NDTV Q1 Results: Revenue Up 4.5%, Ebitda Loss Narrows
New Delhi Television Ltd. reported a sequential increase in its revenue in the first quarter of fiscal 2024.
Revenue rose 4.5% sequentially to Rs 70 crore as compared with Rs 67 crore, according to an exchange filing. The company's Ebitda loss narrowed in the first quarter to Rs 9.49 crore as against an Ebitda loss of Rs 14.8 crore in the previous quarter.
NDTV Q1 FY24 (Consolidated, QoQ)
Revenue up 4.5% at Rs 70 crore vs. Rs 67 crore.
Ebitda loss at Rs 9.49 crore vs. loss at Rs 14.8 crore.
Net loss of Rs 8.08 crore vs. loss of Rs 1.08 crore.
Net loss for the quarter ended June widened to Rs 8.08 crore, as compared with a net loss of Rs 1.08 crore in the quarter ended March. This is because the company reported a net exceptional gain of Rs 11.8 crore in the fourth quarter of fiscal 2024. It includes an exceptional gain of Rs 15.01 crore incurred after selling a 100% stake in Delta SoftPro to Bathla Teletech Pvt. and its affiliates. It also includes a severance payment of Rs 3.24 crore made to its employees.
There was no exceptional gain or loss in the first quarter.
Shares of NDTV fell 1.66% to Rs 231.45 as compared with a 0.60% decline in the benchmark Nifty 50.
Disclaimer: AMG Media Networks Ltd., a subsidiary of Adani Enterprises Ltd., holds 49% stake in Quintillion Business Media Ltd., the owner of BQ Prime.
-
Signature Play: The Classic Cocktail Is Dead. Or Is It?
Classic cocktails are disappearing from India's cocktail menus. But they're still being ordered, taught to bartenders and borrowed from. So, who's really having the last drink?
-
A New Samvat Wishlist: Inclusive Prosperity And Human Development
India has strengthened its economic foundations through infrastructure, digital access and enterprise. Its next growth chapter must deepen productivity, create better livelihoods and widen participation in prosperity.
-
Love, Sex Aur Dhokha: The Audacious Plot To Spy On Jensen Huang
A Taipei dinner, a Singapore chip buyer and a suspected Chinese asset: inside the alleged spy operation that got close to NVIDIA's Jensen Huang.
-
Ten Things I Learnt This Samvat
Patience can be a trap. Cheap stocks can stay cheap. Leverage can wipe you out. What did Samvat 2082 teach us? Niraj Shah writes on 10 lessons from the year gone by.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
