NDTV reports profit of Rs 2.6 crore in Q1
Media firm New Delhi Television Ltd (NDTV) today reported a standalone profit of Rs 2.6 crore for the first quarter ended June 30, 2014.
By PTI | Updated:
NEW DELHI: Media firm New Delhi Television Ltd ( NDTV) today reported a standalone profit of Rs 2.6 crore for the first quarter ended June 30, 2014.
The company had reported a standalone loss of Rs 19 crore in the corresponding period last year, NDTV said in a statement.
NDTV's standalone revenue also increased 47 per cent to Rs 117 crore during the April-June quarter as against Rs 80 crore in the same period last fiscal, it added.
"General News continues to be profitable and recorded an EBITDA of Rs 26 crore; an increase of Rs 20 crore compared to the compared to the same period last year," said NDTV.
The company's other channel NDTV Profit/Prime posted a net loss of Rs 11 crore during the quarter, it added.
Shares of NDTV today closed at Rs 87.45 apiece on the BSE, down 4.01 per cent from previous close.
The company had reported a standalone loss of Rs 19 crore in the corresponding period last year, NDTV said in a statement.
NDTV's standalone revenue also increased 47 per cent to Rs 117 crore during the April-June quarter as against Rs 80 crore in the same period last fiscal, it added.
"General News continues to be profitable and recorded an EBITDA of Rs 26 crore; an increase of Rs 20 crore compared to the compared to the same period last year," said NDTV.
The company's other channel NDTV Profit/Prime posted a net loss of Rs 11 crore during the quarter, it added.
Shares of NDTV today closed at Rs 87.45 apiece on the BSE, down 4.01 per cent from previous close.
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