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NDTV improves EBITDA riding on digital in Q2 of FY17

The overall NDTV Group had a Rs 7 crore turnaround ending with an EBITDA loss of Rs 4 crore against Rs 11 crore loss in the same quarter in the previous year

BestMediainfo Bureau | Delhi | November 15, 2016

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NDTV has released the second quarter results of financial year 2016-17 where in the overall NDTV Group, including all the ecommerce ventures, had a Rs 7 crore turnaround - ending with an EBITDA loss of Rs 4 crore for the quarter, a marked improvement over Rs 11 crore loss in the same quarter in the previous year. This was largely driven by improved advertising revenues alongside lower costs in Convergence, NDTV’s digital content subsidiary and E-Commerce segment.

ndtv.com extended its leadership position in the digital content space. NDTV Convergence posted another all-round strong performance with a 16% growth in revenues Y-o-Y.  A particularly exciting development is the increase of 75% in mobile advertising revenues Y-o-Y. The company claimed that ndtv.com was perhaps the only significant leading player in the digital space to be profitable and it reported EBITDA and PAT positive results.

NDTV’s Gadgets360.com – the ecommerce play in gadgets – turned profitable this quarter and showed a robust growth in revenues, quarter on quarter: revenues in Q2 were over 250% of revenues in Q1 this year.

Business wise financial performance for the quarter ended September 30, 2016 (All figures in Rs crore):

PARTICULARS For Qtr 2: FY 2016-17 Television & Allied Digital E-Commerce Inter-segment Total
CY LY CY LY CY LY CY LY CY LY
Revenue 106 113 30 26 4 4 (14) (13) 126 129
Expense (114) (112) (20) (25) (10) (16) 14 13 (130) (140)
EBITDA (8) 1 10 1 (6) (12) - - (4) (11)
PAT (Before One-Offs) (18) (9) 5 (0) (6) (13) - - (18) (22)
One-Offs / Minority / Associate - (6) - - - 1 11 1 5
PAT (18) (15) 5 (0) (6) (13) 1 11 (17) (17)

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