NXTDIGITAL posts consolidated revenue of Rs 279.1 crore in Q1

Wired subscriber base sees 10% increase year-on-year

e4m by exchange4media Staff
Published: Aug 10, 2022 1:09 PM  | 1 min read
NXT Digital

NXTDIGITAL Ltd., the media vertical of the global Hinduja Group, has announced its results for the first quarter of the current financial year FY23.
Financial Results

On a consolidated basis, the company achieved a revenue of Rs 279.1 crore for the quarter ended 30th June 2022, as against Rs 266.6 crore for the corresponding quarter of the previous year and Rs 275.2 crore (excluding proceeds from sale of land) in the previous quarter. On a consolidated basis, the Company achieved an Earnings Before Interest, Depreciation & Taxes (EBIDTA) of Rs 54.1 crore for the quarter ended 30th June 2022, as against Rs 51.2 crore for the corresponding quarter for the previous year and Rs 56.5 crore (excluding profit on sale of land) for the previous quarter.

Says Vynsley Fernandes, Managing Director and CEO at NXTDIGITAL “Our strategy for this fiscal is to continue to leverage our expanding digital product portfolio, vast national footprint and emerging technologies to drive growth. Our approach is to garner a greater share of the customer wallet across multiple services rather than focusing on ARPU growth of individual product verticals. On the other hand, we are putting our might behind our emerging technologies offerings like broadband-over-satellite as we look to expand our digital services even beyond India.”

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