Home >Companies >NDTV Q4 losses drop 45% to Rs17.21 crore
NDTV said the number of transactions at its e-commerce portal IndianRoots.com grew five-fold during the year.
NDTV said the number of transactions at its e-commerce portal IndianRoots.com grew five-fold during the year.

NDTV Q4 losses drop 45% to Rs17.21 crore

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.

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