NDTV Group's Best Q2 Ever, Profit Of Rs. 17.6 Cr

The NDTV Group is declaring the best Q2 ever in its history with a profit of Rs. 17.6 crores. This marks a turnaround in profitability of Rs. 28 crores over the same quarter last year.

Its broadcast company, NDTV Limited, has earned a profit of Rs 5.3 crores, which is a turnaround of Rs 15.5 crores over the same quarter last year.

This is the best H1 (first half of financial year) result for the television company in its history.

Despite the slowdown of the economy with the onset of the pandemic, the Group has reduced its bank borrowings by Rs. 22 crores since the start of this financial year.

NDTV Convergence, the digital arm of the Group, has improved its revenue by a record 31 percent over last year and its EBITDA is at an all-time high of 39%.

NDTV is very proud of and grateful for the whole-hearted support extended to it by all employees, many of whom took a pay cut in the first half of the financial year.

The Management of the Group continues to focus on shoring against any impact of the pandemic which could play out over the rest of the financial year.

Shares of NEW DELHI TELEVISION LTD. was last trading in BSE at Rs.30.6 as compared to the previous close of Rs. 29.1. The total number of shares traded during the day was 4894 in over 103 trades.

The stock hit an intraday high of Rs. 30.6 and intraday low of 29.1. The net turnover during the day was Rs. 145032.

Source : Equity Bulls

Keywords