Stock Report

NDTV Group has profitable Q3, Digital business clocks its highest ever revenue for the quarter

Posted On : 2023-02-08 11:59:11( TIMEZONE : IST )

The NDTV Group is declaring its 2nd most profitable year-to-date results in over a decade. For Q3 as well, the NDTV Group remains profitable.

NDTV's standalone YTD profit is Rs. 25.3 crores compared to Rs. 41.4 crores last year.

The group's digital arm, NDTV Convergence, has delivered its best-ever revenue for Q3 with a profit of Rs. 13.3 crores. YTD revenues are up by 22% over last year.

NDTV has clocked a profit of Rs. 4.6 crores in Q3 on standalone basis; for the Group, the profit is Rs. 12.9 crores - lower in comparison to the same quarter last year, primarily due to reduction in consumption of advertisement inventory across news genre.

This is the 13th consecutive profitable quarter for the NDTV Group.

As always, NDTV thanks its team-members for their hard work and commitment to delivering worldclass journalism day after day.

Shares of New Delhi Television Limited was last trading in BSE at Rs. 216.95 as compared to the previous close of Rs. 214.65. The total number of shares traded during the day was 110369 in over 2856 trades.

The stock hit an intraday high of Rs. 225.35 and intraday low of 212.85. The net turnover during the day was Rs. 24564188.00.