wordpress blog stats
Connect with us

Hi, what are you looking for?

NDTV Net Loss Down 86%, Attains Positive EBITDA

Broadcaster NDTV‘s four point plan to turn around the company has worked with its EBITDA turning positive to Rs. 98 million, from -Rs 45.4 million for December 08 quarter. It has reported a standalone net loss of 16.6 million for the quarter ended December 2009, 90.5 percent lower YoY and 86 percent lower than the previous quarter.  Last quarter, net losses had multiplied 5 times.

The group’s net income, which had faced a 13.41 percent drop in the previous quarter, have revived and risen 23 percent to Rs 849.8 million on a sequential basis.
Expenditure has risen by 5 percent QoQ to Rs. 821.8 million but is 11.94 percent lower compared to the quarter ended December 2008.

Details: Financials | Release | Shareholding Pattern as of Dec 31, 2009

Key Corporate Developments

The quarter has seen frenetic activity by the NDTV Group. First, NDTV bought back NBC Universal’s 26 percent stake in NDTV Networks Plc for an undisclosed amount. Then, it hived off 69 percent stake in its channel NDTV Lifestyle to US based Scripps Networks for $55 million. Last month, Time Warner acquired 92 percent in NDTV Imagine for $126.5 million.

It repurchased $ 100 million worth of Step up Coupon Bonds that were due in 2012 for $ 72.4 million. This move helped NDTV reduce its outstanding borrowings and interest burden. NDTV was also freed from the undertaking to provide a $ 40 million guarantee to the bond-holders.

News portal NDTV.com which is run by NDTV Convergence, the digital arm of the company, crossed 100 million page views in the month of December 2009.

It tied up with The City Guide for  offering city specific information to users and launched an original product called NDTV Social, a community around its news anchors and shows. It also tied up with IT firm Hewlett-Packard India and IndiaMART, a B2B (business to business) marketplace, to set up a website – NDTV SME.

According to the Neilsen UMAR survey, the group’s English news channel NDTV 24×7 continues to hold on to its 60 percent viewership ahead of competitors Times Now and CNN-IBN. NDTV also has a Hindi news channel called NDTV Khabar.
Nothing about NDTV Profit proffered this time around – has it slipped back to third place?

More recently, the media consulting division of NDTV Limited, NDTV Worldwide, tied-up with Bangladesh based Beximco Group to launch a 24 hours news and current affairs channel in Bangladesh called Independent Television.

Consolidated Results

NDTV’s consolidated has reported a net profit of Rs 741 million for the quarter ended December 2009, as compared to a net loss of Rs 1208 million for the same quarter of the previous year. Income from operations has increased by 28.78  percent to Rs 1670.6 million for the quarter. Consolidated EBITDA for NDTV is now at Rs 861.8 million as compared to -Rs 937.8 million in the previous quarter.

NDTV Worldwide & Beximco Group To Launch News Channel In Bangladesh
Turner Buys 92% In NDTV Imagine For $126.5M
NDTV Networks CEO Vikram Chandra On The 4 Point Plan For Becoming Cash Flow Positive
Scripps Networks Acquires NDTV Lifestyle For $55M
NDTV Net Loss Down 9.13%; NDTV Profit Retains #2 Position
NDTV To Buy Back NBC Universal’s 26% Stake In NDTV Networks

You May Also Like


Kotak Mahindra Bank reported a net profit of ₹1,853.5 crore for the third quarter of the current financial, up by 16% year-on-year from ₹1,944...


Yes Bank Ltd posted a net profit of ₹151 crore during the third quarter of the current financial year compared to a net loss...


Key takeaways Network18’s digital news revenue increased by 50% YoY for the second consecutive quarter Consolidated Net Profits grew 125% YoY Network18 Digital saw...


Netflix’s two day StreamFest in December 2020—where users in India could practically watch Netflix’s entire catalogue for free—brought millions of users to the service,...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to Daily Newsletter

    © 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ