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Others NDTV Q1 FY09 revenue up at Rs 95.5 crore

NDTV Q1 FY09 revenue up at Rs 95.5 crore

Author | exchange4media News Service | Friday, Aug 01,2008 8:40 AM

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NDTV Q1 FY09 revenue up at Rs 95.5 crore

NDTV has reported revenues of Rs 95.5 crore during the first quarter of fiscal 2009 as compared to Rs 61.21 crore in the corresponding quarter of the previous fiscal, a growth of 56 per cent year-on-year. NDTV’s profit after tax stands at Rs 2.08 crore as opposed to a loss of Rs 2.15 crore on a y-o-y basis.

The Group has made a consolidated profit after tax of Rs 524 crore, which includes an exceptional amount of Rs 642 crore arising on dilution by subscription of shares by NBCU in an overseas subsidiary.

The NDTV Group has decided to utilise the liquidity from NBCU share subscription of over Rs 600 crore for setting up state-of-the-art production infrastructure such as studios and to facilitate Group expansion plans in India.

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