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NDTV Q3-FY14 Revenue Dips; Board Approves NDTV Labs & NDTV Convergence Merger

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Media house NDTV has reported total operational revenue of Rs 127.43 crore for the quarter ended December 31, 2013, down 2.1% from Rs 130.11 crore in the same quarter last year but up 20% from Rs 106.19 crore in the previous quarter.

The company reported a net loss of Rs 10.43 crore for the quarter, as compared to Rs 14.87 crore profit in the same quarter last year. It had reported a loss of Rs 15.26 crore in the previous quarter.

TV Media Revenues 

NDTV’s television media segment reported revenues of Rs 131.02 crore for the quarter, which was marginally up from Rs 130.11 crore in the same quarter last year but significantly up from Rs 107.42 crore in the previous quarter. Note that this revenue includes inter-segment revenues, hence is higher than the reported operational revenue earlier.

The company reported a profit of Rs 3.29 crore for the quarter, down from Rs 14.05 crore profit in the same quarter last year but an improvement from Rs 1.98 crore loss in the previous quarter.

NDTV’s e-commerce business reported revenues of Rs 2.31 crore and a loss before tax of Rs 5.38 crore for its second operational quarter. More on that here.

Board Approval For Merger of NDTV Labs & NDTV Convergence

NDTV has also informed BSE that it has received a in-principle approval from the company’s board of directors for the merger of its subsidiaries NDTV Labs Limited with NDTV Convergence Limited. The company had earlier informed that both the entities will be merged to a new unnamed subsidiary in February 2013.

Note that it has been almost one and half years after NDTV first approved the merger of these two companies. NDTV Convergence is the company’s digital arm which operates NDTV’s online and mobile businesses.

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