NDTV Group posts Rs 14 Cr jump in profit after tax over last financial year

At the company board meeting, the re-appointment of Dr Prannoy Roy and Radhika Roy as Whole-Time Directors designated as Executive Co-Chairpersons was also announced

e4m by exchange4media Staff
Updated: Jun 24, 2020 1:04 PM

The NDTV Group is announcing its best result in ten years with a profit after tax of ₹ 24.22 crores for 2019-2020. For the second year in a row, NDTV Limited, the broadcast section of
the Group, is also closing the financial year with profit after tax.

At the Group level, the profit after tax has increased by ₹ 14 crores over the last financial year. The Group’s focus on furthering its synergy of operations and resources continues.

In the previous financial year, NDTV Consolidated reported a profit after tax of Rs 10.2 crore. 

Operational expenses are down by ₹ 29.54 crores over the previous financial year and by nearly ₹ 145 crores over the last two years when the Group started a detailed exercise to
rationalize costs.

For this financial year, NDTV Convergence, which is the group’s digital arm, is recording its best revenue ever. 

For the year ended 31 March 2020, the company posted net income of Rs 39,297 lakh. Total expenses stood at Rs 35,608 lakh. It earned a net profit of Rs 2,792 lakh.

The audited financial results of the company were released at the Board of Directors meeting on June 22. The re-appointment of Dr Prannoy Roy and Radhika Roy as whole-time directors designated as Executive Co-Chairpersons was also announced. Both will hold their positions for a period of 15 months, from  July 1, 2020, till September 30, 2021, or the Annual General Meeting (AGM) to be held in the year 2021.

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