MUMBAI: New Delhi Television Ltd (NDTV) has announced its financial results for the first quarter ended 30 June. The consolidated income is up by 437 per cent to Rs 405.34 million for the June 2004 quarter as against Rs. 75.52 million reported in the corresponding quarter.
The company reported a Profit before depreciation, interest and tax (PBDIT) of Rs.125.70 million in the quarter ended June 30, 2004 against the loss of Rs. 183.03 million reported in the corresponding quarter.
The company reported Profit After Tax (PAT) of Rs. 76.26 million for the quarter ended June 30, 2004 as against the loss of Rs.205.47 million reported in the corresponding quarter ended June 30, 2003, stated an official release.
NDTV attributed its improved performance to the rising viewership. The release added that the revenues this quarter were also assisted by the general elections.