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NDTV reports Rs 8 crore profits for its digital business for Q4-FY17

By Aroon Deep and Nikhil Pahwa NDTV's digital profits were greater than their overall profits for the quarter ended 31st March 2017: Digital profits doubled year on year to Rs 8 crores, from Rs 4 crore last year, while the overall profits of the NDTV group were Rs 5 crore. Last quarter, the digital business had reported profits of Rs 7 crore. The Rs 4 crore PAT for the digital business was on revenues of Rs 37 crores - the same as last year - but with lower expenses (of Rs 22 crore, as compared with Rs 29 crore last year). The company said that its NDTV.com website now had over 120 million unique monthly visitors, and over a billion overall pageviews per month. Last quarter, this was at around 90 million monthly unique visitors and aggregate monthly pageviews of over 800 million. A year ago, NDTV had said that it was considering listing its web properties, managed by a subsidiary, separately, which would have been the first Indian online content site to trade on the stock exchange. What happened to that plan? Gadgets360 breaks even for the quarter, again. NDTV claims that its Gadgets360 tech news site broke even at an operational level. However, this time, the company did not report financial details for the vertical. Last quarter, Gadgets360 had reported a Profit After Tax of Rs 73 lakh. The vertical had then reported 35 million monthly unique visitors, and said that it had moved a total GMV of Rs 100 crore since April 2016.…

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