NDTV tumbles after reporting net loss in Q1

New Delhi Television was locked at 20% lower circuit at Rs 74.80 at 13:09 IST on BSE after the company reported consolidated net loss of Rs 24.04 crore in Q1 June 2013, as against net loss of Rs 26.09 crore in Q1 June 2012.

The Q1 result was announced after market hours on Monday, 5 August 2013.

Meanwhile, the S&P BSE Sensex was down 235.53 points or 1.23% at 18,946.73.

On BSE, 1.48 lakh shares were traded in the counter as against average daily volume of 60,898 shares in the past one quarter.

The stock hit a high of Rs 85 so far during the day. The stock had hit a 52-week low of Rs 43.20 on 29 August 2012. The stock had hit a 52-week high of Rs 100.90 on 11 May 2013.

The stock had outperformed the market over the past one month till 5 August 2013, rising 4.3% compared with the Sensex's 1.61% fall. The scrip had also outperformed the market in past one quarter, advancing 31.25% as against Sensex's 2.01% fall.

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

New Delhi Television's (NDTV) consolidated total income from operations declined 4.14% to Rs 102.40 crore in Q1 June 2013 over Q1 June 2012.

Shares of NDTV had rallied 19.04% to settle at Rs 93.45 on Monday, 5 August 2013.

NDTV is news broadcaster, with three news channels--NDTV 24x7 (English), NDTV India (Hindi) and NDTV Profit (business). The company also broadcasts NDTV Good Times, an up-market lifestyle channel. It also broadcasts Astro Awani, a channel in Malaysia and Independent Television with Beximco Group in Bangladesh.

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