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.
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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.
