Media house NDTV Ltd today reported a profit after tax of Rs 2.08 crore for the quarter ended June 30 as against a loss of Rs 2.15 crore in the year- ago period.
The revenue during the quarter also rose by 56 per cent to Rs 95.5 crore against Rs 61.21 crore, it clocked, in the same period last year, the company said in a statement.
"The group has posted a consolidated profit after tax of Rs 524 crore, which includes an exceptional amount of Rs 642 crore arising on dilution by subscription of shares by US-based NBCU in an overseas subsidiary," it added.
The fund raising of over Rs 600 crore from NBCU would be utilised for group's expansion plans in India, NDTV said.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app