NDTV reports Q3 net loss of Rs 10.16 crore

NDTV on Tuesday reported a consolidated net loss of Rs 10.16 crore for the third quarter ended December 2023.

The company had posted a consolidated net profit of Rs 15.18 crore in the October-December quarter last fiscal, New Delhi Television (NDTV) said in a regulatory filing.

Its consolidated revenue from operations fell 7% to Rs 97.95 crore during the period under review. It was Rs 105.37 crore in the year-ago period, it added.

"NDTV is monitoring revenue enhancement for its recently launched regional channels and business channel, which are the main contributors to the EBITDA loss incurred by the network during the quarter," said an earning statement.

Its operating expenses increased 29% year-on-year "due to regional channel expenses and re-launch expenses of business channel", which are in investment mode.

The total expenses rose 24.8% to Rs 110.23 crore in the December quarter of FY24.

The company is in an expansion mode, and investing in infrastructure and resources to increase its network of channels and footprint across the country, it said.

The NDTV network now has a bouquet of five news channels, up from two at the beginning of the financial year, the statement said.

Shares of New Delhi Television on Tuesday settled at Rs 275.65 on BSE, down 0.81 % from the previous close.

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