BENGALURU: The Prannoy and Radhika Roy-led New Delhi Television Ltd (NDTV) reported consolidated loss of Rs 10.50 crore for the quarter ended 30 September 2019 (Q2 2020, quarter or period under review) as compared to a profit of Rs 0.58 crore for the corresponding year ago quarter Q2 2019 (y-o-y). Consolidated operating revenue for the period under review declined 17.4 percent y-o-y to Rs 77.22 crore from Rs 102.24 crore in Q2 2019.
Consolidated total income which includes operating revenue as well as other income for Q2 2020 declined 21.8 percent y-o-y to Rs 78.8 crore from Rs 10.83 crore.
Consolidated Operating loss for the period under review was Rs 0.76 crore as compared to an operating profit (EBITDA) of Rs 4.35 crore in Q1 2019.
The company has two segments – television media and related operations (TV); and Retail/Ecommerce segment (Retail). For its TV segment, NDTV reported 17.6 percent y-o-y revenue decline at Rs 75.81 crore for Q2 2020 from Rs 92.03 crore. TV segment operating result for Q2 2020 was loss at Rs 1.25 crore as compared to an operating profit of Rs 13.92 crore for Q1 2019. For the Retail segment, NDTV reported revenue of Rs 1.87crore for Q2 2020 as compared to Rs 3.69 crore in Q2 2019. NDTV reported negative operating result (loss) to the extent of Rs 0.66 crore and loss of Rs 5.40 crore for Q2 2020 and Q2 2019 respectively.
Let us look at the other numbers reported by NDTV
Total expenses in Q2 2020 reduced 11.2 percent y-o-y to Rs 87.57 crore from Rs 98.65 crore. Production expenses and cost of services in Q2 2020 reduced 5.3 percent y-o-y to Rs 21.10 crore from Rs 22.29 crore. Finance costs increased 8.2 percent y-o-y in Q2 2020 to Rs 6.86 crore from Rs 6.34 crore during the corresponding period of the previous year. Employee benefit expense reduced 20.8 percent y-o-y in Q2 2020 to Rs 28.91 crore from Rs 36.49 crore in Q2 2019. Operating and administrative cost in the quarter under review increased 2.5 percent y-o-y to Rs 19.55 crore from Rs 19.08 crore in Q2 2019. Marketing distribution and promotional expenses in Q2 2020 was 25.3 percent lower y-o-y at Rs 8.42 crore as compared to Rs 11.27 crore.
