NDTV posts Rs7 crore profit in Q4

NDTV board has announced a restructuring of its business intending to list NDTV Convergence in the stock market

New Delhi Television Ltd. (NDTV) turned profitable as it managed to post Rs 7.5 crore net profit in the March quarter, 2016 after posting Rs 10.7 crore net loss in the same quarter last year. Its net revenue grew 9.11 percent to Rs 130.5 crore from Rs 119.6 crore on a year on year basis (y-o-y).

During the quarter, better cost management in areas like employee and operating and administrative costs help NDTV improve its bottom line. Its employee benefit expenses grew by seven percent and operating and administration expenses went up by six percent - both lower than its growth in revenue.

 

In the financial year 2015-16, NDTV's losses increased further as it posted Rs 54.8 crore net loss compared to Rs 44 crore in the previous year. The media and news broadcaster's net sales went down by 0.3 percent to Rs 561.3 crore from Rs 563 crore in 2014-15.

NDTV board has announced a demerger or restructuring of its business as it intends to list NDTV Convergence (ndtv.com) separately in the stock market.

It's stock ended 0.72 percent lower at Rs 97.15 at the end of the day in Bombay Stock Exchange (BSE). The benchmark BSE index grew 0.64 percent to close at 25,262.21 points.