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NDTV digital business accounts for 20.15% of total revenues in Q2FY16

NDTV

NDTV’s ecommerce business has reported revenues of Rs 4 crore for the quarter ended September 30,2015. The segment had posted revenues of Rs 2 crore in the same period last year, showing a growth of 100% year-on-year. However on a sequential basis, ecommerce revenues fell 30.67% from Rs 5.77 crore.

The ecommerce segment reported a loss of Rs 13 crore in the quarter against a loss of Rs 4 crore in the same period last year. Losses for the segment stood at Rs 8.39 crore in the preceding quarter.

NDTV’s ecommerce division includes IndianRoots.in, which sells Indian ethnic wear, and Gadgets360.com, an electronics e-store. The division earlier in August raised an undisclosed round of funding from Paytm, Inflexionpoint and other investors with a valuation of $80 million for its gadgets and auto ecommerce play.

In May, Indianroots raised $5 million from the KJS group with a valuation of $85 million.

Digital business

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NDTV’s digital business reported revenues of Rs 26 crore for the quarter compared to Rs 20 crore in Q2FY15, showing a growth of 30%. The digital business reported revenues of Rs 26.2 crore in the preceding quarter, a marginal decline of 0.76%.

The digital business reported a profit of Rs 2 crore in Q2Fy15 and reported no profit or loss in the current quarter, i.e. net profit stood at Rs 0.

In September, NDTV Convergence, the umbrella company, for its digital services signed a three-year deal with content marketing firm Taboola and expects to make Rs 90-100 crore.

NDTV digital business accounts for 20.15% of total revenues in Q2FY16

Financials

– The company reported net loss of Rs 17.19 crore. Operating revenues for Q1 FY16 were pegged at Rs 129 crore, as opposed to the Rs 114 crore in the corresponding quarter last fiscal.

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– The TV business reported revenues of Rs 113 crore, up 16.49% from Rs 97 crore in the same quarter last year.

Download: Press release | Financials 

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