New Delhi Television (NDTV) has reported consolidated net loss of Rs 15.26 crore in the second quarter ended September 30, 2013. This is slightly higher than the consolidated net loss of Rs 14.68 crore for Q2 FY13.
However, NDTV has reported a turnaround in operations, from negative to positive operating profits (EBITDA), garnering EBITDA of Rs 1.5 crore in Q2 FY14, as against operating loss of Rs 19 crore for the corresponding quarter in the previous fiscal.
Consolidated income grew by 19 per cent y-o-y, to Rs 128 crore in Q2 FY14, as compared to Rs 108 crore during the same quarter last year.
Revenues of NDTV’s digital arm, NDTV Convergence, rose sharply by 64 per cent y-o-y. Total revenues for Hindi news was up 54 per cent y-o-y.
NDTV’s first e-commerce venture IndianRoots.com, targeted at the Indian Diaspora, was launched on July 28, 2013 and is showing healthy sales traction. The enterprise now offers over 16,000 products to customers, representing over 112 of India’s prominent ethnic brands and over 30 leading designers.