NDTV turnaround in Q4 FY17: Net profit at Rs 5 cr, costs sharply down
NDTV’s turnaround plan takes effect as the Group recorded net profit of Rs 5 crore for the fourth quarter ended March 31, 2017, compared to a loss of Rs 1 crore in the same quarter previous year.
NDTV Group’s costs as a part of strategic initiatives have gone down significantly by 17 per cent – from Rs 164 crore in Q4 FY16 to Rs 137 crore in Q4 FY17.
EBITDA increased by Rs 15.4 crore – from Rs 8.3 crore in Q4 FY16 to Rs 23.7 crore in the current quarter.
NDTV’s Hindi news channel, NDTV India, made a profit of Rs 7 crore this quarter alone.
Digital Business Highlights
NDTV’s digital arm posted 100 per cent jump in net profit to Rs 8 crore in Q4 FY17, compared to Rs 4 crore in the same quarter previous year.
NDTV.com now has 120 million unique visitors, with page views exceeding 1 billion each month.
Gadgets360.com (Red Pixels Ventures) had an operational break even (after tax in its first full year of operation before a one-off expense). Gadgets360’s content play continues to be the dominant player in gadget news and reviews, with more than twice the unique users compared with its nearest competitor.
Gadgets360 is now among the Top 20 Technology News websites in the world (according to market intelligence company SimilarWeb).