Bollywood

NDTV Group posts Rs 27.6 crore profit after tax in Q3 FY22

The TV business reported PAT at Rs 17.3 crore.

10 Feb, 2022 – 06:17 PM IST     |     By indiantelevision.com Team    

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Mumbai; NDTV Group on Thursday posted its third-quarter financial results for FY 2022. The media company reported a profit after tax of Rs 27.6 crore. Its TV business reported a profit of Rs 17.3 crore for the third quarter.

The group’s year-to-date profit stands at Rs 55.6 crore out of which its TV business generated Rs 41.4 crore.

NDTV’s digital arm NDTV Convergence saw a profit of Rs 12.2 crore during the quarter. “This quarter is the company’s second-highest ever for profit after tax; the best quarter in this regard was within the last year, further establishing Convergence as a consistently profitable online content company which is delivering aggressive growth,” said the statement.

The group reported that its external liabilities have decreased by Rs 69.2 crore so far in the financial year. Bank borrowings for the group have also shrunk by Rs 42.8 crore year-to-date.

“These results have been achieved amid the many difficulties posed by the pandemic. NDTV’s reporters and production crews have performed outstandingly, often while being at some risk themselves, delivering the latest and most credible information from across the country on Covid developments; for this, the company is deeply grateful, as also extremely proud,” said the statement.

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