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NDTV spurts after turnaround Q4 results

Capital Market 

Television rose 8.03% to Rs 73.35 at 14:49 on after the company reported consolidated net profit of Rs 5.28 crore in Q4 March 2017 as against net loss of Rs 0.77 crore in Q4 March 2016.

The result was announced after market hours on Friday, 12 May 2017.

Meanwhile, the S&P Sensex was up 142.24 points, or 0.47% to 30,330.39.

On the BSE, 2.04 lakh shares were traded in the counter so far, compared with average daily volumes of 19,011 shares in the past one quarter. The stock had hit a high of Rs 77.90 and a low of Rs 71.95 so far during the day. The stock hit a 52-week high of Rs 101.50 on 18 May 2016. The stock hit a 52-week low of Rs 60 on 4 May 2017.

The stock had underperformed the market over the past one month till 12 May 2017, falling 5.43% compared with 2.47% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 10.24% as against Sensex's 6.54% rise.

The small-cap company has equity capital of Rs 25.79 crore. Face value per share is Rs 4.

Television (NDTV)'s consolidated net sales declined 9.07% to Rs 154.35 crore in Q4 March 2017 over Q4 March 2016.

Group's costs as a part of strategic initiatives have gone down significantly by 17% to Rs 137 crore in Q4 March 2017 from Rs 164 crore Q4 March 2016.

EBITDA (earnings before interest, taxes, depreciation and amortization) has increased by Rs 15.40 crore, or 185.54%, to Rs 23.70 crore in Q4 March 2017 from Rs 8.3 crore in Q4 March 2016.

NDTV's Hindi news channel "India", the only non-tabloid Hindi news channel in the India, made a profit of Rs 7 crore in Q4 March 2017 alone.

On a consolidated basis, reported net loss of Rs 68.79 crore in the year ended March 2017 as against net loss of Rs 54.82 crore in the year ended March 2016. Net sales declined 7.62% to Rs 522.67 crore in the year ended March 2017 over the year ended March 2016.

is news and lifestyle television network in India.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, May 15 2017. 14:50 IST
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