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NDTV reports turnaround in Q2 FY14

EBITDA was Rs 1.5 crore against operating loss of Rs 19 crore for the same period last year. Consolidated income grew by 19% y-o-y to Rs 128 crore

BestMediaInfo Bureau | Delhi | November 12, 2013

NDTV has reported a turnaround in operations from negative to positive operating profits (EBITDA) for the quarter ended September 30, 2013. Consolidated income grew by 19% y-o-y to Rs 128 crore against Rs 108 crore during the same quarter last year. Consolidated operating profit (EBITDA) was Rs 1.5 crore against operating loss of Rs 19 crore for the same period last year. The total revenue for Hindi news operation was up 54% y-o-y.

Revenues of NDTV’s digital arm, NDTV Convergence, grew sharply by 64% y-o-y. NDTV Convergence registered 5 billion page views, on an annualised basis, across mobile and web, and 2 billion minutes of streamed videos.

NDTV successfully launched its first e-commerce venture, www.indianroots.com, targeted at the Indian diaspora, in July 2013. The enterprise now offers over 16,000 products to customers, representing over 112 of India’s prominent ethnic brands and over 30 leading designers including Sabyasachi, Raw Mango, Sanjay Garg, Neeta Lulla, Anita Dongre, Meera-Muzaffar Ali, etc.

NDTV is the first Indian company to cross 1 million followers on Twitter and remains India’s most followed company. NDTV app downloads have crossed the 5 million mark. NDTV Convergence launched a new version of its flagship NDTV news app redesigned for iOS 7.

NDTV.com continued its exponential growth trajectory with the NDTV Gadgets site now positioned among India’s highest ranked technology sites in terms of unique visitors per month.

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