Broadcaster NDTV has approved the merger of two of its subsidiary companies - NDTV Labs and NDTV Convergence. NDTV Labs offers real time data integration, graphic automation and branding solutions, including software, to broadcasters, and has clients including Malaysian broadcaster, Astro, while NDTV Convergence is the company's Internet and Mobile business subsidiary. This implies that going forward, results will be reported for the combined entity, possibly leading to an obfuscation of digital revenues. That said, NDTV Labs appears to be much smaller than NDTV Convergence, in terms of revenues: last fiscal year, NDTV Convergence had reported its first ever profit of Rs 1.159 crore on a turnover of Rs 21.17 crore. NDTV Labs had recorded a turnover of Rs 97.94 lakh and a loss of Rs 2.19 crore during the same period. NDTV Results Broadcaster NDTV has reported a net loss (consolidated) of Rs 41.33 crore for the quarter ended 31st March 2012. Compared to the same quarter in 2011, when it had reported a loss of Rs 60.80 crore, the loss has decreased considerably, around 32% YoY. The company’s total income was Rs 137.96 crore an increase compared to total revenues of Rs 135.51 crore that it reported in Q4-FY11, and of Rs 126.69 crore in Q3-FY12. On an annual basis, the company registered a total income of Rs 483.37 crore, an increase compared to last year's income of Rs 425.03 crore. The company's annual net loss was at Rs 87.38 crore compared to a loss of Rs 173.89 crore in the last fiscal. The…
