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Q1-10: NDTV Reports Rs. 834.1M Consolidated Loss; Revenues Up, Costs Down

The effect of cost-cutting and layoffs announced at the and of FY09 by media company NDTV is evident in this quarters financial results: personnel expenditure was down 9.89 percent from Q1 2008-09, and 51.38 percent quarter on quarter on a standalone basis. On a consolidated basis, personnel exenditure was down 6.65 percent year-on-year. The company reported a 8.97 percent year on year reduction in total expenditure, and plans to reduce costs further over the next few quarters.  At Rs. 800.9 million, Operating Income was 14.86 percent higher than in Q1-09, though 4.8 percent lower than the Rs. 841.3 million registered last quarter. A Rs. 80.5 million EBITDA profit indicates a significant improvement over a Rs. 100.8 million EBITDA loss reported for Q1 last year. Details: Release | Financials Consolidated Results NDTV’s consolidated revenue for Q1-10 grew by 9.45 percent to Rs. 1306.9 million compared to Rs 1194.1 million for the same quarter last year. EBITDA loss, declined by 37.3percent to Rs. 576.6 million, from Rs. 918.8 million in the same quarter last year. The company reduced expenditure by 32.67 percent, and grew revenues by 5.99 percent quarter on quarter. On a consolidated basis, NDTV reported a Net Loss of Rs. 834.1 million, down from a 5266.4 million profit reported for the same quarter last year, but an improvement over the Rs. 1603.6 million loss reported for Q4 2008-09. Business Performance DTH, IPTV & Mobile NDTV Profit & NDTV Good Times have been launched in the US on DirecTV, USA’s largest DTH network and NDTV 24x7 has also been launched on the mobile platform…

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Written By

Founder @ MediaNama. TED Fellow. Asia21 Fellow @ Asia Society. Co-founder SaveTheInternet.in and Internet Freedom Foundation. Advisory board @ CyberBRICS

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