NDTV reports turnaround of Rs 62 cr in FY2014-15 from EBIDTA loss of Rs 29 cr last year

For Q4 ended March 31, 2015, NDTV's consolidated profit (before tax and exceptional items) stood at Rs 10.5 crore, compared to a loss of Rs 35 crore in the same quarter last year

BestMediaInfo Bureau | Delhi | May 4, 2015

NDTV has reported growth in its consolidated income from operations by Rs 112 crore to Rs 571 crore in FY2014-15 from Rs 459 crore last year. The group has reported a turnaround of Rs 62 crore from an EBIDTA loss of Rs 29 crore last year to an EBIDTA of Rs 33 crore in FY2014-15. NDTV (other than e-commerce) has reported an EBIDTA of Rs 64 crore in FY2014-15, compared to an EBIDTA loss of Rs 6 crore last year.

For the fourth quarter ended March 31, 2015, NDTV's consolidated profit (before tax and exceptional items) stood at Rs 10.5 crore, compared to a loss of Rs 35 crore in the same quarter last year.

NDTV's standalone profit in Q4 (before tax and exceptional items) was reported at Rs 8.7 crore, as against a loss of Rs 16.4 crore in the corresponding quarter last year.

Broadcast

NDTV Prime's re-positioning as a youth audience channel with genre specific show bands saw revenues for NDTV Profit/ Prime grow 66 per cent year-on-year as the channel attracted new and contextually integrated sponsors. NDTV Profit/ Prime continued its run of being EBITDA breakeven into its third consecutive quarter.

NDTV India broke its highest revenue record for the second year in a row with sales of Rs 106 crore during FY2014-15.

Profit after tax (PAT) for Q4 of FY2014-15 and FY2014-15 included two non-cash exceptional items:

• Impairment of investment in Jaiprakash Power Ventures stood at Rs 7.8 crore
• Rs 11.2 crore in write-down of deferred tax assets

NDTV's digital arm NDTV Convergence clocked Rs 107 revenue, registering a growth rate of 47 per cent for FY2014-15. All revenues streams – web, VAS, and App showed healthy growth in revenues.

NDTV's e-commerce vertical, IndianRoots.com, achieved Gross Merchandise Value (GMV) of Rs 61 crore in FY2014-15, compared to Rs 8 crore last year.

Vikram Chandra

Vikram Chandra, Group CEO & Executive Director, NDTV Group, remarked, “Overall, it's been a good year in all three areas of business. The TV and related areas saw a sharp turnaround, recording an EBIDTA improvement of about Rs 60 crore. The digital content business saw record revenue crossing the Rs 100-crore mark, together with strong profitability. And though the e-commerce business reported losses, as most of them do, there was an exponential increase in revenue, crossing Rs 60 crore in GMV.”

Info@BestMediaInfo.com

Info@BestMediaInfo.com