Media firm NDTV today reported narrowing of its losses at Rs 44 crore for the full fiscal year ended March 31 with its main television business witnessing growth in revenue.
The company had posted a loss of Rs 81 crore in the previous fiscal.
During the fiscal the company said it had impairment of investment of Rs 7.8 crore in Jaiprakash Power and a write-down of deferred tax assets of Rs 11.2 crore.
Consolidated revenue for the fiscal stood at Rs 586 crore against Rs 495 crore in the year-ago period.
The television and allied business saw revenue grow to Rs 508 crore compared with Rs 449 crore in the previous fiscal, the company said in a statement.
The company's consolidated results have been dragged down by its e-commerce business that had a loss of Rs 26 crore. Last fiscal the segment had a loss of Rs 25 crore, while revenue for the vertical was at Rs 19 crore against Rs 6 crore in the previous fiscal.
NDTV's digital vertical posted revenue of Rs 107 crore during the fiscal up from Rs 72 crore in the previous year.
