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General News: NDTV’s TV news biz turns profitable in Q4; full-fiscal net loss stays - Printable Version

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NDTV’s TV news biz turns profitable in Q4; full-fiscal net loss stays - charger - 05-09-2016

MUMBAI: NDTV’s television news business has turned profitable in the fiscal fourth quarter due to a 9.13% rise in revenue from operations over the year-ago period. The news broadcaster reported net profit of Rs 7.5 crore (Rs 75 million) in the quarter ended 31 March 2016, compared to a net loss of Rs 10.69 crore (Rs 106.9 million) a year ago. Revenue from operations grew to Rs 130.53 crore (Rs 1.31 billion) on a standalone basis, up from Rs 119.61 crore (Rs 1.2 billion) in Q4 of FY15. Total expenses grew 13.35% to Rs 122.66 crore (Rs 1.23 billion) from Rs 108.21 crore (Rs 1.08 billion) recorded in the earlier year. Marketing, distribution and promotional expenses rose 21.49% to Rs 24.48 crore as against Rs 20.15 crore in Q4 of FY15. Employee benefit expenses went up by 6.97% to Rs 36.36 crore (Rs 363.6 million) from Rs 33.99 crore (Rs 339.9 million) in the corresponding quarter of the previous year. Meanwhile, NDTV’s consolidated net loss narrowed to Rs 77 lakh (Rs 7.7 million) in Q4, compared to Rs 17.21 crore (Rs 172.1 million) a year ago.

Read more at: http://www.televisionpost.com/television/ndtvs-tv-news-biz-turns-profitable-in-q4-full-fiscal-net-loss-stays/ | TelevisionPost.com