NDTV Q1 revenue up 27% to Rs 107.74 crore
In a statement, NDTV said this was the best Q1 in over a decade for the company and the best-ever quarter for the digital arm
NDTV's consolidated revenue for the quarter ended 30th June has jumped 27% to Rs 107.74 crore compared to Rs 85.02 crore in the same quarter of the previous fiscal.
While total expenses rose 7% to Rs 83.33 from Rs 77.92 crore, the net profit has zoomed 56% to Rs 25.81 crore from Rs 16.56 crore. In a statement, NDTV said this was the best Q1 in over a decade for the company and the best-ever quarter for the digital arm.
NDTV Limited, the group’s television arm, has recorded a profit of Rs 12.5 crore. For Q1, this is the company’s second-best performance ever for profitability. If the exceptional item recorded in Q1 last year were excluded, this would be the television company’s best-ever Q1.
NDTV Convergence, the company’s digital arm, has completed its most successful ever quarter, recording its highest-ever revenue. Its net profit is at an all-time high of Rs 13.7 crore.
The group continues to aggressively reduce its external liabilities, which are down by Rs 6 crore (including bank borrowings) in this quarter and by Rs 206 crore (including bank borrowings) from three years ago (as of March 31, 2019).
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