Last Updated : Friday, June 26, 2020 17:19:40

NDTV Group’s best result in 10 years, broadcast remains profitable

NEW DELHI / MUMBAI / RAJKOT – In a regulatory filing as submitted to the Indian Stock Exchanges, New Delhi headquartered Dr Prannoy Roy led Television News Channel broadcaster New Delhi Television (NDTV) Ltd said of having declared the best financial numbers in the decade, remaining profitable with the bottomline pegged at 242.2 million (~24 crore) rupees.

In a press-release titled, “NDTV Group’s best result in 10 years, broadcast remains profitable”, as attached and enclosed with the regulatory filing as submitted to the Indian Stock Bourses, the release further read that, The NDTV Group is announcing its best result in ten years with a profit after tax of ₹ 24.22 crores for 2019-2020.

For the second year in a row, NDTV Limited, the broadcast section of the Group, is also closing the financial year with profit after tax.

At the Group level, the profit after tax has increased by ₹ 14 crores (~140 million) over the last financial year.

The Group’s focus on furthering its synergy of operations and resources continues.

Operational expenses are down by ₹ 29.54 crores (~295.4 million) over the previous financial year and by nearly ₹ 145 crores (1.45 billion) over the last two years, when the Group started a detailed exercise to rationalize costs.

For this financial year, NDTV Convergence, which is the group’s digital arm, is recording its best revenue ever.

Its audience has further expanded, allowing it to consolidate its position as the default choice for online news for Indians everywhere.

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