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NDTV Group reports Rs 27 crore operating loss

Revenues for NDTV 24x7 and NDTV Profit/Prime were stronger, posting robust y-o-y growth of 10 per cent and 21 per cent, respectively

NDTV Group reports Rs 27 crore operating loss

Revenues for NDTV 24x7 and NDTV Profit/Prime were stronger, posting robust y-o-y growth of 10 per cent and 21 per cent, respectively

BestMediaInfo Bureau | Mumbai | August 8, 2016

NDTV-logo

The NDTV Group recently announced its quarter results with an operating loss of Rs 27 crore for the quarter (vs Rs 15 crore loss in the same quarter of the previous year).

Revenues for NDTV 24x7 and NDTV Profit/Prime were stronger, posting robust y-o-y growth of 10 per cent and 21 per cent, respectively.

For television and allied, revenues stood at Rs 101 crore. EBITDA was a loss of Rs 14 crore. Profit before tax stood at a loss of Rs 22 crore while net loss was Rs 29 crore for Q1 FY17.

For digital, revenues stood at Rs 23 crore, while EBITDA was a loss of Rs 3 crore. Profit before tax again was a loss of Rs 3 crore and net loss was Rs 17 crore.

E-commerce businesses of NDTV are showing positive traction. Gadgets360.com is the country’s number one technology site with 28 million unique visitors. Carandbike.com is growing rapidly with over 4 million unique visitors and has also become an exclusive destination for leading manufacturers, including Hero, Mahindra and Renault.

Bandbaajaa.com has become the number two wedding site in India within a few months of its launch, and is seeing high conversion rates into transactions, especially in the services space.

Smartooky.com is the number one food content and commerce site in the country with nearly 4 million unique visitors. Moharto.com has become the largest art site in India, with more than 10,000 art works and collectibles.

Business wise Financial Performance for the quarter ended June 30, 2016:

All figures in Rs crores

NDTV-Financial-results

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