Best-ever Q1 for NDTV's television company, Group profit of ₹ 16.0 crores

The NDTV Group is declaring its best first quarter (Q1) in over a decade with a profit of ₹ 16 crores. The Group's television company - NDTV Limited - has recorded the best Q1 in its history with a profit of ₹13.9 crores.

NDTV Convergence, the digital arm of the Group, has delivered another profitable quarter with an increase of 41 percent in revenue over the same time last year.

The Group's total liabilities have been reduced by ₹ 23 crores in this quarter; bank borrowings are down by ₹ 8.7 crores.

NDTV, with the support of each employee, has worked to mitigate any uncertainty caused by the impact of the pandemic on the economy and all businesses. It thanks its team for their superlative reporting and commitment to providing news as an essential service at this difficult time.

Given the economic landscape, the Management will control expenses and focus all efforts on ensuring the Company's financial position strengthens further.

Shares of New Delhi Television Limited was last trading in BSE at Rs. 74.2 as compared to the previous close of Rs. 78.45. The total number of shares traded during the day was 6139 in over 289 trades.

The stock hit an intraday high of Rs. 78.25 and intraday low of 73.2. The net turnover during the day was Rs. 461191.

Source : Equity Bulls

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