, NDTV Marathi is being launched on 1 May. This strategic expansion drive from a two channel setup to a six channel setup has meant substantial investments in next-generation infrastructure. A cutting-edge broadcast facility in BKC, Mumbai is up and running. Another state-of-art integrated facility will be operational in NCR, Delhi in the coming months. While these investments strengthen future growth objectives, they have had an impact on short-term financial performance. NDTV remains committed to creating long-term shareholder value by leveraging its premium brand value to launch new products, expand audience and drive efficiency by investments in technology.

    Results for Q4 FY ‘24 & Full Year FY ’24:

    a. Standalone results: Q4 Loss (PAT) is at Rs 6.7 crores in CY from profit of Rs. 3.3 crores (after exceptional items) LY. Full year loss (PAT) is at Rs 12.3 crores in CY from profit of Rs. 28.6 crores LY.

    b. Consolidated Results:

    . Q4 Loss (PAT) is at Rs 8.7 crores in CY from loss of Rs 1.1crores LY. Full year loss (PAT) is at Rs 21.4 crores in CY from profit of Rs. 52.9 crores LY.

    . Q4 revenue is at Rs 106.5 crores in CY versus Rs 67.0 crores LY.

    The year was a remarkable one for NDTV as the most trusted and credible news brand in the country. Reuters Institute ranked NDTV.com as the most popular news website in India.

    NDTV continues to be the preferred news brand to work at. Attrition was down by 58 per cent from the previous year. It also added high-profile anchors and other top industry talent to its roster.

    As the new financial year commences, NDTV continues its expansion momentum with the upcoming launch of its next regional news channel, NDTV Marathi and reimagining its international offering under, NDTV World, featuring original shows with an Indian perspective catering to a global audience and the Indian diaspora.

  • NDTV records profit of Rs 17.8 crore in Q4 FY22

    NDTV records profit of Rs 17.8 crore in Q4 FY22

    Mumbai: NDTV Group’s television company NDTV Ltd has recorded revenue of Rs 65.3 crore profit of Rs 17.8 crore for the quarter ended 31 March. The media company reported revenue of Rs 262.13 crore profit of Rs 59.2 crore for the year 2021-2022.

    The annual consolidated profit for the group was Rs 79.7 crore. The group’s profit on core business, excluding gains on investments, has nearly doubled from Rs 38.5 crore to Rs 73.3 crore, according to the statement.

    The company’s digital arm NDTV Convergence has delivered its highest revenue and profit, said the statement. “Its position as the market leader for credible news has helped it consolidate its position as one of the country’s few profitable online content companies.”

    The group has in the year 2021-2022 cut its external liabilities (including borrowings) by Rs 106.4 crore.

    “NDTV thanks with much gratitude each member of its exceptional team for their commitment and contribution to strengthening the group’s financial position and to its focus on independent journalism,” said the company in a statement.

  • NDTV Group posts Rs 27.6 crore profit after tax in Q3 FY22

    NDTV Group posts Rs 27.6 crore profit after tax in Q3 FY22

    Mumbai; NDTV Group on Thursday posted its third-quarter financial results for FY 2022. The media company reported a profit after tax of Rs 27.6 crore. Its TV business reported a profit of Rs 17.3 crore for the third quarter.

    The group’s year-to-date profit stands at Rs 55.6 crore out of which its TV business generated Rs 41.4 crore.

    NDTV’s digital arm NDTV Convergence saw a profit of Rs 12.2 crore during the quarter. “This quarter is the company’s second-highest ever for profit after tax; the best quarter in this regard was within the last year, further establishing Convergence as a consistently profitable online content company which is delivering aggressive growth,” said the statement.

    The group reported that its external liabilities have decreased by Rs 69.2 crore so far in the financial year. Bank borrowings for the group have also shrunk by Rs 42.8 crore year-to-date.

    “These results have been achieved amid the many difficulties posed by the pandemic. NDTV’s reporters and production crews have performed outstandingly, often while being at some risk themselves, delivering the latest and most credible information from across the country on Covid developments; for this, the company is deeply grateful, as also extremely proud,” said the statement.

  • NDTV Convergence signs 10-year, Rs 750-crore deal with Taboola

    NDTV Convergence signs 10-year, Rs 750-crore deal with Taboola

    Mumbai: NDTV Convergence has signed an exclusive 10-year deal with Taboola, a global leader in powering recommendations for the open web, helping people discover content they may like.

    The decade-long deal is based on mutually-determined projections, including growth in traffic, and cumulatively can enable revenue of Rs 750 crore for NDTV Convergence contingent upon it meeting the targets assigned for different stages of the 10-year period, said the statement.

    This deal gives NDTV Convergence access to Taboola’s full portfolio of offerings for personalised content recommendations, editorial planning, monetisation, and growth strategies. In addition, NDTV will leverage Taboola Newsroom, an advanced readership insights technology that leverages AI to power editorial processes, it added.

    In 2018, NDTV Convergence signed a five-year deal with Taboola, which was at the time among the biggest-ever advertising deals for the Asia-Pacific region. “Taboola has been a significant cornerstone of our business. We prize our seven-year-long association with them because they consistently demonstrate their support for independent journalism,” stated NDTV Group president Suparna Singh. “Taboola’s tools including those that we use in our newsroom make the best use of AI and new technology to ensure our content is flanked by terrific options for our readers to discover and learn more.”

    NDTV Convergence will be testing an e-commerce integration that provides a new revenue stream via Skimlinks, a Taboola company. With Skimlinks, NDTV Convergence can complement its premier content with e-commerce, said the statement.

    “We are seeing NDTV truly innovate by using recommendations, AI and data for growth,” said Taboola CEO and founder Adam Singolda. “They have been a true partner since 2014 and have shown they are very leaned in to continue to make NDTV a top news destination. What sets NDTV apart is a truly holistic approach to growth, which uses nearly every one of our publisher offerings to keep readers engaged and spending more time with them. We look forward to helping them grow over the next 10 years.”

  • Hathway Cable removes NDTV India from popular channel packs

    Hathway Cable removes NDTV India from popular channel packs

    Mumbai: Hindi news channel NDTV India has been removed from popular channel packs offered by cable TV operator Hathway Cable and Datacom, the channel has said.

    The channel tweeted the development on 3 September via its Twitter handle asking customers of the cable operator to call the customer service number and ask why NDTV India channel has been removed. It also asked them to tweet to the cable provider using their official Twitter handle.

    The call was taken up by NDTV Convergence, head, Suparna Singh and NDTV India, senior executive editor, Ravish Kumar. At the time of filing this report, the Twitter posts have gone viral garnering thousands of views, likes and retweets.

    The situation escalated further when Ravish Kumar shared a video clip that has been shared across NDTV’s social media handles.

     

     

     

     

    “Often TV News channels are removed from the channel packs citing operational bottlenecks. However, this matter is different,” said Kumar on his Prime Time Show. “There is a lot of effort that goes into preparing the programming for NDTV. This programme is not conjured out of thin air. The effort that goes into producing the primetime shows, there are thousands of words that are typed from the morning 7 a.m till the evening 10 p.m, which I do myself. We have a small team that puts in a lot of effort.”

     

     

    Kumar said it is not good when the programming that is created with so much effort is not able to reach the viewer because of the hurdles imposed by others. “We will continue to work. Today’s programme will not reach you. Yet, when history will look back, it will note that this was the only programme worth watching,” he said.

    On 4 September, Hathway Cable issued a statement, “The NDTV News channel is available for all Hathway Subscribers. Our customers can easily subscribe to the channel as per their requirements.” 

  • NDTV and CoinSwitch Kuber announce strategic content partnership

    NDTV and CoinSwitch Kuber announce strategic content partnership

    Mumbai: NDTV and CoinSwitch Kuber have announced a strategic partnership for content in the cryptocurrency space.

    The partnership will see NDTV launch exclusive crypto destinations on gadgets360.com, ndtvprofit.com, and ndtvindia.in and a brand-new show every alternate weekend on the TV news channels NDTV 24X7 and NDTV India.

    The cryptocurrencies trading market has gone mainstream. More people are evaluating this asset class and there is a demand for credible and accurate information, said the statement. “Through this partnership, CoinSwitch Kuber seeks to address this demand by combining its domain expertise with NDTV’s credibility,” it added.

    “All of us at NDTV are excited about this terrific new partnership with CoinSwitch Kuber. Cryptocurrency is a big and complex space to explore – and we will report on it with the rigor and credibility that NDTV is known for,” said NDTV Convergence head, Suparna Singh. “Our digital and on-air teams will work together to bring the latest cryptocurrency news and trends to an Indian audience. Young Indians are so invested in this space – and we look forward to giving them all the information they’re looking for, as also to engaging a broader audience that may not know much about this area but wants simple explainers and a clear picture of what has become a whole new way of trading.”

    “Crypto has seen exponential growth over the last decade, and the sentiment is only getting stronger,” said CoinSwitch Kuber co-founder and chief executive officer, Ashish Singhal. “Every day lakhs of users are becoming first-time crypto investors, both from metros as well as the remotest corners of the country. As India’s leading crypto investment platform, it is our responsibility to provide users access to relevant information regarding this asset class. NDTV being one of India’s leading media houses will help us get our message across to everyone – from beginners to seasoned investors.”

    The content will be available across all NDTV platforms including its massive social media communities.

  • NDTV group posts Rs 17.6 crore profit in Q2.

    NDTV group posts Rs 17.6 crore profit in Q2.

    KOLKATA: The  Prannoy and Radhika Roy-led NDTV group has posted Rs 17.6 crore profit for the quarter ended 30 September 2020. This marks a turnaround in profitability of Rs 28 crores over the same quarter last year, when the company had reported a consolidated loss of Rs 10.5 crore.

    According to a regulatory filing, the group’s broadcast company NDTV Ltd has earned a profit of Rs 5.3 crores, which is a turnaround of Rs 15.5 crores over the same quarter last year. NDTV has stated this is the best H1 (first half of financial year) result for the television group in its history.  

    Despite the slowdown of the economy with the onset of the pandemic, the group has reduced its bank borrowings by Rs 22 crores since the start of this financial year.

    NDTV Convergence, the digital arm of the group, has improved its revenue by a record 31 per cent over last year and its EBITDA is at an all-time high of 39 per cent.

    “NDTV is very proud of and grateful for the whole-hearted support extended to it by all employees, many of whom took a pay cut in the first half of the financial year. The management of the group continues to focus on shoring against any impact of the pandemic which could play out over the rest of the financial year,” the company stated.

  • NDTV posts 55 per cent profit in Q3, best quarterly results in 7 years

    NDTV posts 55 per cent profit in Q3, best quarterly results in 7 years

    MUMBAI: New Delhi Television’s consolidated profit rose by 55 percent to Rs 11.3 in third quarter of the financial year of 2019-20 compared to Rs 7.3 crore in the corresponding quarter of the last financial year. The broadcaster posted best Q3 result in last seven years.

    The group’s television business shows a turnaround of Rs 16.82 crore over the preceding quarter, said the broadcaster in filing to Bombay Stock Exchange. “The television business declared a profit of Rs 6.66 crore, which is its best Q3 in more than a decade.”

    NDTV Convergence, the group’s digital company, posted 14th straight profitable quarter. NDTV Convergence being at the core of the group’s business operations, it remains a market leader in the online news space, the press statement said.

    NDTV’s profit for the current financial year so far marked a turnaround of Rs 17.86 crore over the corresponding period for the last year. Moreover, the operating expenses for the group continue to contract, down by Rs 8.5 crore over the same period last financial year.

    Meanwhile, NDTV Ltd’s profit increased by 49 per cent to Rs 6.7 crore in the third quarter of FY20 compared to Rs 4.5 crore in the same quarter of FY19. Whereas the revenue from operations of NDTV Ltd’s rose by 30.5 per cent to Rs 55 crore against Rs 42 crore in the corresponding quarter of FY19.

    Despite profit, the group’s total income fell 7.8 per cent to Rs 98.29 crore during the quarter under review compared to Rs 106.59 crore in the corresponding quarter a year ago. Meanwhile, the total expenses also slumped 10.52 per cent to Rs 85.03 crore against Rs 95.03 crore in the Q3 FY19.

  • NDTV numbers down for Q2 2020

    NDTV numbers down for Q2 2020

    BENGALURU: The Prannoy and Radhika Roy-led New Delhi Television Ltd (NDTV) reported consolidated loss of Rs 10.50 crore for the quarter ended 30 September 2019 (Q2 2020, quarter or period under review) as compared to a profit of Rs 0.58 crore for the corresponding year ago quarter Q2 2019 (y-o-y). Consolidated operating revenue for the period under review declined 17.4 percent y-o-y to Rs 77.22 crore from Rs 102.24 crore in Q2 2019.

    Consolidated total income which includes operating revenue as well as other income for Q2 2020 declined 21.8 percent y-o-y to Rs 78.8 crore from Rs 10.83 crore.

    Consolidated Operating loss for the period under review was Rs 0.76 crore as compared to an operating profit (EBITDA) of Rs 4.35 crore in Q1 2019.

    The company has two segments – television media and related operations (TV); and Retail/Ecommerce segment (Retail). For its TV segment, NDTV reported 17.6 percent y-o-y revenue decline at Rs 75.81 crore for Q2 2020 from Rs 92.03 crore. TV segment operating result for Q2 2020 was loss at Rs 1.25 crore as compared to an operating profit of Rs 13.92 crore for Q1 2019. For the Retail segment, NDTV reported revenue of Rs 1.87crore for Q2 2020 as compared to Rs 3.69 crore in Q2 2019. NDTV reported negative operating result (loss) to the extent of Rs 0.66 crore and loss of Rs 5.40 crore for Q2 2020 and Q2 2019 respectively.

    Let us look at the other numbers reported by NDTV

    Total expenses in Q2 2020 reduced 11.2 percent y-o-y to Rs 87.57 crore  from Rs 98.65 crore. Production expenses and cost of services in Q2 2020 reduced 5.3 percent y-o-y to Rs 21.10 crore from Rs 22.29 crore. Finance costs increased 8.2 percent y-o-y in Q2 2020 to Rs 6.86 crore from Rs 6.34 crore during the corresponding period of the previous year. Employee benefit expense reduced 20.8 percent y-o-y in Q2 2020 to Rs 28.91 crore from Rs 36.49 crore in Q2 2019. Operating and administrative cost in the quarter under review increased 2.5 percent y-o-y to Rs 19.55 crore from Rs 19.08 crore in Q2 2019. Marketing distribution and promotional expenses in Q2 2020 was 25.3 percent lower y-o-y at Rs 8.42 crore as compared to Rs 11.27 crore. 

  • NDTV profits up in Q1 FY20

    NDTV profits up in Q1 FY20

    BENGALURU: The Prannoy and Radhika Roy-led New Delhi Television Ltd (NDTV) reported consolidated profit after tax of Rs 16.66 crore for the quarter ended 30 June 2019 (Q1 2020, quarter or period under review) as compared to a loss of Rs 10.73 crore for the corresponding year ago quarter Q1 2019 (y-o-y). Consolidated PAT for the period under review grew 26.4 per cent from the Rs 13.18 crore reported in the immediate trailing quarter Q4 2019 (q-o-q).

    The company reported 10.3 per cent y-o-y growth and 7.3 per cent q-o-q growth in consolidated operating revenue for Q1 2020 at Rs 109.67 crore. For Q1 2019 and Q4 2019 the company had reported consolidated operating revenues of Rs 99.43 crore and Rs 102.24 crore respectively. Consolidated total income which includes operating revenue as well as other income for Q1 2020 grew 12 per cent y-o-y to Rs 113.87 crore from Rs 101.66 crore, but declined 1.2 per cent q-o-q from Rs 115.28 crore.

    Operating EBITDA for the period under review grew 275.2 per cent (almost quadrupled) per cent y-o-y to Rs 25.29 crore (23.1 per cent of operating revenue) from Rs 6.74 crore (6.8 per cent of operating revenue) and grew 46.5 per cent q-o-q from Rs 17.26 crore (16.9 per cent of operating revenue).

    The company has two segments – television media and related operations (TV); and Retail/Ecommerce segment (Retail). For its TV segment, NDTV reported 11.5 per cent y-o-y revenue growth at Rs 108.96 crore for Q1 2020 from Rs 97.72 crore and 7.8 per cent q-o-q revenue growth from Rs 101.40 crore. TV segment operating result for Q1 2020 was 164.5 per cent y-o-y higher at Rs 27.64 crore from Rs 10.45 crore but was 1.7 per cent lower q-o-q than Rs 28.12 crore. For the Retail segment, NDTV reported revenue of Rs 1.65 crore for Q1 2020 which was 55.3 per cent lower y-o-y than Rs 3.69 crore and was 13.6 per cent lower q-o-q than Rs 1.91 crore. NDTV reported negative operating result (loss) for all the three quarters to the extent of Rs 1.05 crore, 4.71 crore and Rs 0.33 crore for Q1 2020, Q1 2019 and Q4 2019 respectively.

    Let us look at the other numbers reported by NDTV

    Total expenses in Q1 2020 reduced 8.4 per cent y-o-y to Rs 93.96 crore from Rs 102.58 crore. Production expenses and cost of services in Q1 2020 increased 28.3 per cent y-o-y to Rs 24.16 crore from Rs 18.83 crore. Finance costs increased 0.3 per cent y-o-y in Q1 2020 to Rs 6.68 crore from Rs 6.66 crore during the corresponding period of the previous year. Employee benefit expense reduced 18.9 per cent y-o-y in Q1 2020 to Rs 31.46 crore from Rs 38.77 crore in Q1 2019. Operating and administrative cost in the quarter under review reduced 19.2 per cent y-o-y to Rs 16.51 crore from Rs 20.44 crore in Q1 2019. Marketing distribution and promotional expenses in Q1 2020 was 16.4 per cent lower at Rs 12.25 crore as compared to Rs 14.68 crore.