NDTV has announced its quarterly results for Q2 of 2023-24, ended September 30, 2023. The revenue is up by 37 percent when compared to the preceding quarter (Q1) and down by 10 percent compared to last year's same quarter. Operating expenses are marginally up in comparison to last year Q2 results due to expenses on launch of regional channels which are in investment mode.
The media network launched two regional channels ‘NDTV Madhya Pradesh and Chhattisgarh’ and ‘NDTV Rajasthan’ in Q2.
Despite the muted economic environment with slight bullishness in advertisement spend in Q2, NDTV Group has delivered a profit after tax of Rs 8.1 crore for broadcasting business and Rs 5.9 crore for the entire group, during the quarter ended September 30, 2023.
With its focus of expansion and growth, NDTV expects to launch more regional channels in the near future. Along its fast-paced growth, the objective of NDTV Group is to become a contemporary, digital-first media network for Indian and global audiences deriving respect, credibility and balanced impact continues to be the key focus area, the company stated in a press release.
