NDTV Group reports best performance in 9 yrs; sees turnaround of Rs 90 cr

The NDTV Group has closed the financial year 2018-19 with a massive turnaround of Rs 90.2 crore to declare a profit of Rs 10.2 crore, as against a declared a loss of Rs 80 crore in FY2017-2018. 

As per a release issued, the Group’s broadcast company, NDTV Limited, is declaring its best results in 14 years with a profit of Rs 13.3 crore. Last year, the broadcast company had losses of Rs 1.4 crore. 

This is the NDTV Group’s best performance in nine years. 

The Group has registered a profit of Rs 32.6 crore before tax, exceptional items and its share of losses in associate or joint ventures as against a loss of Rs 61.7 crore for last year. 

The Group’s operating costs are down by Rs 113.1 crore over the last year. 

NDTV Convergence, the Group’s digital company, has clocked its best Q4 ever in terms of revenue. Convergence remains highly profitable and its traffic is growing steadily over its already huge base.