NDTV reports EBITDA loss of Rs 29 cr in in FY14

NDTV has reported Rs 496 crore of consolidated revenue for the financial year ended March 31, 2014 and EBITDA loss of Rs 29 crore. The Q4 numbers for FY14 include one-time write-offs amounting to Rs 14 crore. University Cricket Championship, which contributed Rs 33 crore in revenue in Q4 in FY13, was also postponed this year.

This has been an investment year for NDTV with an aim to turn around loss-making verticals and incubate new growth businesses. Significant incubation costs for NDTV Prime and NDTV e-tailing venture have contributed to the annual losses. These businesses are now showing robust revenue growth, and are heading for profitability.

The Board of NDTV has mandated the management to explore means of unlocking sum of parts shareholder value, through various methods including restructuring or a private placement in NDTV Convergence and/or other subsidiaries.

It is worth noting that NDTV 24×7 has been PAT positive for the last five years, with an average annual profit of Rs 40 crore. The channel continues to command unrivalled viewership (50% plus) in the English news genre.

NDTV Convergence has registered a CAGR of 54 per cent over the last six years and is targeting a significant jump in revenues to touch Rs 100 crore in the coming year.

NDTV Lifestyle Holdings has a cash balance of more than Rs 110 crore.

Source: http://cablequest.org/news/national-news/item/4804-ndtv-reports-ebitda-loss-of-rs-29-cr-in-in-fy14.html
Source: http://cablequest.org/news/national-news/item/4804-ndtv-reports-ebitda-loss-of-rs-29-cr-in-in-fy14.html