Media major NDTV has reported a 50 per cent hike in its Q3 FY08 net profit at Rs 10.57 crore (excluding the costs associated with MetroNation, which is in its early phase) as compared to Rs 7.06 crore for the corresponding period last fiscal. The company also reported standalone revenues of Rs 89.5 crore y-o-y, up 33 per cent against Rs 67.5 crore in the corresponding quarter of the last fiscal.
EBIDTA rose to Rs 21.54 crore from Rs 18 crore in the same quarter last year. Standalone operational expenditure of Rs 67.9 crore includes costs of MetroNation-Delhi amounting to Rs. 3.51 crore. NDTV’s consolidated revenues rose to Rs 108.5 crore, up 37 per cent compared to Rs 79.4 crore in the same quarter last year.
Meanwhile, the Group is upbeat about its new GEC, NDTV Imagine, which will be launched on January 21, 2008.
In a release, NDTV claimed that MetroNation had captured over 11 per cent market share in the NCR within three months of its launch, ahead of several national news channels. NDTV further claimed that its first lifestyle channel, Good Times, had acquired market leadership in the lifestyle genre, winning Best Channel of the Year award.