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NDTV posts net profit of Rs 7 crore in Q4 FY16

NDTV posts net profit of Rs 7 crore in Q4 FY16

Author | exchange4media News Service | Friday, May 06,2016 8:03 AM

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NDTV posts net profit of Rs 7 crore in Q4 FY16

NDTV has declared its Q4 FY16 results. NDTV ended the quarter with a PAT of Rs 7 crore (vs Rs 11 crore loss in the same quarter of the previous year) on Standalone basis. The network ended with a net loss of Rs 1 crore for the quarter (vs Rs 17 crore loss in the same quarter of the previous year).

Subsequent to the quarter, the group secured funding for its new ecommerce venture Mojarto.com - an online ecommerce platform for buying and selling of art & artefacts, collectibles and jewelry. The following other ecommerce businesses are now funded: Gadgets360.com, Carandbike.com, BandBaajaa.com, and SmartCooky.com.

Business Highlights

E-commerce

 Gadgets360.com – achieved a Gross Merchandize Value (GMV) of Rs 27 crore while maintaining a positive contribution margin per unit as well as total gross margin. The portal is now bigger than next 5 Indian tech sites combined.

 CarAndBike.com – was the exclusive launch partner for 4 cars in the span of the last 6 months of 2015-16. The fledgling startup has already on-boarded 8 OEM’s for direct sale of cars and bikes covering 40% of the new car market pan India. The site includes innovative features such as the Consumer-to-Consumer Auction Engine for used cars as well as regional language content and a complete host of allied services pertaining to loans and insurance.

BandBaajaa.com – launched on 6th October 2015, it aims to be a one-stop shop for wedding planning, ideas, Inspiration, shopping & execution has already partnered with 2,100 Vendors across 15 Cities in 14 Categories like Venues, Photographers, Makeup-Artists, etc.

Mojarto.com – launched as an online platform aggregating artists, galleries, artisans and designers from across the sub-continent into a marketplace.

Television

NDTV ended the year, winning several of the most respected industry awards including the Ramnath Goenka Awards, Red Ink Awards and the exchange4 media Awards.

Tags: FY16 | NDTV | Television

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