wordpress blog stats
Connect with us

Hi, what are you looking for?

NDTV reports digital revenues Rs 144cr with PAT of Rs 20cr in Q4 FY18


NDTV Group’s digital business reported profits of Rs 20 crore on revenues of Rs 144 crores for the quarter ended 31st March 2018 (Q4 FY18). Last year in the same quarter, profit stood at Rs 8 crore on the revenues of Rs 37 crore. EBITDA was Rs 40 crore, 7% higher over last year.

The media company said in its release that  NDTV Convergence now clocks 150 million unique visitors a month. Last year, NDTV.com website had over 120 million unique monthly visitors.

Overall, the NDTV Group posted revenues of Rs 78.2 crore, down 31.6% from Rs 114.4 crore in same quarter last year. It posted a net loss of Rs 14.8 crore for the quarter. Last year in the same period company posted a net profit after tax of Rs 6 crore.

NDTV said that it reduced its operating expense in Q4’2018 by Rs 15 crores versus Q3’2018 (excluding one-time expenses of Rs 18 crores) on account of rationalization of people, facilities and functions. In December last year, NDTV said that it will be considering reduction of its workforce by 25% and hence layoffs as part of its turnaround plan for profitability and said that it will be only focusing on its core business – English and Hindi news channels, NDTV Convergence and the digital teams associated with running the news websites and apps. The company added that part of the plan was implemented when around 70 staffers were laid off in June 2017 as part of its focus to bring mobile journalism. It was reported that camerapersons and supporting staff were laid off as part of the effort.


It reported 40 million monthly unique visitors and claimed that transactional business continues to be profitable.

Advertisement. Scroll to continue reading.

E-commerce losses continue

NDTV’s E-commerce wing continued to make losses. It reported revenues of Rs 7 crore, up from Rs 3.5 crore last year, and losses of Rs 5.8 crore. Last year, for the same quarter, the segment had reported losses of Rs 4.2 crore.

NDTV’s e-commerce platform Hotdeals360.com registered a growth of 600% between Q3 and Q4, FY18 in average daily sessions, it said in its release.

Pricee.com, a new app and website, which went live in January this year, offers real-time prices of about 20 crore products across 800 categories. The company said that it is the only product search engine that allows voice search across devices like Amazon Echo and Google Home, and that it is working with e-commerce websites for monetization opportunities on this platform


NDTV said that the platform clocked 11 million monthly unique visitors. Note that Autobyte has picked up controlling stake in CarAndBike.com.

TV and related business

The Group’s TV and allied businesses reported losses of Rs 5.3 crore on revenues of Rs 104 crores for the quarter. Revenues were down from Rs 143 crore last year, and profit in Q4FY17 stood Rs 23 crore.

Download: Financials | Press Release

Advertisement. Scroll to continue reading.

Written By

Writes about e-commerce, social media, tech and Internet ecosystem.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.



Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?


A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'


India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...


There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data


Existing consumer protection regulations are not sufficient to cover the extent of protection that a crypto-investor would require.

You May Also Like


Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...


135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...


Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...


By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

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

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Your email address:*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ