The NDTV Group is recording a worthwhile Q1 regardless of the widely-reported affect of the coronavirus pandemic on companies in India and the media sector particularly.
The tv enterprise of the corporate, NDTV Restricted, is declaring revenue after tax of Rs four.42 crore. Of the final 9 quarters, the broadcasting enterprise has proven a revenue in eight.
The Group’s revenue after tax for this quarter is Rs 6.89 crore.
With the Group constructing its monetary power, its liabilities (together with financial institution borrowings) have decreased by 95 crores within the final two years.
The Group wish to acknowledge the loyalty and dedication of these workers who took pay cuts for Q1 (nearly all of workers have seen these cuts reversed as of August 1; the administration and different senior workers proceed to work with decreased salaries).
NDTV Convergence, which is the Group’s digital enterprise, stays a market chief with big visitors on account of its credible reporting of the pandemic. Its EBITDA for the quarter was 23% %, the identical as that of the final quarter (This fall) of FY 2019-20.
Source link
