New Delhi, Delhi, India
RESULT HIGHLIGHTS
--NDTV announces a 54% YOY growth in revenues for Q1'07 at Rs. 64 crores versus Rs. 41.5 crores in the same quarter of the previous year
--EBITDA for Q1 is at Rs. 8.17 crores compared with Rs. 4.26 crores in the same quarter of previous year, a growth of 92%
--PAT or Profit After Tax and before ESOP has increased to Rs 2.7 crores versus Rs. 23 lakhs in Q1'06
BUSINESS HIGHLIGHTS
NDTV continues to maintain its leadership position with its English news and Business news channels, NDTV 24x7 and NDTV Profit respectively. NDTV India has maintained its position amongst the top two revenue earners in the Hindi news space.
The network's market leadership is well reflected in the first quarter's robust topline growth. The company has added 75 first time advertisers and 175 new brands this quarter taking the total brand and advertising universe to 2261.
The company achieved a significant milestone this quarter with the launch of "Astro Awani" a 24 hours news channel in Indonesia, in partnership with Astro, a leading South East Asia media group. It is the first channel launched by NDTV generating news that is not India-related and is specifically for viewers of that country. NDTV will be launching a similar channel with Astro in Malaysia by this year end.
"Our news network's leadership in an environment of increasing competition reflects the strength and credibility of the NDTV brand and the trust our viewers place in us. Going forward, we remain focused on becoming a composite media house and will continue to pioneer new areas of media work" added Dr Prannoy Roy, Chairman of NDTV. The company has been ranked amongst India's 25 most trusted companies by a leading business magazine.
Manisha Natarajan, NDTV, + 91 9811999246 manishan@ndtv.com
Source: NDTV (Business Wire India)
Press release presented here is sourced from the Source mentioned above and is provided on as-is basis. Please contact the Company / Source directly for any further information in regard to this release. This website will be unable to assist you in regard to the accuracy or correctness of information in this release.