NDTV net loss widens to Rs 120.8 crore in Q3

Hit by the losses in the entertainment and allied business, Delhi-based news broadcaster New Delhi Television (NDTV) today posted a consolidated net loss of Rs 120.8 crore for the quarter ended December 31, 2008. The net loss for NDTV in the year-ago period stood at Rs 32.02 crore.

The allied business of NDTV comprises of its non-TV initiatives such as NDTV Convergence and NDTV Labs among others, said a senior executive of NDTV. “The group has incurred a net loss of Rs 120 crore, including the losses in the entertainment and allied business of Rs 104 crore,” a statement from NDTV said. 

However, the consolidated revenue of NDTV for the period grew by 21 per cent to Rs 131 crore compared with Rs 108.50 crore in the year-ago period. There was a three-fold increase in the production expenses for NDTV from Rs 24.20 crore in December 2007 to Rs 76.43 crore (consolidated figure) in December 2008. 

Punj Lloyd suffers Rs 227-cr loss in Q3

Engineering firm Punj Lloyd suffered a 227 crore loss after tax in the third quarter ended December 2008 compared with Rs 92 crore in the same period in 2007-08. "We have suffered this after tax loss of Rs 227 crore because one our acquired company in United Kingdom caught into a litigation. 

During the nine months of this financial year, we have recorded a after tax profit of Rs 29 crore," said Punj Lloyd Group Chairman Atul Punj. We will be in profit by the end of this financial year and we expect to bag new orders worth Rs 2,000-3,000 crore during the fourth quarter of this financial year, he added.

Bharat Electronics net rises 9% to Rs 123 crore

Bangalore-headquartered Bharat Electronics has posted a 9 per cent increase in its net profit to Rs 122.77 crore for the quarter ended December 31, 2008, compared with Rs 112.96 crore it registered a year ago. An increase in the employee cost during the quarter due to DA merger and provision for wage revision impacted the profitability during the quarter, the company said. 

The PSU, which derives close to 75 per cent of its revenue by supplying equipment to the defence sector, has seen a marginal 1 per cent drop in its revenue to Rs 681 crore during the quarter, while its operating profit rose over 9 per cent to Rs 143.75 crore.