NDTV reports 18 per cent higher revenues
By Our Corporate Bureau | 18 Oct 2005
New Delhi: The New Delhi-based media company NDTV has reported 18 per cent higher revenues at Rs43 crore for the quarter ended September 30th 2005. Operating profits for the second quarter stood at Rs18.4 lakh with an EBITDA of Rs.3.81 crore.
Combined revenues for the first six months of FY06, registered a 10 per cent growth at Rs84.56 crore.. Expenses saw a jump on account of launch of the business channel, NDTV Profit.
According to a company press release, "The first half of this financial year is part of our organisation-building process and involved some on-time cost adjustments. We believe the worst in expense increases is over. We foresee both salary cost increases and many other cost increases coming down substantially next year.
On the revenue front we expect second half to be far more buoyant. Our estimates are that revenues in second half of FY06 will be at least 30-35 per cent higher than those reported in the first half. Anticipating competition in the English news space, our business negotiations have been focused on ensuring that the year is 'backloaded' to ensure good revenues Q3 and Q4."
In a zero cost deal for the company, where all costs will be reimbursed,, it recently concluded a tie-up with Astro Broadcast to provide news content for news channels to be launched in Malaysia and IndonesiaNDTV will get a 20-per cent stake in the channels.
The company has granted 40.57-lakh stock options to its employees.
