NDTV group Q1 FY23 revenue at Rs 113.70 crore; PAT at Rs 23.2 crore

Mumbai: The NDTV group reported its first quarter results for financial year 2023. The company’s revenue stood at Rs 113.70 crore up by Rs 18 crore versus the corresponding quarter last year. The company’s profit after tax (PAT) stood at Rs 23.2 crore up by Rs 9.25 crore.  

The group’s TV arm recorded a profit of Rs 12.5 crore. Its digital arm NDTV Convergence has recorded a PAT of Rs 13.7 crore.

According to the company's statement, it should be noted that Q1 last year included an exceptional item (sale of an investment). If that were to be excluded, the revenue has improved by Rs 24.5 crore over last year and profit has improved by Rs 13.7 crore over last year.

The group’s external liabilities are down by Rs 6 crore including bank borrowings in the quarter and by Rs 206 crore including bank borrowings from three years ago (as of March 2019).

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