NDTV Q2 Results: Revenues Grow 17%, Expenditures Down 10%
NDTV has registered a 17% growth in revenues at Rs 140.37 crore against Rs 120.27 crore a year earlier. The company registered a net loss of Rs 85.59 Crores against Rs 83.41 Crores in the sequential quarter.
The standalone revenues figure came in at Rs. 69.35 Crores a dip of 6 % from corresponding quarter whereas net loss was Rs. 11.85 Crores.
The company also managed to lower its expenditure for the quarter through various cost cutting measures taken by the management in past quarters. The consolidated expenditure decline by 10% to Rs 208.66 Crores from Rs 231.23 Crores in the year-ago quarter. Subscription income has increased 23% over the same quarter of the previous year.
Mr. Pramod Bhasin, CEO Genpact would also be joining NDTV board. The appointment signals the need to handle cost pressures in an effective manner as done by many big outsourcing companies in India.
NDTV Imagine and NDTV Good Times are seeing a spike in viewership. NDTV Profit has maintained its market share although the business channel space is getting crowded. NDTV also bought back NBC Universal’s 26% indirect stake in NDTV Networks Plc, the holding company for its non-news business.
The company has also claimed that NDTV Convergence has been witnessing healthy traffic although didn’t give any figures to support the claim. NDTV .com, flagship portal at the same time has enhanced consumer offering by adding on-line education, travel e-commerce, astrology, books and gadgets e-commerce.
NDTV seems to be rolling up its sleeves to fight cost pressures at the same time deriving renewed focus on emerging media channels like Internet and GEC segment. The company is still far away in becoming cash flow positive and thus needs to cut away costs at fast pace and put new investments into thriving businesses .
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Hi Raghav, any details on the performance of NDTV Imagine?
well… i visit your website first time and found this site very usefull and intresting !
well… you guys doing nice work and i just want to say that keep rocking and keep it up !!!!
Regards
priya
@vaibhav
Not much info on NDTV Imagine from the company apart from the spike witnessed in viewership in last few quarters.
@priya
Thanks