The NDTV Group has closed the financial year 2018-19 with a massive turnaround of Rs. 90.2 crore to declare a profit of Rs. 10.2 crore – one of its strongest performances ever.
The broadcast company, NDTV Limited, is declaring its best results in 14 years with a profit of Rs. 13.3 crore. While last year, The NDTV Group declared a loss of Rs. 80 crore it’s broadcast company had losses of Rs. 61.4 crore.
This is the Group’s best performance in nine years.
At the Group level, NDTV has registered a profit of Rs. 32.6 crore before tax, exceptional items and its share of losses in associate or joint ventures as against a loss of Rs. 61.7 crore for last year.
The Group’s operating costs are down by Rs. 113.1 crores over the last year.
NDTV Convergence, the Group’s digital company, has clocked its best Q4 ever for revenue; Convergence remains highly profitable, and its traffic is growing steadily over its already huge base.