On Thursday, shares of the broadcaster and digital news publishing firm fell up to 5 percent after the company’s net profit and revenue decreased by 166 percent and 6 percent respectively, in the third quarter.
With a market capitalization of Rs 1,749.43 crore, the shares of New Delhi Television Ltd were trading at Rs 271.35 per share, decreasing around 1.69 percent as compared to the previous closing price of Rs 275.65 apiece.
Looking into the company’s Performance, New Delhi Television Ltd’s revenue increased by 2 percent on a quarter-on-quarter basis from Rs. 96 crores in Q2FY24 to Rs. 98 crores in Q3 FY24. Further, revenue decreased by 6 percent year on year from Rs. 105 crore in Q3FY23 to Rs. 98 crore in Q3FY24.
New Delhi Television Ltd’s net profit decreased by 226 percent on a quarter-on-quarter basis from a profit of Rs. 6 crore in Q2FY24 to a loss of Rs. 10 crore in Q3FY24. Further, net profit decreased by 166 percent yearly from a profit of Rs. 15 crore in Q3FY23 to a loss of Rs. 10 crore in Q3FY24.
The company’s revenue is mostly derived from advertisement sales, event sales, and subscription revenue (DTH and cable providers). Social media accounts for more than 50% of NDT V’s digital video income.
NDTV channels have a global reach of 65 nations and are often ranked as one of the most popular Indian news stations in the United Kingdom. Recently, the business announced plans to develop nine news stations in various Indian languages in stages.
New Delhi Television Ltd reported return ratios in the recent financial year with a return on equity (ROE) of 15.7 percent and a return on capital employed (ROCE) of 18.6 percent.
New Delhi Television Ltd’s recent shareholding pattern, The Promoters of the company own 69.71 percent while Retail shareholders own a 30.15 percent stake in the company and Foreign Institutional Investors own a 0.13 percent stake.
New Delhi Television Limited (NDTV) runs three television channels, including a dual channel (NDTV 24×7, NDTV India, and NDTV Profit). Through its subsidiaries, NDTV has expanded its reach beyond news and television to include digital content and e-commerce.
Written by:- Abhishek Singh
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
