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For
the full fiscal, NDTV's standalone net loss came down to Rs 191.5
million, from a net loss of Rs 986.3 million in the earlier year.
Income from operations went up by almost 5 per cent to Rs 3.63 billion,
from Rs 3.46 billion.
NDTV’s
FY’2011-12 loss from operations (before other income, interest
& exceptional items) came down to Rs 200 million, compared to
a loss of Rs 426.4 million a year ago.
Though
expenses remained flat at Rs 3.98 billion (from Rs 3.97 billion),
NDTV said that the company has undertaken a group-wide exercise
to improve efficiencies and cut wasteful expenses, while “ensuring
that content and production values are not compromised”.
“As
a result, there has been a significant 16 per cent reduction in
operating and administration expenses over the last financial year,”
it said.
On
a consolidated basis, NDTV posted a net loss of Rs 413.3 million
for the quarter ended 31 March 2012, as against a net loss of Rs
608 million a year ago.
Income
from operations on a consolidated basis grew marginally to Rs 1.35
billion (from Rs 1.32 billion), while total expenses stood at Rs
1.42 billion, compared to Rs 1.48 billion.
For
the fiscal ended 31 March 2011, NDTV posted a consolidated net loss
of Rs 873.8 million, as against a net loss of Rs 1.74 billion in
the earlier year. Income from operations stood at Rs 4.74 billion,
up from Rs 4.23 billion a year ago, while expenses rose marginally
to Rs 5.31 billion, from Rs 5.27 billion.
NDTV
also said that its new businesses are giving rise to new revenue
streams. It said that NDTV Good Times continued its reign as the
numero uno lifestyle channel in India. NDTV Lifestyle, which operates
the channel NDTV Good Times, witnessed a “significant rise
in revenues, reporting around 38 per cent growth over the last fiscal
year”.
Meanwhile,
NDTV Convergence, which operates the Internet and mobile business
of the group, recorded a five-fold jump in PAT for the year ended
31 March 2012. Revenues rose by 60 per cent over the last fiscal
year.
NDTV
WorldWide has turned profitable. “PAT for NDTV WorldWide, the
media consultancy business of the group, doubled during the year
ended 31 March 2012. Revenues tripled over the last fiscal year,”
NDTV said.
In
the one-time write-off, the company said, “The major exceptional
items relate to closure of operations of Turner General Entertainment,
which operated the General Entertainment Channel, ‘Imagine’
(earlier, known as ‘NDTV Imagine’ prior to sale of stake
to the Time Warner group), in which NDTV had retained a minor stake.
Further, an investment in a listed entity, whose market value has
reduced significantly, has also been provided for.”
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