Television

NDTV Convergence Q1 revenue jumps by 65%; parent company reports loss

http://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public?itok=O0F3fnj4

MUMBAI: NDTV's digital business, NDTV Convergence, has enjoyed spectacular growth. Its revenue has jumped by 65 per cent to Rs. 380 million from Rs. 230 million in the same quarter last year. However, the parent company, NDTV, reported a consolidated loss of Rs 220.01 million for the quarter ended 30 June 2017 (Q1-18, current quarter) as compared to a profit after tax (PAT) of Rs 76.1 million in the immediate trailing quarter (Q4-17) and a loss of Rs 445.5 million for the corresponding year ago quarter.

NDTV Convergence now has 135 million unique visitors a month,which is more than 100 per cent increase over same period last year. Profit after Tax improved to Rs. 70 million compared to a loss of Rs. 30 million in the same quarter last year

The company launched RailBeeps,a new offering which allows users the fastest possible experience in tracking updates on their railway bookings. The product currently tracks live data on over 12,000 Indian trains, and allows users to discover the best trains, organize all their routes and trips in one place.

NDTV?s consolidated total income was almost the same year-on-year in Q1-18 at Rs 1,096 million as compared to Rs 1085.7 million, but declined sharply quarter-over-quarter from Rs 1,525.2 million.

NDTV?s consolidated total expenditure in the current quarter at Rs 1,284.3 million was substantially lower y-o-y than the Rs 1,477.6 million in Q1-17 and also lower q-o-q than the Rs 1,393.2 million in Q4-17.

The company?s television segment reported slightly lower y-o-y revenue in Q1-18 at Rs 1034.8 million as compared to Rs 1064.1 million in Q1-17 and lower q-o-q than the Rs 1,459.2 million in the immediate trailing quarter.

The group EBITDA improved by Rs. 19 million compared to same quarter last year. EBITDA from Television & Digital segments achieved break-even in this quarter, says the company.

The Group EBITDA loss was reduced from Rs. 210 million last year same quarter to Rs. 2 million in current quarter due to improved contributions from the digital business, cost reduction initiatives, improved productivity and reduction of losses in e-Commerce business.

Latest Reads

http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/11/16/epic.jpg?itok=YUXKfF_T
EPIC CHANNEL CELEBRATES 4 YEARS OF GENRE DEFINING CONTENT

Launched on November 19, 2014, EPIC celebrates the completion of four years on air, in which it has set aspirational benchmarks for Indian TV content.

Television TV Channels Music and Youth
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/11/16/all.jpg?itok=Bl1B0RFF
Celebrating 100 years of Bengali cinema, Viacom18 and Film Heritage Foundation bring the 4th Film Preservation & Restoration Workshop to Kolkata

In line with the centenary celebration of the Bengali Film Industry, and with a purpose to encourage and give an impetus to film preservation and restoration, the 4th edition of Film Preservation & Restoration Workshop India (FPRWI) 2018 was today inaugurated at Kolkata’s Rabindra Sadan.

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/11/16/vimal.jpg?itok=vZMIDq7y
Vimal Elaichi Pan Masala enters top 5 most advertised brands in BARC week 45

The Broadcast Audience Research Council (BARC) India has released its data for top advertisers and brands between 27 October-02 November 2018. The data is a reflection of top 10 advertiser and brands across genre on Indian television (U+R) : 2+ Individuals. The data demonstrates ads that were...

Television TV Channels Viewership
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/11/16/zee.jpg?itok=A45zgrUK
Zee Anmol back on top of Hindi channels across genres

Zee Entertainment Enterprises Ltd's (Zeel) free to air (FTA) Hindi GEC Zee Anmol was back to second rank in Broadcast Audience Research Council of India’s (BARC) weekly list of top 10 channels across genres in week 45 of 2018 (Saturday, 3 November 2018 to Friday, 9 November 2018, week under review...

Television TV Channels Viewership
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/11/15/mnx.jpg?itok=kkSouPMq
MNX to premiere supernatural fright flick, ‘Wish Upon’

MNX, the preferred movie channel of the millennials, will premiere, American supernatural horror film, ‘Wish Upon’ for the first time on Indian television.

Television TV Channels English Entertainment
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/11/15/hk.jpg?itok=_7gx18dv
Hill+Knowlton Strategies India wins communication mandate for Discovery India

After a competitive multi-agency pitch, Hill+Knowlton Strategies, one of India’s premier communications consultancies

Television TV Channels English Entertainment
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/11/15/hockey.jpg?itok=CCftHmln
Doordarshan now wants all matches of men’s hockey WC

Even as TV sports channels are wracking their brains as part of a public consultation to justify why proposed tweaking of rules relating to mandatory sharing of signals of sporting events is not a good idea, the Indian government has gone ahead to notify hockey World Cup for sharing with the...

Television TV Channels Sports
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/11/15/balaji.jpg?itok=osia3roz
Balaji Telefilms reports higher programming hours and better realisation

The Ektaa Kapoor-led Balaji Telefilms Ltd reported a consolidated profit from continuing operations of Rs 7.1 crore for the quarter ended 30 September 2018 (Q2 2019, quarter or period under review) as compared to a loss of Rs 22 crore for Q2 2018 and a loss of Rs 0.6 crore in the immediate trailing...

Television Production House Post Production
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/11/14/aaj-tak.jpg?itok=Wi61qSr1
3rd Sahitya Aaj Tak India’s largest Hindi Literature Festival promises a grander & a bigger show

Aaj Tak, India’s No. 1 Hindi news channel with over 25 crore viewers (Source: BARC, TG:2+,Mkt:HSM, Period: W29'18-W32'18,) kicks-off the third edition of its annual mega Hindi literature festival - Sahitya AajTak .

Television TV Channels News Broadcasting

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories