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NDTV posts Rs 8.08 crore loss in Q1

Introduction

News broadcaster NDTV Ltd reported a consolidated loss after tax of Rs 8.08 crore in the first quarter ended June 30, 2023. This loss was primarily due to lower revenue.

Comparison with the Previous Year

In the first quarter of the last fiscal, NDTV had posted a consolidated profit after tax of Rs 25.81 crore. Therefore, the company faced a significant decline in its financial performance.

Revenue Details

The consolidated revenue from operations was recorded at Rs 69.99 crore in the first quarter of 2023, as opposed to Rs 107.74 crore in the corresponding period of the previous year.

Expenses

Total expenses for the quarter were slightly down at Rs 81.98 crore compared to Rs 83.33 crore in the same period last year.

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Conclusion

NDTV’s Q1 financial results depict a challenging period, marked by a significant loss in profit. The company’s lower revenue and reduced expenses contributed to this negative outcome. To stay informed about the latest news and developments, consider subscribing to NDTV’s premium membership or accessing their exclusive content.

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