India's NDTV falls on posting Q2 loss

New Delhi Television

23/10/2024 10:42

** Shares of New Delhi Television (NDTV)  NDTV.NS  fall as
much as 4.7% to 177 rupees on Q2 results
    ** News broadcaster posts Q2 net loss of 527.7 mln rupees
($6.3 mln) against profit of 59.1 mln rupees a year ago
    ** Q2 rev rose 16.5% to 1.11 bln rupees, while expenses
surged nearly 1.8x to 1.64 bln rupees
    ** Stock set to fall for fifth straight month, has lost
about 11% so far
    ** More than 364,000 shares traded, 2.8x 30-day moving avg
    ** NDTV last down 2.1%, extending YTD losses to ~37%

($1 = 84.0725 Indian rupees)

 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))