Revenues from events, web biz buoy NDTV’s FY13 results
NDTV goes PAT positive in 2013 with PAT at Rs 2 cr after a loss of Rs 87 cr in FY2011-12. Group CEO Vikram Chandra shares reasons for this good show
The NDTV Group has reported an operating profit of Rs 31 crore for the year ended March 31, 2013. The Group returns to profitability after tax, with PAT of Rs 2 crore for FY2012-13, as compared to a loss of Rs 87 crore for FY2011-12.
For the fourth quarter ended March 31, 2013, NDTV Group has garnered operating profits of Rs 42 crore, as compared to Rs 8 crore in the same period last year. Net profit after tax stands at Rs 28 crore for this quarter, as compared to a net loss of Rs 41 crore in the same period last year. The Group has also reported quarterly revenues of Rs 196 crore in Q4, as compared to Rs 143 crore last year.
Talking to exchange4media about the key factors that have contributed to NDTV’s return to profitability in Q4, Vikram Chandra, Group CEO, NDTV said, “We have been following a strategy of de-risking of FCT revenues, which has paid us a lot of dividends. We have garnered a lot of revenues from the events that we have done as well as from our web business, which is doing very well.”
He further shared, “There are many measures that we have been taking for a period of time to make NDTV a really efficient place and to eliminate waste from everywhere. Those optimisation and efficiency measures are now starting to pay dividends and are helping us to control costs.”
Chandra added that some benefits of digitisation have started to flow in even though the process is not completed yet and subscription revenues are yet to flow in.
When asked how the year ahead looks like for the news broadcast industry, he replied, “Clearly, for the industry in general it is very important to continue to fight the two big battles from last year. First is the question of distribution and making sure that benefits of digitisation rollout reaches every peer in the industry, be it in terms of reduction of carriage fees or increase in subscription revenues.”
Second issue that Chandra raises, concerns the television ratings system, which he feels is still not up to the mark as it should be. “Hopefully, going forward we will try and ensure more clarity in the ratings system. If that happens, I think the industry will be in a better position than it is now.”
Meanwhile, plans are afoot to revamp NDTV Profit. “One of our focus areas is to finish revamping and re-launching Profit as a really exciting channel in a range of areas. Other areas of focus include our web business and lifestyle business, besides maintaining our lead and continuing to extend it in our news business,” Chandra concluded.
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