Top Story


Home >> Media - TV >> Article

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

Font Size   16
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.

The production house has already established itself as the leader in the non-scripted genres. However, Rege now wants Endemol to achieve the same in the original scripted zone and film production

Naidu also talks about the ushering in of a new era of digital payments and says this is just the beginning and there’s lots of space for newer players to step in and evolve

Markus Noder, Managing Partner, Serviceplan International, shared innovative tools, ideas and methodologies to generate tangible business values

The primary reason that led to growth of OTT is the constant improvement of internet speed and service across the country: Sandeep Gupta, ACT Fibernet

India has become the diabetes capital of the world, with prevalence of the disease estimated to rise from 69.2 million to 123.5 million by 2040

Laban Stretchy Man, the new human shaped, stretchy, fruit flavoured chews from Orkla- Norway’s number one confectionery brand, has been launched and localized by MTR Foods in India