Top Story

e4m_logo.png

Home >> Media - TV >> Article

NDTV reports Q1 net profit of Rs 10 cr

02-August-2011
Font Size   16
Share
NDTV reports Q1 net profit of Rs 10 cr

NDTV has reported a net profit of Rs 10 crore for the first quarter ended June 30, 2011, as against a loss of Rs 24 crore in the corresponding quarter of the previous fiscal. Standalone news revenues for Q1 FY12 rose by 52 per cent to Rs 117 crore (includes other income of Rs 21 crore) from Rs 77 crore (includes other income of Rs 1 crore) in Q1 FY11.

The financials of business have turnaround this quarter on the back of a wider portfolio of income and lower dependence on ad revenues.

Revenues of NDTV Convergence have nearly doubled compared to first quarter 2010. Application downloads remain buoyant with both the cricket and news apps emerging as leaders with over 650,000 downloads. A new stream of revenue opens up with mid-roll advertising, a first for a non-sports website in India. This feature is expected to boost video revenue by 100 per cent. On mobile phones, Convergence has launched a series of new Health and other VAS packages.

Compared to last year, the revenues of NDTV Worldwide have risen by 82 per cent. The business has expanded its service offerings into the regional markets across India and emerging markets in Asia. The company worked with the Beximco Group in Bangladesh to launch a world class 24-hour news and current affairs channel on July 28, 2011.

NDTV Lifestyle revenues increased by 40 per cent over same quarter last year. NDTV Lifestyle focused on preparing and setting the stage for a significant scale-up of its flagship channel, NDTV Good Times, this quarter. A distribution expansion exercise is underway and several ‘big shows’ are in the pilot and production stages.

Tags NDTV

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

The New Realities study in India is its sixth year. Over 600 online interviews (per country) were conducted in seven countries, as a part of the study.

Rohit Bansal, Group Head of Corporate Communications, Reliance Industries Limited was speaking about the emerging tools of PR through Social Impact during his keynote address at IPRCCA 2017

Foster joins Y&R after serving as President, Global Clients for the Publicis Groupe; also was Worldwide COO and Chairman and Regional CEO, APAC and Greater China at Saatchi & Saatchi