NDTV revenues up 46% at Rs 680 million


MUMBAI: NDTV’s standalone revenues were up 46 per cent year on year for the quarter ending 30 September, 2007. The company’s revenues for Q2, FY 2008 touched Rs 680 million (Rs 68 crores) compared to Rs 470 million (Rs 47 crores) in the same quarter last year.


For the quarter ending 30 September, 2007, the company’s EBIDTA rose to Rs 26.6 million (Rs 2.66 crores) as compared to a loss of Rs 51.8 million (Rs 5.18 crores) in the same quarter last year.


NDTV’s operational expenditure of Rs 653 million (Rs 65.3 crores) (standalone) includes costs incurred for the launch of MetroNation: Delhi.


NDTV consolidated revenues hit Rs 775 million (Rs 77.5 crores), up 42 per cent, compared to Rs 545 million (Rs 54.5 crores) in the same quarter last year.


In this quarter, the NDTV group launched four 24-hour channels namely NDTV Good Times, NDTV MetroNation’ Delhi, NDTV Arabia and Astro Awani Malaysia.


NDTV Good Times is a lifestyle channel, whereas NDTV MetroNation Delhi is a English city channel. NDTV Arabia is a 24-hour news and infotainment channel and marked the company’s entry into the Middle East and North Africa region. On the other hand, Astro Awani Malaysia is a 24-hour infotainment channel in Bahasa and was launched in partnership with Astro.


The NDTV Group now has six companies under its belt. They are as follows:


NDTV Imagine: The NDTV Imagine team led by Sameer Nair is on track for a January 2008 launch of a Hindi general entertainment channel.


NDTV Lifestyle: Having launched its first channel, NDTV Good Times, the Lifestyle team is working towards the launch of its next channel.


NDTV Convergence: A team of 60 professionals have been hired and work is in progress to expand into mobile, lifestyle, news and entertainment.


NDTV Labs: The high technology centre for software services and products in the media space is in operational mode and working on leads from several international clients.


NDTV Emerging markets: This has been a significant quarter for the Emerging Markets team with the successful launch of its Malaysia channel in the Bahasa language. The Indonesia channel won several awards and made a profit in its first year of operations.


NGEN: A 50:50 joint venture with Genpact, NGEN Media Services has established a 50 seat functioning centre and is actively working on four international pilot projects.