NDTV beats market forecast, Q4 revenue up 25%

MUMBAI: News broadcaster NDTV has beaten market expectations as it posted a 25 per cent jump in its fourth-quarter income over the earlier year and has forecast a turnaround in the full-fiscal ended 31 March 2012.

Though the news business has posted a fourfold rise in net loss for the quarter ended 31 March 2011, this is due to a one-time expense of Rs 293.8 million incurred on account of NDTV Hindu, a news-cum-infotainment channel for Chennai.

The company, which runs news channels NDTV 24X7 and NDTV India, has posted a standalone net loss of Rs 231.8 million for the fourth quarter compared to a net loss of Rs 46.3 million in the prior year.   
  "We made a provision of Rs 293.8 million for our investments in NDTV Hindu in the quarter. Our losses are showing a rise because of this," said NDTV Group CEO KVL Narayan Rao. NDTV Hindu, a joint venture between NDTV and the Hindu Group, was launched in 2009.

Income from operations for the quarter under review stood at Rs 1.08 billion, as against Rs 865 million in the year-ago period.

The standalone profit from operations (before other income, interest & exceptional items) increased to Rs 97.1 million, from Rs 11.3 million a year ago.

"We have had a healthy rise in our fourth quarter revenue from news business. This has been led by a change in the market and by a loaded news-events quarter such as the cricket World Cup, Budget and scams. We also believe that having a credible image has helped us in such an eventful quarter," said Rao.

Expenses from news operations rose 18 per cent to Rs 1.02 billion, from Rs 863.1 million.

"We expect our news business to break-even this fiscal. Our costs will be stabilising over the next six months. We also expect to see revenue growth after our alliance with Star India," said Rao.

NDTV has handed over the ad sales of its news channels to Star India, effective 1 April, after it parted ways from Raj Nayak‘s Aidem Ventures.

For the full fiscal, NDTV‘s standalone net loss jumped to Rs 986.3 million, from Rs 205.2 million in the earlier year. Income from operations stayed flat at Rs 3.47 billion (from Rs 3.49 billion).

Expenses jumped 11.57 in FY‘11 and stood at Rs 3.96 billion as against Rs 3.55 billion in the prior fiscal.

On a consolidated basis, NDTV posted a net loss of Rs 608 million for the quarter ended 31 March 2011, as against a net profit of Rs 2.13 billion a year ago. However, in the previous year, the company had managed to post profit on the back of Rs 3.37 billion which it received for selling its stake in NDTV Imagine. NDTV also clarified that the consolidated results for the quarter and year ended 31 March 2011 are not comparable with the corresponding previous period.

Income form operations on a consolidated basis fell 6.52 per cent to Rs 1.32 billion, from Rs 1.41 billion, while total expenses reduced from Rs 2.54 billion to Rs 1.49 billion.

For the fiscal ended 31 March 2011, NDTV posted a consolidated net loss of Rs 1.74 billion, as against a net profit of Rs 1.18 billion in the earlier year. Income from operations fell to Rs 4.19 billion, from Rs 5.90 billion in the year-ago period, while expenses reduced from Rs 8.94 billion to Rs 5.25 billion.

"On a consolidated basis, we should be doing better in FY‘12. In the fourth quarter, NDTV Lifestyle has broken even while in the convergence segment we have posted a small profit. We have reasonable growth expectations in the current fiscal," said Rao.

Latest Reads
US$ 4.5 bn expected from IPL rights; SC recommends accounts scrutiny

The Supreme Court on Friday froze all financial transactions between the BCCI and state cricket associations by directing the apex body not to disburse any funds till it resolves to abide by the Justice RM Lodha panel recommendations on reforms by 3 December . The top court ordered that none of...

Television TV Channels Sports
TVS Tyres is co-presenter for Asian Champions Trophy 2016

Continuing its strong connect with sports, TVS Tyres has associated with Asian Champions Trophy 2016 by becoming the co-presenter. The Asian Champions Trophy is one of the premier hockey tournaments, a much sought after annual international competition promising some great hockey action. This...

Television TV Channels Sports
Q2-17: Zee Learn declares maiden interim dividend

The board of directors of the Essel group’s education company Zee Learn Limited (ZLL) have declared a first time ever dividend of 5 percent per equity share of Re 1 each for the quarter ended 30 September 2016 (Q2-17, current quarter).

Television TV Channels Factual & Documentary
Whether BARC action can stop unethical practices?

Whether businesses and industries practice their art of selling fairly although they have 'Fair Practices' training during the academic courses, workshops and several ISO and other certifications? There seems to be the fear of the lawman, and not the law in India.

Television TV Channels Viewership
TV Superhighway: beIN, Yaddo, AfricaXP have joined us, says Magine CEO Ambuj Goyal

CANNES; Magine has secured partnerships with four of the industry’s most exciting sports, documentary and entertainment content providers. Partnerships with beIN, the international media group and owner of MIRAMAX; Yaddo, the new documentary streaming service headed up by former head of The BBC’s...

Television TV Channels Factual & Documentary
Colors emerges strong on strength of Naagin I & II

MUMBAI: One of the top rated shows Naagin Season 2 helped Colors reach a top-ranking position.

Television TV Channels GECs
Pakistan Broadcasters Association to oppose PEMRA Indian content ban

MUMBAI: The Pakistan Electronic Media Regulatory Authority (PEMRA) shocked both Pakistan and Indian broadcasters when it issued an order blanking out  all Indian content from Pakistan’s television channels on 19 October.

Television TV Channels GECs
Sony Pix to telecast 'Jurassic World' on 22 October

Sony Pix will take the viewers on a thrilling, adventurous journey with cloned dinosaurs in their Billion Dollar Premiere property. The channel plans to air Jurassic World on 22 October at 1 pm and 9 pm.

Television TV Channels English Entertainment
Sony AXN scripts deal with Pinewood; buys stake in SVOD service Hopster

Folks at Sony Pictures Television (SPT) are in a celebratory mood. Not only has it signed a six-series deal with Pinewood Television but has also acquired a minority stake in the London-based video subscription service for kids content - Hopster.

Television TV Channels English Entertainment

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories