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NDTV’s retail and e-commerce revenues at Rs 3.7 Cr, group profit at Rs 59 lakh in Q2FY19

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NDTV Group’s retail and e-commerce segment clocked in revenues of Rs 3.7 crores with Loss After Tax of Rs 5.4 crores in Q2FY19. In the last quarter, the segment earned the same revenue (Rs 3.7 crore) and recorded loss of Rs 4.7 crore. Broadcast business: Profit after Tax (PAT) stands at Rs 19 lakh, a massive improvement from a loss of Rs 18 crores in the same quarter last year. However, PAT did fall by 68% from Rs 60 lakh last quarter. Consolidated NDTV group: Profit after Tax (PAT) stands at Rs 59 lakh, an improvement from a loss of Rs 23 crore the same quarter last year, and from Rs 10.7 crore last quarter. Expenses: NDTV culled spending by 30% to Rs 62.5 crore this quarter compared to Rs 89.7 crore in the corresponding quarter of 2017. It reduced expenses by 11% from Rs 70 crores last quarter. Operating costs for its broadcast business also reduced by Rs 26.27 crores YoY and by Rs 7.4 crores since the first quarter of this year. NDTV said traffic for its Convergence business grew 45% year-over-year, although it did not disclose the number of unique visitors in the quarter. It saw 200 million unique visitors in the quarter ended June 30, 2018. Last month, NDTV and Bharti Airtel launched a mobile-only vertical video channel NDTV HOP. The app features 20-minute live shows on Bollywood, news, fashion, entertainment, gadgets, astrology, careers, debunking fake news, yoga, online deals, among others. The app also has shows…

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