Top Story

e4m_logo.png

Home >> Media - TV >> Article

NDTV posts Rs 47 crore loss in Apr-Dec

16-March-2004
Font Size   16
Share
NDTV posts Rs 47 crore loss in Apr-Dec

The Prannoy Roy-promoted NDTV Ltd, along with its subsidiaries NDTV World, NDTV News and NDTV Media, reported a net loss of Rs 47.53 crore on a turnover of Rs 45.94 crore during the nine months ended December 31, 2003, according to the draft Red Herring prospectus filed by the company for its Rs 100 crore initial public offer.

This is in sharp contrast to a consolidated net profit of Rs 9.78 crore on a turnover of Rs 113.89 crore reported by the company for the year ended March 31, 2003. During the year ended March 31, 2002, its net profit stood at Rs 17.11 crore on a turnover of Rs 104.03 crore. Roy was not available for comment.

This is the first financial year when the company is running its own news channels, 24X7 in English and NDTV India in Hindi. Earlier, it only provided content to Star India for the Star News channel.

“In 2003-04, our primary business has changed from production of television software for other broadcasters to broadcasting news through our own television channels. Therefore, our financial performance for periods after 2002-03 may not be comparable with previous years,” the prospectus says.

The consolidated profit and loss account in the prospectus shows that NDTV saw a dip in revenue after going on its own. Against Rs 103.02 crore in 2002-03, its consolidated revenue for the nine months ended December 31, 2003, stood at Rs 36.74 crore.

NDTV alone reported a net loss of Rs 47.37 crore on a total income of Rs 37.13 crore during April-December 2003.

The prospectus also says that NDTV is planning to merge two of its subsidiaries, NDTV World and NDTV News, with itself.

The company filed an amalgamation scheme with the Delhi High Court for merging NDTV World with itself on September 31, 2004. The proposal was approved by the shareholders and creditors of both the companies on December 6, 2003.

Tags

Karthik Raman, Chief Marketing Officer, IDBI Federal Life Insurance, on the brand’s unconventional approach to marketing and priorities for the next year

Vinik Karnik, Business Head - ESP Properties, talked about what went into conceptualising the first edition of the entertainment marketing report, Showbiz

Rahul Jhamb, Brand Head, Forever 21, on how the fast fashion brand always stays on the pulse of latest marketing trends

Heavy spends on OOH and print sum up this year’s ad spends of YLG Salon

FoxyMoron has bagged the digital mandate for one of India’s leading premium menswear fashion brands – Blackberrys. The business was won following a multi-agency pitch

As 2017 almost comes to a close, Ashish Bhasin of DAN crystal gazes at who will win and who will lose in 2018

Rahul Jhamb, Brand Head, Forever 21, on how the fast fashion brand always stays on the pulse of latest marketing trends