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NDTV consolidated net widens in Q1
MUMBAI: NDTV Ltd’s consolidated net loss widened to Rs 38.36 crore (Rs 383.6 million) in the fiscal first quarter ended 30 June 2016. In the year-ago quarter, net loss stood at Rs 24.29 crore (Rs 242.9 million).
Consolidated income from operations was down 5.99% to Rs 112.81 crore (Rs 1.13 billion) versus Rs 120.01 crore (Rs 1.2 billion) in the same quarter last year.
However, revenues for NDTV 24×7 and NDTV Profit/Prime were higher at 10% and 21% respectively.
Total expense for the quarter ended 30 June stood at Rs 147.11 crore (Rs 1.47 billion) compared to Rs 145.92 crore (Rs 1.46 billion) a year ago.
Employee benefit expenses rose to Rs 57.86 crore (Rs 578.6 million) compared to Rs 50.77 crore (Rs 507.7 million) a year ago.
Marketing, distribution and promotional expenses stood at Rs 22.69 crore (Rs 226.9 million), down from Rs 29.33 crore (Rs 293.3 million).
NDTV Group ended with an operating loss of Rs 27 crore (Rs 270 million) in the fiscal first quarter compared to Rs 15 crore (Rs 150 million) a year ago.
NDTV’s revenue from television media and related operations in the fiscal first quarter was down 4.26% to Rs 111.78 crore (Rs 1.12 billion) versus Rs 116.76 crore (Rs 1.17 billion) a year ago.
Loss before tax and interest from this segment stood at Rs 22.83 crore (Rs 228.3 million), up from Rs 12.55 crore (Rs 125.5 million).
Capital employed was at Rs 153.92 crore (Rs 1.54 billion) compared to Rs 226.78 crore (Rs 2.27 billion) in the earlier year.
NDTV’s retail/e-commerce segment reported revenue of Rs 2 crore (Rs 20 million) in the quarter ended 30 June, down 65.33% from Rs 5.77 crore (Rs 57.7 million) a year ago.
Loss from this segment was at Rs 9.01 crore (Rs 90.1 million), slightly higher than Rs 8.39 crore (Rs 83.9 million) from the prior-year period.
Capital employed stood at Rs 23.88 crore (Rs 238.8 million), from 0.8 million a year ago.