NDTV limits news biz net loss to Rs 23.9 mn in Q3

MUMBAI: Dr Prannoy Roy-promoted NDTV Ltd’s television news channel business has posted a net loss of Rs 23.9 million for the quarter ended 31 December. This is against a standalone net loss of Rs 170.8 million the company had posted during the year-ago period.

NDTV, which operates news channels NDTV 24X7 (English), NDTV India (Hindi) and NDTV Profit (English business), saw a marginal increase in the income from operations (4.24 per cent) to Rs 1.01 billion as against Rs 964.8 million a year ago.

Expenses stayed flat at Rs 997.7 million (from Rs 972.2 million a year ago).

The company posted a profit from operations (before other income, interest & exceptional items) of Rs 23.9 million, as against loss of Rs 2.5 million during the year ago period.

On a consolidated basis, NDTV has posted a net loss of Rs 60.5 million, as against a net loss of Rs 148.4 million in the year-ago period.

Operating loss of the company narrowed to Rs 39.8 million from Rs 72.8 million in the corresponding quarter of the previous fiscal.

Income from operations stood at Rs 1.26 billion, up from Rs 1.14 billion a year ago. Expenses during the quarter were Rs 1.30 billion, up from Rs 1.22 billion.

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