NDTV Q4 losses drop 45% to Rs17.21 crore1 min read . Updated: 04 May 2015, 07:07 PM IST
Revenue of the digital arm NDTV Convergence grew 47% to Rs107 crore, while revenue from the television business grew 13% to Rs508 crore
New Delhi: News broadcaster New Delhi Television Ltd (NDTV) on Monday said it consolidated net loss for the quarter ended 31 March has dropped by 45% to ₹ 17.21 crore from ₹ 31.39 crore in the same period last year.
The company that operates television channels NDTV 24X7, NDTV Profit, NDTV India and NDTV Good Times reported a revenue of ₹ 163 crore during the quarter, compared with ₹ 149.9 crore in the corresponding quarter last year.
For the full year, the company posted a net loss of ₹ 44 crore, 45% less than ₹ 81.1 crore a year ago. Revenue rose 24% to ₹ 571 crore.
During the year, revenue of the digital arm NDTV Convergence grew 47% to ₹ 107 crore, while revenue from the television business grew 13% to ₹ 508 crore.
The company said the number of transactions at its e-commerce portal IndianRoots.com grew five-fold during the year, with average order value more than doubling to ₹ 17,000 against ₹ 9,000 in the previous year.