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NDTV Group announces financial results for 2018-19

Posted On: 2019-05-20 23:43:14

The NDTV Group has closed the financial year 2018-19 with a massive turnaround of #902 crores to declare a profit of #102 crores. Last year, it declared a loss of Rs. 80 crores.

Its broadcast company, NDTV Limited, is declaring its best results in 14 years with a profit of Rs. 13.3 crores. Last year, the broadcast company had losses of Rs. 1.4 crores. This is the Group's best performance in nine years.

The Group has registered a profit of Rs. 326 crores before tax, exceptional items and its share of losses in associate or joint ventures as against a loss of Rs. 61.7 crores for last year.

The Group's operating costs are down by Rs. 1131 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.

Shares of NEW DELHI TELEVISION LTD. was last trading in BSE at Rs.36.85 as compared to the previous close of Rs. 38.1. The total number of shares traded during the day was 9013 in over 70 trades.

The stock hit an intraday high of Rs. 39.5 and intraday low of 35.55. The net turnover during the day was Rs. 326622.


Source: Equity Bulls

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