wordpress blog stats
Connect with us

Hi, what are you looking for?

Earnings: NDTV posts profit of Rs 20.3 crore, digital arm marks ‘best quarter ever’

Media organisation NDTV Group reported a profit of Rs 20.3 crore in the quarter ending December 31, 2020, an increase of Rs 2.7 crore compared to the previous quarter. The group’s digital media business NDTV Convergence, the company’s digital arm which operates NDTV websites, reported a profit of more than Rs 10 crore. A press release from the company said that NDTV Convergence “marked its best quarter ever”. Its revenue increased by 32% compared to the same quarter last year.

The group’s broadcasting arm NDTV Limited posted a profit of Rs 10.6 crore, nearly double what it had reported in the previous quarter. This figure corresponds to a turnaround of Rs 3.9 crore over Q3 FY20. “Overall, this is the NDTV Group’s best quarterly result in the last eight years,” the company declared.

The group was able to reduce its bank borrowing by Rs 27 crore (this figure was Rs 22 crore at the end of the last quarter) despite the business environment during the COVID-19 pandemic. The company had had to announce pay cuts to employees in April 2020, which were gradually reversed over August to October 2020, according to a regulatory filing from last quarter.

Financial snapshot

NDTV Limited (Broadcasting arm):

  • Revenue: Rs 55.37 crore (up 1.8% YoY, up 26.19% QoQ)
  • Profit after tax: Rs 10.53 crore (up 58.10% YoY, up 97.16% QoQ)

NDTV Group (consolidated):

  • Revenue: Rs 105.83 crore (up 12.88% YoY, up 12.16% QoQ)
  • Profit after tax: Rs 22.69 crore (up 87% YoY, up 10.46% QoQ)
  • Profit after tax (attributable to owners): Rs 20.32 crore

Earnings | Press release

Advertisement. Scroll to continue reading.
Written By

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

Views

News

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

News

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...

News

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

News

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

News

The Delhi High Court should quash the government's order to block Tanul Thakur's website in light of the Shreya Singhal verdict by the Supreme...

You May Also Like

News

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...

Advert

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...

News

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...

News

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
Name:*
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