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Monday, October 18, 2021

NDTV reports revenue of Rs. 105.83 cr in Q3

News broadcaster NDTV has pulled in an integrated revenue of Rs. 105.83 crore as compared to Rs. 93.67 crore in the same period last year. Total expenses stood at Rs. 82.4 crore compared to Rs. 85.03 crore a year ago.

According to the statement released by the company, it is estimated that the company has delivered the best third quarter results in the last 11 years with a net profit of Rs. 22.69 crore compared to Rs. 12.13 crore. The company posted an operating profit of Rs. 32.64 crore from the television media and related operations segment compared to Rs. 19.09 crore.

The company reported zero revenue from the e-commerce/retail segment. Revenue from the segment was Rs. 105.83 crore compared to Rs. 92.23 crore. On a standalone basis, NDTV’s revenue from operations stood at Rs. 56.37 crore compared to Rs. 55.35 crore. The company’s expenses were Rs. 51.56 crore compared to Rs. 51.85 crore. Net profit increased to Rs. 10.53 crore compared to Rs. 6.66 crore.

According to NDTV, this is the company’s best quarterly result in the last eight years. NDTV Convergence, the company’s digital arm, has marked its best quarter ever with a profit of more than Rs. 10 crore; its revenue has increased by 32% over the same quarter last year. Despite the challenges thrown up by the pandemic, the company has so far in this financial year reduced its bank borrowings by Rs. 27 crore.

According to a company statement, “NDTV thanks every member of its team for ensuring quality news was delivered to its vast audience despite the many impediments presented by the Coronavirus outbreak. Its reporters and crews have travelled all over the country to share the most credible and latest information on how India is handling the pandemic.”

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