NDTV reports its first profitable Q1 since 2014 with PAT of Rs 0.9 cr
New Delhi Television Limited has reported its first profitable Q1 since 2014. The media group has reported a standalone Profit After Tax (PAT) of Rs 0.9 crore in Q1 FY2019, compared to a loss of Rs 16 crore in the corresponding quarter of the previous fiscal. NDTV shows a PAT turnaround of Rs 17 crore YoY (over the same period last year).
The earnings before depreciation, interest and taxes stand at Rs 7.5 crore versus a loss of Rs 8.8 crore last year.
Operating costs have reduced by 24 per cent YoY, from Rs 84 crore to Rs 64 crore.
For NDTV Group (including e-commerce), the consolidated results for the quarter show a significantly lower loss of Rs 2.7 crore, against a loss of Rs 22 crore last year.
NDTV Convergence hit 200 million unique visitors for the first time with revenues of Rs 37 crore, with Profit After Tax of Rs 4 crore. Traffic has increased by nearly 50 per cent over last year. NDTV Convergence has launched vernacular content with Bengali and Tamil sites.