ITV

Tag: New Delhi Television Limited

  • 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.

     

  • Q2-2016: NDTV YoY Television revenue up 15%

    Q2-2016: NDTV YoY Television revenue up 15%

    BENGALURU: New Delhi Television Limited (NDTV) reported 15.1 per cent YoY revenue growth for its Television Media and related operations segment at Rs 125.25 crore in the quarter ended 30 September, 2015 (Q2-2016, current quarter) as compared to Rs 108.83 crore. The segment’s revenue for the current quarter was up 7.3 per cent QoQ from Rs 116.76 crore.

     

    Note: 100,00,000 = 100 lakh = 10 million = 1 crore

    All numbers In this report are consolidated unless stated otherwise

     

    To leverage the NDTV brand, NDTV had started two additional businesses – Digital business (NDTV Convergence) about 10 years ago and E-commerce business about two years ago. But these businesses also reported growth in YoY revenue. NDTV’s Retail/E-commerce business reported 73.3 per cent YoY revenue growth in the current quarter at Rs 3.95 crore as compared to the Rs 2.28 crore in Q2-2015, but a QoQ decline of 31.5 per cent from Rs 5.77 crore.

     

    The company says that its digital business reported 30 per cent YoY growth with revenue of Rs 26 crore in the current quarter as compared to Rs 20 crore in Q2-2015.

     

    NDTV’s consolidated Total Income from Operations (TIO) in Q2-2016 increased 15.6 per cent YoY to Rs 127.60 crore from Rs 110.38 crore and increased 6.3 per cent QoQ from Rs 120.01 crore.

     

    NDTV reported lower loss at Rs 7.11 crore in the current quarter as compared to the loss of Rs 20.18 crore in Q2-2015 and a loss of Rs 14.60 crore in the immediate trailing quarter.

     

    The company’s EBIDTA numbers including ‘Other Income’ in the current quarter improved YoY and QoQ. For Q2-2016, NDTV reported lower operating loss of Rs 10.92 crore as compared to the operating loss Rs 12 crore in Q2-2015 and the operating loss of Rs 15.33 crore in the immediate trailing quarter.

     

    Television Media and related operations segment

     

    Television Media and related operations numbers include numbers from the company’s Digital Business. NDTV’s Television and allied operations reported Operating Profit of Rs 1 crore in Q2-2016 as compared to an operating loss of Rs 11 crore in Q2-2015. Digital Business EBIDTA declined from Rs 3 crore in the corresponding year ago quarter to Rs 1 crore in the current quarter.

     

    Overall, the segment reported lower operating loss of Rs 8.41 crore in Q2-2016 as compared to operating loss of Rs 15.22 crore in Q2-2015 and operating loss of Rs 12.55 crore in the immediate trailing quarter.

     

    Retail/E-Commerce segment

     

    Retail/E-commerce segment revenue numbers have been mentioned above. The segment reported operating loss of Rs 10.89 crore in the current quarter as compared to the operating loss of Rs 3.16 crore in Q2-2015 and the operating loss of Rs 8.39 crore in Q1-2016.

     

    Let us look at the other numbers reported by NDTV

     

    Total Expenditure (TE) in the current quarter increased 7.1 per cent YoY to Rs 148.77 crore as compared to Rs 132.43 crore, and was two per cent higher QoQ as compared to Rs 145.92 crore.

     

    NDTV’s consolidated Production Expense increased 26.7 per cent YoY to Rs 27.41 crore in Q2-2016 as compared to the Rs 21.64 crore and increased 20.2 per cent QoQ from Rs 22.79 crore.

     

    The company’s marketing, distribution and promotional expense (marketing expense) in the current quarter increased 21.3 per cent YoY to Rs 30.28 crore from Rs 24.96 crore and increased 3.2 per cent QoQ from Rs 29.33 crore.

     

    NDTV’s Employee Benefit Expense increased 4.3 per cent YoY in the current quarter to Rs 47.63 crore from Rs 45.65 crore and declined 6.2 per cent QoQ from Rs 50.77 crore.

     

    Operating and administration expenses in Q2-2016 declined 3 per cent YoY to Rs 31.42 crore from Rs 32.41 crore, but increased 4.7 per cent QoQ from Rs 30.01 crore.

     

    Finance Costs in the current quarter declined 8.2 per cent YoY to Rs 5.23 crore from Rs 5.70 crore and declined 6.1 per cent QoQ from Rs 5.57 crore.

  • NDTV denies violating any law while covering Yakub Memon’s hanging

    NDTV denies violating any law while covering Yakub Memon’s hanging

    MUMBAI: News channel New Delhi Television Limited (NDTV) has denied violating any law while covering the news of Yakub Memon’s execution. 

     

    The statement comes in the wake of the show cause notice sent to the channel earlier this week by the Information and Broadcasting (I&B) Ministry for alleged violation of Cable Television Networks (Regulation) Act, 1995, regarding the broadcast of news related to coverage of Memon’s execution.

     

    “The company firmly believes that it has not violated any law while covering the said news and is in the process of seeking legal opinion before responding to the said notice,” the channel said in an official statement.

     

    Meanwhile, as was reported by Indiantelevision.com earlier, both the News Broadcasters Association (NBA) and the Broadcasters Editors Association (BEA) have expressed concern over the show cause notice sent to NDTV, ABP News and Aaj Tak by the I&B Ministry pertaining to their coverage of stories linked to Memon’s hanging.