For the first time in its history, NDTV's television business (NDTV Limited) is recording five consecutive profitable quarters, the company said in a statement filed on the Bombay Stock Exchange (BSE).
The NDTV Group has declared its best quarter in six years, recording a profit of Rs 15.2 crore; the company's television business has earned a profit of Rs 9 crore.
At the Group or consolidated level, this is a turnaround of Rs 25.3 crore; for the television business, the improvement is of Rs 8.4 crore over the same time last year.
At the Group level, NDTV is profitable by Rs 19.91 crore before tax and exceptional items, and its share of losses in associate or joint ventures as against a loss of Rs 0.92 crore for the same period last year.
The company continues to maximize resource efficiency with operating costs reduced by 9% over the first quarter of last year.
NDTV Convergence, the digital branch of the company, has recorded its highest-ever revenue in this quarter; its EBITDA of 30% is an improvement over the last years.