NDTV Q1FY23 Results: PAT declined 3.8% to ₹23.2 Cr while Income up 3.48% to ₹113.7 Cr QOQ

NDTV Limited, the Group’s television arm, has recorded a profit of ₹ 12.5 crores. For Q1, this is the Company’s second-best performance ever for profitability. If the exceptional item recorded in Q1 last year were excluded, this would be the television company’s best-ever Q1, as claimed by the company NDTV Convergence, the Company’s digital arm, has completed its most-successful ever quarter, recording its highest-ever revenue; Profit After Tax is at an all-time high of ₹ 13.7 crores

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New Delhi Television Limited (NDTV) India’s first and largest private producer of news current affairs and entertainment television.

The media giant has posted its Q1FY23 financial results today, the details are as below :

(I) Unaudited Consolidated Financial Results for Quarter Ended (QOQ comparison):

The company has reported, a consolidated Total Income of ₹113.70 crore in the quarter ended on June 30, 2022 as against ₹109.87 crore in the last quarter ended on Mar 31, 2022, increased by 3.48%.

NDTV has posted a consolidated Net Profit of ₹23.23 crore in the quarter ended on March 31, 2022 as against ₹24.16 crore in the previous quarter ended on June 30, 2022. The PAT surges down by 3.85%.

The status of the EPS of the company stood at ₹3.60 as on March 31, 2022 compared to the previous quarter ended on June, 2022 which was ₹3.75, down by 4%.

₹*June 30, 2022 (Q1FY23)Mar 31, 2022 (Q4FY22)
Total Income113.70109.87
Total Expenses83.3380.53
PBT /(Loss)30.6529.73
Total Tax /(credit)4.843.28
PAT /(Loss) [to the owners]23.2324.16
*figures are in Crores

(II) Unaudited Consolidated Financial Results for Quarter Ended (YoY comparison):

The company has reported, a consolidated Total Income of ₹113.70 crore in the financial year ended on June 30, 2022 as against ₹95.71 crore for the same quarter ended on last year June 30, 2021 that increased by 18.8%.

NDTV has posted a consolidated Net Profit of ₹23.23 crore in the financial year ended on June 30, 2022 as against ₹15.99 crore for the same quarter ended on last year June 30, 2021. The PAT surges up by 45.27%.

The status of the EPS of the company stood at ₹3.60 as on June 30, 2022 compared to the quarter ended on last year June 30, 2021 which was ₹2.48, up by 45.16%.

₹*June 30, 2022 (Q1FY23)June 30, 2021 (Q1FY22)
Total Income113.7095.71
Total Expenses83.3377.92
PBT /(Loss)30.6518.10
Total Tax /(credit)4.841.54
PAT /(Loss) [to the owners]23.2315.99
*figures are in Crores

NDTV to sell 84 lacs stakes of Delta Softpro to Bathla Teletech for ₹30 crores – Check the details here.

Chanda Kochhar and Hari. S. Bhartia at NDTV studio

(III) Key Highlights about the Performance :

  • in Q1 last year included an exceptional item (sale of an investment). If that were to be excluded, revenue has improved by ₹24.5 crores over last year and profit has improved by ₹13.7 crores over last year
  • NDTV Limited, the Group’s television arm, has recorded a profit of ₹ 12.5 crores. For Q1, this is the Company’s second-best performance ever for profitability. If the exceptional item recorded in Q1 last year were excluded, this would be the television company’s best-ever Q1, as claimed by the company
  • NDTV Convergence, the Company’s digital arm, has completed its most-successful ever quarter, recording its highest-ever revenue; Profit After Tax is at an all-time high of ₹ 13.7 crores
  • The Group continues to reduce its external liabilities, which are down by ₹ 6 crores (including bank borrowings) in this quarter and by ₹ 206 crores (including bank borrowings) from three years ago (as of March 31, 2019).

>Further News on NDTV :

1) On 7 November 2019, the Company received a notice from Hon’ble High Court of Delhi (Court) in regard to a civil suit filed by Mr. Luv Ranjan against 12 (twelve) Defendants including the Company and its subsidiary NDTV Convergence Limited arrayed as Defendant No. 3 and 4. The Plaintiff has prayed for a perpetual injunction and the damages of INR 2,500 lakhs (INR 25 crores) for the impugned articles published by the Defendants. The Company out rightly rejects any charges of defamation and will present relevant material to the Court to contest the matter. The next date of hearing is 31 August 2022.

2) On 18 October 2018, the Company received a notice from Ahmedabad City Civil Court (‘the Court’) about a suit for defamation, instituted by Reliance Infrastructure Limited and others against the Company, Executive Co-Chairperson of the Company and Managing Editor of the Company, claiming damages of INR 1,000,000 lakhs (INR 10,000 crores) because of a Company’s show, ‘Truth vs Hype: The Ideal Partner in Rafael Deal’ broadcast on the channel ‘NDTV 24X7’. The Company out rightly rejects any charges of defamation; and has challenged the jurisdiction of the Court and filed its written statement in this matter. The next date of hearing is 20 August 2022.

The stocks of NDTV Ltd (PDF) last hit in BSE,

  • Intraday High of ₹ 305.80
  • Intraday low of ₹ 287.35
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