NDTV Group declares profit of Rs 20 crore, best Q3 in over a decade
The NDTV Group is declaring its best Q3 results in the last 11 years with a profit of Rs 20 crore. This is a turnaround of Rs 9 crore over the same quarter last year.
NDTV’s television business has delivered its best Q3 n the last 16 years earning a profit of more than Rs 10 crore, which is a turnaround of Rs 4 crore over the same period last year.
Overall, this is the NDTV Group’s best quarterly result in the last eight years.
NDTV Convergence, the Company's digital arm, has marked its best quarter ever with a profit of more than Rs 10 crore; its revenue has increased by 32 per cent over the same quarter last year.
Despite the business challenges thrown up by the pandemic, the Group has so far in this financial year reduced its bank borrowings by Rs 27 crore.
In a release issued, NDTV said, “The Management of the Group is aware that the financial challenges of an economic slowdown continue to linger, with advertising yet to recover to pre-COVID levels; it is focused on mitigating any risk presented by this for the next few quarters.”