NDTV broadcast operations have declared a profit of Rs. 19 lakh
Operating profit is Rs. 6.32 crore as compared to a loss of Rs. 9.12 crore for the same time last year
Published - 06-November-2018
The NDTV Group and NDTV Limited (its Broadcast Operations) are declaring a profit for the quarter ending September 30, marking a big turnaround from the same time last year.
• The strong operational profits in both companies make this the best Q2 for them in 14 years.
• NDTV's broadcast operations have declared a profit of Rs. 19 lakh. The EBITDA or operating profit is Rs. 6.32 crore as compared to a loss of Rs. 9.12 crore for the same time last year.
• The operating costs for the broadcast operations or NDTV Limited Standalone have reduced by Rs. 26.27 crore YoY (year-on-year) and by nearly Rs. 7.4 crore since the first quarter of this year.
• The profit at the group level is Rs. 59 lakhs. The NDTV Group EBITDA is Rs. 11.70 crores, a turnaround of Rs. 21.49 crore YoY. EBITDA losses for the same quarter last year were Rs. 9.79 crores.
NDTV Convergence, the company's digital arm, recorded its best-ever Q2 with the highest revenue for this period; traffic has grown by 45 percent over the same period last year.
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