NDTV Q2 Results: Profit up 36%, revenue up 5.55 crore

New Delhi Television Ltd. returned to profit in the quarter ended September.

The news broadcaster reported a consolidated profit of Rs 5.5 crore during the quarter under review, according to the exchange filing issued on Monday. The company had posted a loss of Rs 8.1 crore in the preceding quarter.

NDTV Q2 FY24 (Consolidated, QoQ)

• Revenue up 36.51% at Rs 95.5 crore.
• Ebitda at Rs 4.7 crore vs Ebitda loss of Rs 9.5 crore.
• Margin at 4.92%.
• Net profit at Rs 5.5 crore vs net loss of Rs 8.1 crore.

Total expenses increased 14% to Rs 93.5 crore during the quarter, the company filing showed.

On a standalone basis, revenue climbed 58.8% to Rs 61.9 crore, whereas standalone profit was at Rs 8.1 crore, against a loss of Rs 7.4 crore.

Shares of NDTV were trading 5.37% lower on the National Stock Exchange at 3:12 p.m., as compared with a 1.35% decline in the benchmark NSE Nifty 50. BQ Prime