NDTV Group records profit of Rs 12.9 crore in Q3
There has been a decline in the profit because of reduction in consumption of advertisement inventory across news genres, the company said
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Published: Feb 24, 2023 6:40 PM | 1 min read
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NDTV has clocked a profit of Rs 4.6 crore in Q3 on standalone basis against Rs 17.3 crore in the same quarter last year. For NDTV Group, the profit is Rs 12.9 crore, lower in comparison to the same quarter last year when it was Rs 27.6 crore. The decline is primarily due to reduction in consumption of advertisement inventory across news genres, the company’s financial statement read.
The group in its press release said that it's declaring its second most profitable year to date (YTD) results in over a decade. For Q3 as well, the NDTV Group remains profitable.
The group’s digital arm, NDTV Convergence, has delivered its best-ever revenue for Q3 with a profit of Rs 13.3 crore. YTD revenues are up by 22% over last year.
This is the 13th consecutive profitable quarter for the NDTV Group, company said in the press release.
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