wordpress blog stats
Connect with us

Hi, what are you looking for?

NDTV Q1-FY13 Loss At Rs 26.09 Cr; Total Revenue At Rs 106.83 Cr

Broadcaster NDTV has reported a net loss (consolidated) of Rs 26.09 crore for the quarter ended 30th June 2012, a 36.87% decrease in loss from the previous quarter where it had reported 41.33 crores loss but a 45.1% increase in loss from Rs 17.98 crores in the same quarter in 2011. The company’s total income was Rs 106.83 crores for the quarter, a decrease from Rs 137.96 crores revenues in Q4-FY11 and Rs 109.93 crores revenue in Q1-FY12.

The company’s total expenditure stood at Rs 132.56 crores during the quarter, an increase from Rs 128.66 crores in the same quarter last year, while employee costs decrease marginally to Rs 37.02 crores from Rs 38.47 crore in Q1-FY12.

– Selling its stake in NDTV Hindu/Metronation: Both NDTV and Kasturi and Sons had sold their respective stake (NDTV’s stake was 51%) in Metronation Chennai or NDTV Hindu to Educational Trust Company Private Limited, promoters of the Tamil Daily ‘Dina Thanthi’, for Rs 15 crore. However, NDTV said that it continues to hold 51% stake in Metronation, hence its consolidated results includes the financial results of Metronation. During the last fiscal, NDTV has written back a total of Rs 2.09 crore as a provision for doubtful debts.

– Restructuring of International subsidiaries: In the previous quarter, NDTV had stated that, in order to simplify the structure of its International holdings, NDTV Networks Plc, the UK subsidiary of the company was liquidated w.e.f October 2011. NDTV (Mauritius) Media Limited was merged with NDTV One Holdings Limited with effect from 30th September 2011 and the merger of NDTV worldwide Mauritius and NDTV (Mauritius) Multimedia is in process. NDTV had acquired 90.91% stake in NDTV Worldwide Limited and NDTV Worldwide Limited has become a 100% subsidiary of the Company.



NDTV Convergence To Merge With NDTV Labs; NDTV Q4-FY12 Loss At Rs 41.33 Crore
NDTV Q2-FY12 Loss At Rs 22 Crore; Selling Out Metronation Chennai
Senior Management Changes At NDTV; Rs 9.81 Cr Profit
NDTV Convergence Reports Maiden Profit Of Rs 1.16 Cr In FY11

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like


E-commerce marketplace IndiaMART InterMESH Ltd. reported a 34.5% increase in traffic on a year-on-year (YoY) basis, growing to 253 million in the quarter ended...


HDFC Bank reported a net profit of ₹8,758.3 crore, for the October to December quarter of 2020, up by 18% from ₹7416.5 crore in...


The Delhi High Court on Monday refused to stop Amazon from pushing regulators to stop the sale of the Future Group’s businesses to Reliance...


Pine Labs has raised around $100 million in fresh funds from Lone Pine Capital, a hedge fund based in the United States, at a...

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