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NDTV FY14 consolidated revenues at Rs 496 crore

NDTV FY14 consolidated revenues at Rs 496 crore

Author | exchange4media News Service | Friday, May 09,2014 8:40 AM

NDTV FY14 consolidated revenues at Rs 496 crore

NDTV has reported Rs 496 crore of consolidated revenue for the financial year ended March 31, 2014 and EBITDA loss of Rs 29 crore.

The Q4 numbers for FY14 include one-time write-offs amounting to Rs 14 crore. University Cricket Championship, which contributed Rs 33 crore in revenue in Q4 in FY13 was also postponed this year.

This has been an investment year for NDTV with an aim to turn around loss making verticals and incubate new growth businesses. Significant incubation costs for NDTV Prime and NDTV e-tailing venture have contributed to the annual losses. These businesses are now showing robust revenue growth, and are heading for profitability.

It is worth noting that NDTV 24x7 has been PAT positive for the last five years, with an average annual profit of Rs 40 crore.

NDTV Convergence has registered a CAGR of 54 per cent over the last six years and is targeting a significant jump in revenues to touch Rs 100 crore in the coming year.

Tags: NDTV | EBITDA | e4m

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