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Tag: NDTV Limited

  • 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 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 Convergence records best-ever Q2

    NDTV Convergence records best-ever Q2

    MUMBAI: The NDTV Group and NDTV Ltd, the broadcasting operations under the group, both have declared profit in the second quarter of this financial year. From the same quarter of last year, the companies have made a big turnaround. NDTV's broadcast operations have declared a profit of Rs 19 lakh.

    In the second quarter, the EBITDA or operating profit stood at Rs 6.32 crore as compared to a loss of Rs 9.12 crore for the same time last year. On the other hand, operating costs for the broadcast operations have reduced by Rs 26.27 crore year-on-year. Since the Q1 of this FY, the same has reduced by nearly Rs 7.4 crore.

    EBITDA at the group level stood at Rs 11.70 crore, a turnaround of Rs 21.49 crore y-o-y as EBITDA losses for the same quarter last year were Rs 9.79 crores.

    Notably, the company's digital arm NDTV Convergence recorded its best-ever Q2 with the highest revenue for this period. While the traffic has grown by 45 percent over the same period last year, ndtv.com is India's biggest news website according to SimilarWeb data.