NDTV reports standalone profit, lower consolidated loss in Q1-2015

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By Tarachand Wanvari Posted on : 08 Aug 2014 08:37 pm

BENGALURU: New Delhi Television Limited (NDTV) reported a standalone PAT of Rs 2.6 crore in Q1-2015 as compared to a loss of Rs 19 crore in the corresponding year ago quarter. On a consolidated basis, the company reported almost one tenth (1/9.5 times) the loss in Q1-2015 at Rs 3.02 crore as compared to the loss of Rs 31.39 crore in Q4-2014 and about one-sixth (1/5.7) the loss of Rs 18.88 crore in Q1-2014.

Note: 100,00,000 = 1 crore = 100 lakh = 10 million

NDTV’s consolidated Total revenue (TOI) for Q1-2015 was 42.6 per cent more at Rs 146.04 crore as compared to the Rs 106.19 crore in Q4-2014 and was 17.7 per cent more than the Rs 124.09 crore in the immediate trailing quarter.

The company says that General News continues to be profitable and recorded an EBITDA of Rs 26 crore; an increase  Rs 20 crore compared to the same period last year.

NDTV Profit / Prime: Net Loss of Rs 11 crore remained same as last year despite the re-launch costs incurred during the quarter on the back of impressive revenue growth of 81 per cent in the current quarter.

NDTV Group PAT performance improved by Rs 23 crore, from a loss of Rs 24 crore in Q1-2014 to Rs 1 crore loss in current quarter.

Consolidated revenues increased by 40 per cent to Rs 150 crore in Q1-2015 from Rs 107 crore in Q1-2014.

The company says that NDTV Convergence maintained its growth momentum clocking 50 per cent growth YoY and continues to be profitable.

Ndtv.com saw traffic with 13 billion hits in one day - on the counting day of 16 May 2014 for the Lok Sabha elections.

NDTV Retail / E-commerce venture IndianRoots has achieved an ‘Average Order Value’ of Rs 9,000. IndianRoots has carefully positioned itself as a platform for high end fashion. While the United States remains its largest market, IndianRoots has also made strong inroads into India. India accounts for 30 per cent of the total traffic and is the second largest market. Revenue growth is at 52 per cent QoQ and in line with early stage e-commerce businesses. It has incurred a loss of Rs 4.5 crore in this quarter.

 

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