Top Story

e4m_logo.png

Home >> Media - TV >> Article

NDTV posts net profit of Rs 7 crore in Q4 FY16

06-May-2016
Font Size   16
Share
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

Siddharth Kumar Tewary, Founder, Chief Creative, One Life Studios and Swastik Productions, on owning the IP on his most ambitious project 'Porus,' the risk of recovering its cost and his distribution strategy

Webscale plans to build the brand around smooth operations for the e-commerce sector and then move on to demand generation

Shriya Ghate, Business Head, Tinkle, spills the beans on the company's vision for its special line of merchandise launched to celebrate its 37th anniversary, its pricing, marketing strategies, and more

Vivek Patni, Director of Wonder Cement, on the current marketing strategies and challenges that brand owners face

Luis Fonsi, Rita Ora, Jain of Makeba fame , Dimitri Vegas, Jason Derulo, Charly Black and Dasu, J Balvin, Parineeti Chopra, Tiger & Jackie Shroff speak exclusively to the radio channel

The Film-Maker, as the host of ‘Calling Karan’, Will Be Just A Phone Call Away From Listeners Seeking Advice On Love & Relationship

The group aims to double its FMCG turnover to Rs. 1,000 crore over four years.