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NDTV Net Loss Down 9.13%; NDTV Profit Retains #2 Position

Broadcaster NDTV has reported a 9.13% fall in net losses to Rs. 118.5 million in the quarter ended September 2009 compared to the same quarter last year. Standalone income from operations fell a notch (6.17%) year on year to Rs. 693.5 million. Initiatives to control expenditure (such as cost-cutting and layoffs) that came into effect last quarter and have continued their influence through the quarter with expenses rising marginally to Rs. 781.5 million compared to last quarter. Expenses have fallen 13.19% on a year on year basis. Subscription income grew 23% over the same quarter of the previous year. Its EBITDA loss has reduced to Rs. 27 million, down 73.6% from Rs. 102.3 million recorded in the quarter ended Sep08. Details: Release |  Financials On a QoQ basis, standalone net losses multiplied almost 5 times to Rs. 118.5 million in the quarter ended September 2009 compared to Rs. 23.9 million recorded in the previous quarter.  Net income has also reduced by 13.41% from Rs. 800.9 million recorded in June 09. Consolidated NDTV posted a 9.76% reduction in expenditure year on year to Rs. 2086.6 million in the quarter ended September 2009, which has led to a 43% improvement in EBITDA - the losses are now Rs. 591.1 million. It has posted a consolidated net loss of Rs. 855.9 million, which is down 28.3% year on year, and income of Rs. 1403.7 million, up 16.71% year on year. These consolidated results include the group's share in the profit of NDTV Studios, which…

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