Picture of New Delhi Television logo

NDTV — New Delhi Television News Story

0.000.00%
in flag iconLast trade - 00:00
Consumer CyclicalsAdventurousSmall CapSucker Stock

Indian news broadcaster NDTV posts twelfth straight quarterly loss

Indian news broadcaster NDTV posts twelfth straight quarterly loss

- India's New Delhi Television NDTV.NS posted its twelfth consecutive quarterly loss on Monday, albeit narrower than a year earlier, hurt by higher production expenses.

The broadcaster's consolidated loss stood at 632.7 million rupees ($6.65 million) for the quarter ended September 30, compared with a loss of 741.1 million rupees a year earlier, helped in part by a decline in marketing cost.

  • NDTV, in which the ports-to-energy conglomerate Adani Group holds a majority stake, reported a nearly 21% surge in quarterly expenses for production and cost of services

  • Consolidated revenue from operations rose 5.8% over the year ago to 1.29 billion rupees

  • The company has been investing in new channels and expanding its content portfolio, such as lifestyle channel Goodtimes

  • Indian broadcasters have also been grappling with weak TV advertising demand as macroeconomic uncertainty prompts businesses to cut spending, with intense competition from digital advertising adding to the pressure

  • Rivals Reliance group-controlled Network18 Media NEFI.NS, TV Today Network TVTO.NS and Zee Media Corporation ZEEN.NS, among others, have yet to report their results

($1 = 95.2100 Indian rupees)


(Reporting by Aishwarya Jain in Bengaluru; Editing by Mrigank Dhaniwala and Shilpi Majumdar)

((Aishwarya.Jain@thomsonreuters.com;))

Recent news on New Delhi Television

See all news