NDTV reports Rs 15.2 cr profit in Q1 FY20; Group turnaround of Rs 25.3 cr

The NDTV Group has declared its best quarter in six years, with the Group’s television business (NDTV Ltd) recording five consecutive profitable quarters for the first time in its history, earning a profit of Rs 9 crore. 

The NDTV Group has recorded a profit of Rs 15.2 crore in the first quarter ended June 30, 2019. At the Group or consolidated level, this is a turnaround of Rs 25.3 crore; for the television business, the improvement is of Rs 8.4 crore over the same time last year. 

At the Group level, NDTV is profitable by Rs 19.91 crore before tax and exceptional items, and its share of losses in associate or joint ventures as against a loss of Rs 0.92 crore for the same period last year. 

The company continues to maximise resource efficiency with operating costs reduced by 9 per cent over the first quarter of last year. 

NDTV Convergence, the digital branch of the company, has recorded its highest-ever revenue in this quarter; its EBITDA of 30 per cent is an improvement over the last years. On the day that the results of the 2019 General Election were announced, NDTV Convergence claims to have received 16.5 billion hits.