NDTV Group announces turnaround of Rs 90 crore for FY 2018-19
NDTV Limited, the group’s broadcast company, has announced a profit of Rs 13.3 crore, its best in 14 years
Published - May 21, 2019 8:03 AM Updated: May 21, 2019 8:03 AM
The NDTV Group has declared a turnaround of Rs 90.2 crore for the financial year 2018-19 and a profit of Rs 10.2 crore, as per media reports.
This has been one of the strongest performances for the group. In the last financial year, it had declared of a loss of Rs 80 crore.
Meanwhile, NDTV Limited, the group’s broadcast company, has announced a profit of Rs 13.3 crore, its best in 14 years. Last year, it had registered Rs 61.4 crore as loss.
NDTV, at the Group level, has declared profit of Rs 32.6 crore before tax, exceptional items and share of losses in associate or joint ventures. This stands against a loss of Rs 61.7 crore registered last year.
The Group has also seen operating costs reduce by Rs 113.1 crore, compared to last year.
Its digital company, NDTV Convergence, too has registered its best fourth quarter revenue.
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