Cable TV
Report on Shemaroo

NXTDigital turns around its business with Rs 13.66 crore profit in Q4

The company has reported Rs 277.96 crore revenue for the quarter.

KOLKATA: NXTDigital has turned its business profitable by raking in Rs 13.66 crore profit after tax (PAT) for the fourth quarter. The company has reported Rs 277.96 crore consolidated revenue for the quarter.

It posted Rs 0.32 crore PAT in the previous quarter and a loss after tax of Rs 43.43 crore in the corresponding quarter of the previous year. The revenue also grew by 6.95 per cent over the previous quarter of Rs 259.90 crores and by 22.38 per cent over the corresponding quarter of the previous year.

The Earnings Before Interest Taxes Depreciation and Amortization (EBITDA) for the quarter at Rs 67.54 crores was higher by 8.10 per cent over the EBITDA of the previous quarter of Rs 62.47 crores and a 167 per cent growth over the EBITDA of the corresponding quarter of the previous year.

For overall FY 21, the company recorded an EBITDA of Rs 232.08 crore, growing by 6.16 per cent over the EBITDA of the previous year of Rs 218.62 crores (excluding one-time revenues of Rs 123.12 crores in the previous year. Consolidated revenue for the year remained consistent at Rs 1,008.5 crores, marginally down from Rs 1,038 crores –due to a reduction in the low-margin non-core trading business.

“The stellar performance can be attributed to the company’s focus on uninterrupted customer service during the lockdown and after, innovative products and solutions to combat the myriad of ground challenges, driving close to a 100 per cent digital mode of collections on a prepaid basis and the unstinting and tireless efforts of all our employees and our Last Mile partners - all of whom rose to the occasion, without exception,” NXTDigital MD & CEO Vynsley Fernandes said.

The company will continue to focus on its transformation to an “all-digital” services company, driving a host of new products and solutions, whilst expanding into new geographies. One of the key growth drivers for the future will be its recently launched infrastructure sharing PaaS or Platform-as-a-Service offering.

Latest Reads
Make in India push for set-top boxes face challenges

Last year it made headlines when large DTH players including Tata Sky, Dish TV announced their decision to move manufacturing of a significant portion of set-top boxes (STBs) in India. The announcements were in line with the government’s renewed push for Make in India.

Cable TV Local Cable Operators
Cable industry veteran Lt Col VC Khare passes away

KOLKATA: Cable TV expert, retired Lt.Col VC Khare has passed away. He contributed to the cable TV industry in India at different roles for nearly three decades. He was a member of the Bureau of Indian Standards (BIS) where he played a significant role in formulating 8 BIS Specification for cable TV...

Cable TV People
SCTE India announces its new executive board for the term 2021-2024

New Delhi: The Society of Cable Telecommunication Engineers (SCTE), India has appointed NXTDIGITAL Limited MD and CEO, Vynsley Fernandes as the honorary chairman, Sandeep Bhargava as the president, and Rahul Nehra as the national secretary. The announcement was made at the recently held annual...

Cable TV People
GTPL KCBPL partner with UKIO, spread smiles

GTPL KCBPL has partnered with UKIO to spread smiles during these difficult times and expand their product offering. UKIO is a personalised messaging platform that allows users to share video call messages with their loved ones via their favourite celebrity icons.

Cable TV Local Cable Operators
GTPL Hathway earmarks Rs 400 crore capex for FY22

Pan India multi-system operator (MSO) GTPL Hathway is increasing its capex projection for FY22 to Rs 400 crore, compared to Rs 335 crore it invested in FY21, a top executive revealed in an investors call.

Cable TV Local Cable Operators
NXTDIGITAL & Siti Networks ink industry-first pact for infra sharing

NEW DELHI: Hinduja Group's Headend-in-the-Sky (HITS) platform NXTDIGITAL and multi-system operator (MSO) Siti Networks have inked a first-ever infrastructure sharing agreement in the MSO space in the country. The move, the first of its kind, will have two conventional competitors share...

Cable TV Multi System Operators
Reliance to sell 11.61 per cent stake in Hathway

Reliance Industries is preparing to sell 11.61 per cent of its stake in Hathway Cable & Datacom to comply with SEBI’s minimum public holding norms. Through offers for sale (OFS), Reliance plans to offload Hathway shares worth Rs 442 crore, bringing down its holding in the cable company to 75...

Cable TV Local Cable Operators
Den Networks calls off merger with Hathway, TV18

Multi-system operator Den networks has decided not to proceed with the scheme under which TV18 Broadcast, Hathway Cable & Datacom and Den Networks were to merge into Network18 Media & Investments.

Cable TV Local Cable Operators

Sign up for our Newsletter

subscribe for latest stories

* indicates required