Television

NDTV Convergence records best-ever Q2

NDTV Group and NDTV Ltd have made a big turnaround this quarter

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MUMBAI: The NDTV Group and NDTV Ltd, the broadcasting operations under the group, both have declared profit in the second quarter of this financial year. From the same quarter of last year, the companies have made a big turnaround. NDTV's broadcast operations have declared a profit of Rs 19 lakh.

In the second quarter, the EBITDA or operating profit stood at Rs 6.32 crore as compared to a loss of Rs 9.12 crore for the same time last year. On the other hand, operating costs for the broadcast operations have reduced by Rs 26.27 crore year-on-year. Since the Q1 of this FY, the same has reduced by nearly Rs 7.4 crore.

EBITDA at the group level stood at Rs 11.70 crore, a turnaround of Rs 21.49 crore y-o-y as EBITDA losses for the same quarter last year were Rs 9.79 crores.

Notably, the company's digital arm NDTV Convergence recorded its best-ever Q2 with the highest revenue for this period. While the traffic has grown by 45 percent over the same period last year, ndtv.com is India's biggest news website according to SimilarWeb data.

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