New Delhi Television Ltd. returned to profit in the quarter ended September.
The news broadcaster reported a consolidated profit of Rs 5.5 crore during the quarter under review, according to the exchange filing issued on Monday. The company had posted a loss of Rs 8.1 crore in the preceding quarter.
NDTV Q2 FY24 (Consolidated, QoQ)
Revenue up 36.51% at Rs 95.5 crore.
Ebitda at Rs 4.7 crore vs Ebitda loss of Rs 9.5 crore.
Margin at 4.92%.
Net profit at Rs 5.5 crore vs net loss of Rs 8.1 crore.
Total expenses increased 14% to Rs 93.5 crore during the quarter, the company filing showed.
On a standalone basis, revenue climbed 58.8% to Rs 61.9 crore, whereas standalone profit was at Rs 8.1 crore, against a loss of Rs 7.4 crore.
Shares of NDTV were trading 5.37% lower on the National Stock Exchange at 3:12 p.m., as compared with a 1.35% decline in the benchmark NSE Nifty 50.
Disclaimer: AMG Media Networks Ltd. (AMNL) currently owns 49% stake in Quintillion Business Media Ltd. (QBML), the owner of BQ Prime Brand. AMNL has entered into an MOU to acquire the balance 51% stake in QBML. Post acquisition, QBML will become a wholly owned subsidiary of AMNL.
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