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NDTV standalone turns profitable in Q1 FY15; narrows net loss to Rs 1 cr

NDTV standalone turns profitable in Q1 FY15; narrows net loss to Rs 1 cr

Author | exchange4media News Service | Saturday, Aug 09,2014 11:18 AM

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NDTV standalone turns profitable in Q1 FY15; narrows net loss to Rs 1 cr

NDTV Group’s standalone turned profitable in Q1 FY15 with a profit of Rs 2.6 crore compared to a loss of Rs 19 crore for the same period last year, a positive swing of Rs 21.5 crore.

NDTV standalone registered growth of 47 per cent in revenues at Rs 117 crore in Q1 FY15 as compared to Rs 80 crore in Q1 FY14.

General News continues to be profitable and recorded an EBITDA of Rs 26 crore, an increase of Rs 20 crore compared to the same period last year.

On the other hand, NDTV Profit/ Prime reported net loss of Rs 11 crore, the same as last year, despite the relaunch costs incurred during the quarter on the back of 81 per cent revenue growth in the current quarter.

NDTV Group profit after tax performance improved by Rs 23 crore, from a loss of Rs 24 crore in Q1 last year to Rs 1 crore loss in the current quarter.

Consolidated revenues increased by 40 per cent to Rs 150 crore in Q1 FY15 from Rs 107 crore in Q1 FY14.

NDTV Convergence maintained its growth momentum, clocking 50 per cent growth Y-O-Y and continues to be profitable.
 

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