NDTV forecasts faster growth from Q3

MUMBAI: NDTV’s first-quarter net loss from news business has widened over the year-ago period as it increased its employee expenses while revenue dipped on absence of political advertising.

The company, which operates English news channel NDTV 24X7, Hindi news channel NDTV India and business news channel NDTV Profit, suffered a net loss of Rs 241.2 million for the three-month period ended June compared to a loss of Rs 23.9 million a year ago.

Income from operations at Rs 670.8 million fell 12.11 per cent, as against Rs 763.2 million in the year-ago period. In the previous fiscal, revenue had jumped on the back of political advertising due to general elections.

"The first quarter has generally not been good for anybody so far as ad revenue goes. Companies are just walking out of recession and there is an air of caution. We expect a slight improvement in the second quarter and better growth over the subsequent quarters. Our subscription revenue for the first quarter has seen good growth," says NDTV Group CEO Narayan Rao.

On consolidated basis, the subscription income has gone up 22 per cent to Rs 116 million, as against Rs 95 million in Q1 FY 10 on the back of increased DTH penetration.

NDTV's expenses jumped 20 per cent to Rs 889.1 million, from Rs 741 million a year ago. This was mainly because of personnel cost, increase in marketing expenses and special bonuses the company awarded to its employees.

The rise in personnel cost even without the one-time expense of bonus and gratuity has been sharp over the trailing quarter.

Explains Rao, "We have got to a headcount that is similar to 2007 - prior to our expansion. That is a good development. Besides, salaries had to be corrected after the recession."

On a consolidated basis, NDTV has narrowed its net loss to Rs 311.1 million, as against Rs 834.1 million a year earlier. However, the previous fiscal included NDTV Imagine financials, which NDTV sold to Turner International, and is thus not strictly comparable.

Income from operations stood at Rs 835.6 million compared to Rs 1.31 billion a year ago, while expenses were at Rs 269.7 million (from Rs 667.7 million).

The company's lifestyle channel, Good Times, is performing well. "Good Times should be able to do a revenue of over Rs 650 million this fiscal and is profitably poised. The core news business could remain under a bit of a strain unless ratings improve," says a media analyst who tracks the company.

Latest Reads
Dsport to broadcast 'British Open' live for viewers in India

Dsport will broadcast the 147th edition of the much awaited ‘British Open’ live in India. The tournament will commence from 19 July 2018 at the Carnoustie Golf Course, Scotland.

Television TV Channels Sports
Zee Telugu to enhance family ideals with Ninne Pelladatha, brand-new fiction show

Providing the audiences with yet another entertaining and relatable fiction show, Zee Telugu launches Ninne Pelladatha, a show that highlights the bond humans share, regardless of being blood-related.

Television TV Channels Regional
Religious most benefitted genre in Chrome DM week 28

With a growth of 2.05 per cent as compared to last week (27), the religious genre marked the highest opportunity to see (OTS) among all categories in week 28 of Chrome Data Analytics & Media.

Television TV Channels Viewership
BARC India plans expansion of metre homes to 44,000 by this FY

Rural India is getting in the limelight. TV ratings body BroadcastAuidence Research Council (BARC) is expanding metre homes to 44,000 by this financial year.

Television TV Channels Viewership
Ranjana Mangla appointed national revenue head of India Today TV

Ranjana Mangla has been appointed the national revenue head of India Today TV. She will report to the chief revenue officer Rahul Kumar Shaw and will be based out of the ITG Mediaplex, Noida.

Television TV Channels News Broadcasting
Discovery chronicles the harrowing story and extraordinary rescue of the thai soccer team that is captivating the world in Operation thai cave rescue

From the moment the heartbreaking news broke that 12 young Thai soccer players and their 25-year-old coach were stuck in a cave complex near the Myanmar border

Television TV Channels Factual & Documentary
Zee Cinema to air the animated movie Smurfs - The Lost Village on Saturday, 21st July at 12pm

If you’ve watched The Smurfs and The Smurfs 2, you’re probably aware of the tiny blue creatures with white clothes and droopy hats living out their lives in blissful coexistence.

Television TV Channels Movie Channels
TLC to premiere Curvy Bride Boutique for plus size brides

TLC, India’s go to lifestyle channel, is all set to premiere the most popular and talked about UK based show Curvy Bride Boutique from 16th July at 10 PM.

Television TV Channels Factual & Documentary
India’s leading New Age News Brand set to take Television by storm

New-age digital brand is about to take the television screens by storm.

Television TV Channels News Broadcasting

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories