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Consolidated web lack of ₹8.74 crore in January-March in contrast with lack of ₹1.35 crore revenue in the identical interval a 12 months again, in response to a inventory change submitting by the corporate.
Loss, nonetheless, narrowed from ₹10.13 crore within the December quarter as its digital footprint expanded and gained traction.
Income from operations rose to ₹106.52 crore from ₹66.96 crore within the January-March interval.
“NDTV Convergence, the corporate’s digital arm additionally witnessed a major 39 per cent improve in world digital visitors in March, 2024 over April, 2023 on its platforms,” an organization assertion stated.
“The NDTV Group’s potential to adapt to evolving shopper preferences and market dynamics has been instrumental in driving this spectacular progress,” it stated.
Attrition was down 58 per cent from earlier 12 months.
Through the monetary 12 months, NDTV expanded its presence throughout shopper segments with the launch of NDTV MP-CG, NDTV Rajasthan and NDTV Revenue. Moreover, NDTV Marathi is being launched on Could 1.
“This strategic growth drive from a two-channel setup to a six-channel setup has meant substantial investments in next-generation infrastructure,” the assertion stated.
“A cutting-edge broadcast facility in BKC, Mumbai, is up and operating. One other state-of-art built-in facility might be operational in NCR, Delhi within the coming months. Whereas these investments strengthen future progress goals, they’ve had an affect on short-term monetary efficiency.
“NDTV stays dedicated to creating long-term shareholder worth by leveraging its premium model worth to launch new merchandise, broaden audiences and drive effectivity by investments in expertise,” the assertion stated.
As the brand new monetary 12 months commences, NDTV continues its growth momentum with the upcoming launch of its subsequent regional information channel, NDTV Marathi and reimagining its worldwide providing underneath, NDTV World, that includes unique reveals with an Indian perspective catering to a worldwide viewers and the Indian diaspora, it added.
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For the total 2023-24 fiscal 12 months, the agency posted a web lack of ₹22.54 crore as in comparison with a revenue of ₹52.18 crore within the earlier monetary 12 months.
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