NDTV has announced financial results for the first quarter . The company has earned revenues of Rs. 95.5 crores during the quarter as opposed to Rs. 61.21 crores during the same quarter in the previous year, a growth of 56% YoY.
NDTV has made a profit after tax (PAT) of Rs. 2.08 crores as opposed to a loss of Rs. 2.15 crores on a YoY basis. The group has made a consolidated profit, after tax, of Rs. 524 crores, which includes an exceptional amount of Rs. 642 crores arising on dilution by sub scri ption of shares by NBCU in an overseas subsidiary.
The NDTV group has decided to utilize the liquidity from NBCU share sub scri ption of over Rs. 600 crores for setting up state of the art production infrastructure such as studios and to facilitate group expansion plans in India. NDTV 24×7 remains a clear leader in English News.
NDTV Imagine retains a strong number 3 position in General Entertainment.NDTV Imagine has also launched NDTV Lumiere in this quarter with theatrical releases of highly acclaimed world cinema, in metros across India .NDTV Goodtimes has become the market leader in the Lifestyle genre.NDTV Convergence has grown rapidly to become the leading news portal in this period.
NDTV Ltd, founded in 1988, is India’s largest news and infotainment network. It is home to the country’s best and brightest reporters, anchors, camerapersons and producers; 23 offices and studios across the country host India’s most modern and sophisticated production, newsgathering and archiving facilities. NDTV has an unmatched track record of successfully launching three news channels in India and two abroad: NDTV 24×7 is a clear leader in the English news segment, NDTV Profit, a 24-hour business plus channel, is India’s number one business news channel, and NDTV India is amongst the country’s leading Hindi news channels. It is credited with pioneering several broadcasting and programming initiatives in Indian television and has expanded into one of the nation’s biggest broadcasting houses by growing beyond news broadcasting and venturing into non news verticals.
NDTV Networks, a 100% subsidiary of NDTV was incorporated to seize opportunities in areas ‘beyond news’- entertainment, lifestyle, media technology and outsourcing. NDTV Good Times is the leading channel in the lifestyle space while NDTV MetroNation is fast emerging as one of the most watched city specific channels. NDTV Astro Awani in Indonesia became the leading news channel within three months of its launch. As an organization, NDTV is committed to one cause: to use its extensive expertise, technology and reach to create unparalleled coverage of the latest in domestic and international news, sports and entertainment for viewers at home and around the world.