India's NDTV slips after reporting Q3 loss

New Delhi Television

31/01/2024 08:25

** Shares of New Delhi Television  NDTV.NS  fall 2.1% to
270.6 rupees
    ** Adani-owned co reported consol net loss of 95.5 mln
rupees ($1.15 mln) in Q3 vs profit of 25.9 mln year ago
    ** Revenue fell 7% hurt by weak advertising spends; logs
fifth consecutive rev drop
    ** Stock up 3.3% so far in Jan. vs 9.9% fall in Nifty Media
Index  .NIFTYMED  
    ** Stock fell over 24% in 2023 after posting three
consecutive yearly gain



($1 = 83.0500 Indian rupees)

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))