NDTV Reports Q2 Net Loss of Rs 53.45 Crore
By Rediff Money Desk, New Delhi Oct 23, 2024 20:59
NDTV reported a consolidated net loss of Rs 53.45 crore in Q2 FY25, despite a 16.5% revenue growth to Rs 111.32 crore. The company attributed the loss to increased expenses.
New Delhi, Oct 23 (PTI) News broadcaster New Delhi Television Ltd on Wednesday reported a consolidated net loss of Rs 53.45 crore in the second quarter ended on September 2024.
The company had posted a consolidated net profit of Rs 5.55 crore in the July-September quarter last fiscal, New Delhi Television Ltd (NDTV) said in a regulatory filing.
However, its consolidated revenue from operations grew 16.5 per cent to Rs 111.32 crore during the period under review. It stood at Rs 95.55 crore in the year-ago period, it added.
Growth in revenue was "driven by NDTV's enhanced content strategy, an expanding portfolio of Intellectual Properties (IPs), and strategic digital initiatives," it said in an earnings statement.
Total expenses jumped 76.25 per cent to Rs 164.76 crore in the September quarter of FY25.
Shares of NDTV settled 0.77 per cent lower at Rs 167.90 apiece on the BSE.
The company had posted a consolidated net profit of Rs 5.55 crore in the July-September quarter last fiscal, New Delhi Television Ltd (NDTV) said in a regulatory filing.
However, its consolidated revenue from operations grew 16.5 per cent to Rs 111.32 crore during the period under review. It stood at Rs 95.55 crore in the year-ago period, it added.
Growth in revenue was "driven by NDTV's enhanced content strategy, an expanding portfolio of Intellectual Properties (IPs), and strategic digital initiatives," it said in an earnings statement.
Total expenses jumped 76.25 per cent to Rs 164.76 crore in the September quarter of FY25.
Shares of NDTV settled 0.77 per cent lower at Rs 167.90 apiece on the BSE.
Source: PTI
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- GTL Infrastructure
- 1.97 ( -0.51)
- 38295025
- Vodafone Idea L
- 8.12 (+ 5.87)
- 25701862
- Srestha Finvest
- 0.63 ( -4.55)
- 20201045
- YES Bank Ltd.
- 20.89 (+ 7.68)
- 19858365
- G G Engineering
- 1.97 ( -7.51)
- 18206284
MORE NEWS
Air India Room-Sharing Policy Deemed 'Illegal'...
The All India Cabin Crew Association (AICCA) has called Air India's new room-sharing...
Deepak Builders Shares Debut Below Issue Price
Deepak Builders & Engineers India Ltd shares listed with a discount of over 2% on the...
Waaree Energies Shares Surge 70% on Market Debut
Waaree Energies Ltd shares made their market debut on the BSE and NSE with a premium of...