NDTV reports turnaround in Q1 2014

The company has reported a net profit of Rs 2.6 crore for the quarter ended June 30, 2014

BestMediaInfo Bureau | Mumbai | August 11, 2014

New Delhi Television Ltd (NDTV) has reported its financial numbers for the quarter ended June 30, 2014. NDTV Group's PAT improved by Rs 23 crore, from a loss of Rs 24 crore in Q1 last year to Rs 1 crore loss in the current quarter.

According to the press release sent to the stock exchanges, NDTV's net profit stands at Rs 2.6 crore in the quarter ending June 2014, compared to a loss of Rs 19 crore for the same period a year ago.

NDTV's standalone revenues registered growth of 47% at Rs 117 crore in Q1 2014 compared to Rs 80 crore in previous corresponding quarter.

General News for the company was profitable with EBITDA of Rs 26 crore, a jump of Rs 20 crore from last year.

The company's other channel, NDTV Profit/Prime, posted a net loss of Rs 11 crore during the quarter, the release added.

Consolidated revenues increased by 40% to Rs 150 crore in Q1 2014 from Rs 107 crore in Q1 last year.

NDTV Convergence maintained its growth momentum clocking 50% growth YoY and continues to be profitable. ndtv.com saw unprecedented traffic with 13 billion hits in one day – on the counting day of May 16, 2014 for the Lok Sabha elections.

NDTV Retail / E-commerce venture IndianRoots has achieved an 'Average Order Value' of Rs 9,000 which is one of the highest in its segment. IndianRoots has carefully positioned itself as a platform for high-end fashion. While the United States remains its largest market, IndianRoots has also made strong inroads into India. India accounts for 30% of the total traffic and is the second largest market. Revenue growth is at 52% QoQ and in line with early stage e-commerce businesses. It has incurred a loss of Rs 4.5 crore in this quarter.

Info@BestMediaInfo.com

Info@BestMediaInfo.com