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NDTV narrows Q4 FY10 loss to Rs 5 cr from Rs 45 cr last year

NDTV narrows Q4 FY10 loss to Rs 5 cr from Rs 45 cr last year

Author | exchange4media News Service | Saturday, May 01,2010 8:47 AM

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NDTV narrows Q4 FY10 loss to Rs 5 cr from Rs 45 cr last year

NDTV has substantially reduced its Q4 FY10 standalone loss from Rs 45 crore in the same quarter last year, to Rs 5 crore in the current year. EBITDA for the quarter improved to Rs 8 crore, as compared to a loss of Rs 55 crore in the same quarter last year.

Meanwhile, NDTV’s operating revenues for FY10 stood at Rs 305 crore, as compared to Rs 289 crore for FY09, while EBIDTA for FY10 saw a huge turnaround to hit Rs 25 crore, as compared to a loss of Rs 52 crore for FY09.

As a result of cost efficiencies, the company has reduced its net loss to Rs 21 crore for FY10, as compared to a net loss of Rs 73 crore for FY09.

Among the business highlights for FY10 was the completion of the acquisition of a majority stake in NDTV Imagine by Time Warner on February 23, 2010. Also, NDTV Worldwide signed a consultancy agreement with Malaysia’s Astro Awani Networks to offer operations and strategic management support to its channel Astro Awani, for a further period of two years.

NDTV has also increased its international footprint with the launch of its channels in Central Africa – Kenya, Uganda, Tanzania, Burundi, Congo, Eritrea, Ethiopia and Rwanda. NDTV 24x7 is already present in the rest of the African continent – namely, South Africa, Zimbabwe, Namibia, Angola, Botswana, Malawi, Mozambique, Swaziland and Zambia. NDTV channels are now viewed in over 50 countries.

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