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NDTV Q2 Results: Reports Rs 5.55 Crore Profit, Revenue Up 36%

NDTV's Q2 revenue rose 36.51% to Rs 95.5 crore in Q2 FY24.

Vivek Punj

In this photo illustration, the Indian media news company logo, NDTV, is seen displayed on a mobile phone screen. (Source: Reuters)

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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WRITTEN BY
Vivek Punj
Vivek Punj covers business and markets at NDTV Profit as a Desk Writer. He ... more
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